Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
MusaPk
on 02/11/2024, 10:55:34 UTC
Well thanks for the clarification I admit it was my mistake, you know sometimes using website wrongly can be misleeding. And using a calculator you are not conversant with can be confusing. I discovered that the DCA costavg.com calculate is more convenient for me. Another mistake I did was that I used 2020 as 5years ago instead of 2019. and the months should have been also the exact month five years ago. Like today is 1/11/2024 if I where to calculate 5 years ago from the calculator, it would been 1/11/2019

This where my finding from using the DCA costavg.com calculator



From the table I was able to understand that $100 investment 5 years ago 1st Nov 2019 to 1st Nov 2024 will be $26100 with a total number of 1.8407BTC accumulated. with a value of $127,717.92 of bitcoin and a Total of %389.34 ROI. At current rate of $69.384.3 btc at the time of the calculation.

And it also stated that if the $26k DCA investment where to be invested through lump sump on the 1st of Nov 2019 by now the total worth would also be BTC7.11326 worth of bitcoin amounting to $493.549  %1790Roi

Surely this calculator is more convenient for me.

There might be more tools available which we can explore. It's good to have knowledge about these tools so we can check our calculations on multiple tools and that gives idea about whether we are heading in right directions. As JJG said sometimes it's better to calculate results manually and not rely solely on these tools.