Dollar Cost Averaging with costavg.com include exchange fee

[Catenaccio]

Even a person like Robert T. Kiyosaki eventually sees that Dollar Cost Averaging is good for long term investment.

Here is his tweet.

Gold dropped $10 today. Silver 14 cents. This is where “Dollar Cost Averaging” pays off. Rather than pretend to be Warren Buffet picking bottoms  I am an average investor “accumulating” the asset I want for the long term. I have been accumating gold, silver, BC and real estate for years. My first gold coin cost $50. Today that same coin is  worth $2000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care.

I discovered a website for Dollar Cost Averaging and it has a box to enter Exchange fee too.
https://costavg.com/
Its has DCA calculator tool for some cryptocurrencies: Bitcoin, Ethereum, Litecoin, Monero and Cardano.

I used it with $50 weekly DCA, since 10 September 2021, a few weeks before Bitcoin made its all time high till 25 October 2023.
After about 4 years of  $50 weekly DCA, you can accumulate 0.2 BTC. Impressive!

DCA gives profit as you can see from screenshots. You can type same inputs for DCA calculator and get a detailed table that I did not make a screenshot of it.

[EarnOnVictor]

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

The main goal is for an investor not to miss out on whether the price of an asset will be favourable or advantageous, such a person using the DCA will be able to average their risks of striking the asset through this approach.

[Yamane_Keto]

It is a trading strategy and the conditions for its use may differ from one user to another and from time to time. If I had $17,000 and I had the option to invest now and buy half a Bitcoin, or to invest 1k/month for 17 months, then inevitably investing $17,000 now and buying half a Bitcoin would achieve a higher return than the investment. This amount is spread over several months, and this text will vary completely according to the market situation.

DCA is an excellent strategy and achieves a good return on investment, but it is not the best strategy for all times.

[ABCbits]

That's nice website you found. Although for those who prefer not to store their coin on exchange, they should also consider withdraw fee which may significantly reduce the profit rate.

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

You're not exactly wrong, but website mentioned by OP also show change on each specific internal which shown on table and graph. It's much faster and convenient than doing it manually by yourself on Google Sheet or Microsoft Excel.

[Frankolala]

It has been confirmed by many investors that the DCA method of accumulating bitcoin is the best strategy to apply as a long term investors, that has the passion to keep on increasing his bitcoin portfolio with timeline.

DCA is easy and more convenience to accumulate bitcoin disregard the price of bitcoin at any given time. It is just like you are saving money in the bank and every month you save 10% of your income regularly for 4yrs and above because you want to use the compound funds to build a house. That is how DCA works but you put that 10% into bitcoin.

Before you know it your bitcoin investment portfolio will have increased directly proportion with the amount used and the timeline, and also with your profit. Lump sum will have good profit, if you bought at the bottom line and this is hard to know. You might lump sum and bitcoin price dips again, you will not be happy that you bought then. This is why DCA remains outstanding amongst the three methods to accumulate bitcoin.

[Text]

I just noticed the inconsistency of the date range if you follow the correct format.

Date range: 09/10/2021 - 10/25/2023

You say you started on 9 October 2021 or should it be 10 September 2021?

10/25/2023 is 25 October 2023

Anyway, I agree that DCA is the most recommended strategy investment so far, that is what I commonly see when I engage or read some of the posts on trading and investment tips topics. I know it is not too late to try, maybe soon so I can test it on my end.

[Catenaccio]

I just noticed the inconsistency of the date range if you follow the correct format.

Date range: 09/10/2021 - 10/25/2023

You say you started on 9 October 2021 or should it be 10 September 2021?

10/25/2023 is 25 October 2023

Thank you. I corrected it.

[DapanasFruit]

Anyway, I agree that DCA is the most recommended strategy investment so far, that is what I commonly see when I engage or read some of the posts on trading and investment tips topics. I know it is not too late to try, maybe soon so I can test it on my end.

I have already heard many good things with using the DCA strategy though I have not yet applied it with my crypto investment  portfolio. Maybe one thing that strikes me with DCA is the consistency that one must follow in order to get the results one is looking for on the long-term basis. Since most of us here are not on the millionaire's club level, DCA can offer the path towards financial freedom looking down the road. I am surely taking a good look at DCA and it can be applied to my situation as a small investor.

[BlackBoss_]

I have already heard many good things with using the DCA strategy though I have not yet applied it with my crypto investment  portfolio. Maybe one thing that strikes me with DCA is the consistency that one must follow in order to get the results one is looking for on the long-term basis. Since most of us here are not on the millionaire's club level, DCA can offer the path towards financial freedom looking down the road. I am surely taking a good look at DCA and it can be applied to my situation as a small investor.

You don't have to do DCA by yourself to understand how it works. Tools like the one shared by OP can help you to understand more about DCA.

https://dcabtc.com/
https://www.bitcoindollarcostaverage.com/
https://www.cryptodca.org/

You can create an account on Coinmarketcap or Coingecko and have a Demo DCA with your account. No money loss by entering an amount for Demo DCA weekly or monthly.

Coinmarketcap
How to use the Coinmarketcap Portfolio

Coingecko
Free & Powerful Crypto Portfolio Tracker
Create a Crypto Portfolio Tracker on Google Sheets

[CryptoHeadlineNews]

Even a person like Robert T. Kiyosaki eventually sees that Dollar Cost Averaging is good for long term investment.

Here is his tweet.

Gold dropped $10 today. Silver 14 cents. This is where “Dollar Cost Averaging” pays off. Rather than pretend to be Warren Buffet picking bottoms  I am an average investor “accumulating” the asset I want for the long term. I have been accumating gold, silver, BC and real estate for years. My first gold coin cost $50. Today that same coin is  worth $2000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care.

Though "Dollar Cost Average method might be a very good way to accumulate more coins over a long period of time, but the only problem about it is your ability to predict when the price value will of your asset to "Fall" so as to sell high and buy back low when the price value have fallen, while doing that consistently, of which it only takes for anybody to be successful as a DCA investor, he/she needs to have good knowledge of about how the price movement of bitcoin works. Hence, making "hodling" the best and primarily way to invest in Bitcoin, for those who have little or no knowledge about how Bitcoin works.

[JeromeTash]

So this is more like a DCA calculator. Pretty good for determining on how the asset has performed in the past if someone decided to buy it using the Dollar Cost Average strategy. The good thing is that there are bots that can help one do DCA. Better still, more exchanges have now implemented the DCA internal feature. This can ensure that there is consistency.

I personally prefer accumulating funds and then going through the headache of buying the dip which isn't always accurated 

[BlackBoss_]

The good thing is that there are bots that can help one do DCA. Better still, more exchanges have now implemented the DCA internal feature. This can ensure that there is consistency.

By this, you have to store your money on exchanges, you always need available fund on exchanges for automatic DCA with exchange tool. It's not good idea because it is risky.

Reminder: do not keep your money in online accounts

I personally prefer accumulating funds and then going through the headache of buying the dip which isn't always accurated 

DCA is helpful to eliminate, and if not at least reduce, your headache for your investment. You only need to have fund for regularly buying and you don't have find bottoms, wait for dips, what time is good for buying with dips or without dips.

[joniboini]

Better still, more exchanges have now implemented the DCA internal feature. This can ensure that there is consistency.

Which exchanges do that? I assume they need your credit card data, otherwise, it doesn't make sense to store some alts to buy more BTC. Personally, I'd never use it and stick with manual trading since bots can be faulty and unreliable too.

I personally prefer accumulating funds and then going through the headache of buying the dip which isn't always accurated 

At the end of the day, both of them have their pros and cons. If you can be patient and get lucky, you'll end up with more profits compared to DCA. The problem is most people don't have those (catching a falling knife is almost impossible most of the time), so DCA is preferable to them. I guess you can compare how your strategy works with the tools OP and others shared and your current results.

[KiaKia]

Thanks for sharing, I bet this will be useful for those who aren't aware that such website existed, but honestly I don't need it because DCA is very easy to do without needing any form of calculator or even records, just have it in mind that every week or month you have to buy some Bitcoin with some percentage of your income or at the end of your paychecks.

Withdrawal fees ain't even something to talk about, because it's not that much to feel concern about, I remember a brother asking for Binance withdrawal fee when he want to start DCA, I told him to gather up the cash for two weeks straight before buying on exchange, I realize that the amount he plan to use weekly is too small and that's why the withdrawal fee is important to him.

DCA is good for investment because it limits your stress of investing a lot of money at once, since only money that you won't be needing for long is what should be invested into Bitcoin, I don't even have a certain amount, because my income varies, I can earn 300 in a month or even 500 at times, it depends on the rate of sales from my business. So I can DCA with 200 this month and DCA with 100 the next month, do what is easier for you when accumulating Bitcoin and always remember that it's not a do or die.

[martinex]

It is true that the ability to monitor the market is not optimal when we do this and DCA cuts it, but given the conditions, for example if the market conditions are bullish, I think that could have bad consequences because prices are soaring if you buy and the dominant basic principle used by the public is always to want relevant prices. I mean buying cheap has shifted. Ultimately I think it depends on individual circumstances.

[UchihaSarada]

It is true that the ability to monitor the market is not optimal when we do this and DCA cuts it, but given the conditions, for example if the market conditions are bullish, I think that could have bad consequences because prices are soaring if you buy and the dominant basic principle used by the public is always to want relevant prices. I mean buying cheap has shifted. Ultimately I think it depends on individual circumstances.

If you look at the market and the chart too often, you will be more emotional and will feel harder to make decisions. Emotions will affect your decisions more seriously if you spend more time to look at market and price chart.

Dollar Cost Averaging is very fitted with people who have regular income source that can be used as input for their capital in DCA. This buying, investing strategy helps to minimize time spent to look at market and price chart. It also is helpful to minimize effects from emotion on your decisions for each investment (buying) time.

Another website for DCA https://dcabtc.com/

DCA is helpful for taking profit too, not only helpful for buying.
(SSS) - A Sane and Simple bitcoin Savings plan.

[JunaidAzizi]

Dollar-cost average is a good plan for investors who have certain emotional issues like anger, fear, and nervousness. It helps them a lot by providing an emotionally free plan. DCA is sometimes good and sometimes bad those who are saying that DCA is always good then I think this is wrong. It gives good profits and affordable sharing with times. DCA is not best at both in the marketing phase i.e. bullish or bearish. If you are doing DCA in the bearish market it gives you more opportunities to buy more shares because in a bearish the price is low and with time it goes down. When you have a daily fixed amount for the investment you can buy more shares if it is bearish and when the price is high it will give you a high return on the other hand when the market is in the bullish run you can not buy more shares with the same fund and you will invest for a long period because the price is high in the bullish phase. One thing more that this strategy is for those who have a long-term investment plan if you have a short-term plan then go towards swing trading, scalping, or day trading.

[JayJuanGee]

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

The main goal is for an investor not to miss out on whether the price of an asset will be favourable or advantageous, such a person using the DCA will be able to average their risks of striking the asset through this approach.

I agree with you that DCA is not complicated, and it probably has been around for a long time before it was even called DCA, especially for anyone who might want to ease into or out of a position if they have a lump sum or just as a way for someone who does not have a lump sum to still be able to invest in order to accumulate as if he had a lump sum.. just takes a bit longer than the one who is able to get straight into an investment with a lump sum.

It seems that for several years, another thing that I like to do is to get someone to compare his her BTC performance, whatever that has been, if it has been anything other than DCA.  So in the end it might not matter very much, but if someone has been in BTC for a while.. let's say 6 years or longer, and they are claiming that forum members should trade and blah blah blah other BTC accumulation tactics, and then if we measure his performances to what it would have had been for DCA, then how many times would that guy be able to beat DCA?  And even if he is able to beat DCA, how much had he beaten it by in order to make it worth it for a newbie to follow some technique other than DCA.. especially when first building his/her BTC investment position.

By the way.. maybe going back to @OP.  DCA only works for BTC, and it does not work for those shitcoins, even though the charts might show wonderfully good results for various shitcoins.

DCA and long term investing of 4-10 years or more only works when there has been a fundamental analysis that the coin or project is likely to be trending upwardly and that it is going to end up being worth more in the long run.  So even using the terms investments when it comes to shitcoins seems very problematic, even though people can do whatever they like when it comes to shitcoins, but I would not want to be suggesting that DCA works with any of them.. unless you might be able to conclude that such shitcoin has enough staying power to have generally upwardly trending prices..

It is a trading strategy and the conditions for its use may differ from one user to another and from time to time. If I had $17,000 and I had the option to invest now and buy half a Bitcoin, or to invest 1k/month for 17 months, then inevitably investing $17,000 now and buying half a Bitcoin would achieve a higher return than the investment. This amount is spread over several months, and this text will vary completely according to the market situation.

DCA is an excellent strategy and achieves a good return on investment, but it is not the best strategy for all times.

DCA is the best strategy for most people because many do not have lump sums, such as $17k, even though they surely might be able to conjure up $1k per month for the next 17 month.

If you have the $17k (or the lump sum) then probably lump sum is going to outperform DCA in a decent variety of circumstances, and especially if the BTC price has bee relatively down rather than being at a top and creating new ATHs on a regular basis.

Even a person like Robert T. Kiyosaki eventually sees that Dollar Cost Averaging is good for long term investment.

Here is his tweet.

Gold dropped $10 today. Silver 14 cents. This is where “Dollar Cost Averaging” pays off. Rather than pretend to be Warren Buffet picking bottoms  I am an average investor “accumulating” the asset I want for the long term. I have been accumating gold, silver, BC and real estate for years. My first gold coin cost $50. Today that same coin is  worth $2000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care.

Though "Dollar Cost Average method might be a very good way to accumulate more coins over a long period of time, but the only problem about it is your ability to predict when the price value will of your asset to "Fall" so as to sell high and buy back low when the price value have fallen, while doing that consistently, of which it only takes for anybody to be successful as a DCA investor, he/she needs to have good knowledge of about how the price movement of bitcoin works. Hence, making "hodling" the best and primarily way to invest in Bitcoin, for those who have little or no knowledge about how Bitcoin works.

That is not true about needing to be able to predict BTC prices.  The exact opposite is true, including that DCA can largely be a blind strategy when comes to price, even though if someone has established their DCA budget, they might choose to try to buy on the dips, but hopefully having some restrictions in place that just compel buying after a certain point if the BTC price does not dip within a relatively short period of time that is set aside to try to find a dip...

One aspect of DCA is that you do not need to know anything about bitcoin or the price dynamics.  You buy BTC regularly based on your own budget wether that is weekly, bi-weekly, monthly or some other regular increments. 

And if you have a cashflow that varies between $800 and $2k per month, but you have around $1k of expenses every month, then you have to figure out how much you have available each week or month in order to figure out how much you want to invest - and presumably you have extra cash on hand to account for cashflow variations and also an emergency fund.. 3-6 months of a expenses is generally around the minimum amount that people would have when they are investing so that they do not have to dip into their investment at any time that is other than completely their own choosing.

[franky1]

i personally would do a little bit of custom DCA

if was starting to buy in right after a ATH i would look at the ATH and the price i want to begin DCA
EG if ATH was $70k and i want to start at the $50k price point

i would see if i can afford upto $150 if the price is right
 and then calculate a reduction of payment if price goes up and a increase of payment if price goes down
EG
$70k   $0
$66k   $10
$62k   $20
$58k   $30
$54k   $40
$50k   $50 <- start here
$46k   $60
$42k   $70
$38k   $80
$34k   $90
$30k   $100
$26k   $110
$22k   $120
$18k   $130
$14k   $140
$10k   $150

that way you buy more in good times and but less in bad time

[JayJuanGee]

i personally would do a little bit of custom DCA

if was starting to buy in right after a ATH i would look at the ATH and the price i want to begin DCA
EG if ATH was $70k and i want to start at the $50k price point

i would see if i can afford upto $150 if the price is right
 and then calculate a reduction of payment if price goes up and a increase of payment if price goes down
EG
$70k   $0
$66k   $10
$62k   $20
$58k   $30
$54k   $40
$50k   $50 <- start here
$46k   $60
$42k   $70
$38k   $80
$34k   $90
$30k   $100
$26k   $110
$22k   $120
$18k   $130
$14k   $140
$10k   $150

that way you buy more in good times and but less in bad time

Those are not bad ideas to the extent that I understand what you are saying, except if someone is brand new to bitcoin, then maybe they are going to be buying every week at the amounts that you mentioned, but we would not have the luxury of waiting for $50k, we would have to start ASAP... and it can take a while to establish a sufficiently decently sized position in order to be prepared for UP.. (that is if the person is a newbie to bitcoin). 

On the other hand, if the person already spent time establishing a position, then what he does into the future may well be influenced, in part, based on what he had accomplished so far in terms of his BTC accumulation amount and what goals that he might have had and if some of his goals might have had changed based on how long he has been in bitcoin and how much bitcoin he has accumulated in light of his other investments and the other factors that he needs to consider, as I have outlined in another one of my posts.

[franky1]

i personally would do a little bit of custom DCA

if was starting to buy in right after a ATH i would look at the ATH and the price i want to begin DCA
EG if ATH was $70k and i want to start at the $50k price point

i would see if i can afford upto $150 if the price is right
 and then calculate a reduction of payment if price goes up and a increase of payment if price goes down
EG
$70k   $0
$66k   $10
$62k   $20
$58k   $30
$54k   $40
$50k   $50 <- start here
$46k   $60
$42k   $70
$38k   $80
$34k   $90
$30k   $100
$26k   $110
$22k   $120
$18k   $130
$14k   $140
$10k   $150

that way you buy more in good times and but less in bad time

Those are not bad ideas to the extent that I understand what you are saying, except if someone is brand new to bitcoin, then maybe they are going to be buying every week at the amounts that you mentioned, but we would not have the luxury of waiting for $50k, we would have to start ASAP... and it can take a while to establish a sufficiently decently sized position in order to be prepared for UP.. (that is if the person is a newbie to bitcoin).  

i was using OP example when his example started at 50k just after the last ATH

for instance someone starting now would be investing $80 at the ~$38k price today

[JayJuanGee]

i personally would do a little bit of custom DCA

if was starting to buy in right after a ATH i would look at the ATH and the price i want to begin DCA
EG if ATH was $70k and i want to start at the $50k price point
i would see if i can afford upto $150 if the price is right
 and then calculate a reduction of payment if price goes up and a increase of payment if price goes down
EG
$70k   $0
$66k   $10
$62k   $20
$58k   $30
$54k   $40
$50k   $50 <- start here
$46k   $60
$42k   $70
$38k   $80
$34k   $90
$30k   $100
$26k   $110
$22k   $120
$18k   $130
$14k   $140
$10k   $150

that way you buy more in good times and but less in bad time

Those are not bad ideas to the extent that I understand what you are saying, except if someone is brand new to bitcoin, then maybe they are going to be buying every week at the amounts that you mentioned, but we would not have the luxury of waiting for $50k, we would have to start ASAP... and it can take a while to establish a sufficiently decently sized position in order to be prepared for UP.. (that is if the person is a newbie to bitcoin).  

i was using OP example when his example started at 50k just after the last ATH

for instance someone starting now would be investing $80 at the ~$38k price today

Ok.  I can see a little better about what you meant, and I like the idea of adjusting the amount based on BTC price; however, I think that the whole formula would need to be rethought, if the person is brand new to bitcoin, and if he is just starting now, then maybe after 3 weeks we end up at $70k, so all of a sudden, he has ONLY invested for three weeks and would not be adequately prepared for UP if his budget was so limited, even though going to zero might have made sense in late 2021 when we were at $70k, but probably ONLY for the person who would be getting close to considering that he has reached enough of a BTC stash.

I believe that I know how I would personally resolve the matter, which would likely be to continue to invest on the way up, even if the BTC price might end up going up to $200k or more.. and so one of the problems if a person has the ability to invest in that kind of a range that goes up to $150 per week under the most dippening of situations, probably something close to the max amount of $150 per week could be applied to anything below the 200-week moving average - even though I can see why there could be a bit of a slopening, even a bit below the 200-week moving average, but I would not see any slopening to be necessary or justified for any prices below $25k, so therefore the DCA would be maxed out if it were to get to $25k for sure... maybe on the way up, there might be a need to max out on the downside around $50 per week starting at around $100k, so the range that I would see would be going between $50 per week and $150 per week between around $25k and $100k-ish...

Similar ideas, but I would still be wanting to continue to buy for anyone who is just getting into BTC and maybe even there could be a need to continue to follow some variations of a formula that involves continuing buying and perhaps even strict minimums such as the $50 per week that I mentioned for when the BTC price is going up and making new ATHs for 5 years or longer to continue to accumulate before letting off.. or maybe supplementing with other accumulation strategies. and surely I don't believe in selling in order to accumulate BTC. .but various buying strategies until some internal and individually tailored goals might be reached.

Even a person who had been investing into bitcoin for 5 years with an average of around $100 per week would have $5,200 invested after a year and would have around $26,200 after 5 years, so that might not be enough to really get the person in a great place as far as how much invested, and maybe would need to reassess the strategy twice in the first year, and then at least on a yearly basis in order to figure out if more or less aggressiveness needs to be incorporated into the BTC accumulation strategy, and it may even end up taking 10-20 years worth of accumulation in which some comforts might be reached that enough BTC has been accumulated, and surely somewhere along the line some diversification might be needed too.. maybe within the first 5 years, but if not within the first 5 years then maybe soon after the first 5 years.

Our opinions are likely going to differ regarding these kinds of priorities, yet bitcoin does continue to seem to be amongst the best of investments, if not the best investment, so there probably is no need to get greedy, but we also have to be careful not to be too whimpy either, and one of the BIGGEST dangers for any newer bitcoiner is to overdo it in one way or another and then end up either getting blown out of his position or alternatively holding too many coins with third parties rather than making sure that they are regularly transferred to self-custody so that no more than 20% are ever held by any 3rd parties (or some other percentage that the person considers to be appropriate risk trade-offs).

[franky1]

again
i was going via the scenario of starting in 2021

these days(late 2023). id know the value-premium window(mining low high cost) the market speculates between, is not $10k-$70k window anymore
its more like $20k-$170k potential

so the $150 max weekly investment would look like

$170k  pay $0
$160k  pay $10
$150k  pay $20
$140k  pay $30
$130k  pay $40
$120k  pay $50
$110k  pay $60
$100k  pay $70
$90k    pay $80
$80k    pay $90
$70k    pay $100
$60k    pay $110
$50k    pay $120
$40k    pay $130
$30k    pay $140
$20k    pay $150

remember the main rule of the game
buy low sell high

people need to set a goal for when to sell.. which (in 2021 scenario) would be small amounts above $70k incrementing to sell more sats the higher it goes

i know the IDEA of DCA is for total newbies that know nothing should just throw money at a asset forever without thought or concern endlessly.. but reality of investing.. investors should know atleast something about the market they are getting in to ensure they are not buying high and end up having a real world emergency to sell low

i know the idea of just a standing order set fixed amount per month is like a set monthly pension deposit. but smart investors review their pensions and do change plans mid flow (thats what pension/portfolio managers do)

[avikz]

Lol! Dollar cost averaging is a very simple calculation. Not sure why you require an application to do it for you. You can simply use an Excel file and couple of formulas to do it.

I hope you haven't integrated your exchange account to this platform. As long as it is a manual platform, it should be ok from security perspective. But never link your exchange account to any other platform.

[fenixosup]

I prefer old but gold excel way with orders history export from exchange. Currently dcaing for more than a year, feeling good

[bayu7adi]

It turns out, over a certain period, it can still lead to losses for someone who isn't patient enough to wait for the right moment. Take the picture I sent earlier as an example, where DCA can be harmful if someone stops doing it at the timing marked in yellow. In that case, the DCA investor doesn't gain profits from the accumulation they've been doing. This happened over 11 months (May 2022 - Feb 2023) if he starting dca from January 2022.

In conclusion, even when doing DCA, it's essential to have a strong hand to keep making purchases even when prices are down, and our assets are decreasing. Typically, people with weaker hand might immediately sell at a loss when faced with minor FUD . This is a regret for them because, in reality, if continued, it could bring in profits that could improve savings.

[hugeblack]

This site gives a lot of details that may be unnecessary, but is there a Dollar Cost Averaging service that has the ability to calculate Bitcoin price predictions? It will be ideal for anyone who wants to invest in the future by having several forecasting models or choosing and including a model of your choice. In general, I have tried many services and I can say that this site is good and the interface is beautiful, although I see that DCA does not work perfectly with altCOINS.

[franky1]

In conclusion, even when doing DCA, it's essential to have a strong hand to keep making purchases even when prices are down, and our assets are decreasing. Typically, people with weaker hand might immediately sell at a loss when faced with minor FUD . This is a regret for them because, in reality, if continued, it could bring in profits that could improve savings.

hype/pump = buy less - sell more
fud/dump=buy more - sell less

buy the fud sell the hype

[Best-mary]

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

The main goal is for an investor not to miss out on whether the price of an asset will be favourable or advantageous, such a person using the DCA will be able to average their risks of striking the asset through this approach.

Absolutely, some exchanges have designed DCA in a way that one could automatically have it buy and sell when the price rises and falls which is the Dual investment I talk about most often

[JayJuanGee]

again
i was going via the scenario of starting in 2021

these days(late 2023). id know the value-premium window(mining low high) the market speculates between, is not $10k-$70k window anymore
its more like $20k-$170k potential

so the $150 max weekly investment would look like

$170k  pay $0
$160k  pay $10
$150k  pay $20
$140k  pay $30
$130k  pay $40
$120k  pay $50
$110k  pay $60
$100k  pay $70
$90k    pay $80
$80k    pay $90
$70k    pay $100
$60k    pay $110
$50k    pay $120
$40k    pay $130
$30k    pay $140
$20k    pay $150

Even though I don't completely agree with you, for the reasons stated in my earlier post, but I do recognize that you are seeming to try  to work within the parameters of the scenario that was given to you, but I also like to consider where the person is in his/her bitcoin accumulation journey, which is the reason that I would not go to zero prior to reaching some meaningful goals, which might take a newbie 5-10 years or more to reach.. and even longer if they are limiting their DCA budget amounts by so much.

remember the main rule of the game
buy low sell high

I am assuming long term investments, so I am not thinking about selling.. until perhaps much after the buys have been made.. maybe even 10-20 years later, and surely the more that a portfolio is in profits, then the more liberties that there are to sell.. presuming that the BTC accumulation targets had been reached.

I also find it problematic to sell BTC in order to accumulate more... which I believe I already touched upon as much as would be necessary for this line of discussion.

people need to set a goal for when to sell.. which (in 2021 scenario) would be small amounts above $70k incrementing to sell more sats the higher it goes

If someone has been in BTC for less than a whole cycle, then maybe it is too soon to be setting goals (targets) to sell BTC, and there are plenty of people who have been in BTC for closer to a couple of cycles and still have not sold any BTC, even though the position of their BTC portfolio can start to inform them where they are at and whether it is practical, prudent and even necessary to have selling as part of the strategy, which I would think that selling only starts to make sense when the BTC accumulation targets have already been met and/or exceeded.. and yeah, maybe this is getting a bit abstract if we don't attempt to apply it to any specific example.. but I have come to question selling strategies in the period of less than a cycle especially for newbies, and surely if someone comes to bitcoin and they already have $100k invested in various assets, and they decide to invest $20k into bitcoin, that person might be in a different position than someone who is DCAing with relatively small amounts over many years.. which is more the topic (or the kinds of examples for this thread).

i know the IDEA of DCA is for total newbies that know nothing should just throw money at a asset forever without thought or concern endlessly.. but reality of investing.. investors should know atleast something about the market they are getting in to ensure they are not buying high and end up having a real world emergency to sell low

Creation and maintenance of a cashflow (or expenses) to cover at least 6 months plus emergencies is a separate question, and more important for newbies as compared with someone who has many different investments in which s/he would be able to draw from if there were emergencies.  Otherwise, yes, DCA in its more pure forum is a somewhat blind and long term investment strategy that continues to buy no matter the price based on budgetary considerations and also maybe until a point of reaching a certain amount of investment into the asset, which could take a whole hell of a lot of time to build an investment portfolio (whether BTC only and/or with other assets) in which it would be justifiable to alter the strategy of strict DCA.

Of course, anyone can learn along the way and to tailor their DCA approach, but I am not going to just assume away that they are learning about an asset merely because they had been DCAing into it, even if the fact that people invest will likely cause them to pay more attention to the asset, but they might not pay enough attention in order to really get to understand it in any kind of way that would justify that they deviate from a more strict DCA approach.

i know the idea of just a standing order set fixed amount per month is like a set monthly pension deposit. but smart investors review their pensions and do change plans mid flow (thats what pension/portfolio managers do)

There are some kinds of benefits (something like pensions) that are not individually manageable, so usually the individual cannot be changing those around.  But something like a 401k or some other retirement benefits might have more options, abilities to select assets and even some of them will have varying terms with some of the assets having low to no fees and others having fees (I guess management fees)... and so a person could DCA into a 401k or an account like that, but they usually cannot DCA into a pension because pensions are based on various aspects that involve wages, time in service, time in grade and maybe some other ways to figure out what the benefits might be at the time that a person might be able to draw from them.. .and maybe sometimes they can transfer their pension to another employer or even more easily to transfer a 401k.. Pensions are way less common these days than they were before the 90s, since in the 90s a lot of 401k plans were either supplementing or even in cases completely replacing pensions.. to the extent that any employees get any of these kinds of benefits in some lower income locations..

[jerry0]

What about when you send the btc to a wallet which also cost fees?  How you use calculate for that?

[Churchillvv]

DCA is an excellent strategy and achieves a good return on investment, but it is not the best strategy for all times.

There are 3 (three) different strategies and more that has been mention in this thread if you have read through or at least a little of the pages, this strategies include (Dollar cost averaging, Buying in the dips and lup sum buying) but the most convenient of all is DCA because of its time management factor, consistency that guarantees no chances of missing out the benefits of Bitcoin and last but not the least, the fact that it allows you to take care of other bills at the same time making investment too.
In this different strategies it all depends on the one that suits you more, if you get income on a salary or wages level you can consider DCA or if you hit your income once in a period you can consider lump sum or buying on the dips.
Nobody said dollar cost averaging is the best at all times but the best compared to other strategies.

What about when you send the btc to a wallet which also cost fees?  How you use calculate for that?

The way to calculate for using the DCA method is by increasing your investment amount maybe if you usually invest $50 for example on a weekly basis you can increase with $1 or more depending on the transaction fee in order to maintain your set amount of accumulation but if you can't afford to pay for this fees you can use exchanges that offer lesser fees but it only requires you patients. though there are transaction accelerators that can increase the speed of your transaction when you pay less fees but at least in all you still have to DCA no matter the circumstances.

[panganib999]

While sites like these are certainly helpful especially for newbies, I would still choose the conventional way at which you execute dollar-cost averaging. Why? Well, apart from the fact that you can't really trust sites like these with your money, another would be that it doesn't instill the same sense of discipline as actual brick and mortar dollar cost averaging, or maybe that's just boomer me. Regardless, if you've found a surefire way to execute your DCA, whether it's assisted or you duked it out yourself, the fact thereof that you're already thinking doing DCA is more than enough reason to actually applaud yourself of what you did. You're already doing more than what half the industry is able to do.

[Catenaccio]

What about when you send the btc to a wallet which also cost fees?  How you use calculate for that?

Wallet costs fee for deposit?

If any wallet charges you a deposit fee, stop using it because it is a crap and greed wallet.

Use open source non custodial wallet, you will not have to pay deposit fee. With good wallets, you will only have to pay on-chain transaction fee when you move your coins on chain and the fee will be paid directly to miners who confirm your transaction.

https://bitcoin.org/en/choose-your-wallet
https://walletscrutiny.com/
https://www.cryptowisser.com/wallets/
https://www.lopp.net/bitcoin-information/recommended-wallets.html

[wallet4bitcoin]

The DCA doesn't need too much lecture or the use of software or any third party. Going the extra mile to do it is part of how to measure the weakness of people as they often depend on external things for everything. Just divide your money into say 10 equal parts and invest at some prevailing time and price of the asset. This is what any primary school pupil could do with ease.

The main goal is for an investor not to miss out on whether the price of an asset will be favourable or advantageous, such a person using the DCA will be able to average their risks of striking the asset through this approach.

The concept of DCA is best delivered manually. I have known it to be manually bought at every stipulated interval than with automated systems. Let the investor take the pains to DCA rather than use system as the downsides might not be welcomed.

DCA was meant to give advantage to an investor to get in at various levels and still break even into profit averagely in the case where the price of the token keeps nuking.

[UchihaSarada]

The concept of DCA is best delivered manually. I have known it to be manually bought at every stipulated interval than with automated systems. Let the investor take the pains to DCA rather than use system as the downsides might not be welcomed.

Compared to other investment methods, DCA is the simplest method and requires the least amount of effort, so doing it yourself is better than relying on automated systems. I think it won't be too time consuming if we already have a specific DCA time level (weekly, monthly,...). In addition, there is another DCA method that I think is also quite effective to consider which is to buy every time Bitcoin price adjusts 10% or more, and will stop buying when Bitcoin breaks the old peak of 69k USD.
DCA in this way may take a little more time watching the market and your patience, but in return your average buying price will be more optimized. Besides, choosing a reasonable time to DCA is also a factor that needs to be considered, for example, from the beginning of 2023 to now is the best time to DCA Bitcoin.

[Maus0728]

Nice website to track your DCA and the prospect that you're getting out of your investments but I'd rather be someone that's doing DCA consistently but not monitoring it day by day, I feel like if I psychologically condition myself to not think about my investment, the temptation to spend them or sell them for a small profit is not going to be present, that way I can just fully focus on investing and nothing more.

I'm tempted to check on my hoard to see the fees but I'm having second thoughts doing so, might make me act up and spend a little, not going to be a good idea as that small spend is going to be a domino effect of small spending until I exhaust that hoard, I'll keep this website in my back pocket just in case.

[snowpega]

I have never used any kind of third-party app, website, or software for doing DCA (Doller-cost-average) even I would never suggest anyone to use applications or websites for doing DCA as these applications are automated and sometimes take undesired entry into the market that you do not want besides that manual dollar cost averaging is the most recommended part as you can take any of the entry whenever you want.

Sometimes you do not want to make any entry in the market and that day you can miss taking entry into the market and you may be waiting for some moments of markets to occur and from that time you can start taking entries again in the market as usual. There may be some other consideration that investors can keep in their mind which is some comfort market zones they can take one to two entries as per day if the market allows them to make more than one entry per day.

[Catenaccio]

I have never used any kind of third-party app, website, or software for doing DCA (Doller-cost-average) even I would never suggest anyone to use applications or websites for doing DCA as these applications are automated and sometimes take undesired entry into the market that you do not want besides that manual dollar cost averaging is the most recommended part as you can take any of the entry whenever you want.

You can use third party websites, tools for estimating your DCA plans and what you can get from it. By input some parameters and get DCA results backward, you can speculate what you might get onwards.

With actual purchases, some exchanges allow you to execute regular purchases with set-up time frame between two purchases. I don't know how many people like and use it because personally I see very little demand to use it. It's always easy to login my account and make a purchase for DCA.

How to Use Recurring Buy?

[bettercrypto]

DCA is actually something even newbies entering the field of cryptocurrency can do if they immediately decide to buy Bitcoin or other cryptocurrencies they want, because DCA is actually not difficult to do. You will only accumulate bitcoin little by little when you have extra money for it.

And it is also an advantage when an individual investor has a large source of income, especially if he has several businesses managed in the traditional business industry. And most of all this is easy also for the rich person who are open for this kind of investment in Bitcoin.

[Ultegra134]

I wasn't aware of the website; it's a useful simplification of the DCA method. In any case, Excel works too; along with a few functions, it can even provide statistical analysis. The DCA method is generally pretty straightforward, just like EarnOnVictor already mentioned. Despite that, it's still a decent and informative tool.

I'd just like to add that, as Franky1 mentioned, the DCA method can be "modified" by adjusting your investment amounts depending on Bitcoin's price. Early 2022, for instance, was a great accumulation period; I wish I had taken more advantage of it.

[leonair]

DCA not require amy specific exchange or any introduction you just follow the DCA strategy and set the target for every weeks or month. and always invest such amount of money which amount you afford to hold for long term. then you will be success in the holding amd DCA will minimize your risk of investment

[WatChe]

I wasn't aware of the website; it's a useful simplification of the DCA method. In any case, Excel works too; along with a few functions, it can even provide statistical analysis. The DCA method is generally pretty straightforward, just like EarnOnVictor already mentioned. Despite that, it's still a decent and informative tool.

I'd just like to add that, as Franky1 mentioned, the DCA method can be "modified" by adjusting your investment amounts depending on Bitcoin's price. Early 2022, for instance, was a great accumulation period; I wish I had taken more advantage of it.

These tools are great way to see results of previous DCA. Like you can see how much is ROI if I invested 100$ into Bitcoin every week for 5 years and based on results one can adjust his strategy for future investment. How effective is DCA, one can see that from these websites.

Forget about early 2022, its early 2024 now and if you are in Bitcoin since 2022 then you must have necessary knowledge that can tell you how to gather Bitcoin now. It's never too late to buy Bitcoin.   

[Ultegra134]

These tools are great way to see results of previous DCA. Like you can see how much is ROI if I invested 100$ into Bitcoin every week for 5 years and based on results one can adjust his strategy for future investment. How effective is DCA, one can see that from these websites.

Forget about early 2022, its early 2024 now and if you are in Bitcoin since 2022 then you must have necessary knowledge that can tell you how to gather Bitcoin now. It's never too late to buy Bitcoin.   

You're right, indeed. It's a great tool to analyse past DCA investments, I was actually wondering what my current average purchase price is, after over 3 years of accumulating Bitcoin. It used to be at approximately $28,000, but it's been over a year since I last calculated it.

It's never too late to purchase, however, some periods are better than others. One thing is certain though, Bitcoin's value will keep rising, so we better acquire as much as we can now.

[The Cryptovator]

However, investing for a long time and trading aren't the same. So for those we are trading, we do not often follow the DCA. No doubt, DCA is the best way to build our portfolio. We can get a high return once a year if we can hold it for a long time. DCA seems like traditional Bank DPS system, but Bitcoin DCA investing return would high. For newbies and middle-class families, it's hard to invest a large amount at once. So the DCA is the best way for them. It doesn't mean we can't follow, but it depends on our goals. 

[oktana]

DCA has always been a great way to make investments in crypto. Anyway, The importance I see with this tool is that it shows you what you’d have made so helpfully you now make the move and do the necessary investment you should have done in the first place. If you’re trying to bring someone into crypto from the grounds that they can make money holding them this is a great tool to convince them.

[Catenaccio]

DCA not require amy specific exchange or any introduction you just follow the DCA strategy and set the target for every weeks or month. and always invest such amount of money which amount you afford to hold for long term. then you will be success in the holding amd DCA will minimize your risk of investment

Investors actually need exchanges to purchase bitcoins because other options like Person to Person trade is risky without Escrow. You will have safer purchasing experience when buying on a centralized exchanges if you are not familiar with Peer-to-Peer trade.

DCA in theory can be applied with scheduled regular purchases  like daily, weekly, monthly or quarterly but if you can not afford your capital to do regular purchase, you can simply accumulate bitcoin when you have free capital.

However, investing for a long time and trading aren't the same. So for those we are trading, we do not often follow the DCA.

Investing and trading are different and people must store their fund for trading and for investing in different accounts, wallets. If they store two capitals for investing and trading in a same account, they will not control their activities well and no longer be able to be investor, but change to be a trader.

No doubt, DCA is the best way to build our portfolio. We can get a high return once a year if we can hold it for a long time.

With DCA, we spend little of our money to purchase bitcoin each time but with time, after a while like one year, two years, we will be shocked when look at our portfolio and see how much money we already spent for our Bitcoin investment.

[EarnOnVictor]

DCA not require amy specific exchange or any introduction you just follow the DCA strategy and set the target for every weeks or month. and always invest such amount of money which amount you afford to hold for long term. then you will be success in the holding amd DCA will minimize your risk of investment

Thank you for this, going external is not just necessary in DCA. In my last reply here, I warned people a lot about this, and this is the reason why people are being scammed easily, they are too lazy to know what to do and do it rightly without involving other parties even as it is very simple to do. Instead, they only look for the software, apps, websites or even individuals and social media handles to tell them what to do. No wonder a lot was swindled with their money with unproductive tools in the past when it came to trading and investment. If at all, I know of some people who wanted over $2,500 in the purchase of some trading/investment systems that later proved to be useless.

We should be wise, the DCA is not what was just known during the cryptocurrency era, it has been known and utilized centuries ago with diverse assets. If they've been using it effectively and successfully to earn and avoid missing out on opportunities then without any hassle, is it this time that it becomes a complex issue?

It's simply about knowing your asset and dividing the capital you want to invest into equal parts (I love the 10 equal parts, which are also the commonest). Then invest each part per period, which could be daily, weekly, or monthly in most cases depending on the asset and your goal towards it. Is that not simple enough? Why use an external app/website for it again? People just can't stop to surprise me.