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.

[1714602994]

1714602994

[1714602994]

1714602994

[1714602994]

1714602994

[1714602994]

1714602994

[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.