Dollar Cost Averaging with costavg.com include exchange fee

[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.

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[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.