To go all in or DCA in Hive? Let's calculate it using this app.
Investing in crypto is hard.
Don't make it harder by wild guessing.
One question I always grapple with is whether to go all in or DCA in Hive?
Let's calculate it using this small app that I made. This is the link https://cryptothesis.github.io/apr/.
This app takes in the principal amount, APY (%) and DCA amount, and plots a graph for 12 months of accumulation.
The setting above is for 0 principal sum, 8% APY, and a DCA of 100 per month. By the end of 12 months, the accumulated amount would be 1244.99.
The setting above is for 1200 principal sum, 8% APY, and a DCA of 0 per month. By the end of 12 months, the accumulated amount would be 1299.60.
Supposed we are talking about Hive quantities here, the difference between DCA and all-in at the start would be 54.61 Hive. at 8% APY.
P/S: APY of 8% per annum is what I estimate assuming you are at least writing and curating regularly.
For every 1200 Hive invested up front, we get 54.61 Hive as the annual yield.
Hard to say if that is a good strategy to go all in at once as Hive prices could go higher or lower. It's hard to say.
To me it depends on my 'bet' on what the market looks like over the next 12 months, as always.
At least the calculations gave me some sense of the impact, so that I am acting with information and not just wild guessing.
If you have further thoughts, I love to hear them!
If you want a more sophisticated app, check this out.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @jacoalberts and @youngkedar98!
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