Dollar cost averaging BTC - Daily or Weekly #4
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.
Source
Week number 4 coming a few days late but the buys have all been done at the same time as the weeks before being they are set up to auto-buy.
Bitcoin had taken a huge rally up last weekend from Thursday to Sunday it went up about 8k Canadian push the ATH closer to 100k.
| Day | BTC Price | BTC Bought |
|---|---|---|
| March 12th | 71,864.89 | 0.00002783 |
| March 13th | 76,834.42 | 0.00002603 |
| March 14th | 75,728.89 | 0.00002641 |
| March 15th | 71,556.35 | 0.00002795 |
| March 16th | 70,221.71 | 0.00002848 |
| March 17th | 72,780.20 | 0.00002748 |
| March 18th | 72,727.27 | 0.00002750 |
The total over 7 days being 0.00019168 BTC it was a little less than last week. 0.00001781 BTC Over the last 2 weeks it had been about 1800 less SATS so you can see buying them dips in a bull run could pay off.
I decided that it would be best to buy the BTC on the 7th day to fully compare the final amount.
| Day | BTC Price | BTC Bought |
|---|---|---|
| Febuary 25th | 63,188.30 | 0.00022156 |
| March 4th | 61,703.90 | 0.00022689 |
| March 11th | 72,697.06 | 0.00019258 |
| March 18th | 73,080.33 | 0.00019157 |
I am actually shocked after the run BTC had that it was not much lower than only 101 Sats difference in total. The price difference was only around $400. This Tabel shows that we have gone up 10,000 Canadian over the last month, This is great for people wow have been buying in slowly or the dips cause you will be in the plus just for holding.
- All prices are in Canadian dollars.
- Not Financial Advice
