Dollar cost averaging BTC - Daily or Weekly #5
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 5, The price took a dive day by day all week.
Bitcoin dropped almost 10k during the week,
Day | BTC Price | BTC Bought |
---|---|---|
March 19th | 74,487.89 | 0.00002685 |
March 20th | 75,131.48 | 0.00002662 |
March 21th | 73,019.35 | 0.00002739 |
March 22th | 70,771.40 | 0.00002826 |
March 23th | 70,052.53 | 0.00002855 |
March 24th | 69,662.13 | 0.00002871 |
March 25th | 66,666.66 | 0.00003000 |
The total over 7 days being 0.00019638 this made for 500 sats than last week. This week buying all on day 7 would have been best but it is not every week it dumps 10k
This week I thought BTC was dumping on Tuesday and going to make a run again the next day and I was wrong. I bought Tuesday on this thought and the price was cheaper on Thursday.
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 |
March 23rd | 69,098.26 | 0.00020261 |
If you look at the last day on the daily buy you will see I could have bought for 3k less but at 66,666 but at 69k I was able to still get more than last week.
- All prices are in Canadian dollars.
- Not Financial Advice
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