Dollar cost averaging BTC - Daily or Weekly #3
Photo by Ewan Kennedy on Unsplash
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.
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Week three of this and man it has made me keep track of BTC price more than before. This week BTC took another run towards 100k CDN and 60K USD.
7 Daily Buys
The price of Bitcoin this week went up 10k this week with very few dips in the price. We still didn't hit the all-time high but after the next dip we may see a run towards 80k
| Day | BTC Price | BTC Bought |
|---|---|---|
| March 5th | 63,311.17 | 0.00003159 |
| March 6th | 62,015.50 | 0.00003225 |
| March 7th | 64,578.62 | 0.00003097 |
| March 8th | 65,811.12 | 0.00003039 |
| March 9th | 69,324.09 | 0.00002885 |
| March 10th | 72,202.16 | 0.00002770 |
| March 11th | 72,098.05 | 0.00002774 |
| The total over the 7 days was 0.00020949 making for a total of 0.00001983 less BTC than last week. This still makes for a total over the first week and a 3 week total of 0.00064725 BTC bought. | ||
| Last Week |
14 Dollar Buy
Buying on the 7th day of the week has been up and down with last week buying a couple hundred more sats.
| Day | BTC Price | BTC Bought |
|---|---|---|
| 7 | 63,188.30 | 0.00022156 |
| 14 | 61,703.90 | 0.00022689 |
| 21 | 72,697.06 | 0.00019258 |
As you can see over the first 2 weeks the price of BTC was pretty steady but this rally has pushed the total BTC bought to only 0.00019258. This makes for a total of 0.00064103 and 622 sats less than the 3 week daily buys.
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All prices are in Canadian dollars.
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Not Financial Advice
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