Posts

Dollar cost averaging BTC - Daily or Weekly #5

avatar of @skylinebuds
25
@skylinebuds
·
0 views
·
2 min read

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.

7 Daily Buys

Bitcoin dropped almost 10k during the week,

DayBTC PriceBTC Bought
March 19th74,487.890.00002685
March 20th75,131.480.00002662
March 21th73,019.350.00002739
March 22th70,771.400.00002826
March 23th70,052.530.00002855
March 24th69,662.130.00002871
March 25th66,666.660.00003000

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

Last Week

14 Dollar Buy

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.

DayBTC PriceBTC Bought
Febuary 25th63,188.300.00022156
March 4th61,703.900.00022689
March 11th72,697.060.00019258
March 18th73,080.330.00019157
March 23rd69,098.260.00020261

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

make sure to follow for more cannabis and who knows what content!

Buy crypto in Canada with e-transfer Shake Pay