If you have been following from last week you know I was starting a 12 week(subject to longer) comparison if buying daily vs buying weekly was a better idea when it came to buying BTC or Crypto.
This past week has been an up and down week for the price for the crypto market so let's see if that has helped on the daily buys.
>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
7 Daily Buys
I know some people might think what's the point in buying in daily with only $2 but the thing about [Shakepay is they allow me to e-transfer funds and set up a recurring buy with only about 1 cent in fees for a $2 buy. ( This is Canadian only) This is much better than the 99 cents Coinbase charges for every transaction.
This makes for the total BTC amount of 0.00022932 over the course of 7 days. This was about 2000 sats over what I was able to buy last week. Had I bought the whole $14 on the 10th day I would have ended up with more so seems timed buys if timed right might be better.
14 Dollar Buy
I decided that it would be best to buy the BTC on the 7th day to fully compare the final amount. Do this has not allowed for the best buying price yet but that's why we are going to compare it over 12 weeks.
As you can see the 14th day BTC was at a lower price than last week so I was able to buy around 500 more sats.
Conclusion
Compared to last week's buys the daily buy of $2 was able to net more BTC than the weekly buy on the 14th day.
