Bitcoin Average Cost Calculator
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Why Calculate Your Average Bitcoin Cost?
Knowing your average Bitcoin purchase price is crucial for:
- Understanding your overall position and investment performance
- Making informed decisions about future purchases
- Tax planning and record keeping
- Setting realistic profit targets
What is Bitcoin Dollar Cost Averaging (DCA)?
Dollar Cost Averaging (DCA) is an investment strategy where you buy a fixed dollar amount of Bitcoin at regular intervals, regardless of the price. This helps reduce the impact of volatility and removes the stress of trying to time the market.