What if you started DCA into Bitcoin in the 2022 crypto winter?
You started dollar-cost averaging 300,000 won every month into Bitcoin in early 2022, as the crypto winter began. See what that would have looked like with real data. It is a prime example of an extremely volatile asset, running through both a severe crash and a later rebound.
Investment conditions
Asset · Bitcoin (BTC-USD)
Method · Recurring monthly investment
Period · 2022-01-01 ~ 2026-07-01
Amount · $222 / month
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-49.1%
Largest drop from peak
Longest loss period
11months
Months in loss: 13
Recovery period
0months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $12,222 → Final value $17,573 (+43.8%), Maximum drawdown (MDD) -49.1%
Why this period and asset
The year 2022 is often called the crypto winter. Bitcoin, which hit an all-time high in November 2021, fell sharply through 2022 amid rate hikes and a cascade of collapses among coins and exchanges, recording a substantial decline from its peak. This scenario starts investing in early 2022 as that decline took hold, running through both a severe crash and the 2023-2024 rebound. As in prior periods, Bitcoin's swings are far larger than those of other assets, and that is on full display here.
Interpreting the result
This scenario shows what happens when you invest in an extremely volatile asset from the start of a decline. Be sure to check the maximum drawdown, underwater period, and recovery time on the results screen. Bitcoin's drawdowns are far deeper than those of other assets, so if you kept investing, purchases continued even at very low prices, potentially lowering your average cost substantially. But that was because a rebound came; whether or when that rebound would arrive was unknowable during the decline. You can compare stopping versus continuing during the decline under the same conditions.
Caveats & limits
Bitcoin is extremely volatile and can suffer declines far deeper and longer than other assets. There is no guarantee that past rebounds will repeat, and a long stretch of weakness without recovery cannot be ruled out. It also carries unique uncertainties such as regulatory change and exchange risk. As a foreign asset, USD/KRW rates affect won-denominated returns, and trading costs and taxes flow into results too. This page does not recommend buying any specific asset, and you should be mindful of risk beyond what you can bear.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-23
- Effective trading date: 2026-07-01
- Price basis: 复权收盘价(已反映股息与拆股)
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Is it right to keep buying even after a crash like the crypto winter?
This page does not recommend buying. Monthly investing accumulates more units at low prices, so the effect can be large in a rebound, but there is no guarantee a rebound will come. Bitcoin can have very deep drawdowns and long underwater periods, so be sure to check the maximum drawdown on the results screen and judge for yourself whether the risk is bearable.
What if you had stopped investing during the decline?
Stopping could have meant missing the chance to accumulate at very low prices; conversely, if the drop deepened, you might have avoided further losses. Because Bitcoin is extremely volatile, outcomes can differ greatly. Try comparing continued versus stopped under the same conditions.
Does high volatility make monthly investing advantageous?
High volatility can create room to lower your average cost at the bottom, but it also means the underwater period and drawdown can be extreme. Monthly investing only spreads out timing; it does not remove losses, and recovery is not guaranteed. Be sure to check the maximum drawdown and recovery time together.
Related scenarios
📋 结果基于历史数据计算,过去的收益不代表未来的收益。
📋 本服务旨在帮助理解投资、供教育之用,并非投资建议。