$BTC

What is the break-even point in Crypto? Understand it clearly to invest without being 'vague'!

'Break-even Point' – The break-even point is the average price at which you bought a coin. At this point, if you sell, you neither lose nor gain.

For example:

• You buy BTC 3 times:

• 1 time 10 million VND at the price of $30,000

• 1 time 5 million VND at the price of $32,000

• 1 time 5 million VND at the price of $34,000

=> Total capital: 20 million VND

=> Average break-even price: about $31,750

If the price of BTC rises above $31,750, you start to profit.

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Why is knowing the break-even point so important?

• Avoid FOMO – Losing while thinking you're gaining

The market turns green, everyone shouts 'take profit', but if the price hasn't surpassed the break-even point, you're still at a loss.

• Confident decision-making

Knowing exactly where you stand helps you be bolder when DCA-ing, or more patient when waiting to take profit.

• More effective investment strategy

Understanding the break-even point allows you to allocate capital more wisely, avoiding mistimed DCA – especially when the market is highly volatile.

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Easily track the break-even point

• Google Sheets: Customizable, flexible, suitable if you invest in multiple types of coins.

• Portfolio tracking apps:

• CoinStats

• Delta

• CoinMarketCap Portfolio

These apps will automatically calculate the average price and clearly display profits/losses over time.

• Note: Don't forget to add transaction fees and deposit/withdrawal fees to get a more accurate number!

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In conclusion:

'Knowing where you stand allows you to know when to advance or retreat.'

The break-even point won't make you rich immediately, but it helps you invest wisely – and safely.