A and B jointly invest $10,000 in the Crypto market. Both have living expenses of $1000/month.
A entered the market earlier so he could buy $BTC at the price of $20k. B comes in later so buy at $25k.
When Bitcoin increased to $100k, both decided to take 80% profit and keep 20%.
A takes a profit of $40k, keeping the market $10k. A gets 40 months of living expenses.
B takes profit of $32k, keeping the market $8k. B gets 32 months of living expenses.
Is there a big difference between someone with $40k and someone with $32k? Is there anything that someone with $40k in assets can do that someone with $32k in assets cannot do?
THE ANSWER IS NO BIG DIFFERENCE AT ALL.
So, don't waste time and effort focusing on things that don't make a life-changing difference.
Instead of trying to 'timing' to predict peaks and troughs, this stage should focus on DCA, and most importantly 'Setting personal financial goals'.
Because the most important signal used to Take Profit is each person's financial goal, not technical analysis, ptcb, peak or bottom...
