Let's assume you are heavily invested in crypto, and now that amount turns into a life chaning amount, or amount that you wouldn't have to work for an hour anymore for your entire life.
Do you have plans for taking profit and secured that retirement ready money? Or you would wait until it become some fatFIRE level wealth?
If you do have plans for exiting, ie: taking profits, what is your plan? DCA out with a percent value? Constant Value? All out at once?
Personally, my plan is to DCA out 1% every month for 5 years, so that means at the end of 60 months, I'll have around 54.7% crypto left. (Math: 0.9960)
As I dca out, the price changes too, so 5 years later the amount i took profit are more than enough for my retirement lifestlye, (assuming crypto price trending up in that 5 years), then maybe I'll adjust my withdrawal rate to something like 0.5~0.8%
If the price went down as I dca out, (crypto price went down in that 5 year time frame, and my dca out average price is higher than price at the end of 5 years period), then maybe I will consider to dca back into it
What's your plan?
[link] [comments]
![Get BONUS $200 for FREE! Get BONUS $200 for FREE!](/img/socialgood3.jpg)
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments