I spoke to a financial advisor once.
I asked him,
"Why do you have to work for a living?" 😂
Discussion
If they are good it's because they know cash flow is more important.
It's even more important on a Bitcoin standard.
Your Bitcoin will not make more Bitcoin.
Sell at the peak and buy the dip 3 months later.
Yes, I said the thing that nobody says 😱
How do you know when it's the peak... Everytime?
Peak is almost impossible to know, 100% of people get it wrong. Just get as close as you can and don't beat yourself up about it.
Dips are much easier.
I ask because any financial strategy needs to be consistent enough to work through the lows and highs, and that includes human emotions. Short of a few lucky strings of good timing for short term gains, I've never seen anything a trading strategy beat the slow turtle long term strategy of a systematic investment plan (DCA).
I'm not talking about trading.
Trading is a competition, the chances of you beating the competition are about as likely as winning Wimbledon on your fist attempt at playing tennis.
I'm referring to the 4 year known cycle ATH which always overreaches before crashing dramatically, then recovers slowly to a new mid price.
The ATH tends to happen 500 days after the halving (Sept 2nd), but can be anytime before the end of this year.
🎯
🤣
Because they don't play with their money.
They don't trust themself enough for that.
Like any bank do with people money.
A financial adviser came my House once. Not only could he not convince me to take out a policy that made no sense, but I had to Carry him to his car because his back went into spasm as he rose to leave. Not one of his better days.