RE: What is your backup plan? | ENG - ESP | ¿Cuál es su plan de respaldo?
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I'm having for every asset one plan, which I like to stick to it. Plan B leads to excuses, which I can't accept.
If I reach a target on an asset, I start taking profit till the investment is recovered and after that is only growth mode on. I forget that I have the asset. Also have a 3 months fund for emergency, which I plan to extend to 6 months this year.
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Well, I think you miss understood me here. When I say having a backup plan in this article, I was referring to having another source of income different from the crypto industry.
The backup plan isn't about having a backup plan for if one of your coins fails, it is about having another option if the whole crypto industry fails or collapses.
Well, I understood you. I meant, that try to reach a target and after that get the investment out, to use it on another source of income. :)
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now i understand you better . thanks for the insight