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As with any volatile investment you should get out when you are ahead, or in need of the money. You may lose out on further gains but the likelihood of another
by godzillabrennus 11y ago
As with any volatile investment you should get out when you are ahead, or in need of the money. You may lose out on further gains but the likelihood of another crash is high. It's better to win than lose.
- aianus 11y ago> It's better to win than lose. Mathematically that's just not true. In objective terms not winning an extra $100 is exactly the same as losing $100. This psychological fallacy (called 'loss aversion') is the primary reason the average player loses at poker. They're afraid of losing $100 when they might be behind but they constantly fail to extract that extra $100 value bet when they know they're likely ahead.