3 ms·
You can get over that feeling very quickly by reminding yourself to focus on what you might be missing out on today that you don't want to regret in years from
by nikcub 9y ago
You can get over that feeling very quickly by reminding yourself to focus on what you might be missing out on today that you don't want to regret in years from now.
- matt4077 9y agoOr, alternatively, by remembering the efficient market hypothesis. And going for ice cream with someone you like.
- thatcat 9y agoThat would be good consolation, but EMH doesn't really apply to emerging markets due to the large information gap about the market. So if you were part of the informed population and thought it was a good investment, but didn't follow through it's still pretty hard to not feel like you made a costly mistake.
- paulpauper 9y agoIt's annoying when ppl try to dull the pain of regret with statements like that. You're right but it's not helpful in practice. Bitcin turned anyone who bought even just a few dollars of it in 2009-2010 and held, rich And those who bought $1000s if it in 2011 into millionaires. This may be is the greatest gain of any tradeable instrument in the history of civilization. You can't find those kind of returns anywhere else, short of investing in the next Uber or Facebook but those were private ventures and unlike Bitcoin not open to the public. Selling 1000 books on amazon for $8, although virtually possible for ordinary people to d, is like a piddly 3 bitcoins that any fool could have bought have bought in 2012. Goes to show how capital beats labor. To get rich, look for things that will go up and put your money in it early. Easier said than done, but the returns are astronomical when you get it right.
- dghughes 9y agoEthereum.
- dghughes 9y agoIf only I had taken my own advice :(