3 ms·
If you gain little by selling it, sell it. If you gain a lot (like say, you bought it when it was at 2k), hodl it.
by fakedang 6y ago
If you gain little by selling it, sell it. If you gain a lot (like say, you bought it when it was at 2k), hodl it.
- lxgr 6y agoHow can the value (even subjective) of a commodity vary depending on the buy-in price?
- conformist 6y agoExactly, this is likely a logical fallacy. In particular, how can your expectation of the future value minus the current value depend on your buy-in price? That's a property a prediction should not have.
- fakedang 6y agoI wasn't optimizing for value. I was optimizing for contentment. If you are worrying about the value of an asset at a particular moment, and even mildly thinking of selling it, spare yourself the worrying. If you bought in at a high price, and you are going to sell it now, it will still be a small profit. If you bought in at a low price before, you can likely afford to wait. Even if the value goes down, you will still have made a profit. But thinking this way gets the worrying part of taking such a speculative decision out of the way.