3 ms·
The key to managing this FOMO for me is really committing emotionally to the concept of hindsight bias. We remember the winners we missed way more than the los
by snowwrestler 6y ago
The key to managing this FOMO for me is really committing emotionally to the concept of hindsight bias.
We remember the winners we missed way more than the losers, because the winners are still present in our lives today, whereas the losers never became noteworthy (because they lost).
But it’s extremely difficult to tell them apart ahead of time. So current me needs to give past me a pass... past me failed at something that is very difficult; no shame in that. Wistful regret, maybe, in a “what if...” kind of way, but I think everyone has those in their life, and not just about money.
- skulk 6y agoA mental exercise I do to manage FOMO is to try and remember duds that I pondered might be the next BTC. Admittedly, it's hard because the brain really tries to forget about those. Keeping a diary is probably the key here.
- Sohcahtoa82 6y agoAnd then you get the ones like Dogecoin that were supposed to be a dud, and it's still around more than 5 years later and just had a massive spike today until RH decided to restrict the use of instant deposits to buy it. Can't have the poors making money!
- sosuke 6y agoI have this unsupported idea that after I get a win I won't be as hard on myself for past errors. Like the 3 BTC I had to sell when it was at $3k.