EthFinance

Help me navigate the cognitive dissonance here

I wouldn’t buy at this price

Yet I wouldn’t sell either, which implies that I’m bullish on price and not expecting any imminent opportunity to buy much lower

Opportunity cost still feels cognitively different from using fresh gunpowder directly

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

You are simply buying at this price. Any day you didn’t sell your ETH, you decided buying it.

Yes! That’s exactly the cognitive dissonance I was referring to. Somehow, “not selling” and “buying” are functionally identical, yet feel different.

There is no dissonance I believe.

Maybe you feel that you have the right level or risk exposure in ETH. You don't want more, you don't want less.

Also, I don't think the perceived right level of risk exposure is based on your percentage. Instead you are more willing to risk the profit.

I think you’re right, and your point is consistent with @solvindochvatten’s in this same thread.

I think you’re right, and your point is consistent with @solvindochvatten’s in this same thread. 

https://warpcast.com/solvindochvatten/0x5a7f0a3e

I disagree.  Not buying or selling makes perfect sense when you have already bought and think the probability of going higher is worth staying invested (not selling) but not worth adding to your investment.  There is no dissonance.

That’s great advice. I can handle an unrealized loss while holding a bag much better than I can handle selling too early and watching the asset rocket away from me.

So the path to least regret is to not sell

You can remove the dissonance by applying the regret minimization framework.