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Thomas
@aviationdoctor.eth
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
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Patricio Worthalter
@worthalter
You are simply buying at this price. Any day you didn’t sell your ETH, you decided buying it.
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Thomas
@aviationdoctor.eth
Yes! That’s exactly the cognitive dissonance I was referring to. Somehow, “not selling” and “buying” are functionally identical, yet feel different.
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Patricio Worthalter
@worthalter
You can remove the dissonance by applying the regret minimization framework.
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Thomas
@aviationdoctor.eth
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
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