BEHOLD!
The seemingly infinite liquidity that is the crypto market.
Seller's remorse happens when a homeowner decides it was a mistake to list their home for sale and no longer has a desire to sell. This is particularly the case when they didn't have a strong reason for selling.
Seller's remorse is an emotion that makes people go on major tilt. Strong cousins with FOMO, Seller's Remorse will usually cause us to make an emotional decision that may lose us a bunch of money. In the case of real estate seller's remorse can lead to backing out of a deal and incurring huge fees and possible legal action.
2021 will be the year of so much sellers remorse. How many of us dumped our Uniswap airdrop only for it to drop to a very predictable low of $2... and then the not-so predictable x10 afterwards?
There are huge sell walls for Hive at 20 cents. Something tells me once this liquidity is gone it's not going to reenter the market for a while. Very much expecting the chain-reaction snowball to hit of a mooning Hive price to greatly incentivize powering up. After 3 years of negative feedback loop, we are about to flip positive. We'll thank Bitcoin later after we're not so damn jealous.
Every time I've sold LEO I have regretted it.
It's somewhat of a running joke that I'll jump in to say,
"Give me my tokens back!"
When I was in 5th grade, kids started playing with POGs.
Stack um up and knock em down!
POGs! The gambling game for kids!
You stack up a pile of these collectable "milk caps" and the kiddies take turns throwing the Slammer at the stack and trying to flip em over. Whatever gets flipped is yours!
Oh, the drama!
Because there is always that one kid that loses the gamble and is so upset they demand all their POGs back and goes running to teacher, ruining it for everyone. You're not making any friends that way, Kevin!
This is why we can't have nice things!
I never played POGs, but I did get exposed to Magic the Gathering the same year and that has a gambling ante aspect as well. Always fun to have your $300 deck thrown in the garbage because it's "satanic" and "inspires violence" and whatnot. The future is leaving the Baby Boomers behind. They could barley understand email. Crypto is too much.
Coulda, woulda, shoulda!
The point is that REGRET seems to be a very common theme when interacting with systems of gains and losses. There will always be a better play in retrospect, which is exactly why it's not usually healthy to dwell on the past. The only productive speculation we can do is centered around the future.
We can learn from the past, but we can't change it.
Taking losses is one of the hardest things to do when making trades. Take the loss, free up the liquidity, and put the money to better use (if possible).
The tendency is to hang onto a trade until it's in the green, sometimes to the point of doubling down on a bad bet (aka cost averaging down). Many have felt this way with Hive over the last 3 years. Will the broken rocket ever get fixed? Is it even broken or just waiting for gas?
Don't know; don't care.
The way to avoid regret in crypto is to have a balanced portfolio so that we aren't relying on the one thing to take us to MoonCastle. Don't put all the eggs in one basket.
All roads lead to moon.
https://peakd.com/bitcoin/@edicted/bitcoin-is-the-anchor
I have documented proof right here on chain that I knew Bitcoin was the anchor of this ship on Oct 19, 2018. So did I take my own advice and load up on Bitcoin to limit my risk?
Hell no!
I stacked all the riskiest garbage and got wrecked like everyone else. Such greed! Much wow!
And now we've all been trained.
The fear of the crypto Gods has been engrained in our blood, and now all of that training is totally useless during this next bull cycle.
In fact, as Andreas Antonopoulos would say: The training we received is less than useless. Because it will cause us to make decisions that are 100% counter productive.
Conclusion
Hodling during a bear-market and hodling during a bull-market are two completely separate skills. Don't confuse the two. Winners tilt is just as bad as losers tilt (maybe worse because we don't see it coming).
Made it this far: might as well hold to the end of the year. I expect the 4-year cycle to continue to amaze. No Ragrets.
Posted Using LeoFinance Beta
Return from Seller's Remorse to edicted's Web3 Blog
