Who's not been on a bit of a rollercoaster lately - not at an amusement park, but in the world of investing? It's got me thinking about how our emotions play puppeteer with our financial decisions. Are we unwittingly sabotaging our own success?
Picture this: The market's abuzz with excitement. Bitcoin is climbing. Everyone's talking about the next ATH, and before we know it, we're all in.
But suddenly then the market takes a nosedive, and panic sets in. We panic sell. Then prices rebound, leaving us kicking ourself. Sound familiar?
This emotional tug-of-war isn't just frustrating - it's downright exhausting. We buy high on a wave of optimism, sell low in a fit of fear, and then wrestle with regret as we watch from the sidelines. It's like we're stuck in a loop, always one step behind where we want to be.
Now, even if we don't sell, and have the patience to wait. The wait is so agonizing that we tend to sell when we are finally in the green. Only to see it climb even higher.
I am looking at my $HIVE stash. Would I sell when it hit back 30 cents? Or wait till it becomes $1 some day? Or have patience for it to reach ATH of $3? I need to look at this investment with a clear mind.
Indeed, it takes a clear mind to remind oneself that investing is a marathon, not a sprint. Our emotions might want to lead the race, but it's our rational mind that should be setting the pace.
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