The Coin That Got Away

If you've been investing in crypto for a while, I'm sure you also have this- the one coin that got away.

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It may be an ICO coin or token, or something bought at a very low price and was sold too soon. It may be a currency you were eyeing to buy, but never got around to actually buying. Or it may be a coin you actually bought, but somehow cannot access, private keys lost, ledger nano missing, wallet in an inaccessible place.

We can have the tendency to hold on to the thought of this one perfect coin that could have made a world of difference.

We think we've moved on, but from time to time this coin will cross our minds when we least expect it. We again go back to our "what if's" and "if only's". We fantasize of a seemingly perfect future had we made a different call.

What were we thinking selling too early? Why didn't I keep multiple copies of the private key? Why did I ever use a hard wallet anyway? Is it too late to buy back this coin?

We are nothing short of romanticizing the coin. The one coin that got away.

We forget that these thoughts, these emotions, are after the fact.

Whenever we have the urge to look back with longing on the coin that got away, we may also want to remind ourselves of the reason why we let go, or perhaps didn't take the leap of faith and got it, in the first place.

Had the coin moved the other way, as I'm sure many of the other coins you once held did, would you be having the same feelings? Of course not! Again, the regrets felt are after the fact that the coin moved up.

I'm pretty sure it was a rational call. A FUD maybe, a huge sell wall, a different promising coin, these are but some of the reasons that may have gotten us into thinking- better secure a comfortable gain now than risk being in a losing position.

And this is ok. I have recently had an appreciation to having an ACTUAL comfortable gain now, than an IDEA of a mindblowing one in the future.

I've heard and read this frequently from many seasoned investors and traders- Your mental and emotional health is just as important as your portfolio. Past decisions that we classify in our minds as bad ones, can actually have a negative impact in making us be better in our trades.