People who use the highest price as their yardstick will always feel like they’re losing.
The coin once rose to that price, so you decide that’s its true value.
Now it’s 30% cheaper, and all you see is a 30% loss.
But that peak price lasted only a few days, at most.
You’re using a few days at the peak to measure all the days that followed.
With the wrong yardstick, everything looks like a loss.
The coin once rose to that price, so you decide that’s its true value.
Now it’s 30% cheaper, and all you see is a 30% loss.
But that peak price lasted only a few days, at most.
You’re using a few days at the peak to measure all the days that followed.
With the wrong yardstick, everything looks like a loss.