That only matters if you’re selling right now. You bought near a top, and you’re comparing to right now in a sizeable drawdown from a grind year in a terrible macro backdrop..
Anyone who buys near a cycle top has to wait. But at least the hype got them on the train, because they do reap the rewards. People who bought like you but in 2017 had to wait 3 years just to “break even”. But now they’re happy af that they bought. It’s the same for every hodler.
Those massive gains you fomo on only apply to
- the few that timed it from sheer luck (don’t ignore how big those downsides were and how many got wiped out)
- or the many that raised their time preference and just kept holding through the downtime to the next leg up
A loss only occurs when you sell. So just don’t sell and don’t worry.
Your time will come and you’ll be thankful you didn’t let emotions shake you out of the market.
Raise your time preference, don’t even worry about the price. Soon you’ll have first cyclers accusing you of having it too easy the next time around.
