I used to love the Deal or no deal game show when it came out yeeaaaaaars ago, until I got bored of Noel Edmunds and those suspicious eyes of his
For anyone who hasn't seen it .... go away!!, no for anyone who hasn't seen you got 22 (i think) schmucks (contestants) who all have a box with a surprising amount in there anything from 1 p to 250,000 then 1 by one other people open their boxes so you know whats not in your box, and the chances of getting something good in your box dwindle or improve as the game goes on until you get to the end and there are two boxes left and you can either keep your box or swap it for somebody else's. All the way throughout the game getting mysterious calls from a man sat in his pants (i presumed) making you an offer for your box and then you decided to 'deal or no deal' and take the cash or keep what's in your box?.
Right, understand? no ? well you should have watched it then shouldn't you, it was bloody awesome!
Anyway my point being, you could easily go with a life-changing sum of money or nothing, or normally if you made a deal you could get at least something half decent, but even when you won some money, there was always the thing of, ah if you'd have dealt then you'd have got 5 k more than if you got in your box or you made a deal for 30,000 but if you opened your box you'd have got 50,000.
Used to think people always lost a lot more than they won because there was always the feeling of didn't win enough, could have won more.
I feel for me as an amateur, whenever I trade my bitcoin its the same thing, last night sold a little bit of my bitcoin because I thought it would come back down again only to then 6 hours later buy it back because it kept rising and then through today kept rising further, and I was there going aaaah damn me if id not sold then, I would have more than I would now, but then if I hadn't bought back Id have not got as much as I would have, but what if it now starts to go down then I should have waited to buyback.
It's the feeling of always losing again, I mean looking at it at face value I made money yesterday, but I didn't make as much as I could have done, so it feels like a loss.
Now back to the deal or no deal analogy, the people in that show I always respected were the solid no dealers, they came on this show their plan was simply what was in their box was their box and they were going to keep going until the end and open whatever was in it no matter what, noel hated these knobs, they didn't add the same suspense and shock to the game, but you know what they were happy, noel would try to wind them up ooooh you could have got this, and these cool cats, were like 'shut up noel this is my box and that's the end of it' (I'm pretty sure that is what was said between them)
This is a good ethos to follow you buy your coin you say meh ill keep it in there until this day and then I'll see what I got, this was my plan initially and majoritavely after buying some at £8,000 this year for the first time this was my plan, was going to wait until 2025 and see what happened, it was money I had written off for a few years it didn't exist to me was just going to see what happened and top up every now and then. But the greeeed gets to you that's the problem, the greed, the FOMO, the fear of 'losing' but I think lesson learnt.
Similarly in deal or no deal there were the people that came with their plan of getting a certain amount of money a modest 10k something like that, this was easily attainable in the game, barring shocking luck you were going to get an offer of that and similarly these were the people who went home happy, once they got that they could buy what they wanted do their holiday build their sex dungeon whatever it was, and they were satisfied. These again were the happy people that noel could not get to, I mean maybe he did but these kings and queens didnt let it show, they were happy they got what they wanted. Similarly, their may be people that have a set plan in place they're going to wait until it doubles their money and then done wait till it matures enough to build a swimming pool.
It is difficult though because at some point we will sell and it could keep going or we will hold and it will come crashing down, the thing is just to do what is right for you, id imagine most people will make money so focus on the win and not the loss.
For me who is crap at trading don't get greedy, so I've printed Noel Edmunds off and stuck him to my wall so whenever I get the urge to be greedy I can look at him and stare him straight in his old decrepit face and say sternly "fuck you noel ... fuck you"
