Exactly one year ago, Bitcoin was worth $9,700. A couple weeks later, the price would go down to around $5,700.
As of right now, the price is around $57,000.
Even though we faced on of the worst years of our generation, even though there was a lot going on, the price of cryptocurrencies exploded in the last year or so.
Now, as more and more people feel this fear of missing out and try to act on it, and, as I am sure, a lot of folks are regretting that they didn’t get in on the fun, I believe there’s something else we should talk about… l’esprit d’escalier.
One way or another, in various aspects of life, we’re bound to feel the bitterness of the spirit of the staircase poisoning our souls.
What if you had bought Bitcoin? Or Tesla? And sold it all after a few months?
After all, if you sale at an all-time high, you’re pretty much making the best decision you can make with the information that is available to you.
And then you start climbing down the staircase, and you feel stupid. Maybe you were just unlucky.
But here’s the capital T truth.
Most of us feel this burning regret haunting the desolate landscape of our most sensational failures. The regret of the staircase. The perfect comeback that arrives too late.
Life’s easy to understand in hindsight. There are numerous cognition biases that help us do that.
The road is most clear when looking in the rear-view mirror.
“If only I had done this or that.”
Well, you didn’t, and you’re ruining your life by longing after what can never be returned to you. Your past becomes your place of residence, and not a place of reference, as it should be.
It’s not used as reference for future growth, but rather as a source of constant pain and anguish.
The regret of the staircase makes us feel like we’ve arrived at the party later than everyone else.
Oh, the opportunities we did not take advantage of.
To this, I ask, “What opportunities?”
Opportunity looks an awful lot like too much work. It’s not as obvious when we first encounter it as it is a decade later.
People didn’t invest in Apple or Microsoft in the early 1980s because it didn’t seem like such a good idea. Maybe it wasn’t.
A lot of people didn’t believe in crypto. A lot still don’t.
We often forget that we create the future by what we do right here, right now. We don’t create it after we begin the slow descend on the stairs of regret. And we certainly don’t create it by sheer power of will.
Regret is just as useless as envy. Primitive emotional reactions to an illusory idea of what reality is supposed to look like.
Reality is what it is.
Everything that happens, happens for a reason, and it couldn’t have happened any other way.
Quick question: if you were to use a time machine, but you had to forget all the knowledge you’ve accumulated about your regrets, would it still be worth it?
If you forgot what you now know about your failures, would it be worth trying to fix them again?
The best advice I ever received about the past was, “Don’t worry about it for it is gone.”
We are who we are not just because of the opportunities that we did take advantage of, but also because of the opportunities we missed.
The quick comeback is the by-product of a lot of moments you kept quiet when you shouldn’t have.
I can think of no better way for a person to become more decisive than failing to act over and over again, and then breaking their own hearts as they walk down the staircase of regret.
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