Linda was tired of hearing her friends boast about their Bitcoin gains, so she decided to jump in. She’d heard all the jargon—HODL, moon, FOMO—but didn’t really understand it. So, she bought a tiny amount of Bitcoin and decided to check on it every day.

On her first day, it went up a little. She celebrated by buying herself a fancy coffee. The next day, it went down, so she ordered a humble cup of tea instead. Day three, it went up again, so she splurged on a dessert.

By the end of the month, her Bitcoin balance was barely different, but she’d spent a fortune celebrating tiny gains and mourning small losses. She realized that, while she hadn’t made much in Bitcoin, she’d definitely gotten an expensive education in emotional investing!

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