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RE: Avoiding the Sunk Cost Fallacy
"The Sunk Cost Fallacy" is a new term for me but it's certainly not a new experience. I'm feeling in my career at the moment, though I cashed out my crypto during last winter with no clue where it was heading, pure luck there.
I have been known to hold on to failing relationships, and dead friendships simply because I didn't want to the next step to repeat. I have gotten better at letting things go. Which I am happy about.
Congrats on the good fortunate with crypto. And yeah sometimes it is easier to identify and move on with something when you have a set term/definition for what it is you are doing. We all struggle with sunk cost for sure in different aspects of life.