Quote:
Originally Posted by svandamme
One should never regret cashing out a profit.
Not on stocks
Not on casino chips
Not on crypto
One should only regret NOT cashing out when there was profit
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He essentially threw away $800K by cashing out too early.
We were just discussing this over beers about a month ago.
He said he wished he had only cashed out half and left half in.
He really did not need the money.
LOL! He told me last week he took a dividend payout on his business for his profits last year, the check was over 500K he does not need the money. He was just pissed he got excited and cashed out too soon.
One day I sat down and did the math on what my 5K invested in 2010 would have been worth even at 9K a coin, let alone 30K or 60K. It was depressing. I am still pissed I did not jump in back in 2010.
I have about 8K tossed around now in various crap crypto's hoping one will take off.