Tea (tea-)
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1. Test your systems. You will want to cash out eventually. Will your bank give you problems? Will a cex freeze your account? Will the tax office attack you? The more you know the better you will do going forward. Remember this shit is crazy risky. Your systems for getting your money should be well oiled.
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2. It could be gone tomorrow. Crash. Hack. Cyber polygon. Sunspots. Who knows! There is nothing worse than regret at what could have been. Enjoy some of it now. 1-5% cashed out of your portfolio won’t effect whether you make it or not, but it could help your mental health which leads me to 3.
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3. Your emotion. If you don’t take anything out, you can't think clearly 'What should I do? This is all I have’ vs ‘ It’s OK I can take this 30% hit right now. I can afford to wait.’ This change in mindset can absolutely make you or break you. Protect your mind from regret!
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After the first run up, I took out a bunch and paid off debts that weren’t an emergency but helped my family and I reduce our stress. I just took out about $600 of DYM and will buy some dinners and experiences. My portfolio is still at an all-time high. But if it goes to zero tomorrow, I will have no regrets.
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