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/biz/ - Business & Finance

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5217953 No.5217953 [Reply] [Original]

You remembered to cash out your initial investment, right? Don't want to be out that initial seed money do you? This stuff could all go to zero tomorrow. Even if it goes half, do you want that weighing on your conscience? Thinking "Should I cash this out at half of my all time high because if I don't get out now, it could go lower as more blood bleeds in to the water?"

No, cash out your seed money now. It will make holding that much easier. Do it.

>> No.5218002

Don't you mean cash out + at least minimum wage for every hour spent researching and trading? Else you'll still have lost out economically. Time is a factor.

>> No.5218019

>>5217953
Seed money is an irrelevant sunk cost. If something is a good investment the only question is what is my risk tolerance.

>> No.5218075
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5218075

I've taken out 2x my seed money out by now. It doesn't really make it easier after having mingi 50x gains.

>> No.5218159

>>5217953
Cashing out your initial investment is a totally arbitrary thing to do driven by nothing but emotions of 'at least I can't lose money anymore'.

The patrician thing to do is to rebalance your crypto to a fixed percentage of your portfolio whenever it gets too big.

>> No.5218160
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5218160

>>5217953

No.

I'm not a pussy bitch, like you.

>> No.5218170

>>5217953

why would you care whether i do it or not?

>> No.5218196

Havent made 10x yet so no

>> No.5218279

I haven't made a single cent yet I want to make 10k before I cash out my initial investment of 1.5k

>> No.5218284

>>5218196
10X is a good cash out point for seed money, honestly. Feels like a nice sweet spot where you dump all your risk, but still leads to huge potential gains. I mean what would have skyrocketed to a million is now only 900k, which in my book is more or less totally fine if you're coming up from nothing.

>> No.5218359

>>5218002
Really closer to about half your actual wage depending on what your wageslave job is if you have one since this is more or less a lucrative leisure activity.

Unless you actually consider this a job, in which case you should have been cashing out as you go to pay yourself, but if you have enough capital that you can cash out for living expenses while still growing your capital base, you're well past having to worry about seed money anyway.