Awesome article. I've been on both sides of this. I cashed out to pay off my student loans a few years early. Then 2 months later, the price of the cryptocurrency I had went up 10x. This left me feeling confused because I was both happy and devastated. The next time a similar opportunity came, I decided to wait a little longer. I cashed out when it was higher than average. Then the next day a market crash occurred. I ended up buying in 100% and then selling when it went up 30%-40% the day after.

The moment I sold at that 30%-40% mark again, it crashed again. This was obviously a lot of stress and good luck at the same time. I decided not to buy in. I played it safe and used the money to pay off debt. Looking back, I saw that I could have made an extra 50% if I would have bought back in.

Did it hurt?

Sure it hurt, but it was a lot less hurt than cashing out 2 months before a 10x increase.