Plain and simple: he's lying
He's been flip-flopping on Bitcoin for years, which means he's simply a puppet being told what to say. Makes sense considering he's a forward face of financial investment in the media.
Jim Cramer bought bitcoins at around 12k. When Bitcoin went above 20K and kept going up, he sold some to take out his initial investment and claimed he only left the profits in bitcoin.
Anyone who does this is bad at gambling. This is a tactic used as a crutch to support psychological weakness. This concept of "Well at least I got my money back so now I can gamble with the winnings and not feel bad about losing it."... Only a smart play if you are prone to going on tilt and making stupid decisions. Again, it's a total crutch that should only be used by people who know they need to hedge against their own emotions.
Not only that, but if you make this play it can ironically put you on tilt, because you'll be more likely to make a stupid decision with the "free money" than you would have otherwise. There's a reason why these people take the job as a TV personality instead of going out and making billions. Those who cannot do: teach. Yikes.
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That makes sense. Reminds me poker, how I wouldn't really care much to lose if it is a free tournament, but if there is buy-in then need to have full focus.
LOL
Yeah good call I was going to bring up poker.
Winner's tilt is an easy way to lose all your gains.
We start making stupid decisions after our stack goes x4 or whatever.