This is an interesting idea which I've employed to a lesser degree. I've never sold everything at once, but I've had cards/sets that I've fallen out of love with and sold. I can't say I've ever really regretted it. I think an occasional examination of your priorities and interests (both with respect to specific cards/sets, and life in general) is a healthy part of collecting, and I have no hesitation when it comes to purging cards I don't love.
I'd rather have a small, well selected collection of cards I absolutely love than a large selection I'm lukewarm about.
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