Would you ever do a cold plunge?

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When I was on my spa vacation the facility opened up a brand new cold plunge. It is exactly what it sounds like--first you spend several minutes in the sauna and then you get into a tub of super-cold water. . .and ice. Cold plunges are supposed to help reduce inflammation, improved mood, muscle soreness, and poor sleep quality among other things. There are risks involved like poor muscle recovery after a workout, stress on your heart, and nerve damage. There was a race for people to sign up for their cold plunge but I was not involved in that AT ALL. It sounds miserable. That's how I feel about the annual Polar Plunge when people rush into the freezing cold ocean in February to raise money for charity. It was also my feeling when everyone was doing the "ice bucket challenge" also to raise money for charity. Would you ever do something like this?