The number one reason why people lose a whole bunch of money in crypto that I wish I didn't do early on is the fact that they are caught in a fairy tale land.
Remember, guys, this money is not real until you actually cash it out and use it. There are just people that made a billion dollars off of Shiba Inu, but he couldn't sell it. The liquidity pool wasn't big enough.
So did he actually make a billion dollars? I would argue and say, no, he did not make a billion dollars.
Another guy that denominated all his profits in Bitcoin. So he's like, yeah, I'm making more Bitcoin. So that means I'm making more money.
But really, are you making more money?
Bitcoin dropped 75 percent and you wouldn't have sold any of your Bitcoin to buy anything. So what are you making?
I don't understand.
What are you doing?
And that's the biggest problem is people are caught up in their own fairy tale land. Get into the real world.
When you really make money, you can go buy something with it, like a house or something like that. Stop thinking about this crazy idea of decentralization and how Bitcoin is going to save the world.
Jesus saves the world and as simple as that.
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