One huge misconception about cryptocurrency is that people think that you're supposed to hold these coins forever and hodl it.
They make this religion that basically if you sell, you're an outcast. You should be hodling. It's a movement. There's a spirit behind these coins. None of this is true at all. I'm telling you. First cycle, I thought this was true. Everybody around me was saying it. YouTubers were saying it. Just hold. Just hold. Don't worry about the dip. Just hold.
I held those coins down 95%. Some of them never came back. Some of them I had to sell because I didn't have money to pay my daily living habits and things like that. The other ones that did come back, I didn't realize this one thing, which is super important.
This right here is Shiba Inu. It went down 91% last cycle. People think that because it went down 91%, all it has to do is go up 91% and you break even. Not the case. That's not how percentages work. It went down 91%. To break even, you have to get
a 1,136% return just to break even. All the people that held here and then they're holding here and they're like,we're up. They're not up.
They're not doing the math. Their pot is still down from this devastating fall.