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When you buy that 🥨coin or whatever at a $500b valuation, ignoring all fundamentals and risks, just because it's returning 80%/yr in staking rewards, don't be surprised when the price crashes 99%. It's not profit unless you get out more #BTC than you put in.

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Religare

@reli_gare

Sep 4, 2020

it still isnt profit until you take that #btc and convert to fiat.

Replying to

and

You can't measure profits in fiat. Who knows how much fiat there is/will be? Could double tomorrow. You can only measure profits in terms of the % of the BTC pie you own.

2:27 AM · Sep 4, 2020Twitter Web App

Replying to

Your statement only makes perfect sense if you dont use fiat on a day to day basis. But if you are buying land, or paying rent, or buying milk and food in Fiat, your btc isnt profit until you get to spend it on something of value - ie food, water.

Religare

@reli_gare

Sep 4, 2020

plan for the future, but live in the present. Having more btc today than yesterday is certainly means you made a profit. but what you gonna do with the btc?? eventually in the future the price will rise, i agree... but it isnt real profit... until you actually use it.