DONT BELIEVE PROFIT SCREENSHOTS!!
You might see lots of people posting pictures showing they've made millions in crypto, especially with smaller, unknown coins. But here's the thing:
Pictures Can Lie
Anyone can make up a photo or fake numbers. Just because someone posts a screenshot doesn't mean they really made that much money.
What About the Money?
Let's say they really did make millions with a coin that only has $3 million available to trade (that's what we call liquidity). Here's where it gets tricky:
Selling Problem
If lots of people try to sell at the same time, the price of the coin drops. If you want to turn those millions into real money, you might end up selling for much less.
Not Enough Cash
Imagine you have a coin worth $1 million on paper, but there's only $3 million total for everyone to use. If you try to sell your $1 million worth, there's not enough money in the market to buy it all at once without the price crashing.
Be Skeptical
When you see someone claiming they made a lot from a coin with low liquidity, think twice. Are they really able to turn those crypto coins into actual cash with such low liquidity?
The Big Picture
Remember, not everyone can cash out millions from a small coin. If it sounds too good to be true, it probably is.
So, always question those profit screenshots. Real gains in crypto, especially from tiny coins, are much harder to realize than what flashy images might suggest. Always do your homework and think about how realistic it would be to actually cash out.
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