i just lost everything in crypto

And there's no easy way to say this but, you know, I vote. I've always been honest with this channel. I've always been pretty upfront with everything. Wow, I didn't expect to be this nervous about discussing this. I've actually probably actually pretty nervous. Oh my god, I mean, I definitely messed up here pretty badly and haven't been entirely honest with everybody lately.

Since like really since kind of like December, do you know? Since then, I've just been putting on a front here and just I think it's time I let you guys know what's kind of going on behind the scenes here. But I made a video a while ago that I bought Bitcoin when it was at 17-thousand and, you know, in that video, I just kind of mentioned that I had bought what I could afford to lose and that it wasn't a big deal. That's kind of the point where I kind of went wrong.

I had someone I trusted who was deeply involved with cryptocurrency who was telling me, was assuring me that he knew that this was going to be going up in price and was going to be hitting about 25,000. We were at a point then where I just got wildly excited about it. I kind of let myself—I lost track of my judgment at that point and I mortgaged everything that I had. So stupid! I took a loan out on every single one of my five properties, but I maxed that out and then was able to get some further loans through my bank and they put it all in Bitcoin.

And it was—I honestly thought that I were gonna ride the wave up to me. He was gonna hit 20,000, and it did. Then I thought it was gonna hit, you know, 24, and then 24 I would sell it and then pay back everything. That was my plan! When it dropped, I really felt like, you know, it was gonna recover; it was gonna be fine. It was a short-term hiccup, but it just kept going down.

Then it kept going down, and in the back of my mind, I really believed that it was just going to be going back up. It didn't! And, you know, I took out more money than I was really comfortable with, and the payments were pretty high. But I had enough that I could be making these payments, you know? My thought was I can make these payments on the loans on my properties long enough for Bitcoin to recover.

Then I thought as soon as it hits the same point that I bought at, I'm gonna sell it all and then just walk away and just be even, and that would be fine. That I could pay everything back! But it kept going down, and when it hit about 6,700, I thought, you know, I should just sell. Stupid!

Because it hit sixty-seven hundred, and then it went back up to about eight thousand. But I was—you know, I got what I could, but at that point, it wasn't enough to pay back what I owed. I lost almost 70 percent of my investment! So I put it all in Tron, which I thought at the time was undervalued. That was about seven cents when I bought Tron, and I just sold that this morning for three cents.

So, you know, wow! You know, the thing is Dave Ramsey is right. I mean, there's no such thing as good debt! I was under the impression that you could leverage your money and make more money, but Dave is right. I mean, there's totally right! I mean, there's no such thing as good debt. You know, we should always buy things in cash.

You shouldn't use credit cards! No, I put everything on credit cards because I, you know, couldn't really pay for anything else. So it's credit cards all maxed out—like a hundred ten thousand dollars of credit—it's all maxed out now. So, you know, the thing is, I've made money before and I'll make it all back, but I have to, you know, I'm selling off everything that I have and I don't think that's gonna be enough to pay off what I owe.

So I might need to look into, you know, filing bankruptcy and just starting over. You know, I won't be able to buy real estate for another seven years just because, you know, my credit would be shot. But I don't really have any other choice! You know, I wish—I wish I had a lesson here. Just, I guess the only lesson here is April Fool's! You guys, I had to—I had to! I realized it was April Fool's this morning and I was like, oh my god, should I do a video? Should I do something like this last minute? I'm just like, yes, I should!

I hope you guys—I hope you guys got onto the joke early on. I'm sorry, I just— it was April Fool's! I had never done an April Fool's video before; I had to do it. No, I did not go bankrupt! Fine, Bitcoin and leveraging everything—by the way, I haven't owned Bitcoin, by the way, since December. So, you know, take that for what it's worth. Just, just—I’m totally kidding! All of this, I had to hope I pranked you guys good.

We'll be back with the regular videos tomorrow, and I had to do this April Fool's. You know, there we go! Hope I got you! Got—if I got you guys, hit the like button! Hit the like button if I got you! And yeah, I wish I had more to say other than that, but I'm just kidding.

Happy Easter for everyone that celebrates Easter, and I will see you guys back at it with a new video tomorrow!