Look at it this way:
Online ratings and OTB ratings have a lot less correlation than some people believe. Some people will be overrated, but some will be underrated. This comes about because with such large time controls, some people move very quickly (as though they were playing G/30 OTB) whereas some take hours to analyse positions.
I'm english so my main rating is the ECF grading system. When I came on to chess.com I guessed that my true strength was about 120 (ECF) which predicts that my raating would settle about 1800 (chess.com), which it did.
Then I see a load of posts saying that chess.com ratings are overrated which suggests that I overestimated my strength, but yesterday I took out two 165 (ECF) strength players without any trouble which suggests I've massively underrated my strength.
I'm confused!