You know how some centralized exchanges limit you to withdrawing 1-2 bitcoin every day without KYC? you can expect that to be cut in half at some point or, i would think potentially reduced to a max withdrawal of 0.1-0.2 btc (depending on btc price) without kyc and with kyc to be reduced relatively depending on the exchange and their policies. This stuff is usually determined by the country where the exchange is registered.Expect anywhere from 20% - 40% retracements, potentially falling back to the EMA 20 on bitcoin charts. make sure you have capital on the side ready to buy those dips.If you want faster withdrawals for btc, consider registering an account with an exchange that has lightning withdrawals enabled. I am still learning this myself.Don't invest more than you are willing to lose and don't take out a loan to invest.Don't tell anyone you know in real life about your investments. if they ask how much you have, significantly downplay your holdings, if not straight up lie about how much you have.If it is too late for point number 5, I advise you to go watch some YouTube videos about how lottery winners go bankrupt. Learn how to tell people "No." the nice way.Consider investing in an irrevocable trust with regards to your crypto holdings. this is similar to a legal will, however, it is different in the regards that it cannot be legally contested (cohence the term "irrevocable") in a court of law. if you have two kids and you dictate they each get your crypto holdings in a 50/50 split, then one CANNOT sue the other to get more. this applies not only to crypto, but other wealth / leftover estate.Do not blindly invest in new coins without doing research on their dev team or source code. I've seen new coin listings on coin gecko and I've noticed that some dev teams photos are actually just cg composite photos - they take a charismatic figure's body and photoshop a new computer generated face on his or her head. How do i know this? I use tineye or Google images to reverse-trace the photos of the dev team.Leeches. Cut them out or burn them off. No one should be making plans with your crypto but you.
Submitted November 06, 2020 at 06:43AM
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