A friend told me that he made over a million from crypto trading, and my first reaction wasn’t happiness, it was panic.#出金
Panic about what? Panic about people asking, "Where did this money come from?" Panic about the money not getting into the card. Panic that one day I’d wake up and the account would be frozen.
In fact, most risks don’t lie in making money itself, but in how you convert it into RMB and how you get it into your bank card.$ILV
As long as you keep your U in your account and don’t convert it to fiat, basically nobody cares about you. The situations that can really cause trouble are just two:
The first is rushing to cash out everything at once.
You’d almost wish the moment the U arrives today, the money would be lying in your card tomorrow. When you panic, it’s easy to take shortcuts, find a high-price order and just complete the trade without even figuring out who the other party is.
The second is running into a problematic counterparty.
Many cases that go wrong happen because people are greedy for convenience and use unreliable OTC channels. The other party’s funds have issues, and you get dragged in with them. Do you think the money on the other side came from a legitimate source? You don’t know, and don’t want to know, and then something goes wrong—who will take the blame for you?
To keep cash-out safe, there are really just three things: the source of the funds must be explainable, the transaction records must match, and the counterparty should be someone reliable.$VET
If the bank ever asks questions, and you can make everything line up from beginning to end, there usually won’t be a big problem. What’s most dangerous is finding it troublesome and trying to save time, then casually taking any order.
At the end of the day, making money is a skill, but keeping the money you’ve made safe and sound is an even bigger skill.
In this space, the truly impressive people are never the ones who make the most in a bull market, but the ones who, after several rounds of bull and bear cycles, still have their money in their own hands.
Before cashing out, safety comes first. Don’t sacrifice the money you worked so hard to earn just to save a few seconds.
Protecting your principal is more important than anything else.$BTC
Panic about what? Panic about people asking, "Where did this money come from?" Panic about the money not getting into the card. Panic that one day I’d wake up and the account would be frozen.
In fact, most risks don’t lie in making money itself, but in how you convert it into RMB and how you get it into your bank card.$ILV
As long as you keep your U in your account and don’t convert it to fiat, basically nobody cares about you. The situations that can really cause trouble are just two:
The first is rushing to cash out everything at once.
You’d almost wish the moment the U arrives today, the money would be lying in your card tomorrow. When you panic, it’s easy to take shortcuts, find a high-price order and just complete the trade without even figuring out who the other party is.
The second is running into a problematic counterparty.
Many cases that go wrong happen because people are greedy for convenience and use unreliable OTC channels. The other party’s funds have issues, and you get dragged in with them. Do you think the money on the other side came from a legitimate source? You don’t know, and don’t want to know, and then something goes wrong—who will take the blame for you?
To keep cash-out safe, there are really just three things: the source of the funds must be explainable, the transaction records must match, and the counterparty should be someone reliable.$VET
If the bank ever asks questions, and you can make everything line up from beginning to end, there usually won’t be a big problem. What’s most dangerous is finding it troublesome and trying to save time, then casually taking any order.
At the end of the day, making money is a skill, but keeping the money you’ve made safe and sound is an even bigger skill.
In this space, the truly impressive people are never the ones who make the most in a bull market, but the ones who, after several rounds of bull and bear cycles, still have their money in their own hands.
Before cashing out, safety comes first. Don’t sacrifice the money you worked so hard to earn just to save a few seconds.
Protecting your principal is more important than anything else.$BTC
