Don't Lose Your CRYPTO Gains! TOP TIPS When Exiting!!
ฝัง
- เผยแพร่เมื่อ 22 พ.ค. 2024
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🔥 TOP Crypto TIPS In My Newsletter 👉 guy.coinbureau.com/signup/
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📺 Essential Videos 📺
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Cryptocurrency Tax Guide 👉 • Crypto Tax Tips: ESSEN...
Tracking Bitcoin’s Price 👉 • When Will Bitcoin Pump...
Altcoin Exit Strategy 👉 • When to SELL Your Altc...
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- TIMESTAMPS -
0:00 Intro
2:28 Wallet Issues
6:02 Exchange Outages
8:24 Frozen Exchange Accounts
10:40 Tax Implications
12:49 Bank Account Freezes
15:18 Regulatory Problems
15:18 Final Thoughts
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Best Cryptocurrency Wallets: www.coinbureau.com/analysis/b...
► Binance Review And Guide: www.coinbureau.com/review/bin...
► Stablecoin Wallet Freezes: / stablecoins-are-not-as...
► Crypto.com Card Review And Guide: www.coinbureau.com/review/cry...
► Regulators Targeting DeFi: www.coindesk.com/financial-wa...
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🔐Wallet Issues🔐
Normally transaction fees to send crypto are quite minimal and cost anywhere between a fraction of a cent to a few dollars depending on the coin or token
However, when the blockchain is busy, it can cost hundreds of dollars to move that crypto out of your wallet to an app or exchange
As such, it is important to ensure that you have enough coins to pay for transaction fees, and make sure you have the right coin to pay for the fees to send any tokens you are holding (e.g. ETH and BNB)
💱Exchange Outages💱
Even the largest exchanges have a habit of going through outages when people need them the most. Consider making accounts on multiple exchanges to make sure you have alternatives if one goes dark
If the exchange that’s down is the only one that offers trading for your altcoin, if it is an ERC-20 or BEP20 token you can trade it on DEXes like Uniswap and Pancakeswap, respectively
There are also multiple cross chain bridges such as the Ren bridge which make it possible to bring Bitcoin to the Ethereum or Binance Smart Chain blockchain for use in DEXes
🥶Frozen Exchange Accounts🥶
Sometimes exchanges will freeze your account on the grounds of “suspicious activity”. This usually happens on lesser-known exchanges when you’re transferring a large amount of funds
Doing KYC in advance can sometimes help protect against account freezes, although they seem to be used as a method to delay withdrawals when the exchange in question is short on crypto or cash.
Similarly, stablecoins like USDC and USDT are centrally controlled, and their issuers have frozen their transfers at the request of law enforcement. Good alternatives are DAI and Terra’s UST stablecoin.
📃Tax Implications📃
Governments around the world have been spending billions of dollars to give artificial life to an otherwise dead economy and this has put many of them into record levels of debt.
Besides printing money, governments get their money through taxes, and there is going to be no shortage of taxable gains sitting around when this bull market is over.
Be sure to familiarize yourself with all the different tax laws in your country, and the options you have to reduce or eliminate that tax. You can watch the video linked further up in this description to help.
🏦Bank Account Freezes🏦
Like exchanges, banks could potentially freeze your account if you are wiring a large amount of fiat from a cryptocurrency exchange or crypto-fiat gateway.
The procedures you will have to go through will be much more complicated and lengthy however.
It might also be worth opening an additional bank account or two and transferring the money in batches. Alternatives to banks and exchanges are crypto visa debit cards which can be very convenient
If you do not have access to a fiat payment gateway or crypto debit card, you can use LocalBitcoins.com
⚖Regulatory Problems⚖
Some cryptocurrencies you hold could be affected by regulations before you realize profits. If your profits are large, you may also be audited by tax authorities
Last but not least, do not give financial advice as you could find yourself in court losing your hard earned gains to former friends
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#bitcoin #bullmarket #crypto #banks #fiat
Hope these tips come in handy for that day you guys do decide to realise some profits 🙏. Don't forget to follow me on my socials where I share content not on the tube as well as highlights of what is going on behind the scenes 👉 guy.coinbureau.com/socials/
Top guy for top content..... keep it up, dude. You certainly are the top dude of crypto....;-)
Am I wrong or does local bitcoins only serve a few states in the United States? I thought it was practically unusable after they sent out notifications that the majority of US states and accounts based in those states would be closed in "Spring 2021." I thought this might be worth a mention? I got an email from them saying they were closing my account from a few years ago because of this.
thx for content Guy! i follow your content with pleasure for almost a year now. u r a good teacher, i learned alot!
Guy please can you cover xrp again? Sort of like a quick update?
@@richardpalmer4613 KINGMIDAS TWITTER
You can tell this is an absolute quality channel by the fact there is always a nice text summary in the description. Highly appreciated!
And the neat subtitles that are actually redacted, not autogenerated. Guy is a legend!
And no constant ads!
@@achainofblocks8930 Sus
Absolutely. I feel like quality journalists and reporters should have all referenced sources of news and opinion listed in the description. Love this channel so much.
Very good Chanel
Brilliant speak flow, nice calm voice, awesome tone variations in the right spots............. I Like!
fantastic..!!! an absolutely comprehensive list.. i'm sure people who heed your words will be well prepared...!!! bless you!!!
Man you’re brilliant. Missed the rhymes at the start of the video, though. They always give me a good smile. Thank you for such a hard work.
Good time to watch this saved vid again :)
I appreciate this video. A lot of stuff I never thought of. Keep 'em rollen
Brilliant for a newbie . Left me speechless , from intro to end - many thanks . And purfect as entertainment too-. top
Top notch everything in this series; professional video, playback, sound, information. One of the best. I just wish...."I could understand it all!"
Pura vida compa, love your stuff, spreading your legend too, saludos from Costa Rica!
Straight to the point.
Thank you you are my favourite one
You are Blessed and your Team...
GREAT STUFF. Thanks for the heads up. Now we are better prepared. YOU ROCK!!!
This is the content I needed to watch today.
Guy your content is priceless. Please keep spreading the word and know we are all very grateful for your hard work.
Great heads up sir, thank you very much. Take care
Wow - thanks so much for this content! Wonderful support.
Thank you Guy, for all that you do! Teaching us, not just telling us! Cheers!
So much gratitude for having this channel!!
Guy is a legend!
Very good explanations! Thanks!
Guy , I’m sure you have heard this countless times but I’m fairly new to the space and I feel the need to say it anyway... your content is PRICELESS! I’ve learned most of the little bit of knowledge I’ve gained thus far from you.
Thank you my friend I wish you much success and good health.
Have a great weekend
Thank you, that's all freaking gold
BRAVO!!! This is a really good video!
Love the hoodie 😎
THIS is the video I’ve been waiting for. Thank you
ANKR to the MOOOOONN!!!!
🌈 *I DON'T KNOW WHO NEEDS TO HEAR THIS, YOU'VE TO STOP SAVING MONEY, INVEST SOME PARTS OF IT IN CRYPTO, IF YOU REALLY WANT FINANCIAL FREEDOM.* 💯💯
I think I'm blessed if not i wouldn't have met someone who is as spectacular as expert mrs sharon Allison
Wow, amazing to see who trade with sharon Allison. I am currently on my 6th trade with her and my portfolio has increased tremendously
< This is so surprising, i also just started trading with sharon Allison she is the best at what she does with initial investment of $1000 i made up to $5300 in just a week of trading with her, her trading strategies are mind blowing
So glad I found you on here! So much helpful info Guy
@Coin Bureau I called that number it was a sex-hotline! Please provide the real number!
You represent the best of us my friend. Great work and nice job 👍👏💯
These shows are invaluable which I definitely can't do without! Thank you so much for your rigorous research and experience. Your awesome!
You and your team are good damn geniuses. More entertaining than public TV - a lot - and - a lot again - more educating than it. If I could make a wish right now I would go and sit with you guys in a nice London pub, eeehhhh corona, and have a couple Guiness. Cheers
Lol
Thanks for your feedback, for more guidance W=h=a=t=s=A=p=p. Mé dìréçtly
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that hoodie is amazing
Very valuable information sir. Thank you very much.
You should never be selling under stress or against a time clock. This is only going to ensure you sell at a terrible price. Always wait for a green candle if you need to exit.
Guy, Thank you so very much for breaking everything down for us all to understand. I very much appreciate it and I know most everyone else does too! Right people? Right. Be safe, and keep up the great content.
Thank you Guy.. always on spot..🤘🤙👊😎
This Guys rocks !! Thanks Guy
These basic education videos you do are thorough and PRICELESS! Thanks.
Earlier today, Warren Buffett talked in BBC news about how investors and traders can make millions. He also recommended an expert Mrs Betty Harris. Wondering if viewers here are familiar with her services .....?
All good investors are conversant with expert Mrs Betty Harris. She's unique in the field just got to keep her instructions and you excel.
Expert Mrs Betty Harris have an intellectual strategy that cut down losses. I have the best investment with the aid of Mrs Betty Harris . She's friendly and have easy to get along with in terms of signals and investing tips.
I thought I was the only one trading with Mrs Betty Harris, she's amazing and I've made close to $20,000 trading with her this month
Her management team is so impressive so far.... With my 4k deposit I made a profit of over $28,800 US dollars
Expert Mrs Betty Harris has aided so many newbies including myself. I've 12wins from forex trade with her help. Thanks to her strategies, she's really the best. I've made $16,400 in 18days working with her
I like so much your videos! The best crypto channel IMO, keep up the good work!
Thanks guy. Jolly good content.
I needed this, every other youtuber talks about having an exit strategy but never explains it.
Thank you for the great educational content Guy! It's clear, concise, presented in a professional way, well documented...I think I made my point. I do have a question for you: do you know if having savings in UST on the Anchor Protocol offers a better protection against black swan events compared to other platforms/stablecoins? Cheers from France
Great research and advise.
Watched from start to end, no skipping, well done as usual Guy. cheers
You mentionned Cardano but you forgot to mention that Ada offers Babel fees, ie paying fees with the token itself.
Oh god a lot of this went over my head lol, I’ll have to make some time to take notes and run over this I think
~i ~n~ v~ e~ s~ ~t~ i~n~ B~T~C ~ $~ ~E~T~H~~
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Yes! Loved it!
as always - great, great content
recommended
You reached on my top watching list on youtube. Your are the best! Respect!
@Coin Bureau sus
FREE INVESTMENT ADVICE..... ANKR to the MOOOOONN!!!!
Honoured Alin! 🙏
Information worth more than gold!!
Thanks again for all your work
FREE INVESTMENT ADVICE..... ANKR to the MOOOOONN!!!!
For guidance on investment and cryptocurrency +1=7=6=2=5=8=5-4=6=3=7>
@@r1234233 For guidance on investment and cryptocurrency +1=7=6=2=5=8=5-4=6=3=7>
Invaluable advice
As usual another great vid. By far the best crypto channel. Serious information. It is a must.
"Guy, I don't want to get shanked in an ally way" looooool
"I dont want to get shanked in an alley way"🤣🤣🤣
Your jumper is killin it! :D
Invaluably brilliant👍🏽
Useful information. I remember late 2017, exchange outages etc. My exit strategy includes exiting at certain prices NOT at 000 numbers.
***Thanks ^^^for^^^ the comment^^^ For^^^ Guide***.....
Woke up in the morning and take my crypto lecture today.
Good morning sunshine. It's 7:41am here. Hope you guys have a great day and high profit this year!
Thanks for information very useful content indeed! didn't know there are dex-stable coin
These videos are priceless Guy
Thank you Guy for your NON-financial advice. This one was really useful for all of us, the crypto-newbies
I'd like a video on Pirate Chain (ARRR).
I got frustrated trying to buy some and said to myself "I'll get it tomorrow" when it was looking like a really good buy @ USD .0017 That was a few weeks ago.. So, I had the wallet up and running, figured out I needed to go to an outside the US exchange to get it, but didn't realize I would have to buy with bitcoin instead of a card. (I'm in the US and still learning...) I then learned later that the exchange I tried was trading for it, but would mess up on Aaar and the transaction wouldn't happen. I'm getting tired and pissed off, so I put it down for the moment to get some rest. I planned on doing $50. I FORGOT ABOUT IT FOR A WEEK AND A HALF!!! The next time I looked it was at $11.00! I couldn't believe it! I am still mad at how dumb that was of me.😤 💤💸💸💸
As usual fantastic information and very useful And with great timing 🙂👍🤩 From the Wild Wild West California Central Valley
Thanks a lot for your valuable work!
My Favourite "Not a" Financial Advisor is back. Woop woop. Mr. Guy is the Best
FREE INVESTMENT ADVICE..... ANKR to the MOOOOONN!!!!
"artificial life into an otherwise dead economy" - perfect analogy.
Love the channel! Can you please talk a little about MTRG?
Incredibly valuable information “for entertainment purposes” on this video.
Thank you for this post .
Liked and subscribed!
I should probably start with making gains then learn how to cash out 😅
Great comment. 😆🤟
Thats like saying "ill build a multimillion dollar company, then ill learn how to manage it."
you will never earn more money then your ready to handle.
Preplanning is the sign of an expert 😉
yes
sell it p2p or on crypto exchange for fiat or get a crypto visa card
Love your channel. I also watch Bitboy and he says he'd like to do a collaboration video with you.
bitboy is a cretin
Agree, I'd pass on that
@@duncanresourcegroup Why?
@@team419 Why?
I hope he doesn’t do it
very informative. thank you!
Thank you so so much 🙏🏾⭐️
I just love how my life has go through so many circumstances to brought me to this channel and I appreciate all of them.
Thank You Guy for your expertise and sharing your knowledge.
With BTC and crypto on the rise again, it's time to revisit this video...
And again
As always great content and advice.
Mate your's is the best crypto channel by far! Thank you for your knowledge, taking the time to making these videos and sharing your newsletter!
Here is a thought for those in the EU: if you are cashing out a small fortune, perhaps consider moving to Slovenia or Portugal first, as their tax on crypto seems pretty attractive at the moment.
Portugal is in the EU, and all EU countries share tax, banking and criminal records on a centralized database. If you somehow manage to not be interrogated/detained as suspect of money laundering, you'll be paying capital gains tax which should sit at least at 28%.
You should have to pay tax on disposal of the assets in the country you’re moving from first.
You would have to move to a place like Andorra, in Spain but fiscally separate and with lower taxes, become a tax resident and wait a year or so.
Perfect Timing
Ikr?
Excellent video! Will rewatch thanks!
FOR~MORE~PROFIT~AND~INVESTMENT~ON~BITCOIN~AND~OTHER~CRYPTOCURRENCY +•1•7•7•2•2•4•2•5•7•9•2...
Great vid Guy. Was looking forward to this one.
@Crypto Mobster SCAM!
seriously - absolute quality well of knowledge from this legend. every single clip of yours is so informative and always super pro. well done. please keep 'em coming. :)
For guidance on investment and cryptocurrency +1=7=6=2=5=8=5-4=6=3=7>
This is accurate, every time I feel I need to make a move the apps I use become extremely unstable and I’m left scrambling. Not a good thing.
ANKR to the MOOOOONN!!!!
@Coin Bureau SCAM?
love your content guy..............
Really well put together and thorough videos. Nicely done!
man these scam bots totally ruin youtube. they have to do something
S E N D BTC 69 420 M O O N
@@coinbureau1818 SCAMMER
The scammer is also here,please stay more wiser everyone
Captcha for comments. They are annoying.
Sounds like you need to talk to my financial advisor
Rules, you need rules and you need to follow them. The important thing about rules is that don’t listen to people who call themselves traders, listen to the people who have traded in a structured professional environment, It is easy to come up with rules, but you have to come up with the right ones, and definitely listen to the professionals like MR Elson Sebastian, as they have had to follow rules in their banks otherwise they would be fired.
As a beginner you need to look for a professional trader to trade for you, likewise a busy person always must have a professional trader.
Nobody becomes a millionaire or billionaire by working for others and depending on them ,good investment breed millions of dollars and consistency breed Billions
I served as a Marine Officer as did Elson Sebastian, so I respect him both as a Marine and businessman. He has definitely made more than myself. I never said he was stupid, his statement however, is incongruent.
@@graysonfaith4005 Are you new in the system? Do you know that you can make a minimum profit of over $35,000 if you invest through the right source? There are several investment packages. In any of them you can find something special for yourself. trust me Elson is very understanding
You can earn reasonable profits when trading with the right platform and mentor like Elson Sebastian who has been in the game for years and knows the best strategies in trades
Thanks for the great info. Hadn’t thought about a couple of those!
W•H•A•T•'S•A•P•P• M•E•✅
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I like how clearly and calmly this guy explains everything 😊
A good news story..." Now, this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning". -Winston Churchill
Dude your channel is pure gold, or should I say pure bitcoin. Anyway would you please do a video comparing the pros and cons of using a centralized exchange like voyager or coinbase compared to the pros and cons of using a decentralized exchange like uniswap or pancake swap. Thank you for all you do man, your educating people to become sovereign and strong!!!
@Coin Bureau SCAM!!! @Coin Bureau
He talks about the pros and cons in the video where he compares/reviews different exchanges
Check the playlists on this channel and then exchange reviews.
@@sm112 For guidance on investment and cryptocurrency +1=7=6=2=5=8=5-4=6=3=7>
Great content as always. Too early for this topic though ;)
Support from the Netherlands
My exist strategy : buy high, sell low.
That way you're not trading when everyone else is and have the whole exchange to yourself.
The same way people take their summer break in september.
😂😂🙄🙄
I'm young and won't have any major purchases for the next 5 years at least. So I will cash most into Bitcoin and keep holding & accumulating
invest,,,,now,,,,and,,,, make,,,, profits,
Smart move
Smart young man
@@youarerightbut5066 Thank you sir
@@JM-oi9pk haha you sound so sour. Try having a long term plan buddy, maybe you won't stay poor
Super sharp....Guy!!!
Thanks for your feedback, for more guidance W=h=a=t=s=A=p=p. Mé dìréçtly
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God Bless this man
Why does he give me math-teacher-turned-crypto-millionaire vibes?
Breaking Math
Hey Guy, still have to watch the video but wanted to thank you early for your work, love your channel :) edit : i watched it and the part about tainted coins scared the shit out of me 😱
For guidance on investment and cryptocurrency +1=7=6=2=5=8=5-4=6=3=7>
@@coinbureau6280 SCAM!
Love this channel