$BTC I Made $3 Million in Crypto. These are the 26 Rules I Learned.#LearnandInvest
1. Know the asset you are investing in. If you decide to buy Bitcoin, read about Satoshi Nakamoto’s white paper first, learn how blockchain technology works, what is a public and a private key, what is proof of work, etc.
If you are buying Ethereum, learn about smart contracts, how initial coin offerings and decentralized finance platforms work, etc. There are a lot of free resources on the internet with easy-to-understand explanations.
2. Know the crypto regulations in your country. What kind of cryptocurrencies are you allowed to buy and hold in your country? What kind of documents do you need to provide when buying crypto? How does the crypto tax regulation work? When you want to sell, always contact your crypto broker/exchange in advance to ask for the cash-out procedure, contact your bank in advance to ask what you need to provide in case you have a large amount of money flow into your account. Remember, always research these things in advance, even if you do not plan to sell immediately because it probably takes a very long time for those institutions to check and verify everything.
