Don't Lose Your CRYPTO Gains! TOP TIPS When Exiting!!

Summary

The video script discusses the complexities of cashing out cryptocurrency profits, especially during peak times when transaction volumes surge. It highlights potential issues such as high transaction fees, exchange outages, fund freezes, tax implications, and regulatory challenges. The speaker suggests strategies to mitigate these risks, like using multiple exchanges, preparing for taxes, and considering decentralized options. The script serves as a cautionary guide for crypto investors on planning their exit strategies amidst an increasingly scrutinized and volatile market.

Takeaways

• 🚀 Cryptocurrency prices are reaching new highs, prompting concerns about exit strategies and potential obstacles when cashing out profits.
• 🕒 Timing the market might be easier than dealing with the logistical challenges of realizing gains, especially as more people get involved in the crypto space.
• 💡 The presenter suggests that issues such as exchange outages and high transaction fees can disrupt the process of selling cryptocurrencies at peak times.
• 💼 The strain on wallets, exchanges, banks, tax authorities, and regulators could cause significant problems for investors looking to cash out.
• 🔄 Transaction fees can vary significantly depending on network congestion, and it's crucial to ensure you have enough cryptocurrency to cover these fees.
• 📱 Using a wallet that allows manual setting of transaction fees can help ensure timely transactions even during network congestion.
• 🤔 The importance of having accounts on multiple exchanges is highlighted to mitigate risks associated with exchange outages.
• 🔒 There is a risk of funds being frozen on exchanges, which can be due to various reasons including regulatory compliance and account verification.
• 🏦 Banks may also freeze funds or accounts due to suspicious activities, so it's recommended to communicate with your bank before transferring large amounts of money.
• 📊 Regulatory issues, such as potential security classifications for cryptocurrencies, can impact the ability to cash out and should be monitored closely.
• 📝 The presenter advises against giving financial or investment advice without proper qualifications, as this could lead to legal issues.

Q & A

What challenges might one face when trying to cash out cryptocurrency gains during a bull run?

During a bull run, challenges include high transaction fees, exchange outages, potential freezing of funds, regulatory issues, and possible bank account freezes due to suspicious activities.

Why are high transaction fees a concern when selling cryptocurrency?

High transaction fees can occur when the blockchain is busy, potentially costing hundreds of dollars to move crypto out of a wallet to an exchange, which can significantly impact profits.

How can one ensure their cryptocurrency transaction goes through during network congestion?

One can move their cryptocurrency to a wallet that allows setting the transaction fee manually and ensure they have enough cryptocurrency to pay for inflated fees.

What is the role of DEXes like Uniswap and PancakeSwap in the process of cashing out cryptocurrency?

DEXes can be used to trade tokens for stablecoins when centralized exchanges are down or if the specific token is only available on a particular exchange that is experiencing issues.

Why is it recommended to have accounts on multiple reputable exchanges?

Having multiple exchange accounts allows for flexibility and the ability to transfer crypto if the primary exchange goes down or experiences issues.

What is the significance of EIP 1559 in the context of Ethereum transaction fees?

EIP 1559 is a proposal aimed at making Ethereum transaction fees more predictable and potentially lower, but its effectiveness during high-demand periods is still uncertain.

How can one prepare for potential issues with cryptocurrency exchanges when cashing out?

By familiarizing oneself with the withdrawal process, checking for any suspended withdrawals, and considering alternative trading platforms like DEXes.

What steps can be taken to mitigate the risk of bank account freezes when depositing crypto gains?

One can inform the bank in advance about the incoming funds, consider opening additional bank accounts, and potentially use cryptocurrency debit cards for instant cash access.

What regulatory issues might impact the process of cashing out cryptocurrency?

Regulatory issues could include potential security classifications for certain cryptocurrencies, KYC requirements for wallets, and increased scrutiny on transactions for suspicious activity.

Why is it important to consider the tax implications when cashing out cryptocurrency gains?

Significant gains from cryptocurrency can be subject to taxes, and understanding the tax implications can help in planning and avoiding potential legal issues.

How can one avoid providing unintended financial or investment advice when discussing cryptocurrency?

By clearly stating that any discussions or content shared are for educational purposes only and not financial advice, and by not making specific recommendations.

Outlines

00:00

🚀 Challenges of Cashing Out Cryptocurrency Profits

The speaker discusses the complexities of cashing out cryptocurrency profits, noting that timing the market is only part of the challenge. They predict increased strain on wallets, exchanges, banks, tax authorities, and regulators due to more people and profits involved in the current bull run compared to the past. The video aims to provide strategies to navigate these challenges, such as dealing with exchange outages and high transaction fees, especially during peak times. The speaker introduces themselves as Guy, a crypto enthusiast and content creator for The Coin Bureau, and encourages viewers to subscribe for more crypto-related content.

05:01

🔑 Managing Transaction Fees and Exchange Issues

This paragraph delves into the practical aspects of transferring cryptocurrency, emphasizing the importance of being prepared for high transaction fees, especially during network congestion. The speaker suggests using wallets that allow manual transaction fee setting and ensuring one has enough cryptocurrency to cover these fees. They also address issues related to cryptocurrency exchanges, such as outages and fund freezes, and recommend maintaining accounts on multiple exchanges and being familiar with the process of transferring and withdrawing funds. The paragraph also touches on the use of decentralized exchanges (DEXs) and wrapping protocols as alternative trading options when centralized exchanges are down.

10:02

🏦 Navigating Bank and Regulatory Hurdles

The speaker outlines potential issues with banks, including frozen funds or entire accounts due to suspicious activities when large amounts of money are involved. They advise viewers to inform their banks in advance about significant crypto gains to avoid such issues and suggest opening multiple bank accounts for cashing out in batches. The paragraph also covers regulatory challenges, such as potential security declarations for cryptocurrencies, and the impact of regulations on wallet KYC requirements and the trading of certain coins or tokens. The speaker warns about the possibility of 'tainted coins' being rejected by exchanges or banks due to their transaction history and advises viewers to stay informed about regulatory changes.

15:05

📚 Post-Cash Out Considerations and Community Engagement

In the final paragraph, the speaker discusses what could happen after cashing out, such as tax audits and the legal implications of giving financial advice without proper qualifications. They stress the importance of self-education and responsible behavior within the crypto community. The speaker also reflects on the challenges they have faced in converting crypto to cash and invites viewers to share their thoughts and experiences. The video concludes with a call to action for likes, subscriptions, and engagement on social media platforms, as well as a mention of the Coin Bureau's merchandise store and newsletter for further crypto insights.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. It is the largest and most well-known cryptocurrency and is often used as a benchmark for the entire cryptocurrency market. In the video, Bitcoin's all-time highs are mentioned as a trigger for the creator's thoughts on exit strategies and potential challenges in realizing gains from cryptocurrency investments.

💡Cryptocurrency Wallets

A cryptocurrency wallet is a digital wallet used to store, send, and receive digital currencies like Bitcoin. They can be online or offline ('cold' storage) and are essential for managing one's cryptocurrency holdings. The script discusses the importance of moving cryptocurrency from wallets to exchanges for conversion into fiat currency and the potential issues that may arise during this process.

💡Transaction Fees

Transaction fees are the costs associated with sending cryptocurrency from one wallet to another. These fees can vary depending on the network's congestion and the type of cryptocurrency being transacted. The video highlights the importance of understanding transaction fees, especially during peak times when the blockchain is busy, as they can significantly impact the amount of gains realized from a sale.

💡Exchange Outages

Exchange outages refer to periods when cryptocurrency exchanges are temporarily unavailable due to technical issues or maintenance. These outages can prevent users from trading or transferring their cryptocurrency when they need to. The script warns that such outages can become more common during periods of high trading activity and advises having accounts on multiple exchanges to mitigate this risk.

💡DEX (Decentralized Exchanges)

A decentralized exchange (DEX) is a platform that allows users to trade cryptocurrencies directly with each other without the need for a centralized authority. Examples mentioned in the video include Uniswap and PancakeSwap. DEXs can be used as an alternative to centralized exchanges, especially during outages or when specific cryptocurrencies are not available on traditional exchanges.

💡Network Congestion

Network congestion occurs when a high volume of transactions on a blockchain network leads to slower processing times and higher fees. The video script discusses how network congestion can significantly increase transaction fees and affect the timing of transactions, which is crucial for investors looking to cash out their cryptocurrency holdings.

💡Regulatory Issues

Regulatory issues refer to the challenges and restrictions imposed by government entities on cryptocurrency activities. The script touches on potential regulatory actions, such as the classification of certain cryptocurrencies as securities or the enforcement of Know Your Customer (KYC) requirements, which can affect the ability to trade or cash out cryptocurrencies.

💡Tainted Coins

Tainted coins are cryptocurrencies that have a transaction history associated with illicit activities. Some exchanges and platforms may reject deposits of tainted coins to avoid facilitating money laundering. The video mentions that regulatory advancements may lead to stricter scrutiny of the transaction history of coins being deposited, potentially affecting their liquidity.

💡Cryptocurrency Debit Cards

Cryptocurrency debit cards are physical or virtual cards linked to a cryptocurrency wallet, allowing users to spend their digital assets as easily as traditional currency. The script suggests using such cards as a quick way to convert crypto into cash and avoid the potential delays and issues associated with bank transfers and exchanges.

💡P2P Exchanges

P2P (peer-to-peer) exchanges are platforms that facilitate direct transactions between individuals without the need for an intermediary. The video mentions LocalBitcoins as an example of a P2P exchange, which can be used to convert cryptocurrency into cash through various payment methods, offering an alternative to traditional exchanges and banks.

💡Tax Implications

Tax implications refer to the tax liabilities that arise from the sale or trade of assets, including cryptocurrencies. The video script advises viewers to consider the potential tax consequences of realizing gains from their cryptocurrency investments, as significant profits may attract the attention of tax authorities and potentially lead to audits.

Highlights

Cryptocurrency market is reaching new highs, leading to increased challenges in realizing gains due to more people and profits involved.

Timing the market may be easier than dealing with the strain on wallets, exchanges, banks, tax authorities, and regulators when cashing out.

Exchange outages are becoming common, especially when Bitcoin hits new highs, making trading or transferring difficult.

Transaction fees can become inflated during network congestion, impacting the ability to move crypto efficiently.

It's recommended to use wallets that allow manual setting of transaction fees to ensure timely transfers.

Having enough cryptocurrency to cover high transaction fees is essential, especially for Ethereum tokens.

DEXs like Uniswap and PancakeSwap can be alternatives for trading tokens when centralized exchanges are down.

Fund freezes on exchanges can occur, and completing KYC in advance may help prevent this issue.

Tax implications should be researched thoroughly, especially for large crypto gains.

Banks may freeze incoming funds or accounts due to suspicious activities related to crypto transactions.

Cryptocurrency debit cards offer a quick way to turn crypto into cash, bypassing the need for exchanges.

P2P exchanges like LocalBitcoins provide a way to cash out without going through traditional banks or exchanges.

Regulatory issues, such as potential security declarations, can affect the ability to cash out cryptocurrencies.

The Financial Crimes Enforcement Network's upcoming rules around wallets and KYC could impact crypto transactions.

Cryptocurrencies are not perfectly fungible, and 'tainted coins' could lead to rejected deposits on some platforms.

Tax audits and legal issues may arise post-cash out, especially if giving financial advice leads to others' losses.

Educating oneself and staying informed is crucial for navigating the complexities of cashing out crypto gains.

Transcripts

as bitcoin and other cryptos continue to

push past their all-time highs i find

myself thinking more and more about all

the things that could put a wrench in my

exit strategy

i've come to realize that figuring out

when to sell is only half the battle

now believe it or not i think timing the

market will be easy compared to the

other challenges we're likely to face

when it comes to realizing the gains

we've made

this is because unlike the last bull run

there is going to be a lot more people

and a lot more profits involved this

time around

this is going to put a huge strain on

cryptocurrency wallets exchanges banks

tax authorities and regulators causing a

tsunami of issues that could decimate

your portfolio when you decide to cash

out

we've already started to see some of

these such as exchange outages whenever

bitcoin hits a new all-time high making

it impossible to trade or transfer btc

when you need to most

these issues will only become more

common and today i'm going to tell you

how you can plan for them so you don't

get wrecked when the big day comes

[Music]

just a quick intermission for my terms

and conditions

by watching this video you agree that

nothing in this video is financial or

investment advice and that everything

you see hear taste or smell is for

educational and entertainment purposes

only it's on you to do your own research

and this video is one of the many

resources you can use to build up that

crypto brain

if you're new around these parts my name

is guy and i am a connoisseur of

everything crypto coins tokens news

reviews and protocols whether it's big

or small i've got to catch them all

the coin bureau is where you'll find my

collection of quality crypto content and

i've got plenty more crypto clips on the

way

if you're as crypto crazy as i am crush

that subscribe button and clank that

notification bell to join the crypto

clan

in the interest of time i've left

timestamps in the video timeline that

you can use to see the future and even

skip ahead

just be aware that the information in

today's video could make or break your

bull run bucks so it might be a good

idea to watch the whole way through

right let's get on with it shall we

unless you're an absolute mad lad or

lass

chances are you're holding most if not

all of your cryptocurrency in one or

more offline wallets

this means that when the time comes to

cash out the first thing you'll need to

do is move that cryptocurrency off your

wallet to an app or exchange that will

let you convert that crypto into fiat

as most of you will already know sending

a cryptocurrency requires paying a small

transaction fee

for cryptocurrency coins this

transaction fee is paid with that coin

so for example ada is cardano's native

coin so you'll need ada to pay the

transaction fee when you send ada

for cryptocurrency tokens this fee is

paid with the coin belonging to the

network that the token belongs to so for

example ave is a token on the ethereum

blockchain so you'll need eth to pay the

transaction fee when you send rv

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

what's worse is that the default

transaction fee that many cryptocurrency

wallets give you is not always correct

in the heat of the moment you probably

won't care if you're overpaying for a

transaction to go through

if you wait around only to see that your

transaction failed because the

transaction fee wasn't high enough

though you could risk losing some

serious gains

the solution here is twofold first

consider moving your cryptocurrency to a

wallet that lets you set the transaction

fee manually

this will make it possible to pay the

premium you need to make sure your

crypto arrives on the app or exchange

they're going to in a timely manner even

if the network is congested

in my experience the native wallets for

the cryptocurrency coin used to pay

transaction fees will usually let you do

this and you can find these in the

documentation section of their websites

second make sure you have enough

cryptocurrency to pay for inflated

transaction fees

if you have ethereum tokens be prepared

to shell out a few hundred dollars of

these per token for transaction fees

now i know eip 1559 is supposed to

soften the blow when it comes to guest

fees but i don't think it will help much

when you have tens of millions of people

trying to move their tokens around at

the same time

you can learn more about ethereum gas

using my recent video which i'll leave

in the description

if you have any binance chain or binance

smart chain tokens having around 20

bucks worth of bnb should be enough

pro tip be sure to check what currency

is used to pay the transaction fees for

the tokens you plan on transferring

i've known many people who have gone

into a frenzy after realizing they

needed eth or bnb to send a token out of

their wallet

second pro tip if you've been hodling

for a while consider sending a small

amount of crypto to your favorite

exchange to familiarize yourself with

the process

when bittrex suddenly announced they

would be delisting monero at the end of

december many people who fell victim to

the fudd didn't know that they would

need to wait for their wallet to

synchronize with the blockchain before

sending their xmr for

liquidation kudos to everyone who bought

the dip

anyways a practice transaction will also

help you see if there will be any issues

on the receiving end

most of the issues you're going to face

when it comes to cashing out will

probably be caused by cryptocurrency

exchanges

the first issue will be exchange outages

despite having millions if not billions

of dollars to create a robust

infrastructure even the largest

exchanges have a habit of going through

outages when people need them the most

this is yet another reason why you

should always keep most of your

cryptocurrency in your own wallet

self-custody makes it easy to move that

crypto to other exchanges or exchange

alternatives if your go-to exchange goes

down

naturally the solution here is to have

accounts on multiple reputable exchanges

where you could transfer your crypto

however sometimes the exchange that's

currently down is the only one that

offers trading for the altcoin you're

trying to sell

if your altcoin happens to be a token on

ethereum or the binance smart chain you

can use dexes like uni swap and pancake

swap to trade that token for a stable

stablecoin like usdt or busd until the

exchange you planned on cashing out from

is up and running again

dex trades could cost you an arm and a

leg in transaction fees but under some

circumstances it might be worth the

pocket pain

pro tip you can use bridges and wrapping

protocols like ren to get

cryptocurrencies like bitcoin and

filecoin onto ethereum or the binance

smartchain to use indexes

assuming the exchange you want to

transfer to is up and running take a

moment to check how long it will take

for those funds to be credited to your

account now binance does a pretty good

job of tracking this and will even give

you an estimate for how long it will

take for your funds to arrive

sometimes it might be worth sending your

crypto to your secondary exchange even

if the primary one is fully functional

simply because your funds will be

credited quicker if you're sending your

crypto to an exchange because you want

to stack more sats or take profits to

buy some other altcoin

then make sure you can actually withdraw

the coin or token you're going for

you can usually check this by playing

around with the crypto withdrawal

options on the exchange you're using and

seeing if you get any warnings about

suspended withdrawals

if you're lucky you'll get an email from

the exchange in advance alerting you

that deposits or withdrawals for a

cryptocurrency have been or will be

paused

depending on the amount of

cryptocurrency you're sending to an

exchange there is a chance that you'll

be cursed with a second issue and that's

your funds being frozen

this seems to be more common on

lesser-known exchanges but i have a

feeling fund freezes will become just as

frequent on a-grade exchanges when the

money starts to fly

note that sometimes your inability to

withdraw is simply because the

cryptocurrency you deposited earlier has

not gone through the necessary amount of

confirmations to be fully credited to

your account

a good example of this is dash which is

credited to your account after one

network confirmation on binance but

requires 25 network confirmations before

you can withdraw any crypto or fiat you

sold it for

given that the average arrival time is

23 minutes 25 network confirmations

works out to about nine and a half hours

before i can withdraw that dash or any

crypto or cash i got from my dash

if you've checked this and it's clear

that your account has been thoroughly

frozen you will likely have to provide

some sort of personal identification to

unfreeze those funds

while the reason cited for the freeze is

usually some rule or regulation the fact

that your funds can sometimes be frozen

even if you've already completed kyc on

your account

leads me to believe that this is just an

excuse

bitcoin and ethereum balances on

exchanges have been decreasing steadily

over the past year

if you happen to be trying to withdraw

some btc or eth that you bought with

your altcoin profits freezing your

account is a good way for an exchange to

buy the time they need to get the crypto

you're trying to withdraw

that said in most cases doing kyc in

advance should be enough to prevent any

fund freezes from happening

if you happen to be withdrawing stable

coins from an exchange know this

circle which issues usdc and even tether

which issues usdt

have locked user funds in the past to

comply with law enforcement

depending on what exactly you've been

doing with your crypto or plan on doing

with that crypto you might want to

consider using a decentralized

stablecoin like make a dao's die or

terra's ust if the withdrawal you're

making from an exchange is in fiat you

might want to think twice before

completing that wire transfer

countries like south korea are starting

to pay close attention to crypto

transactions and it's easy to understand

why

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

while it's unlikely that we'll see any

drastic measures such as the proposed

wealth tax in the united states anytime

soon

depending on how much money you're

planning to withdraw you might want to

do some serious research about any tax

implications this could have

now i actually did an in-depth video

about cryptocurrency taxes which you can

watch using that link in the top right

so

let's say you've managed to move your

crypto from your wallet to an exchange

and are comfortable with the taxes

you'll incur from pulling out

the next issue you could encounter will

come from the arch nemesis of

cryptocurrency the bank

again depending on the amount of money

you're trying to withdraw from an

exchange you may not have any issues

here however it is still possible that

the bank will freeze those incoming

funds or even your entire account

because of suspicious activities

they'll then make you go through a much

more bureaucratic process than any

second-tier crypto exchange could cook

up

as such i strongly recommend giving your

bank a call before you wire them your

crypto gains so they don't shut you down

when they see the lambo money coming in

you might even want to consider opening

additional bank accounts and cashing out

between them in batches in case one of

those bank accounts gets frozen

like transferring your crypto from your

wallet to an exchange it's a good idea

to go through the fiat withdrawal

process once or twice with a small

amount of money well in advance just so

you know what to expect

if you think you're going to need

instant access to your crypto gains for

whatever reason your best bet is to get

your hands on a cryptocurrency debit

card

these let you turn crypto into cash

within minutes instead of days and could

cut out the need for a cryptocurrency

exchange as an intermediary

the downside is that like banks any

funds you send to companies like

crypto.com will be held in a centralized

manner whether it's fiat or crypto

like exchanges these crypto debit card

companies could also freeze your account

for arbitrary reasons

if the exchanges you use are knocked out

and you don't have access to a

cryptocurrency debit card the last way

you can turn that crypto into cash is

using a p2p exchange like local bitcoins

now if you're thinking but guy i don't

want to get shanked in an alleyway then

you probably missed the memo

local bitcoins is actually based in

finland and has required kyc to use

since 2019 because of european

anti-money laundering regulations

it has consequently become a lot safer

to use and payments via paypal and wire

transfer are commonplace

local bitcoins is also available in over

200 countries which is convenient if

you're from a place where crypto isn't

very common

the last topic i need to tackle is any

regulatory issues you could come across

in your quest to cash out

these could come up before during or

after you've banked your bread

for starters the cryptocurrency or

hotline could be at risk of being

declared a security by regulators in the

united states

if the sec's case against ripple is

anything to go by the side effects of

such an announcement would not be pretty

moreover it could potentially put you in

a time crunch to cash out when exchanges

begin delisting that coin or token

you can check and see if your favorite

crypto is at risk using the crypto

ratings council website and you can use

my video about the ripple lawsuit to

help you as well link is up in the top

right

in terms of regulatory issues that could

come up around the time you plan on

cashing out we of course have the

looming rule around wallets and kyc by

the financial crimes enforcement network

this could force u.s exchanges to do kyc

on every crypto wallet interacting with

their platforms the financial actions

task force also recently announced that

they'd be taking a closer look at

regulations pertaining to d5 and nfts

and many western countries are working

together to create a system that would

detect suspicious activity on public

cryptocurrency blockchains

because cryptocurrencies on public

blockchains like btc and eth are not

perfectly fungible every single coin has

a unique transaction history depending

on how these upcoming monitoring systems

are set up you could suddenly find that

your crypto deposit is being rejected

because you have so-called tainted coins

that we used for illicit purposes in the

past

now while there is some debate around

whether or not tainted coins are

actually a thing some exchanges such as

coinbase already screen incoming funds

for quote suspicious activity

given that coinbase and other crypto

companies are starting to go public it

would not surprise me if the threshold

of tainted coins became the new normal

for many of these companies

when it comes to what could happen after

you've cashed out the first thing i'll

say is be prepared for the possibility

of a tax audit if you've made some fat

stacks it's not just the taxman that

could come knocking either

if you're like me any time you don't

spend checking the charts is spent

trying to convert no coiners to the

course

this is a noble goal but you have to be

very careful that you're not giving

people financial or investment advice

if your portfolio booms while the

portfolios are the people you advise to

go bust you can bet that they'll be

coming for you and you could potentially

find yourself up in court

unless you're a trained financial

advisor with some sort of insurance you

should not be giving anyone financial or

investment advice

as promising as crypto gains are they

are not guaranteed by any means and

should not be sold as such

the best you can do is educate yourself

by watching content like this put that

knowledge to use and hope for the best

on that note if you're looking for

specific guides on how to tell when to

sell your bitcoin and altcoins i've done

guides on both of those topics and

they'll be waiting for you in the

description

now if you couldn't tell today's video

was a bit cathartic for me i've lost

count of the hoops i've had to jump

through to convert my crypto into cash

when the markets were hot

in theory it's simple just move those

coins or tokens to an exchange from your

wallet swap to fiat transfer to your

bank and boom you're on the moon

in practice though there will be serious

issues at every step of this otherwise

simple process that some of us currently

go through almost every day

things are already slowly starting to

change and i can see the writing on the

wall

news of cryptocurrency blockchains

becoming bloated or even grinding to a

halt because of unprecedented

transaction volume

news of exchanges glitching out

suspending deposits and withdrawals for

sudden maintenance and freezing accounts

while their executives are probed and

fined for breaking outdated financial

laws news of banks becoming increasingly

hostile towards crypto as the

traditional financial system starts to

sink under its own weight and news of

regulators rushing in to suppress

cryptocurrency before it deals the

killing blow there are so many moving

parts here and i'm sure i've missed a

few issues that could come up before

that big day arrives

if you can think of anything else that

could crush your cash out plan then

please do drop a comment for everyone

else to see if it's a good point i'll

even leave you a like

and speaking of likes if you enjoyed

this video i'd very much appreciate it

if you left me a like as well

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that's all for today my fellow crypto

crazies satoshi be with you

[Music]