Withdrawing funds: First, I only find large traders within the trader community to withdraw RMB; I rarely use exchanges. This is based on the premise that I have a reputation to back it up. If I absolutely have to use an exchange for withdrawal, I only choose large-scale merchants from Binance who have been trading for more than 365 days (old merchants who have survived long enough). Those money laundering runners only engage in transactions of a few thousand to tens of thousands, while large-scale merchants start transactions at 100,000 RMB. The threshold for large-scale merchants can prevent many money launderers, and there is almost no dirty money.
No random investments: I do not invest in any fields I am not familiar with. Even if someone is very familiar, I still won't invest. For example, if someone approaches me for investment in some physical business or web2 business, I will not invest because that is outside my area of expertise. I will only invest within my area of expertise (cryptocurrency, US and HK A-shares), which is positive EV in the long run.
Can you imagine what would happen to a brick-and-mortar business owner who is a novice entering the crypto market? Similarly, what would happen if you, as a novice, entered a traditional industry?
Anti-gambling: I personally have no interest in gambling. Moreover, my business resembles the behavior of someone 'cheating in a casino,' so I understand the principle that gambling leads to losses in the long run.
If I am not the one running a casino and cannot cheat, then I will not play because it is negative EV in the long run. Therefore, I won't participate in any gambling due to those strange classic strategies. Last month, I visited a casino in Singapore, spent two hours there, and found it 'so boring,' I couldn't understand what attracts those addicted to it. So you won't see those classic stories of dramatic ups and downs happening to me; my wealth has been steadily increasing.
Anti-theft: I only use my important crypto wallet on a MacBook and iPhone. Using Apple devices at least ensures that you won't be infected with some very basic viruses (like an app that can remotely control your device). Also, try not to install random browser plugins, as they have significant permissions that can access your various information and steal your login.
One common mistake many people make is enabling cloud upload in the Google 2FA app (this is the default option), and then a hacker may successfully gain access to your Google account through a browser plugin. Because you enabled 2FA cloud upload, they can also obtain your 2FA, which allows them to steal your coins.
No lending: I am a very indifferent person, and lending money is not possible. Even when I had just made a few tens of millions in the past, people still sought to borrow from me, and I said, 'My principle is not to lend money.' Now, there is no one asking to borrow because everyone knows I just don’t lend.
If you really have to lend money to someone, either you are okay with the amount being never returned, or you must have them provide collateral + interest + a promissory note. Just having a promissory note is not sufficient; there must be something pledged in your hands. Anyway, I am not concerned about personal feelings; I'm really tough on this.
