Greetings, today I bring some reflections to safeguard your earnings

10 Things You Should Not Do If You Make a Lot of Money with Bitcoin and Cryptocurrencies

Making a fortune with cryptocurrencies can change your life, but it also comes with risks. Acting intelligently is crucial to protect your capital and safety.

1. Tell everyone: Talking about your fortune in cryptocurrencies exposes you to scams, extortion, or physical attacks. Discretion is your best ally.

2. Show off an ostentatious lifestyle on social media: Posting luxuries attracts thieves, scammers, and tax authorities, and can also create family issues. It's better to keep those memories to yourself and your inner circle.

3. Refuse to take profits: The market is volatile. If you do not secure part of your earnings (by converting to stablecoins, fiat currency, or goods/services), a sudden drop could make you lose everything.

4. Leave bitcoin and cryptocurrencies on exchanges: Leaving your funds on exchanges makes you vulnerable. If the platform goes bankrupt, is hacked, or blocks your account, you could lose everything. Use cold wallets (hardware wallets) to maintain control.

5. Ignore tax planning: Earnings from cryptocurrencies are not tax-exempt. Consult with a specialized accountant to declare your earnings legally and efficiently, avoiding future problems.

6. Trust anyone: The crypto world is full of scammers and Ponzi schemes. Do not trust strangers or share access to your funds. Research any proposal thoroughly.

7. Think you will always win: Believing that your trades will always be profitable is a mistake. The market is volatile. Do not get carried away by euphoria and set loss limits to protect your capital.

8. Live as if the bull run is eternal: Do not adjust your lifestyle to an unsustainable level based solely on crypto earnings. Set a monthly budget that does not rely on them and create an emergency fund.

9. Neglect financial education: Making money does not make you an expert. It is vital that you learn about budgeting, expense control, taxes, and diversification to make informed decisions and not lose your fortune quickly.

10. Neglect your life outside of trading: The obsession with your wallets and charts can make you forget what really matters. Use your earnings to improve your health, strengthen family ties, and enjoy life. A fulfilling life is worth more than any number on a screen.