1. The underlying logic of regular cash withdrawals in a bear market (don’t let numbers trap your life)
"It's down again!" You stare at the K-line jumping on the screen of your mobile phone, and the coffee in your hand has gone cold. It is a morning in the cold winter of 2023. Bitcoin is jumping around $28,000. The total value of your holdings has shrunk by 65% compared to last year's high. At this time, a voice sounded in your ear: "Do you want to withdraw some money first?"
Many people think that hoarding coins means not moving them at all. In fact, those who have truly experienced three rounds of bull and bear markets understand that regularly withdrawing money in a bear market is the real survival wisdom.
Lock in profits and prevent evaporation: On that crazy night in May 2021, a Shenzhen miner sold 3 BTC at a historical high of $69,000 and used the money to pay the down payment for a house in Longgang District. The monthly rent for that house is now 8,000, and the other 5 BTC he left in the exchange are now worth only 40% of their peak period.
Mentality management skills: A quantitative team in Beijing's Zhongguancun conducted an experiment in which two accounts held 10 ETH each. One account was used to withdraw $2,000 in living expenses every month, while the other account was completely untouched. Three months later, the accuracy of the former's trading decisions was 23% higher than the latter's - people who don't have to stare at vegetable prices and convert them into currency prices every day are indeed more sober.
Cash flow is king: Lily from Hangzhou made the same mistake that all newbies make last year, converting all her savings into UST and depositing them in Anchor. When her cat needed emergency surgery worth 20,000 yuan, that devastating early morning taught her that she should always have real cash in her wallet that she can use at any time.
2. OTC Lightning Protection Manual in Mainland China (Lessons from 327 Real Cases)
"Your account is suspected of abnormal transactions and has been temporarily frozen." In the first quarter of 2023, such screenshots appeared dozens of times a week in the OTC merchant group of a leading exchange. In this market where there is no explicit prohibition but red lines are everywhere, these survival rules can help you avoid 80% of the pitfalls.
New banking risk control routine:
To avoid "transfers at 3 a.m.", a Wenzhou speculator traded between 02:00 and 05:00 for three consecutive days, and his CMB account was locked on the fourth day.
The single transaction shall not exceed 50,000 yuan, and the daily cumulative amount shall not exceed 200,000 yuan (refer to the actual implementation standards of the new anti-money laundering regulations in 2023)
Transfer the funds to other banks immediately after receiving them. Do not leave the funds in your account overnight.
The unspoken rules of platform selection:
Priority is given to merchants with "corporate certification" and more than 2 years of business operation.
Check historical transaction records and be alert to new stores with high transaction volumes that suddenly appear
A hidden "credit score" system on a leading platform: Be careful with merchants with scores below 850
Counter-reconnaissance practical skills:
Use "fruit" to refer to currencies when chatting (apple = BTC, orange = ETH)
Always write "payment" or "loan" in the transfer note
What should I do if I receive problematic funds? Immediately return the funds and block the other party
3. Overseas OTC customs clearance strategy (practical notes from New York to Seoul)
When you overlook the night view of the financial district from the rooftop bar of Singapore Sands Hotel, the condensed water droplets on the wall of the whiskey glass in your hand remind you that the global flow of funds requires more sophisticated operations.
America:
IRS Form 8949 must accurately include the timestamp of each OTC transaction
A favorite question from an OTC trader in New York is, "What are the last four digits of your SSN?"
Coinbase Commerce merchant accounts that withdraw more than $10,000 per month will be subject to review
Southeast Asia:
The offline OTC counter in BBCC Mall in Kuala Lumpur charges a 3% handling fee for cash transactions
The code of gold shops in Ho Chi Minh City, Vietnam: "Buy gold" = sell USDT
Thailand's TrueMoney wallet has a daily limit of 50,000 baht, but you can ask a 7-11 clerk to split the money.
Japan and Korea:
Bitcoin ATM in Shinjuku, Tokyo requires palm vein scanning
The latest exchange rate of Seoul Myeongdong Money Exchange is always 6-8% lower than the exchange rate
Compliant OTC stores in Shinsaibashi, Osaka, require an appointment for identity verification three days in advance
4. Universal survival rules for global players
Tax sandbox simulation:
Singapore’s capital gains tax is exempt, but frequent traders may be considered professional traders
Dubai Free Zone companies should pay attention to the valuation method of virtual assets in annual audits
EU VAT may apply to NFT OTC transactions
Fund diversification:
Prepare bank accounts in at least 3 different jurisdictions (e.g. Hong Kong + Switzerland + UAE)
Stablecoin configuration should follow the risk-resistant combination of 40% USDC + 30% PAXG + 30% DAI
Each withdrawal follows the "3×3 principle": no more than 3 times the average monthly income, completed in 3 days
Safety margin calculation:
Always keep 20% of the "life-saving position" in the cold wallet
Withdrawal amount = current total position value ÷ (expected duration of bear market × 2)
Life Expenses Priority Exchange Method: Use Altcoins First, Then Use BTC/ETH Reserves Last
On the night of FTX's collapse in November 2022, a Taiwanese trader was watching the Northern Lights in Iceland. He took out 20% of his profits every year to travel around the world. That day, he sent a photo of the Northern Lights to his anxious colleagues, with the caption: "Remember, we trade cryptocurrencies to live a better life, not to die for numbers."
At this moment, you should probably turn off your trading software and think about the last time you had dinner with your family. The market is always fluctuating, but life only flows in the present. Take out the money that gives you peace of mind and book the flight that has been postponed for three years - after all, some experiences can never be measured by K-line.
I. The core logic of regular cashing in a bear market (How to avoid being trapped by numbers)
“It’s down again!” A winter morning in 2023, you’re looking at the K-lines fluctuating on your smartphone, holding a cold cup of coffee. Bitcoin is hovering around $28,000, and your fortune is down 65% from its all-time high last year. That’s when your inner voice starts to ring: “Should I cash out a little?”
Many people think of "HODL" as never touching anything, but veterans of three market cycles know otherwise. Strategic cashing out in a bear market is the real wisdom.
Locking in profits and preventing evaporation: In May 2021, a miner in Shenzhen sold 3 BTC at the all-time high of $69,000 to make a deposit on an apartment in Yonggang District. The apartment now generates a monthly rental income of 8,000 yuan, while the 5 BTC left on the exchange are worth only 40% of their peak value.
Mind Management: In an experiment conducted by the Beijing Quantum Team, after holding 10 ETH in each account, one account was withdrawn $2,000 per month for living expenses. After three months, the former account was 23% more accurate in trading—proving that people who don’t calculate the price of cryptocurrencies every time they go grocery shopping are more cool-headed.
The Importance of Cash Flow: Lily from Hangzhou learned a hard lesson that day when she needed 20,000 yuan for her cat's surgery after converting all her savings into UST: You should always have cash in your wallet that you can use.
II. Precautions for OTC in Mainland China (Lessons learned from 327 real cases)
"Your account has been temporarily frozen due to suspicious trading." This is a phrase that appears dozens of times a week in the OTC seller chatrooms of major exchanges in the first quarter of 2023. How to avoid 80% of the traps in this legal gray area:
Bank Risk Management:
Avoiding “3AM Trading”—WEZ Trader Accounts Freezed After 3 Consecutive Days of Early Morning Trading
Noncompliance with 50,000 yuan per transaction and 200,000 yuan per day (2023 Anti-Money Laundering Standards)
Transfer funds to another account immediately after deposit—don’t “sleep” in the receiving account
Tips for choosing a platform:
Priority given to "Certified Business" sellers who have been in operation for more than 2 years
Check your transaction history - Beware of new stores with sudden high transaction amounts
Hidden “Credit Score” on Major Platforms—Beware of Sellers with a Score Below 850
Practical Response Skills:
Use cryptographic words like "apple" = BTC, "orange" = ETH in chat
Transaction notes always say "Payment" or "Rent"
Upon receipt of the problem funds, return immediately and block
III. Overseas OTC Strategy (Field Notes from New York to Seoul)
A night view of the financial district from Marina Bay Sands in Singapore while drinking whiskey. The water droplets on the glass whisper: Global capital flows require sophisticated operations.
US side:
Accurately Enter OTC Transaction Timestamps When Filling Out IRS Form 8949
A common question among New York OTC traders: “What are the last 4 digits of your SSN?”
Coinbase Commerce Account Review Triggers for Withdrawals of $10,000 or More in a Month
Southeast Asia:
3% Cash Transaction Fee at BBCC Mall Kuala Lumpur
Ho Chi Minh City Financial District Crypto: "Buy Gold" = Sell USDT
Thailand TrueMoney Wallet Daily limit 50,000 baht, split transaction possible with convenience store clerk
Japan/Korea Edition:
Tokyo Shinjuku Bitcoin ATM Palm Vein Recognition Required
Seoul Myeongdong currency exchange rate 6-8% lower than the exchange rate
Osaka Shinsaibashi Legal OTC Stores 3 days prior ID screening required
IV. Common Rules for Global Investors
Tax Strategy:
Exempt from Singapore capital gains tax, but may be classified as professional if trading frequently
Documentation of Virtual Asset Valuation Methods for Dubai Free Zone Companies is Required
Potential VAT implications for EU NFT OTC transactions
Fund Diversification Techniques:
Have bank accounts in 3 or more jurisdictions (Hong Kong + Switzerland + UAE, etc.)
Stablecoin Distribution: USDC 40% + PAXG 30% + DAI 30%
"3x3 Rule": 3x your monthly income or less, withdraw over 3 days
Calculating safety margin:
Keep 20% of your “survival funds” locked in a cold wallet
Withdrawal = Current Holdings ÷ (Expected Bear Market Duration × 2)
Altcoins First—BTC/ETH
The Art of Withdrawing in Crypto Markets & Global OTC Strategies
I. The Core Logic of Regular Withdrawals During Bear Markets (Don’t Let Numbers Trap Your Life)
"Another dip!" You stare at the flickering K-line on your phone screen, your coffee gone cold. On a chilly morning in 2023, Bitcoin hovers around $28,000, and your portfolio has shrunk by 65% compared to last year’s peak. A voice whispers: "Should I cash out some now?"
Many think "HODLing" means never touching your crypto, but veterans who’ve survived three market cycles know better—strategic withdrawals during bear markets are true wisdom.
Locking Profits & Preventing Evaporation: In May 2021, a Shenzhen miner sold 3 BTC at the historic peak of 69,000 to pay for a down payment on a Long gang apartment. Today, that apartment generates 1,200 monthly rent, while the 5 BTC he left on exchanges are worth just 40% of their peak value.
Mindset Management: A Beijing quant team ran an experiment with two accounts holding 10 ETH each. One withdrew $2,000 monthly for living expenses; the other stayed untouched. After three months, the former made 23% more accurate trades—proof that clarity comes when you’re not obsessively converting grocery prices into crypto values.
Cash Flow Is King: Hangzhou-based Lily learned the hard way after converting all her savings into UST on Anchor. When her cat needed a $3,000 emergency surgery, that sleepless night taught her: Always keep real cash accessible.
II. China OTC Survival Guide (Lessons from 327 Real Cases)
"Your account is temporarily frozen due to suspicious activity." In Q1 2023, such screenshots flooded OTC merchant chat groups. In this legally gray zone, these rules will help you avoid 80% of pitfalls:
Bank Risk Control Tactics:
Avoid "3 AM transfers"—a Wenzhou trader’s account was frozen after three consecutive nights of 2-5 AM transactions.
Keep single transactions under ¥50,000 and daily totals below ¥200,000 (per 2023 anti-money laundering practices).
Transfer funds immediately to secondary accounts—never let money "sleep" in the receiving account.
Platform Selection Secrets:
Prioritize merchants with "Enterprise Verification" and 2+ years of operation.
Check transaction history; beware of new shops with sudden high volume.
Hidden "trust scores" on major platforms: Avoid merchants below 850.
Anti-Detection Tactics:
Use code words like "apples" for BTC or "oranges" for ETH in chats.
Always label transfers as "goods payment" or "loan."
If receiving suspicious funds: Refund immediately and block the sender.
III. Global OTC Strategies (From New York to Seoul)
As you sip whiskey at Singapore’s Marina Bay Sands, the condensation on your glass whispers: Global money flows demand precision.
U.S. Edition:
IRS Form 8949 requires exact OTC transaction timestamps.
New York OTC traders always ask: "Last four digits of your SSN?"
Coinbase Commerce accounts trigger reviews for monthly withdrawals over $10k.
Southeast Asia Edition:
Kuala Lumpur’s BBCC mall OTC counters charge 3% for cash deals.
Ho Chi Minh City gold shops use "buy gold" as code for selling USDT.
Thailand’s TrueMoney wallet limits daily withdrawals to ฿50,000 but allows split transactions via 7-11 clerks.
Japan & South Korea:
Tokyo’s Shinjuku Bitcoin ATMs require palm vein scans.
Seoul’s Myeongdong exchange rates lag by 6-8% versus platforms.
Osaka’s Shinsaibashi OTC shops require 3-day ID verification appointments.
IV. Universal Survival Rules
Tax Planning:
Singapore exempts capital gains but may classify frequent traders as professionals.
Dubai free zone companies must document crypto valuation methods.
EU VAT may apply to NFT OTC trades.
Fund Diversification:
Maintain 3+ bank accounts across jurisdictions (e.g., HK + Switzerland + UAE).
Stablecoin allocation: 40% USDC, 30% PAXG, 30% DAI.
Follow the "3×3 Rule": Withdraw ≤ 3x monthly income, split over 3 days.
Safety Margins:
Keep 20% in cold wallets as "lifeboat funds."
Withdrawal amount = Total holdings ÷ (Bear market duration × 2).
Spend altcoins first—preserve BTC/ETH reserves.
On the night of FTX’s collapse in November 2022, a Taiwanese trader was watching the Northern Lights in Iceland. He religiously withdrew 20% annual profits to travel, texting anxious peers an aurora photo: "Remember—we trade to live better, not die for numbers."
Maybe it’s time to close your trading app and recall when you last dined with family. Markets fluctuate endlessly, but life happens now. Withdraw what you need, book that delayed three-year vacation—some experiences can’t be measured in candles.