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 The rule should be custodial up to $300 dollars, Hot Wallet up to, Cold above $1000 then. 
 Whose rules? Are they going to be posted somewhere? What happens if you have $300 on WoS and then suddenly… BOOM! 💥 Hyperbitcoinization comes and now it’s worth $30,000? Then what, sir? 
 Yeah seems pretty arbitrary. $300 is the average monthly salary in Sri Lanka, that would be a lot of money there. It’s 10X the monthly salary in Afghanistan so that would be a shitton to keep in a custodial wallet for them!

Treat it like cash in your wallet - don’t carry more than you’re willing to lose the same as you wouldn’t carry more cash than you’re willing to lose. Much easier rule of thumb and scales to everyone per their own individual wealth and preferences. 
 It’s good to have rules and manage them accordingly. Heuristics can help conserve brain energy.