“OGs, aren’t you glad to see me again? I’m your old friend ‘BANE’: BTC — Another Newbie Evisceration (a.k.a the BTC Learning Cycle).”
IJCH — Inside JaiChai’s Head (Meaning: My Warped, Personal Opinions and Musings)
From the Author:
Salutations.
I am JaiChai.
And if I haven’t had the pleasure of meeting you before, I’m delighted to make your acquaintance now.
I invite you to interact with everyone, learn and have as much fun as possible!
For my returning online friends, “It’s always great to see you again!”
“BANE”: BTC — Another Newbie Evisceration (a.k.a the BTC Learning Cycle)
image by tenor
For the Newbies:
Whales dump BTC and go into “dry powder” stablecoins.
Weak hands bail, sell BTC at a loss.
Whales quietly accumulate BTC on the dip, mostly via OTC, trusts and derivatives.
Institutions resume their BTC buying spree.
Newbies FOMO.
Then rinse and repeat.
End result? Whales, Institutions and smart OGs profit AND get a discount on BTC spot prices.
My friends: PLEASE fight emotion. Don’t let BANE win.
By JaiChai.
“Really Appreciate You Stopping By. Truly hope to see you again!”
And if you liked my post, kindly Upvote, Comment and Follow.
image by author
This is YOUR TORUM INVITATION!
About the Author:
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life — while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
After 24 years of active duty, he retired in Asia.
Since then, he’s been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency — plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his girlfriend, teenage daughter and two dogs.
(JaiChai 1–25–2021. Simultaneous multi-site submissions posted. All rights reserved.)
Originally published at https://hive.blog on January 25, 2021.
