Article Snippet: "Solution: DYOR and understand the high risk landscape. If you are scammed, REMEMBER WHY and use the lessons learned in the future."

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IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)

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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.

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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!

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RE: The Crypto Space - Impending Havoc, Mayhem and Chaos. Are you prepared?

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Havoc means widespread devastation. A good example of this is the death of thousands of ICOs in the past. Currently, the DeFi rug pulls are piling. Some of them last only hours before the "founders" run away with all investor funds.

Solution: DYOR and understand the high risk landscape. If you are scammed, REMEMBER WHY and use the lessons learned in the future.

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Mayhem - maliciously injuring or maiming someone, or rendering the victim defenseless. We've already seen cryptocurrency buyers getting held at gunpoint.

Solution: Never carry large amounts of cash, especially when doing an old style, in person "local Bitcoin" buy. If that's unavoidable, choose a safe place and bring security (one or two trusted persons as backup).

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Chaos is a state of total mass confusion or disorganization. For noobs, this can translate into high levels of stress. For OGs, it can cause insomnia - especially when they remember the lost opportunities, high fees and clogged networks in 2017.

Solutions: Learn TA. It was invented to help interpret emotional manifestations in the market. Get your exit plan money to your favorite exchange well in advance. Set acceptable stops that let you sleep worry free. Have multiple crypto-to-fiat avenues.

By JaiChai

"Really Appreciate You Stopping By. Truly hope to see you again!"

And if you liked my post, kindly Upvote, Comment and Follow.

This is YOUR TORUM INVITATION!

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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.

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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.

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(JaiChai 2-12-2021. Simultaneous multi-site submissions posted. All rights reserved.)