Tight regulations governing the financial markets and institutions in North America and Western Europe have been around for decades. Nonetheless, in the more recent years, the crypto market has introduced an entirely new, wild west.
So, what does that mean? It means that for the first time that many people in the first-world countries experienced what it is like to be a chive.
What is a chive? You may be asking.
Chive is a vegetable, yes, and in Chinese it’s called “Jiu Cai” or 韭菜. but in this context, chives is also a name given by the Chinese people to victims who get trapped in a loop of speculative investments.
Curious how that reference came about? Here is a great explanation from the writers at the Elephant-Room:
“When it comes to planting, Chinese chives are total easy-breezy. They are fast-growing, drought-tolerant, and extremely vital; even after a long freeze, the plant will die only to return again come springtime. Thanks to nutrients stored inside the stem, a...
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