(Monday) ETHEREUM DUMP FAILED - STRONG SUPPORT. BITCOIN STRONK

all right so we should be almost ready to start so let's see we have the live stream preview and we are live guys so welcome back to another episode of box mining live stream guys today is monday the 8th at least for me on the hong kong side of the earth it's bright and early in the morning and wow this this morning was like very very action-filled for me uh so if you if i look a little bit emotionally compromised it's because this morning right before i started this stream i was trying to get my trades in order right because i saw ethereum moving and i was like uh i was like you know what you you i i want to take a bigger position but i did two things by mistake right this morning groggy morning morning exercise i was like okay first of all let me close out uh my ethereum shorts all right so last friday you know how i was a little bit worried and then you know yesterday and the day before i dropped a little bit so i was like okay um the shorts were doing super well and i need to close them out but stupid stupid thing instead of closing them out i asked only click sell more i was like oh oh you gotta you know you can't do this thing you can't do this in the morning right like you do it in the morning and you just click the wrong button instead of like buy i click sell oh and then and then when i click buy i accidentally added one more zero on the end i was like anyways it was just a big disastrous morning do not ever do crypto stuff when you just wake up like you know when you're squinting and you're just looking at stuff and you're like it's very easy to confuse buttons like that's that's what i felt like especially on ftx i thought i figured like i don't know why but ftx with the darker skin um the darker theme it's easier to confuse those buy and sell buttons i know it's such a new mistake but i make them in the morning so anyways that's uh never ever do those things um this is why i haven't actually drank alcohol or you know done anything uh for the past like three months right it's like i'm super serious um you know trying to make sure that i never miss click buttons it's so easy i'm sure we all have done it but anyways i just want to fess up in the morning and just be get that out of the way before we start with this live stream anyways but on top of that there is just a lot going on in this space um you know you do that i'm super serious and then just look at elon musk's tweets right and you're like i don't understand where this is going i understand this is going and we also got the main topic of today which is cme futures this is the long-awaited contracts trading on the chicago mercantile exchange but of course when it first lists and this is the same thing with bitcoin as well when bitcoin first listed on the cme the prices did drop and this is something that people were fearing so we'll talk about that fear and how we it didn't really manifest right we saw ethereum dumping all the way down to 1500 almost but then it just like quickly rolls up again so yet again we're at a situation where i feel like we're getting we're seeing a very very strong support all right this is something like we're suddenly we just try to see okay look bears they had their goal they try to dump but you know our support stands still so anyways uh just make sure we are good so anyways we got a lot of comments coming in we got mike krenzy says i fucked myself hard this morning with my eve it's it's hard guys it's hard it's hard so eve really recovered really quickly and i feel like there's um this week i'm still quite cautious all right to be honest because chinese new year is just around the corner but that being said with the markets not going down like i'm trying constantly trying to eye for the markets going down if it's not coming i'm going back in that's that's what i was telling you guys right when it comes to february the 12th right when it comes to friday if it ain't going down anymore i'm going back in even more aggressively right that's that's my take right so anyways guys before we talk about not financial advice guys and of course if you guys are interested this this is what chinese new year looks like this is what we're preparing right now so chinese new is right around the corner you're supposed to shove these envelopes full of cash i mean this is the one time chinese get a really great holiday but anyways you're supposed to shove it with cash and give it to people right so it's a very much a season of giving um which is why people need to take a little bit of crypto out to fill these pockets um these red envelopes up but anyways we'll talk about that in today's episode make sure you smash the likes and with that guys let's get started with the new intro terus a anyways i i i love i love elon i love you he tweeted that just now it's like perfect perfect for these times so we got glimber juliana good morning man omg dogecoin that's just hilarious anyways let's take a quick look at the markets let's take a quick glance at everything that's happening on here we got let's see we got ethereum down a little bit okay so yeah you guys probably glanced at last week's charts because i left it open on this brave browser window but yeah so we're down a little bit okay so realistically you know things don't always go up but things can sometimes go down as well so past 24 hours we're down three percent which is not outrageous right now so there was there was a quite a strong recovery so why i'm really looking at ethereum charts right now is because it's the more volatile asset and the one that just dumped a little bit more aggressively last uh yesterday so we'll look at the majors then we'll look at the alts and then we'll take a look at um how things go okay so ethereum is the one i prepared up for the most so basically i try my i've pretty much redrew my resistance and the supports over here because previously you kind of figured out that the previous resistance is now becoming the support right now right so we have the support really at around 1500 ish and we have the resistance almost okay almost at 18k oh sorry i'm not 18k 8 1800 so yesterday uh there was a dive okay so all the weak hands were bleeding out at this current point people were freaking out at 1500 and i was i was telling people yo that's my shopping time yo this is the this is a great time to be sharp uh to be to going shopping at this hour because obviously ethereum dropped taking down a lot of the all currencies with it yesterday but this is going to something important because obviously we need to know where our supports are at that point right so this is much in line with the cme as well so a lot of this reason the speculation behind why ethereum dumps so aggressively is because the cme opened its doors to ethereum trading so that this is like the news that was going to hit on february the 8th and normally speaking what happens is that the rally appears before right you know by the rumors sell the news right this is kind of the situation of crypto and how everything goes right so we knew february the 8th that was going to happen so the seldom sell the um by the rumor everyone's buying up right before that and then the cell came on the 8th right so it came on the 8th or right now on the 8th right for us right now so um it came and then yeah it turns out the support is really really strong right it bounced like straight back right the bears try to take it down try to try to see if they wanted to explore that that area down there 13k maybe but nope nope nope the the bull said nope not today not today guys not today so that's that's kind of aggressively what happened so um we can cme started 6 pm est so usually it's around that time people get itchy right like people always get like so very very so the the dump was quite aggressive right so probably freaked out a lot of people but from what we saw is that the support is strong so the dump pretty much failed and fizzled right no no no catastrophic damage at all whatsoever and then the markets just moved up directly right now and we're at the stage where we're trying to see okay look we're in this now we're still we're still in this channel which is great and then what the next thing that we got to wait for is chinese new year right so chinese new year is the flood event right the fear uncertain the doubt what are the chinese going to do during that time so yet again after that of course we have the um u.s um tax season coming up so this is kind of the big event if it doesn't dump during this time i'm i'm like ultra bullish right i'm going to turn to become like the biggest bull in the world right so right now like obviously i'm still spectating what's happening here but i did close out any shorts i have right so like yet again the the situation was like short is when you expect the markets to go down and those were placed a little bit towards friday i'll tell you i was being a little bit defensive guys and then of course i'm closing them out right now because i feel like i don't want to hold a short in this market you know that's that's not the wise situation after we saw what happened with cme and etc you know i took my gains i gained you know i won the trade because crypto didn't move down a slight bit i protected my positions but at this current point closing all shorts out because yeah not the smart thing to do at this current point and we got david um borshell shields it's um chinese you're going to cause a big um pump maybe that might be the that might be the case because typically speaking the cells are prior to chinese new year right typically speaking the chinese start selling because they need to make sure that during the holidays during the long long holidays they are not overexposed to crypto so usually that happens like two weeks in advance right so in the weeks leading up to chinese new year the chinese are selling but what's interesting is the wall street bets happen straight during that time right so the dumps never really came right um we saw kind of like the the markets like fumbling a little bit right before you know two months two weeks before chinese new year but then nope nothing happened so now now we're kind of waiting to see how much fear there is during this period and if there's not a lot yeah ultra bullish here we go right so those are the two combined factors why we kind of moved down right so the impending chinese new year people are still a little bit uncertain a little bit of ptsd from 2018 if you guys remember the 50 drops during this period but i want to say it's not the exact date it's a period that causes the fear uncertain and doubt and once we clear this period you know that's when i turn ultra bullish anyways and also of course cme already you know that's already launching and yet again you know by the rumors sell the news and you sold but the cell wasn't the sell-off pressure was not that huge right which is a very very strong signal so yet again it's a situation where strong hands that's that's congratulations if you have strong hands and then we're back on track anyways so that's my current take on the bitcoins on ethereum then taking a look at bitcoin as well bitcoin also pushed up almost a 40k again so we did definitely see that strong resistance coming in so this is becoming the major barrier for bitcoin and i definitely see that if we are to break it right we're to break it after chinese new year so after this fear is cleared up like maybe like one or two days after chinese new year that could be a possibility for the markets to move up aggressively in this case yet again the bitcoin and ethereum bring up the entire market with it and taking a look at the top um the other movements here we got all run so strong up 50 percent avalanche as well i'm and to be honest i took up a position in avalanche on friday so i was telling you guys i have a the list of coins here that i was taking positions up right and avalanche was one of them so i'm there i'm taking i'm writing this wave with everyone now next of course doge right doge is ridiculous right it's now at seven cents elon is tweeting it non-stop i'll talk about you know what let's talk about it now let's just let's just take a look at this very quick clip for a second this is like elon being interviewed about crypto so yeah here we go yeah this speculate and kind of like i don't know maybe have some fun i mean it's like there's a good chance that crypto in is the future currency of earth and then it's like well which one is it going to be you know and maybe it'll be multiple uh but um but it should be considered speculation at the point um and so you know don't don't go too far in the crypto speculation point so so uh disposable income is okay but don't bet the farmer crypto right don't bet the farmer crypto to be clear i hear you does it matter that dogecoin was invented as a joke is the is the technology still therefore to scale for for humanity to use as a coin uh well there you go you know i think it's actually the point is that dogecoin was invented as a joke as essentially to make fun of cryptocurrency um and that's why uh i think i think there's like an argument like fate loves irony like the most entertaining outcome is the most like what would be the most ironic outcome that the the currency that was invented as a joke in fact becomes the real currency right no absolutely to the moon to the moon do you still believe in humanity does humanity have a chance yeah i think so um what do you guys think come on i think i think we're going to start giving back tomorrow okay i agree okay i love elon i love elon you know um obviously humanity doesn't have a chance if you read between the lines um you know when he when he like when he was asked does humanity have a chance he was like yeah sure sure why not okay whatever whatever you say right whatever you want to whatever you want to hear but uh so anyways he's going full in on dogecoin obviously he's making fun of it and we just got a we just got a comment from tk stop it with a dogecoin stop it stop it and that's pretty much the the overall comment of um our slash cryptocurrency right now you know we have so much hate on dogecoin dogecoin produces 10 000 block coins per block roughly one per minute that's around 14 million coins per day let's see how you can sustain these numbers with these that's a pump with these numbers against you elon is going to get millions of people wrecked elon is trolling full cryptocurrency space at demonstrating that simply tweeting can push a crypto to the top 10 and it's working unpopular opinion doge is fun but actively delegitimizing the cryptocurrency space so much salt so much salt elon said something and then everyone on reddit is like let's get a pitch pitchforks out why he know like bitcoin oh my god um anyways i i thought i thought i just thought it was hilarious honestly guys um um i think like at this point guys at this point yes i i definitely think elon is fully you know trolling hard at this current point but he obviously knows what he's doing right he obviously knows it's uh it doesn't have developers and i i like these cz's answer on that dogecoin issue as well it's the most decentralized currency in the world because the developers left long ago well not the most one because bitcoin you know satoshi's gone too but you know it's uh it's a very decentralized coin right because the developers left a long time ago no centralization but we do have to remember that dogecoin is very centralized in terms of distribution the top coin of doge the top holder of doge rather has around 21 of the entire supply of doge so that's gonna be a lot of fun but obviously i feel like right now there's a lot of irrationality on the market or what seems irrational like i irony in the market too and i think that's something that i've very much come in terms with and i can laugh about it i think a lot of people are super serious about this and um unfortunately if you're super serious right now about crypto and this is something i've i realized this morning right when i was like shaking my hands at the um at the computer for clicking wrong buttons if you're super serious you're gonna get screwed over because unfortunately no one else is super serious right um and you have to take you have to take a little bit of humor with everything else um that's kind of for me right i think you know yeah that's that's what i'm gonna comment so anyway so that doge is moving up quite a lot we explored the whole elon musk thing i mean he's he's been tweeting everything and um right that video that i started off the intro that's one that that was the video from 2014 that i retweeted it's got like a hundred and uh 23 000 likes at this current point so i doubt dogecoin is gonna die out at any moment this year although of course um i think kai dole says doge is the big connect this bull run i don't really think so i think like people know that it's a joke like i feel like it's a situation where big connect was was something that people thought was legit right like most people when they attack me for calling out big connect as a scam they claim oh you just don't understand big connect you know big connect is generating real revenue big connect is really you know having trading bots and it's it's you know generating that cash you just don't understand it you're noob you don't you don't read enough you're you're incompetent that was what was mostly said about me during the time when i criticize big connect right because everyone was um that's a kind of the effect of a ponzi right ponzi's the people who are in the ponzi believe that this is legitimate right people do believe it's legitimately giving money so a good example of a ponzi would be bernard madoff right madoff was claiming he was generating 10 and that he was super legit on the market and that's kind of like one of the biggest ponzi's of kind of the last decade right people actually believed right people who are in it believed it was real we do see some of that as well um we definitely see hex um hex is one of those coins where there will be some certain people in that who think that this will be like a certificate of deposit or some crazy thing for bitcoin and you know they'll believe it and it's kind of funny because we do have people attacking me on this channel for calling hex out um the fun the comment that made me laugh the loudest last session was like oh well richard hart asked the founder of hex who is also the founder of the ponzi scheme asked why does all your d5 picks um get hacked whilst hex does not right you knew box mining why why does your d5 decentralized finance uh picks always get hacked well the the difference here is that it's very easy to write a ponzi contract right it's super easy it's not hard right you know money that goes into it gets paid pretty much to the people who hold it right uh 20 goes to richard hart very easy to audit right not not very hard but reinventing recreating decentralized finance creating a new financial system that is relatively difficult and this is why in many cases why there will definitely be a lot more hacks in decentralized finance because that backbone architecture that's being laid out right now is going to serve pretty much the new financial system right and there's so much experimentation there and there's so much room for error like i was learning about the iron bank right so this is done by guys at cream and they're like a financial infrastructure which allows other protocols to borrow from them it's kind of like how the central bank works right so if any of these protocols are white listed and they're they need to borrow money from the iron bank inspired by game of game of thrones of course well they need to borrow that um there so we definitely see a more aggressive infrastructure in decentralized finance and you definitely see that the stuff that they're doing here is like it's like my mind is blown right like speaking decentralized finance right now is like speaking another language it's like you have to be very familiar with both how the current financial system works how certain elements are working together and then how some of that translates to decentralized finance some how it works how works together and then you now you're aggressively looking at something like composability how various contracts can interact with each other and how do you make sure that they all can communicate effectively without any breaks in command and that's a lot harder that is a lot harder so anyways as it's uh we got brandon smith says 500 people watching the next crypto pump is coming anyways guys by the way if you guys just enter make sure you do smash up those likes big big thank you to everyone who smashed up those likes and you know participate in our chats we're going to do a little bit more aggressive so um in terms of overall content this week a lot of content last week for me personally was just looking at the scene of everything that's going on hence this big you know uh blackboard or stuff i'm writing down you know what's what what is new right what is new what is on the front the cutting edge of everything so i'm pretty much decided on box money innovation zone which is the one where we talk about kind of all the new invent innovations coming out so absolutely they can get hacked they can get broken but at the same time they're the ones that are doing most of the heavy lifting in terms of the innovation that's coming into the space so we're definitely going to have innovation zone on box money coming up very very soon and discuss everything that's going on in the decentralized finance space because i feel like this is something i definitely want to be part of right because like you know a lot of people very very early on they're like oh box money why are you talking about all these like scams what's yfi what's this what's that but they're not scams right these projects are becoming now the blue chips of decentralized finance i know that word has been thrown around all the time in the crypto discussion rooms but it is absolutely true you know the big ones like ava right ava synthetics uh we got yfi and the whole ecosystem dome cream all of this stuff is now becoming so so core so when i first talk about it it might seem like these projects are jobs upstart lots of error put potential for error very very complicated contracts also but at the same time they're becoming super dominant just for example why if i i got in this super early right when was first being distributed out this is insane right this was all these coins right the market cap is 916 million at this current point so just a little bit shy of 1 billion all these coins were given out for free right okay yeah they distributed some for the new developers but the initial 20 000 all of that is what's given out for free that's insane right and that was really because of your farming they gave it out to people who were farming that token who were actively participating um locking up funds on that platform so you can definitely see that this is go um this is something that's worth talking about you know there are so many jokes about the space but if you really look and spend the time to figure out what is valuable what is not you're going to be a big winner in the space if you're not going to spend the time we're not going to spend the effort you you you know if you're just going to go and you know go on the elon doge thing who knows right but if you spend the time you're going to be winner winner chicken dinner for absolute certainty so anyways that's pretty much um out there so giovanni torgeska says what's your thoughts on our ava and everything else so we're going to do we're going to talk about innovation zone very soon and we're going to have an episode on that very soon so upcoming make sure you click the subscribe button we're going to talk a lot more aggressive about everything that's happening especially a little bit of the harder stuff too like the stuff i was talking about the iron bank and even a little bit more about tech right like avalanche has a lot of new other stuff that's going on and i definitely feel like it's worth it you know even linear linear is doing super well recently if you guys follow me i i went pretty big into uh lena linear and yeah it's one of those coins that just took off to the moon or it's right now now it's pumping like mad this morning right it's almost at one cent right now before it was at 0.1 cent i mean just look at the difference of that right uh in fact it was less than that so yeah this market is going up insane levels and i think it's definitely worth um exploring a lot of that so that's kind of the the idea of everything that's going on and we'll definitely have a lot of uh recommendations and suggestions as well going forward at this point so anyways i think that's pretty much it for today's news update wise so we've got the cme tweets um out we've got elon uh talking about everything i actually talked to um looking at the news i didn't actually see too much um real news to talk about yes they're progressive crypto laws i feel like yeah sure okay you can do that uh we got elon talking about doge you got some outdated news about you know the the ethereum dump which really didn't happen so not too much not too much um yeah pretty much that's the that's what's happening um jason louis's um yield app why not i hold yield um people are asking about yield app there's actually a lot that i want to catch up on to be honest um yeah there's been there's so much going on in this space like i feel like it's it's something that i want to double down on my time on um and at the same time it's like how do you structure your time like that becomes a very big question for me and um um yeah been taking a little bit of a break because i was just super burnt out from last week after all the clubhouse chats and everything i was like i was pretty much on clubhouse like 16 hours a day right and then i realized okay you know what it's time to take a break and i feel like that's kind of slowly um coming in i mean the weekend i pretty much did nothing um yeah that's pretty my guilty confessions of this weekend i've did nothing other than just the minimal amount of crypto stuff like just setting everything in order and then yeah today i feel like starting to get back into motion i mean it's monday but i don't really feel it yet i don't feel it yet maybe because it's chinese new year just around the corner so i'm like my mentality is like all about you know chill relaxing and stuff but yeah anyways that's pretty much this point so i'm gonna cut this episode a little bit short i think like this is pretty much what i wanted to say and instead of extending it too long i think that's that's pretty much what i want to give you guys updates on we're going to have more updates throughout the week and we're going to do the innovation zone as a separate episode so it's a much uh easier on me personally and of course if you guys want to join in the chats and the discussions make sure you leave a comment down below we'll try to open up the telegram group up over the week as well and with that guys i think that's pretty much it so thank you guys so much for watching today and we'll see you pretty much this week make sure you subscribe and that's it thank you so much i like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem first and foremost if you guys like listening to all that's happening in crypto on the go then i would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have long interview segments very much exploring the detail of the 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