(Wed) MASSIVE crypto FOMO - $BTC and $ETH reaching new highs. Alts to explode

good and we are clicking the go live button right now we're ready to start so ready to start guys welcome back to another episode of fox mining here man boy it's been a crazy few days i was like starting the stream this morning i looked my hair and i was like it's absolutely crazy i mean a lot of people include me included are not definitely not getting much sleep right now the markets are just exploding and uh yeah it's it's a fantastic time there's so much opportunity right now at this point it's crazy i mean this is the middle of the action right the bleeding edge of everything that's happening i mean if you regret not being in the dot-com boom or the app boom this is the opportunity that only happens every 10 years this is a big leap forward and yeah we're gonna see financial systems change drastically over the past few years next few years because of crypto and the markets are reflecting this so yeah the markets have moved up greatly over the since the last time we met oh wow oops the brave browser is not showing up right now but yeah let's do that all right that makes sense and let's just do a little refresh to see what's happening we have bitcoin at 46 000 i mean it broke through the 42 000 resistance that we had it just like surged past that we have this crazy insanity moment that was going on in the past seven days it's up like 30 percent we got ethereum up five percent at 1 800 dollars yeah cardano almost moving up to a dollar it's been you know it's crazy to see at least binance coin above 100 i mean the surge in the past day which is enough to make me crazy right because you guys probably know that binance coin is one of my medium bags one of the coins that was holding the more speculative coin that i was holding um acquired it at 18 i told you guys about it uh in my medium bags video you know what bags was i holding and binance coin was there and boy it's uh from 18 to 140 14 dollars right now that that's a crazy ride that is a crazy ride so i'm definitely experiencing those emotional highs um and obviously very aware of that too right so you know being in crypto i think that's something i learned from the last bull run is you just control the amount of euphoria because you want to make the logical decision and that's what i'm saying to myself every single day so i'm like a party pooper for myself like every time i'm like celebrating you know bring out the champagne and pop those corks out let's celebrate no no no be be logical be reasonable be smart here uh that's what i tell myself because at the end of the day right i want to maximize the amount of gains i get at this time it's uh it's definitely a time not to make rational irrational decisions it's about time to strategically plan out and you know there's gonna be times when numbers go down right i was um you know speaking of that as well you know i was talking to you guys on monday that i was a little bit fearful on sunday that the numbers were go down because of chinese new year that's popping up but obviously towards as we got closer and closer to chinese new year which is coming on this friday which is in two days actually the closer we got to it the less fear there was because dump usually happens before that and with the dump not happening we have the fear of missing out coming in which is why just before the stream on monday i was saying to you guys i was closing down all the short positions i had whatever i was just making sure that i was not shorting during a market like this and that was a great choice and i think a lot of people were asking me why short rather than sell right i already have crypto why short a lot of times it's because if you short you get the bonus funding rates um on ftx as well that's the only reason anyways um that goes into a lot too much detail but anyways if you guys want to know what funding rates are how the perpetual futures market plays and everything you know how to make higher iq trades definitely check out the new coming videos on box mining um the members only section we explain quite a lot about uh the the recent video on that let me just make sure that there's on the members only side so funding rates this is like two videos here that kind of explain what's happening with member um funding rates and how to kind of make money off funding rates um and how they kind of work in a lot of detail obviously stuff like this um the reason why i do it uh with a smaller group is because it's very very detailed content and it's not for everyone but at the same time it's important to know what funding rates are so anyways uh regardless we're going to feature that more on this channel as well so all right let's talk about what today's stream is going to be about today it is just a general chat up it's a wednesday stream normally i don't do streams on wednesdays but i felt felt like it's it's about time we talk a little bit more i think it's um two streams during a market like this it's not just just not going to cut it right you're going to miss on a half of everything so we're going to increase the number of streams and we're going to try to also make the streams shorter as well last time during the last stream on monday the live stream during the catch-up during that time a lot of people actually appreciated a slightly shorter format of around half an hour to 40 minutes so it's just more tight you know anyways that's going to be um today's episode we're also going to feature a little bit of innovation zone a lot of people requested that i talk about binance smart chain it's pretty much where all the farming action is now i mean the farming is back again and cake um you know guys i was farming cake since it was like 40 cents and now it's like a six dollars so right it's like my mind is blown like just even just looking and analyzing how much exposure i have to these positions i mean the amount of exposure i have just greatly increased right the amount of coins just like because the amount of coins is the same the value of those coins 10x right so uh you know definitely by my smirky smile on my face you can definitely tell i was having a great time um for a while and yeah we'll talk about what's happening on the farming front i think there's a lot of opportunities here as well um so yeah we'll talk about that today and we'll talk about suggestions and everything else coming in and i'll definitely appreciate um any feedback as well we have for this so let's get started let's get you know smash up the likes too all right so as with normal uh let's go very quickly on the markets and we usually take a look at the majors and what the big you know the the big market movers are doing bitcoin ethereum i'll take a look at everything here so very quickly just a rundown of what's happening so on bitcoin front we just broke past that resistance that we were having so throughout the month of january we were constantly trying to push up to 40k right so you can see here that every time bitcoin pushed to 40 000 dollars it got rejected right so there was a very clear rejection here at around 41k on the 8th of january that was when all the hype was going on when we're talking about michael saylor still about institutional investors and the post-holiday hype right but we got rejected off 42 000 and yet again we also see a little bit of that happening on the 15th of january and then another attempt on towards the end of january on the 30th it's only this week so this uh it was really on the 8th of february that we just broke past it so we kind of just like smash past and you can definitely see the bow um the bow is really putting up a fight here right because for a few hours um there was some signs of a rejection all right so the bears tried to swipe down push down the prices but no not no not gonna have any of that and this is largely due to elon musk right so if you guys saw what was happening on the news he was not only tweeting about dogecoin but he also bought 1.5 billion dollars of bitcoin just bam straight from the coffers of tesla so that really just sent the markets just like fomoing into bitcoin fear of missing out and there was two things that was really discussed in the article leaked in his filings right first of all he's just directly buying 1.5 billion dollars and we pretty much all saw that coming right to be honest he was directly asking about you know how do i even buy 1.5 dollars 1.5 billion dollars of bitcoin would i drastically affect the market price was there enough liquidity he was saying that around right three months ago and then people hooked him up obviously they knew people who understood the markets hooked him up you know 1.5 billion dollars actually doesn't drastically affect the price that much it's rather the news of that which affects the price because right now crypto markets are highly highly liquid so with that down he put 1.5 billion dollars directly into tesla's balance sheets that's kind of crazy right if you think about it so yeah that was the article for this a lot of people were just like wondering you know what what's the point of this right and how how did the the shareholders even agree to this right it's kind of funny because uh yeah i was talking about um about this to a lot of friends and uh you know they were they were they knew this was happening that but they were surprised that the board of tesla did not put a fight up a fight like this i mean what's the strategic value here like it's puzzling but at the same time you know elon right he he's at the forefront of everything he wants he knows what's up right and last time you know on monday we featured a clip where he was interviewed and said you know yeah uh he's pretty sure pretty confident that the future of currency is going to be cryptocurrency just a matter of which one so he's definitely putting his money where his mouth is in buying this huge amount of bitcoin for tesla so 1.5 billion dollars now why is this big news why does this really matter and impact the market in such a long term and why this is such bullish news i think a lot of people are like if you just regard the event sure tesla's 1.5 billion dollars um buying into let me let me try something cool okay oh there we go does this work for you guys anyways i'm just testing this angle you guys probably see this but um tell me if this angle works right oh i can't read the chat right there but you know it should work somehow but anyways um why this really matters a lot is because people are wondering what's the next company right i mean if you actually think about it um whilst the articles write that it's baffling that people would buy bitcoin like this but think about it how much u.s dollar was printed last year right 20 plus off the circulating supply of u.s dollars were printed so if a company holds a lot of usd that's a that's a deflationary currency right you're you're gonna wait that's not no that's gonna deflate in value it's an inflationary currency all right let's put the terms right there but you're gonna lose value right that's the scary part about holding fiat right now why there's so much urgency to invest is because the u.s dollar is being printed so aggressively if you're holding u.s dollars you should be worried right like it doesn't make any logical sense whether you want to go in gold or bitcoin that's up to you but regardless of what you shouldn't be holding shitty fiat right and this is a discussion that we have with my friends like typically for us we just need to have enough fiat to get by and then the rest you know should be in assets that don't depreciate aggressively over time so it does make sense in tesla's front and i think the bigger question now is which other companies are going to follow suit i mean think about it apple can follow suit i mean potentially they have billions of dollars in their coffers uh why not right and this is why it kind of opens the floodgates to um a lot of bullish action this year i think uh i think like now there's two kind of major thought changers that came throughout uh last year that we kind of like take for granted first and foremost this is actually um much more kosher to talk about bitcoin we mentioned this last year too you know with all these big funds with like michael saylor michael strategy going in to cryptocurrencies and making it viable to talk about them they now became the leaders right because they acquired bitcoin very early on during the bear run uh you know bear the bear season uh the winter so they acquired bitcoin 4 000 5 000 now not a bitcoin is at 40 000 or 50 45 40 000 they're very well off they're gonna be not only making bitcoin very kosher to talk about but they're like the top performers right if you acquire bitcoin at 8 000 or 3 000 and you made a 10x gain of that you're gonna turn some heads in wall street and that's kind of what was happening last year um the stigma around bitcoin has drastically decreased i feel like you know nowadays there's just not that much heat going on all right like you kind of see the articles like news articles they still kind of bring up the fud you know bitcoin has no value but that doesn't get much weight anymore you kind of see that on most market fronts that's happening and now elon made it kosher for companies to hold it you know elon um you know tesla is kind of at the forefront of innovation and what tesla really showed right with the the value of tesla also going up exponentially is that if you take risks you will be greatly rewarded i think that's very very clear with how tesla is going and how it works is that they took a lot of risks with the design of your vehicles with their manufacturing with kind of how they have like software updates and made cars in the tech product right that was innovative and that paid off and now going into bitcoin also is very innovative and that's paying off and i feel like that's kind of the valley here like it's very clear that elon knows what's going on and also very clear that there's more to bitcoin than just a currency i feel like this is kind of where the innovation zone comes in but we'll talk about that next anyways going on to the ethereum front of things so we have ethereum also it's it's at a very interesting point right now right because last time so on the 5th of february we saw some resistance at 1800 dollars right that was where i drew my resistance line to say okay look where how how fast can this market go but right right now we just passed that so shooting past that this actually gives this is make it makes the ethereum enter a very interesting zone we'll have to see if you know if there's going to be a rejection out here that's still possible you can see that uh we tried to rally to 1800 20 dollars and then it got you know kind of pushed back and we'll kind of try again but this is a situation where ethereum can also take off on an immense rally so yet again if it's a situation where i'm very glad that you know initially i was like oh let me cash out a little bit for for chinese new year just because of the uncertainty but as we grow closer and closer i definitely do not want to hold any shorts at this time um it's going to be wrecked very very soon so pretty much fat now on top of things right we have binance coin just moving up mooning like crazy the you know it's pretty abundantly clear right now that binance is um there's two kind of reasons for this one is because of new signups on binance coin so we're kind of analyzing this right i was discussing this with a lot of friends like why is the why is it moving so hard right i mean on january 29th it was only at 40 something dollars now it's past 100 right what's the reason for that and it can really be boiled down to two reasons one is new signups i mean binance being one of the largest exchanges out there they have a lot of new signups going in and you can definitely see that so if you guys don't have a binance account get one now like you know this is strategic you know value right like not even showing my affiliate code there is an affiliate code down there if you guys are interested in that there's affiliate code for both binance and ftx and i'm not even gonna like like talk about the other lesser exchanges like these top two exchanges are the ones that you want to have access to all right uh regardless so if you don't have one now if you guys are watching this and you don't have one just for your own sake just register you don't have to put money in there the reason why i'm saying this is because once it really starts going one thing that we've been noticing that during last crypto boom was explosion was that when you need to use those exchanges and you need to do your kyc you need to do a registration and all that stuff it's too late it's too late you're gonna be left in the dust right so getting getting exchange accounts both on um binance and ftx and getting kyc because kyc can take up to three to two weeks right now depending on which exchange um probably not two weeks probably like i heard like three days and potentially longer but yeah why you need to do kyc is because of those rich withdrawal limits if you need to withdraw more than two bitcoin you need to do your kyc so just to keep that in mind right like i've kyc on every single exchange and during the last bull market i remember binance accounts just registered accounts not even kyc accounts binance accounts were going for around two thousand dollars a pop this was when binance had to close registrations because of the influx of new users it was just going crazy right people registering like crazy they couldn't keep up they closed down registrations and then people who didn't have an account were just freaking out and buying accounts off the market for like two thousand dollars like my mind was blown right so make sure you get your exchange accounts in order if you guys want to trade anything on top of that i will throw bitmax into the mix as well bitmax i would say yeah bitmax uh maybe the okay okay or what be if you're if you're in that jurisdiction um yeah just get just register now like you will not regret this you will not regret this like it's all about having options you don't even need to put money into it just register right now because if shit hits the fan you are ready all right so um yeah uh wooden elements as well apple announced a btc investment that's that could be on the line right i think this is kind of like a situation where um you know we were all talking about this earlier right where it's going to be irresponsible for companies not to invest in bitcoin in the future i think that's kind of the the crazy part of everything going here so it might be a matter of time i think apple's board of directors will not be as easy to convince as tesla's board of directors are but you know um pretty crazy um hash hash hash has has amfa j says funding rates are high atm could lead towards a dump that's actually a very interesting um thing we'll actually look at that in a sec but anyways um definitely definitely register for exchanges if you haven't and obviously you know uh use the code if you haven't done that already all right cool so um that's happening right now so binance registration and also the other reason why binance is moving so much is because of their new projects listing on their launchpad so now they're doing a new format for launchpad uh let me just go to where is launchpad binance is so full of features now that i can't like okay launchpad right so savepal is coming up um but now what they're doing is they're doing a time-awaited average so instead of getting tickets they have a subscription period which okay so that was that was the one that was done so so during that period from the second to the eighth what was happening was that they were um taking up a uh a total amount right oh damn i kind of i kind of realized i missed this i knew this was happening i just didn't click the button anyways oh my personal note anyways good moving on that was kind of the reason why the prices were pushed up because um people needed to have more and more b&b holdings to get into safe pal and future projects coming up actually yeah okay and then there's binance staking pool so more use cases and on top of that as well there's also binance um smart chain which is gaining a lot of popularity right now like binance smart chain products like cake so if you know pancake swap is one of their uh big decentralized dex exchanges automated market making exchanges running on binance uh smart chain um pretty much right now you can do your your exchanges so let's say you want to exchange from bmb to alpha or bmb to usdc you can do it with minimal price impact right so it's one of most most convenient ways to do it and you can trade for a lot of other currencies as well that's not listed on binance and the other um if you actually look at cake and how it surged of course so i was farming cake you know i've been telling you guys i've been farming cake for months now and it was one of the only products that i had that i was okay with impermanent loss so i was farming this pool here so pools um on pancake swap i was i was in this one the cake pool which had one four four um apy so you put your actually no it's not this one i lied that is incorrect initially i was farming this one so this was from a long time ago at cake bmb and you get around 169 and then i realized with the price of cake surging right so this is something that's happening over the past 90 days it um it went from like 30 cents all right that's when i kind of entered 30 to 50 cents was when i entered and then that was when i was farming because i kind of felt that it bottomed out at around 24 cents and i moved up a bit and then i started farming and then just watching this thing explode to six dollars right this is just insanity i'm like i'm through the roof right now and towards around a dollar this is when i withdrew this liquidity pool because i knew that cakes prices were exploding so i was taking an impermanent loss when the price of cake was going up and then i converted that to the pools there so i just started just like um farming it directly that was kind of how uh my strategy worked out and it's just freaking insane it's insane um and it's kind of funny like i said um you know with all this stuff earlier um binance played it pretty much perfectly in this market they they had a very simple token like the bmb and a bmb is both for exchange use case and for their own smart chain use case i think that was a very very good play um on their front and it was very funny watching this right because the other chinese exchange would be okx which cz ceo of binance used to work at it was he was a former employee there um and uh you know there's a rivalry between okx and binance right and i was in the binance i'm not the binance i was in both i was in the binance clubhouse chat and also the okx clubhouse and okx clubhouse chat was they just got slaughtered right because they not only have two tokens so there's okt ok chain which is kind of a like almost like binance smart chain in terms of ideology but it's a separate coin it's not even their exchange coin it's not the same as okb and people got so angry and salty and i think this is where kind of market positioning matters um it just taught me a lot right just comparing contrasting that um it taught me a lot binance had a focus coin right bmb is for the exchange and for their ecosystem and for everything right so use the same thing and everything gives value to one coin right and then uh ok just used two coins they created two there got greedy because they can raise again you know sell another coin but by separating out that ecosystem it caused a lot of confusion and yeah that was pretty much that so anyways that that's the entire market moving up right now and you know if you guys are interested um now it's definitely a crazy time i would say like um you know like looking at this people are asking me what am i doing this time so i did sell some cake at around three dollars and around five dollars so de-risking around ten percent um that made sense for me at that time just to kind of cash in a little cash out a little bit but at the same time i think right now the hodl strategy also works because yeah like i didn't sell it completely i didn't liquidate my entire position it's not necessary um off chance as well since today we're talking about a little bit about innovation zone as well i'll talk about two of the other binance smart chain um projects um which one was introduced i think this was by peak um peak finance so on my channel one of um our community members and what he introduced was pancake bunny so if you're in pancake you can farm with pancake bunny obviously this is a lot higher risk okay so just just guys be very very careful about something like this but what happens with pancake bunny is that you you're allowed to it auto compounds your cake which is something that i recently got into so let me just get that so okay so what it does is it takes your cake so which is the one here which you're getting um 114 44 percent on and auto compounds it so what happens is that every time like it just automatically compounds your cake and then you also earn bunny on the side as well so i will i got into this pool so i kind of migrated so this is around a week ago i kind of migrated my cake pool to the bunny the pancake bunny pool which auto compounds it so um that was kind of crazy um it's a little bit risky because you're locked in fees for three days and also because you're exposing yourselves to pretty much potentially unaudited smart contracts but i guess this is like like i said i may do a warning beforehand um a lot of the episode today will cover very very experimental stuff it might blow up in your face um you know that happens and uh the reason why i'm taking also this risk to talk about this is one because of requests and second because it's all where all the innovation is so the way i see pancake bunny is because it kind of auto compounds that cake to earn more you get more apy right so you get around uh 600 apy and you get your bunny on the side and bunny prices are going up so i guess you know that's the magic of it right bunny token um pancake bunny just went up like crazy like when i started farming it was like 10 and now it's like that it's at what 40 everything is just exploding but this is when you have to be also very careful as well to be honest with binance smart chain um the other one is beefy so if you guys are um in binance um smart chain ecosystem beefy finance is also a yield optimizer for binance smart chain where you can kind of optimize your gains when with um this i haven't started using this yet in fact the kind of funny thing is i actually used beefy at the start and then i went out of beefy and into cake but now beefy is kind of popping again so anyways you know that's the market for you um and that's the fun part of crypto farming and mining so that's one of the mining aspects i'm doing so binance smart chain just really took off um yeah i'm static but out about it pretty pretty darn awesome to be honest but you know that's the magic of it right so that kind of explains the market overall right now it's it's kind of insane so all coin season is this all coin season starting to be i mean i've seen more insane times for all coin season but everything is moving up today just going back to the markets as well we have like chain link moving almost up 30 at almost at 30 you got elron with insane 200 this week it's at 204 i still remember when people freaked out about this e-gold thing right when elron transitioned to e-gold and because of the the coin combined but you know it works right now you know it's pretty insane um yeah the sole market is just insane avalanche was pretty much up 200 this week too so pretty much every day i'm at this point where i'm just looking at numbers and numbers just keep going up matic is also having a swell time with their rebranding so they're rebranding recently and i was going through the material and i definitely want to pay more attention to matic as well on that front so yeah so pretty much uh 24 past 24 hours has been just um absolute insane i mean safe power launched um i completely missed out on that that was my bad to be honest um yeah i had bmb and uh i should have staked it but anyways whatever um stuff happens and then we have also last seven days as well venus is just going crazy venus is also another binance project that's doing algo stable coins and it is insane and then we got um mr blunt honestly asked any thoughts on swissborg so swissborg is another 10x for me um so i'm through the roof from this one i'm still holding on to this because like i said one of the reasons why i got into swissborg was because they're doing entry points in very based in europe i mean the swissland swissborg aspect they're very professional they're getting the app and they can allow people to directly purchase crypto in um available regions including hong kong too and the thing is like if you actually have the swiss sport premium which is 50 000 coins you don't have any um fees associated to it so it's kind of insane how they're doing it and the way i see is that this market this run more people are going to come in right so more trades more exchanges it makes a lot of sense um the other one exchange token that i got into a lot recently is ftx it's also doing it's pretty much mooning at this current point yet again binance and ftx they're going to be two exchanges to watch and ft is a native token of ftx anyway this is crazy so yeah both um so i'll classify these as exchange tokens which i have a lot of exposure two all right so we got uh we've got blockchain discoveries is burger going to explode burger swap burger swap is uh is burgers all moving oh burgers doing pretty good actually interesting interesting interesting huh interesting anyways this market is just going insane insane but definitely you want to be um a lot more careful during this market obviously i'm very very careful and manage risks uh appropriately we got two donations thank you so much for sean red thoughts on oasis i have an interview of don um really really like what they're doing they it's stuff that people won't understand yet that's the kind of scariest part about rose oasis um they're doing privacy based smart contract which is just like out of of this world right they're doing um not just parachains but para time um all their elements in the configuration of that blockchain is just out of this world it's in terms of just design the way you can think about it is right now everything on ethereum is open right which is great open finance is amazing right you get to see who's investing in what you get to like kind of pry and figure out what's happening in terms of real fun movements you get to track the entire ecosystem figure out how much value is locked in a protocol and transparently figure out if you know if the balances are legit or not but with oasis it's completely privacy based right so you could you know you could review or could not reveal the information this um information the openness and transparency which is very powerful because if you ever think about the long-term applications of this is that you need privacy for some certain elements and in order to do that on ethereum it's actually going to be extremely expensive or not viable at this current point you know there's talk about zk snarks being implemented but from a ground level a oasis makes sense in sense of getting um from the design perspective allowing for um privacy contracts but anyways check that interview out with don son if you want to ask a question about oasis uh she knows what's she knows what's up it's just a matter of don song box mining this one this one a lot of people didn't um yeah it's it's it's privacy it's it's a little bit harder to understand but definitely check out why we need privacy that was like huge huge huge huge uh we also have pouncing penguin thank you so much welcome to team crypto um oosan oosan balosh says base protocol moon again any thoughts man that was like a huge ride all these like rebasing coins are just like a huge huge ride it can go like this they can look at that it's crazy but i still hold some i i wrote it all the way up i wrote it all the way down and yeah it's pretty insane um crypto hunkey says any uh thoughts on loop ring um looping is actually doing a lot for scaling and we'll visit that in a scaling episode in the future so i'll definitely want to talk about that as well um tons of stuff going on so zk snarks zk roll-ups optimistic roll-ups we'll have to do a full episode on that all right okay so uh we talked about the binance ecosystem let's go through the last bit of news right so we got d5 wars heats up um as curve finance tvlv hits four billion dollars 3.99 that's that's almost four billion dollars right so yeah these numbers are getting very very huge curve if you guys um know it's a way for um to form these very very large pools um the way i see it's very very large pools every pool is different every pool has a big strategy but you can say you can mix a pool between usdc usdt or the three pool leo was talking very extensively about the three pool as well um there's all since i last checked right so i last checked around there was like 12 pools but now there's like a lot more the reason why you want to have these pools is because you allow for more liquidity to be able to transfer so say for example you're a big fund you want to switch between usdt and usdc you can use curve as one of the big places with big liquidity also curve pools also have the added functionality that some pools can be more aggressive and they can deploy their capital in different ways and this is uh this brings us to the understanding of decentralized finance right so one of the issues that decentralized finance is solving right now is where do people put their money right a lot of people they just use to hold cryptocurrencies and i do that too because you know you can just hold it on a ledger and that's fine because cool right why not um why don't why shouldn't i hold it on the ledger but the issue of that is that it doesn't really make me more money right um you know if you if you hold it on a ledger it's static right but the way capital markets work in the real world is that people have deposited deposit in the bank and then the bank allocates that capital invests with that right so they have like property mortgages they they're loaded out or they do something they do magic finance stuff with it um and they make it they make more money with it right that's how capital markets work so bitcoin doesn't really do much of that but ethereum it's very possible to start that's this whole new decentralized finance revolution which is why curve makes sense why earn makes sense these are the kind of top names there i was talking with cream about the iron bank basically allowing capital to move between different projects and this is pretty much the direction of which is going right capital efficiency now obviously this is still very experimental and it really just popped in within the last six months so talking about this stuff is just kind of crazy right you know a lot of people are asking me why do these d5 contracts always get hacked and stuff because they're trying out super experimental things and a lot of the stuff you know uh one of the big mottos of why earn or why fi is uh or at least with andre crony who is the creator of that founder of that um the the the philosophy is testing prod right so you test um you're you're testing in production and the reason why that is is because a lot of these capital markets even if you try to test everything and beta test everything um you can't test user behavior right user behavior is completely organic so this is why a lot of these projects they're coming up they're coming up these new ideas a lot of it is experimental but if it works it's gonna completely break traditional finance like the way these infrastructure works i think about it they're exactly kind of replicating the exact financial system right now but with the added bonus of full transparency so you know where funds are going and where they're allocated and you know you can you can verify what's happening and that's something you cannot do with what when you give your money to hsbc like and that's a that's a bank i i like to bash on but if you if you give your money to hsbc who the hell knows what happens with it i mean sure there's regulation right is that money being loaned out to mexican cartel members to uh create the new next drug who the hell knows right it might be you know as long as they document it accordingly to international standards you know we all know how well that works um yeah you know who knows right um just google that up to hsbc and mexican cartel they have a very strong relationship ironclad partnership going on there we got la paint protections thank you so much for your five dollar donation um and yeah thank you so much pouncing penguin for joining team crypto as well we got questions on alpha and binance um sushi swap uh what do you think sphinx 3000 says what do you think about eng thanks and it's just really exploded it's also one of my medium bags i'm kind of increasing my eng holdings at this current point as well i feel like nfts coming into a big play um in fact i've been doing a lot of investments in that nft space if you actually look at the clubhouse chats you'll see the top topics are um you know obviously as exchange talks um then you got the bitcoin maximalist then you got defy and then you got nfts right so nfts this year is going to make a huge huge play as well decentralized finance that is decentralized finance and nfts it is crazy crazy also peanut walters thank you so much for your donations shout out to angela for the clubhouse invite um thanks angela yeah we've been trying to get and get more and more people onto clubhouse to talk about cryptocurrencies and i think like clubhouse if you guys don't know what it is it's this app on your iphone right so it's right now currently only in on iphone uh let me see this one uh there we go um that's clubhouse you just go to chat um like for example right now coin gecko is doing a talk and you can people can just go in and talk and one of the reasons why it's so popular right now is because it feels like a conference like you feel like you're listening on someone's chat and you can raise your hand to speak and a lot it's like reaching critical mass right now in terms of adoption and something that's kind of very very interesting is that um the people who adopted early they're the winners in the space right because they they know that there's the opportunity here so anyways if you guys haven't gone on clubhouse just come on try to get an invite somehow it's invite only at the current point but you know just just try your best do your research try your best to uh to get on so anyways cool um right so cryptograms is i'm in the coin gecko group right now is it good guys is it good cryptogram um course is how do i get an invite uh we're doing an invite sharing thing on the box mining telegram group but that group is currently closed if you haven't gotten a group yet and we'll try to open it asap the reason why it's closed is because mostly so there was just a lot of spammers and we were just want to increase the quality of the chat anyways um long long story short all right let's conclude most of the news here so i just brought up a few articles that i thought was quite interesting binance quietly drops a multi-million force defamation lawsuit this is kind of interesting so what were they arguing about so um binance believes that forbes article on the october 29th is false and misleading so they're saying that forbes apparently accused that binance is not complying with applicable laws and that forms harmed binance so that's an interesting fight out so yeah i guess i guess you got to be very careful when you're critical but at the same time i think they also made a few very like aggressive accusations and you know we'll have to see where this goes but yep that is happening right now uh we got defi wars we got ftx oh this was kind of funny block folio got hacked yesterday um there were a lot of uh racist super racist messages on block folio um and uh because block folio is owned by ftx um sam went out to make an apology for everything that's going on so ah funds of course are safe but all right undone notice well you know these big news um sites can get hacked um be very paranoid in crypto guys um one thing that's not mentioned here i mean obviously racial um racial insults i'm some people get hurt by it if they're very sensitive um i'm not going to downplay it but it's not the most harmful thing in crypto right if these guys sent out using block folio if they sent out links like fake links to metamask or to um you know websites that have rootkits um that would exploit your windows operating system or have um big flaws in them and you accidentally click them um not cool not cool like they can siphon all your funds right like you know for me just for for me personally like i don't ever get hurt by anything i've seen there's a lot enough hurtful things said about me on youtube you know everyone sometimes gets angry i have the most punchable face whatever right but at the end of the day if i lose money that hurts a lot more right so something to be very careful guys is that every time you click on a link do think beforehand you know like um is this a trusted source unfortunately because of the way the modern internet works a lot of websites can have potential very very devastating attacks on your browser which compromises your browser and compromises computer in many ways this is why we have either a ledger or a treasure to safeguard our keys is because the key the cryptocurrency keys are kept away from a computer the way the computers work regardless of windows or mac is that they're based on very very complicated architecture which is much easier to exploit than these dumb devices like you can view this as a dumber device and they have a lot better security procedures on there so i'm not really even trying to show it it's just like at the end of the day you guys will realize like anyone who's been in this space for longer than a few years they'll they'll be paranoid af about everything like i'm i'm on like maximum paranoia right now in fact anytime someone asks me to send cryptocurrencies i ask them to verbally say the last five digits of the address just in case that there's a memory hack on my computer which replaces the um the address the cryptocurrency address with another one this is completely possible like a virus can actually change your cryptocurrency address to the hacker's address and display on your screen and when you send that you get the wrong address so that's why i ask for a verbal confirm so that's kind of like a um a level of paranoia that um i've developed over time just like these like best practices to make sure that you don't send funds to a wrong address or to a hacked address etc it's all about it's being smart enigma vsn asks what key loggers yeah key loggers are like even worse um that's worse zodmv says how do i become a youtube member so youtube member is a new feature on youtube um it's i think it's available in most regions so if you scroll down just click join so if you go on this channel and you click say join here um let me see this one uh you can see perks and you can manage membership so we can not only subscribe but join as a member to this channel depending on region so in hong kong dollars is around 25 dollars um for a month um but yeah it's it's it's negligible but it does help the channel and we use that to um kind of fund community projects etc uh michael lewis says that's not paranoia it's just best practices there's also a lot of paranoia as well like i'm very very careful about a few certain things anyways um yeah that's pretty much um michael lewis says if people are really out to get your crypto you are you're not paranoid there's once i mean the worst thing i did once i'm not telling i'll still i'm still in the middle of sorting this out but one of my accounts unfortunately was hacked it was just one isolated account i lost around four thousand dollars off that probably it's worth a lot more at this time because it was four thousand dollars worth of ifa at that time so very likely it's probably worth like twenty thousand dollars now but um yeah that was devastating like um the crazy part craziest part of that was that um like i just checked it and all my balance was gone and that was just because of one slip up like one very very minor slip up it was just and it was a combination of like the way i did post-mortem on that right because a lot of people didn't expect that i would have something like this it was a combination of multiple mistakes that led me to have a compromised account and when i moved money to that compromised account it was immediately gone like oh man it was just like it was lightning speed the funds were gone and uh um i had exchange accounts at that time and the moment i moved there i it was like a white list address so i had to move funds there and then the moment i moved funds there i was trying to fight with the hacker to see who would move out funds faster and the hacker won so anyways um yeah don't don't be an idiot don't be an idiot it's um and i was so scared because when that one account was compromised i i was worried about my entire stack right like i have isolated accounts for different things that's how i set things up it's like it's a it's a web of complications but the good thing is it's because it's isolated in that one compartment sure um anything under there sure fine i lose it okay qq i'm not gonna cry about it but if it affected the entire system that would be really bad right so i was like super paranoid for like a month just like scanning everything on my computer all my files don't let that ever happen to you guys um you know hardware wallets are the way to do it and that was just like one time like it was a combination of lazy it was a comp it was like a lazy mistake after mistake after mistake that led to that um yeah please um uh tmo says can you learn us how to join projects like cake please it's a lot of risk i think like i definitely talk a lot about um newer projects in fact i was talking about cake for months like just people didn't care it's like people care after it blows up but like the way it kind of works right now it's like i have one project kind of constantly blowing up every day right and it only makes sense right so i don't know get exposure to get exposure get exposure anyways we're we're bernard mccarris we're at 47 minutes guys i think that's pretty much it for uh my preaching how much i really want to talk about um talking about innovation zone so we're definitely going to talk about more projects and cover more ground um in the next few episodes i'll definitely cover a lot more about defy this episode was mainly primarily based on binance smart chain i hope you guys can use it i'll do a tutorial if you guys want about how to use smart um binance smart chain i just use it directly with my metamask account so the procedure is pretty much exactly the same that works very well um yeah pretty much so um yeah pretty much here also i would also want to say um one thing that um is that there's a lot of scammers right now especially in the comments section so you know the admins and the team we try aggressively to remove spammers in the chat especially the fake box mining that's paid posting up a whatsapp address and what's up number do not ever contact anyone with a whatsapp number down on the comment section we've been trying to fix that problem but youtube is just the worst like youtube just sucks for finding out spam or sorting that out and it takes like a long time like every time what we delete a spam message like 10 appear in this place so i'll do this warning for you guys right now like right now the number of scammers in this place is absolutely phenomenal it's crazy just be very very careful there's no one there's no free bitcoin okay there's nothing like there's no free lunch i was a big model in 2017 it's way more apple copo now in 2021 there's no no one's ever going to give you free bitcoin all right that's that's a given you they're going to ask you to either do a trade or just going to scam your money so be very careful about anyone who offers it never trust anyone who puts a number down in comment section whoever whoever can recover your bitcoin or double your bitcoin and contact this number on whatsapp or telegram absolute scammers obviously like obvi right um what else is scam uh like tons like fake box mining is another scam like we got fake people with proper like the way youtube and telegram works is stupid right like someone can create a box mining like account and name it box mining put my photo on and try to pretend to be people right it doesn't it takes literally three seconds and this scam is appearing everywhere and people are falling for it that's why they're doing it right it's obviously that some people are falling for it don't be those victims please so i'll end on that note um that's pretty much it so we'll do more um updates um the next update scheduled one is going to be on next friday so if you guys check the live stream section i'll put the link up here um that that's going to be the time for the next live stream but i hope to do a few more um i'll try to cut these streams a little bit shorter so it makes a lot more sense for me as well so the next one is in 47 hours i'll post this up on the stream chat today and we'll see how it goes we'll see how the market responds but i'm i'm pretty much excited so anyways guys um eve to the moon right now i'm definitely very very excited to see where it's going to go next especially right now as we're breaking out of the box and hopefully hopefully we're going to explore it 2k so anyways guys thank you so much for watching today i really hope you guys have a great day um come chat with us sometime in the future as well um i'll love to hear everything um that you guys are saying and with that guys thank you guys so much for watching and i shall see you very soon and we got um turkey dinner fridays is for number cars exactly yeah thank you guys so much see you guys 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 newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto a playlist and i just follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video yeah who Thank you.