Bitcoin and Cryptocurrency Update Friday 12th June

we are getting the stream up we're trying to see the the stream is in excellent condition so youtube tells me so we should be ready to go live welcome guys back to another episode of box mining here where we take a look at what's happening in the bitcoin and the cryptocurrency markets in general we're going to take a look at fundamental technical analysis everything today on today's live stream and guys you probably noticed i'm streaming from my new location i am super excited to see stream and just use the space sorry for the little delay getting the stream started it's just just a lot to set up and stuff so big shout out to chat thank you guys patiently for waiting thank you willie p thank you bernard makarius thank you ronnie petite for waiting and angela wang bernard makarius for and dank life as well guys welcome to the channel make sure you smash the likes whilst you're here really does help out the channel and of course we're gonna have a discussion at the end so anything you want to talk about live chat is here for you now yeah i'm very very excited to show you my new space i'm still setting it up there's still a lot of things lacking i mean this wall here is barren my seat here um i still have a step ladder as a stool right now that is that is my seat that is that is what i'm using um there's still a lot of reverb here but you know what we're gonna i'm loving this space because i get to just chill out and set this up so i'm pretty excited and i hope you know you guys can enjoy this new location as well so anyways let's take a quick glance of what the hell is happening with the market and yesterday there was actually put a lot let me figure out how to change this all right um and boom all right so past 24 hours has been rather eventful so for the past eight hours people were almost freaking out last night so just before i was heading off to bed bitcoin started dipping it started moving down and that was scary for a lot of people so we have bitcoin here it we're at the edge okay so we're at 9353 and we're kind of at the edge here so you can see the channel that i drew earlier from this kind of wedge channel that was appearing so we have lower highs and higher lows that was the pattern that we're seeing and the bottom line here this reflects kind of the support that we've been seeing in this space and yesterday we just touched it so just last night we just touched that support line so at 9100 and then we bounced straight back up we just said you know what guys nope the bears are not gonna have any of it not a cup of tea right now and that's pretty awesome so that was the excitement we saw last night so bitcoin finally moved i mean for the longest period of time this week it was just stuck there it was literally glued within this channel that was many channel that appeared which was only around a hundred dollars so it was very boring time for bitcoin that was that was the issue was a very boring time i saw a lot of trading channels and like oh we're bored oh my god it was so boring on the bitcoin scene but obviously on the altcoin scene it was blowing up because bitcoin rallied so hard especially during the halving and a lot of people gain profits it's kind of logical and expected to have a mini altcoin season which is what we have been seeing for the past week as well so whilst bitcoin itself wasn't too exciting even right now i mean a movement of five percent isn't too crazy but if you just rank everything i really miss my stream deck by the way i'm just i just have switching between this is so painful but i mean kyber has been dominant in a lot of conversations in fact yesterday i had a call with one of my friends isaac and the first thing he said was like oh my missed out on kyber i mean i had a call with them i was so close to them and i missed out and you know there's like a lot of regret in the space because the altcoins are showing i mean this is like 60 percent movement i mean we got v chain up 33 percent it's almost hitting that one cent mark which is insane i mean if this is old prices this would be a dollar right before the split and i think a lot of altcoins what happens is like this is um what exactly what i'm doing now is extremely dangerous because you kind of have a lot of survivor bias because you look at the top seven day and you're like oh my god all these things are blowing up but that's of course all the winners right so it's a very dangerous viewpoint to look at but at the same time it does reflect what is happening there are quite a substantial amount especially in this last seven days of altcoins going up and it does seem to be asymmetrical and i think this was a key highlight of a lot of altcoins and why a lot of people chose to go into the space so the asymmetry here is that the coins that are going up they're going up by 60 percent 70 like six this one's 60 50 30 and if going down the max is theta and that was right after a pump as well so going down 20 percent so you can see the asymmetry here where if it does go down it's less but if it goes up it can go up phenomenal amounts which is why a lot of people want and readily jump into the altcoin space even though knowing the risks like knowing full well there are a lot of risks associated with that so anyways that's kind of the my two cents i'm not financial advice nothing on this channel is financial advice of course but that was the mini altcoin season and it is still the mini altcoin season that we've been seeing and one of the things i do want to talk about as well is kind of the two viewpoints right with altcoins so one of the viewpoints and a lot of people adopt this is the short very very short term trading so a lot of people they just go up for the rally and then kind of disappear afterwards and it dissipates and this is a very dangerous mentality i'm beginning to understand more of it it's something that i don't usually like to go to but i understand why some people love it and we've seen quite some crazy results from that i mean there was a case when someone was really hyped up about matic and matic went up and then went straight down like 80 percent in a day right i mean these are the insane risks that some people take and the other side for me i typically when i'm going into altcoin typically speaking i go for the long run but that's also got its downsides too and one of the stories here i mean a lot of people were talking about v chain i mean am i still into it yeah of course but the issue was that with v chain it was brutal during the winter during the the the crazy months where it did dip let's just look at the past 100 actually let's look at the yearly view right uh yeah that happened and that was brutal i mean to be holding on to be exposed to v chain during that time it feels horrific it's even though i did all the research so you know with me i do a lot of research into everything but a lot of times it's so really hard to emotionally fight off that price bias that we see a lot of times during these dumps there's a lot of people who are motivated to actually send out negative news v chain is a scam it's over it's done exit scam and there were even videos i think one of them was pretty historic that she called crypto video he was like oh box mining exposed v chain's a scam all this and it does get to you i mean you know it's false and you know that it's not even information he's just making stuff up about me but at the same time you're just wondering oh my god that's that's some people might believe it and you know ironically what kept me going was the idea of a reverse indicator so what happens is that there are some people so i pointed out so chico right there that would be for me one of the strongest reverse indicators so if he's very hyped up about something usually doing the opposite not being hyped or selling or shorting that will be a good option for me at least and if he's saying this is garbage this is trash maybe it's actually worth looking into and i hate to like do this but there are people like that in this crypto space i'd love to hear your chat about it like who's your reverse indicator there's like warren buffett might be one of them i mean peter schiff might be one of them i mean those are probably famous examples when he's taking a crap taking a dump out of bitcoin and saying it's gonna go to zero i actually feel pretty bullish right now like he's becoming someone who i love to see this bitcoin because he's ironically super wrong right so i'd love to hear what you what you guys say um chico is a clown but that's the issue right i mean i guess at that point there's two sides i mean a lot of people like the drama but for me i just use reverse indicators to end to kind of understand to come make my mic can't speak properly today but using reverse indicators as a way to judge where the market is and where the sentiment is going for me has become extremely powerful and there has been a lot of times where people have been dissing youtubers etc but i think they all provide some form of valuable information whether it is what not to do in the space and whether you know what insights can be collected in space but anyways i don't want to rant too long about that but honestly during that time it was brutal i just felt it felt bad especially looking at assets go down in value and you're like oh my god it's almost worthless now and then now of course obviously getting attention and being good i mean finally okay this it's for me i would say it's kind of a relief right i don't i feel like it's something that finally people are understanding and taking the time to look at which is extremely important and we'll be doing some more updates so just in terms of updates on videos and everything so i've got this new space set up here i'm trying to familiarize myself with using it but one thing that i definitely want to do with this space is to kind of resume the series talking about different cryptocurrency projects and we're taking different votes from the community for what coin to cover what should we explore in depth so one of the coins that we previous cover covered was definitely ethereum 2.0 so that video went out really well to just kind of tell you guys a little bit about what's going to happen with the staking with the passive income um everything over there let me let me just figure out where that is um ethereum 2.0 um that that this video so it's like 37k views it's doing really well so thanks guys for that um and let me just high chat chat here oh man this is this so i miss my two screens this is what i miss right now so i'm just trying to figure out how a good way to interact with chat right now so um let's see box mining your channel please let me interact with chat so still a few hiccups on this new space um not being able to have chat up there is one of them um but yeah i mean everything is a scam apart from um coins i own lol um let's see just okay so yeah so that was the video and just for a quick update so two videos are coming definitely a v chain update and a cardano update so two updates coming up very soon and l run as well as looking at the staking mechanism so being looking at the staking coin recently as well so i'm actually pretty excited recently for a lot of crypto and um i saw a lot of videos about people talking about all coins now um i guess it's the it's that season again right so i think here i'm more or less focusing on updates on coins that already kind of have been deployed in progress and that's kind of the objective just kind of understand what it is in the long term and we'll also you know dig a little deeper and that's kind of the uh current sentiment so we got a question from ney patriots do you believe btc will crash with the stock market so i definitely feel this there is some form of correlation there so i think there's two viewpoints to take it in the extreme short term i think we kind of detached from the market right now but i don't believe that detachment is going to last because what happened during the coronavirus scare was that bitcoin suddenly dropped along with this along with the stock market it also tanked i mean bitcoin tanked even worse than the stock market so it actually showed that there's some people who still view bitcoin as a tech product rather than as a currency as an independent store value as digital gold there are investors who view this as just a tech product it's technology blockchain right that's a fad word that's being thrown around so i do believe right if the stock market does fall that it will take it will take bitcoin with it to a certain degree and then what happens is that there will be a recovery phase yet again where people start to understand okay and that that's exactly what happened with a stock market crash too we had this recovery immediate recovery phase for bitcoin where people are starting to understand oh actually you know what bitcoin is not just a tech product it's also a store of value there's only 21 million of these things i mean nothing more has been printed and when the money printer goes brr brr brr brr brr brr brr so what i think it will there will be correlation and then i'm expecting also a stronger recovery for bitcoin in that case what about ada so jay part asked what about ada yep cardano is being made so the video has been started i've asked quite a few questions about what what to be presented in the video a lot of people want to talk about the staking with ada and that's definitely on the list as well um we got ham 003 says much love from louisiana we're ready to serve wave two now we have zero saying if btc consolidates will alt rise and i think this is a big question going right now so everyone knows it's altcoin season i think we've seen quite a lot of top altcoin hodl predictions just jumping on that wagon right now becomes so the the way i take it with altcoins is typically i hodl onto them so i've been hodling onto vchain for a substantial amount of time and during the hype wave that's when i start looking okay look what's my position gonna be at right where where is my goal and i think this is the higher end strategy higher level strategy that you want to be to be actually consistently winning in this space so for me i don't usually buy during the hype that's usually the case so if something goes up 60 it's actually really hard to chase that hype for me personally right um not financial advice i have to be very careful here with all that stuff but for me personally i don't chase that hype so typically speaking i look at something that's worth long term or that's actually genuine using something that's awesome and then i take up a position there are some times and i'll do there are situations when i do take up a short very very short term trade that's viable if i know that there could be potentially some crazy amount of hype that other people don't know but that's another story for another time so we got comparison of facts xrp price in 2020 so confession here and you guys probably know this xrp is a coin that i did not ever acquire in my portfolio and the reason being is i typically don't feel like there's a need for a kind of banker's token in the xrp protocol so i've always separated these two the protocol the technology itself i think it's going to be great that it's way faster than swift but why would banks want to use another you know shit coin um that's going to be much harder and i mean a lot of people argue with me about this um i've taken a position where i don't feel like it's very valuable at least in my direction and do know now i'm a bit more open i'll be uh saying that yo you know there are people who like it you know that's great um we got ronnie patisse's garbage xrp i'm not gonna go into a war anywhere more i think it's um it's not necessary to go there i mean that's that's just the honest truth about it and i know a lot of people who are into xrp and i know a lot of people who are xrp fans and i respect them for it we got dank life doge is a great fomo indicator yeah meme coins i never really got to meme coins either uh those are two things like so a few things i never really got into and meme coins being one of them and the other one being any fork of a coin so whether it's bitcoin cash bitcoin sv ethereum classic any fork off the original coin um yeah i just felt like i'm not a very fork person i feel like there's always a potential sell pressure from the people who will hold the original coin that isn't worth it we got ronnie patisse's zilliqa and the theta so i think a lot of people are really into that so typically speaking okay here's my take on everything right so bitcoin being the father of everything so let's move back to where uh where where everything's going right now and it's just kind of the narration on the market right so why everything matters with bitcoin is if bitcoin holds steady i feel like the altcoin market is just still going to blossom and bloom there's just a lot of nutrients for it to bloom right now if you think of it as a plant i mean bitcoin just moved up that's provided a lot of fertility nutrients into the soil and if bitcoin as long as bitcoin stays here and if people are getting bored of bitcoin not moving up and down obviously speculators will jump onto altcoins which is kind of what's happening right now now this can go on so long as bitcoin remains boring so if bitcoin remains boring this is going to be a super fertile ground and i still think it has legs for at least two to three weeks not a very short not a very long period of time but that's usually how it goes and this is the risk you take right so i feel like it still has legs what we have what we're seeing on the bitcoin front is that we know that um the range for bitcoin is tightening to a point where there is going to be an apex so moving close to this point moving close to here let me just organize that a little bit better so at around here as you can see these two these two lines are going to start to meet it's going to force bitcoin to make a decision decide where you're going to go buddy i mean are you going to go up are you going to explore new territory in 10 12 13 14k are you going to go there or are you going to go straight down and this is where i feel like this is where bitcoin is going to impact the oakland price if it goes down if bitcoin goes down i strongly feel that all coins will be taken down with bitcoin this it's logical i mean there's so much price correlation with bitcoin right now most people most all coin most all coin trainers still think in terms of satoshis even though personally for me i don't believe that a lot of these projects have anything to do with the original goal of bitcoin not dissing it i mean they're actually expanding far beyond it and it's very different and i kind of had the mentality that they should be completely detached from bitcoin because they're no longer just about the bitcoin goal right but that's not the case that's right now in 2012 20 not 2021 2012 what am i thinking right now in 2020 people still have that correlation of bitcoin in mind so bitcoin goes down definitely going to take down all coins with it now the conditions if bitcoin goes up if it rallies strongly so something to 14k i can see all coins strongly being diminished i can see the market just getting kind of bowing down bending the knee if bitcoin goes 11 12k i still think all coins can rally with bitcoin as well reason being is that last few rallies when bitcoin did rally all coins were also rallied up with bitcoin it's only when bitcoin makes these phenomenal moves when people have serious fomo where they start pooling the funds getting out of all coins then dipping dumping that and going straight back onto the bitcoin wagon so it really depends on how much bitcoin moves and this is where the uncertainty comes in so that's my current take on what is going to potentially happen in this space so scenario one bitcoin massive rally all coins they're going to just bend the knee so you'll be lucky to stay at the same value maybe dip 10 20 depending on how how strong that bitcoin push can be if bitcoin just slightly moves up 10 20 into just a new territory exploring that all coins very likely will follow that my my two cents and then down if bitcoin moves down i think all coins will also move down in similar proportions and it will also spell an end to the out season as well just as people start losing money they're not as willing to take risks anymore i think generally speaking people are very emotional animals i think that's that's one core consideration to to consider even though we're in the age of bots a lot of bots if you talk to a lot of bot makers their bots actually mimic human emotion they try to predict human emotion and i go for it if there wasn't human emotion the market would just be one you know one steady flat line oh bitcoin's valuable let's just move up no action just very predictably moving up but that's not the case and that's just life we got ronnie patisse's tether is stable of course for now at least for now at least um we got phil max says btc no bittrex and whale manipulation but let's be honest here um we've seen this argument before as well and uh there is definitely a lot of manipulation in bitcoin in fact we've seen the the effects of this too i mean just right over here you can see that massive spike the bart simpson pattern and that's a very very clear sign that there is manipulation going on i mean that's literally within one single candle and one single candle going up and going down and this would actually this type of manipulation would actually destroy a lot of traders so traders who are taking a short position here they think bitcoin is going to down if bitcoin goes up that will destroy their trade that will obliterate their trade that will maybe even obliterate their account depending on how much leverage they're using and then same here if you're still taking a long position here and maybe you took a new long position and this would just obliterate you too so we saw a lot of um so during this time what we saw was there was a lot of action happening and also ironically there was actually very low liquidity on a lot of exchanges right now so i mean if you if you want to look at evidence for manipulation we just saw that on june the 2nd so that's less than 10 days ago but that being said of course bitcoin i would say just more blatant more obvious version of what's happening on the stark stock market so on the stock market there's a lot of blatant there's a lot of manipulation going on especially with the big banks investment cycles and you kind of learn that it's all about relations when it comes to trading in the finance space so being in hong kong i talked to a lot of traders here especially in the finance space and one of the reasons why they choose not to trade or not to fight a particular bank be it goldman sachs or what particular position they're taking is because these banks can manipulate like crazy so investment banks or hedge funds particular funds they become your kind of house almost when it comes there so i would say manipulation happens everywhere just in bitcoin it's a little bit more obvious and that actually makes us a little bit more kind of aware i would say of that and kind of not into that denial where oh there's regulators who can protect us because we kind of all know what kind of a joke that is we got usa has a limited exchange for cryptos that kind of sucks um yeah says rodney petite i mean there's not just limitations but there's also a lot of limitations about talking about crypto so i mean even just recently just youtube censorship on cryptocurrency discussion on this channel even i mean that's been pretty toxic to be honest like consistently i'm i'm to a point where i'm just like i'm so used to it by now i'm so desensitized by youtube demonetizing banning limiting our channel it's just like oh my god it's like i'm just rolling my eyes like oh my god it's happening again isn't it so you know that's where you guys really matter um i had a phenomenal amount of support during that time we created the membership for this channel during that time as well to support this channel and also for members coming up i'm also offering some very exclusive content just to thank everyone who is offered to support especially when censorship did happen and for that i'm making a special set of courses that really teach you some really crazy hacks in crypto like getting the cheapest transfer fees like how to min max that bitcoin transaction fee and also more importantly recently how to make your ethereum transactions more private so something that i've been very paranoid about recently is what happens if i send an item to someone or be it a ethereum collectible a token they can start tracking my wallet they can see exactly what's going on and what enter what i'm doing with it that becomes a rather big problem and one of the ways of course is using mixers and that's really bad mixers or something you should never almost never use because there's a risk of course of mixing with funds that are from the black market and that's just really toxic so i'll teach you a little bit about how to get a little bit more privacy on these coins and that's coming up on the members channel as well as just up as big thank you to all the members and supporters of this channel we got mark carter says the the virus audience might have left so we did on this channel talk a lot about coronavirus i provided and i think i'm really happy like from a conscience point of view i provided the information that was necessary for people to kind of make preparations so just to cut through that mainstream media bs providing real information that was there that was one phase and i think i'm happy that i did that it's just like from a from a moral standpoint i felt like that was something that i needed to do especially because in hong kong we had the experience with sars so sars 2012 we were there so anyway so right now that that's happening we got zero so coin join is bad yes so coin join and other coins um so what i've been finding out recently is that if certain mixers for different cryptocurrencies if you use them should try to gain anonymous anonymity anonymity anonymity anonymity anonymity anonymity for your coins can't pronounce the day of all but for those mixers sometimes if you do get caught mixing with black market coins or coins that are illegal they can be tagged and if you send those coins to an exchange your account can be frozen without warning so this is something that i've been learning a lot about how various companies track certain coins especially there's something like chain analysis they can do some very deep forensics about what happened to a particular coin so if those coins that you used in mixers coin join etc enter a particular exchange the exchange has the right to freeze that account so that's actually really bad and they can do it without warning and just like your whole entire account so that's something you should never touch especially if you have a lot of crypto in there yeah okay so so what's good way to stay anonymous that's going to come in the members channel members only for now but yeah so i'm hyping up that stuff there's some good ways there's some legal ways as well but obviously they do involve some form of kyc any form of um but this strategy is mostly for people who just kind of want to hide stay kind of stay anonymous i mean at the end of the day i use crypto a lot actually and i start sending crypto to people and i don't want them tracking my entire wallet so i end up creating like 60 different wallets and it's just a pain to manage so anyways long story short we got dank lives it's manure there's also a lot a lot of people don't notice but z coin z coin i've been getting to z coin recently and i'll talk a little bit about why not just because i want to talk about shit coins or you know just bear with me i i'm very affectionate with the word of the use shit coin it's a kind of a fun thing for me but anyways um shad says anonymous with kyc so anonymous with kyc basically means that people can't track publicly what you're doing but the exchange can know your information so that's the only legal way to kind of gain anonymous anonymity is to have a kyc account but also sometimes what happens is that you know exchanges use the same address which you know anyways it gets messy i'll i'll talk about it in more detail after i get my thoughts together and that will be on a video for the members only channel um let's see jpars says monero might get you flagged monero like privacy coins are a touchy subject and depending on regulation so for example in japan you can't have any privacy coins at all that's just regulation but in other countries depending on which regional jurisdiction you're in you can use it and honestly guys i think a lot of people also use vpn when it comes to keeping anonymous and you know that's maybe a consideration as well so anyways guys thank you guys so much for watching and by the way remember to hit up those likes it really does help the channel and i'm sharing a lot of this information just for you guys so really appreciate it if you can just hit those like button i know i hate i hate doing this too i mean every time i say this i hate doing this i hate saying oh smash up the likes it's so boring but anyways anyways we're going to cover a little bit of news so let's see this is kind of funny um so um i'd really like to thank mike for sending me this um so this was this was definitely not a mistake but anyways the title says someone just made a 2.6 million mistake on ethereum so they're sending 130 over but they actually paid 2.6 million dollars in fees holy crap holy holy crap um so let's get one thing clear i mean if you have 2.6 million dollar 6 2.6 million dollar worth of eif you will not make mistakes like this um you like unless you're extremely dumb or extremely lucky to have infinite amount of eif you would know how to use it properly and most wallets almost all the wallets will never allow you to have that's that high of 2.6 million dollar fees this is intentional absolutely i would say absolutely this is intentional it was designed either to tip the miners or to launder some ethereum the way that works is these fees become a reward for miners so that's what miners get miners not only get new coins but they get all the transaction fees that are being added to the block so theoretically speaking if your hash rate or if you have a temporary amount of hash rate that is strong enough you can have a high probability of gaining these fees and i think that's likely what happened so what can be the case is that this person they might have had some dirty ethereum that was maybe involved in particular events let's say like dirty ethereum right so if they have dirty ethereum they can just use that as a fee and they'll go to the mining pool and if they own that mining pool they'll get the reward so it's like it's a complicated way of sending themselves a transaction but that's very likely what i think is actually the case but anyways it made the news it did go to one of the pools i actually i actually know what pool so i went to spark pool um i don't know we'll have this follow up spark pool might do something with it they're you know they're investigating it they're investigating why that is so we'll have to see we'll have to see um need need patron says i'm sure it's pretty damn easy to launder money using crypto yes and no so with crypto there's two sides crypto transactions are extremely transparent once you know who the identity who the address belongs to so the moment that happens you can track everything that can happen with that account so even if they try to mix it law enforcement can still try to kind of find what what they mixed it with unless you're using monero but bitcoin ethereum much harder to launder and they can still eventually track down and close particular accounts so it's not as easy as you might think and i think the myth is that bitcoin is anonymous and it's like it's totally for money laundering it's not always the case chain analysis has been very very strong um in recent years and the tools finding particular clusters of funds and tagging them that has been one of the it's making it's making bitcoin a lot cleaner which is good um sunny ramen says i think v chain will hit one dollar in the near future what do you think i think um you know i love v chain i love what they're doing i i always refrain from making these crazy price predictions i mean you're talking about another 100x right and uh i'm a realistic guy i want to see developments i want to see applications i want to see real life use case and yeah eventually if real life use case does come and this becomes pivotal to supply chain management to tracking to authenticity that could be possible but streaming that now i think it's not helpful i would say um i really think like core understanding of what something is will get people in the right mindset at the very least um chinese chechno says remember when v chain was ten dollars so v chain had a chain split right so um it split off into one to a hundred ratio but anyways complicated story long story short um yeah so it's one to a hundred that's why it's a hundred times less valuable right now that's why i can't calculate rl i like that as well um okay looking back in comments oh yeah playstation 5 is being released i mean that's the hottest news today i saw the ad for it i'm pretty excited for it you know one thing about the playstation 5 i found is that it looked completely different from the renders that we saw right uh ps5 it looks sleek it looks cool the animation the the graphics demo i saw with the with um it looks pretty fantastic and the controller actually looks really good so if you're a gamer i don't know i'm pretty excited for playstation 5 i mean the controller looks awesome the machine looks a little bit clunky okay to be honest i'll be honest here it looks a little bit clunky uh uh what was it what was the what was all the fake ps5 images let me let me see one the one that was really ugly like thank god it's not this one we saw this one earlier before it was really ugly at it i didn't really like that i didn't like the direction where it was going with that but this one it's like it's a real machine hardcore real i like real stuff i like real stuff um let's see what else is there as well so last thing as well uh relating to security you guys probably saw my video yesterday on the hardware wallet zero and quite a few guys were also talking about the zero on this channel as well so this is a new hardware wallet and when i first saw it i'm like hardware wallet i mean it's gonna be rough especially getting that initial validation process i mean how how do i know i can trust this right so i did the interview and i was actually surprisingly very very impressed with how they arranged everything on this wallet so i'll be honest i i had a lot of offers to do wallets like the cool wallet um a lot of these like weird hardware devices that were popping up during the bull run but i i avoided that because they weren't legit but what these guys are doing is that they're making this device completely offline and that matters a lot so there's actually no way no physical connection with this device and the outside world the way it works is it works with qr code so you scan a qr code on your phone that's the only way it communicates so no bluetooth no wi-fi no usb just simple qr code and i think that's very powerful and the other thing that they have is they have the the best chip available so eal7 basically the highest security chip there is formally verified chip stuck inside with some of the custom implementations to even make sure that there's no backdoors that can affect this chip i mean it's just crazy what they're doing anyways a lot interview and the whole video is released yesterday so i'll show you that guys now engrave um this one is released so guys checked out that video i'll definitely i think it's some huge leap for security like huge huge and there's like sorry cough so yeah so that's um that's directly next level it's really next level for security and i think a lot of people i saw on the comments for that video so people are saying you know what it's quite expensive um the unit itself right now if you want to buy the so i bought myself so personally i purchased this one so i purchased uh let me switch this this is so annoying to switch views but anyways so i purchased a combo pack it's got the metal storage this is my first time getting a metal storage i'm pretty excited for that because previously all my backups are written on paper and just in case in the event of a fire what happens to that well that's the solution so that's number one and second of all um so i purchased this combo and it's quite expensive it's 288 euros and a lot of people are like oh my god this is expensive it's only for whales etc but let me tell you this so um i guess i told you guys this earlier that i had a hack on one of my accounts this year and it's completely my fault i i got so freaked out luckily it just isolated to one account with the key that i mismanaged and someone managed to find the key and during the hack process it was scary as hell because what happened was that there was two thousand dollars worth of ethereum on it now it's probably worth four thousand but anyways and what happened was that i initially when i saw the account i thought i don't remember transferring money out but maybe i did you know i scanned and checked all my exchanges to see if i received that fund nope and it did turn out that that the address is sent to was something i didn't recognize and i was like crap am i being hacked and the worst part was that there were funds that were actually stuck in idex which is a decentralized exchange and it can only be withdrawn to that address so the moment i make that withdrawal the hacker would immediately send it out and there was this battle this war between me and the hacker just trying to send funds away from that account it was it was a nightmare situation and like every time we fought it would be over something like eighty dollars and i was just like bleeding eighty dollars away and it was it was insane it was a nightmare i'll give you a little bit more details about that soon there's still some things i haven't finished i ended up actually just locking the account and you know calling it a day at least for now and figuring out if there's a better solution and i did get security experts to look at it but it was a nightmare it was it was just due to bad management to be honest um but yeah really really horrific um we've got cow level crypto says oh no michael should have worn his mask i just had a dry cough just now it's from talking so much i'm just get some water here drink water guys stay hydrated it's legit um so savage dragon says lots of hacks going around heard about the ledger google extension and discord app hacks in the past few weeks so yep someone managed to and and the hack was actually really badly um it was really well executed it was a hack that um they sent out a fake ledger app and people installed it and this just included a key logger so i started figuring out the person's the the victim's emails and exchange passwords and with that they actually managed to withdraw funds from the exchange so even though he had a 2fa setup on the exchange itself which is typically the recommended exchange procedure what happened was the hacker even managed just through the the through mismanagement of backup keys so somehow they managed to find the guy copied down his 2fa um key which you're not supposed to keep on your computer but apparently he did and the hacker manager will withdraw all his funds from that account so it does happen and when it does happen you don't just lose hundreds you lose thousands if not millions and i've had people email me saying they lost millions of dollars and they they want to keep quiet about it because they don't want to look like an idiot like if you're in the investment space and you just lose you lost like a million dollars worth of clients funds and or our funds money it looks pretty idiotic right but they always tell me these stories and i'm like oh my god security guys and that's the key so um the reason why he lost funds is because he kept it on exchange and the the account wasn't protected properly and he had backups on his physical device so that's why you never you should never ever leave your keys or your backup your passwords on your actual device and um speaking about that as well so i was actually looking at vulnerabilities i mean we all heard about it spectre and meltdown but um so these are like hacks that can appear on almost every device hackers can abuse this holy crap i mean there's so many vulnerabilities on modern systems and this is why we go to hardware wallets but i'm beside the point as well so something that i was kind of showing you guys is my new setup here right so just totally off end this story but um i was wondering if i should upgrade this computer so this computer is actually quite an old one as a seven year old computer that i'm just resurrecting for now to be placed in the office and it uses a core i7 but an old core i7 so um 3770 okay you know back in the day it was hot but now pretty shit so anyways i was wondering okay should it upgrade or should i not and i think one of the biggest reasons why i want to upgrade right now is because of spectra and meltdown because this processor has vulnerabilities and has performance degradations from these vulnerabilities i actually think you know what okay come on spending four five hundred dollars on a new pc not that expensive comparing to getting crypto loss especially right now um yeah just being smart about it is important so anyways my two cents guys um uh security very very very important um rick asks a really good question right now um he asks let's see rick hey box mining have you attended any virtual conferences how were they compared to in person so typically in person conferences you always never go to the talks that's the general rule of conferences it's like only the noobs go to the talks right uh all the pros they just like they go out and hang out with people and they meet people and they find deals that's usually what happens in a cryptocurrency conference and you can't do that online that being said i think there are two main conferences here that do have talks that might be worth listening to and um i've thrown down my application to speak at them so there's unitize and there is also the abs summit so both of them offer free tickets so you know it's a point where i feel like why not right just why not go attend see what we can do you will definitely not get the experience the full conference experience which is just like hanging out with people and then and like sometimes a lot of times when you really do hang out with someone um especially after a few drinks they'll really tell you what they think about a particular project which is really important you know on the face of it they might be a big supporter but on the back of it you know after a few drinks you're like okay when did you dump you know these questions come up and oh they dumped at the all-time high or whatnot you know like you find out the truth about what's going on so you're never going to get that in a virtual conference but i think you're going to get the kind of general gist of what people are doing and sometimes like i was mentioning earlier sometimes you're looking for reverse indicators too so i'll put that there so it's still worth it it's still i think it's like if it's free all right i wouldn't pay money for it to be honest um i am speaking at unitize so that's already been a true but i'm going to talk about dstep at unitize and also going to be at abs summit as well so those are two conferences that are coming up and i'll be putting i'll be throwing my hat in there as well so not to too much i think i hope the conference organizers don't kill me for saying this um kyle once is don't buy a pc it's inflated i know right now it's the worst time to buy pc i holy crap man there's so much innovation but at the same time the next generation of everything's coming out and i was hating myself uh when i bought my new graphics card i bought a 270 super and i was like oh my god 370 is coming out the next generation if i can just hodl if i can just hold on for three months now i can't so you know yeah okay so guys um we got how level crypto says what no likes let's get those likes up guys let's go get those likes up so now balaji says 330 80 coming 30 90 have you guys heard about that new graphics card oh my god it looks super hot um they promising like 60 boost in performance and yeah ampere man um that's when i'm gonna jump back into mining that's that's the time that is like that's a rally point if you need a sign that that is it you know new generation coming out you're more efficient you're faster than everyone else that's when you turn in those profits so that's when that's when i'll be jumping back onto the mining bandwagon um until then you know stuff's happening some who says what is your opinion on neo so have a love and hate relationship with it so long story china coins um there was a lot of interest into it a lot of people are hyping up at the start i went to one of the new conferences i thought maybe this is all just hype i went to one of the new conferences and you know what people were developing there the issue of neo was the after the conference the support i felt like wasn't there so a lot of projects kind of moved away from neo and moved to somewhere else so it kind of entered that phase where it's like you know ironically that was when chico jumped in right so when chico was super neo fanboy i was like okay maybe it's a good time to move out and you know that worked out really well so they couldn't maintain the hype they couldn't keep it up so that's when the the kind of community also the developer community also left and also it was getting cannibalized by ontology as well so my two cents there i was like okay that's a little bit weird especially with dahong fei pushing out ontology ontology gas neo so neo kind of took a back end to that that being said of course i don't know i don't think it's dead per se right now like i don't know i'm waiting for chico to to hate it and then and then maybe that'll be gracious oh my two cents a bad joke but honestly honestly guys um yeah i'll have to look back into it there were projects that were doing on it and it jumped away and i want to see if they're jumping back in and if they're being used one of the biggest criticisms i thought with neo and a lot of developers told me was it was still quite hard to get formal verification of code on neo projects and because the community wasn't as strong as before launching tokens wasn't as strong i mean right now ethereum is pretty much still the king of token launches right some people call it the king of shit coins um what no matter how you call it there is that community there so um yeah still a battle steve hent says i sense the soul in michael man i i really i think it's just like um chinese chess chess nurses chico hates it now box box mining are going all in and man if he starts making shit videos about it maybe i think so why not right at least it's worth paying attention to um xogx aesop says how do you feel about dash um love hate relationship as well i think it's actually quite cheap too not cheap okay not cheap okay um um i was looking at a dash master node so so i was looking at all nodes so recently i've been looking at a lot of passive income right so all nodes is one of those places where you can host various nodes and have different pricing for different nodes so uh let's see uh you can just host like for cheap so i got i got z z coin nodes up there um let's see where the what to stick ah man this interface this interface is very clean once you log in but i okay this this this is what you want okay so um with dash right now the required amount for a master node is around 72k right now so it's still quite steep i was looking at this back in the day um in 2017 i mean almost it was it was almost unattainable it's almost reaching the millions of dollars right um now it's it's possible but it's only a 6.2 annual roi so long term i think i have this love and hate relationship with dash i think in terms of what they did in terms of what their initial thought is going in is amazing i mean uh being able to have everything all in one so privacy fast transactions scalability all in one i was just like you know guys why are you even talking about bitcoin cash i mean dash is right there but of course with dash there's two kind of major drawbacks one drawback is the founder himself the instamine event or whatever you want to call it the pre-mine the instamine whatever that event has also has kind of tainted dash's long-term image so every time a dash conference comes up someone's going to ask the question why did the founder instamine the other issue i have with the dash team is the core team itself so i'm not a very big fan of the current ceo so ryan not a big bad big fan and a lot of master node owners actually express me of that the the reason why is that he's very corporate that you talk a lot of corporate stuff but at the same time it's a very community coin right that being said i love the community as well in um in that like show all um they did a great job and what's in venezuela that adoption there is crazy i know a lot of the dash community members they're there they're like nicest people so i've actually been to the dash conference and the dash conference my take home from that was that the community is one of the nicest communities possible like big big you know love sending greetings i love to mark there as well and they are so good they're so awesome but the core team i think is always the one that disappoints everyone especially just up the top so that's my two my two cents guys um love and hate love and hate um yeah so hope that answers your question xog asop um and amanda johnson she joined that too but i think she's not as active anymore um i love the daily decrypt that's one of the reasons why i got into crypto so big thank you to her as well and i really love to see her be more active i think heidi jumped in to dash as well so anyways um how about energy that's kind of funny a lot of people ask about energy recently um really really high rois right so i was looking into it so energy high roi easy to get into um two thousand dollars to get a node up on energy 40 roi i mean that's insane so if you can if they can manage to maintain that price that's pretty good liquidity not so much so i actually looked into this the liquidity for energy isn't too high so on all the exchanges that's listed right now uh there's a lot of fake liquidity reports going on so coin gecko a lot of fake liquidity reports going on so coin gecko is going to be a lot of fake liquidity reports and then we're going to be able to see the price of energy so i actually took a look wait not not btc sorry nrg all right please let me click this all right cool um let's see going in markets so kucoin being the biggest one um um this is the most realistic volume so 51 000 it's not a very high um high volume being traded on there so if you actually want to acquire a substantial amount of this and it's kind of funny someone actually asked me you know how do i acquire a hundred k worth of energy um you can't right um there's not much liquidity there without drastically affecting the price i guess you can contact one of the core team members and ask for otc trades but um that's kind of the only thing that's holding me back otherwise um it could be interesting it could be interesting i mean i've even checked out coin x and merca talks i mean this is kind of insane too um just just off off the record i guess um so i went off coin x i actually made an account there i mean they're reporting 80k of volume right but it was all fake it was all fake volume like literally if you look at the transactions it will be transacting at the same price for three hours it's just literally bots trading with themselves it's not real volume so it's like uh that's one thing you have to be careful of with all these altcoins it's like where the real volume and liquidity is a lot of the information that you're you're going through you have to look for that due diligence right you have to actually really dive deep and find out okay look are these exchanges really transacting 80k 70k or is it just all ps and i went to coin x and i was like nope getting the hell out getting the hell out um back box money didn't the dgb founder finally leave i actually haven't seen that um i need to i need to follow up on that did you buy right oh chinese chechners is very very honest i got a huge airdrop of energy and then done for bdc congrats man congrats i mean the airdrop days those were the days um jxc says um i box mining thoughts on bat so bots been bats been having a ridiculous rally recently i actually managed to benefit from that kind of so i actually had a stack of um bat i mean in fact right now even right now the browser that i use is the brave browser i have a brave browser affiliate link down on the bottom if you want to join but um i'm actually getting a reasonably good income from bat actually surprisingly i actually got an email recently so every three months or so i get emails and you're like okay it's like 50 bucks you know it's okay i mean why not it's better than nothing right so i think they're on to something i think that the adoption is getting much better now they block ads by default so that's what i like about bat i use a brave browser i use their services the only thing i don't like is some of the ads that appear on bat they're very toxic so um i'll talk a little bit so even with okay so it's not here but sometimes you see all these like crypto um savings so one thing i'll say about savings um is that crypto savings is something i don't really believe in um because you're giving that custody to someone else right so i showed you this all nodes um you basically get to keep the actual currency you still keep the private key it's still your keys your crypto so you're paying a monthly um fee for the service but at least you get to keep your crypto and a lot of the services sometimes i see offered on bat they're custodial so that means that they get custody of your funds and if they go down which you know i've been a victim of mount gox before i know what it's like to lose bitcoin on one of these exchanges that do go down if that happens it's bad so i guess i love and hate um i think there's still a lot of promise but i just be i'm actually a little bit careful about all the ads i'm bad right now in my two cents at box mining the screens are unreadable worse than worse than 480 really huh all right i'll have to i'll figure that out maybe it's something to do with the the streams maybe let me let me let me kind of transform reset transform fit the screen uh it shouldn't be but anyways thanks for the feedback on that there i will try to fix that soon um so new patriot says we got some scam ads so um it's to a point where last two weeks i actually just turned off the rewards part i'm like you know what i'd rather not see this i mean i want to support you guys but i'd rather not see it my two cents so crypto nice is what do you do for a living bro so i do youtube full-time right now um well it's just fun i mean to a point where i would say i got really lucky in 2017 being in the crypto space a little bit before that so i got i got fully into crypto around 2016. so prior to that i was mining but i made mistakes and in 2016 i learned things properly which was great because then i benefited from the boom and i can do whatever the hell i want right now so pretty much that's it i don't have to do anything for a living i can just do nothing for a living but youtube is fine i think this is passion this has always been my passion project keeping it my passion project uh chinese chat nurses uh it's there doesn't add for amazon brave it is safe to say amazon bought brave bags i think that's a great partnership actually i think um yeah that's great uh cal level crypto says michael makes billions on youtube youtube income is actually not that great um trading for me this week was this this few months these two months phenomenal i mean yeah it's just just just gg we'll do whatever you want with your life right um so needpatriot77 says i wish i had financial freedom but the thing is i mean all right this is gonna sound ridiculously selfish and ridiculously stupid right so last year was a year i try to travel a lot so you guys saw my bali vlog i i spent like a month in bali i spent a month in iceland i spent um a month almost in italy like half a month in italy uh one month in the states i just traveled the world did whatever the hell i want right um great but this year covid yeah not gonna happen right and the other thing i found with traveling is that if you travel too much you get a little bit fatigued as well you actually don't want to travel like you're like i'm getting so fat right now eating this good food um yeah you just don't want to do that anymore i mean it sounds ridiculously selfish um i'm also a very frugal traveler so like just just keep that in mind you know guys before you display me and stuff um so i you know i move my own stuff i carry my own freaking bags around and you just you don't want to carry your bags everywhere it's just like it's it's a hassle but anyways um that's my two cents i mean you got to find something to do i think um youtube and i thank you guys for this um you box mining the channel youtube has always kept me very centered which is great and i think that's why i'm setting up this new studio i'm pushing this my myself harder and having something that's you can work on is important anyways that's long story short um you know my two cents uh daniel alexandra says what do you think of lotto nation no comment um yeah gambling's hard gambling's hard um so do you reinvest to have passive income yes absolutely i've actually looked a lot into passive income coins for the past three months four months and so and uh not only did they yield income but they also grew because of the altcoin season so that did very well um i'll talk about some people are talking about you know what are your top you know passive income coins i'll talk about the logic the reasoning behind them and why i chose particular coins and that's going to be upcoming in future videos so make sure you're subscribed hit that like button etc uh make sure you're there um um what do you think of iota so iota had a lot of hype to be honest um the stuff that they're doing is good so the the ability to have free transactions i think is core now obviously they're competing directly with lightning so on the bitcoin network you can transfer bitcoin using secondary stick scaling solution it hasn't really picked up to be honest neither lightning nor iota has picked up in terms of adoption in terms of real use and one of the primary reasons i feel like is to use bitcoin on a daily basis is extremely hard with the price volatility so this is something like maybe like a five ten years where the community actually catches up with the technology so it's it's very very early to say i still pay a lot of attention to lightning and iota but at the same time i realized that if you're going for the short term no one's going to use crypto like on a daily basis everywhere okay this is this is this is just a hard hat fact it's just hard truth i've i tried to buy pizza in the states i was in marina del rey i was trying to use their their bid pay method to buy pizza it was horrific like after going for that experience i'm like no one in their right mind unless you are bags thick into crypto would do this at this current point that being said of course there are technologies that's making it easier but it's not it's not snappy yet so i'll be honest with you guys i don't see that happening and more recently as well uh we were in hong kong there was a bar that was very interested in accepting bitcoin and we got them to get an atm over there so we got we taught owners about the what bitcoin and they're ready to accept bitcoin it's a process it's a process so you know what going through that process i actually really admire what roger vert did as much as people hate him you know at least he's getting merchants on board and it's it's a long drawn-out process it's a long war so you know at least respect for that and at least you know that's that's going to be the case uh a box money i hear pizza is about 10 000 bitcoin man i wish i wish i wish i bought that pizza with real money and took the 100 000 bitcoin if i was ever that person that's the best purchase ever just imagine that guy guys um let's see there's a rumor going around chinese military uses zoom for mass global mass surveillance maybe um who knows i mean if you guys want privacy get signal like signal telegram skype and then zoom in that order with signal being probably the most secure but not the most reliable in terms of streaming telegram kind of okay you're hoping to trust the developers there skype microsoft everyone hates them but at least you know at least um i don't know zoom router communications through china before so i don't know about that so there you go what about status i don't know i'm not too sure about status i'll take a look anyways smart guys and now the new brave video streaming coming out soon i'll check that out dude there's so much happening i'm like i'm trying to get on i mean this is a phase in crypto and in the bitcoin blockchain space where it's like where you have to spend like every day waking day of your life thinking about what's happening i mean yeah um what was it i think it was charlie charlie lee who historically said you know back in the day in crypto you spend one afternoon and you read up everything there is to know about crypto that's it and now we're at a point where you have to spend six hours every day to look at it so you know times have changed times have changed uh we've got azet people need to stop using zoom so i think one of the primary reasons why people use zoom is because i can call people in china so i think i've done one webinar with um on dsev who was it with uh forgot his name temporarily graham matthew matthew graham and anyways um why is it graham was it graham anyways but anyways i i did it with the zoom call and it works well with china that's the reason why we use zoom because any other communication if you ever try to telegram call someone in china it's impossible it's impossible to um the great firewall catches that immediately but for some reason zoom works and that's why people use you my two cents um anyways guys that's kind of um rick says do you tinker with defy yes a lot i've been looking a lot into it and there's so many good developments happening maker being maker dow uniswap um yeah just off my top of my head there's just so much going on it's insane right now not everything's great i mean you know we're still at the phase where we're trying to find out what the best oracle to use etc link chain and all that stuff but so much promise there and we'll definitely explore that space as well so guys i think that's it for today's stream it's actually been a really long stream i'm actually doing a stand up but this is one thing i love about i'm doing here i have this moving table where i can just like stand and chat with you guys and this session's been really really great so i hope you guys all enjoyed it remember to smash up the likes and if you guys want to check out the engrave wallet check it up and the video is here as well so i just spammed the video again and uh upcoming videos cardano ve chain make sure you stick around and if you want to join members you get access to all this new series of videos just cryptocurrency hacks really powerful ways to use crypto that will be for you so join the channel guys thank you for all the donations i know i didn't shout out to all the donations so i'll get i'll give a shout out now let me just um so we got tenacious dragon he donated five dollars um thoughts about open source money i'll take a look on it um sorry i'm just kind of catching up i have another screen here but i'm just trying to figure out what's happening but yeah big thank you for that and we also got xfinxce um thoughts and donation from rose productions thank you so much rose productions for donations all all guys all donations thank you guys very so much i'm not too sure about that i'll take a look in the future i don't want to speak on something that i haven't looked into but guys thank you guys so much for coming into this episode thank you guys so much for catching up make sure you smash make sure you smash the likes i also have the next session up so now you have to painfully painfully watch me use youtube figure out where my live streaming is i'll show you guys what the next session is going to be reason um and i guess can just um hang on to it so exit will not exit to end the stream if it goes live yes that's what i want okay guys let's see the schedule manage my schedule the stream for next session is up already let me come let me have that up uh angela's already there wait is that today or tomorrow what wait a minute oh my god so many windows man this is when you need multi monitors i actually bought a new stand coming up so this is uh this is my one all right guys this one sending that to this chat box over here so see that so this is the one so this is the video that's a thumbnail all right all righty guys this is a mess okay this is such a mess why does that not show up this is the video this is the video this is the video all right there that's a black screen this is the video and then that's that's my new thumbnail comment if you love it or hate it uh uh we got k and tx says million dollar question what does box money think about hex don't let your things fans down by ducking the question i've never ducked it the question is a scam plain and simple i can make hex like in three seconds i i'll teach you guys that too coming up i can literally make one and then hype it and then pretend it's something anyways sorry for the salt but anyways that's the video coming up um okay let's submit it into live chat i hope someone has done that already um all right there we go done done done done done done done um so the stream will be on monday so right now the the streams that i'm having they will be up on friday and monday my time at 11 a.m hong kong time and in terms of us time it will just be the reverse on the other way around so the best way for that is if you guys just uh set the reminder on youtube that's the best way and that's why i'm trying to like always send out the the youtube invites but i really enjoyed this show session chatting with you guys um it's been really really phenomenal and i really hope you guys can turn out for the next one so yeah the link is there just click it click that and it will be good so guys thank you guys so much for watching tuning in today and i'll see you in the next