One last capitulation? (Crypto with Friends)

Intro Alright everyone, welcome, welcome back to BoxMining here. Today is another live stream for you guys and we're going to explore this topic that almost everyone seems to talk about, which is will there be one more gigantic, catastrophic, devastating capitulation before we see some green? Will Bitcoin drop below $30,000 again? Maybe crash at $325,000? Will Ethereum follow with a similar story? Right now the charts aren't looking too good to be honest, we're approaching the weekend, but as things look the grimest, we have two very different viewpoints. It's kind of very interesting. I've been actually following a few groups in Hong Kong and there's been a divergence in thought. There's two main ways of thinking. One is to just capitulate now. Why not? Short everything away for that giant capitulation wave. The other one is the complete opposite. Why not accumulate now? Why not buy more? DCA into it as people are capitulating, as we see capitulation around us. Why not more? Obviously, I subscribe to the second thought, which is I'm actually buying more at this time, but slowly, slowly, slowly, slowly, slowly. So we're seeing that happen right now. We also have some guests today. First of all, I want to say hi to plants. So I saw some comments asking how is the box plant doing? Box plant is doing all right. It wasn't doing too well earlier. It's like the markets are down. It's a little bit depressed. It's like the tips of the plant are doing too good. But you see the recent growth. It's been super nice. You see some new growth around there. So box plant is doing super, super well. And we also have some returning human guests with us today. So first of all, let's welcome back Nate. Hey, Nate. How's it going? Hey, man. What's up? What's up? What's up? Hey, Box Money Community. What's going on? Your intro got foreshadowed by the plant, it seems, or foreshadowed by the plant of the return of plants. So, you know, you got to compete for some screen space there. So Nate is doing some special episodes with us. He's also going to be in Hong Kong very soon. So we're going to be able to do some live episodes with Nate very soon. Super excited to see that. By the way, guys, smash up the likes for today's episode. It's going to be quite a cool discussion. It's very casual today. And we also have, guess who? Guess who's coming? You know who's your name? I for sure know. You for sure know. It's the plant. It's the plant. It's the plant. It's the plant. Plant's back. Plant's back. Plant's back. Yeah. No, no. We have a second guest coming here today. We have Jemmy. Hey, Jemmy. How's it going? Hello, guys. It's going great. Thanks for having me again. It's great to be back. Nice. It's great to see you here, too. Also, of course, we've been just talking since we started. Jemmy is an awesome musician as well. So, Jemmy, you got to get those NFTs up, OK? Some NFTs, music NFTs, all right? Got to do some music videos. Got to rock out, you know, full out gear. And that's an NFT. And I think everyone's going to buy that here. In fact, I'm going to buy one. I'm going to buy one. I'm going to buy that. Come on. So, come on, Refinable. Let's get some music videos up there. I think everyone's going to go all the way and buy Jemmy music, right? Jemmy music. Feel that dream, guys. That dream. That dream. That music dream is possible with crypto. Back in the normal world, not very possible. Crypto world, dude, overnight. Overnight success. Just sell expensive prices, you know? Like, what, $10,000 for a music video? Come on, man. It's not cheap to make one, guys. True. There you go. Bam. Bam, bam, bam. All right. All right. All right, guys. So, let's get started. We're going to cover the markets. We're going to cover the news. It's going to be action-packed. So, make sure you guys smash up the likes. Also, a special announcement as well. Special announcement. Special announcement time. So, next Monday, I'll be taking a slight break. I'm going to go into more of a break season right now. So, the next stream will be on next Friday. So, that will be the next big stream that's coming up for next Friday. I'm slowly, you know, relaxing a little bit as this is becoming my, you know, summer. It's not DeFi summer. It's really a summer off of crypto. Just, like, taking a little bit of a break. So, guys, thank you guys so much for tuning in today. So, I hope you guys are having a great break as well. But, yeah, the next one will be Friday. All right. So, anyways, let's get started. All right. Sorry. That was a brain fart. I was like, why are we doing a countdown again? Anyways, guys. Hey, hey, hey, hey. It's Friday. Okay. It's Friday. It's Friday and it's bear. So, all right. Okay. So, let's take a look at the markets right now very, very quickly. And, by the way, I saw some questions being asked here. It's like, what will the next stream be? So, it will be exactly this time next week. So, it will be like a weekly show now, a weekly meetup, which actually makes sense, actually. I actually quite like the idea of a weekly meetup. But, anyways, let's share a screen and let's go. All right. Let's share Bitcoin for now. So, actually, let's share CoinGecko first. Let's just give a brief look. So, not too much happening. Not too much happening. So, yeah. Minimal movements, you know, plus a depth. Up or down 2%, 3%. That's pretty much not a big story here in crypto. But the most important thing here is that almost everyone seems to be freaking out over Bitcoin's price dipping towards where the support is. So, we have Bitcoin dropping to $31,951. And then, as you can see here, we really got the main support coming at $31,000. Right. So, we can kind of see that every time. It never really managed to sustain and break below $31,000 for a few days. Right. So, this is kind of where that support is. And we're approaching that support again. Quite a few people are concerned that instead of having kind of like a market where we constantly see higher... We kind of see the price bounce between two major points, which is what we're seeing previously. For the past month or so, we have been going downwards. So, we've been having lower lows each time. Even though the support is holding up each time. So, we've kind of bounced off the support. You know, retest that support again. Bounce back up. But then, the bounces that are coming back up aren't breaking. You know, they're not reaching $40,000. Right. That's kind of the issue here. It's going lower and lower each time. So, this is what's worrying a lot of people and what is kind of scaring people. This is why I've been seeing on quite a few chat groups that there are people placing shorts at this hour. Because, you know, we're going to test that support to see if it holds. And it could be the case that there could be a major capitulation wave. That's very, very possible. And, you know, we've seen that before. Unfortunately, we've seen that before. Where during the weekend, especially. So, this is like a warning for everyone. Not financial advice, of course. But warning for guys. Weekend does have bleed outs. And it does happen on the weekend. If we see a major capitulation, we're kind of waiting for that major capitulation to happen. And you kind of see that difference in thought, too. Like, you know, the people that are talking about shorting. They've been in the space for a shorter amount of time. And they want to min-max every opportunity. So, if they feel it's going down, they want to maximize the opportunity. Short it. And kind of buy in at a cheaper price later on. And also, of course, pay back their loans if they're on leverage. But, of course, the people who have been, you know, the long-term dollar cost averagers, right? That maybe are fine missing out every opportunity. But making sure that they are on the right side of the trend, right? They're buying in because the prices are dipping. And that's where it's happening right now. So, we're kind of seeing this interesting point. What are you guys doing? Are you guys making precautions? Are you guys just hodling to the depths of the earth? What's happening, guys? Yeah, I think hodling to the depths of the earth is pretty much what I'm doing. Kind of depressing. But that's the only thing I really know that I'm for sure of is that I'm able to hodl. You know, I think my trading game is not as strong. Like, hodl is very easy for me. You know, I think trading myself, though, I tend to get emotional. So, I do good trades, but I do bad trades as well. Trading is not really mine, I think. So to say. I mean, that's quite... I think you guys have to put it this way as well. I've been talking to Nate for a long-ass time. I think this is like 2018, 2019. I think we met up a few times in person as well. And Nate's a really good hodl. And hodl works in crypto because if you look at the prices of Bitcoin over... You know, instead of looking at it in terms of days and you look at it in terms of months, right? Right. Right. All the way back from 2019, 2020. If you manage to hodl through, you're pretty good. Right. This is like you're beating out 2017. I still remember. Like, I think it was in Bali. We're walking down the street and I'm just like, yo, how's your hodl game going? You know, like how's the hodl game? Like Nate's hodl game is strong. And hodl works in crypto because over the years as Bitcoin gains more and more recognition, that's been the overall trend, right? As Nate gets a lot more recognition, obviously, you know, you see this explosive action in terms of price. Obviously, we see these peaks in the falls down. We've been seeing a few red candles recently. But overall, long-term work, it makes sense. And this is something that for me, it also, like I kind of have two brains in that sense. And it was kind of hard to find at the start. You know, at the start, I was like, oh, I'm just hodl only, right? This year, I've been trading as well. I've been like taking opportunities to trade. And trades really worked well during, like for me, right? What really worked well was during the bull season. I think I had that, you know, 3x leverage on Doge, like Doge bull that works super well, you know, just playing off the hype and trading that. And that kind of works. But for me, most of my trading strategies are during the bull market. So I'll just put it out there. During a bear market, it's really extremely hard for me to make these crazy trades because the reverse is also true, too. When everyone thinks it's going to dip, sometimes what happens is that, you know, it just spikes up to liquidate position. So this is where you have to be careful. And we've got Lama66666 says, if Michael can hodl engine for three years, so can you, man. That's true. I'm actually Nate engines nonstop. I think Nate's fed up with that. I've been downplaying that a little bit recently. But yeah, engine's one of those things that are like, it's exploding right now, right? Like, yeah, they're killing it. Yeah. Two cent days. Two cent days, man. Two cent days. So, Jemi, are you a hodler? What's your take? Definitely hodling. I mean, I'm a really boring person. I don't do leverage and less stuff. I mean, I think going along with crypto is going to be a winning strategy because it's going to be hard to time the market. And whatever is happening right now, whether it's out of your control or not, I mean, you have to realize investments like this, patients will always pay off. Well, easily said. Easily said. So easy for Jemi. So easy. Jemi is like, yeah, I hodl forever, man. I hodl forever. So easy for you to say, Jemi. And I think this is where a lot of, I guess, I guess this channel takes a significantly different view. I think a lot of people, you know, a lot of YouTubers also promote like leverage trading. You know, YouTube's have a bad rep for that, you know, where, you know, trading gurus are like, yo, let's do 10x leverage. I have a great trading strategy for you. But honestly, it's extremely, extremely difficult. And as people who are veteran in this space, like I think I feel like, you know, there are a few strategies that really do work. I don't doubt that now. Like, I don't doubt that at all. Like when I first started, I was like, you know, I'm on the hodl side because that kind of works. But at the same time, all right, Ronnie Ray says, everyone hit my Bybit link, but only if you're an expert. I mean, that's what seems to be what YouTube says all the freaking time. Let's go Bybit. But truth be told, truth be told, it's possible. Like I used to really hate, like 100% hate the Bybit showers, right? Where people were like, oh, I'm a guru. I know what the hell's happening. And then, you know, their followers get wrecked because regardless, you know, the content creator, the YouTuber will make money by the referral link, right? But viewers, not so much, right? So I used to hate that. However, that being said, there are, I feel like there are valid trading strategies. I've been learning more about how to hedge certain positions. And there are certain times when you do need to use leverage. I think that's possible, right? And, you know, certain situations being like, say, for example, if the perpetual market is more liquid, then you can either buy or sell a certain position and then slowly realize that over time. Like that's a possible strategy. Or if someone's shorting some farm. But overall, like it's extremely dangerous for different people. And especially if you have a mentality that likes gambling. I used to make this racist joke to say I'm Asian, so I love gambling. But I feel like that's not politically correct these days. But I'll say that I do have, and I'm very well aware of this. Like when I really do trade, sometimes I do feel like, you know, you want to win. You want to constantly win. And that's when I have to consciously stop myself. Like I consciously said, you know what, I need to follow a strategy. I need to go back to a strategy and set myself there. And it takes a lot of determination to do so. But it's super fun. Like Ritual Prudential says, but it's so fun. It is super fun to trade. I have to admit, it's like, you know, sometimes like if I'm stupid bored, like this is confession time. I'll open like a sub account with like $100 inside, like rack the bar up to 100x and I just go for it. Right. I just choose a direction and go. But, you know, that's, yeah. And it's way more fun than Vegas. I mean, VoxFans says Vegas is fun. But, you know, like this is way more fun than that. So anyways, yeah, Vegas is fun. But this is like, you know, leverage. Both tokens are super fun too. Like during that time when like everyone was popping coins left, right and center. That's a fun time. It's a good feeling too. It's a great feeling, man. It's a great feeling. Yeah. So anyways, digressions aside. So we're reaching this point where there are some people who are shorting at this hour. It's possible. So let's take a quick look at our trusty, trusty, what is it? Wait. I should have a link up here. Nope. Nope. Nope. Nope. What was my brain? My brain, I'm brain farting right now. Funding rates is what I'm looking for. Let's see if we're actually negative. I'm curious. I'm curious. So, so I look at funding rates. Yep. So there's two. This view base is the one I use a little bit more. My apologies, guys. My apologies. View base is the one I look more at more. So why do I look at funding rates? Because it tells you if these traders on leverage, if they are bullish or if they are bearish. Right. So basically a positive funding rates, speculators are bullish and negative suggest that speculators are bearish. So right now we are seeing some negative funding rates right now where you can see Binance, FTX, OKX. They are slightly negative for BTC and they are positive for ETH. But I do have to bring attention to the fact that these numbers are very, very close to zero. So these rates are so close to zero that I would say it's almost negligible at this current point. Like the sign, it's so close to zero. So what happens here is that we've seen like these huge rates before. And this kind of indicates two things. It indicates if traders are bearish or bullish, but also if the magnitude of these numbers are very huge. Right. So if you see like a 1% here or 0.5%, that means there's a lot of people in that particular direction. So ironically, you want to be like almost like thinking the reverse almost. So it's like it's not an absolute indicator. This is where you have to be a little bit smart about things where like, yes, right now negative means that people are bearish at this current point. But also if it's very negative, then I would say I will buy in at that time because not financial bias, of course, but I will buy in because maybe they're overcompensating. It's overly done, right, where everyone's going in one to vertical direction. But right now it's still very passive. It's very close to zero, but a little bit more on the bearish side. So we just have to be a little bit careful, guys. In fact, funding rates is fun. But yeah, so looking at funding rates, it seems all right. I'm going to bring up the Bitcoin, the rainbow chart again. Rainbow. All right, there we go. Rainbow chart. I kind of feel like these are my two trusty long term indicators of what's going on. So this one we see Bitcoin rainbow chart. It's a log rhythmic chart. So you can kind of see the previous cycles over here. So now it depends if we're going to cycle down or move to the maximum bubble territory. Again, we're kind of at the point where it's like it's back to still cheap again. You know, after this recent dip, we're kind of falling back down a little bit, but we'll have to see if it shoots up again, which is very possible at this point. I feel like I feel like the hype that Bitcoin got, it just wasn't enough. It just wasn't enough. My two cents. My two cents. We've got Harry Hundos is still holding Astro Tools. I'm holding that too. I'm still holding a lot of coins. Same here. I'm still holding a lot of alts. It's been a beating. I will have to admit. Like it's like all coins. It hurts. It hurts. It hurts. But at the same time, I'm actually I'm I'm consolidating a few alts. Like I said, at some point, I had like 40 to 50 alts, which is so true. But I'm slowly consolidating, which is I'm kind of getting rid of a few that I feel like, you know, if I talk to them and they're a little bit weak and they don't really know what's going on. Yeah, that's going to that's going to get dropped. And then I'm kind of focusing on the really strong thought leaders here, people who actually know their stuff. So anyways, that's my two cents. I hope the past few interviews were really insightful. It gives you an idea of what's happening. And you can probably see like for the past few interviews I did, I was pretty aggressive and shamelessly aggressive, shamelessly aggressive on that. So anyways, I see Jemmy smiling. I think you're waiting to give us some news, Jemmy. So do you want to head us off with some news? That's what's happening on the cryptocurrency space, Jemmy. Sure. Do you want me to share the screen or you do it? Yes, that would be awesome. That would be amazing. Okay, one second. Lenny says my portfolio is going down with the Bitcoin Titanic. It's brutal, man. It's brutal. I've been looking at my alts and I'm like, you know what? I'm not going to touch it today. You know, like if there's any consolidation, I ain't consolidating today because everything's down. You know, like. But yeah, there you go. Let's take a look at Jemmy's side. All right. Sure. Are you sharing my screen now? Yes, I am sharing your screen. Hello. Okay. So whale from 2012 transfers 740 Bitcoin worth $26 million after BTC set idle for nine years. So on July 12th, an alt whale from 2012 swung 740 Bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the Bitcoin on May 31st, 2012, when a stash of crypto was only worth $3,700. The reason I want to show this story to you guys, because it shows the importance of how beneficial to hold your Bitcoin for a long, for a very long time. It shows the power of quarterly. And sometimes, sometimes we just have, like, we're very impatient with our investment. Like, especially when seeing, you know, AMC, GME, Dogecoin, etc. blew up this year. You could be thinking, like, why am I not making 500% gain this week? Like, must be a failure. But I think you have to realize, like, this individual went through many, many, many, many winters. And he's finally unlocking his crypto after nine years. So just imagine where crypto is going to be nine years from today. It's going to be absolutely insane. And if you're thinking of selling your Bitcoin or crypto, I would advise you to think twice. Because fundamentally, the use case is there. The point I want to make is that crypto is just, is more than a short-term way of making money. I know. I know we all want to make this. It sounds weird, right? It sounds weird because everyone here seems to be like, you get the impression that everyone wants to make a quick buck here. Right? But, you know, quick is subjective and buck is subjective. You know, do you just want to make a few thousand dollars? Or do you want to be like this guy making, what is that? Four, 26 million? Yeah. That's insane. That is insane, guys. That's nuts. I still have trauma from the days when I sold Bitcoin at $15. That was smart. Ouch. That was smart. Yeah. Yeah. Yeah. Yeah. I mean, I started this channel. I've always been very honest about it. I started this channel not to just say, oh, look, I'm a guru. I'm the smartest person in the world. Like, follow me and pay $2,000 for my amazing course. It's more about sharing stories, right? Like, you know, and a lot of times some stories are failures. And, yeah, I failed completely in 2012. You know, mine some Bitcoin and then sold it, $15. Yeah. Sucks to be you. I still remember mining Wi-Fi. I got some flack for that because I mined Wi-Fi for free, right? I was getting, like, Wi-Fi at, like, two Wi-Fi per, like, three hours or something. And I was selling it, right? You know, that's stupid. Like, a thousand. Now it's, like, tens of thousands, right? It's stupid. But, you know, we do make some mistakes. I'll be honest about it. You know, I'm glad to be unminded. I'm glad to have kept some. But, you know, it is life, right? And you definitely learn. Like, that's when I learned the power of DeFi. You know, don't. And also the power of governance because why Wi-Fi went up so high was not because, you know, if it kept having more and more Wi-Fi, sure, prices would drop. But the creators, actually, the community chose not to issue more, right? And that's why we have Wi-Fi at 30,000 instead of 1,000, right? So, anyways, lessons here. It's great. But, you know. So, yeah. So, Jemi, thanks for sharing that. Amazing. Let me share your screen again. Throw that back on. All right. Do you want me to go on the next one? Yeah. Let's go on the next one. Or do you want to talk more about this? You want to talk more about this? No, it's fine. It's fine. The floor is yours. The floor is yours. 100%. Okay. So, the next piece of news I'll prepare for you guys is the inflation. Inflation climbs higher than expected in June as price index rises 5.4%. So, consumer prices increased 5.4% in June from a year earlier, the biggest monthly gain since August 2008. Excluding food and energy, inflation increased 4.5%, the largest move since September 1991. Used car and drug prices comprise about one-third of the total CPI increase. So, inflation is inevitable due to all the billions of dollars have been printed for stimulus packages. I mean, every country has inflation, not just the United States. For example, Argentina has 50% inflation rate. I mean, you can't have 50% of inflation rate in a country. So, that's why the lawmaker in Argentina proposed a bill for businesses to pay their employees in crypto. So, this definitely has a bullish effect in the long term. Let's come back to the U.S. So, usually, anything good for the U.S. dollars is bad for Bitcoin. And anything that's good for Bitcoin is bad for the U.S. dollars. So, printing 30% of U.S. dollars over the past year is definitely bad for U.S. dollars. It's definitely bad for the currencies. So, I think it leads us back to Bitcoin. Average people like you and me. We don't like inflation. Everyone is looking for a hedge against inflation. And this is one of the reasons why Bitcoin and other crypto did so well. I mean, I know it's difficult to hold your belief value during this downward trend. That's the thing with crypto space is about psychology. If there is a mass panic in the space, they're more likely to make people sell earlier than they wanted to. So, understanding market psychology would really help you make good purchases and dollar cost average in the right time. And I think it's kind of interesting because, you know, consumer price index, it prices in a lot of, like, kind of basic goods. But if you're looking at, like, you know, trying to live as, you know, middle class, you know, I think it's much higher than 5.4%. Like, the prices of, like, say, going out has just gone up exponentially. Gas, yeah. Gas prices here in California, they're so bad. But, I mean, I feel like it's brutal. Yeah. And, you know, just, like, last week or two weeks ago, the Fed came out and said, like, oh, inflation's not happening. Right before July 4th, they were like, oh, it's not even a thing. And now they're reversing their statement. It's canceling inflation. Yeah. Yeah. I mean, that's probably why I'm hodling is because I don't have another choice. You know, like, for people my age, if you're – it's either you get into the rat race and you have a full-time job for the rest of your life and you can barely make ends meet or you choose the other way out. You know, and crypto gives you a way out. You know, and that's really the only thing that we have because we can't buy a house, right? Like, all the hedge funds and all – they're all buying a house right now. They're pumping the market and they want us to rent until we got – you know, so – Hong Kong house, I have to tell you. 760 square foot, 5 million USD. Enjoy half a nice life. Like, that's crazy, man. So I think the mentality is a lot of people are hedging the bets against the US dollar and that story is continuously going. So I feel like this is a situation, like, where, you know, the factors are lining up. People aren't buying Bitcoin yet, but it's almost a situation very much like the start of 2020. Like, when COVID first hit, I'll tell you guys, like, you know, like, all this looks grim right now because when COVID came, like, prices of crypto just dumped, right? That was, like, when we, like, saw the biggest dump in Bitcoin and everything, right? 2020, I still remember that day when I was just like, oh, my God, like, this is full-on capitulation. And then immediately, almost immediately afterwards, like, bam, like, it just went up to the heavens again, right? So I'll just show you that very quickly on my stream so I can have it zoom out. So near February, like, Jan, February-ish, like, after COVID hit, look at that. There was, like, these drops of Bitcoin, right? Oh, sorry. Not Bitcoin. Sorry. ETH. Actually, I need to look at this one. Sorry. My bad. My bad. My bad. My bad. I mean, we're going to put that month. Oh, 2020. You can see this big dump here, right? Like, February-March levels. Bitcoin dumped to $4,000. I still remember that day. That day, like, super ingrained in my mind because I was like, oh, I need to buy this right now. Yeah. And then, like, I waited, like, 10 minutes and it was up, like, $1,000. I'm like... Because, like, but, you know, I was telling you guys that time, like, the circumstances are pushing up. So, I feel like it's a very similar situation, again, where I think that inflation is going to hit us hard. I'm really glad to be in Bitcoin right now, to be honest, like, to be in crypto. It's a good time to not just hold, you know, USD assets. However, that being said, of course, you know, we'll have to face our own challenges here first. Anyways, back to you, Jemmy. And, by the way, apologies for us skipping through that segment really quickly. Someone did comment exactly what I was behaving and a subconscious didn't realize it. It was, I wanted to skip this topic ASAP because I also sold some Bitcoin back in 2012 and it brought some PTSD memories. It's absolutely true. So, anyways, Jemmy, back to you. Back to you. Sure. So, another piece of news has kind of caught my attention. A California man arrested for using government's COVID-19 PPP loan to buy cryptocurrency and Tesla. So, this guy, this Tran guy and others use these illicit loan proceeds to make purchases at restaurants and retail stores, make deposits into personal investment accounts, buy cryptocurrencies, and in one instance to purchase $100,000 Tesla from a luxury car dealership. Tran is charged with six counts of wire fraud and three counts of bank fraud. If convicted, he faces a maximum penalty of 30 years in prison as to each count of bank fraud and 20 years in prison as to each count of wire fraud. I mean, I think this guy is really cool that the fact he decides to invest in crypto other than, you know, other investment options. But it did backfire, though. He did get caught. Hopefully, he'll manage to get his money back. I mean, make his money back. But he did take the advantage of the stimulus money. But, I mean, his stupid action is definitely not worth to go to jail for. So, I just want to say good luck to you, Tran. That's all I want to say. 30 years? I don't know. Jesus. Jesus. Lambda666 says, Jesus, I hope he did not buy BTC at 60K. 30 years? That's a lot. That's a long time. I mean, it's... Ouch. That's not good. Brutal, man. It's brutal. It's brutal. Yeah, guys. Don't be an idiot. Also, like, why would you spend $100K buying a Tesla? You probably bought a Tesla Model S. There's absolutely no reason to. Right? Buy a Model 3, idiots. Like, you know, buy a Model 3. It's cheaper. And it's like, it's just as fast. You're never going to zero to... You're never going to zero to 102 seconds in real life. Right? God damn it. Anyways. We have a comment from Mark Carter. It says, should be good when he gets out. Oh, that's... Maybe he was planning for all along. Right? You know, buy that Bitcoin. Put it on a ledger. Hide it somewhere. Boom. Peace. That's his huddle plan. Yeah. It's forcing himself to borrow. Huddle 30 years, guys. Huddle 30 years. He comes out and be like a freaking quadrillionaire at that time. Because, like, you know, USD is going to be down the shithole by then. But, anyways. Crypto chiropractors. Because some people want a Model S. Come on. Like, you just buy one and just buy another car like five years down the road. Right? Come on. Come on. Come on. Because you need better batteries, too. Anyways. All right. I'm going to stop griping. But very quickly as well. I had Elijah Killen says, he said, when houses become NFT so they can be traded P2P. So, this is kind of interesting. So, yesterday I was in the Refinable slash Labs chat. So, Labs and Refinable, they have just launched their first commoditized NFT for timeshare of a big resort in near Bali. All right. Okay. So, it's called Kunan Kunan. It's a glamping resort. And it's a very large resort, too. I think a lot of people were confused by this. They thought it's, like, a room in that resort or something. But, no. It's a rather large resort. Let me just get the stats for you guys here. Because, like, I was criticizing them yesterday. I was like, you know what, guys? Like, you guys need to have more information about it. So, the NFT is for a particular day. So, say, for example, you can have, like, January the 1st, right? Which is probably the hottest. It's quite cool. This one's being bidded on right now. But, say, for, like, January the 1st, you'll be able to stay there but also make money from that day as well. Right? So, you have the – so, it will be an investment. It will be a share of that property. And it's basically the property divided into 365 shares. Right? That's kind of the way it is. And in terms of the size, so, this is where you need to see on both pages. Right? So, this is where you have to do the research and be like, oh, this is on both sides. So, it's glamping. Right? It's like this kind of, like, glamp. That's a gigantic glamp, by the way. Glamorous camping. The glamour is camping. Right? But the whole area is 6,800 square meters. You get 16 – there's 16 suites there. So, it's not going to be the – it's not a massive location. It's going to be half 16 suites there. But, yeah. So, this entire property is divided into 365. And they're selling off January right now. So, this is like – this will be tradable on labs. This is going on right now. Did I make a bid? Yes, I did. Confession time, I did. I did. And I was trying strategic on the date because I chose a memorable date on it. So, anyways. Go figure. But that's happening right now. So, it's coming. It's coming. I think it's one of those situations where, like, this is where the technology is really faster than the legality, I would almost say. Like, I will see, like, in the future, maybe everything can be on this. Right? Because this is, like, so much easier than buying property. If you guys have ever experienced buying property, it's a penny to ask. Not that I have bought anything, but I know. I know. But, anyways. So, that's to answer Elijah's question. But now, yeah. So, the auction is starting right now. And it's on refinable. And, yeah. It's going to – I think it's going to end in a day as well. So, just – if you guys are interested, check it out here. It's going to end, yeah. One day, 12 hours. So, it's going to end there. So, we're going to check out a particular date on there. So, boom. Let me put that on the chat. Would you be interested, guys? Would you be interested in buying a resort? Yeah. If it was – if it was – if it was closer to me. 999. I think if it was close. Just because I'm on the other side of the world, you know. I think this one was, like, okay, the location is near Bali. So, like, you have to really like Kunan Kunan area. Like, Bali – like, the – Canggu is the hippest, like, the hottest area. Right? So, I'll put that out there. Like, Canggu is where the surfer dudes are. Like, the surfing stuff is. Yeah. Yeah. And where – where a lot of the crypto people hang out, too. Right? So, I was like, oh, man. If it's – if it was in Canggu, I would have bought it instantly. But, you know, this is where it is. So, like, this is – so, like, say Canggu is around here somewhere. Yeah. Then you go to Ubud, right, for the relaxation and stuff. Ubud is here. So, you have to actually move, like, all the way here for a resort. So, that's the only – for me personally, my own personal downside is that it's a little bit far from here. But at the same time, it's actually quite an attractive location if it can develop well. Like, my two cents. I think they're developing – I think they're building that area out, too. Yeah. I spoke to a few people – a lot of people are building around that direction because – because Canggu and that area, it's starting to get a little – a little trashed. There's a lot of tourists, you know, and we tend to kind of go crazy, you know. But, hey, it's – you get all the ice baths there, right? I remember – yeah, we did that. I remember that. Good times. Yeah, good times. Good times, man. All right. So, yeah. So, that's happening on Refinable right now if you guys are interested. So, this is basically – you can buy one of the days off the time rewarding timeshare. And the entire property is pretty large. It's not a small – it's not a single room or something. It's part of the entire property. So, I just want to put that out for you guys. And the website's right there. So, just link that up, guys. So, if it's – no, no, no. So, each room is – no, no, no. I think this is for – so, this is for the entire – so, this is for the resort. So, not 1,000 rooms or something. It's a very small – it's a boutique area. It's a boutique resort. It's not like 1,000 rooms or whatnot. It's like – you know, like the rendering here shows it quite clearly. It's very large, spacious, and there will only be 16 sites. And this is for the resort. So, yeah. Yeah. There. Boom. All right. Cool. All right. Let's see. Nate, do you have anything to share on your site? Or, Jemmy, do you have anything else to share? Let's share – show and tell, guys. Show and tell. Jemmy, you're muted. Not really. I've only got three news. Do you have anything to share, Nathan? Yeah. Yeah. Yeah. Nate, you go. I'll show your screen. Boom. Okay. Yeah. Super quick. Uniswap Labs. We're thrilled to announce the Apple launch of Uniswap V3 on optimistic Ethereum mainnet. So, this is the post right here. And they're actually – they're here. Finally. They're finally – the scale – dude, no more, you know, $100 transactions. No more fighting with everyone trying to press – trying to sign this transaction and throw as many Quay as possible. So, those days hopefully are behind us. And I actually just signed up for this – the L2 – the Unipig exchange. And then what you do is you kind of tweet at them and they give you free tokens. So, I did that right here. So, hopefully they give me some free tokens and I can play around with it. So, optimistic – I actually just started learning about it. I don't really know too much. But I know it is a layer 2 scaling solution. So, right before the stream I was looking into it. And it's pretty interesting. It's a series of smart contracts that are kind of anchored in layer 1 and that will allow layer 2 to kind of do its own thing and kind of settlement instantly. And so, I think there's many L2 solutions out there. And I think this one's a good contender. You know? So, I think – It's very tribal. I would say it's like, okay, it's a good contender. But everyone has their own beliefs of which scaling solution will work. That's what I realized. So, there's Optimism. There's ZK Roll-Ups. There's – what was the other one? There's Optimistic Roll-Ups. There's Plasma. Plasma, yeah. So, there's also Polygon. Polygon, yeah. Yeah. So, it does get a little bit crazy. But I'm glad to see the progress that's being done. And I feel like the best way to describe this – like, this comes from a little bit from my gaming experience background, gaming experience as well. It's like, a lot of times when you're developing new tech, even the smartest people, even your kind of technical directors, they have no idea which implementation of a particular technology will work out the best. So, I feel like this is the biggest issue that's happening right now. Where a lot of people don't know. Even Vitalik doesn't know which type of implementation will work best. Like, everyone has their own drawbacks and everyone has their advantages. But the key here is that Uniswap is launched. So, guys, check that out. Make sure, of course, you guys also – if there's anything, I would play around with all the new stuff. I mean, in crypto, if you do that, you get rewarded quite well, to be honest. Like, in the past, we know every time you use stuff, there's a lot of airdrops. So, I think now is a good time to explore this type of stuff where – yeah, just go for it. If you get free tokens to try out, try it. Yeah. And you remember the Uniswap airdrop that came out, and it was really good for everybody who was in it. So, yeah, it's all about community. Like I said before, you know, Fox Money community, Uniswap community. The community is really important. Without a community, they don't really have anything. Well, the tech. So, you know what I mean? It's the community is what drives the tech, though. I mean, as you said, it's very tribal. But that's also down to the community. And so, I think that's often overlooked. But I think it's very important. All right. So, next up, we also have ShapeShift is planning to decentralize the entire company. Speaking of airdrops. So, Eric Borghese said that he wanted the company to be more immutable. And so, they're going to do the governance kind of like a DAO. They're going to drop it to all of the users, to everyone who was using it, ShapeShift, before June 9th. All right. If it's current and past people, guys, go trade there, right? Why not? Can I look at that a little bit closer? Yeah, yeah, yeah. That's a huge drop, guys. I hope you guys have traded already. If not, trade now, I guess. I think... Oh, yeah. Okay. Okay. So, I think there's a cutoff date. So, those who have connected with the KeepKey will have 900 Fox before June 9th. So, this is an issue of airdrops. Like, once they announced the tokens, it's no longer possible to do stuff. So, I hope you guys did use ShapeShift. I will have to double check. I kind of used... Yeah. I guess... Good luck. Good luck. Good luck. Good luck. Good luck. Good luck. Check out for Fox. So, yeah. That's happening. Yeah. I used it. I think I lost my KeepKey. Same, man. Same. I was like... I was like, crap. I did actually link up my KeepKey. It's like a biggest space bomb moment. Free money. I used it, too. Yeah, I know. It's okay. At least we used it. All right. And then, final on my list is that Italy joins the list of global regulators. Warning against finance. So, you can view this two ways. You can view that Italy is looking out for its users. Or Italy is also trying to get in on the Binance Pi. So, that's up to you, too. I think the Binance Pi, man. They know. They know that Binance Pi is big, man. They know. All right. Very quickly on my side. I'm going to go through a few news articles as well. Very, very quickly. First of all, Jack Dorsey says, yep. Bitcoin is going to get DeFi soon. You know, the Twitter founder is also a very big Bitcoin. fan, but not an Ethereum fan. He's very Lightning and Bitcoin DeFi oriented. So, I've kind of found that kind of funny. Like, there's still a little bit of tribalism going on there. But at the end of the day, hey, if Bitcoin gets DeFi, that's even better for everyone here. Right? Oneinch Foundation launches 3 million grants for DeFi developers. I think this is like the development time. Everyone's getting grants nowadays. Grants everywhere. So, if you guys are looking for development, this is a good opportunity right now. We also got Manushi, ex-Trump Secretary. Ex-Treasury says, yeah, it's okay. It's fine to buy Bitcoin. You know, Bitcoin has evolved. Bitcoin hasn't changed at all. Bitcoin hasn't evolved. But, but, but, but, but, Mnuchin has evolved. There you go. Good to blame someone else. It's great to blame everyone else. Also, I have a small alpha leak for you guys. So, DinoSwap is happening. This is kind of like a, it's a, it's a new swap exchange. It's cross-chain. Like, they're supporting cross-chain farms at this current point. And if you guys are into mining, they are having this countdown to start their new farm. So, they basically, they're starting in one day, exactly one day from now. So, you guys are getting a pre, this is like a, this is like an ultimate alpha leak because it hasn't started yet. So, you're not buying. It's a free food. Free food, guys. So, you know the drill with me. So, what happens is that they're supporting multiple farms at this current point. So, for example, I'm probably going to target, this is probably going to be my favorite, USDC to USDT. Stable to stable. Stable to stable. Also, or this one, USDC to Mimatic. I do have to say, though, so this APY is still not finalized because obviously as more people find out about this, the rewards are going to be distributed between this group of people. So, obviously, you know, you can already see that the Matic fans have gotten in there already because USDC to Mimatic is only 39%, which is, it's actually pretty good for these times still. But yeah, someone shoved $14 million of liquidity there. But it's going to start in a day. So, I'm eyeing this quite closely to find which pair makes the most sense. So, I think that's quite important as well. So, this might be quite interesting because I hold chain guardians. If you guys know, I've featured those guys on the channel before. So, I do hold chain guardians. So, if I pair up with Matic, then it's possible for me to get some ridiculous APYs. I think this will probably be a top performer. These three will be kind of the stable ones, hopefully, because they contain USDT and USDC. So, that will be quite good farm. But if you guys are holding any of the other coins, like you have Ghost, you have chain guardians, you have SX. So, if you have these, it's worth looking into as well. And just to make you guys aware of what's happening with this farm here as well. So, it depends on the coin. But say for this one, the liquidity provider will be on Sushi. So, you need the Sushi liquidity and it will be done on Ethereum. But say, for example, USDC to USDT will be on QuickSwap. So, it will be on Matic. So, there are different chains. So, just be aware that this is going to be the case where you have to switch chains to Matic network and be like, yo, I'm on a Matic network. And then you can add the liquidity in terms of USDT and USDC. Also, that being said as well, just a last word here. Right now, I'm actually crossing the Matic bridge right now to try to play around with this. But, let me see, let me see how high. Let me remove that for a sec. But the Matic bridge right now, it's quite easy to cross. So, it's not like before where it's actually quite hard to get your coins on Matic. It's actually a lot easier. Like, I've just, so I'll just show you. I'll show you at the stream. Boom. So, this is BoxMoney.EV. This is my address. So, if I want to cross over from Matic, I can withdraw the Matic from Binance into my address. And then what you do is you just cross the Matic bridge using this mechanism over here. So, you type 1,000 and you say transfer. And then you can just transfer it over. It will cost around $10 US. But you can just complete the deposit, continue. And then you'll be able to cross the bridge. And once you cross the bridge, you're going to get your capital on the Matic chain. Plasma bridge. The plasma bridge. Yeah. Optimistic Uniswap. Yeah, plasma. Dude, Matic has two types of bridges. That's the crazy part. Matic is crazy. But anyway, so, yeah. So, it will take around seven to eight minutes for this transfer to complete. But once I get the coins on Matic, then I'll be able to switch to the Matic network. And then I'll be able to add the funds. So, like, whether you can... I actually need to swap both the Matic and the USDT and the USDC over. So, long story short, it'll be, like, you know, three swaps. And then you add that to the liquidity pool. And then you add it to DinoSwap. That's how you get the mining done. So, we'll kind of... I'll kind of share that. I'll kind of share what happens tomorrow. Because tomorrow will be the big deciding time. I do have to say right now, like, the multiplier is higher right now. Like, this is kind of one of the classic farms where at the start, the multiplier is going to be higher. But it is a fair launch. So, this is... Okay. So, actually, two things. Multiplier will be higher at the start. So, the earlier you get in, the better. But also, of course, it's a fair launch because... Oh, not... Yeah. It's a fair launch because launch is for everyone at the same time. There you go. Makes sense now. All right. Cool, cool. Long story short. But anyways, I'm eyeing this for this weekend. Hopefully, we'll get some good rates. Because right now, farming is not as hot. Well, it's not as hot. It's not as profitable as it was. I remember, Jemmy, you were asking me a bit about farming, right? Are you farming, Jemmy? I wanted to. But I... Because I kind of wanted to try up the leverage farming. But you asked me not to. So, I was actually looking to that. Well, I... Okay, okay. Okay. To be fair, I did not ask... I did not tell you not to. But I did tell you that it's not as easy as people think it is. It's not going to make you millions. All right? It's not going to make you millions. But if you don't mind making, you know, small amounts of money. Or if you're a whale, farming kind of makes sense. But yeah. Tell me how it goes. Tell me how... That's like homework for next time. Tell me how it goes. Tell me what other farms are good as well. Because right now, like... So, I'll load down some intel for you guys. So, my favorite farm. All right? That was offering around 50%. Which still sounds good. You know, compared to HSBC, they're offering... I'll take 50% any day. 0.01% per year. My favorite farm, which was 50%, is now around 25%. And also, if... Yeah, there's a lot of more farms of 10% now. Like, Belt.Finance. Like, all these ones that were like... That were 50% are now 10%. So, it kind of really sucks. I feel like... I feel poor now. I feel poor now. Like, all the rates are bad now. SwissBorg is still not too bad. They're at 8%. For... So, I've been comparing rates everywhere, right? So, this is like me doing rate shopping. So, SwissBorg is still at... Let's see. They are at... Yeah, it's at 8.6%. So, I don't want to show my wallet here. But, yeah. It's at 8.6% right now. So, that's not too bad compared to the bank. But, you know, compared to, you know, the good old 50% per annum days, it's... You know, there's more. There's more. So, I'll be hungry hunting for this. Hopefully, don't guys... Guys, be reasonable with DinoSwap. You know? Don't wreck it for everyone else out here. Give us some good rates still. You know? Let's hope that works out well. At a USDC, USDT is probably what I'm going to go for. I'm stable and stable. I mean, you can't... Everyone's going to shove it there. That's the reverse technology there. Everyone's going to shove it there. So, you got to be smart. You got to, like... Last minute... Like, don't reveal your cards until the last minute. And then you shove it there. And when it starts, you shove it inside. And then you're good. I think that's the strategy. I shouldn't have said anything. I was like, oh, maybe I should. Shh, shh, shh, shh. That's the new way to play farming these days. It's never to hint, but never to share. And if you do hint, you should be reasonable. Don't screw it up for everyone else. All right. That's the... Makes sense. That's what we have degraded to. This is what we have degraded to. Well, you're not going to... You're not going to be like, yo, there's a free food over there. Then everyone else goes get it. And then they shut it down. And then, well, great job, right? You're not going to be telling anyone the free food. So I get it. Back in the day at work. Back in the day at work. It's just free food everywhere. Now it's like food is scarce, guys. We're like dinosaurs. We're like dinosaurs. We're like kind of finding where all this free food is. And then we share it with our friends. That's the way it plays. So yeah, guys, keep an eye on it. I would expect 100%. These two obviously is free food because you're having stable coins in there. So I expect some whale to plow that in the last minute. And then I'm looking at these probably to have some good liquidity. Hopefully we'll see a 1,000 APY again because that would be nice. That would be pleasant. Jemmy, so see if that works for you. So have fun. Experiment. Tell me where all the good farms are now because I'm looking for more. I'm looking for more farms. Because even FCX is dog poop now. I'll put that out there. FCX lending rates are poop. They're like 1% right now. You know how I was touting there was like 20% at one current point? It's at 1% right now. So it's just as good as HSC. It's just a little bit better than HSBC at this. At this current rate. So I'm out, man. I'm out. I'm moving my funds, man. I'm like, Sam, I love you. But you got to be a little bit more generous. You're too stingy. Too stingy. It's too stingy. We got Andrew Fritzens. Our fuel stake on Mantra DAO is 50% payout. That's not too bad. But you got to be careful with those. You got to be careful with staking native coins. For me, unless it's something you hold, you got to be careful. Got to be careful, guys. All right, guys. So guys, thank you guys so much for watching today. I hope you guys have a great time. And I hope the weekend's good. If you guys have any free alpha to share, share on our Telegram community. This is the best. That's the best community to share. That would be fun. We got High Card Jesus. It says, shave Jemmy from these moon boys. But she's a moon girl. She knows. She's the one asking me. Okay. She's the one asking me. Where are the farms, Michael? Where's all the farms? Tell me. Tell me. Tell me how to fold. Tell me how to fold and leverage. All right. Tell me how to leverage Alpha Hormora. Like V3. That shit. That's the real one, man. That's the real Jemmy. Real Jemmy is going to tell you. So yeah. Plant's going to farm next week. Jemmy is going to farm next week. Tell me how it goes. All right. Tell me how it goes. That's your homework. All right. Nathan, you too. All right. Let's all do some homework. Share some love. All right. Share some love. Because rates are dropping, guys. Food is scarce. We got to share to kill. All right, guys. So guys, thank you guys so much for watching. None of this is financial advice. I hope you enjoyed this chat session with us. And yeah. By the way, check out Nathan and Jemmy's channel. They both have their respective channels. One is Crypto Knots. And the other is Crypto Jemmy. So check those out, guys. Smash up the likes. Really appreciate it. Really appreciate so many people tuning in today. So that's really because you guys really shared everything. And whoa, crap. Elijah Kellen says, Someone leaked Rick and Morty episode seven two weeks early. That's my alpha. Jesus. All right. I have stuff to watch now after the stream. Because I just finished episode five. So I'm out of Rick and Morty, too. So guys, thank you, guys. Thanks for the alpha, guys. Sharing is caring, guys. Share some alpha. See you guys on Telegram. Peace. Bye, guys. Talk to you soon. Talk to you soon, guys. Bye. Peace. Cheers. Bye. Well, jetzt mal. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye.