(Friday) CRAZY ALTCOIN SEASON. DEFI EXPLODED. BITCOIN and ETHEREUM to go crazy?

let's go guys so i'm just ready to click the go live button and we are ready to go live going live in three two one welcome welcome back everyone to another episode of the box mining live stream where we cover bitcoin ethereum cryptocurrencies decentralized finance this is the channel where we're not afraid to explore down the depths of what's the crazy amounts of innovation that's going on in this space and boy has there been a lot of updates this weekend i mean not this weekend this week you know incredibly we got elon musk tweeting about dogecoin left right and center adding bitcoin hashtags left right and center popping around there's a lot of interest in cryptocurrencies right now but there has also been a lot of questions on people's minds like whether this is the top or not it's you know if and everyone is freaking about cryptocurrencies if every mom and pop even your taxi driver is giving you you know doge tips you know is that the top is that the top is that really it we're going to explore some of those concepts today we're going to explore also some of the diving depths of decentralized finance um something that you guys probably don't know i mean if you guys come from dogecoin from bitcoin ethereum diving deeper into the space there is a lot of developments that's going on this really reminds me of the dot-com bubble so i'm not old enough to have experienced it myself but i've read a lot of books and figures and basically during the dot-com bubble there was definitely a lot of fluff there was definitely a lot of crap but out of that bubble came your amazon your apple and it was the leaders right the people who knew what was going on they were able to find the right kind of stocks to pick right so the right companies the right people and with the right people was enormous success right life-changing success i mean this role would not be the same with without the dot-com you know boom right so to say the least so this is where we're at this is where i'm kind of trying to position this channel i've been having a huge amount of discussion right so if you guys probably follow me on both telegram on twitter and on clubhouse you know i've been working my ass off trying to find out what's happening on the bleeding edge right and this is what some we're going to share some of that today obviously that's that's what the episode's for we're going to share a little bit of that today we're going to share also some analysis of what's going on because for me it's not just about listening to people right so i guess you guys probably know clubhouse is like the place to be right now it's the it's like the chat app where everyone's on you got elon musk there i'm giving interviews you got like cz twitter cz binance there you got sbf sam bankman freed you got like everyone right like the circle guys um are all there so that's kind of like the new hub sub spot it's like the conference for crypto right it's almost like the consensus that should have been right the big big conference that everyone needs to gather and discuss and what i'm using this as a time to do is to really figure out who is like kind of making the next level smart moves and we'll i'll be breaking down an answer to a question that i asked cz today as well um not like i don't want to be like overly flatterer but something that's kind of interesting is it's not just about how it's not about what people answer during interviews right it's always about how they answer it it's about the beauty of the reply and people who are capable of doing this will go very very far in crypto and that's what i'm spending my time identifying i'm identifying people who can answer questions well and people who can kind of create that narrative and also they can listen to what the market wants and meets that demand so this is like this has been my core focus of this week so i'll share some of those ideas with you and we're going to grow that as well this is like kind of the start i feel like over this week i've been just like learning way a lot more and like you know like i would say you know i don't want to like to my own horn but i feel like the whole purpose for me is level myself up right to increase my understanding more so we're not just like you know observing but we're at the bleeding edge and that's what's the focus of me for me and i guess for the channel now as well so guys make sure you smash up the likes there's a lot to share today there's a lot of insights going forward so smash up the likes also of course after the live stream we usually try to cut the sections down so you know into like chunks that you can watch so you know down there there's should be like timestamps of what's going on and also we have box mining clips which breaks this down into like some simpler stuff so i'll put all the links down below for all the relevant information covered here so anyways guys smash up those likes guys coming in and also of course tell me where you are from just before the stream started i saw a message um it was let me just see from from who it was uh we got crypto buddha he's been following me since 2017 welcome back we got llama666 who says clubhouse is great and yeah it's it's been it's popping so yeah guys um tell me where you're at tell me where you're from and let's get started all right let's take a look at the markets first and foremost so we got ethereum all the way at 1619 so we've reached that all-time high we passed the all-time high of 2017 2017 is now forgotten right we don't even need to look at that any more so we're in new territory for ethereum we got bitcoin bitcoin's sitting at 36 000 37 000 so it's actually moved quite up quite a lot since we last saw it on this channel but obviously you guys are probably that's like old news right in the past 24 hours that movement wasn't a lot but yes yet again the last seven days you know 11 on bitcoin 21 on ethereum you know even ripple was getting some love 67 like these are not small numbers and definitely people are paying attention to cryptocurrencies right now at this stage so usually typically speaking when we look at the markets i typically look at the big ones to see where they're going and definitely ethereum outperforming bitcoin is a big sign that people are looking deeper into where this technology can go right ethereum being turing complete it's a it's a platform that allows the development of decentralized applications right so bitcoin will be more of a currency that's kind of the where it's positioned at it's a currency it's meant to be the most decentralized because it has the most kind of decentralization the most hash power mining it it's got the most um kind of the the longest history which is why bitcoin is the powerful brand it's the image of the space right but ethereum is where all the applications are built which is very interesting so seeing that movement is very very powerful we got xrp kind of reviving coming back we got polka dot also kind of don't want not wanting to be left out if you think about it polka dot is made by the founders like some of the original founders of ethereum so we got gavin woods there and he's creating kind of the next generation of stuff so he doesn't want to be left out in the dust we got cardano also showing some serious strength here uh moving up to 50 cents it's it's it's a crazy time and we got binance coin all the way at 56 dollars which is 34 growth so definitely you'll see a lot and obviously dogecoin right now it's at wow it's it's a it's at a crazy level after elon was tweeting it non-stop it just seems like now this year this is where the leaders of tech right they're completely kind of blown away by this this is kind of the interesting part right the compare and contrast between this year and 2017 i mean 2017 people were hoping that elon musk would tweet about crypto would try to understand the technology i still remember there was a photo of elon musk holding a book about cryptocurrencies and the story behind that was one of my friends she was a pr person for 10x for julia husband she rushed the stage before elon musk was going on stage and shoved him a book about bitcoin and then like you know elon was seen you know flipping through that you know reading uh reading a few sentences um and he was photographed doing that that was kind of like the viral photo that popped in 2017 but now elon is just like full out tweeting this non-stop in a in a kind of a joking fashion obviously you know adding those um dogecoin hashtags bitcoin hashtags but you kind of know what's up these guys are figuring this out and it's kind of funny because like you know we all saw this early on it's like it was something that is revolutionary being created and we see people actually following which is just amazing right which is just you know it's a good time to be alive and for me personally i feel like this has been a very redeeming week for me i mean obviously not just in the top performers here but if you look at the outgoing space especially in the decentralized spina space i'll put this as you know the last 24 hours right we just have some crazy movements i mean sushi swap nearly doubled uma of course doubled voyager is pushing up zero x doubled um terra is doubling sushi swap is near double um compound is nearly the way in a week's time right doubling in a week's time like how crazy is that i mean so definitely i have a lot of euphoria right now i'll just identify that straight out there's a lot of euphoria and for me obviously that also has a lot of implications as well right so i'll discuss that in a sec but just seeing that this technology is finally picking up and people are understanding where it's at this is something crazy obviously the gains are just sick beyond my mind right that's like um you know i don't you know it's something that you dream off right like i said before i have around 40 something all currencies and like every day if i look at the top ones i'm like oh my god all the top ones are doubling right every week it's like oh my crap like why is this thing up like 40 today i was like holy crap man so it's been a great week and it's very um um yeah it's it's great i mean not just like not just to brag right like i hate bragging that sucks sucks but i feel like it's just validation right like you know i've been for 2018 2019 where no one would believe this stuff right people watch this channel be like oh my gosh this guy's just stupid right he's like i know it's no it's not doesn't know anything right this guy's just back holding his 20 2017 bitcoin and ethereum and hoping it'll go up you know dream on buddy you know that was kind of the the what i felt almost back in the day right but now you kind of see that people are realizing okay what's happening especially in the space of decentralized finance that just exploded and popped and you know um so it's great so uh llama 666 says you feel vindicated yeah i think that's a that's a really good word um to put that up so i definitely feel vindicated right now and um it's also giving me a lot of confidence to push on obviously a lot of capital to push on but a lot of confidence to to push on you know um and it's always about finding that balance right in crypto finding you have to have conviction right to have those diamond hands right you believe in something you know something but also at the same time you got to identify the people who are good at listening to the markets listening to what people want and then adapting to that so it's always this kind of fine balance that you have to balance in crypto and anyways we'll talk about that so anyways looking looking at this right looking at the what what is the meta plate right now and um this is something i was asking throughout the whole of this week right like where are we going and are we close to the top and i will tell you some things you know some things you probably might not want to hear um and i'll tell you a little bit about my personal strategy not financial advice of course you guys know everything on this channel is not financial advice so talking about bitcoin i think bitcoin is pretty easy to explain at this current point you know there's 27 11 i'm doing the easiest type of ta here i'm just drawing okay where are the resistance to bitcoin growth and where is the support that bitcoin is having and these are kind of the golden bars right this is kind of where bitcoin has been throughout the whole of last month and we kind of just move between these two phases so yet again bitcoin is not actually crossing or breaking any barriers at this current point and right now i do see kind of the strongest kind of resistance as is at 42 that's what i'm eyeing right if bitcoin approaches upon 42 000 this is when i'm going to be like okay look bitcoin might rally very soon and i have to take measures to kind of kind of funnel back into bitcoin right that's kind of the strategy if you're in all coins you kind of kind of funnel back to bitcoin if bitcoin is about to break through but bitcoin isn't breaking through right so the big the giant here is kind of currently sleeping and the cats are out to play right that's kind of the narrative that i'm seeing right now for for the market so if you load the chart for ethereum you can see the cat the this is the big cat right this is the ethereum's a big cat um big cats out to play so you can see that i use a similar strategy to look at the charts for ethereum as well so this is the ethereum chart this is looking at the one hour scale so yet again it was a similar strategy i drew these bars up i identified where the resistance is and then where the support was right so just looking at that very quickly there so something that was very crazy of course was on february the second we broke past that so this is a very very interesting time obviously and this is when fear of missing out really took over and just really sent ethereum to a whole new level right and when that happens right when that happens there's going to be a lot more interest in ethereum and we've seen that right we've seen that on even on the website so box mining.com we have articles on ethereum we just noticed that the spike of search results more traffic flowing into there more interest into ethereum and ethereum's entering this really new space too where if you look at it in the past ethereum has never reached this level before right so back in the past you know the the all-time high of ethereum is 1222 but yet again um it's not like that give me a sec i i have a traffic thing so let me let me just give you an ad just just give me a second i'm not finishing the video but um just give me a second i'd like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem first and foremost if you guys like listening to all that's happening in crypto on the go then i would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have long interview segments very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's all right guys all right guys apologies for that um i had a delivery come in so you know anyways um so anyway so anyways that that just kind of um uh knocked me off course um very embarrassing moment but anyways so talking about that ethereum we're entering these this new zone here where and it becomes a lot harder to look right because we don't have any historical history of where the resistance is for ethereum so right now we do seem to be peaking out at around seventeen hundred dollars for ethereum and this is very interesting to eye i mean you know uh this is where it can grow a lot so we'll have to see how strong that resistance is but you know let me talk about a narrative as well so what's the narrative coming up so narrative coming up is that next week there's going to be some big events related to ethereum right reetherium is going to be listed on the cme and then that's going to kind of maybe cause some interest for ethereum so the the kind of current narrative is that around that time and even possibly before that time there's going to be some more interest for ethereum okay rumors not financial advice and then towards chinese new year is also another key point to a watch so that's february the 12th and on february the 12th what's going to happen is that's chinese new year and there's this rumor that china is going to dump on ethereum backholders right so this is something that i've been looking at very um extensively throughout this week because um you know chinese new year is coming it's a very very big holiday for the chinese and we know that there's a huge number of um cryptocurrency backholders in china and and this is huge um this is not a um and if you want evidence of this just go to clubhouse there was a ok x uh talk yesterday it was all in mandarin right so i was just going to this mandarin chat group um a lot of people a lot of backholders a lot a lot of backholders you can just see the evidence of that right so the the kind of interesting thing here is that chinese new year is a longer holiday for everyone and during historically in the past there has been chinese new year dumps right the biggest one being in 2018 where crypto prices fell by 50 percent right like around the board bitcoin fell by 50 and just savagely cut down everything so obviously there's still that fear right there's still a lot of people who have pd ptsd from those events right so i was very keen to figure out you know will this play out in a similar fashion like 2018 why i bring up 2018 and not 2019 or 2020 the reason being is because 2018 had a lot of hype for crypto right we're nearing we're almost like kind of potentially marrying those events right we had january which was super hot for crypto everything was exploding all the action was there and then february was just like like the cut down right um so analogies could be drawn and like for me this has been a huge point of research for me at the least to figure out what china's thinking so i'm actually quite happy to report that in terms of the overall dynamic china seems to be perking up so china's not slowing down at all so i was trying to initially looking down for evidence that china was slowing down people were cashing out you know chinese new year's approaching let's slow down let's uh you know sell our volatile positions and then you know enjoy off you know have a two-week holiday right but because of few things right because of first of all because there's covid and there's not going to be a lot of movement um in china so china's actually promoting people not to go back home and visit their relatives they're just like stay work we'll pay you extra that's kind of the strategy so because of that it seems to be the case that china is super active right now so you can kind of see that uh in terms of chinese communities all hosting um discussions on clubhouse the the activity is accelerating so actually i'm actually not as fearful or as defensive about chinese new year anymore i think that's that was kind of my conclusion i said to myself it could be possible that a dump may come but it's not going to be as savage as like a 50 or whatnot so yeah i'm definitely not very scared of it anymore like at all whatsoever it seems like it's picking up and there's a lot of momentum a lot of energy asking about decentralized finance in china nfts are very hot again um that activity is definitely picking up and we'll be exploring that throughout the rest of next week as well that's when really the litmus test can be seen because next week is like the week before chinese new year so you know that will be it so if you guys want to join me on clubhouse or any chat events um you know to do follow me i'm at box mining i have haven't um so you know how i'm hyping about clubhouse a lot um the way i'm looking at it right now is that this is like the conference that we never had right so anyone it's it's basically a test of which projects are able to identify that this is the place for discussion and they'll move on to here right so this has been given generating a lot of data internally for me and for seeing you know who can adapt very quickly like hacken just immediately you know did a um ama um yesterday so i entered that to dima and then he was like boom go you know this is where it is at this is where the opportunities are this is where we can be transparent go for it take advantage of that right and that was just amazing just being able to to see which um companies adapt right so we already see binance moving there we see ftx moving there we see okx going there any like for me any exchange that doesn't go on club house they're probably going to be dead right like you can see the the order it's like um some people's thought um the analogy would be like um i was saying this earlier on the telegram chat between you know blockbuster versus netflix right you know they're both movie renting companies right blockbuster huge number of stores but they didn't identify where customers are going netflix started out just sending dvds out to people right that was their business model then they realized internet streaming was coming and they aggressively moved there and this is what i'm looking for anyways i'll talk about that a little bit later well let's finish the market update and you know uh where everything's at but anyways guys lots of insights to share smash up those likes by the way guys smash up those likes it really does help this channel grow and i'm gonna try to take this channel to a whole new level as well something that's never seen on youtube like youtube i think like something that i figured on youtube is like youtube tend like not to criticize but it tends to recycle a lot of the same ideas or people just fall in the cat um the line of like you know pushing a project they like but i really want this channel to be insightful and an overview of the space right just watching this race as it happens and being on the bleeding edge to be able to make the shots call some shots um that's kind of where the alpha is delivering information so you it becomes a good source for you to research right that's kind of what's happening right now there's definitely a lot of noise also on clubhouse like it's on 24 hours everyone's discussing stuff like what noise do you cut out right this becomes a huge question and anyways um you know it's it's about extracting the most amount of information in the shortest amount of time and that's what i'm trying to present to you here so smash out those likes uh make sure you ask questions let's push this to the next level okay so anyway so that's um the ethereum story completed i think the fear is going away and this is why the markets are moving obviously um you know combined with the whole interest in doge and whatnot and every time elon tweaks about doge um you know the markets move up it's kind of crazy right so i think this has been a big point of contention as well um in this current space right because dogecoin it's a funny meme coin right and i've said this to you guys you know it's a funny meme coin it's got a fun dog on it um elon musk has been tweeting this non-stop uh you know yesterday let me just bring on elon's uh elon's twitter feed for you guys here so you know okay beyond the rockets elon's holding up this dogecoin holding that to glory and then we also like uh he's everything about doge right explosions rocket moon doge this guy is just hilarious like yesterday when we were seeing this happen um people were wondering if elon's twitter has been hacked you know like like is this normal behavior like absolutely this is this is like 100 unfiltered elon right but it's also quite divisive because uh dogecoin um the the development hasn't really the developers of dogecoin they've left the project a long time ago right so it's not the most innovative coin it's not the most you know crazy tech coin out there and this is where it divides people right and um i'll tell you a funny story later and i'll do it an analysis of that so anyways on cryptocurrency reddit everyone's just like going crazy a lot of people are um salty i just want to read the top um post here elon reminds me of a rich billionaire who throws a wad of 100s into traffic and watches poor people scramble for cash while a bus can hit them at any moment i love that i love that i can't describe this like i love reddit i love reddit that that was such an interesting comment because he's kind they're kind of disturbed right because of some of the um issues with dogecoin so everyone was like dogecoin is getting all this attention but dogecoin is not the most innovative product out there right there's so much more in crypto right and you know because people you know dogecoin is pretty pretty much taken over this thread right whether people are converting doge to eve or you know some people are concerned this doge situation is seriously damaging cryptos is jones 9319 so that's interesting and this also goes to another part so um you know we've identified that doge is very divisive right it's it's bringing a lot of people in but at the same time it's not the most amazing tech so yesterday i i planted this question so there was an interview um session by um finance ceo cz right that's a sao chong pong and uh so i was able to ask him a question about doge and i planted this question because doge this question is not it's not an easy question to answer it's i would say it's a medium difficulty question because the problem is if you ask people what their position and what they think about doge um it's very easy to fall down a trap right you can answer in a boomer way and say look you know this is just a meme coin it's for a joke you know why are people buying this joke right and i've definitely seen that on cnn a lot right you see that on the news like oh everyone's just dissing this dogecoin not understanding what it is right um did my did my video go out give me a sec guys okay we're back so that's that's that's that's probably that's a bad answer that would be a bad answer right you just look at that and you know this guy's a boomer or whatever like the guy doesn't know what's up but the other side um very pro doge is also a trap too because of the huge amount of volatility in doge if you ask the ceo and of an exchange or what they think about doge and if they say oh i'm very pro doge i love doge i love the coin wolf that's also quite you know it's not a sophisticated answer right so that does that was the difficulty of the question you know asking someone directly you know what what's their personal stance on doge and i coupled that with um to raise the difficulty of this question i also asked him about you know binance is very interested in education right he he talked about education a lot i'm like okay binance is very interested in education how do you educate people about doge too right so so that was a difficulty that was a difficult question i kind of from medium difficulty medium i don't i don't want i don't want didn't want to be a douchebag and throw super hard questions but medium difficulty question and the way he answered it was amazing right so if you guys were there um you guys probably know but i'll describe the outcome so first of all he definitely identified and identified that dogecoin is popping elon musk was tweeting about it that's normal right then he actually goes a lot into detail about the dogecoin tokenomics which was very interesting so he pulled this right out of his ass right just pulling this out what is right on my ass okay top dogecoin holder has 21 of the supply of doge right that's a fact right and then also doge um the top 10 wallets own around 50 percent so this obviously shows that he did the research he pulled these numbers out and said you know what doge has some problems here in terms of his token structure it's been owned by some huge back holders and we kind of don't know who they are right we don't know who they are so he's just stating those facts out there that was that was very good i was like wow okay you got facts at hand that's great then what he said was also very smart which was he's like doge is also the most decentralized coin you can view that because a lot of the developers have left the project so in terms of who's leading the project there's no big leader i was like wow congratulations you just you just put the fact that the developers have left doge in the most polite way possible it's the most decentralized coin i'm like all right all right i understand i understand i understand why why why you're a master of language use right so it's a it's a it's a compliment it's a compliment now it's a compliment it's most decentralized coin and then he goes to say of course you know um you know kind of the semi-balanced argument oh i don't hold doge um he does he's not for doge he's not against doge he's here to provide an exchange and he can exchange on binance okay great wrap that wrap the answer up um nicely i was pretty impressed i was like wow okay you know that the way that you answer that you know you didn't you didn't take the boomer approach and just say it's crap you didn't take the you know formal guys approach and just say oh it's the best thing wolf um yeah he has a very balanced answer pull some figures out to to make himself look um authoritative i don't know gg gg but anyways um uh ken lam says dude you're making other people's life hard by asking such hard questions lol but that's for me right like for me why i answer i sometimes i try to answer these questions that can be a little bit harder it's because i want to see where they're at right because i hope bmb because i know like like i want to see where he can grow that community right you're not going to get like good information by just asking the same old questions right if you answer the same old questions again and again you're just going to get the the pr narrative right the story but what you want to do is you want to pick up something and see if this guy is on top of his game right for me that's important like and you'll see that with me like you'll see that um in a lot of the interviews i do i'll typically i'm typically not looking for my answer i'm looking for how they answer my question if that makes sense to you right like can they reveal that they're on top of the game during that time right um and can they reveal that they are you know a thousand times smarter than everyone else right because if you're if you're investing into something right like for me right not financial advice for me i want to make sure that this guy's smart he's not a total dumbass right if he's a total dumbass he's gonna fail he's gonna go blockbuster and go the way of the dodo right this is why i kind of asked these hard questions i didn't ask the super hard questions i felt that was not necessary but i feel like that's kind of what you know like i'll highly encourage you to do that like try to ask questions that could be very divisive that where they could lose followings if they answer one direction or the other and see how they answer it see if they can put a positive spin on it that's that's kind of um that's kind of the where the power is at and that's how you identify the winners from the losers in this space right um yeah like you know if you want ask peter schiff right or nuryo rubini he'll be like oh doge is just crap it's a scam coins a shit coins a pump and dump you know everyone's gonna lose out you'll know that these people don't know what they're talking about or or maybe they're just trying to create drama but anyways um that's my kind of take on it so i thought i thought that was pretty impressive um and then also you can see um something else that also came on clubhouse that was quite interesting is that ftx is there quite aggressively right and these are the two exchanges that i'm aggressively eyeing right like i definitely hold both ftt i definitely hold binance you know you guys saw that i was putting binance in my medium bags video and it's doing super well right now so that's great but um ftx is also quite interesting because they're like the the ones pushing aggressively in listing new projects and products right um they had a lot of insight something that i want to share was that if you look at how ftx is moving right they're just listing anything that's popular right now so badger if you guys seen badger the guy is on clubhouse 24 hour shilling badger right like obviously you know the first thing ftx does is like okay that guy's like creating a lot of noise around this listed we got bow as well everyone's talking about bow lina listed listed all let them trade it right exchange always win how house always wins so you can see that's part of ftx strategy also they have some very interesting products obviously they have um game spot not a game spot game stop right so that's game stop right and they have both perpetual futures for game stop and they have to the ability to buy and sell game stop right so you can short it absolutely you can buy it absolutely they went from trading but very interesting like something that i was eyeing a lot was that ftx was allowing people to trade game stop outside of the u.s trading hours right typically speaking if you use robin hood you use any of these exchange apps they don't allow you to trade out of markets so this is where yet again ftx is like you know what we want to create a product that's different right they have out there the other thing that's actually very very interesting about ftx is they also have the wall street bets wsb let me just see that stocks wsb this is like this is just genius right wall street's bets bets march 2021 so what what is this right it's a it tracks the price of a basket of coins that wall street bets likes so it's got knock it's got bb it's got amc it's got gme it's got slv it's got doge and ft t so you can either like buy it or sell it you can buy or like buy it or sell sell this as an index right so they converted wall street bets favorite coins basket that up and put up issued a product on it i was like wow that's that's great i mean obviously this is old news but i thought it was kind of funny and um their analysis about the trading of this is very interesting and they're they're like like almost all their employees are just like scouring wall street bets you know finding information finding intel either taking up positions or creating products i'm like wow these guys are next level right like and that's the way you should act right instead of like instead of preventing people from trading like you can see that approach that's you know the winners in crypto the way they're approaching this situation is instead of like saying oh stop these trades right like that's kind of where robin hood really screwed up right that guy you know he offered no information he stopped the trades it was almost like turning no um jimmy into a punching bag you know that shows how broken traditional finances but if you look at how crypto is moving it's always moving to creating more products allowing trade to happen that's that's a difference and this is like yet another thing where i feel very vindicated to say you know this space the stuff that's being done here it's going to be talked about for a while right like we all know about nasdaq but you know the creation of nasdaq wasn't easy right and i feel like we're at the creation of something very new and special like you know a lot of people they probably don't understand you know they come into crypto they probably look at a funny dogecoin they laugh they leave right but if you're just looking an eye in the situation here about how aggressive these people are right and creating your new products maybe some works some don't work but at the end of the day changing how people trade powerful powerful powerful powerful uh so yeah um all right so we got lots of um comments up here um something that i kind of uh refrain so we got polo thank you so much for donation check out undg blah blah blah typically speaking i don't want to talk about a lot of the lower cap coins here um i know a lot of people are demanding this but i had this like big dilemma right um you know how much how much should i talk about this how much edge um coins should i talk about right um i will talk and expand this a little bit more but you can definitely see that i'm very different on clubhouse and on youtube um there is a reason for that it's not because i'm two-faced or you know i'm trying to put up a show or anything but a lot of people don't know how to manage finances and i don't know how much kind of exposure they i should have on this public channel for that right because you know i feel like it was the same similar situation i think um looking at the binance example too right they created something called the innovation zone because a lot of people don't know how to handle um like especially with these lower caps a lot of times they're super super volatile they can go up you know a thousand percent or go down to zero the next day right and how do you handle that and i can't teach you that honestly it's not fine that's why it's always like it's not financial advice i've trained myself to be able to handle those types of investments like it's like um i can enter a position lose it i can enter like 15 positions right and lose everything and i'm still fine like i'm still gonna be happy and you know pushing down that button to enter more positions right um you know it depends on how you handle it you know there are people that you know i talked to on clubhouse they're like oh yeah i lost like 30 if today right i was like 50 000 right um some people can eat that loss just like that right because they made a lot more in the past and that's absolutely true in crypto like if you're on edge and if you're on top of everything your gains will like especially right now like with how the like the space is moving your gains will greatly outnumber the losses right but at the same time not everyone can manage that right some people they go in they lose everything they get lost they get wrecked um game over right so this is why in many cases um on this public channel it's like i'm not doing the oh here's a hidden gem sort of thing uh um you know i do look at coins i mean in fact i i have a oh there you go here's a list of coins that i was like making notes on and people are talking about and i'll add them to the list but yet again you guys tell me if this is the right approach for this channel i'll definitely look feedback i mean if you guys appreciate something we can maybe do a box mining innovation zone that could be works and you know if that works for binance it's gonna work for box mining right so it could be the case that this works works so i'll definitely say you know apollo thank you for a donation but at the same time i'll have to yet again it's one of those things i'll put on my list but i'm not gonna be oh my god let's jump over it it's the best thing in the world you know that's uh that's not what this channel is about uh we are about finding like kind of the general trends of what's going on finding where the kind of the crazy insanity is going on i'm breaking down i feel like that's where where the value add at least for this week is before it's like it's breaking down and analyzing what's really happening and reading between the lines here and that's that's powerful that's powerful we got elizabeth woodson's hi michael greetings from perf following you since 2018 wow that's great 2018 man guys thank you thank you thank you for following me for so long um and thank you for surviving i mean i feel like there was a time you know during the 2018 2019 space you know everyone was like oh box mining scammer you know this guy was talking about v chain was he paid off like dude i'm a freaking huge backholder of v chain man that was a hard hodl that was like hard like like seeing like money evaporate like that it was not easy but obviously now like i was like trotting to a community that was very big into v chain you know now obviously it's a very different story it's been moving up quite aggressively it's been moving up very well um you know people's people's perceptions on what they say changes depending on what if they win or lose and that's something i'm coming to understand like i i i lived through the time when people said very very hurtful things about me um it just wasn't nice at all like yeah coupled with the fact that crypto is going down you're like oh my god this is just depressing um but yeah we lived through that survived through that vindicated through that um this market is popping and you guys decide you guys decide if how aggressive we should be on this channel what we should talk about what we should you know explore and i'll definitely try to open up the telegram group up to everyone and if you guys are on clubhouse please do drop um drop by you know say hi to me and drop by my chats and channels that will be super cool and that will be super super powerful all right towers is uh tower 565 says it's been following you since 2018-16 2017 wow that's been a long time man that's that's really og brings back memories brings back memories and i'm just very very happy um to be here so anyways let's look very quickly at the news and some positive some negative and what's happening on the cryptocurrency front and what's going on so let's go here i mean so we got wall street bets uh west street bets coin becomes number one on coin market cap it's it's hype man this is where this is definitely a time when you have to be very careful um you know yet again it a lot can change in this time and a lot can also um you know going into the hype is a is a scary thing right i'll tell you a little story of the most degenerate thing i did yesterday um that was just totally that was totally stupid right so the the moment elon tweeted about dogecoin and the rally and all the news came up um you know uh i i i'm gonna name this drop this i'm gonna i'm gonna i'm gonna make fun of channel channel came into my channel channel or song he's like oh dogecoin yo and then during that euphoria i was you know what i'm gonna i'm gonna i'm gonna buy some doge right like why not right let's just have some fun let's buy some doge just see what happens right um so it was like uh what was it um it was right after the tweet um everyone was hyping up about it i was like yolo whatever let's um you know let's have some fun um i'm feeling i'm feeling i'm feeling like i wanted to gamble totally reckless uh what did i do i bought i bought doge at like 55 like zero like uh five cents 5.5 cents so just immediately after i bought it boom it dropped down i think i lost a thousand dollars in the space of like five minutes right and i closed my position i was like okay that was fun great experiment um yeah yolo doesn't work like like like i like i need to be reminded of that right like i like it was a weirdest thing i just felt okay whatever lots of thousand bucks it's okay but you know um this is something that's i guess like why i'm sharing this it's like you know obviously that was just a fun yolo thing it's like going to the casino right and that's one lesson you know never treat crypto like a casino at least for me like that's that has not been what i've been doing that's an example of what you shouldn't do and it didn't work out for me i got punished for it so anyways it's just a funny story that i shared i was like yolo doge oh let's scream dojo dojo dojo dojo anyways yeah i was like uh 1k down the drain but anyways it's fine it's not not a big deal like um yeah so that's a problem of hype obviously you got to definitely watch out for that it's very very um you know it's very hard and you know joseph's is joe is just a pump and dump and i think there's a little bit more to it like you know like i said before the way i view this doge has that meme ability which is very important it's almost like a oh yeah the other thing that cz said it was like a self viral marketing right that was a way good way of describing it's a automated self viral marketing mechanism you know you don't it just it just propels itself they're very interesting but you know these are things that you gotta you gotta um you know understand in this space right so anyways so in terms of big news um okay so it's d5 boom uh moves umma grew swissborg was crazy um swissborg if you guys know that's also a medium bag i talked to i told you about it um guys about it like i think three months ago that's like 10x by now like like i'm i'm through the roof like i don't i don't even understand what's going on like like how is there so much hype how much is there so much fomo but i mean it's a good it's it is an amazing product if you guys are interested in swissborg you know i've been using the app and we're talking about it i definitely have a referral code down below obviously but i'm a big holder of swissborg and um you know obviously a few youtubers like it and uh everyone's gonna have a smug face about it because like it's almost a dollar like i think when i talked about it was at 10 cents right i was like near this area and then this is like whoop like what just happened what just happened but anyways guys um yeah i'm pretty ecstatic because a lot of my medium bags actually moved i'll do it like a spreadsheet tally but i was like i was talking about bmb at 18 dollars now like a 55 right we got swissborg at like 10 cents all the way moved up to a dollar uh we got engine i think we're talking about 15 cents it's a 36 right now uh you trust also i think you touched the 3x which is just crazy right utk yeah like those are the coins i felt i was kind of comfortable with talking about because they have a a lot built but man i was like like mine is just blown right but anyways a lot and a lot of the alts as well the d5 stuff i mean ave is at five thousand like not five thousand five hundred dollars right now linear uh linear was just crazy right linear took off like like what the hell was that like it's just like straight up from what like one cent to to seven cents like eight cents right now it's it's just insane guys it's just insane um so yeah i'm very exposed to a lot of coins people are talking about ada.eve btc i own all of them like it was like oh and all of them now we got a good question says from geo says is this the top mike is this the top is the top is the top and this is a question that i've been asking a lot so i'll first tell you a little bit about my strategy um so for my long-term strategy for my real strategies not my yolo strategies those those don't work you know yolo does not work at all and in fact in fact it's kind of funny like the last thing i want to say about yolo like and this is me throwing a little bit of um you know like this is obvious to everyone in crypto but i got a lot of hate for making the video on gamestop right so i made a video on gamestop and people were like um you know it's it's got 69 downvotes it's like one of the videos with the most number of downvotes because i said that i was not getting exposed to gamestop i didn't feel like this yolo move was the right time for me um and at that time gamestop was literally 300 right literally 300 and then people were like oh um some very salty people were like are you paid michael have fun staying poor um you know there's some salty comments there too right um but you know now it's pretty clear you know it has to go down sometime right gamestop all is all the way down and um you know did i take a short i did not take a short position on gamestop it was unfortunate because i didn't have access to the brokerage us brokerage at that time and also the the price difference between the perpetual future on ftx was much lower so it was trading at 160 on perpetual futures versus the trading spot price was at 200 something so if i was going to short i'll be shorting at a much lower value which was you know not too much or it's my favor in retrospect i should have just yeah you know went into it but anyways you know hindsight is always 20 20 but yeah just going to show yolo strategies yeah not going to work for me but in terms of long-term strategies um it's much more boring for me you know like i have dollar cost average right so this is when i enter a position but i spread it all out over time so this is what i was kind of doing dollar cost average buying during 2018 2019 2020 early there where every month i'll just say you know what set date i'll buy right enter position increase my holding standings in a particular asset like bitcoin ethereum i told you guys all about that during my channel during my time probably everyone thought i was crazy but anyways but now obviously i definitely started moving to dollar cost average sell okay so this is something that a lot of people don't say in crypto um it's generally frowned upon to say oh look i'm taking profits right um you know yolo i'm dumping everything no it's not yolo it's not dumping everything it's more about a gradual taking out you know definitely the excitement is building up right now in crypto definitely um everyone is talking every mom and pop is talking about crypto the hype is real the hype is real and it's unfortunate but you know taking some profits is strategic i guess uh so yes it it has but it's not a lot um so i was actually very lucky because i actually told you guys very early on like three four months ago that i was not taking profits yet and that worked out very well so i thought at that time you know there was still a lot of room to grow and i still feel like there's a lot of room to grow so roughly the profit taken is around five percent so five percent off my crypto holdings i have um taken that out as profit so far um this wave um rate is around like around one percent every week or so um until i kind of see what's happening during chinese new year that's becoming a very pivotal point for me as well where chinese new year if there's a dip during that period i will re-enter if there so so if there's a dip or if there's no dip i'll re-enter if it pushes up during that time i will not re-enter the markets i think that's the kind of strategy personal strategy i have right now reasoning being the product is if it's if it dips during that time then fine the chinese new year dump is here and i think crypto can grow this year if it doesn't dip then that means it's even better there's no dip coming so um fear over move on forward if it still moves up then i'll be like okay we'll see how far it goes that being said this year why am i so bullish why am i not taking out everything why am i you know um i'm why am i still here why am i being so aggressive you guys can probably see i haven't slept very well in the past few days why am i being ultra aggressive right you know don't just speak just you know do by your actions learn by your actions right that's how to read people why i'm so aggressive right now is because this year has a few huge movements right we saw the institutional investors coming in the smart institutional investors the one that keep the ears down to the ground to listen to what's happening they list they see the new technology they're not kind of like up their ass i would say like there's a lot of funds are up your ass you know warren buffett's oh it's rat poison or whatever right the ones that see what's happening they're going in second thing that's quite important is that coinbase is going to list this year so coinbase is a big exchange in the us they're looking for an ipo initial public offering they're trying to sell that company to the public and that's going to generate interest right especially amongst wall street it is a huge unicorn right they're like people who invest in coinbase or manage to invest in coinbase they're they're they're off to the moon right so you kind of see that this is inching in i mean i think coinbase is having the perfect time for for an ipo right so i definitely see that this is going to drum up a lot of excitement in wall street and that's kind of interesting because we're ahead of the curve for for that right like you know if you guys have been following my channel since 2016 2017 we saw this coming all the way back then right and even before that the people who managed to build before that you know they're beyond well off right so yeah that's that's pretty much the case where i feel like after chinese new year i'm going to see what the situation comes it'll be much more apparent but for now my kind of understanding and my research has led me to conclude that i don't think there's going to be aggressive like it doesn't seem like the climate is going to be for aggressive dump this chinese new year for two reasons i said one being that a lot of chinese are not actually traveling back home to visit their relatives because of covid and the other reason is because the excitement is building up in china right now like the number of people that are being in china that are actively being going more aggressive in the crypto that's that's yeah um that's pretty aggressive so geo says to to and michael i have similar thoughts to you michael saylor mark cuban etc thank you and i definitely see that movement i mean you know elon might be just playing his jokes like like it like the like redditor said right like um let's see like redditor saffron 1999 uh 1990 said you know elon is throwing hundreds of dollars into traffic and watching poor people scramble so while a bus can hit them at any moment whilst elon is playing his games right there's a lot of value here and i feel like this is where like it's there's a lot of feet to crypto and and i'll talk about this here i'll talk about the good and the bad right um i'll talk about the bad first apparently that's a good strategy to get people involved because every time something bad happens people perk their ears up so there has been some bad things going on in crypto um just yesterday right so first and foremost let's talk about the bad so in terms of decentralized finance world this was breaking news where urine finance has suffered an exploit for 2.8 million dollars stolen wait stolen by hacker out of a 11 million dollar loss this is a new this is breaking news this is just recently so the ban tech tweeted that so urine die v1 vault got exploited the hacker got away with 2.8 million u.s dollars the vault lost 11 million dollars deposit into strategies disabled yikes so okay let's break this down first of all hacker got away with some money and this happens all the time in crypto especially in decentralized finance decentralized finance is so cutting edge it is so profitable at the same time it is full of risk and one of those risks is exploits onto vaults and a hacker abused that and stole some money so that happens all the time like but it's unfortunate because the why why urine vaults are meant to be like the cream of the crop right they're meant to be the best right they're meant to be like the ones that cannot be exploited but yet again it happened so i'm gonna wait for a recap of this this happened around five hours ago and i'm gonna wait for a recap of what the hell happened a lot of people always criticize a spaghetti code colluding with others etc um right but this is actually um this is a knee-jerk reaction you don't want to walk for like i'm gonna come out and defend decentralized finance here um and say this is something that people expected and i think this will be forgotten in probably t-minus 24 hours defy is extreme experimental and people need to realize that like people cannot get angry every time this experimental thing fails right i think that's the key right there's so much experimentation going on we do not know what is the best implementation but what we do know is that what they're building here is like the backbone of a new type of financial infrastructure an infrastructure where money can very easily flow deployed into strategies and go farm their ass off and be strategic about it like this is something that's never been done before and it's done in an open space where code is law the problem with code being law is that code can be exploited if people aren't very smart so this is one situation that this happened and um yeah it's unfortunate yeah it's like it's getting hot in here actually so yep happened again now the other thing that's kind of interesting is colluding with others right defy is very cooperative and this is something that um leo from cream right one of the founding members of cream came to a channel and really talked about you know the amount of cooperation in the decentralized finance space he was talking a little bit about iron bank um if the name sounds familiar it's like the bank in game of thrones right this is the bank that always loans money to other banks right this is the bank of all mother of the mother of all banks right and that's that that kind of infrastructure is also being formed in decentralized finance where your involves would take on particular strategies and they can borrow from the iron bank so holy crap like that that sort of infrastructure is kind of almost a mirror um to what was is happening in traditional finance um you know there's world bank you know there's these commercial banks and this type of infrastructure where finance flows from one bank to the other what's interesting here is that this has been done on the decentralized scale and this is completely auditable you can see how money flows um you can see this um this infrastructure is just going to be freaking crazy right so now people don't understand decentralized finance i feel like um this is for me right this is 100 i've said this multiple times right this is 100 going to replace how the financial system works and we've just seen some early demonstrations of why you need this because at the end of the day the way that you know even the way the stock market is set up the way the clearing houses work you know how how was robin hood able to shut down trading or the ability for people to buy gme right like that that's that's an abuse of centralized power right and what crypto allows is allows everyone to compete on the same level which is just amazing right in terms of traditional finance you'll see that it's actually rigged against the average person right everything here the big banks they have their politicians they have the lobbyists and they have they can rig laws towards their favor right so it's always like playing against the house if you're trading in traditional finance you're always playing against the house right jp morgan your morgan stanley your big banks there there always can be winner winner chicken dinner right that's just just the way it is because it's rigged to their favor you know banking licenses we're talking about that where you know there are so few banks of good banking licenses and they they abuse this right you know the hsbc was caught money laundering you know this this it if this was a if there this was a real world with justice right you know hsbc money money laundering for the russia for another for the mexican cartel they their license should have been revoked right the banking license should be revoked that bank should have been closed but because they're too big to fail because they're politicians blah blah blah it's got minor fine it's just it's just a world right but anyways um that's what i see in decentralized finance where it kind of levels the playing field again it gives us an alternative to the big banks so instead of saying yeah you know what yeah we just we have to put up with you even though you're a scumbag we have to put up with you it's because there's no alternative right now in decentralized finance we yeah we do have an alternative thank you very much see you sayonara have fun peace uh anyway so so that's that's that's my um i mean obviously it's not perfect right now but yeah that's that's my kind of take and i think like um it's gonna be beautiful so anyways i hope you guys can get involved there's a lot of decentralized finance talk as well on clubhouse and we're doing a lot of discussions on that so hope you guys can keep um in touch with that and i think it's just like learning the how how that structure is being um done right now it's kind of crazy there are some things that are i think a little bit too aggressive like there's a lot of talk in decentralized finance about like under collateralized loans right that's crazy leverage farming like alpha homero i was spending some good time looking at that i was like oh my god it's it's crazy like the leveraging upon leveraging upon leveraging it's um it's setting up for disaster sometimes too it's so aggressive but at the same time you know like that's the way the market is is moving right i feel like for me this has been a big learning experience you have to learn adapt and grow and you have to be okay with failure and that's what this whole situation is so yeah you're in finance wrecked slightly so hopefully they can fix that and um you know uh hopefully they can claim insurance on that insurance is getting very very hot on defy as well so hopefully that that can um be fixed um soon uh let's see what else was there yeah elon musk thing yeah it's boring um not boring but that's kind of fun all right there's another one here that's um expensive lesson so this was published around an hour ago which is very interesting so 75 ethereum 2.0 validor slashed for introducing a potential chain split bug so what is this so ethereum 2.0 has already been launched it's in phase one right it's not phase one phase zero right the programmers start from zero so it's in phase zero right now um and you can run and earn a passive income on it for in fact um i actually have this running right now so this is my ethereum 2.0 validator and i showed you guys very publicly how i deployed this on all nodes right so this is a service you lock your ethereum up you get you keep your private keys to yourself you keep your mnemonics to yourself but you give the permission for all nodes to run the node for you so it's online 24 hours so you can kind of see that going on it's um i'm online it's perfect it's running 24 hours and i'm earning passive income in fact like total earnings for this has been a thousand dollars so it's not too bad um you know total value of this is 52 000 so that's great but the total um total earnings so far has been 0.63 eef on ethereum 2.0 running this node now what does slashing mean so basically because this is a software running the node it's upkeeping the network a slash means that you'll lose crypto you'll lose your eef because you've been doing something bad and technically speaking they're not really doing something bad like they were they're not intentionally trying to harm the network it was just that they were doing an upgrade that can kind of reduce can kind of make things faster it's like programmers playing with some you know parameters that make things faster but that could have resulted in a chain split so they were slashed for that rather unfortunate rather expensive lesson um and that goes to show some of the risks um in ethereum 2.0 at this current point so this does not affect the all node system you know my node is all fine that that does not have it and which is also a reason why you know i didn't run this node myself because of the amount of time for maintenance on this node because you need to put it up 24 hours it's actually much smarter to allow someone else like you know a service to run it now in terms of ethereum 2.0 i think a lot of people are interested in it because it does offer apy right now it's around 10 so if you store ethereum there if you store like 100 ethereum there you're gonna get 110 next year right like um expected it might actually be less because of the more people who do it less people get right but you have to remember that with ethereum 2.0 whilst it's a great opportunity you have to lock it up until um the coin gets locked up and all the rewards get locked up until ethereum 2.0 is usable in terms of transactions so you're not right now at this current state you cannot send transactions on ethereum 2.0 the features just are not built yet so it's a commitment right so yet again like everything in crypto is all about you know opportunities and opportunity loss and being able to balance these two factors together becomes very important becomes where you have to use your brain right i think instead of you know um clicking buttons when internet people tell you to click buttons you have to be able to properly digest that information and use your brain in crypto anyways i'm preaching too much i don't think it's necessary at this current point but we got commander gorse's eve 2 is a scam um it is surely not it is just a lot of commitment um and i'm pretty excited for eve 2 actually um you know a lot of the discussions recently um on clubhouse has been you know ethereum transaction costs it's not it's not cheap right now right so i have a few videos uh yet again i'll probably put the links down below but um the videos are always talking about um um how expensive ethereum transactions can be so right now um for contract fee if you want to trade on uniswap etc with gray prices being at 211 right now it's going to cost you 24 per trade it's it's going to be outpricing people especially with the way ethereum grows and costs yeah it's scaling becomes a very big issue i mean if people need to spend 20 for trade that is actually more than what a lot of banks are charging to trade stocks right like there's a problem there when when you say that you're trying to beat a central bank and you know the central bank offers the opportunity to trade equities at least my bank offers it the rates are not good they're like oh we'll charge you like 15 bucks or like 50 bucks or something like that but you know ethereum is reaching there it's um you know uh 24 is cheap i'm actually sometimes a lot of times i pay 60 or 90 dollars to trade um especially if i want to like be faster than everyone else and not get front run so yeah that's that's not great but scaling solutions are coming and there's a lot of discussions on that so if you guys are interested we're going to have some discussions for for for these discussions i'll try to record them and put them on a podcast in the future i definitely want to discuss this the scaling solutions coming on ethereum so this is with zk roll-ups optimistic roll-ups zk it gets a little bit gnarly um like optimism is just like a it's a headache so we're gonna try to talk about the new technologies coming in to help scale ethereum as is and of course ethereum 2.0 is coming in to help that situation as well so anyways that's that's pretty much um coming up soon we'll probably put those on a podcast once it's out but definitely follow everyone um follow all events we're gonna add a lot of value to this space i feel like you know understanding these core concepts becomes really rather important there's also a discussion obviously of moving things off chain you know things happening on buying a smart chain and everything else and it's um it's a hell of a party so there you go um we got alex johnson says can you ban anyone that mentions doge please i think like uh like taking back like i definitely feel like i'm not against nor for doge i feel like it will bring a lot of people in and that's great right if people can you know if people who like dogs and like memes if they can come because of that and understand a little bit more about the technology behind it i think that's great and an example for that would be i think would actually be with urine finance so why if i like you know that's become the center of defi right now but a lot of people don't understand including me right but when i first found about yfi it was all about an opportunity to farm up opportunity for me to make money to make your farm right that was my initial interest in yfi right i i just put my stable coins there and i earned yfi in fact i earned like this is where i was stupid right i earned literally like three yfi in the first hour because i was so early right i told you guys about this on this channel too and i took a risk i was like you know what this is such a crazy opportunity i took a risk i told you guys about it publicly right uh usually i i i try to refrain because otherwise they're like oh box mining you scammer but i took that risk that went off very very well and um you know unfortunately i sold a lot very early but i got in i understood it i understood defi right if it wasn't for that event i don't think i would have understand defi to the depth that i understand it right now and i feel like that's kind of like how doge is going i mean obviously people need to learn right i think like this year i've been a little bit a little bit meaner like you know um i i take on the persona of douchebag box mining sometimes right and what douchebag box mining would say is that people need to get burned before they really understand how to trade crypto i think it's someone on twitter who posted this i totally forgot i think it was either crypto spartan or dj spartan or was it someone else but they said the first thing people should do in crypto is get a buy bid account 100x leverage trade lose all their money and then start over that's a brutal way to put it but it kind of makes sense right because people who come in you know if they don't learn if they don't get burned they will never learn right like does that doesn't make sense like it makes perfect sense for me because like we've done all this stuff right we've leveraged trade i leveraged trade before right like my first leveraged trade when i came into crypto was on kraken like i wasn't even on bitmex i was on kraken leverage trade long if five x long if um a flash crash and like a week later i lost all my money yeah that's great learned that i got burnt didn't lose all my money restart start again um and um yeah many ways it's still learning you know some people learn differently i learned i learned the hard way um not ashamed about that you know happens and being able to learn what's important being able to identify um value as you know it's good um that being said of course i think it was a funny joke right like i think everyone that's been talking about crypto um over these times i've met a lot of people who have been in traditional finance space all right um and traditional finance space you know that's a very well respected industry it's it's got a lot of reputation and people talk really well there well what's kind of interesting is that you don't make much money there like relative to amount of money you make in crypto it's not a lot so one of the my friends who moved from traditional finance like he was doing mergers and acquisitions like mna in investment banks um you know it's those like the top tier of investment banks right when you're in in the mna division it's it's pretty good right um um so he came into crypto he he just like took the plunge straight into crypto and you know his quote was like you know every three days i would either make or lose my entire annual salary um in crypto like sometimes you'll just double right your annual um investment i banker salary sometimes you'll lose it but you know that's the opportunity here right and it's kind of true like it's kind of true like the amount of money here is just insane it's absolutely nuts right um there's a lot of opportunity you can go up or down but at the end of the day right like it's pretty good so especially in markets like this we have euphoria right now like it's it's important to identify that you know obviously a few big bets really did pay off but you know uh hindsight being 2020 and all uh it was a great decision for him uh not a great decision for his colleagues who didn't quit you know but yeah i've got rabbit ears you must lose as fast as possible you must lose in order to gain um i guess that kind of makes makes a lot of sense and you know controlling market emotions is very important you know like um this year obviously i've been focusing on a lot on quality um and trying to really push up discussion quality i will try to open up the telegram channel like we kind of closed it off so we can filter out spammers and you know the douchebags that um don't provide value but something that i do want to say here is that um something i'm learning this year as well is you cannot make right there's a quote that someone said to me and i was very offended when he said that it was like no money no honey right like he was asking making me to buy something i i remember like he's like he was like you know you gotta it's basically you gotta invest in order to grow right but you never want to hear that from someone like you like it's kind of like you're kind of like a cheap ass but it is true like in crypto you have to invest not not maybe not just money both money and time um and that's when you get results so i definitely would say that like it kind of it's not the like it's not the best thing to tell people like for me it's it was a hard truth to swallow it's a hard pill to swallow and um it worked very well for me so i'll say that to you guys you know both spend the time and the money in order to make yourself at the bleeding edge but that being said of course you know i'm not trying to sell a course i know some people they sell thousand dollar courses for cryptocurrencies and i just roll my eyes i'm like you know look it's not just about courses it's about learning and putting your time in there right a lot of people think that they can just pay money and shortcut it you can't right um you know the only way can probably pay money is to be on a losing trade eat that trade up and you know learn from that mistake right so yeah it's time money intelligence yeah gg anyways that's pretty much it for all i need to preach um today i feel like that's pretty much it um there is a list um of shit coins or you know some people ask me why i say shit coins all the time it offends people and i i i'll take that as a uh feedback i kind of see a lot of shit coins affectionately i mean this is a list of coins i'm looking at i write them down when people talk about it whether it's like avalanche i think that's pretty cool armor ramp moonbeam dais rgt mirror finance snx synthetics lena umma credit quite a lot uh stiff chain stiff chain is um it was really really hot um a lot of things i'm looking at on edge cases and uh i'll i'll find a i think i'll do a box money innovation zone episode where it's primarily focused on all coins and everything else there um people easy game zero five one zero says um bullshit coins or something like that um yeah so i'll do an episode there there's definitely a lot of information innovation on this someone was asking raps is what notepad is that it's it's the cheapest notepad is this like a xiaomi notepad where like um you can just write stuff and then you can press a button and it raises everything i don't know i found that was pretty useful it's like a cheap thing i bought um you know i'm stingy as hell by the way um but yeah um uphold 2021 says those coins uh are already 100x absolutely absolutely um but yeah i mean i'm also looking at um a lot of other stuff um rgt was showed really hard to me recently rgt i took a position on that took up a position on avalanche um even though it's a hunt like you know it's been getting a lot of hype i feel like um i was kind of convinced when a developer community really loves avalanche so yeah i'm taking up a position and that um what else i take a position up recently i'll i'll say this before you know so i then i can have a smug look on my face um you know three months down the line uh doki doki was a weird one that's got nft project that people really like um i'm also looking to build or help build a nft project as well i feel like there's a lot of innovation that can be done in this space so i'm spending a lot of effort there as well so upcoming announcements very soon um yeah that's pretty good looking into like hacking and i'm happy yesterday i was like looking at dima's chat over there it was pretty good shout out to dima um from hacking making the space a little bit safer which is great um creepy crappy faces you sound tired um having me getting enough sleep not really um i've been sleeping very late like there's a lot of trading activity at night there's also a lot of clubhouse activity at night which i'm trying to keep on top of so i'm not definitely not having the correct number of hours but you know this is the this is the time to if this is a time to push right this is like all the same people are to people if this is a time to push it is a it's a good time to push right um you know i don't encourage everyone to do this but like at the same time i've pretty much told everyone that i'm friends with like if there was ever a time you need to be aggressive like this is a time to do it um you know i read on the news that sam bankman freed right freed right he passed um 10 um 10 billion dollars in fortune right um spf says he's amassed 10 billion in fortune in the last just in just three years in crypto so ftx exchange ceo says he's worth an estimated 10 billion dollars right now what like man that guy works hard man that guy like um i'm not even sure if i should reveal this but like you know people find him at midnight right like like they go up to him and find him and talk to him at midnight and i'm like they'll go until like 3 a.m and then he'll be up the next day like you'll probably like sleep for two or three hours and he'll be the next up the next day 6 a.m doing some crazy shit and then he'll be on clubhouse he'll be on this and that like i don't know if i can work like that to be honest like i'm i don't have that much like energy i don't know like i'm not a person where if i don't get like eight hours of sleep i feel very tired but i'm scaling my sleep up to around six and a half hours seven hours and then trying to push myself a little bit harder maybe when the market's like taking a break i'll take a break as well but you know that's that's kind of uh that's kind of my take on things um and yeah um that's kind of my thoughts going forward so i hope um i hope this is helpful guys um you know uh of these talks and chats together i definitely hope to have an opportunity to um you know chat a lot with you guys um what i'll do is you know i see a lot of questions asked about different coins and different takes um joe was werner wrote says what's your take on xrp so i've been not a big fan of xrp for a relatively long time i don't think they have legs to be honest um it's one of those things that they don't have the crazy amount of innovation that i see elsewhere in the space but that being said i know they have a very very active community they have a lot of engagement they have fast transactions which could be valuable but the play here is very very interesting and they've been trying to expand the token use case for a while so i'm gonna leave it in the middle i think um i was traditionally not a big fan and that worked very well for me in 20 um you know i'm gonna have a smug look and shove this in someone's faces right but um you know xrp is still down 89 87 from its all-time high right all-time high price was 3.4 it was one of coins that got hyped up a lot but you can also view it as having more opportunity to grow right can it can it grow up to 3.4 i mean right now it's been moving up but it's still 87 down right which is kind of a little bit crazy if you think about it but anyways that's 2018 times and um they definitely had a a strong push in 2018 i was not very popular saying i did not buy an xrp back then and financially that worked out very well for me um did not take huge losses on that um yeah that's my smug look coming in most punchable face on youtube but yeah didn't work out very didn't work out for a lot of people who knows what's gonna happen in the future maybe it's an opportunity maybe it's not i'm gonna be neutral but um i'll just shove that in someone's basis so there you go anyways guys thank you guys um for that um definitely uh would encourage you guys um to learn more um and yeah it'll be fun you don't deserve being a streamer maybe not i mean i've been having like a lot of thoughts about this year like um like on a personal level right i mean like i love streaming on youtube it's how i got started um this community is a huge reason why i'm successful in crypto right um no there was a lot of intelligence that was shared um i got like leveled up like crazy with you guys um this year it's been a hard year because youtube takes a lot of time it's not a very um time efficient thing right um i've been trying to push really hard in terms of being an investor first right and a youtuber second but that being said i really want to share that information i want to take you guys along for the ride and share some of the alpha that i've been achieving you know alpha being information that can outperform the market for me right that's kind of how i'm defining that so i'm sure i'll try to share as much as that here and i hope you guys can get subscribed click the likes and everything but for me personally like i've been trying to work really hard to be on top of the game and it makes it makes sense for a channel's perspective too right like you can see very popular channels and they don't perform very well but i want to perform the best right that makes sense for the channel for people who are following and getting this intelligence you want the best intelligence possible right and it's kind of sad like um on a note of youtube too um i watch linus tech tips a lot right um linus tech tips um he is a great reviewer of products but he is a terrible trader but i mean obviously it's not his profession right but the last episode of the one show which is his live stream show um he was like i'm gonna buy game stop like this is like a stick them up to wall street and um you guys donate money to me and i'll like match that 5x so people donated around a hundred not hundred ten thousand dollars he matched that to fifty thousand dollars and he caught his wife up and said yo you know i want to buy game stop i want to spend 50k buying game stop at two hundred dollars i mean come on buddy come on like you don't throw money down the drain like that right like it's like it's an insult to money like like like there's so many things wrong with that right it's like like he was so motivated by the the the the stick them up to wall street thing like having a message is important but you should never like you should never like put money out for like that right like there's something i learned about crypto right it's not about saying no morals but sometimes like sticking up to sometimes like don't get carried away with the religion of it right like if you want to outperform the market your objective is to outperform the market right and that's that's the objective for me right i'm not sure about you guys i'm not here to send a message i'm here to to to outperform anyways that it kind of baffled me a little bit that's a very personal thing i watched it i was like i was very disturbed by it i'm like you know like full respect if you understand what you're doing and you know you're really looking for another squeeze another second burst of short squeeze and you calculated it you did the maths and you really said you know this is the true alpha i can outperform the market like this and here's my reasons why then i think that's a good reason right but if your reason is just like oh i'm gonna stick it up to wall street you're not sticking up to wall street right wall street's already playing this right the guys the algo traders and the quant traders and everyone there they're already playing games with each other right there's gonna be winners and losers but winners will always be on wall street right so i feel it's not necessary like i think a lot of people also on my video for the wall street bet video was like you know what box you're missing the point you're missing the message right this is like this like occupy wall street 2.0 it is not occupy wall street 2.0 there is no yeah there is no like you should definitely never interpret the market like that like that at least for me anyways like there's no point putting emotion there's no point putting like anger there's no point putting all of that in because you're going to be making emotional judgments rather than the logical judgments right i think it's important to identify other people who are doing this and if you're evil you exploit other people who do this right but that's kind of how the system works right um you know i've always said you know uh when i trade i put a picture of sam bankman freed here um which is this guy right he's got his crazy hair and this is like a exaggerated version of this right you know sbf made 10 million 10 not 10 million now 10 billion dollars in last um last three years um i'm not going to worship that guy but obviously he's doing some things right and picking his brains makes a lot of sense to me right if even i can make one percent of what he made right doesn't that make sense it's not it's not good it's like a hundred million dollars you know so you know i don't worship people here i think a lot of people tend to worship the main players i think elon has a lot of fans of i don't really worship them i try to identify what they're doing like not what they're saying but what what they're doing and then and then take strategies around that if that makes sense but anyways i found that was kind of the winning strategy is um for everything um hope that helps that that's for me like that that's the alpha for me that's that's like my kind of primary objective is to to to to to observe people and to make the necessary adjustments on that and obviously of course if you guys want to trade on any of the exchanges like binance or if you want to trade on fx there are referral calls down below um that that definitely helps the channel out a little bit um i'm siding a lot with ftx this year um you know that was something that like i said i completely missed out on ftx uh which is sad but um i am not too late i i definitely understand that they're creating these crazy products for traders and they are just growing at a phenomenal rate and their services are awesome so i'm not gonna like you know obviously there's obviously there's referral codes but i'm not taking any money to say this and stuff i think i'm just like making a strategic decision this year to follow um or at least to learn from the thought leaders and to see where that goes obviously of course i have investments into serum and um and i have solano i have i have ftt now i decided i wanted to have the exposure and uh yeah it's like it's uh learning anyways anyways guys that's pretty much it thank you guys so much for watching today let's hope you guys can learn something um jacob says michael's giving free alpha right now definitely you know it's not just about the coins but about learning um who's you know moving fast and in fact like uh last bit of drop like it's kind of funny right so in terms of the exchanges that moved i started doing talks on clubhouse so okx really moved there too and okx has it demonstrated that i have a huge community and it was kind of very interesting watching that yesterday like um i understand mandarin right so i'm bilingual i understand mandarin and they got flame like crazy during their session because they launched their ok chain so kind of similar to how binance launched um their binance smart chain but ok chain has nothing to do with okb which is a native currency of ok exchange so unlike binance which like the the currency is the same currency and it gives value to the entire ecosystem they create ok created two ecosystems and they got flame like crazy for that oh very interesting to watch right very interesting to watch i mean they defended it relatively well i mean in the corporate sense they did try to defend it but at the end of the day i don't think it was smart i think the binance strategy there was like making the same ecosystem making the same coin giving the same value that was much stronger message but anyways oh it's kind of funny but every every exchange is making their own chain now it's kind of funny and it's kind of funny to watch like how leaders move and then other people follow and you're gonna you have to see like which are the ones that can innovate on top of that i guess and you know how it goes forwards but you know that's it uh jordan miller says i don't trust spf i don't trust him either but it's important to look at what he does you know that's a high iq play anyways guys thank you guys so much for watching um yeah i hope you guys had a great discussion uh we got someone says mandalorian flap smacks is mandalorian i have still have not watched that i really want to watch it now um llama66 says thank you happy trading um apollo 2020 2021 says elan will buy shitcoin tons of if next market cycle i think he's already buying bitcoin to be honest um i think um the the the underlying message that we seem to see here is like okay he's joking about doge all the time but i think he's paving the way to have holdings of both bitcoin ethereum maybe doge but it's gonna be interesting it's been interesting all right uh slash x's alpha beast glad i found you love your philosophy on trading i agree thank you so much for that thank you thank you thank you so much so guys um thank you so much for watching today's episode i hope you enjoyed this episode lots coming up as well and um hope to see you guys on clubhouse and with that guys smash up the likes see you next time i like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem first and foremost if you guys like listening to all that's happening in crypto on the go then i would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have long interview segments very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto a playlist and let's just follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video we'll see you in the next video if you want lá Thank you.