(Friday) Bitcoin, Cryptocurrency, and Ethereum Update

all right so we are live right now so guys welcome back to another episode of box mining my hair is a mess this morning wow look at that i'm just looking myself on the screen over on this and i'm like wow what what is happening guys what is happening so welcome back to another day in crypto uh it's been a crazy week to say the very least um yeah this week has been just staying up all night looking at the price of bitcoin yeah are you gonna go up more yeah 20k easy 21k 22k 23k really i i thought i thought we're past that stage of you know pumping like 17 per day i thought i thought we're past that right you know like aren't we maturing as an asset class um nope nope no bitcoin's like that no no no chill no chill no sure absolutely no chill this week so yeah so we're gonna do a recap on what's happening in the cryptocurrency scene this week i mean obviously um last few days last few the last seven days was just it's crazy it's crazy yeah well bitcoin we're just shy of 23k right now ethereum we we almost tried to attack 700 but right now we're sitting comfortably at 650 there was a little bit of scare yesterday so yesterday so during the night just before i slept this is why i'm a total mess just before i slept i saw ethereum just dive completely down from 617 and just dive down to 600 um so yeah from 670 to 630 so in a space of like five minutes or something like that so yeah that's that's crypto life right i mean that's that's pretty much um everything that we we're experiencing right now and uh yeah i think we'll see more of that as time goes by i mean i've explained to you guys what the reasons why which is that there are a lot of people right now having leveraged long positions and i'm gonna expect a lot more of these like sudden spikes downwards because as the market kind of moves down a little bit or when it moves down a little bit it causes a cascading effect of longs getting liquidated so this is when like the whole community is on leveraged longs and you can actually see that as well if you take a look at ftx over here and you look at the if perpetuals you'll see that the funding rates are in the positive right so this is when longs pay shorts so that's the exchange is promoting you to take on shorts because no one wants to take on shorts at this current point so yeah that's the current that's the current status of the whole crypto situation everyone's very hyped we're all looking for big moves to come and you know i've done a lot of reflecting recently i think um you know for me right for me bitcoin reaching these new highs is validation right it's it's a it's a validation that i knew that i think i didn't really need but at the same time it's great to have it you know it's great to be validated that you know this this thing that you're talking about you're not crazy this thing that you're talking about for the past three years um one and a half years is um is valuable i think you know we've always struggled with that right like crypto has always struggled especially in 2018 2019 when bitcoin fell back down again people thought it was over they're like oh you know i've heard like conversations of bankers just like oh you know what happened on a bitcoin thing you know it's all over it's just a fad it's all it's all scam you know like you know it's it's not you're the scam so anyways so we finally get to say that uh and to see what is happening in the scene but yeah we'll talk about that we have quite a lot of news um updates if you guys see how many tabs i have here for you guys prepare for today's update so what we're going to do is we're going to glance over the markets overall conditions my thoughts on the markets and we'll talk a little bit about altcoins i know i promised to talk about altcoins all the time but i kind of like you know what i'm invested in by what i talk about a lot i've been talking a lot about eef i'm talking a lot about bitcoin i'm into wing to farm the hell out of wing so we'll do some updates there we also have some good stuff happening with swiss borg so swiss borg is launching their yield product so anyways lots of have stuff happening this week and this week i've been primarily focused on just kind of yeah reflecting my on myself and also kind of just like in exposing myself more and more to altcoins it's it's a situation where altcoin exposure becomes extremely important at this current point because you know after you know everyone's like talking about that narrative right i'm not gonna be um you know i'm gonna be blunt about this everyone's talking about you know this this altcoin season when is it coming right when are the altcoins gonna explode when are we gonna make those 100x gains that uh the legends of the altcoin space have told us about so i'll talk a little bit about altcoins my views there and everything so anyways before um that's pretty much it before we start um do check out the podcast i will do more episodes on podcasts and everything and yeah just have a good day let's get the intro rolling let's start all righty so yeah so taking a look at the markets we haven't crashed to zero that was my biggest concern well not my biggest concern i was wondering where ethereum would go because we've seen a few of these kind of uh long squeezes um on the crypto scene because you know like i said a lot of people were holding longs they're taking they're riding their way up on a leveraged position and sometimes they get like absolutely destroyed if it just if bitcoin just or ethereum just moves down one or two percent so that was the biggest kind of concern yesterday night when i fell asleep so kind of like we saw ethereum just like becoming the rocket it is that it is we saw bitcoin becoming the rocket but it is it's just like it's literally you're just drawing a line up right so that was the market for um the past day or so so that was like an amazing trend we do have kind of some solid kind of resistance here for bitcoin so you can see that right now um that's where 23k 23k is where bitcoin kind of met that resistance and people are like okay look you know chill chill calm down calm down but we're not too sure like if that's really gonna be the the end all game i feel like so the way we kind of look at bitcoin i'll start with bitcoin first and my concerns first so we essentially made a video here right so we broke 20k so that let's go with the narrative we broke 20k and once we broke 20k we pretty much broke past that resistance point at 20k it was a pretty big one if you look at it um in the long run it wasn't it it was attempted a few times in fact it was attempted all the way back in 2019 and we didn't manage or break it so this was the biggest kind of look at look at that that was 27 29 sorry 2017 i'm not getting these numbers wrong 2017 this was the last bull run and yeah a lot of people got in on the top people probably wrote their way back down and was just like absolutely devastated right but yet again this is a situation where you know we're making video making content saying you know this is not the end of the world but and now we're meeting we broke past that 20k and by breaking past 20k essentially we entered a new phase right we're pretty much like saying okay like where where where can we go right where can we go from here and we're exploring this new territory it's kind of funny also it's like um we're making the the video early on this week right about the halvening and in many senses it could be the halvening effect coming into play too it's always almost half a year after the bitcoin halvening we see these explorations into new territory and this new this time we're currently exploring 23k at this current point but i feel like this is just starting like this is like if you're wondering like where i feel and where i'm at it's a situation where i haven't even sold anything i haven't touched any of my reserves at all like i feel like we still have a lot more potential in terms of kind of the the community and the socials where we're just getting there in terms of people starting to see bitcoin coming back up but i don't i don't see that main that that huge retail formal like i saw in 2017 which is why i'm super optimistic of this run at this current point so sure we're going to see some resistance here at 23k but i'm not sure how long that resistance is going to hold we're probably going to take some time to kind of just kind of play around with this region potentially we'll have to see especially you know when you have a massive rally like this there's always going to be people who have like you know trigger fingers this is absolutely something that happens all the time as these people with trigger fingers like oh market's moving down boom boom boom sell sell sell sell sell um which is what i was looking out for yesterday so let's complete the narrative there where you can see this giant candle down right so you saw an eef it was just like it just plummeted right it got hard rejected off 670 bam it just got hit hard right so rejection of that boom and double boom right take two hits all right so in one hour it dropped literally 10 plus right to 626 congrats to anyone who picked it up there but yeah so yesterday night i was looking at this i bought it actually re-entered a little bit here just to um basically i'm fomoing over ethereum right now i'm like i have so much fomo you guys cannot understand so yeah so um it went down and this is something we got to watch out for right so these are very likely caused by cascades of liquidations right people who have if it drops down a little bit like drops down to here maybe some people's 50x leverage positions will be wiped out right they get wiped out they become sell orders causing the market to dive down even further causing the 20x leverage people to get wrecked causing the 10x people to get wrecked like it's it's that's how it goes right it's literally 10 percent um dive back down and then we kind have to recover so that's kind of the narrative on the market and this is one something that i'm watching out for which is why i'm not really taking heavy leverage positions at this point um yet again it's like i don't see a heavy need to take on a leverage position it's it's unnecessary at this current point i feel like that's that's my current um two cents on it especially like anything over 5x leverage becomes super dangerous because of these sudden spikes down like we've seen that in the past right we've seen these like like you know i i i feel like i don't need to repeat myself but anyways i'm just going to highlight something like this here where you see these giant spikes down like we'll just put these arrows here because it looks cool i'll be honest you know why not see look look at that look at that look at that look at that look at that giant dive back down and this is where you know this one we got this one we got this one almost like this one was very very pronounced right we got this reverse bar simpson pattern if you look at that that's like the spiky here but but what's happening basically is that people who took on longs for ethereum they will get um taken down let me just double check that also um let's take that to a day that makes all right i'm gonna find better examples of this yeah like it's clear as day right now let me do one hour actually that makes a lot more sense we have videos about this too right like all these sudden dives down for ethereum like where all of a sudden the prices has dropped i mean remember when things fell to around 400 on uh on bybit when remember when we're doing videos on that just be very very careful guys be very careful so like these sudden dips are what causes the liquidations for many coins which is why you have to be extremely careful probably like yeah the yeah this doesn't show very well on binance it's it's okay okay so yeah that's just just just be careful i and i don't need to rant endlessly on this um like this is a stage where uh there's a lot of influencers out there talking about oh trading a bybit 5x your returns and then and then people get wrecked and then they cry in a corner and it kind of sucks so if you want to watch a video on that just like before i want to before i get too preachy uh there is this one yeah three weeks ago this don't please do not do this in crypto this video um yeah this was pretty much what happened like ethereum died from 600 to 500 um in the space of one candle right it's um it's fun it's fun all right okay so so looking at that um i'm very cautious of this right now um my mouse just disappeared um that's because i have another computer over there but anyways that's what's happening and i'm going to paste that here if i can into the live chat if i if my computer would allow me to that would be nice all right so that's my current narrative now next step right next step what's what's next for bitcoin i still feel we'll have like lots of exploration to do i feel like this is uh this weekend hopefully we'll see some like i'm hoping to see some consolidation actually too uh because consolidation means that's going to be entry points for people to get back in and also there's going to be entry points um allows us to move up more safely right that's that's my kind of two cents on my take on this now um in terms of all coins i mean a lot of attention has been turned into all coins um litecoin had an insane rally look at that 18 in a day that's uh that's a little bit nuts there um but it's kind of long overdue right litecoin needs to get um get some love as well in this current space um surprisingly i mean okay one possible reason why litecoin and all the other coins are gaining some momentum here is also because of the transaction kind of costs right now right so if you look at this is trans uh transaction speed um street tx street i pretty much have this on my window all the time now it's just it's just on this um this monitor over here which is off camera but it tells you how much it costs to send a particular transaction so say for example on ethereum right now the medium transaction fee is around two dollars and for bitcoin it is six dollars 81 cents so yet again the the need for um a cryptocurrency that's cheaper to use is becoming quite evident although of course i would say that's not the only factor right 2017 taught us that you know just because just a congestion don't mean bitcoin's dead right but it does mean that all the alts are getting a little bit of love at this point and it's much cheaper to send an altcoin or something like dash or even ripple ripple had its rally it had its day too so that's the current take now for me right now i am trying to increase my altcoin exposure i'm tackling the bigger ones first so i'm just getting increasing that exposure into altcoins reason why is that well you know it's no surprise that it's like a repeating pattern that every time bitcoin ethereum moves up and when they when they become stagnant that's when the altcoins kind of blossom reason being is because a lot of people obviously have the main holdings in the bitcoins ethereum bitcoin and if they make winnings they're gonna look to invest it's like a self-fulfilling prophecy almost right um you know you win you you win you go to casino you win what do you do you spend your money right that's why all the expensive shops like your rolexes your gucci's and stuff are next to the casino right so this is the altcoins this is the shitcoin territory right i'm gonna use the word shitcoin affectionately on this channel please don't get offended it's just the way i am but yeah so we're having a lot of we're already seeing a lot of growth here something that's to to also mention about this altcoin um stuff as well which is usually when bitcoin makes a massive rally right um usually when bitcoin makes a massive rally it is almost like a vacuum cleaner like we've seen that in the past as well which was a big trend right so if bitcoin actually moves up like 10 20 and it does it consecutively it becomes a big vacuum cleaner everyone gets out of alts into bitcoin because they don't want to miss out on the big guy moving but this time even when bitcoin made a massive rally we still see that the alts are holding out very strong we don't really see any huge drops you can see it's um it's it's asymmetrical here right so you have um more altcoins growing more than um they are dropping on the side and this is also going to be this true for um the lower uh half so we got hedge up here we got trust swap doing some crazy stuff man oh all the way back to 60 cents again um so it's it's a situation where um i'm exploring altcoins a little bit more so lower out tier altcoins aren't as strong so they're they're not as strong as the uh the medium one so that's kind of where i am now so i do have i brought back this from the the graveyard which is um this is my little notepad i bought because i can write stuff on it but now i'm going to write shit coins on it all day that's that's that's my plan so that's my weekend weekend fun but before we got there so what am i buying so right now this current point is mostly for you know the larger ones i was saying like um uniswap i was buying a little bit of kind of uh wifey and um kind of like the the main ones uh reason being is because just just having the exposure is good i'm like i want that why not so yeah so not sub 100 uh sub 1 mil yet um i think like this weekend i will look at some new targets to acquire for these kind of moonshots um definitely in the the territory for moonshots but yeah it's kind of like it's kind of crazy how many kind of crazy projects there are at this current point now let's hop on to the news we got the the kind of updates are out of the way let's hop on to what's happening around the news so the biggest news is coinbase so coinbase just confidentially submitted a draft resident registration to the security exchange commission so they're preparing for an ipo think about that huh like think about that that's kind of insane if you think about it um you know seven years ago i think people would thought these guys are crazy oh my crypto girls exchange but no right now they're going for an ico um ipo actually so um not sure how very confidential that is uh i thought i saw that as the first comment too confidentially confidential uh very very confidential but anyways um they submitted that to the sec for approval so they might be going to gearing up they might be the unicorn of next year that's going to be interesting if if coinbase becomes a unicorn of next year right what are the implications of that like if that's if that's on everyone's mind right because everyone wants some form of exposure right like it's like think about how much attention in the investment space the facebook ipo brought right even though it was a tragic launch right i'm not sure you guys remember when facebook first ipo'd but it was it's like it was news non-stop every day talking about facebook ipo next year coinbase ico all right that's going to bring a lot of attention to cryptocurrencies as well so you can see the setup going there and this year that's why i feel like yet again this is a situation where we're still so early if if coinbase itself is preparing for an ipo for even bigger excitement that's that's an action right so you know like for me i almost rarely trust people's words i trust people's actions if they're gearing up for an ipo next year they're expecting a huge huge amount of public attention and they want to capitalize on that so again that's why i'm pretty excited anyways going on that we have um farming so i've been still big on farming so yesterday i spent a lot of time this is where i spent most of my time yesterday um folding so you know i made a video on wing this week um talking about wing opportunities there um apparently a lot of people did take on that opportunity so the the yield for usdc has dropped so before it was around roughly 18 plus 18 which will add up to 36 percent apy so now it's dropped a little bit back down to 26 which kind of hurts a little bit but the good news is the good news is that you can also withdraw so you can save pusdc you can withdraw pusd and then you can save that pusd to another account and then get some crazy yields there so this this is actually pusd um pusd is becoming a very good opportunity right now it's actually a 55 percent apy so magic magic of farming but anyways we'll cover more farming very soon i think i'm gearing up for a lot of excitement i've been working on a lot of farms like the way i set it up is i have crypto right i'm gonna write that so um i'll i'll bring my i'll bring i'll bring some stuff back okay here we go here we go so oh there we go so we have the whiteboard here okay so so crypto crypto crypto savings for me is one thing but fiat uh is another all right so the way the way i've structured right now right is i do have fiat okay i'm not i'm not crazy i i do i do have fiat although it's mostly as kind of a safety net um you know people gotta live right so uh i do have fiat and that fiat is rapidly becoming crypto fiat so stables um and i did use that to farm okay farm so this is where you get like 20 to let's say 10 let me make it more like 10 10 to 40 percent on your money all right this is where it sits there but you know it's it's used in emergencies and then um it's you sit there to farm a passive income right so you know this is this rate is much better right like i see my bank offering me 0.01 percent and it's just like nope um i'm taking that out moving that to stables and then it's farming with that right now crypto is all crazy right like low oh oh i'm just gonna put lol there because um it's been crazy it's been crazy right that's the returns on crypto it's just like phenomenal right but that's because it contains market risk and the way the way i see farming is it kind of fits into the situation where like i can get some passive income without a lot of risk on kind of market risk right let's say if things do go bad if you hit a rainy day i'm still protected the reason why is because i'm you know i guess it's because i'm more chinese i guess i'm not gonna i'm not gonna maybe did i go there did i bring race into this but you know like chinese people we gotta be like you know secure safety net you know no yolo no yolo you gotta be like you gotta have a good deal but anyways that's kind of the way i'm thinking about it so i do hold some stables and sometimes a stable a lot of times right the stables are used to farm now something quite exciting as well is swissborg so i'm recently also testing this out they have smart yield so they're launching a smart yield product on december they already launched that it's on the 14th so if you're a premium user of swissborg which i am so you get to also get the automated farming system and this is for people who you know farming farming is not for everyone right there's a lot of risk and for people who don't want to um click buttons every day you don't want to spend like three four hours setting up your farm so they're safe um and yeah you don't have the time for that then smart yield is the way to go so i've actually looked through what they were farming so throughout like the past three months i was kind of looking at what they're farming looking at what they're doing to make sure it's legit and it's it's definitely like it's it's it's good it's like the books are good they're going there they're playing it safe uh 20 apy so a lot better on banks so yeah if you guys are interested check out smart yield right now i'll send you some screenshots um soon so i've already started farming on that as well and yet again it's always for me it's always about spreading out my risk a little bit for the way i see with swissborg is because they have okay so this is mostly for european right so they they're catering for european they also have hong kong like swissborg is a great way for people to get into crypto and the way i've described this for a lot of people is like they can use swissborg to get into crypto and now they can save some of their deposit to even do smart yield i think this is like the next level right if you think about it like yield in banks is like zero right like this is why this year like all the assets are taking off right because fiat sucks right fiat you leave it into the bank it gets you nothing you leave it in uh you leave it and also you lose right because of how much kind of money is being printed you're you're getting you're getting um a lot of inflation coming in this year right so fiat kind of sucks in that sense and with these kind of crypto kind of smart yo services you get kind of you get the best off the crypto world right so anyways i'm sure that quite hard but i will definitely say this is something that's worth looking at if you guys haven't looked at it already swissborg get that premium get the yield i'll show you guys next week this is something i just dove very deep into like you can see that i'm setting up both sides for everything here making sure well i can just like like not do anything for the rest of my life and just sit there and make money which is it's like why not right so let's see what else we have here um let's see all right we got some updates from wu trade wu trade has just got whitelisted so you can get if you're trading with wu token wu wu wu wu wu the wu's yep so um i didn't make an investment into wu trade and the reason why is because they're some of the smartest traders in the world i think in i think this didn't get as much attention as it did but in terms of wu trade what they're building is they're building this liquidity aggregator the strategy is completely different from ftx i mean if you actually look at it the way they look at things like the way the guys that ftx looks at things and the way the guys that wu trade looks at things is completely different right if you look at the two interviews i picked their minds and i also try to pick a comparison between their trading strategies and what they're trying to do but wu trade is building their exchange also building a token out system out and one of the biggest reasons why i took a position on them is because they have a huge amount of contribution to give essentially they're hooking up their system to various exchanges and they combine that liquidity together so everyone has huge amounts of liquidity it's absolutely insane what they're doing and on their exchange itself their exchange platform all trades are free so that's like pending soon um gonna check that out very soon but anyways they just got whitelisted on balancer um it's happening all right um let's see we got we got this one so duck dow and trust swap so two of the communities the biggest launching communities are partnering up so this happened like uh 11 hours ago but this was one of the fastest things that happened right so i feel i was like kind of involved in this i'm just like they hit it off like so fast like this is where communities really matter in crypto i think this is something that's a lot of people a lot of people underestimate but where community comes in is when they do that group contribution research and then they have a launch pad to launch new project i mean you guys know i'm advisor to both projects at this current point trust swap and for duck dow and they're just like blazing right like if you look at duck dow they're like freaking like churning out new stuff and constantly pushing out new stuff it's it's insane and if you think about all the dow's right they they're the most successful like duck dow is just duck dow duck dow like i i can't get past it like my first introduction to duck dow was watching ivan's video actually um the way he renounces like duck dow duck dow i know i can't do accents but you get what i mean but yeah they're they're performing phenomenally the way it works is that you need a certain amount of duck dow dime in order to get into their chats so there's different tiers of chats and you need to buy your way in the expectation is there's a lot of people that came back to me and they're like okay the chat activity is it really worth that money it's not about the chat activity it's about the the research right and also the accessibility to new projects that's where it's it's all at so a lot of people like it depends on how you use it it's not really for everyone it's not for plebs to be honest like if you're yeah i'm sorry to use that term very derogatory i'm turning out to be a terrible person but in crypto right you gotta pay you got you know money no honey right that's the situation and this is where this is like if you have if you have if you have money to earn honey all right this is the place you gotta go right gotta get get into the top groups get to know what's happening get into the projects that's the way um it's working right now uh magic right it's not it's not it's not communism we had we had a multiple discussions about this oh crypto is not fixing the distribution of wealth well no it's not it's not okay it's like no no no you can't just sit there and get distributed wealth i hate i hate people who do that sorry that's that's me like a universal basic income whatever that is no no no we're not going to back to communism no no thank you no it's okay i'll pass on that um uh we got jason wooses um box money do you have a bag of coin and yield so yeah the trust swap projects are all doing pretty well actually surprisingly so yes i do have a bag of coin i do have yield um yes um those two working together i think a lot of great stuff is going to come along with that so yeah that's why trust swap is also moving up hugely this week just aggression aggression is all that matters you gotta work in crypto like i was trying this graph right i was trying this graph um uh people were like saying oh you know this all right let me let me use my whiteboard again whiteboard days are back all right so this is normal life right let's say let's say this is effort effort i can't write reward all right so this is normally what happens and sometimes right sometimes a lot of people hit a plateau as well like they work hard and they get nowhere all right like sometimes you go into you get a deadbeat job and it's like oh you work harder where you work harder you know your boss tells you yo work harder please please work harder all right you suck and this is this is like very prevalent in asian cultures right not to make fun of these stereotypes that's absolutely true like hong kong they work you to the bone right you get off work 10 p.m right 10 p.m you're leaving um you're getting there 7 a.m you're working your ass off you're putting more and more effort into it and your reward just sucks right i give you a shitty pay where's my raise this year nowhere right nowhere nowhere that sucks that's life that's this is this is life life this is life non-crypto non-non-crypto-to-life okay and then in crypto life we have it completely different i think it's like this right this is like your effort and this is your reward you're essentially like look if you're sitting there and you're a lazy piece of shit sorry to say that word but if you're lazy and you sit there and you hold bitcoin you're actually pretty good all right you're you're like who can complain right bitcoin it's like 23k right now all right like if you bought it even even if you bought it at the all-time high you're gonna be making money you're gonna be outperforming the market think about it if you bought it before in 2017 at the all-time high like you're still off like what 10 you're still up 10 you're still outperforming most fund managers in the world right um but yeah but your rewards spike i think this is where you work hard and then your rewards become exponential and this is where you know like this year i like i i thoroughly believe you know you got to put in effort and to stuff like it it like this just blows my mind how some people can be lazy and get away with it but anyways that's crypto crypto welcome welcome to crypto life man just work hard here um i've seen some people working super hard i mean like definitely all the mods i thank you guys so much like i like a lot of this community came from like this community is just like super contribution based right like big shout out to claudio for providing updates on the box mining channel we have like all the mods here that are just doing this for free thank you angela thank you all nick and thank you bernard for coming in all the time like we got some phenomenal communities here i mean so me is becoming super active on there we have like what it's just insane it's just insane it's um so many people have to thank be thankful for but anyways the effort matters man the effort matters all right all right all right let's chat catch up what is up with flaxy maximalist we got a riff actor says flappy maximalism all the way oh oh l l l l l l uh a riff actor says the bigger the founders head the more the project will pump big head guys big head big head um um but now mccars is most people do not have excess funds to invest very sad yes um that is true um it's it's actually like it's actually how the world works right like i think um you know you watch rich dad and poor daddy he does have a point right like the education system doesn't teach us how to save money and it doesn't teach us anything about investing or saving money you have to learn that yourself right like i've even taken university courses on investing and it's like oh let's calculate alpha let's calculate beta here it's like but no one teaches you the real stuff like the street kid stuff that you need to know right this is like kind of what where bitcoin becomes really important like like especially in the altcoin scene you gotta know you gotta know like you gotta gauge the kind of temperature on things right but anyways no one teaches you that in school and it's kind of sad right the whole system right now is set up so it gets people in debt especially america you just look at that like everyone's in debt it's just it's just depressing and like before like two years ago i'll be probably depressed about it you see kind of the world for what it is and you get a little bit depressed these few years not so much right this year i'm just like you know what i can't change the system for what it is but but i can exit the system buying bitcoin is exiting that catastrophe of what debt is in fact i wanted to give a big shout out to uh kryptonauts right kryptonauts they they just recently did a video on debt all right what um the u.s national debt and why you care um it's a big mess just shout out to them go check that out kryptonauts but man like it's it's just such a big disaster you watch this you get depressed you know like that's that's the sad thing and um yeah welcome to crypto uh you don't have to yeah um um elijah killen says um reading the creature from jekyll island to do that is such a good book great recommend by the way creature from jekyll island it refers to the fed all right um get it on audiobook that's how i listen to it i don't know why but i can't like i don't have time to sit down and read a book anymore but i do have time to sit down and get an audio podcast so not audio podcast i'm audible audible is great by the way like you just put it on like especially when you're on transport or something like that um podcasts and audible you're still studying you're so smart when you're when you're traveling anyways um um uh benjamin natan yahoo says there are winners and losers you complain if you're a loser but if you're a winner obviously you don't want to shake up the status quo so true so true and i was watching the recent videos recently and you know there's this talk about economic recovery right like how are we going to recover and there's this talk about the k-shaped recovery which is cool right so like right now like you know some people were thinking of a v-shaped recovery we go down we go up you know maybe that's good uh maybe a flat line but the interesting one the most interesting one is a k-shaped recovery right so this the k how does that work um that means that some people are going to get wrecked wrecked and some people the rich kids are going to win right winners um this is this is very very possible actually wait i'm not on the right one so there you go so yeah so you've got a v-shaped now we have a k-shaped recovery so so um this is time progress this is money on the side okay this is how much money so so essentially the the rich get richer and the poor gets poorer here right the k-shaped the k-shaped recovery and it's i think it's going to be absolutely true this after the coronavirus wave like the way it's going to recover is that there are some it's going to remove all the deadbeats right there are some people who have been losing and that lose the loss is going to be compounded and people who are already in debt they're going to get greater into debt and the winners the people who are like like us like investing to bitcoin getting the hell out of the system we're going to go up right so it just it depends on where you want to be in life right do you want to be on this line or do you want to get on this line right this is why i still try hard this is why i don't give up and sit in a corner because you got to make sure that winner winner chicken dinner right um so yeah so it kind of um it kind of sounds sad but like yet again this is where you have to tell your friends about crypto right it's like this is where you're like yo come guys come guys hop on the boat i mean i'm preaching to people who think the same right we're all we're all smart asses here but it's like the rest of the world that we're going to be worried about oh but yeah for sure absolutely this is what's going to happen this is like yeah like i learned learned enough about the world for for this there's not going to be a reset the rich are going to be richer um yeah and people who are like and it goes to technology as well right if you look at it the companies are winning right now the ones that adopt new technologies right so it's a constant war to have the latest tech think of how amazon just kind of completely dominated space i mean brick and mortar do we still even go to brick and mortar this year right amazon just outperformed zoom right like think about people are like thinking oh look now we have technology let's solve those barriers so i think the world's going to be a very different world in like five ten years i think we're going to see something different and it's sad but like a lot of people who are stuck in the past right like we're on the edge of something new here we got and we're on the cusp of defi so defi wave is kicking off that's going to usher a new era of economics coming out soon right this is not just like a joke anymore this year we saw the power of these lending platforms we saw how fast decentralized finance is moving nowadays we just rely on like if i want to swap a coin like most of the time i just go on uniswap right like everything changed now if i want to like borrow lend some money like i'm playing with these lending platforms like it's required knowledge this is where yet again like you want to be on the rocket ship up this is where that education becomes super important because if you know about all these things and you know how to use them you know you're not going to be stuck in a dinosaur era when this type of stuff replaces what you're doing right like these bankers that you see right now you know in hong kong we have a lot of bankers and you see that they're just so outdated sorry like sorry like you know what you might know like might change in 10 20 years enjoy all right so um last few things so we got that up we got the duck dow thing although duck is launching the duck token duck dow is launching a duck token coming up very soon we're going to talk about that what that means in in short though this is something that uh it was something that i bought recently let me just check i i had the duck dow dow duck duck duck incubator launching a duck token so it's they're doing a giveaway do check it out they have the duck liquidity program they have a telegram group up for that as well but in essence it's for their market maker yields right so this is for the duck token itself is for market maker yields and it's also beef there for airdrops and nfts as well so that's the main primary use case but primarily like when i bought into it was for the yields for incubated projects so basically when you oh man i'm playing with this pen too much but when new projects launch they need liquidity right people need to be able to trade and market makers can actually make money there so this is just the fun are used to help the market makers have the initial liquidity and then the profits go back to the token holders that's kind of how it works we got bricks saying dinosaurs went extinct too stevie jesus rich people can take the risk and it's kind of funny i mean um it's interesting because you know you talk about all this rich people taking the risk and everything but i've seen some really bad performing rich people too right like it's not just about the assets it's about intelligence you have to cross the basic intelligence barrier like you have to be smart enough and you have to be street wise enough not to get scammed um there's a lot you know once you have more money you find out there's a lot more ways to lose money like um all those hey hey hey scams and these mlms you know like they're popular for a reason they they target the unsophisticated investors with a lot of money um it's just how it works it's sad but you know that's just it's life right so anyways um finishing up on this we have um updates american express dives deeper into crypto with trading platform okay so more coming more on that coming so basically amex just jumping into this i don't know why i lost that but anyways it wasn't that it's it's something we expect okay so yet again it's a trading platform on amex because you know they they don't want to be a dinosaur you guys have amex um it's kind of funny like over here in hong kong amex is like they they designate themselves as a more premium way to pay um you actually have to pay for their cards so anyways kind of interesting um okay so we got persistence they're also having another airdrop for tara two things i actually need to research tara and um what their airdrops are doing but persistence you guys saw a video on there they're a project based in india targeting the trading of um stuff that's on route so in the supply ship so they have already have a working product called comdex super cool actually really great to talk to those guys uh check out the videos if you haven't um reading up on reddit today was kind of interesting so this is um this is kind of sad police destroyed my seed slash pen situation is um complicated essentially local police executed search warrant on my home they seized my phone number a number of documents related to cryptocurrency investments uh following my lawyer's advice i called into my property only um to get my property back only to find that it has been destroyed documents destroyed containing the addresses seeds pins for various cryptocurrency investments holy crap that sucks that really sucks man that's that's i don't know like if they destroyed it it's gone right so this is a situation we're backing up like you know we talk about you know we celebrate but the celebration is not warranted if you can't keep it right so it's a situation yet again i'm gonna have a few more tutorials on security backing it up it really sucks for people to have their homes rated so yet again it goes into this idea of like how do you back up your keys if they're seed phrases like um you know you can back up your ledgers sure but you need to be able to back up your keys and that's like that's absolutely bs though how that can happen to someone so just be careful like that's yes idea now we have also have this was just like trending on reddit the man who accidentally threw away bitcoin is probably even deeper in pain now that bitcoin is 22k he would have been 167 million if he had not thrown them away this is a guy who threw them away i mean like back in the day we're all mining right and when it was like two dollars or like not for me it was ten dollars when i started mining but for other people like if you started in 2009 or 2010 when this stuff was just like no one cared right you can mine with your cpu you can get tons of bitcoin you save in a hard drive and then you can have the the the glory of throwing away that hard drive this is the days before um proper backup freezes phrases right so right now we have those words that you write down that was not implemented in the first iterations of bitcoin right so that's bip right bitman bitcoin improvement protocol that was brought by by big bit 147 or something like that right so it's like it took 150 47 improvements to come up with the the way to write down the words before it was like you have to save it on your hard drive or you have to save it on a usb and if you throw that usb away or the hard drive failed or if you like this guy and threw it into the trash good job good job 167 million dollars in the trash heap right now wrecked all right so this is like if you invested 1k in bitcoin 10 years ago okay obviously obviously right bitcoin if you invested 1k in bitcoin ages ago gg gg i don't even want to look at this i should have invested 1k in bitcoin um like this is a stupid part right back then back then like when i was looking into investments right 2012 i was mining bitcoin but i was like oh this is like everyone says it's going to go to zero so i actually invested in other stocks i mean the stocks didn't perform poorly right i i did you know i invested in amazon invested in tesla invest in amd um those are great but not as great as bitcoin oh lol lol lol lol so yeah that goes that takes us down to now so we're pretty good we're we're pretty much finished everything here to talk about um oh all right so yeah that's pretty much it for today by guy by the way guys please do smash up the likes down there it does really help this channel out um i have a 528 people watching so thank you guys big thank you big hearts uh christmas is coming up um it's really great i'm just being very very thankful very reflective recently and uh really glad to have this discussion like i would actually say you know this channel also helped me a lot um you know uh it it made me pushed me to learn more i mean that's the that's the best part of it right like you can't be lazy right you you start a channel up you have to like be on top of the news right and this has actually helped me a lot and given me the opportunity to be where i am today so i'm really grateful for you guys so smash up the likes and if i can smash up my guys likes for you guys i will do that too okay um richard lero says bro may i ask what you think of ddim thanks a lot and more power so yet again it's it's one of those so duck down okay so so two things right so one thing you have to be careful of is it's insane rally recently right so it's just it went it went bananas and the reason why it went bananas is people realize that it's actually a very powerful community ha ha who would have guessed right so this is the thing with these um like i said so for duck down like two things right one if you if you can afford it um go in and get the information right for me i always use them as a gauge of information but also at the same time i feel like as a community they're performing phenomenal like if if there's one community you bet on duck down trust swap you know like that's where i invest in most of my time obviously i can't be biased because i'm an advisor but i chose to be an advisor because they don't suck um like because they're the best performing ones out there so go figure right um llama 666 is 512 watching now is this the all-time high no dude you guys remember 2017 2017 we have like i think peak was like 2600 people watching on a random live stream like holy crap i don't even know how to read comments like like um yeah this is nowhere near the top this is just like like i i see this as the beginning for sure like absolutely like this is kind of what happened towards the start of the um 2017 so towards the start of 2017 people were much more positive right so you talk about altcoins and people like oh you talk about altcoins you're a scammer like that reaction was pretty much what we're having now where the community is much more positive and uh you kind of see like 20 like it's a it's a big change right you can see that there's a big change this year right starting this year 20 early 2020 people are like oh you talk about altcoins don't talk about altcoins you're a scammer but yeah now it's like everyone's like okay which ones are you exposed to tell me more right so this is a very big change in people's mentality right now and i feel like that's kind of what we saw at the start of 2017 um you know yeah there you go um oh man heck says ddim was better at $3.50 well you know rent btc rent btc just went to 100k um okay we got old man hex's nice haircut thanks man zachary j productions what um pushed me to learn more give me your honest thoughts on velo so velo kind of weird right because i thought the velo partnership would have mattered a lot more to be honest so yet again as a situation where i thought it would perform better like i'll be honest about that like i thought i thought um i actually got in like close to like actually maybe not let's see let's be more real so i got in somewhere here i also bought back something here um i thought it would perform a lot better here um but yeah it didn't go that way so we'll have to see we'll have to see i see i i still i'm still holding i'm still not touching i still feel it has a lot of potential especially with what they're doing in asia there is um okay so potentially where the flood could be coming from is that there are earlier investors that i'm not part of so i'm not an earlier investor i don't have the deal terms i don't know when the dumps are coming so it could be a potential that the earlier investors they want to cash out and dump somewhere mid next year like maybe march april-ish but i was like to be honest i was expecting better performance this year um but i'm still holding on to it i feel like what they're doing in asia still matters i think it's still important but yeah it didn't perform um it's below expectations for me i expect more and i expect more updates and hopefully they'll do a lot more in that um area so that's my honest review about it um yeah oh do do do do do um k johnson says any thoughts on the graph i think it's actually not bad um graph got really hot right all these like tools um i looked at it before um it's got a lot of hype these few days because of the binance listing and everything let me check out what's happening on the graph i don't really have any thoughts further than that to be honest um let's see it's always really hard like the first few days during price discovery like it's not yeah nothing really much has changed i mean they they're og crypto people know they know what they're doing but yet again like these few days i'm not too focused on um playing the early game like sometimes i think maybe the early game is now like acquire some and then hard to say hard to say like yet again it's where you need to do the dumpling dumplementos analysis right what do people buy it and what do people um when are those coins being released and then you have a better picture of the early days of trade i think it just after launch it's not bad i think injective did well after launch so that might be a good idea but yet again i'll be honest here i don't really have any strong opinions either way um it's like the graph is something to look at so this is where the graph graph i actually don't have any of their contracts so i don't i don't have any of the staff so i don't know where where the dumps could be coming from all right um gable omg says any update on omise go so recently gbv has acquired omise go and there's a lot going on in background i'm not too sure what i can reveal so i've been a little bit like you know scant on the kind of updates for omise go even though i'm an advisor to genesis block and also i'm also like in genesis block ventures too right so um there's a lot going on but i'm not sure what i can reveal so we're going to get an update with them in the future but yet again so there was a lot of like for the past few weeks there was a lot of red tape around everything like um it was pretty like yeah it's like stuff's happening though like super a lot stuff happening um winner says macbook air 2020 and metamask how is it for treating dude it's phenomenal it is phenomenal like a backpack um so i carry it around all the time with me now um yeah just carry it around with me put it in a shitty backpack um dude it's it's crazy it's crazy fast um you open it up ta-da not paid by apple but like dude like life changer life changer life changer like though the way i set it up right now is um i can hopefully not see anything there but um yeah it's like super fast to use like way better performance like you can just like close the lid take it out with you battery open it up 100% use it for like 30 minutes like one hour like 97% battery life like holy crap like how god damn it god damn it goes to show how intel sucks like this year has been a year on shitting on intel and i'm happy for that because intel has been abusive for the past 10 years uh mr jendagia says how many projects are how much projects are you advised how many projects are you advised so a few i've been pretty selective about them to be honest um being focused a lot on bigger stuff like trying to like get the investment side up gbv side up um so i don't advise like a million projects so right now um in terms of advising i'm advising trust swap i'm advising um what you call what you call that um so yeah i'm part of gbv i'm uh hackins up there so recently i had a good type of hackin i'm talking a lot with uh swag right now i think that's um that needs that's like a such a good business if you guys look into what it is um it's such a good business they just need a little bit of a kick um what else am i doing so duck down my advisor there as well uh did i say trust swap trust swap is there um yeah not too much anything else um player is there player shout outs to patrick um yeah not too much uh okay who's um simon says emergency can you please check out rent btc btc just went to 100k can you send me the link like it's not i don't think it's an emergency i think this guy just been posting this non-stop on the chat like yeah rent btc i mean i know what rent btc is um coin rent btc it's just representation of btc but yeah it's just btc relax calm down calm down uh we got nisu nisu nisu nisu b riku says join the flat earth revolution on facebook right i i was like commenting on that like you know to a certain point you know we're talking about dgens and crypto and stuff right like to a certain point you gotta be super you gotta lower your iq right so maybe maybe like it depends on how low you want to go right so this is a running joke right like degenerates in crypto sometimes make a lot of money right because you're just going all on very little information right there's a the problem with the whole defy craze was that information was very scant like for example like the andre crony projects like sometimes it's just like you get you get like a minute to decide if you're going to enter a position like keeper was one of them it's like okay you gotta dgen straight into that stuff and then hope for the best right because you have no idea what it is but it's launched um and it's increasing its price i mean when i saw it so sorry about that i got a call coming in but when i when i saw it just like it shot it was shooting up by like what 10 per minute so you had to make a quick decision of whether you want it or not um otherwise you're gonna eat like uh like every minute it's like 10 right so um go figure so anyways maybe one day i'll i'll be degenerate enough to to join flat earth and just just just screw this screw intelligence right all right i think um jason who says at box money you and ivan have a lot of common projects yeah why not why not um we're both part of book duck down why not that worked really well um jason was i need some confidence from michael matic we got some matic shows here so anyways i think we're gonna do some more um episodes and updates um yeah being pretty pretty thankful this few weeks but yeah i think it's a situation where things are going well so guys thank you guys so much for watching today i'm just gonna conclude um today ralex will big institutions go into full altcoin by 2021 um hard to say big institutions they are a lot more um blame concerned like how do you phrase that like big institutions don't like risk so even bitcoin is a risky asset so they they like if things go wrong their heads get cut right like think about it from the big institutional investment perspective right like these guys are all pencil pushers right they like the the fund managers all get paid a very good salary right like um they don't want to take that much risk and if if they take the risk on behalf of their clients their heads get chopped off right so this is why it's like big investors actually have a very strong herd mentality where they they kind of follow where the trend is going oh if everyone's talking about microsoft okay let's go microsoft or tesla everyone's going tesla let's go tesla it's safe now but they're always waiting for someone to take the lead and then for them to join a hop on the bandwagon it's more easy to explain to their investors if something screws up it's kind of it's super funny like it's super funny how the investment world actually works and it's like some stuff like you know what's the sec for well the sec is to screw over anyone who screwed you over right like if you think about the big investors perspective if something does go wrong with their big investment these pencil pushers need someone to blame right or paper pushers need someone to blame so usually what they do is they're like oh i'm not to blame i don't want to get fired right i'm not to blame it's usually not my fault um it's actually the projects they gave us bad information they were fraudulent and we need to stick the sec on them so then they have their influencers um and then get the sec file complaint with the sec put some money behind that then the sec has no choice but to investigate that company and then that company gets screwed over right that's how investment world works so at this current point i don't think big institutions will really jump into any of the bigger alts maybe like maybe the super big ones but it depends on what you define by big institutions like if you're talking about big big you know your black rocks out there you know they'll take some time they won't they haven't even entered bitcoin yet and if you talk about the medium institutions like the medium kind of crypto funds well crypto funds invest in everything right so if you look at what your gb genesis block venture does is it can invest in everything so anyways that's pretty much out um so yeah so it depends on where you say like michael sailor i think michael sailor probably do it like i think he's the leader but uh he's been fighting a bitcoin fight for a long time he's his bags are in bitcoin so it's very unlikely he's gonna jump into alts like for maybe two or three years and then probably when two or three years it becomes kosher enough he's gonna he's gonna probably buy up and then he's gonna announce that he's bought up and then yeah that's gonna that's life right that's how life works um we got a good compliment from bk lunges says i really like listening to how level-headed he is about everything he talks about lol thanks man thanks i've been trying to be more casual on stream it's like um yeah it's it it takes time right um like yeah so thanks for the compliment really does help um i mean this year i've been trying to stream more and just being more um yeah it's just being more able to analyze i think that's that's key and expressing my opinion um so yeah that's pretty much it guys so thank you guys so much for watching today smash up those likes watch my those likes um and all right we go for another car thanks michael have fun this weekend definitely definitely we'll try to have fun this weekend i i definitely wanted to take some time off but i'm not sure when like it's a matter of like when do i calm down and take a chill pill and christmas is coming up you know gotta spend some of that money so anyways guys thank you guys so much for watching smash up those likes be tuned i have quite a lot of videos stored up i'm just too mean too busy to release them but video on mining very soon like mining versus staking very soon and also like um a few requests for like coverage on like pancake swap all the binance smart chain projects serum lots of stuff coming up make sure you subscribe make sure you hit that notification bell really does help the channel out thank you guys so much for watching see you guys next time i want 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 follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video so so so so so so so so so so so so