(Friday) Crypto and Bitcoin Livestream

button and we are ready to roll so guys welcome back to another live stream of box mining today is friday it's friday already it is the 19th of march here in hong kong bright and early in the morning 11 o'clock we are ready to talk about cryptocurrencies and today is not the best day for crypto i think i definitely see a little bit the signs of a little bit of a blood shed on the market so yeah we have quite a lot of red appearing on the charts this morning wait why is it not oh there we go yeah there we go there we go so we see a little bit of blood in the morning um you know three to four percent it's not the end of the world but definitely i think a lot of people are this morning i saw a lot of people were a little bit concerned because obviously the market has been extremely extremely strong the past entire week and a lot of people were very worried about you know when this is going to come down to the end and this is very much perpetuated by mainstream media you know when bitcoin dropped from 61 000 mainstream media is like oh my god it's over oh my god but you know with crypto ironically this is a time that makes me super excited because this is where all the deals are right this is when the market kind of pulls back a little bit allows people to re-enter the market if they exited or allow for better entry points because of the market moving down a little bit and then of course i feel like there's so much going on this year especially with how there's so many different projects making crypto a lot easier at the end of the day i think that's quite key because a lot of people who i talk to they don't understand that people in crypto are getting like 20 50 100 annual percentage yield on their current like under stable coins too a lot of people don't understand that they can just have exposure to the u.s dollar and still earn a lot better rates in the banks that's the power of decentralized finance here and even like we've seen articles where the bank of america is literally saying yo you know what this decentralized finance thing maybe they're onto something just just maybe just maybe just maybe just perhaps perhaps maybe we should take a look before it's a little bit too late and we definitely see whatever is happening in crypto leading the way i mean bitcoin led the way and now we have central bank digital currencies right cbdc is coming in and governments trying to issue a digital version of their currency trying to compete with bitcoin now we're going to see that the same thing happened with decentralized finance as well a more transparent network and um a whole just whole ecosystem of financial applications all of it is open all of it is available to everyone to and to both observe and to participate and that's where the direction of crypto is going right and the banks already see this so i definitely see that this is a very powerful time it's a very powerful turning point obviously of course a lot of people don't realize this so but you know we'll talk about all the other stuff in the market we saw some hacks that happened over this week as well so we're going to pay a little bit of attention to that too and with that guys let's get started make sure you guys if you guys are coming in for the first time make sure you guys smash up those likes it really does help this channel this channel is all about providing the insight that mainstream media doesn't cover and the thing about this power of youtube is that it's open to everyone i know there's a lot of youtube out there i think there's recently i've seen a lot of youtube hate and i'm trying to make this channel very different not just about the hype right i mean i think a lot of it's you it's very easy to hype on youtube because youtube it boils on emotion but this channel is very different it's about strategy it's about thinking it's about planning it's about really about learning that's kind of very key here because if you understand what you're doing you're going to be very much ahead in the space and that's exactly what happened there the dotcom bubble people who were insiders of the industry who knew what was going on who knew the people who knew the insight who knew the information they are ahead so make sure if you guys want to be ahead click that subscribe button down below it really does make sure that you get the latest news out there notification bell as well some surprise live streams coming up lots of insight too so smash those up slash the likes let's get started all right all right all right let's see well the markets right now definitely we see a little bit of blood on the markets i think there were just what there was a little bit of concern but to be honest you know seeing these figures makes me super happy still i mean bitcoin 57 000 ethereum 17 1700 all right and we definitely see that today there was some minor pullbacks all right like a lot of times when we look at the market and overall conditions we look at if there's asymmetry in the market right is there more red than there is green or is there more green than there is red we definitely see that the power the magnitude of the green so we see pundi harmony are we see a coin balancer they're all pushing up very aggressively but we also see a lot of red in the top 100 today so we definitely see that there's a little bit of a pullback today it's not it's not definitely not the end of the world but it's also a sign that the market's calming down a bit right so the last few weeks the market was really propelled by those stimulus checks right the stimulus checks were coming and people knew that was happening in fact there was a survey right there was a survey that said literally americans could spend up to 40 billion dollars from stimulus to buy bitcoin so that was kind of what pushed crypto up this news that the stimulus is coming that it's signed it's going through its way and eventually it will or might of kept people hopeful like 40 60 percent of respondents said that they'll invest in bitcoin over stock so yeah definitely a lot of interest there and a lot a lot of fear of missing out especially in the front of bitcoin so bitcoin was front and center of the news and that's why there was a like a mass propelling up you know bitcoin passed 61 000 let's take a quick look at the charts too let me just load that up here so that was kind of the story that was coming in but at the same time obviously people took advantage of this too right so because there was that high because of that there was a fear of missing out obviously bitcoin did go up but now it needs to have a little bit of a time to come down a little bit just just just a little bit so if you look at the charts what we saw here was that last time we saw the charts bitcoin did break past that initial barrier of sixty thousand dollars right so you saw it rallying above sixty thousand dollars but then it got rejected so it didn't really manage to explore the seventy thousand dollar territory so everyone was is eyeing that right everyone was eyeing that once it passed through this barrier once it broke through those walls then it would go to 74 or 72k depending on how you view it but it didn't really go there so it did seem that the bears took control at in the end on the 13th of march and then we kind of dropped down to 56 000 another attempt at the rally so we definitely see that the wall is there we'll move the wall up a little bit so this is the wall that we're trying to break through for bitcoin at this current point so everyone's kind of very much eyeing this yes we did we are pulling back a little bit but this might be where the accumulation happens where people who are looking or on the fence about bitcoin they can take a major position well that's kind of where the market narrative is potentially obviously you know there is a room there last time we saw the support the support here last time we saw was quite strong at forty five thousand dollars so you just have to be careful that you know the bitcoin is not only always going to go up not financial advice of course but i think a lot of people have this hype and fomo fear of missing out of what's happening and i definitely see that you know this is a like these are times where the excitement hasn't really reached this crescendo yet i feel like this is where like the market has been very much responding very well to bitcoin this year and i don't think that's going to stop at all because this kind of whole wave highlighted some of the weaknesses of the financial system and also gave a lot of strength to decentralized finance to everything that's going on a lot of validation too so definitely what i'm eyeing for next week the coming week is that we're going to try to approach and attack sixty one thousand sixty two thousand dollars and then really kind of push all the way to seventy thousand dollars that's kind of where the next really big kind of objective area is there's been a lot of talk obviously out of a big wall at around fifty seventy thousand dollars a lot of people are anticipating quite a lot of kind of profit taking in this time during this period of time as well so that's something to watch out for so around the next kind of if we go up the next kind of major targets to look out for seventy thousand dollars and then once past seventy we could go to twelve a hundred and twenty i think a lot of people give these big numbers out i'm going to be a little bit more calm here i'm going to say there is a lot of resistance at around seventy thousand dollars that's where where the kind of the update data kind of currently suggests so just um that's where i'm kind of piecing together i'm looking forward to that target and then that's for me and then we'll kind of prepare for the next big wave personally on the chart so something that we do look at as well is this chart the rainbow chart which i find relatively useful uh we we are we are in a cycle of you know it's it's weird right um you know these things shouldn't be but we are definitely in one of those cycles where we're we're really pushing up if you actually look at where we are at now so this is the this is the time between 2012 and 2020 so just looking at bitcoin over a span of 10 years you can definitely see that growth so where i'm really looking at is i'm looking at kind of push like what bitcoin pushing up to like the red territory here maximum bubble territory i i know it's like hey these cycles always happen i know it's probably not the best way to grow something um you know these hype and dump or you know like these hype cycles they come and go but apparently that's what people kind of like and something i've learned these few years is that market always moves like that no matter how you try to prevent it and i've seen so many bitcoin maximals trying to preach you know that they try to make this graph like a linear chart of growth i mean obviously that's great but human emotion never plays out like that right so right now we're at this point where we could be entering the formal intensifies period this could be a possibility which i'm looking at so right right now 68 000 and then if the once it kind of reaches that state people really don't want to miss out on bitcoin right the stimulus this check is coming in maybe that's the maybe that's going to kind of be the ignition point for that formal and i'm pushing it bitcoin up to maximum bubble territory and then of course that's when you have to be really really careful like we're already in the red but there's deep red and then of course there's that always at risk of bitcoin falling back down and touching these lines so anyways um that's the cycle for you and we're kind of we're kind of midway on the cycle you know so far so what so far what the rainbow chart shows now we're going to take a look at ethereum as well if hasn't really moved too much to be honest yeah it's kind of just stuck here it's kind of stuck here right it hasn't really approached approached 2000 so this cycle um so this entire week it hasn't really approached two thousand dollars right so that's where kind of the last time it got rejected that was the all-time high it hasn't approached that yet so if it's kind of taking the briefer at this current point there's a lot of action on the all coin front so this kind of this is like kind of the perfect climate you know if this is what was a weather forecast you'll be like oh these this is like the perfect conditions for all coins to grow and all coins grow they did so we definitely see there was a lot of activity on the all coin side even on the all coin index we definitely see we're moving up right so more and more people discovering all coins they're getting a little bit bored of bitcoin and ethereum right the majors yeah they haven't moved too much in the last two weeks and people who want and demand news on an hourly or a minute wise basis they're looking towards all coins to see where the innovations are at so right now yes all coins are definitely heating up this is kind of interesting as well same thing it's also on the blockchain center is the all coin out season index i kind of always like looking at this but yeah so um all coins are definitely heating up you definitely see that the indices is increasing and it's also reflected in the market as well if you look at the past seven days of course in in the top of hundreds you definitely see a lot of explosive growth on the all coin front right like yes there was a pullback in the last 24 hours but if you look at seven days there's definitely a lot of activity here a lot it's very very asymmetrical we can definitely see huge growth uh while on the other side the flip side things being reduced it's not as strong so definitely you see a lot of asymmetry going on there a lot of movement in the all coin space and a lot of new coin launches too this is where the space gets very exciting so personally for me i'm definitely preparing for an all season you guys know i have like kind of separate portfolios that's how i arrange my brain the bitcoin ethereum front i don't really touch but all coins slide i'm pretty heavy into that and there's a lot of action action happening so this is where i'm kind of paying a lot of attention this week you can kind of see that i'm ramping up my own research as i've said this year i've been mostly focused on investor first youtuber second um and i mean yes it does mean you know it's a little bit unfortunate i have to apologize to this channel you know we're not we're not going to always be able to stream right now like i feel like a lot of times i'd rather have uh monitor the market over producing videos because video production does take a little bit of time so anyways but this week that definitely this weekend a lot of focus on taking up new positions and if you guys are interested in coming up and discuss i will definitely do a few clubhouse chats over the weekend if you guys are interested so make sure you're on with me on clubhouse and of course if you guys aren't on telegram just give a shout out say hi um currently of course telegram is a little bit closed our channels are closed but we'll try to hopefully open it up at some time so anyways um a lot has happened especially if you actually look at a few coins i'm just going to give shout outs to linear so linear yesterday was just crazy it just it just went ape right if you look at the past 14 days look at that giant spike the giant giant crazies push on linear so linear got listed on binance it was one of the coins i interviewed very early on i saw a few comments earlier that you're saying i think it was let me just say um let me see who it was i definitely saw a comment someone who did like a 70x on linear so congrats congrats congrats that was something that i've held on for some time and i was just like wow like yesterday that explosive growth um on listing on binance so angela wine says congrats to all linear holders definitely definitely congratulations on there if you if you're a part of that action that's that's insane right the magnitude the scale of that is insane and a lot of people were thanking me yesterday because i did talk about linear very very early on and a lot not not just about you know price speculation everyone loves price speculation but it was about the stuff that they're doing creating these synthetic assets this is something that's that really exploded this year it was something that you know i had to admit at a point you know right before talking and reconfiguring my brain because for the longest amount of time i didn't really believe in these synthetic assets something like dye one of the reasons being is because these synthetic assets are exactly that they're synthetic they're created based on a backing of cryptocurrencies but they represent the value of something else and linear does that right so linear allows the creation of just a lot of different assets and they allow people to create um so i say l usd you can create a linear version of usd it represents the value of usd but it's not backed by usd it's backed by us but not by usa it's backed by linear linear and other crypto assets and this is something that's going to go across chain very soon and you're going to be allowed to both exchange and swap now initially when i thought about these these concepts and this concept of kind of a collateralized coin a synthetic asset right this was something i was like no this cannot work because if prices are too volatile but what we're seeing now is that with prices and with the collateral being more diversified it's actually starting to work and this is becoming something of a very powerful tool i mean synthetics had this dye had um this concept but linear really extends that to multi-platform increases usability of that so anyways i felt that was kind of why that pulled me in and then obviously now i think a lot of people are realizing that too so definitely congrats to all those linear holders out there now let's talk a little bit about the news and what's happening so i definitely feel like the all coin space it's pretty explosive at this current point and i think yeah it's sometimes i struggle to talk about it obviously because it's very high risk too and there are investments that can go completely to zero and i've had that happen before where something that is very hopeful um it just empties out goes to zero all right so i feel like that's why for me personally yet again not financial advice but for me personally i have like these kind of segments of my brain you know the bitcoin segment the e segment and the all coin segment and i kind of like isolate these it's almost like isolated accounts on say a trading platform a lot of people have this isolation mode where if one strategy fails then it doesn't really affect the rest and that's kind of how i'm taking things but i feel like a lot of people kind of mismanage this and then they go ape and that that's like that's when disasters happen where they lose everything right but at the end of the day i feel like what crypto has taught me is about segmentation and having isolation anyways let's go a little bit to the news i think there's definitely a lot of news happening um this is this caught my eye so um sec issues first ever charges over phony insider information on the dark web and we definitely see that a lot right why this is important is because we see a lot of phony information on the dark web um in crypto space you know you definitely go into every chat and they're like binance listing soon all right no matter what coin like binance listing soon guys i got some secret information this finance listing is happening because everyone knows once the binance listing happens there's going to be an explosive growth right like look at like yet again take the case of linear once it was once binance was announced you definitely see that spike up but obviously that's everyone wants to cause this now so i've been seeing a lot of um just absolute fake comments on this like um so this is something that's definitely getting cleaned up but before it gets cleaned up in the space man like if i had a penny for every time someone said binance listing soon to a project i think i'll i'll be very very well off by this point so just be a little bit careful of that guys this is happening a lot and uh law enforcement just i don't think i can keep up with that sort of uh spam out there but anyways that's that's a little bit of a warning right there all right so bitcoin both hold back as fifth point um bdc's monthly futures expire so everyone's kind of speculating what's going to happen at this point there could be some pullbacks that are coming so yet again i don't really value too much and look too much into this i know you know everyone loves this but in terms of speculation i feel like this is kind of like i feel like crypto is overly speculative but anyways future is expiring soon take that as you want now here is a little bit of salt that i saw and i thought that was kind of uh interesting bank of america sees d5 potentially more disruptive than bitcoin itself very very interesting um so yes um banks are a little bit salty here there's no good reason to own bitcoin unless you see prices going up says a bank but it's intrigued by decentralized finance i don't know i don't know how many of these comments we'll see in the next few years right i mean uh uh it's a it's a it's interesting because they want to give some value to d5 because they definitely see that as a competitor but they still want to bash bitcoin even though for the last 10 years bitcoin has been just going like this right okay fine it's going like this but the speed at which is going up is much greater than the speed at which is going down right um bitcoin has been buried by a lot of these reports for the longest period of time so if you look at the last 10 years bank of america has been saying bitcoin has no value and oh no why why why didn't it go to zero huh but anyways i mean if you do a logic check here it's very obvious that the banks want to support the fiat currencies but that's because they have a very strong hold there they control the keys right they are the like bank of america they have all the licenses and you know they they can be ahead of everyone else but if they go to bitcoin if everyone moves to bitcoin they're going to lose their advantage right so that was kind of always a fear that's coming into this place it's interesting though that they're saying that d5 is quite interesting i feel like i feel like what's a what's astonishing right like um because we're so used to what's happening in crypto i feel like a lot of bankers don't understand how fast this space is growing like even in the d5c in it it grows every day almost right between all these lending platforms between the new platforms that do offer yield farming also deployment of capital also leverage lending borrowing flash loans a lot of this stuff is like black magic to a lot of people and i think this is very interesting because if you actually listen to the senate talk um about libra all right i'm bringing back libra here facebook libra this was a few years ago a lot of senators during that talk or during the hearing was very surprised that crypto can move large sums of money across borders very very efficiently all right so this starts with bitcoin you can send bitcoin in the world any over the world any anywhere in the world any amount and the same thing goes with these stable coins like usdt usdc you can transfer us value over um just almost instantaneously right that's a lot of power and a lot of people don't realize that this is here now d5 takes this to the next step right it allows deployment of capital essentially what a bank does right you go on a lending platform you can loan out your usdc that gets um used in different strategies deployed in different cap deployed in different projects and used in different ways to grow the ecosystem that's kind of insane right so i've definitely see this year there's a lot of money parked in crypto as well this is where you can see a lot of yield farming platforms all of the most of them are just bragging they have like they they can essentially um get like a hundred million dollars total value locked in like 24 hours that's how crazy d5 is but i feel like we're just beginning to see the start of this like this this is gonna be a little bit crazy i think this is gonna be quite crazy talking about that of course there are a few projects that are making d5 a lot a little bit easier for everyone i feel like that like recently i've been doing quite a few kind of discussions and talks with different people and something i definitely realized is that decentralized finance just completely baffles a lot of people and having an easier entry point is good so i've been talking a lot recently to key tango so they're making a platform that just makes it so much easier to get into d5 so they're using even ai to analyze certain products analyze people's trends in the past to kind of like look at where they are at in terms of their knowledge of crypto like say for example have they ever even used uniswap right this is a decentralized um exchange have if they use uniswap then maybe they can be interested in something else like sister and law chain or something like that kind of nudges them along the line but won't go over into too much depth that's something that i find quite struggling that i struggle with on this channel because this channel is general and a lot of times i go very very deep into that decentralized finance ecosystem and then people are like what are you talking about right like cream deploys funds to alpha hormora and an alpha does something else and leverage field farming and it goes blah blah blah right and down the chain but i feel like this is something that is really necessary at this current point where a lot of people are interested into this and i have a lot of people who are asking me hey michael what's happening on d5 what's your farming all right well really you can get 20 on your usdc like on stable coins like a lot of people don't realize this and i feel like that's that's where the value is at like if um if bigger cap amounts of capital is to come then it needs people need to make this a lot easier and a lot of people really confuse it they're like oh you can get 20 or 80 percent apy but you must get your exposure to bitcoin right and bitcoin is very involved no you don't a lot of times people your farm on stables and you have to kind of slowly explain that to people so i feel like these are kind of what you want to look at right so key tango is a project that actually makes it and analyzes what people have and it kind of pushes and nudges them along the journey i think that's kind of very cool on that front and the other talk i would say is also we have dow ventures very much a similar idea as well as a d5 dashboard i feel like this is something that's super necessary these days like at the end of the day you need to be able to have easier access i feel like d5 right now currently has just a very handful small group of people in the know but yeah i feel like the next step is really this we're kind of taking that to the next level now something that i do want to say that's quite negative and scares people away from this place and i saw this was something that happened earlier on this week on the 15th if you guys are on buying a smart chain you probably noticed that there was a big red flag on pancake swap so pancake swap and cream domains both had hijackings that kind of sucks i mean so what happened was that some hacker managed to take over these domains and when people browse pancake swap there was a prompt that came up to say hey put your private key here hey guess what guess what guess what guess what put put access to all your crypto in this little box i think a lot of you guys are definitely not you know stupid enough to ever do that you know never ever reveal your private key to someone that's like the first rule of crypto right but i'm sure that these hackers definitely did manage to get away with something because i feel like a lot of times these scams work and kind of prey on people who don't understand how crypto works and crypto you'll never ever need to put your private key to something right that's number one and your private that in a way that's good that you have a ledger because your ledger and presser and all these private um all these hardware wallets actually hide everything so long as you lock your words up in a safe and you never touch them again ever never give it to out out to anyone that's much safer than like you know um other shitty stuff that happens but yes there was a domain hijack um people are trying to figure out how this happened very likely what happened is that it happened and attacked uh either go daddy or the domain register so um this is something that it's the stupidest thing and i had friends that experienced very similar things before what happens is that a hacker they kind of find the identity of the people who register these domains and then they go and call go daddy right they go call the domain register and say yo i'm distance this person i lost control over my domain please help me and they'll reveal you know the the customer service might ask them a few questions about you know what's your name date of birth blah blah blah hackers will have this on hand and then answer these questions correctly and then take over the account so i think that's what happened i haven't really fully um this happened a lot to my friends because go daddy and stuff was just so um very likely that's what happened um and then something a stark reminder as well um guys you're in crypto understand that the private key should never be compromised and i think the hackers could have done something even more shady there like they could have tried to replace your metamask extension maybe say oh look your metamask extension is at risk click this link download this version this variant of the metamask extension and then use it too and then that's going to cause even more damage so i felt like it's good that the damage is relatively controlled at you know the the lowest level but it could have been much worse and i feel like this is something that's unfortunate about the internet infrastructure i know there's a few lawsuits even to go over this and we'll probably see that soon coming out from both cream and pancake swap to sue people who or these companies that manage domains that you know just give it out you know like candy like just give control over this domain out like candy so anyway that's pretty stupid but anyways um on that note as well very quickly guys so i do want to say that this type of identity theft is very common and a lot of people who have like say the google account secured by their phone number right you know when you have your gmail you secure that account with your phone number and then maybe that gmail is used for an exchange a lot of times hackers use your phone as the main point of weakness they'll pretend to be you go to your phone company and say yo i'm so and so this is my date of birth this is my address you know hackers can find this information and they'll pretend it's you and steal your sms or steal your phone this is actually extremely dangerous and we've seen that happen to a lot of people so whilst we're here and talking about safety make sure like you got your make sure you don't use phone to have a on a lot of your accounts whether you want to use hardware like hardware wallets or you can use something like um this what you have here which is the uh yubi key or even phone a google authenticator sms um google phone a communicator anything but sms sms is the least safe way especially just just hearing these stories of how a lot of these phone companies just give out your phone number to random strangers if they have your information that that's not good that's not smart so yeah it's called sim swap yes sim swap happens a lot so just just be careful just definitely more sophisticated sim swaps out there and other attacks that use your identity they can't even steal your address etc so yeah not limited to phones um sim swaps too they can try to do a full identity theft so um definitely be very careful definitely have hardware security that's the way to do it all right on some much more brighter news all right um we have the nft space just completely blowing up so we got andres and howitz they are leading a 23 million dollar round for the the marketplace open c it's insane right so if you guys have bought following nfts this whole topic has been exploding everywhere this non-fungible token led by the beeple sale i think a lot of people were surprised at the 69 million dollar sale of a digital piece of art right so a lot of people are looking at nfts now in fact i've seen like millions of youtube videos about nfts it's kind of hilarious to see that over the week because you know we've been exploring this space very early i've also been taking investments into nft space very very early if you guys saw engine you guys probably know i've been following that project for a long time but um it's finally catching traction and it's it's a situation where i do have to relay some experience initially nfts didn't get that much traction right you know this this was around for a while but people didn't really see the use cases for it but now obviously that wave is here it's heating up i mean you got logan paul mr beast and everyone just jumping on this train because they realize that people like collecting stuff right i think like 10 years ago people would have said oh people collect shoes oh really like like but sneaker heads are real right and i think nft heads are also going to be something that's very big as well because obviously with nfts it solves a lot of the issues with collecting like for example you can know your rarity you can know authenticity you can know how what the records of the sales are the previous sales a sale history this kind of does a lot of the job of these big auction houses right because that's what they kind of do that being said of course obviously i think there's a lot of speculation in the nft space where people just want to speculate and everything and i don't think it's for everyone at this current point um i definitely feel like the kind of the art community is finding out about this and you can have like this 360 million dollar sales regardless i think if there's money flowing to this right i've seen you know the how big how how much this art market is worth i've been actually watching a lot of kind of these documentaries and shows about to try to understand the fine art world a little bit more it's not one of my strengths i'll be honest here i i i'm not an art collector by any means nor do i cannot create art at any means but i definitely want to find out how much the and it's like being an analyst for the industry need to know how much that industry is worth because if this can be a thing if digital art can be a thing and collecting digital art can be a thing it's going to be pretty wicked i saw this as well so non-fungible tokens i saw this which is uh elon musk tweeting they don't know i own the songs non-fungible token right because non-fungible tokens can represent anything not just digital art but it can represent maybe intellectual property right an nft for a song uh nft for a tweet nft for uh what what else is there like financial assets for insurance there's a lot that can go on in the space and i feel like right now we're still at the hype phase where we don't know what works or what doesn't and we're still at the proving that there is a market for this long term right so a lot of people i think uh me included i'm kind of a little bit baffled sometimes at these big numbers for art that's going out but can these markets sustain itself i think this will be the next question for the next five years that being said i'm definitely excited for this because this has actually brought a lot of people to understand crypto especially a lot of artists um you know i'll be honest like digital artists i've been in the gaming industry for some time and one of my roles in the gaming industry was the source digital art so finding say cg artists to draw like these grand you know cg art pieces and also artists to design characters to design models this is a very kind of cutthroat industry a lot of artists don't make that much money right that's the unfortunate part art a lot of times you definitely see that too right like the art world favors a few certain artists and then the other artists have to go on the streets and draw people portraits of people right it's unfortunate but i feel like having this nft space means that there's going to be a lot more access so people who um they might create this very good art um they may never enter the auction houses of christie's but they can enter the auction houses of open sea right i think this is one of the biggest assets so it's people kind of prove that right so people you know he he made he made a lot of hype waves very early on on open sea and then christie's took notice of him right so i feel like that's kind of where the opportunity for artists are and i feel like the space that can grow up so definitely taking a lot of interest i've definitely obviously i'm helping a lot with refinable um that's coming up very soon where refinable is a platform that offers um kind of art sales but on binance smart chain because binance smart chain is super fast so yet again um i feel like this is this this is definitely that's coming this is definitely that's you know get really cool art get access to that and of course allow a platform for trade and again why why should why should why should we just have two parties like two big auction houses right to dominate crispies and soft bees why do we just have that why can't we have more auction places and i feel like that's kind of powerful um irish guys can you nft your name can nft impact the music industry as a lot of people so i think it's still um right now it's still very early stage and we don't know how well these things can get adopted in fact we've been even discussed nft in the music industry with machi x for some period of time like around two years ago but adoption takes a little bit of time and that's something i realized as well you can have these grand visions but then it takes a little bit of time for people to slowly understand this and for the record even for the regulation to move around that too so i definitely see that this is something that can be done like nft of the song right like think about the power of that right if you can you know buy nft representing some lady latest i don't know like billy eilish song or something i know what the cool kids like these days um a terrible music taste by the way but if you can invest into that like um people will be more willing to share that music too right that create that more viral effect so you definitely see that potentially that sort of gameplay could work or or or not just gameplay i i as a gameplay designer i think everything is a sort of gameplay but if people can invest in their favorite song right and they benefit from the success of that song that's going to be crazy right because that's going to increase the virality factor of that song by a lot right it's always going to amplify what's going to happen so maybe maybe i think that could be an interesting play especially right now it's not very well explored obviously it's going to be regulatory hurdles of involved as well so say for example if um this song is played a lot you know and you hold the rights to the song do you earn more right these are questions that i think will be tackled in the next few years right how do you get this kind of um how do you move money across in that sense right and that's going to be very very interesting imagine all these like school kids just like buying a tease to their own songs and then just showing that i don't know i don't know and then get rich off that that that's kind of cool i don't know i don't know like i said i like i said i'm not the best music taste in the world but you know i definitely see the opportunity there there um all right we got mustafa muhammad says i've been trying to join a tg channel for a year now i'll try i'll try i know i know like um um um uh zio dme says i know someone who sold her art for eight eif but in but in person her art sells for 15 dollars kind of weird i think so i think all the artists are just like blown away at how much money there is here um yeah i would definitely say if you're an artist like if you have artistic ability which i do not like i'll be right flat out and say i don't have any artistic ability all right but if you do have artistic ability if you're you're an artist i think this is a great time to just create your own brand like be your own agent right like the problem of art is that a lot of times it's like kind of revolved around um a few select group of people it's almost like the music industry where it's very tightly controlled by record labels if you can go indie like this space allows you to go indie and go big right like i think that's powerful i think that's really powerful so yeah if you're artists get on this right now because yeah you can earn eif out of this like it's crazy all right so uh moving on on the nft space we also have fm gallery so this is a project i'm looking at recently and they're also doing blockchain nft artworks and they're moving more towards the art side of everything so they're doing the gallery side they're showing different pieces of art they did the genesis art which is really really hot right if you actually look at how the the art the genesis i think i showed you guys some of the genesis art um that they have where um yeah let me see if that's there there's an ama it's done by the chinese team and um they actually collected a lot of interest from the chinese society like yeah the genesis drops these these were super cool like it's insane i think like if i think the quality of art is getting better now as well like if you actually want to see um more beautiful art um i think the quality is rapidly accelerating and that's really good so yeah fm gallery if you guys are interested in checking out their both their art and what they're doing in terms of art gallery and creation i think that's super super cool yet again for me a lot of education because like i said i'm not i'm not an art dealer by any means i'm not jihon chu but um i definitely am interested in you know how this can relate i've sourced art in the past um i was pretty savage at sourcing art in the past um trying to find the best deals to make um for uh for the company to make digital art for the for our video game but never expose myself to the art trading scene and i think that's that's where we're going now that's where we are going now all right so moving on that as well let's see what's next so this is also interesting on the news front so we got um bitmex co-founder offer haze offers to surrender to u.s authorities in hawaii under this proposal haze will be allowed to allow release on a 10 million dollar bond secured by one million dollars in cash pretty cheap huh pretty cheap i mean i'm pretty sure that at some points in the past bitmex would probably make around a million a day you know it's chump change for offer haze but regardless of chump change or not this is very it's very important to follow because this is one of the biggest cases against crypto exchanges right so bitmex they were offering these leverage trading positions and then they they kind of the story here is that um if you take on u.s customers that's not good and um because of regulation reasons and the other thing is of course if there are are people that are if your aml policies are not up to par that's kind of where they're um really taking this right where they're pushing the bank secrecy act and saying okay look did you really do kyc for people who are trading over 10 000 us dollars worth of currency so that's what they're hitting them hard on it's important to follow this case because i do notice that a lot of exchanges right now are offering withdrawals and deposit for around two bitcoin right without kyc so this might actually really kind of change the way crypto exchanges at least centralized crypto exchanges operate because if you know if the bank secrecy act and that's what they um they hit bitmex with and that's where they get in trouble with then a lot of exchanges might either follow suit or might go into trouble as well so this is why it's important to follow this case because it kind of really um indicates where the regulation is heading yet again not a lawyer but i'm definitely eyeing this very very closely and trying to get as many lawyers i i know to also comment on this as well because i want to know what's happening because this really affects our everything that happens in this space all right um a few things as well let's do some chats on what's happening i think uh someone commented ada ada dumps discuss um i don't even know what what there's to discuss i mean something goes up something goes down right i'm not too sure why people are very surprised about this so yes cardano took a seven eleven percent hit you know my um view on cardano i think like i'm not the biggest cardano supporter but you know i'm happy for their success you know they've been moving up very very heavily for the past few days i don't think it's relatively helpful um to discuss these short-term price movements i think a lot of people do that all the time they're like oh my god it dumped you know 11 today okay so what it's above a dollar right um you know people who got in at like 10 cents they're probably laughing all the way to the bank at this current point so you know go figure so anyways um yeah trading hourly doesn't really work out and a lot of people something that i've seen that's a trend um in this space the people who've been around for a long time like none of us trade on an hourly basis like we look at broad um broad movements a lot of people dca and i think it's like the longer you've been in the space the more humble you are i think if you just enter the space and i've seen this happen all the time people feel like they can time every single second of the market right just boom boom boom like and i've seen so many people get wrecked because of this right they go they feel like oh man this is the lowest point for this hour for ripple and then they're gonna buy ripple at a hundred x leverage and then boom their accounts get wiped like two hours later right like it happens almost all the time in crypto like i don't understand like i i guess i i guess i'm like for me as a person i've always been playing it on a little bit more of the cautious side but that's also why i've survived right i feel like that's quite important to remember too like i've been in this space since 2017 i've made huge gains i made huge losses but at the end of the day i survived right and i don't think a lot of people can say that right um a lot of people they probably just went into crypto then saw bitcoin dump and then just exited take a took a huge loss gg wrecked game over right but um for me i've been playing a lot less aggressive like in the start i had a huge bitcoin portfolio i didn't really go into all coins at all right i didn't go to any of the ico's i didn't have the hype my bitcoin very early and i said at that point i was very very at risk of becoming a maximalist then i started becoming understanding more about what's happening on ethereum then i started understanding what's happening on this new all queen space what everything's happening and the whole ecosystem every ecosystem is different right and that took a lot of time it took a lot of time it took a lot of full-time time too so yeah it was not easy and i think the way i set it up now where i have like these separate kind of mentalities it's almost like i'm running three separate funds at this current point um but that's that's all right you know that's all right uh uh random smith says just sell high buy low most people do the other other way most people do the other way so uh uh flats max is everyone with ada went flat went broke i don't think so right ada is still really it's still ripping it i don't know why people love it but people love it you know it's a it's a thing all right all right so xyw says any thought about fan tokens i think this is a good time to bring up one of the most controversial topics right now which is bit clout right bit clout okay how do i even begin to um talk about this so uh so big cloud essentially is um it's like it's like social media coins on steroids so it parses twitter so it takes all everyone's tweets and stuff and uh it makes a it makes them a personality and it gives them their coin it's very very rough i think the way i i've had a few discussions with people about what is big cloud and stuff it everyone who is on twitter even you if you have a twitter account you'll have a big cloud account that's the way it goes and big cloud will sell your coins that's even crazier big cloud they won't offer you an opportunity of whether you want to sell your coins or not they'll just say oh look there these are your coins um we're gonna sell them on your behalf if you don't claim them tough luck right go go go complain don't go cry to someone else but everyone has their coins and everyone on that platform has coins already so even big influencers i've seen like elon musk have coins katy perry has coins chamath halipatalia okay i can't pronounce his name i tried i tried but everyone has their coins there right including and i haven't claimed mine as well box mining but so this is actually relatively interesting because we've been talking about creator coins influencer coins whatever you want to call them coins for people now this is very savage because they never asked for permission first right this is very this really took a playbook from some of the most savage internet companies in the world they didn't ask for permission they didn't ask for my permission to create this box mining coin apparently already it's been traded and people are buying it already i'm like whoa what the i didn't get permission for that um so that's big cloud and people need to use big cloud to buy these coins so this is where yet again it's um it's very savage it's promoting their own brand because um big cloud will always win if you can only use big cloud to buy people's coins right so that's kind of where the i feel like they're really pushing some boundaries and permissions so in some ways it's good because i think i've been always very hesitant at creating a coin because i feel like you know what can this coin offer like what what is a content creator coin right and i've been thinking a lot of time like what sort of value can it offer and a lot of people make these bits bs up oh you can do like meet meet and greets and calls and i don't think that's very interesting like that's my just my butt feeling right like like what should an influencer coin be and i've in fact had a discussion of people like should an influencer or creator coin be something like you know even like maybe like investing in a person like um i think one of the examples that was being discussed on um um uh it was on chat on clubhouse right someone was like oh i know sam backman freed and if i could invest in this person right like if i can invest in this person like three years ago i would throw everything i had at this person not his company obviously but his person because sam went on to create of course alameda um ftx exchange serum um yeah he's he's he's got like 10 billion dollars so if you're like at least right that's what he he said on um the media after when journalists asked him but um yeah if you can invest in a person that'd be great but this but big cloud is not fat i just want to make the distinction there the big cloud they just went ahead and sold these tokens and whatever these tokens have value for and whatever they do that is completely up in the air right now so i feel like this is yet again a situation where technology is there like you everyone can create the um the the token but the purpose right is not yet very well defined and even in the case of sam sam backman freed if you invest in him as a person do you should you get equity of his future companies that would be actually quite interesting if he gave you say like like if he reserved like 20 equity stake in all his future companies to all his token holders and that equity goes straight to token holders that would be super powerful that would give the token a lot of value but of course there's a lot of legal ramifications beyond that so anyways i think we're at a point where technology is moving faster than what people can define and what people can use these tokens for so i'm not for or against big cloud i think this is something that's relatively interesting they're very savage i think it's like the way that they push that boundary first it's like it's almost like uber right they they'll go into a town first and then ask for permission after right same thing they'll they'll they'll sell your tokens right same they'll sell your tokens and then ask for your permission later and i think that's not i don't know i don't know it might work it might work very well it might not but something that is interesting last thing i want to say um um is by doing so that does that remove liability as well like if everyone has a token the platform gave it out to you and you have no permission of issuing this i mean you know like you're not involved right i don't know that's that's also very interesting too because i've seen people who are very brave and they create their own personal tokens but is that security what regulation should that follow but if everyone has a token now we have like everyone in the world or everyone on twitter having a token you know how does that work i think there was a suggestion for box plant token i think that would be quite cool box plant token you know the plant influencer if you guys are interested in that big cloud here we go not box mining box plant that's that that's the way to do it right that's the way to do it this this inanimate plant will choose the next the next 100x for you guys all right okay cool so anyways that's that's my thoughts on big cloud i feel like it's it's very rough it's very it's very savage like the way that they do it is very very savage it could be interesting could not be interesting a lot of people are obviously speculating a token price because they expect people to shill it in the future so like show and pump their own token but yeah i think there's there's some ethical issues around that but who knows right that's interesting um and there's endless threads about that so anyways all right so uh what is up next what is up next definitely i've been looking a lot into uh all coins recently insure ace launched so we're having an interview with them very soon and i had the talk of these guys like around a month ago talking about insurance and how that works so expect that to come in the future insurance we also have some really interesting developments on polka foundry so that again lots of i'm always queuing up a lot of uh stuff to talk about which is really fun also a reminder guys um a lot of these launch pads are opening whitelist is required to register now personally for me i've been talking a lot to the eefbox guys um i'm actually advisor now for eefbox after talking to them quite a bit but yeah eefbox is opening up interview coming up very soon and yes whitelists are registered like you probably have to register very soon for these whitelists um same thing with polka starter um lots of projects coming on a polka starter both title finance shift and convergence finance are coming up very soon on these platforms so yeah um this space is moving super fast um i love it and hate it at the same time right lots of new exciting developments lots of expansion like insurance is something totally critical in this space but yet again like it's so hard to information store at this current point so i definitely ask you guys you know do your own research make sure you understand what is going on um i definitely see a lot of unhealthy growth in a sense that everyone is jumping on to a platform now like make more coins for the sake of making coins right but you know sometimes it works sometimes it'll work and i think we just have to have the expectation right um you know like being able to manage um finance being able to properly manage your mind here is quite important so anyways uh llama 666's plant runs over bears with its lambo lambo nice that's that's that's that's a personality that's the personality we're going for all right guys we're we're ready we're ready guys we're ready we're ready uh we got eds which is a big polka foundry supporter i think polka foundry is actually super interesting um because it's providing a lot of the necessary tools for building right you want more people to build but right now people have to write the tools themselves right but if you can um really have like say an id there you have your chain cross chain interoperability there you have your data there that could be quite interesting so anyways guys that's pretty much it uh um pollinator says it looks like big cloud is owning people's identities without permission theft imo i definitely think so like in a way like they're forcing people to sell them but they're selling people's coins without their permission and the problem is now it's like okay now i actually have to think about if i do claim my box mining coins right which i have not if i do claim those what value do i offer to people right like this is kind of interesting because now i feel like if i claim them they're i'm responsible somehow for those coins right um like people definitely speculated on those coins um but i haven't i haven't it's it's not something that i said oh i want to sell this right it's something about thinking about um you know it's a force it's it's almost like forcing my hand to think of the purpose i think um there was a comment about sam beckman freed also um being forced to do this in this in this position right he was like um to be clear this is not for an endorsement or anything but um i can't believe i'm doing this he actually tweeted and claimed his profile because we don't it's like it forces you to do something that you may or may not want if you don't claim that profile it's going to go haywire you don't have any control over if you claim that claim profile then you kind of have this like semi-responsibility of providing a use case for it too right but anyways um big cloud man big cloud savage savage a f right this is forcing people to do something that's crazy anyways uh it's fun uh um big cryptogram says i'm assuming someone's twitter account could be hacked and their tokens could be claimed that could be possible too because all you have to do is you just have to tweet out um that message like and then if you yeah that's actually quite a good thing like if someone if someone does hack my twitter and then they sent out that message they can claim the tokens without me knowing so that's kind of scary that's kind of scary anyways guys um that's pretty much it for today uh lots going on a lot of people are asking about refinable so the best way to know about refinable is there's a few in amas coming up so make sure you um tune in to those and yeah there's definitely a lot going on so with that guys i think um i'm gonna wrap up this episode also also also also also whilst we're here so um i totally forgot to uh not totally forgot today there's going to be a really big event in hong kong so i've been hinting at this for the past week or so and that's going to be the grand opening of genesis block in one not just in one chai but in trim cha chui so this is one of the biggest districts in hong kong very very central lots and lots of traffic it's gonna be bitcoin center there and the best thing about that bitcoin center is it's right opposite a bank all right this is like this is the new versus the old this is all right right opposite it's hang sing bank which is uh which is owned by hsbc in hong kong right so it's right next to hang same bank um they opened up a location people can cash into crypto get in there's also like these atms you can buy both bitcoin ethereum omg even um you can buy all these coins at their atm in this very very prime location so i'm super excited because it's really like crypto is really changing the landscape of hong kong right like before um so my story of genesis block is i went there when i first started crypto right so i actually got an invite from clement ip which is now one of my really best friends in the space and um like it's important to have people an entry point and understanding a physical location right and genesis block offered that they had a shared space they had um you know people where you can ask questions where they can help set up the keys and everything so this is kind of continuing on the idea not just genesis block and huan chai but they're opening up a new location in chum cha chui so i really think this is going to be a big for hong kong i actually had a sneak peek of it um last week and uh something that's interesting is that there's so much foot traffic and so much curiosity into crypto i think this is something that we'll see in today's episode right a lot of people very curious about what's what's going on in the cryptocurrency space and they're not fully sure of whether they can go in or not but i think that's that's where that's where the center comes in right this is where the value is so anyways this is the this is the location um so i actually took a picture of this last week so it's genesis block they're opening up they even have this wall here of bitcoin the cryptocurrency prices right this coin 360 right there but yes they're opening up the grand opening is today so i'll be there in person just um talk about them there's also been a whole journalist section as well so i'm really really excited this is going to be something very huge for hong kong i'll be there so it's going to be in five hours i'll send you guys a link so if you guys are up at that time make sure you guys come in say hi there's also going to be quite a few surprise visits as well a lot of projects in hong kong are going to come and visit that location so yes um definitely tune in there's going to be quite a few interviews we've got those scheduled up it's going to be super super super exciting so anyways guys um check in to um it's going to be around in five hours five hours just um click the link so i sent the link up on the chat make sure you guys click the link um click the set the reminder button it's going to be fully live it's going to be super fun it's going to be 6 8 p.m hkt and uh yeah we're going to walk around the space we're going to see what everything is around there we're going to see the traffic of people you know kind of curiously looking at what this bitcoin thing is you know hong kong people they're not right there they're not very convinced about bitcoin they're going to give you give you the eye you know that's going to be fun and i think it's going to be super interesting to follow so guys come in come in uh and see what's up and if you guys are in hong kong um try to show up i guess but there but the only problem right now is um there's is a limitation how many people can come so don't all come in hong kong at once um but yeah um today six tonight 6 p.m and that's gonna happen so guys um thank you guys so much for watching today and uh yeah uh we'll see you guys very soon thank you guys so much for watching see you guys next episode 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 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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 bye