Bitcoin Breaks Down $20K: Now Below 2017’s Previous All-time High

for YouTube and it says trans updating transmission so we should be live let me adjust my mic a little bit here so this is my first time going live in like i think it's been 10 months since my last live video that that is a long time 10 months um almost like three years in crypto honestly like three crypto years since my last live video so um i'm saying i'm seeing the data is being received in excellent condition and i'm uh seeing chat chat is live so welcome guys to another box money live stream where we cover what's happening with everything that's going on the markets i mean it's a it's quite a crazy time right we got bitcoin dropping below 19 000 actually no rather okay all right no no no stop it's below 20 000 it's sitting at 19 763 at this current point in time and we got ethereum right hanging on there you know just saying hey by a hair at one thousand and one dollars one thousand and one dollars that's like a very exact number it's just just above oh wow oh just look at that look at just now it's like we're we're almost gonna go below we're gonna go under a thousand to three digit if so it's been it's it's it's all right it's all right and i i wanted to do this video just to catch up with you guys a little bit um i had a lot of people ask me if i am okay if you know what's happening here i thought it was a good time to not just update you guys with what if i am okay but also ask if you guys are okay right so chat welcome back guys so guys tell me if you are okay all right tell me if you guys are okay are you guys affected by this cryptocurrency crash i'm also going to be a little bit intrusive i'm going to be intrusive i'm going to ask you guys also how old you are as well because um depending on how old you are you're going to react to this dump very differently so i thought it might be interesting i mean if you guys are brave enough all right so we got uh bricks is crypto fire sale for noobs dot sav gaming clips is welcome back crypto grims is hello bernard we got bernard mccarius here we got angela wang back in here that's the old gang we are excited crypto grims is i am great waiting to buy 600 dollar eef oh that that's so hopeful bernard that is so damn hopeful um uh i'm waiting to to be honest i i'm also waiting like um you know i i will share with you guys a lot of the reactions that um i have it's kind of also weird for me too because when i'm trading i've been in so many cycles now that i'm very calm and i suppress emotion right like i i feel like sorry apologies i don't know why i'm coughing but i've been i've been in this market so long i've been i've been through the ups i've been through the downs i've seen so many crashes now that i'm like i guess i'm indifferent i'm almost like it's almost like i don't feel anything deep down and that's something i want like if if if i'm in a trading environment i realize that the emotions really work against me so i actively try to encourage myself not to feel anything right and and it's to a point now i just i i don't i don't feel anything yes i i took huge losses i'm holding bitcoin i'm holding ethereum holding a lot of all coins like it's to a point where i have the the xeron wallet app installed on my phone i'm not going to show it to you guys but every time it like it refreshes you load the app and there's almost like this like 10 second delay before it updates your wallet and you just see the numbers go down right you just see the your wallet numbers it's like all right congrats uh you just lost uh uh this much money right now that's kind of what zero is telling me and and i and i guess i've seen it so much now i don't really care or feel different i i kind of know it's um part of crypto you know you can't go up without going down and i'm i guess i'm i'm thankful i guess so uh let's get some responses from chat seeing how you guys are so benar makaris says he's doing okay 62 and different strategy for other than others wow that's that's crazy man that's and bernard just total respect for being on this on this as well uh briggs says he's 48 um fuzzball says dry powder waiting to be fired 42 so you guys are actually quite older like it's kind of interesting because like um i've been looking through youtube and i've been analyzing like what age range everyone is here and initially i thought everyone here is like 20 ish but it does seem to feel like the people are posting are older that's that's super interesting for me super super interesting for me uh fuzzball pieces um mcdonald's here i come oh man where's my mcdonald's cap i'm kind of waiting for that cap right now so anyways guys um let's talk a little bit about the market um i guess a lot of people would um have emotions regrigo says i'm 22 all right that sounds about right that that sounds in line with uh what youtube's feeding me on on my data stuff here but i mean it it is a pretty crazy drop right and it's like in many ways i i would have thought you know initially when i was making videos earlier this week i would have thought we would have kind of held all right in fact i thought we would have bounced all right because like it's like there's just so much fear in the market the the greed index was just at maximum fear uh the whole of mainstream media was freaking out and that's usually a good sign and that's usually a sign to to start buying or at least at least aggressively look into buying but it turns out the market's even more fearful than this right it feels like so yeah so so we did uh we did go down uh so we're down here we're down here right now so we're all the way down to wow and then just since uh since the stream as well since the stream where we're also down to 19 000 right here for bitcoin so it does seem like on the weekend people are a bit more fearful especially maybe the funds especially right now i feel like it's like let me zoom out a little bit i feel like we're closing on a few support levels that are i think in people's minds they feel like this is where michael saylor might get liquidated so he's the one of the biggest proponents of bitcoin and he's been holding massive bitcoin bags and he's definitely has a position and everyone's almost afraid that if bitcoin falls below certain points that he's going to get liquidated and it's going to cause a cascading effect to crash crypto prices even more so all right so that could be on the fear like tell me guys if you're afraid of that i honestly don't really care about that to be honest um you know uh i i find right now is a point where if you're on crypto twitter everyone's gonna be fearful and it's just like it's the same old fear going around so i i kind of stopped looking at that i mean i guess like i've just seen so many crypto deaths and i think like in many ways like i guess for me personally like the the i haven't really touched like you know i've been waiting for a time to trade this week so on my trading so i haven't really executed on that yet i just felt like the market was a little bit too weak and um i'm kind of just sitting here waiting along the sidelines with my stables i'm not going in yet i feel like it's not ready but at the same time i think i forgot to mention in a lot of my videos that i do hold like i i'm a big hodler right like i i'm hodler to a point where i store my bitcoin i store my eef bunch of other alts we still got v chain in there all right we got still got engine we still got a lot of these long hoddles there i i stick them in there and i just throw away the key i i not throw away the key so to speak figuratively but like just throw it away i i just don't care about it it's it's something that i'll touch in maybe five ten years right and i kind of felt like it wasn't necessary for me to constantly look at the value of that bag it's like you're gonna go through the emotional roller coaster anyways i thought if it's hoddle it's hoddle right if it's trade it's trade right so so that's kind of um the way i've been i've been seeing things rodrigo says i can see michael sailor buying the dip i can see too that being said however i do feel like the apes have gone in too hard we'll talk about that in the later i remember i prepared a lot of articles for us to go through on this live stream but i yet again i just felt like this is a chill session so we'll go wherever chat wants to take us but honestly i feel like right now like people feel poor like three-year-olds just blew up like these all these like uber bulls you know they've exhausted their available funds and they exhausted shit that can come out of their mouths too right like like i'm just watching mainstream media right now i'm just like guys like how many words can you spew out right i'm bored by this i'm bored by this i mean tell me guys tell me chat if you are bored if you're bored by this um uh heredith says i'm not sure if that's a good idea to go where chat wants to go ooh maybe i'm an amateur now i mean i haven't been streamers for such a long time maybe maybe maybe it isn't good but uh i have faith in guys i have faith in guys i've been i've been looking at um this chat and um i mean i have faith in guys uh to see where we're going so uh we got del blinks says i've been watching since 2017 man respect for that respect respect um you know it's it's been a journey man it's been a journey and i guess to put things into perspective as well right i mean if you follow this channel you've been in crypto for a long time all right if you've been in here for since 2017 you've been crypto for a long time and and i guess like today i had a little bit of like reflections i guess like i was um talking to my parents-in-law right and um you know for them they're like oh the markets are bad the markers are terrible you know they're like doom and gloom and asian guys like asian guys are always doom and gloom all right that's a rule not to be racist but that's a rule right like like old asian guys are always thinking all the world's coming to an end the us dollar sucks us like euro sucks japanese yen sucks everything sucks right bitcoin sucks but i mean like i talked to him about bitcoin since bitcoin was like 8k right it's still like let's see what is it now it's still it's still 17 it's not 19k guys still 19k guys i mean we've been in it for a long time right um i guess if and if you zoom out a bit like we're still massively up it uh it does hurt to see numbers go down all right i mean let me let me actually just like scroll this down a bit that's how much we felt right we've felt so much i gotta change the scale here all right we peaked around you know the 24th um in 2021 uh we peaked at 69k jesus jesus yeah that's that's like it must hurt like i i feel like for people who are new to this space i mean if they bought bitcoin in anywhere near this region which is when when bitcoin was like the talk of the town right when bitcoin was talk of the town when people people were massively just like talking about bitcoin and if if people got in here and they didn't get into heel farming if they didn't get into some of the crazy d5 products like those d5 free coins like whether it's a uni swap or dare i say yfi wifey that that stuff was insane right if if if we were in that i mean obviously you're golden even if you're like up even if you bought up here you got into d5 you'll still be good right that's that was how good d5 was right but but if you didn't go into d5 if you just bought bitcoin you bought dogecoin you'll be down what is it 60 19 divided by 19 divided by 68 yeah you're down 70 78 percent yikes i yeah i mean i can see why some people are upset i can see why people upset like especially if this is your first ride um yeah we got pseudo crypto says i'm short since we lost 58k mugen powers is one btc goes to one btc allen says going back to 8k soon okay i can definitely see why some people can be upset i can definitely see why some people are asking hey are you okay right right i i get asked that quite a lot i i i go and chat i i go on my my my telegram chat and i get that asked are you okay are you okay yo yo yo yo yo are you okay of course i'm okay right i've been in this ride for a long time i i de-risk when i had to de-risk you know i took losses when i had to take losses too you know we'll talk about some of the ridiculous losses i i have for um this cycle too i mean i'm not gonna be dishonest here i'm not gonna say i'm the perfect guru there there are losses this is crypto right uh but that being said you know um and some people also ask me why i smile sometimes when i say things like that it's because like i guess i'm to a point i find humor in this now like i i've took such huge losses but i also had such huge gains that i'm indifferent to this and i can get just laugh sometimes i feel like uh there's still some of my friends that are like every day they're just calculating how much they've lost you know they're hodlers too right um you know there aren't many people who aren't hodlers but i know because the ones that aren't hodlers they leave and they probably like either lose money and leave but the people who are around uh they're hodlers but some of the hodlers they still calculate like how much the network has gone down every single day and i felt it wasn't necessary to do that anymore like i felt like for me at the very least it's just unnecessary like hodl is gonna be around like i don't believe crypto is gonna fall like i don't believe crypto is gonna die right i mean like look at this tweet by cz it's popping as he just posted this like 30 minutes ago it's got like what almost a thousand retweets already he's like question cz how do you see this market he's like i don't know it's my third cycle 2013 all-time high one thousand dollars then a low of a 200 for a year 2017 all-time high twenty thousand dollars then a low of 3k right that's almost like 85 percent down we're not even at that number yet all right all-time high 20k then the low of 3k for a year all right 2021 all-time high 68k low of 20k so far so far so far so far so so that's the ride we're on that's right um we've been here for right um so it's like go figure i'm not good at ta but do you see the trend i love that love that so yeah i guess it's just been uh and bernard is echoing this is i he says it it's like a riding a roller coaster over and over again loses its excitement factor over time i i definitely see that and i guess it's like you know for youtube for youtube content you want to be shocking right this is where i'm like very very conflicted about emotions like even for this thumbnail i'm like oh my god like i like that that's what he works on youtube right you got you got to have emotion you got to stir up some drama you got to stir up some shit you gotta yeah you gotta you gotta you gotta pretend to act for your life but i'm like nah nah nah but you know i got also got a good question here um from alan sh says um you never bought or short selling um not too much like i i traded um and for me a lot of the good trades were on during a bull market i find it's much easier to long than to short um like that's that's just the frank story right like i feel i feel like the best trade i made was just like 3x long on doge like i was a little bit like oh yeah elon hasn't tweeted for a while let me let me let me 3x long on doge uh using those like bull tokens and stuff right and and that was like ridiculous like the gains on that because like during a bull market uh uh the amount you can get is just utterly insane right if a token pops and i guess like now i feel like like there was a time i wanted to take a break um like the whole youtube thing the whole trading thing it just got to me for a while so i felt like there were two kind of cycles i missed out on so yeah i didn't really actively trade for the past um let's say almost like three months like super active like before i'll be like actively trading youtube i'll be actively trading like i'll be actively trading i'll be actively making youtube videos and i just like i just got burnt out right so so there was a point i decided i just wanted to make my peace like there was a point where i said you know i i sold as much alts as i wanted to decrease my position just in case you know something like this happened so like i i made my preparations and i was happy with it it was it was a to a point where i'm like this is how i'm happy to hold this many alts i'm happy to take this much profit i'm happy to be where i'm at right and then i just kind of stopped it there and i said you know what i'm not going to trade every day i'm not going to let this kind of dictate my life for a while because i was definitely at a point in a danger of just going overboard and becoming very unhappy just because of like the amount of like stuff to do so yeah so that was my situation i'm happy to huddle i'm still waiting i'm still patiently waiting for prices to uh to for this for this bear market play out that was kind of my experience like um i think a lot of people you know like they jump they jump on twitter right they jump on twitter like i'm buying now i'm almost out of funds right i mean like oh come on come on like you know all right and and not financial advice but like come on guys and this is just experience from 2017 2018 right we experience all these like mega dumps right it's it's the same the same stuff happened right that's the exact same things happen right we are the exact same memes happened too right so if you guys roll back the clock a little bit yeah sure 2017 mega dump near chinese new year chinese new year dump guys chinese new year dump right you know bitcoin dropped like you know space off a month right from 27th 19th of december okay to 22nd of december it it dumped like from 19k all the way down to 12k right then waited for a while and then we got we got more dumps coming right and i dumped even more right it dumped even more there was a year where it just stabilized i mean i'm just waiting for that i'm just waiting for this period of stabilization right this this period of just nothing happening right like that's that's what i'm waiting for right like as as some guy who's dca is in and just goes in like this would be a good point this would be a good point this would be a good point this would be a good point oh heck you know drops even further well i'm not out of money this would be a good point right you know like it's it's it's not it's not the i'm not hurried and i guess this is the problem with the market right now too right like if everyone's thinking the same and no one is buying if everyone's just like waiting here to buy there's no urgency um then yeah that's what we're experiencing right so anyways that's my two cents right now i'm kind of waiting for a period of just calm like i'm i'm patiently waiting i'm patient um yeah that's that's my current play i feel like um the people who made a lot of money also are the ones who accumulated over time as well i think that's that's been like like my winning strategy i'm not gonna change it don't see any reason to change it and i mean if you hear some ridiculous stories too i mean come on guys like yeah it's it's it's crypto having having having a bear market is actually sad to say this sad to say this but it's actually good it's actually good that we have a bear market to to have the opportunity to buy to have things calm down a little bit to to deliver actual value right so so and then i guess i guess if you just play things out you can see this these parabolic rises right you can see these parabolic these are what we're looking for and these are the game changers right these are what's gonna change everything i think a lot of people you know they think they think that people make money on these leveraged positions and you're gonna hear a lot of stories too you're gonna hear a lot of stories where people make ridiculous amounts of money on leveraged positions and we have that as well it's like so right now like um it's kind of funny right now um i'm running a small team in the office um you know building a space i felt like okay if i'm taking time from youtube i will kind of want to go into a build state and kind of meet good developers meet good researchers build up a team so next wave i'll i'll also be even better but in the office you kind of hear people trading right there's a lot of young kids a lot of people who are in um you know the 20s just graduated either and there's some people who haven't even graduated yet there's people who are in the final year they're interns right but they're they just got exposed to crypto they've been in this the bull market they they made some ridiculous gains but you can also see them they made ridiculous losses too it's kind of funny like they can sometimes tell by their faces like no one wants to admit it they're like all these kids they're insecure right they're never gonna admit that they lost on a lever trade right like that that that would be stupid right that would be stupid everyone everyone only shares their victories right that's that's that's the rule so but you can tell on their faces and how they they kind of even move that they probably got wrecked hard you can probably say out this day this guy probably got wrecked hard and you can just like you can probably map that out so so i guess i'll just share that with you guys like oh man i mean do i feel happy i don't feel happy that these guys made losses but but you know we've all been through this right we all been through days when we will have leverage i mean my most famous leverage position i'll show those of you guys i'll show this my my most famous leverage position was a 3x leverage long on ethereum all right we'll give you a chat we'll give you a chat chat guess what price i got ethereum at like what what was my 3x leverage 3x leverage on if one of my first trades in the space i that was a time when i i couldn't even really pronounce ethereum as ephrem this ephrem thing right they're talking about this ephrem thing and all my programmer friends are like this ephrem thing's legit all right this ephrem thing's legit so so yeah guess guess what price i got into it at um i won't guess you a date but i took a 3x leverage this this was on kraken this was before the days of like all right that that's a little bit revealing this is before the days of ftx it was before the days of binance even but yeah we're getting closer we've got brian millis who's 50 as as as says a dollar chelass chelias is seven dollars um uh angelus is 20. all right all right we we got grant huge grant huge is gonna win the he's he's winning the jackpot he's gonna win the jackpot he he's just 15 so that's right so it's actually 14 dollars 14 dollars eph right that was my 3x leverage and and and let's take a guess if i won on that 3x leverage on uh on eph at 14 did i make money on that trade did i make money on that trade uh grass engine gives us seven to 14 i think i can remember smiley face but yeah uh token so yeah so so you guys are definitely getting there you guys are definitely there so so the the the time uh uh docks it so uh so grass grand gives us win plus plus plus um yeah it was a big loss dude it was i got destroyed on that um so it was 14 dollars i took that trade 3x leverage i thought oh no way eve is gonna fall fall down by like low right no way eve is gonna go to five dollars but all right am i allowed this on youtube i forgot but it got destroyed there was this flash crash that obliterated eve right it it just took eve down there was that famous flash crash you can search it you can search it up like ethereum flash crash like um i think it was 20 2017 yeah it was this one it was either this one or close to this one but this flash crash took took eve down to to basically nothing all right it it was stupid it was like the first time i actually learned about flash crashes like it took eve down to like zero dollars all right this is okay so all right there you go um so yeah um well that was um that was fun i think it was actually 2016 rather um yeah i was like it was it it was memorable for me it was memorable for me it was it just took eve down i got liquidated money gone have fun playing um yeah um you know i learned that the hard way i learned i learned you know um it's actually quite important to uh to have a hodl it's okay to have a trade account but it's important to have sub accounts all right that was a key that was a key i guess like initially like um i was so i was so devastated by that first massive trading blow up but i didn't trade for a while like i i think like 2017 2018 2019 i actually didn't take leverage positions for a while i was like wow this is just full scam right it's full scam this is um this is full scam and um um you know i i'd rather be careful and i guess it's also the insult as well as well like because of that flash crash it was like it was a point where if you lock back in i mean i think three days later two days later you'll see that eve prices are all the way back again right it was just stupid it was just like a very blip fast blip that liquidated my position and then things just went up after that so it was just that insult to injury where i feel like that took me away from trading for a while for trading leverage that being said i think again like 2020 and 2021 i secretly got back i secretly started trading like um uh trading again on futures uh that was when i learned sub accounts right like uh when i got into ftx i kind of just used that as a leverage uh trading platform for a while it actually worked out super well um to take a few trades and um yeah but that was when i really got into sub accounts i realized okay you gotta you gotta click these buttons for sub accounts so if a sub account blows up you're still fine right that that was the key position so anyways that's my that's my that's my that's my short btc or short short now um comment so um am i actively um um shorting nah i don't think so i'm i'm just looking for a time to buy that's the time to buy uh alan ssh is a 13 year long u.s stock super bowl help super bowl has ended how could you be so sure with the next crypto cycle i feel like there's a lot of negativity in in in the finance space right now but i don't know i i do feel like it is affecting crypto but that being said all right if you look at where money should be parked right now there's nowhere good to go so i'm thinking people are also over fearful right now um it's to a point where how would i say it like people just be negative negative nancies are everywhere right like yes it doesn't look good right now let's see let's look at the one hour chart right now for bitcoin let's just zoom in a little bit here yeah it looks terrible let's go 15 minutes so yeah so so we did we we we're not in so and not too good not too good not too good kind of rescale things huh oh benar marcar says what is quite amazing is everyone's trying to predict the market with the insanity going on globally i totally agree this world's going nuts right now but that's i guess almost a good thing i guess like people are gonna hate me i think i think after this stream people are gonna hate me because yeah we could definitely see that i definitely see the support holding though it's weekend i think people are probably gonna try to crash it like i definitely feel like this is a time for some major financial plays as well like since this weekend since there's no big buyers i think weekends are always becoming like a time to try to mess with the market like if you if you're going for the offensive and making some massive shorts like this this weekend is gonna be kind of crazy so i definitely see some fluctuations but i'm definitely see how how strong this is gonna be that's gonna be interesting all right so um we actually have a good question as well so what we're gonna do is we're gonna do some q a we're gonna see what chat wants to do but i do have some prepared news and updates just for us to go over chit chat about it whatever whatnot we have a good question from jp who says will defy trend return luna celsius three arrow blow up damage defy um and i already see uh uh crypto crab bands itself celsius with c5 um it's not defy it's not decentralized um that being said of course i think there will be public confusion um like i've gotten up to a point where i kind of feel like people will just broadly generalize now it's like web3 means everything defy means everything right like you go to you do go to general public you know i ask them hey it's it's celsius g5 of course celsius defy is making defy for the masses right look i i feel like defy will come back but it could be this it could be another year i was hoping it will come back a little bit sooner but there's just no innovation right like defy will come back when there's actual innovation to be made in that space i mean we had our exchanges right we had we had our uni swap right that that completely changed how cryptocurrencies are exchanged right that that that was the the uni swap and uh the later forks like pancake swap and stuff they completely changed the power dynamic even for trading all coins right that was how disruptive it was like back in the day people needed to like projects needed to find an exchange should be willing to pay like what would be okay binance 100k 200k and like at some peaks you know there are people who are trying to pay exchanges a million or two million dollars to list their coins on exchanges right because they knew that exchanges were the key people couldn't get their coins without exchanges so they're willing to pay for those exchanges but the moment uni swap came out right or not the moment actually it took a while but the the moment uni swap became popular all of a sudden people realized yeah we can go to a decentralized exchange and do this i mean anyone can list anything now right so now the exchanges had to step up right they you can tell how disruptive it was just by how exchanges react to these listings they were listing things very aggressively binance immediately responded with their binance incubation segment where they're just like listing up coins very very quickly in rapid succession they're like yeah let's let's not care about the income that we get from listing fees like let's let's start starting list these new assets because if not people are just going to trade elsewhere right there was sweating they were sweating so that was a disruption then came to lending platforms and that that was good that that kind of function very well like compound and all its that kind of derivatives after that but then after those two kind of major disruptors then you have like the farms right the wifey uh right now i'm like looking at spool like i'm using the spool farms but after that like these aggregators after these aggregators we kind of ran out of ideas like defi came became like let's experiment with printing money let's experiment with like these algorithmic stable coins because that's like the quickest way to get money but they didn't really provide an industry disruptor right like that was a problem with defi and if you looked at future defi projects they're just like oh yeah this is like the same old defi thing but with you know more legitimacy or with more regulations more regulation compatible right it wasn't as disruptive many man says what what means decent defi defi defi is um decentralized finance so that's like the major application that um that was kind of brought forth in the last two years in crypto like the ability for us to run an exchange in a decentralized fashion where people can just like trade without anyone having custody of their coins or having a lending platform right um like compound being a good example of that compound and these these systems are very important in financial markets like in fact i mean because i'm in hong kong i talked to a lot of these traditional finance guys and you know a lot of these banks they operate lending platforms where people can like say say say traditionally speaking what people uh would have done is like a bank would have said oh look i can take in your money i can lend it out to people all right so um they give you a 2.6 percent rate and then they'll give they'll lend it out a 4 rate and then they'll make the the difference right that's what compounds really doing right so compounds that lending platform and uh you get different uh saving rates and uh these are super important features in traditional finance and being able to do it in a decentralized fashion that that was that was important that was disruptive right but um yeah but but i feel like defi kind of ran out of steam it it's in a point where you know does defi need more money does compound need any more money nah it's like it'll take a while for that to happen but it uh yeah it kind of reached the limit of where it could go so so that was my two cents so i feel like i feel like we just need to wait for another kind of big big industry disruptor almost so to answer that question um elia bowl says can regulation prevent the next bowl though i think i think like it's going going back to one main point like if you're talking about bull markets and the cryptocurrency space i feel like the discussion probably isn't around regulation as much to be honest i feel it's more it's more to do with how messed up the world is going to be in one or two years uh and this is in many ways why i have my bitcoin hoddle back right like this is in many ways why you know i'm not i'm not selling all my crypto or shorting my positions i feel like bitcoin has its time to shine and i think this is very well described like i feel like um uh in this reddit post let me see if i can find it uh bitcoins get ready for a ship storm i mean this oh my god there's so much noise here but it was a good post talking about this is the like the train of thought is that this is the first time we're going go we're going through a recession cycle and in many ways like this is a big this is the first big test for bitcoin right i can't find the article but anyways this it's not important but this is the first test like that's a general line of thought right this is the first big test for bitcoin right can bitcoin hold value will it be like gold and i actually believe it is i i believe that with the world politics going the way it is i mean i can't i i i don't even want to question i don't even talk about how messed up world politics is at this point but with the way the world politics is going i mean you have china versus us right and china still stuck in this weird covet bubble it's so weird it's like like this world's so unstable and it's so bizarre right now then we have the war on uh in ukraine that's just devastating like i still have friends there um and they're going for like the worst times of their lives right now this world is becoming extremely unstable and having a form of currency that's not u.s dominated that can't be just magically printed that can be transferred anywhere in the world i actually see some immense value in that so yeah i i i believe that it's not going to be regulation that's going to change things as much or cause the next bull run but really it's this realization realization that there's nothing else good in this world like everything is really other crap compared to bitcoin i think that's the realization that i think a lot of people in like if you if you talk to maxis they realized this a long time ago right that that's the hypothesis they're testing they and that's the belief that they're in but i think for the majority of the other people they kind of viewed crypto as as this like fruit fruit tech product right let's let's let's let's draw some correlation between that silicon valley went in so you know that confirmed there's a tech product let's let's through that so that was a narrative for a while and it's still the dominant narrative now which is why we have that insane correlation with the stock market but once people start realizing and if things do actually go bad i think that's where that's where that's where i feel like the bull is going to come so we're still waiting for that capitulation we're still waiting for those weak hands to come out and it could it could be the case that we dive a little bit nose dive a little bit further that's possible right like it could be possible that we we might even dive all the way down here right it could be it could be that we we we hit this point for a while right it could be 10k it could all right but it could take 10 years not 10 years it could take a year to get there it could be a case we dive down stabilize for a while maybe have a have a little bump here you know just to make things a little bit more exciting and then maybe hit this line all right but yeah i mean that's what we're waiting for right we're waiting for that that that change everyone wants is box money is about to cry i wish i wish i wish i can feel again maybe everyone's saying you look like crap do i look like crap let me take a look a little bit it's late here dude it's like 11. bad lighting too you know but nah nowhere near feeling stuff everyone says you drinking buddy it's the magic water guys magic water so ab says these things think 10k soon james robbins says the world is a messed up place right now it's it is it it that messed up part is what i feel is sad like i do actually feel for that that's that is actually quite strong so ryan kenley says stay strong buddies so yeah i feel like that's that's what i'm waiting for i mean been this space for long enough to decide what i want in this space uh what matters is that's what i'm doing so if uh let me load the ethereum chart too i'm just a little spectate i want to see if we're we're dropping below a thousand that's kind of crazy one thousand bucks yep so yeah so we're like a little bit below one thousand psychologically i think people are going to be scared oh my god eath eath is at 992 but yet again i think we've seen this before i think i think if you actually talk about stories like last story for me last story last story last story before before um before we go into the news segment last story here so i still remember there was a very good friend that asked me like what's going to happen to eth because like there was a point when there was a mass eth capitulation so let me just zoom out in all time it was roughly um right oops eth sorry i'm not very good at computers today so it was at this point right like where eath really took a huge nosedive right it went up to like 1400 here and then all it just dumped all the way down and i kept dumping right there was a point where eath kept dumping past 400 and past 200 there was a point where just a very good buddy of mine was like what do you see in eve you know like what can push up eve and i was like real value delivery that was what it needed and at that time i was being very careful i was like saying like it might take five years for that to happen for eve to show real value and and it actually turned out to be a lot sooner than that like the whole decentralized finance thing just popped but like popped popped out and all of a sudden people realized oh my god we need a decentralized smart contract platform right now that was all the talk right and just look at how insane that run-up was for eve just going all the way to 4 800 that was insane right so i guess i'll say to say the same thing here i don't think the potential of eve has been realized i mean eve during this whole stage people started realizing it was important but at the same time eve was just completely bogged down by network congestion issues they it never really had a time to shine this cycle to be honest like people saw the power and then immediately they saw being just clogged up right and and there's still so much to come like ethereum 2.0 is coming you know vitalik's gonna one day i think i can see that in like a year or so if italics can come out he's like the real eve killer is eve right we're gonna see that again like the real ethereum killer is ethereum all right like mark my words uh but yeah so so i i see we're at that point yeah it's just the same time for those stories so so i guess that is what it is you know like yeah sure eve dropped a lot but i don't think it's over i think you know the party is just beginning there's still a lot of fear as well on um what's gonna happen when ethereum 2 merges when that merge happens um right now i was checking st eve as well because there's a a lot of drama on there and you know it's a little bit lower but it's not that bad all right also guys thank you guys so much for comments um the king member for 17 months thank you thank you for being part of team cryptos is excited for ethereum 2.0 to launch in 2050 i'm a little bit more hopeful i'm a bit more hopeful um the general rule i've always said is what programmers say and multiply that by two or three depending on how pessimistic you are so if they say later half this year for ethereum merge very likely early next year right and then for ethereum stake funds to be unlocked because uh the the way ethereum is going to do is they're going to first merge ethereum into ethereum uh two and then what's going to happen is that they're going to unlock the staked funds that were in ethereum 2 so there's it's going to be in two phases so i expect the lock ethereum to be locked up there for another one maybe one and a half years for a while so um am i excited hell yeah hell yeah when do i think it's going to happen like early 2023 um mike's role says will coupon remain liquid likely i don't see a big problem and then scarlet snake wall says btc to 99999999999 i actually see that happening like as crazy as it sounds as stupid as it sounds even at this time i should say it happen i think i think this run like if if i was to do a recap of this bull run i think it actually was it came faster and stronger beyond my expectations like if if if i was to give an honest feedback of you know it's honest recap if i was to do like a like a post-mortem on this bull run i would say yeah it actually did came up like it did it was actually more aggressive than a lot of people would have anticipated i mean there were points in time when you know this rally here would have been you know enough for me but it it was fast and you know everyone knows what bitcoin is now right well everyone's heard of what bitcoin is everyone's heard what ethereum is but most people don't really understand it beyond funny pictures on the internet or funny coins so i still feel like there's still that knowledge gap to close but we're we're much further along than there is and you watch news and there's like a crypto segment now which is like wow pretty amazing there's actually silicon valley investments into cryptocurrency space right now like uh you look at sequoia bain capital they're deploying multi-million dollar funds targeting specifically crypto so it's it's a different state so is moody now is it is it solana not yet not yet not yet it depends um aop says how is your eth2 validator doing i actually haven't checked up on it recently so so if you guys know i i've actually set up two ethereum 2.0 nodes um let me actually let me actually go and check that up that's actually a really good question because like i'm one of those guys who who cares about this stuff right like oh god but um i actually did a full stake for ethereum 2.0 i did a full um like a full ethereum node that um i staked into last year but i don't know why i can't sign in to my node so i need to find out where my node is it's still a point where like i might farm and forget i can't touch it for two years right what's the point i just need to make sure the server is alive right like i don't even look at it right like oh that's my life right now that is my life why can't i sign in this is so weird just give me a sec guys let me let me i'm actually curious too now that you're and james mcd is like ethereum 2.0 is pronounced eef 2.0 that was the best meme that was definitely the best meme of this month like this one you said eef 2.0 i said eef 2.0 eef 2.0 but yeah oh man i love the internet all right let me go back to find out where my node is right now um i need to actually find out the right one i prove i'm human i'm just logging into the account get the bicycle stuff done sign in so i'll give you guys a quick update so the balance of the account so you gotta you gotta top up your node right so it's like five dollars per month um let me let me let me not dox myself all right let me try not to dox myself but i think i'm still gonna dox it all right let's go let's go i think this was one the one that was public anyway so let me paste and go beacon chain here is this so yeah this is what this is what this is what it's at all right so um initially it was 32 eef that was staked so it's already at 35.45 um and the big the reason is because i got in this a little bit earlier than everyone else when when i got into this it was 16 apy so i was actually earning quite a bit um and then it was just it just kept validating right you just get you know every epic you get a little bit of eef so per month you get 0.13 eef so if you multiply that by a thousand you get a hundred and twenty a hundred and thirty two dollars per month it's not too bad that's not too bad it's not too bad it's still alive it's it's a it's more than five dollars i paid for that node but i i do expect myself to to wait so you can see that um it's been active since december 10th of 2020 that was when i stake the eef inside and then yeah so it's been running now it's uh it's accumulated basically three 3.45 eef but i don't expect it to be unlocked for a while so so that's that's my income i that's not bad it's not bad i'm happy i mean i wouldn't have touched this eef anyways like it is um this is my hodl eef i'm putting in there so i wouldn't have made anything on on it anyways if it wasn't for the staking so it's actually not bad it's actually not bad um so i just uh like looking at um the the the chat right now we've got no low b says age 85 waiting for the bottom and then retire man if i'm 85 though if i'm 85 i will spend my money now all right like if if i was 85 i would spend as much money as i can to get the most out of life right before i have like back problems or something like that like or or before like i can't travel anymore um yeah bo says will you drop this when if this if when available i actually won't um it is a hollow bag i actually don't intend to it's just i'm just gonna leave it there i don't i don't see any reason to touch it right like i mean it's one of those sentimental things right now right like it's been it's been available it's been active since 2020 right i mean why why why would i take it out i mean maybe i take some like i'll take some profits maybe but i'm not gonna take it out i mean that's that's unnecessary unnecessary at best so yeah i don't i don't see any point in that so all right guys chat chat chat chat chat whilst we are here whilst we are here make sure you smash up that like button apparently it does matter a little bit i hate begging but apparently those are those are youtube youtube things you gotta do right youtube best practices get people to to press the like button so please please please please please do that so that'll be cool uh highly appreciate that uh what we're gonna do now is we're gonna just just take up on the news just chill um yeah take uh see what see what i'll do on the news and uh see what's up all right so that's that's what we're gonna do but guys um just thanks as well we got why not says thoughts thoughts on elron i still hold elron like why not right like it's fast and they react to things quickly and there was a bunch of fud recently so i don't see any reason to dump it because like they handle the fud and right now it's quite low because um their their exchange broke down for a few hours right they suspended exchange for a while and i was like ah drama enough of that i'm just gonna hodl um jp says europe opinions on nfts and how you played entities this cycle so i will have a guilty confession i will have a guilty confession for this which is i did not play entities all right i tried i tried many times to like nfts but it's like it's a stupid jpeg like i have no emotional attachment like i'm not that sort of guy to play entities like i understand it and i understand there's a lot of friends that like a lot of my friends actually made a lot of money on nfts right like i had this long debate um i had this long debate with kelvin uh he was a guy who bought a lot of pumps early uh it's kelvin true of impossible finance i'm like i'm like this guy's an idiot right this guy's an idiot i was like this guy's an idiot at that time i was like this guy's an idiot this guy doesn't know what he's talking about his young kids they're playing jpegs why would he play jpegs crypto punks they're not gonna be anything it's stupid right but you know i eat my words i was like okay that the nft thing just rallied up like crazy i i was like you know what i'm not gonna be stubborn i'm gonna swallow up all my pride i'm not gonna be insecure i'm like sifu sifu sifu all right i lose i lose i lose you win you win you yeah you got the punks now you got the punks you got a punks good job good job good job on punks and i tried liking nfts for a while i mean um i i tried to get a few things but i just didn't have the feel for it like i i didn't have that insane passion like it didn't feel like these things were changing the world i felt like and um you know talking about snake wong here who donated like smash the like button you know snake's a great artist and the shit that he draws is like infinitely better than anything else out there right like i i've hung i've some really good artist friends i respect you like good job snake but i'm like this is like this is like crap that snake can shit out in like 40 minutes right so i was like why should i buy this for like 10 000 100 000 right it makes no sense to me so so i guess i guess that was that's my rant um obviously i could have made money obviously i could have lost money too but i wasn't really big on to that trend oh it was something that nft came at a time where i wasn't super interested in doing it and i was burning out so i didn't trade it that much so that's my that that was sad it was it was sad um but there's still activity on it and i still feel like the people who are playing nfts the the blue chips are still there um and that being said of course i did actually invest in the nft fund as well so i actually invested eath into an nft fund so they trade it for me rather than i trade it for them so that's my two cents on that so let me just do something else i just give me a second i see i see there's um gaming nfts entities is like buying a bag of air but but people like buying air right like like i like as much as i want to fund nfts i i i do have to say that you know like like it did well it did well give me one second here let me let me fix something outside weird my ipad outside started playing music so weird uh rock for 10 mil but i mean yeah i think i think crypt i think nfts are going back like their open sea is still the like the big biggest place now i feel like yeah finishing my thoughts on nfts i think nfts are also consolidating very much like um very much like cryptos right now like a lot of the alts they're you know losing strength and an entity is a lot of the the crazy ones are losing strength but that being said goblin town was crazy right like that goblin town was like what uh open open sea goblin town was just a free nft that people get like i i can see 100 why some people want to play it i mean if if you're into crypto space and you get an nft for free and you get to sell it you know free money all right what's wrong free money goblin town dot wtf let's see let's see how much they're selling for right now hey still too if right still 2k for one of these ugly things right hey that's not bad like why not right not why not guys why not floor price is good let me see the activity that means dropped a bit sure drop from seven to two eth but i'm sure that people like there's a lot of people probably just got it for free there was like a free giveaway right i just gave it away huh it's not dead that's no scenes go it was never over i mean that is what it is um yeah lion way says are you moved back to your parents nah nah nah my pollinators is ugly i still see like i see in this market like the degenerate stupid shit that's gonna be like that's what happens in the bear market right in the bear market the legit stuff dies very quickly and then like it's either the stupid stuff or the like the ultra legit like bitcoin ethereum stuff it's like there's no in between i i i can definitely see this happen this wave so anyways let's go back to let's go back to do stuff yeah but yeah that's my take on it like all right let's go perspective from 2017 this guy's dcaing again and he's arguing that yeah like the cycle there's a cycle here and crypto has never been through a full recession cycle so you know that's interesting i do agree there that's one reason why i have my hoddle bags we also have some news that magic internet money is the latest stable coin to blow up the peg has dropped to as low as 92 cents the treasury is insolvent market cap of 200 mil so this is following the ust blow up mim mim seems to be getting a lot of flack right now but you know experiments work experiments fail but that being said they're defending so i guess if you guys are in mim all right i if if you guys are in men like okay nfa but if okay if i was in mim i would de-risk right now right there's no reason to hold a stable coin if it could potentially lose value so this is actually a great time to de-risk so this is the the de-risk opportunity right so yeah take it leave it but um yeah psa if you guys are in mim you know fud's coming um let's see what else is there i i have hope for you guys this cz tweet is interesting we got crypto chimps says fuck this i'm out i listened to 3ac i'm very sober on twitter and being lying dips from the top i have no collateral left and get liquidated today i'm done with crypto for good i've never deposited another 1 000 is punzi again fuck this scam man that that amount of anger man but you know it's crypto right right uh i think it's posted from somewhere i think it's not it's it's it's it's posted from somewhere else um uh it's the common common posted thread you know like insert whatever drama's happening but you know it's crypto right let me follow this guy very likely gonna be funny but it is crypto right it's crypto is crypto uh we also got um coming up here terraform labs and co-founder dokuan sued in u.s court over collapse of stablecoin terra usd court filing man that was that was crazy right i mean this is not unexpected we'll definitely see some um some court filing soon man i i feel like this is a situation where like terra luna was the prime example of something that seemed to have good traditional finance back or well good reputable not traditional finance but crypto finance backing and they blew up and it just goes to show like um you know this will be a prime argument for the crypto funds not knowing what the hell they're doing either right like the number of koreans that were pro-tero it's like it's to a point where everyone in korea like worshiped dokuan and they believed that this will work but this is an experiment some experiments work some experiments fail and it failed did i lose out in terra terra luna and with the s ust yes i did um i was holding i was farming ust i was trying to get the 20 yield um um i managed to get some of it out at 98 cents i got some out at 80 cents i got some out at 60 cents before completely collapsed but i think the overall was a loss like like overall was lost but it wasn't catastrophic for me because oh yeah and and also the farming as a service i got also took like a six seven percent loss on it so yeah it was a loss six to seven percent but you probably got like five percent yields like that's how i justify it got maybe five percent yield and i lost six to seven percent yeah lose two percent you win something lose some i'm definitely not like after that lesson i'm definitely not as aggressive farming that being said i'm still farming it's kind of weird a lot of people like a lot of people hear the worst of all things they're like oh box mining he lost all his money farming like no i lost like two three percent and if you count all the stuff that i made from farming like if i like i was in curve i was in wifey i was in like all the crazy stuff right like you live by the sword you die by the sword right like stop freaking out dummies and yeah am i farming as aggressively now not as much as before a lot of my funds are you know held on exchanges or either being withdrawn out but there's still some in farming um i'm still in spoolify uh i think they still have not spool spoolify i mean that one um i think they still have an incentivized deposit for maybe less than five days so it's it's not it's not really worth it going in to be honest at this point point but they had like 12 for a while and i think they're i think they're incentivized rewards they still have let me see how many days days remaining 10 days remaining on that so yeah it's not really worth it but i think that i i've been farming that for like 40 something days now 30 something days so well you know free money is free money it's good to spend free money it's great um you know getting 12 percent it was a little bit higher it's like 30 so why not you know i'm still in wing finance i think that's probably gonna surprise everyone um the one that um had the bridge being hacked and then they restored it i'm still in that one i just felt like after the hack happened there was just no point moving it out i mean they're giving what um let's see yeah usdc they're giving like huh eight nine percent yields usd susd they're giving 10 yeah why not why not uh real degen some of you are real degen still farming my still farming crypto still farming in my yard i feel like i feel like that's the way it is i mean i guess what the way i live right now is um so so i live in a service apartment right now so like um just living out um being um you know just just um trying to not clutter my life and i kind of tend to spend what i make on my yield so like that's my monthly spending like i'll be like oh yeah this month i made this much yield and this can pay for this much stuff so that's roughly my budget so i'm not really spending any of my crypto or the money i made in crypto but like so long as it's like within what i get on my yield i think that's fine um so that's my two cents um why not is this block folio safe the thing about safe in crypto is nothing safe unless it's in your actual treasure or a lesser ledger like it's safe enough but like you know the real safety is in your treasure right so you know i'm still i'm still i'm still like i'm still i still believe that so so so there you go um that's my thoughts on everything so let's go finish for the news we got um yeah three three firms are down are down bad this week and things may get worse so my god guys babble topples celsius network goes cold the three arrows capital has a target painted on it look there's still also there's a lot of fear on the market because like we don't really know how bad the situation is at celsius because it's it's a black box and then three arrows too it's a fund and you know three arrows they confirmed they suffered heavy losses but you know we don't really um know for certain how terabat it is um it's that's that's the uncertainty that's lying on the market so i mean but it does seem to be like the mainstream media is going to report on it it's going to probably shit on it everyone's going to be afraid you know that is what it is you know people going to sue each other now it is it's crypto uh but funny thing is that all right this is interesting funny thing is that immutable launches launches a 500 million development fund for web3 game adoption so hey man money's still coming in it's not absolute doom and gloom uh we also have tether they're claiming that there's a coordinated conspiracy trying to take it down like when is there not a conspiracy to take tether down like when is there not a coordinated conspiracy to take it down like that i i i honestly want to ask the guys at tether like you know how much fun do you have to deal with in a daily basis i'm not supporting tether honestly guys i'm not i'm not a pro tether i i frankly don't care at this point because like i'm not going to hold it for long i think like it's pretty much established right now that usdc is the most like legit one of the bunch like they're all terrible but off like all the non-terrible ones like usdc or or pax they're considered to be much better regulated so like i've already started like i pretty much moved my funds away from usdt at this point so i really kind of stopped caring i guess i care because it will affect the market but i don't care it i don't care for because it personally doesn't affect me anymore but like you know i i'm kind of neutral on this point but i feel like there's always going to be tether fud um but i don't think it's going to fall um my two cents my two cents brian miller's billions of dollars pouring into gaming this could be interesting i have a lot to say on that but i'm not gonna i'm not gonna fill this with with with gaming talk for now we also have the sec state regulators probe crypto lenders celsius over accounts freeze i mean this is also expected so the us sec securities regulators in alabama kentucky do jury texas washington are investigating the decision by crypto lender celsius network to freeze funds reuters say but just remember guys i i know i know celsius is a touchy subject here i mean i i got a lot of feedback after my last video but like i i know i know celsius is a touchy subject but it is a black box it is it is centralized finance and centralized af i i even got people messaging me like do your best to defend celsius it's the best thing it's going to bring defi users like it's going to be people into d5 i'm like no it's a centralized service man it's not even a bank guys relax calm down like i'm not going to support it i'm not going to fund it right it is what it is it's a centralized service where you can send cryptocurrencies to and they froze withdrawals likely they're not going to be going broke they're not going to be insolvent i i don't think this is a mount gox situation like um i did the calculations here right we did the math on this channel right it was like 240 million of potential losses that celsius um has because they invested in d5 products or they had exposure to d5 products that blew up like badger dow hack or something like that right like badger dow they have a little bit of ust um but the total loss is like 240 million it's not gonna be you know they're they're holding almost 12 billion dollars assets under management at some point so yeah i don't really see them completely blowing up and you know it's good to have them invest i think there's there's need for regulation in that space if it's a black box right i mean just just there's no situation in hell should a black box not be regulated it's centralized finance it needs someone a regulatory body to make sure they're not like scamming people right like absolutely um but i kind of see all these things as like uh as a stepping stone towards decentralized finance so you know it is what it is um you know not gonna be for it not gonna be against it i'm just seeing what it is um lineway says lol mount gox victims still haven't got their money back after 10 years hey hey that's me that's me that's me hey mount gox victim you want you want to you want to you want to you want to see a mount gox victim that's me that's the first big exchange blown up how to say i've been there proud to say i've been there it was my lesson not to leave cryptocurrencies on exchanges like you know from that point onwards like like i knew how i was like let me buy ledger i asked those stupid nerds on the internet you know they're asking you to buy this weird usb device all right actually to be fair at the mount gox time there wasn't there weren't ledgers back at that time right like to be to be fair for me but you know it's uh bernard mccaris is sec finra federal reserve blah blah blah people have lost most confidence in these institutions of course of course of course that's what crypto is for but crypto is not there yet crypto is not there yet jp says celsius liquidation is now at 13 000. i actually don't think celsius will actually get liquidated i mean they froze there they're actually not stupid right i actually think they're not stupid they they froze withdrawals they still have liquidity on hand and if cryptocurrency prices fall they're still going to double they can still double down on their position right it's they're not stupid so there you go um crypto crab man says paper wall at times that's the most hardcore uh jj markles is is crypto dead far from it guys far from it we've been you know um it's kind of interesting like we collected some feedback from chat earlier on so if you guys are just hopping into this chat now i see like we have 300 something odd people right now so thanks for watching guys but if you guys are hopping in now like we we collected information like a lot of people in this chat we're we've been holding for a long time and like this stuff happens all the time you know bitcoin's being this roller coaster right and and to be frank we definitely are losing emotions at this point so it is what it is oh i was gonna listen to music let me go let me go let's go listen to some upbeat music so guys you guys have requests as well whichever music you want to play but um i was gonna play some music um at least for myself but if it works of course which is not so open soundbar open volume settings huh yeah sounds not working weird all right whatever it's not meant to be we'll make we'll get some music next um video we'll get some more live streams i think i'll make this a thing like if this if you guys like this i'll make this a thing um and we'll do live streams again but i just haven't done them for a while so i thought all right now let's let's just do this so lastly let's go this this meme was great favorite meme of the week this did the other meme was great right this this the the ball the nut the nut punching one is great right like this is like the old 27 uh nut punching nut kicking video that was great right um um this one bitcoin 800 oh i just remembered this meme from 2017 it's time to bring this back out again all right and the other great meme from 2017 was this one this one uh this one this one this one's great this one's great placing your buy orders below support and then and then and then inject fud into the market this let's get us people noobs panic sell news panic selling perfect ah i mean this this is pretty much crypto in a nutshell right i uh sad sad sad sad um we got running races weekly live stream please i i would love to do it i'd love to do it let's find a good time for this to do too i'll probably experiment i'm actually in a very big experimentation mode for youtube and crypto so um experimenting a lot i i do hope that this type of content is good um i'm trying to be a little bit more laid back as well i felt like i guess before i was just like i was trying too hard like now i guess like i'm in a state where i just don't i don't want to i don't need to please anyone anymore and after seeing a bunch of insecure people i realized yeah insecurity man that's that's like a biggest like a big freaking pain so yeah so i want to be more laid back i want to just show up with you guys um um um i am faboonki says um 2018 was a crazy time too it really was it really was it really was a crazy time and you know yeah it was a fun time but you know this um let's go back to my favorite bitcoin bitcoin rainbow chart like it i do see it's kind of sad that we didn't see bitcoin pass 100k but i can i can i can see that happen again so so this is the rainbow chart um wow um i actually didn't realize that we were in basically a fire sale stage already so uh basically it's a log rhythmic chart and we see that after the happenings bitcoin moves up in value and it kind of stays within this kind of band so they kind of put colors on it so you can see the this is starting data starting from 2012 um this is the big first bull run you know bitcoin got up to a thousand impressive and then the second one 2017 it got up to like 17k and actually 19k so 19k 20k here so it reached it touched the peak this run i was hoping that bitcoin would touch the peak which would send bitcoin into the 17k 170k range but it actually didn't go there kind of it kind of loitered around so it could it could it actually does show that this um i mean we might have to redraw redraw the rainbow in that case but yeah we're actually diving all the way back down to it's basically a fire sale so yeah we're at 19k right now interesting interesting interesting i actually didn't realize we're too slow actually like before loading this chart to be honest i thought we would be up in the green zone cool dude uh 1995 says will these models become obsolete if they don't stick to the bandings yes yes absolutely but i i do see that it's still like it's still interesting i wouldn't stop looking at these models like they're not like it gives you it gives you some it gives you a way to zoom out i would say like look it allows you to look at the big picture and just say oh yeah okay that's what it is i mean it's because like a lot of times we look at this chart right it's like this is the chart i almost always look at seven days right and then you forget to look at these bigger charts and look at the big picture sometimes you just have to look in there for a while and make the right decisions there so anyways i feel like that's kind of where um where i want to end this stream i guess charlouis's 2006 is sure buddy don't get stuck into fear it's kind of weird i guess i i what i think my emotions are and what people think my emotions are very different i feel like some people were commenting earlier that i'm almost gonna cry at some point that i feel like i guess i have resting sad face maybe like i have no feelings whatsoever dude like i've seen too many of these markets you know i've seen way too many of these markets to have emotions but maybe it's the lighting or like it's dark or something like that that makes me feel like i have weird emotions like it's kind of weird like on my other video with with with logan paul people are like oh you're smiling too much are you are you are you happy he's losing money you know and i guess here people are feeling oh i'm too sad i'm not sad dude i'm like it's not that i'm fine i just i just actually feel indifferent um but yeah um that's kind of the deal uh running race is real question how do you go about doing crypto research i actually do a lot more so so um something that's quite interesting if you guys are interested that gives you a big update is the daily bear um that was actually quite good like if you guys want to do that the daily bear is by darren lao um it used to be the daily ape but it's not the daily bears if you guys want to do research on that that's a good channel for to keep your keep yourselves up to date um yeah there's quite a few good channels uh lying around but there we go brandon daniel says i'm going to keep this short michael grew you know i'm going to keep this short i should really enjoy this stream i should actually really enjoy hanging out of you guys and um um it was actually a really enjoyable live stream so i i will keep it short there i do enjoy you guys um happening so i'll leave it at that the the daily bear also i'm going to put my own one as well i have the the box mining public the box fam box fam is where we can go and come and chat so box fam um go for that i'm gonna put that into the chat as well guys so if you guys are interested come join us come join us on the box mining family and yeah i think that's it that's it make sure you like and subscribe i'm publishing a lot more videos recently so i hope you guys do tune into that um quick show as well i guess quick show quick show there's a channel called box money shorts so so this is a channel where i'm like i'm trying to create um experimental a b tests all right i'll be very honest there like there's a sec there's a portion portion of me that wants to understand what people like and what people don't like and this is my a b test channel it's also shorter like i'm testing shorter form videos they're like five minute videos three minute videos click baity thumbnails like look at this one this is the jake paul i'm broke because of crypto video um um it got a lot of views man it's like it it drastically outperformed you know crypto contagion finblox is in trouble like the one that had like good crypto research that one got like 300 views and this one got 5k's because it's got jake paul right this is just telling me people love jake paul but you know it is what it is right like i'm using this channel like um it's a much smaller subscriber base like 6 000 people subscriber base so it's very easy for me to just do a b test without risking that on the main channel like i was testing like two minute videos and stuff so if you guys want any kind of interesting content or any suggestions for them um or or just like be part of the experiment all right i'll be i'll be brutal about that like be part of the experiment you guys are being my guinea pigs if you guys do want to be my guinea pigs go check out the box money shorts channel like like crypto crab man says gen z loves shorts man i i like i do understand it i do understand it it is like you know like i used to not understand why shorts are so popular but like it is it's something that you can do for a quick period of time right like if you're bored of playing video games on your phone and most video games on your phone suck right then don't just yeah just browse like videos that's great so yeah like i understand that now it is hard for me to produce shorts it's harder for me to produce short form content too because it's like it's a different style i'm like i'm used to these live live streams i'm used to long form content it's like like i'm like a the best analogy for this is like i'll be like some guy who writes novels long novels right like like 600 page long novels and all of a sudden you want to write us like a short page one page short story it's gonna be hard it's gonna be adjusting to that but i am gonna be producing some content on box money shorts and you know we experiment it's gonna get it's just it's got different data too it's got different experimentation it's got music it's got different editing styles so uh yeah be part of the experiment come join it i don't expect too many views on this but it's given me a huge amount of data to work with which is just amazing just amazing like like jake paul i didn't really i i did not expect jay paul to get this many views like i thought these these views on these two videos would be equal but no man this is like it's more than 10x it's like 15x the number of views in the same amount of time it's crazy it's crazy but anyways and this one just sucked because i tried youtube premiere the premiere feature but anyways anyways anyways long story short i'll talk about these day to day later but it's it's been very interesting for me so anyways thank you guys for watching this video thank you for staying me for such with me for such a long time with my long stories i hope they were entertaining for you i hope you can stay for the next one next week i will tell you guys maybe a little bit more in advance but with that being said i'll i'll probably get into that mood of doing live streams once once at least once per week to keep you guys up to date so with that guys thank you guys so much for for being on here click that like button click the subscribe button come on to box money shorts be my guinea pig see