Bitcoin and ETHEREUM EXPLODING. OVER $33000 BTC and $780 ETH

Boxmining

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Description

Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analy...

Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analysis to give you full coverage of the crypto space. Find out the latest developments in DeFi and yield farming. https://podcasts.apple.com/podcast/boxcast/id1490037766?l=en Spotify: https://open.spotify.com/show/5iHcN9jfQwpKTbT37tS0zQ ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 🍖Buy & Sell Crypto: https://join.swissborg.com/r/michaeOQZM 🔎Crypto Prices: https://www.coingecko.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Binance Exchange : http://boxmining.co/binance ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining Official Website: https://www.boxmining.com/ Discord: https://discord.gg/T3TrTRa Telegram Discussion Group: Currently private Telegram Announcements: https://t.me/boxminingChannel Facebook Community: https://www.facebook.com/groups/CryptoSpartans/ ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.

AI Analysis

The crypto market is on fire, with Bitcoin comfortably sitting above $32,000 and Ethereum pushing towards $800, hitting new all-time highs and creating an absolutely wild, exhilarating atmosphere. This isn't just about price points; it's a deep dive into the practicalities and challenges of navigating this unprecedented bull run, from managing insane transaction fees to rethinking DeFi strategies and exploring the bewildering world of algorithmic stablecoins, all while keeping a watchful eye on potential FUD and regulatory changes.

Here's a breakdown of what's happening:

* Market Excitement and Price Action: Bitcoin is currently holding strong at over $32,100, having briefly smashed through $33,000. It's been an incredible ride, especially for those used to Bitcoin in the thousands. Ethereum is also showing immense strength, having blown past its $750 resistance and looking very likely to touch $800 soon. The past few hours have seen absolutely insane trading activity and surging volumes across the market, particularly after Bitcoin decisively broke the $30,000 psychological barrier. This post-New Year's rally has been a continuous "rocket ship" upwards, with constant notifications of new thousand-dollar milestones being broken.

* Market Dynamics and Surging Retail Interest: A big reason for the current market surge is a clear increase in retail interest, which is seen as a "holiday effect." People talk about crypto during the holidays, and now, friends who haven't messaged in years are suddenly asking how to buy Bitcoin. This influx of new blood, driven by mainstream buzz and personal conversations, is fueling the rally. It's tough to do traditional technical analysis (TA) at these levels because we're in uncharted territory; there's no historical data for resistance above $20,000, let alone $30,000. Despite the excitement, it's important to realize that the recent run-up has been unusually smooth, and highly volatile times are definitely on the horizon.

* Dealing with Sky-High Transaction Fees (Gas): Ethereum transaction fees are brutal right now, with a standard transaction costing around $15 USD and Uniswap trades often hitting $20-$30. Even Bitcoin transactions are pricey, hovering around $5. To help manage these costs, TxStreet is a great tool, offering a visual representation of current transaction activity and gas prices. This allows you to see if cheaper gas fees are getting through the network. If your transaction isn't urgent, you can try waiting for a slight dip in gas prices, but sometimes you just have to "bite the bullet" and pay. These exorbitant fees underscore the critical need for Ethereum 2.0 and other layer-two scaling solutions like optimistic rollups and ZK-rollups, which are actively being researched and developed to solve this congestion.

* DeFi and Smart Yield Farming Strategies: With many coins "popping" and experiencing rapid price increases, a personal strategy is to pull funds out of liquidity pools and "farms." The reason for this is to avoid "impermanent loss," which happens when one asset in a liquidity pool dramatically outpaces the other, reducing your potential profit compared to just holding the asset directly. Being "very defensive" is key right now, and the small APY (20-30%) from farming simply isn't worth the risk of significant impermanent loss when asset prices are surging.

Navigating Algorithmic Stablecoins (Algo Coins): This is a wild, mind-blowing, and incredibly volatile area that has been deeply explored recently. Mithril Cash, a fork of Basis Cash, is a prime example. It recently launched its farm and attracted over $400 million in Total Value Locked (TVL) in just three days, offering "free coins." However, there's a crucial warning: the goal of algo stablecoins like Mithril Cash is to push their price down to $1. If you farm tokens when their price is high (e.g., $136), you must* "offload" them before they crash to $1, as the system is designed to print more tokens to achieve that peg. It's like a "Fed printer on steroids." For those holding "share" tokens (like Mithril Shares), it's vital to stake them in the "boardroom" before the "seigniorage day" (e.g., January 5th for Mithril Cash), as this is when the new stablecoins are printed and distributed to shareholders. These systems are "super complicated," "convoluted," and "extremely risky," with some, like MIC, having dropped 99%. It's important to understand them, not necessarily promote them, as they are primarily for "Dgens" (degenerate gamblers).

* Ethereum 2.0 Staking Update: A personal Ethereum 2.0 node is running successfully with 100% effectiveness. The 32 ETH required for staking have seen their value increase from $18,000 when the node was set up to an impressive $25,000 currently. Total earnings from staking have reached around $231 so far. A critical point to remember is that staked ETH is currently locked and cannot be transferred back to Ethereum 1.0; it's still in the very early "beacon chain" phase of ETH 2.0 development.

* Investment Philosophy and Risk Management: For anyone new to crypto, the advice is to "get your hands dirty" by buying even small amounts of Bitcoin, as you don't need to buy an entire Bitcoin. The smallest unit, a satoshi, is tiny (10^-8 BTC). Regarding whether it's "too late to invest," the long-term view is that in the grand scheme of things, it's not too late due to the immense potential of the technology. However, expect huge volatility; expecting to get rich overnight is "gambling," not investing. Despite the temptation, it's wise to avoid leverage positions to prevent potential wipeouts and not be "extra greedy." A personal strategy involves having a stable "hodl" portfolio (Bitcoin, Ethereum, VeChain, BNB, Swissborg, Utrust) and selectively being "a little bit more aggressive" with other assets this year.

* Altcoins and the "Altcoin Season" Debate: The notion that "only Bitcoin is exploding" is simply not true. Ethereum's 8x return from $100 to $800 is massive outperformance, and many altcoins like Polkadot (up 84% in 7 days) and Dogecoin (up 83% in 24 hours) are also seeing incredible surges. This season hasn't been as "brutal on alts" as 2017, where Bitcoin's rise often caused massive drops in altcoin prices. The general trend is that people who've made significant gains on Bitcoin tend to diversify into other coins, sometimes "gambling a little bit" on lower-cap assets. Holding a diverse portfolio, even with many "shitcoins" as self-proclaimed, can lead to "insane movements" because relatively small capital injections can greatly move lower-cap projects. Swissborg is highlighted as a strong performer, having jumped from 11 cents to 33 cents in December.

* The Rise of Decentralized Exchanges (DEXes): The crypto narrative has fundamentally shifted from centralized exchanges (CEXes) being dominant in 2017-2018 to decentralized exchanges (DEXes) taking center stage. DEXes like Uniswap and 1inch (with its new Mooniswap) are now dictating the market and are so "super powerful" that they are perceived as "choking" traditional CEXes. Injective Protocol is praised as a strong project, building both a layer-two scaling solution and a derivatives exchange, anticipating the growing popularity of DEX-based derivatives. The delisting of coins on CEXes like Bittrex (e.g., privacy coins, Ripple) is increasingly irrelevant because on DEXes, "anyone can list," which is where most of the significant trading action now occurs.

* Future FUD and Market Outlook: The SEC's ongoing legal action against Ripple (over XRP being an unregistered security) is a major concern, as it could set a dangerous precedent for other crypto projects. Ripple took a "huge beating" from this news. There's also a worry about potential increased SEC activity targeting DeFi projects, which could lead to significant "FUD" (fear, uncertainty, and doubt) in the space, requiring mental preparedness. Another historical "FUD point" to watch is Chinese New Year (February 12th), which caused sharp market crashes in 2018. The delisting of privacy coins (Monero, Zcash, Dash) by exchanges like Bittrex is noted but seen as expected due to regulatory pressure in various countries (like Japan). For those who hold privacy coins, it's understood that they're generally "anti-government" in principle, advocating for the free use of crypto, and such delistings are par for the course.

Transcript

all right guys we are ready we are live welcome back to a live stream of box mining here you guys know the drill it's been absolutely a crazy day i was just spent the past three four hours just watching bitcoin fly with bitcoin right now comfortably sitting at three thirty two thousand hundred oh i can't even read numbers anymore this is like how daft it is i mean we've been following bitcoin in the thousands right three thousand four thousand i'm used to those numbers thirty two thousand what ...

all right guys we are ready we are live welcome back to a live stream of box mining here you guys know the drill it's been absolutely a crazy day i was just spent the past three four hours just watching bitcoin fly with bitcoin right now comfortably sitting at three thirty two thousand hundred oh i can't even read numbers anymore this is like how daft it is i mean we've been following bitcoin in the thousands right three thousand four thousand i'm used to those numbers thirty two thousand what what is this right so yeah so we touched thirty three thousand we just got rejected off there but we're going to follow that live i mean it's been a crazy few hours i've it's right now for me personally it's 1 a.m in the morning so it's a steep late in the night but i just cannot sleep it's it's one of those times where you have to really sit there and manage bags um just finished that huge bag managing session um just now so i want to catch up with you guys wanted to celebrate us making a new all-time high again we also have ethereum ethereum's pretty strong too i mean if you can just see that ethereum just broke past some of that resistance we saw some resistance at 750 ethereum just you know blasted past that too we can almost reach we might even touch 800 today we'll see how it goes so it's been just absolutely insane so guys we're doing a live quick stream it's very much a celebration i'm not going to prepare too much activity for you guys it's a very unscripted episode but i just wanted to share this moment with you guys share some expectations share some thoughts share some efforts to get past transactions man i was looking i was doing trades on uniswap it is literally 20 30 to do a transaction right now on uniswap like it hurts it hurts me deep down inside but we got to share some strategies for that you know how do you spot a good transaction gas fee how do you break past you know if you get stuck stuck transaction what can happen we'll share a little bit of details there also share a little bit about what i've been doing recently um uh it actually involves getting out of farms right because right now these coins are pushing so fast right that you're going to take up impermanent loss right so any pool like i saw my i was like i was in like bmb usdt pools i'm like you know what let me take that out just in case something explodes here i don't want to get impermanent loss i don't want my kind of upside being cut down by those impermanent losses being in liquidity pools so i'm actually being very very defensive at this current point right now where i'm just like you know what i don't really care too much about those 20 30 percent apys right i mean you know yeah not financial advice but that's what i've been doing i'm just like systematically taking down farms that have coins that are just popping right just just absolutely no need to put them to get those extra few percent i'll talk a little bit about um algo coins i've spent the better half of this weekend talking about algorithmic stable coins um those are just blowing my mind right now it's it's it's insane but i'll talk a little bit about mithril cash it's been just absolutely crazy it started its farm literally like three days ago right and then just like the total value locked was like what 400 plus million dollars of value being locked um in to get free coins there and then if you think about it in terms of like they're like the mithril cash mithril shares mithril whatever like it's mithril bonds oh my god it's like my mind is blown i'll talk about the itself group of coins just talk a little bit about strategy i feel like this year um it's one of the it's my one of my new year resolutions just catch up with the cool kids you know like i'm i'm old man i'm getting old this year i was like you know what i'm gonna make it an active effort to keep up with all the new crazy stuff that's going on so that's what i'm gonna share with you guys today um yeah so it's been great anyways guys um so we got we got a comment from daniel brockwell says i paid 115 brackets 80 quid all right 80 quid if you're in the uk to trade on alve holy shit man that that is insane i mean if you use a dex aggregator probably even worse right like right now only whales can trade it's like ridiculous but the good thing is like if you're farming on like binance smart channels i was touching there luckily you're still in sense all right you're still in sense but on ethereum you're like exciting um better turn those miners on i mean holy crap um yeah that kind of explains all graphics cards are going to be wiped off the planet off the earth because with ethereum going to the sky high levels with gas prices rising yet again ethereum mining rewards are up but hey we'll still have to compete we just recently released a video just now um you know i'm just like i'm so excited you know you can tell by the the tone of my voice but we recently released a video on mining versus staking that was such a good video um it's probably like a little bit more kind of you know down to earth but we actually compare mining directly mining versus um hardcore mining this is like this is the unit i had here this is with um it it's got like six slots i can slot gpus in it and it's it sounds like a jet engine basically but the cool thing is like these things sell for literally 200 on taobao right so this is like the aliexpress of of china right the original the original aliexpress but these things like you know i plugged in graphics cards in there i was testing them out comparing mining versus staking you know which one has better rewards which one's more scalable all that crazy stuff but you know maybe it doesn't really matter right now because all the graphics cards they're wiped out good luck getting one at retail price you gotta pay like 20 30 not 20 probably like 80 90 100 more than retail price for them right now it's insane um but anyways guys um smash up those likes right now if you like these videos smash up those likes like bitcoin and ethereum they're smashing down those walls smash them up those likes up let's get started with today's video all right so very very quick quick look at the markets the trading has just gone insane for the past few hours we just the moment we broke all right so so if you just look at things so i put everything on a minute right now because i was like i was kind of uh kind of being a little bit crazy but just recapping the whole story right recapping the whole story 2021 has been pretty much the year for bitcoin so far so after new year you know it's pretty quiet during new year and there wasn't really a big dip prior to new year which was kind of interesting right so just recapping that story that the narrative that we saw so moving towards holidays we've always been you know a little bit careful about holidays just the days before a holiday you got to be a little bit careful right markets are closing institutional investors they're a little bit concerned you know they want to take a break they don't want to be trading all the time they're going to be in hedge positions but you know the the drop wasn't very drastic at all and at the moment after the holidays right we have this like rocket ship up so we saw like some form like you know pediful pediful resistance at thirty thousand dollars but the moment that resistance was crossed like it just exploded today right all the way up 21k you know and go shower come back out oh 22k that's great all right if go back focus focus focus trade do not do not drink today you know like i sound excited but you know it's a it's a situation where when i'm trading i don't drink i don't i don't touch alcohol i don't touch like any sort of anything that would inhibit inhibit my ability to click buttons right because if you click the wrong button you know you accidentally set a sell order instead of a buy order i know you guys i've done that in the past you know like just like you're just clicking on ftx or binance or something and like sometimes you get those buttons mixed up and you're like oh clicked it oh screw this and you have to go go back and reverse all your orders and stuff yeah you don't want any alcohol you don't want anything you just want to go pure crypto right this is crypto is the only drug i need at this current point but yeah to the moon guys so it's been super exciting so the moment we kind of smashed that we just got constant notification after notification 30k broken 31k broken 32k broken 33k we saw a little bit of resistance here so this is yet again is this super strong resistance not so much right if you actually look at it we touched 33k we did we didn't move up but the rejection wasn't very hard either yet again very exciting so now just kind of explaining why uh mentality wise what's going on so i definitely see a lot more retail interest so the theory that came up late 2017 was that after the holidays right people go back to trading but also during the holidays people tend to talk about crypto crypto cryptocurrencies is getting more into mainstream media so that holiday effect is definitely coming into play right now right so these are the first few days coming back maybe kind of front running monday so monday is when you know everything opens up again maybe front running that a little bit some excitement going on for me definitely i've got a lot more people messaging me out of the blue they'll be like happy new year so like this is like some friend of you know it's you know some friends they don't message for five years six years they're so cool people okay but they'll be like happy new year and you know wait a few seconds you know this person's typing hey how do i buy bitcoin like i've been telling you that for ages but anyways let me link you to to genesis blog hong kong or to swissburg if you're in the uk or or if you're or if you're in the states or canada maybe coinbase maybe coinbase right but yeah it's been it's been insane it's been insane a lot of more people are asking about bitcoin right now there is a lot more retail interest and that it definitely is the holiday effect coming in and it's just been a crazy upward streak and just some funny stories are just some funny stories i mean since we're in the mode for stories uh i sent a screenshot to a friend recently right so this is that 28k for bitcoin and uh um you know their initial thought was oh box money's dumping right you're dumping the market you're gonna short us off that might dude look at the color look at the that's green that's green that's buy order right i'm buying at 28k you're nuts but yeah you know it's crypto right you know like it's it's nearing the end of the holidays i was just like i was making my punt um for this exciting push-up and it worked pretty darn well so super excited with you guys today i hope you guys you know if you guys are in crypto right now i mean of course you guys are watching this channel hopefully you are if you guys are new to the channel guys check out the links down below there are some affiliate links it just helps the channel grow uh but yeah get some bitcoin and also like if you guys are new to bitcoin and crypto and something that's i've been telling everyone is that you can buy like a hundred dollars worth of bitcoin right even less right you can go up to freaking atm buy even less and just get your hands dirty that's the the kind of key right i think a lot of people they feel like oh do you have to buy an entire bitcoin it's a little bit expensive right now you know 30 32k for a bitcoin right that's that's that's a hefty investment for a lot of people right people thinking oh do i need to buy an entire bitcoin no you don't all right you can you can definitely buy small portions of a bitcoin in fact the smallest unit of a bitcoin is 10 to the minus 10 sorry 10 to the minus 10 so that's a one single satoshi right there and five said what am i saying here 10 to minus eight but anyways yeah it's it's been pretty pretty pretty crazy so anyways guys it's it's been insane so uh i was gonna say today uh we can't we we're exploring a lot of uncharted territory here so this is actually another also a very interesting point point out that we don't really know much data right we're we're exploring very very different a different space we never really passed it if you look at 2017 sure we we got a lot of hype right but we were capped at 20k so now as we explore 30k it's actually much harder right it's harder to do ta up at this level right like what data are you gonna rely on all right do you have any history of any previous resistances nope none of that none of that daniel brockwell says 10 to the power of negative 8 yes i was uh i was a little bit too excited there once the toshi 10 to the power of negative 8 in terms of yeah everyone's correcting me now all right relax calm down calm down guys calm down my bad my bad my bad 10 to the minus 8 you can have one satoshi there so there's a lot there's a lot to go on but that being said of course so i'll take a quick look at ethereum ethereum is also pushing up the trade that activity is going crazy just like i said we we passed the previous the the kind of like little little brittle little bits of resistance here so yeah we saw that there was kind of two rejections of five 750 and now we're passing that and there's like a huge amount of trade activity going on at this current point that's volumes are you can see those volumes are picking up right now and i'm using data from coinbase all right just for interest but around the exchanges you'll definitely see that so let's go now that being said i just want to focus on this thing so you guys are probably crazy you guys are probably moving up crypto around and it's getting expensive right now right so i've been recently using tx street to get a visual representation of everything that's going on it's great to browse but i'll show you guys very quickly what's happening but transaction street if you guys used it it kind of shows you how much it costs for a transact costs for a transaction right now so medium speed is 15 medium to send medium send for on ethereum is around 15 right now in usd and bitcoin is around five dollars in terms of um sending a small transaction now these gas prices are definitely no joke all right so how do you min max on these gas prices how do you kind of hit the perfect spot for a gas price and this has been very hard right i mean previously we used ethereum gas tracker all right so if you want to do anything it says okay look how much is a fast transaction like fast a trader if you want some dumb asap you just floor it you know you go for 240 guay you're good to go fast 224 or standard 271 but something cool about transaction street and why i've been moving that to one of my windows that's on permanently on my screen set up here i guess you guys don't see it but i have like four screens over here um standard trading setup probably trying to get more screens but i try to put on my screen all the time because it gives you a visual representation of what transactions are getting through so these kind of train cars represent the gas price in terms of guay so the first car is the most expensive you know kind of gas the most expensive category right this is your first class train right you want to be on the first class train it's going to be the fastest you're going to be guaranteed to see on the first class train but it's 242 guay sometimes i'm a little bit cheap i scroll down a little bit i'm like okay let me see if people are actually getting on at these cheaper prices all right let's let's see let's see if there's some action going on when you scroll down to the bottom here so sometimes if i'm not urgent right if i'm like unstaking a coin that's that doesn't have any sort of urgency i tend to look you know a little bit here you know and see like what kind of activity maybe maybe not all the way down here i think right now it's quite expensive it's probably i'll probably look down here okay look there's a few people getting on a train maybe those trains are good i'll test them out and if i have to wait five minutes i'll up the gas but anyways that's that's a that's a neat way of um optimizing your gas i mean just a little bit of information for you guys because i know you guys probably don't want to spend 15 per transaction right now and in fact if you're interacting with like uniswap it's more right because you need more gas to to to do it so uh it's a little bit more expensive i i was hitting around 30 just now so gotta bite the bullet gotta bite the bullet it's not nice but got to bite the bullet um okay so we got gas now.org has um phm suggests gas gas now.org let me see what gas now.org is showing me oh that's interesting okay so you got a graph yeah this is a standard graph that you see for for the chart for the number of transactions and the price but i kind of like i kind of like it it's got the christmas theme for for um tx street so anyways um it's pretty good but yeah at this point current point it's we're we're we're waiting we're waiting for ethereum 2.0 we're also getting a lot of scaling solutions coming up i'm just doing a lot of research on opposite optimistic rollouts um zk roads like it's insane um lots of tech research there about all these scaling solutions layer two solutions for ethereum we also looked at omg and plasma as well yeah trying to solve this issue is going to be quite key but we do know that it still works right now and people are still having fun so i guess you know that's kind of exciting so anyways so obviously people are a little bit concerned as well i saw a few questions um uh carlos van dams is is it too late to invest next week everyone's asking for too late or not um you guys know my stance on it i've been a long-term hodler um i make up i kept making videos for all all that time and also i kept buying during the dips between 2018 2019 so yes in the in larger picture obviously you're going to pick up coins for more expensive than i picked them up for right that's that's a given right i mean i i guess i guess it depends i mean depends on with whether it's bitcoin or ethereum i also didn't you know purchase 800 ethereum before it's not a surprise in fact a thousand dollar ethereum that's not a surprise either but i would say right now like the the reason why you want to consider kind of the longer term right so it's because there's a lot of volatility in crypto not financial advice of course but you know crypto and all these things like a lot of people expect to get rich overnight i can tell you if you expect to get rich overnight you're not investing you're gambling um but yeah so is it too late in the grand scheme of things not too late at all because i feel like the the implications of all the tech here is immense but are we going to experience huge amounts of volatility absolutely we have not experienced like very turbulent times for a long time in crypto right this this run up has been like quite quite short of a miracle it's it's been pretty much one hockey stick up but you just have to realize guys um there will be volatile volatile times you you could like and it's one of the reasons why i don't take on leverage positions at this current point even though it's so tempting today i was like so tempted like this afternoon i was so tempted to take on a huge leverage position but i'm like just in case just in case that wipes out i'm i don't need to be extra greedy here at all right like um i guess that's my two cents my two cents not financial advice for me only right and you guys know from this channel this is for me my personal take on it recapping of what i'm doing etc at this current point um we got ben shaw says love the content thank for thanks for helping me set up my eef 2.0 node much love thank you thank you thank you i hope you guys are running those eef 2 nodes well let me just go give a quick checkup on my eef node i haven't that's one thing i haven't checked on today so i'm i'm pretty excited so my node should be running yes it is running so yeah it's going on total earnings so far i did this on a live video by the way just showing you guys how to up um to uh stake ethereum 2.0 it requires 32 eef so it is a little bit expensive right now the total value of this node has actually gone up i mean remember when we did that video it was around 18k to set up this node now the value of this node is 25k at this current point and in terms of earnings right so total earnings is around 231 dollars since we set this up and let me just give a quick checkup on what's happening so far in terms of the validation so yeah 100 effective it's been active it's not bad it's just increasing in the number of eef it's having but do note of course with ethereum 2.0 it's still in the beacon fee fee beacon chain phase it's still very very early on so the number of blocks being produced uh actually not blocks that epics are still very early and one of the key things is that once you establish this node it's not gonna you're not gonna be able to transfer back to ethereum 1 um for the time being also you guys probably notice i'm very very tired right now so if i make a mistake do catch it do do shout out at me at the chat over there phoenix faucet would you suggest not if i spending their 600 semest check in crypto what would you do what would i do that's a good question that's a quick question i'll still put it like for me right like for any beginner i think a lot of beginners they come here they want to make quick money and it depends on the level of aggression i've been seeing successes both ways for me i'm a much more kind of safe player i guess in this space like i have a relatively stable portfolio that i say look you know that's the my hodl you know i'm not going to touch that um and it consists of bitcoin ethereum vechain and a few other coins like and then i have like bmb and a little bit swissborg utrust you know like kind of the bigger ones and i just at least put it there save it there i've also seen the complete opposite of that which is the full-on aggression just like um treat this like a casino it depends on the person you know it depends on risk tolerance it depends on a lot like if you expect to like gamble away i think there are some people who just completely gamble away lose it all and they don't mind um there are some people who are like more safe like me so there's definitely a lot of people i would definitely recommend that you check out with your financial advisor on what to advisor on what to do um plan it out you know for me i've had a set strategy that worked very well but also this year one of my focuses kind of resolutions this year it sounds crazy when i say it out loud is but to be a little bit more aggressive all right so my two cents uh jj gallant says no ltc i'm not a big ltc holder i don't know why um i think it's because like i feel like bitcoin does a lot of what like when wants to do i mean i i i have full respect for like when for being so strong like in terms of sending like in fact um the light coin that i hold i kind of use it for payments digitally which sounds very weird right but it makes a lot of sense because if you go on a lot of websites like when it's almost accepted on almost all the websites that bitcoin's accepted on but the transaction fee is around like one to two cents right so for me it just made more sense to just keep something in my wallet just to spend it so it kind of became my spending one so i guess it makes a little bit of sense i mean charlie lee has always been saying you know light coin is silver to bitcoin's gold right but yeah i'm not a i'm not a super big holder of like when i feel like you know for me like yet again bitcoin was kind of where is that so yeah the high dumb it's red sue says no only bitcoin is exploding if it's just getting by stop selling all these scam projects like how many 10xs have you had this season like this season being the last month because i've had two plus already so you know go figure right if you if you don't like shit coins don't touch them but other people do and have some respect for that right so i know i mean this season has been super good for me to be honest like the the altcoin side has been like pretty darn exciting to be honest um yeah so we'll have to you know every to each their own but a lot of people ask me you know like altcoin season when right so in terms of performance bitcoin has been the dominant factor right but but oh no ethereum is only 30 24 to bitcoin's 32 oh my god what is wrong with people like if you bought ethereum at 100 and now you're at 800 or 780 you've outperformed the market massively right like i don't know okay not financial advice you guys make your own decision this is just my personal take on it but like i feel like i've had a few conversations like this like someone's crying to me oh my god relative to bitcoin ethereum's just like performing 0.8 percent of like 0.8 times off bitcoin and like like whatever polka dot is also taking off polka dot is 84 84 percent over the past seven days it's just going insane dot dot fever is coming up and it's it's just like a non-stop cannon just exploding over here um so yeah a few people were definitely concerned you know like okay it's realistic dogecoin is what dogecoin is up like 80 not 83 percent in the past 24 hours it's just nuts so this this all season has actually been this this season has actually been not that brutal on alts i still remember 2017 when bitcoin goes up you know all the alcoins go down like massively this one is still relatively kind of it's okay it's okay it's it's not it's not it's not lopsided at this current point so you know what i'm i'm still pretty okay with it so yet again it goes back to alcoins um like um will it be out season i think like will the sun will the sun shine tomorrow is kind of the question i feel like the mentality for people have always been like the people who have um made gains on bitcoin they naturally flow to other coins because they feel like they're big winners right so anyways that's my two cents on it not financial advice i just want to be careful here of what i say but yeah i'm i'm i i um there's a lot of people who have been maximalists at bitcoin i have not been a maximalist at bitcoin and i'm super happy for that that's all i want to say i've been i've had this conversation infinite times i don't think i need to have this conversation anymore at all right now because yet again all coins they can surprise you they can surprise you so gg anyways okay so um looking at the comments um kim miller says what are your thoughts on tron uh so it's kind of last year's resolution for me not to shit on coins i think tron's been a big copycat but also um i guess i use tron now for usdt transactions between exchanges so now it does have a purpose i'm not a big tron believer though to be um to be honest it's very dominant it's very kind of um justin sun centric so it depends on whatever justin feels like at the day so i kind of don't want to be at the mercy of us um the same person we got joey says have fun staying poor that's been a huge kind of mentality thought right um i feel like the way to rationalize all coins and bitcoin wow we got like a thousand people watching is this real am i am i seeing stuff or or what yeah we we have a thousand people watching holy crap um yeah congrats guys thank you guys for for coming in do smash that like button like bitcoin is smashing those walls come on guys let's get up to like at least 300 likes right come on a thousand people here by the way so so a lot of people are i feel like a lot of people are we're a little bit concerned about all coins and performance it really depends on the all coin you're at um to me like like i said um i'm not sure if i caught the last stream yes i do hold a lot of all coins and like i counted as almost 70 like i'm a i'm a shitcoin guy now apparently i'm gonna be branded shitcoiner for life so have a nice life guys um but okay but beyond that it's it's kind of crazy right sometimes you see these insane movements because they have lower cap right so like you know twenty thousand two hundred thousand dollars or a million or two million dollars of injected capital into a coin will just greatly move it right swiss sport has been performing super well to be honest um i was looking at the chart and i'm like wow just uh swiss swiss so it's where finance ban finance coin was not bad as well um yeah swiss borg we just just took off it's kind of like dropping a few days um for these past few days but if you just look at the trajectory for it too it just like blew up in december from like 11 cents to like three um 33 cents it's been a little bit insane um yeah it's an exciting time so i think it's gonna be fun um one of my inspirations so i'll just like blabber on a little bit right so i kind of like really forced myself this this kind of a few days to focus a lot more on the alts because i feel like like i said after the bitcoin kind of craze you know one of the big the giants move up then people kind of tend to want to gamble a little bit or kind of spread um spread their diversify their assets a little bit so that's kind of where i'm looking for all coin season it's not the full-blown crazy all coin season but we have seen some all coin movements it's it's not that bad i feel like a lot of people are very concerned because i don't know maybe not as diversified but at the end of the day for me i've been forcing myself to focus a little bit more on the algal stable coins i think that's just i've been avoiding it for the most of 2020 to be honest um it started with ample fourth with all this rebate stuff but then there's scenario age um yeah i spent ages looking at scenario age because i was like is this just another fad thing you know is this like there's so much ponzi dynamics there too i just want i want to be very careful about it but i saw some insane results right so i'm not going to name names here but one of my friends i think they turned around a thousand dollars into two hundred thousand dollars right i'm like what the fuck am i doing with my life like can can i like what am i doing so i just slapped myself in the motion just trying to understand this whole dynamic here so yeah that's been kind of my life story for the past few days just kind of understanding it and trying to see if there's any real value there i can see it's very interesting like the speed at which all these algal stable coins are developing but it's extremely extremely volatile and risky just take for example i'll talk very quickly on mifro cash because right now it just started so it's in this bootstrap phase that's the most expensive well not the most expensive the most intensive phase that cash right now um this one is interesting right so i want to cover very quickly because there were a few kind of pitfalls that i just wanted to warn people about so first and foremost you get to mine it um it's five days of um kind of mining so you can just like mine it with one of these coins here why is this not showing up um there it is there we go so you can you can mine it and you can get um kind of your mic mifro cash for free by mining this so one thing that this is kind of a fork of basis so i did try out basis is one of those things where i kind of like everyone was doing it i'll check it out but just to be careful um the stuff that you mine out so if you mine it by usdt usdc or whatnot you get it and you get this mif cash stuff just be careful the price will hit well the the the objective of this coin is to push the price of mif cash to one dollar right so it sounds crazy like why is it 136 dollars right now not financial advice full on dgen by the way like if you guys don't like this stuff just turn it off like it's just it's like just me sharing some stuff for for all those dgens out there right so just be careful like the stuff that you you harvest and you collect for free um you make sure you you offload it before this becomes one dollar right i i made that mistake when i was basis cash where i left my stuff farming there i was like you know what let me farm and forget uh yeah it just turned out to be two dollars afterwards right after i farmed and forget so just be aware of that so the other question is why is mifro cash um at such a high price the reason being is because people are in this pool so they're using mifro cash to farm the mifro shares in this pool which is why it has insane rewards it has some something ridiculous but um that's the reason why people are using it and they are well aware that it's going to crash to to to to zero to one dollar not what to zero to to to one dollar which is the objective of some sort of these sort of algorithm coins so if you think about it the objective is to push this to one dollar and how they're going to do that is they're literally going to print more money so this is like the fed printer on steroids it's like it's ridiculous and this is one of the reasons why i kind of didn't focus on this stuff i'm like wow like why is everyone printing money like this so crazily but it seems like it's one of the most popular things on right now so i'm not i'm not one for fighting against the tide i'm just trying to understand everything going on here so what happens with this type of system is that this gets dropped into the mifro share so like on this day called the cenarage day uh which is going to happen on the 5th of january this the first cenarage is going to happen for mifro cash on the first of not the first the 5th of january 2 a.m utc um it's going to massively print and give mifro cash to mifro shareholders so yet again another trick is that if you are having exposure to mifro shares make sure you stick it into the boardroom before that happens so the boardroom will open up in eight hours make sure you stick it there before it happens i'm not going to cover too much about it but i've spent a lot of time on it i am going to try a little my try my hand on this to figure out what is going on but holy crap this esd thing um like dsd on my list to look at for algo stable coins it's been just like insane it's been absolutely insane so just be very very careful right so m like m i um fixed msys mic is down 99 right now just be very careful this once it hits on january the 5th this is not something you want to be holding because it's going to become one dollar and it's not a rebase coin so you don't get like 136 x of it the the printer doesn't drop in the cash it drops into the share so just be very careful it sounds um we got james you you call heart says sounds convoluted super complicated super super complicated it's ridiculous right it's it it is it is insane it is insane um yet again i don't want to promote it but i mean i saw um i saw black film guild says don't cover scams dude dude dude dude dude dude there's a difference between promoting and covering all right so need to understand there is a need to understand what's happening um it's absolutely critical like this year that's my resolution never ever stick your head under a rock all right like that's that's the last thing you want to do that's the last thing you want to do metasonic says what do you think of fracks are doing better than dsd so in terms of exposure i'm only trying out mithril cache because two things are obviously i know the person behind it quite well so this is but that i'm done by jeff huang so full disclosure there whatever like i'm pretty like knowing pretty well but the other kind of reason is because it's the first scenarioage that's happening so it's like that's the first one all right so this is when everything gets stabilized and then afterwards it's like okay you got to figure out what's happening but yes fracks i'm spending a lot of time on that too fracks dsd empty set dollar it's it's insane it's insane um andorix exorces um mithril seems to go confuse people intentionally i think it's based on basis cash basis cash was yet again some people like it blew up it was something that i was like i'm gonna pass on i don't understand it but like i'm glad i understand this stuff now like anyways all right um you um all right so any thoughts on parsic any thoughts parsic is actually a super strong team i think we have some super big parsic fans here i'm actually opening up a little bit more to parsic now like they're doing super well congrats to them um opinions on swissburg swissburg actually is on discount today that's not bad swissburg like that's actually not a bad discount um they've been moving very aggressively in terms of entry points right it's one of the so the reason why i took on swissburg is because of i kind of like okay so this year i've been spending a little bit of kind of thoughts right like one of the thoughts is that if more people are coming into crypto then infrastructure becomes important right especially ways for people to get in so swissburg is actually super good for anyone in europe and also in hong kong as well you can directly um get an account right the issue is you need to kyc your account first but the moment you get your account you can just bank transfer over and boom start trading it's like it's super powerful especially for european anything nothing none basically world x america there we go um um ben strauss says i feel you missed my super chat thank you so much for a super chat sorry about missing the super cat um ben says uh i'd love to hear thoughts on injective if you have time and thank you so much for your 50 quid donation ben that's that's pretty amazing thank you so much guys um so injective thoughts um super cool like check my interview with them they they know their stuff right they're building the chain for layers layer um for they have their own layer two scaling solution plus they have their derivatives exchange right so they knew that derivatives exchange on dexes are going to be super popular we already see that uniswap is already super kind of on top of things right and then of course we have ftx um making serum and a serum is going to be like like next level right the kind of the shift has always been like if 2017 and 2018 was a narrative for centralized exchanges then this year has been the becoming the narrative for decentralized exchanges right so you got uniswap you got one inch coming up with some crazy stuff as well um they're coming a moony swap by the way i think yeah check up moony swap you guys haven't checked it out if you guys are interested in one inch check out moony swap and an injective coming in um super strong as well i feel like um a lot of like i've actually talked to a lot of exchanges and they feel like they're getting choked by decentralized exchanges that's how powerful they are so my two cents all right so this video was meant to be a short video um a lot of questions coming in um i'm not gonna answer all of them i think a lot of people were asking questions about various coins and stuff and it's i kind of covered what i needed to cover um for right now i think my focus obviously very clearly if you watch the startup video has been a lot on bitcoin and ethereum because they're like the main market movers at this current point and they kind of dictate the pace of everything else but at the same time yes definitely i am diversifying my portfolio a little bit right now just into anticipation of the kind of possible alt season coming up so that's kind of my two cents on everything um got a lot of pop um questions about bat um yeah why not why why i'm using brave browser right go figure so yet again i don't feel bad for holding on so many different cryptocurrencies it just takes it's just a matter of like do you for me right for me yet again for me not financial advice do i want to have exposure instead asset or not and there's so much innovation here that i don't mind having more exposure than a lot of people think they're comfortable with but that's okay i guess for me i have the luxury of being able to spend more time on it being able to have more bag managing sessions um yeah it's like it's a lot of bag managing sessions just like clicking buttons all day but i feel like i'm i'm in a good position there a lot of people are asking about earth 2 i have not seen earth 2 sorry about that apologies there's a million coins i definitely want to look at so i'll take a look at it further but i don't have any intel on it first and i generally prefer to do at least kind of three four hours of research before talking about anything there we got jin uh jintoki amvisis do you know you trust dude it's it's one of my medium bags or i made like a bunch of videos on that that's been something i've been holding on for quite for long some time as well so yeah again they're also about entry into crypto but more on the merchant side so allowing us to buy with crypto and a much easier integration as well um they actually do super good job there too so um lama66 says win sleep very soon i'm actually extremely tired right now but um there's a last question from co brazil says michael please comment about bittrex delisting and what it means for all coins outseason in general have the fundamentals change first and foremost right first and foremost who the hell cares about bittrex like like are we stuck in 2017 sorry to insult sorry to insult right sorry to insult all right i'm being douchey here i'm being douchey i'm being douchey all right stop being douchey but first and foremost right most trading action now is sushi swap or unit swap right like that's been dictating the market for some time already so like all the defi traders have already swapped like have transitioned into decentralized exchanges because for like you have more exposure to new coins um this just seems better right so delisting doesn't really matter because on decentralized exchanges anyone can list all right so going with this whole decentralization thing now i do want to talk about the biggest delist which is ripple so ripple has been you know that has been floating around that's a whole security thing that's been interesting right because not only is ripple meant to be the first one but there could be many others that follow sec apparently is rumored to be a lot more active looking for coins that could be potentially securities and that could drastically affect prices if you look at ripple let me just throw that out there ripple took on a huge beating you guys probably know i'm not the biggest ripple fan so i'm gonna i'm gonna refrain from doing what i want to do which is to say ha ha ha but you know out of respect i would say you know what dick cratered and uh the whole sec thing i actually don't that's yet again u.s lawyers are probably better at me um for this to explain that to me but um that's gonna be a interesting topic of discussion i'm actually a little bit worried as well if you're think about the fud and the potential fud up there there's a lot of d5 projects where i feel like this year people have become a lot more aggressive so there could be some repercussions there in d5 space as well so just be done watch out for it you know potential fud or anything i think in the past you know i've said watching out for fud is like our fud points and being prepared for it is one of the key points in crypto but it definitely is just definitely being prepared and mentally ready for it so so ripple took a dip the whole sec things going ongoing maybe there's a payout maybe just jail who knows we'll have to see you know how that case goes out that's going to be fought in court um now the bigger question is what other coins could be targeted which you know becomes a bigger issue at that point so that could be some of the floods on the horizon if you're talking about fud as well also we have chinese new year so chinese new year was the time when things really crashed hard in 2018 all right so we're looking back in history and looking at these big dips chinese new year has always had a bad rep for for being a possible reason for the creator interesting thing about chinese new year is that it's a at a different time every year it's based on the chinese lunar calendar so i just want to bring this up there so for 2021 in hong kong and the rest of the world as well it's the same thing but chinese new year is on friday the 12th of february so if you guys want to put out some fud points or whatnot um that is also something to keep in mind on the horizon as well um let me see bit the bit tricks the listing bit tricks who uses bit tricks okay all right all right bit tricks to do list this one do list privacy coins i saw that like yesterday yeah i i'll say the same thing bit list the first thing i'm on narrow zcash and dash and privacy coins oh my god like i don't know i don't know like this is expected no like privacy coins there was this like fud like appearing where like certain countries don't like privacy based coins right like japan already stated very obviously it doesn't like privacy coins but if you're in privacy coins you're like already anti-government right like you're you're already like um promoting and it's not just anti-government right it's it's more promoting about the fact that like you need to be able to use your crypto freely right and i think right now like my view on privacy coins is that most people don't realize how trackable ethereum and bitcoin are it's kind of weird but the mainstream doesn't understand it so the people who are already into privacy coins they already acknowledge this they've always they've acknowledged that it's not the public might not understand it first but they're in it for the tech and also yeah the listing is pretty common right like haven't we seen that in south korea and japan before like i don't know like this is expected of privacy coins no like i don't know i don't know i'm not too to to to like i don't see what the fuss is i guess that's that's my opinion so yeah my two cents my two cents i mean i guess if you guys are on bittrex but i mean then comes the question who still uses bittrex like i don't know i'm a little bit confused like i guess i guess some people still use it but yet again like this year like i've fully converted to ftx slash binance maybe bitmax a little bit but you know and then everything else on uniswap and one inch and everything else like like the decentralized ones are are pretty much where the action is so not to be not to be mean but yeah it's it's the the scene is changing the scene is changing i've um adapt um push myself to adapt um and to figure out what's going on so anyways guys thank you so much for watching this episode um we got arthur cutts says or kht says reef please there's an interview check out the interview all right check it out tons of stuff tons of content interview watch it leave a comment if you guys want more of this stuff you want more reef or whatnot leave a comment all right give me some feedback tell me what you want what you don't want leave a comment down below we'll get some more content there guys thank you so much we have 339 likes thank you guys so much man really really much appreciate it i'm super excited as well to see what can happen you know i've been like the coolest part about this part is that you know i've been talking about bitcoin for such a long time and you know um having a long-term view this is just amazing right the attention that we're getting right now i hope people understand what it's for you know what the purpose of this and if you don't just check out some of the videos here um it'll be great so hit the like join subscribe we'll have some more cool stuff coming soon have a really really great day i'm gonna peace out it's it's uh almost 2am here so guys enjoy your day guys have a fun time um and i'll see you very soon also we have a live stream on monday so the live streams for my channel are here uh that's slowly loading up here but the live streams are um set the next reminder for let's just see um i'll send you guys a link apparently it's not showing up on youtube because youtube's being like genius right now option get shareable link there we go uh all right and that's it so hope you guys have fun enjoy and uh uh we'll see you guys very soon see you guys next stream i'm gonna peace out on uh my outro right here it's gonna be organized and you guys can check out you 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 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