Number going up (again)
Description
00:00 Messy hair don’t care You removed a message 1:40 Cypto’s all good👌🏻 2:30 Q&A 18:11 $150B valuation for CoinBase? 18:40 Easyfi ($EASY) hack update? 18:58 HK whales e-tour? 20:43 How are the $GP...
AI Analysis
The crypto market is on a strong upward trend, bringing a noticeable improvement in mood and sentiment, especially for those holding assets. This positive shift is so profound that it feels like the Hong Kong weather itself is reflecting the market's good vibes. While the numbers are going up, it's also a time to reflect on emotional trading and where we are in the market cycle.
Here's a breakdown of what's happening and what's on my mind:
* Current Market Vibe & Emotional Trading: The crypto market is in a fantastic uptrend, with BNB nearing $600 again, showing incredible volatility and swing-trading opportunities. It's truly amazing to see numbers going up when you wake up. Despite the excitement, buying the dip remains a significant emotional challenge. Logically, it's the right move, but emotionally, seeing your net worth decline, especially on platforms like Binance that show daily losses, makes it incredibly hard. If you managed to buy the dip yesterday, you've got serious courage and determination. The feeling of seeing numbers go down is like "crashing multiple cars in one day," which is a terrible feeling.
* Overall Market Outlook – Still Early! Despite the current boom, I'm super bullish and believe we're still very early in this market cycle. The cyclic nature of crypto suggests that the general public isn't fully in yet. Back in 2017, everyone, including grandmas and taxi drivers, was asking about crypto at the peak. Right now, only stock trading friends are asking, not the broader public. This indicates there's still massive room for growth before we hit the absolute peak. I'm not worried about traditional markets crashing because the US dollar is devaluing due to excessive printing, making crypto an attractive exit.
* Coinbase IPO Impact: The Coinbase IPO was significant, pushing Bitcoin above $60k and Ethereum above $2,000. However, it didn't cause the "mega pump" some traders expected, as pre-IPO shares on FTX were trading at $600 but listed lower. The main reason for the initial price dump was early investors cashing out. What's exciting is that many of these early investors, like Gary Tang who made a 6000x gain on Coinbase, are now reinvesting their profits back into crypto. This means a new wave of capital is flowing into the ecosystem. Gary Tang, for instance, plans to unload his Coinbase shares when the valuation hits around $150 billion, and then he'll buy more crypto. This narrative change, where people are getting seriously rich from crypto and sharing their stories, is incredibly positive and makes me super bullish for the year.
* High-Risk, High-Reward Degenerate Trading with BULL Tokens: I've been experimenting with "BULL" tokens, which are leveraged positions. The theory is that if you're already taking a degenerate, high-risk position with potential 90% downside, why not leverage it to get 3x gains? This strategy worked incredibly well with Doge BULL tokens. I turned a $20,000 position into $200,000, which was absolutely mind-blowing and made my week. I gradually cashed out on the way up, locking in gains, and have no regrets. However, it's crucial to remember this is high-risk and doesn't always work; for example, my Litecoin BULL position is currently down.
* Hardware and Mining Trends: GPU prices are absolutely insane right now due to mining demand. A 3070 graphics card, which should retail for around $499, is now going for $1200 or more, making it tough for gamers. My advice to gamers: just buy a PlayStation 5! On a surprising note, there's a rumor that hard drives are the next big thing being scalped for mining, so if you're in that space, consider getting some.
* Project Updates and Holdings:
* Easyfi ($EASY) Hack: Haven't looked into it deeply yet, but it sounds "fishy."
* Reef Finance ($REEF): Doing well despite previous drama with FTX.
* Refinable ($FINE) - NFT Leader on BSC: I'm incredibly bullish on Refinable, an NFT auction house launching on Binance Smart Chain (BSC). I believe it will be the absolute leader in the NFT space. Being on BSC means much faster and cheaper transaction fees compared to Ethereum-based NFT platforms like OpenSea or Rarible, which is a "blue ocean" opportunity. I've seen the beta, and it's amazing.
* Refinable Public Sale Warning: There's only ONE official public sale for Refinable, happening on PolkaStarter this Friday (you needed to be whitelisted). Be extremely careful of scammers! There's a massive influx of scammers trying to trick people into sending money or attacking the Telegram group. Never send money to anyone claiming to offer a sale. Make sure to get official news and addresses for PancakeSwap listing on Friday.
* Trinity Network Credit ($TNC): I'm no longer holding TNC. Unfortunately, after my previous video, some things didn't look right, and a trusted team member, Lola, left the project.
* My Crypto Bags: My "big bags" are Bitcoin, Ethereum, and VeChain. VeChain's performance has been absolutely insane, eclipsing even Ethereum for me. My "medium bags" include Engine, SwissBorg, BNB (which is doing insanely well), and Algorand. I plan to do a full video soon on my holdings.
* Philosophical Musings on Wealth and Happiness: While I've reached my entire year's trading profit target within the first two weeks of January, I've realized that money doesn't directly buy happiness. It's a weird paradox: more money can lead to more pressure, especially when the market dips. Financial freedom brings happiness up to a certain threshold, but beyond that, it gets "weird." I recommend checking out Gary Tang's video on "making wealth, not money." For now, though, the mentality is "let's make the money first, and figure out the happiness later!"
Overall, the market is vibrant, innovation is rampant, and it's an exciting time to be in crypto. I'm super thankful for the year's performance and hope everyone is looking after their health amidst all the trading action.
Transcript
So we are live let me see if I'm able to fix my hair because I can definitely see myself as my hair is super messy today but welcome guys to another live episode of BoxMining. Today we are outside we are in West Calhoun district right here so we are looking right across the harbor at Hong Kong Island over there that's where the financial district of Hong Kong is that's our target right that's a target that's a target for crypto to replace that's the so we got John says beautiful city nice weath...