Elon hates Bitcoin? MEME coin MASSACRE

all right all right all right so welcome back to another episode of box mining here it's a a very urgent episode i guess that's the best way to put it there's two major big events happening in crypto right now that's drastically lowering the prices and ironically that's a very good thing i explained to you why in today's episode but the two events are one elon musk decides to pull the whole tesla bitcoin program remember when tesla started accepting bitcoin payments to buy the new cars well unfortunately in the new tweet elon literally just said yeah we're not doing anymore over concerns of electrical uh how much bitcoin mining is costing the in terms of electric electricity uh this actually is quite a myth so he actually fell for one of the biggest misconceptions it's on paper yes bitcoin mining does uh need a lot of electricity but there's actually uh some nuances to that too so this is a tweet this is a statement that he put out like you know tesla has suspended uh vehicle purchasing using bitcoin uh we're concerned about the record increasing use of fossil fuels for bitcoin mining especially coal which is the worst emissions for any fuel so this is his statement uh so he's like we believe it's promising future so uh i guess i guess uh i saw some comments just now some people are like oh elon doesn't hate bitcoin well he thinks it's a good idea but it uh it cannot it cannot come at a great cost to the environment that's his kind of take on that so tesla obviously will not be selling any bitcoin we intend to use it for transactions as soon as mining transactions uh as soon as mining transactions to be more sustainable energy we uh sorry as soon as mining transitions to more sustainable energy which is um you know well maybe a few decades down the road uh and we're looking for other cryptocurrencies that use less than one percent of bitcoin's energy transaction hinted maybe ethereum maybe solana maybe a proof of stake system and obviously the moment that the tweet dropped there was a lot of panic selling on the market just directly from 54 000 it plummeted almost a ten thousand dollars plummeted um wait no no no no no no okay so that's the one tweet no it's okay my my bad my bad so it plummeted two thousand dollars so excuse me for the uh rashness of this i kind of woke up recently to to everything that's happening here so the lowest point it went today uh after the kind of the tweet and then a reaction the panic sell to the tweet so let's phrase it properly right there so with that it took the markets down all the way to forty seven thousand dollars for the price of bitcoin so it was quite a uh quite a few weak hands freaking out here so all those elon believers uh this really dumpished hard but we're at a point where we bounce right back up so bitcoin refuses to go below fifty thousand dollars at this current point this is quite a strong signal honestly so this is a signal where for me personally i woke up to this and i'm like you know i know my assets are down like that i know right you you wake up to anything like this you're like oh yeah bitcoin's 50k i know that but honestly honestly i actually feel happier i feel happier because right one of the main points here is that bitcoin was very reliant on elon musk right it was becoming to a point where both you know both the meme coins and bitcoin a little bit as well basically they if you look at that reaction you know the moment elon sends out that tweet and it causes a market collapse of that you it's a proof it's proof that bitcoin was very very reliant on one single person on elon either pushing bitcoin forward pushing you know accepting more bitcoin or holding more bitcoin with tesla it became to a point where there was a lot of reliance on single kind of thought leaders and this is actually a really bad thing for bitcoin because big for bitcoin to become a truly decentralized currency right you need to be very very kind of decentralized in terms of who likes it about you you don't want leaders coming and popping up in this place taking over the bitcoin narrative so i feel like this is something that's actually very good for bitcoin over the long run because if we're less relied on elon if you know if elon musk is less of a factor it also makes my job a little bit easier to be honest because like for me doing analysis on this it became more and more centered on okay what's elon gonna do with bitcoin and even more so with all the dogecoin and analysis out there right so this actually makes my life a lot easier now we can look more at the fundamentals of what's going on okay so that's number one we're going to discuss about that in today's episode a little bit then number two big thing that's coming up is the dumpage that happened on all the meme coins right so yesterday this happened around eight hours ago so vitalik came out right vitalik booter and the founder of ethereum he came out and he decided you know what we're gonna he's gonna dump all the shiba inu all the akita well not all of it some of it um that he was holding so why did this happen well let's go back to this over here so you know our found this is this is the this i i saw this being posted on my channel this is our founder chose to also chose to send 50 percent of the supply to vitalik buttern's wallet so this refers to shiba inu right shiba inu be one of those like meme coins i was popping up um so we said over 50 percent of our total supply to vitalik there is no greatness without a vulnerable point and as long as vitalik doesn't rug us the shiba will grow and survive well vitalik is rocking people right now uh so if the best way to track this like a lot of people uh when i saw my tweet that this was happening there was a moment of disbelief right that people didn't believe that this is happening well you know it's pretty public what vitalik buterin the creator of ethereum what his wallet is so you can just search for um just search vitalik here vitalik dot eth on ether scan and then you can just see that um this resolves to this address and then you can just copy his address you can also track his address using something like zeroeon to see exactly what's happening and what he's holding so this is one of the easiest ways to just like kind of track someone and monitor someone about what everything's going on so you can see it's wait this is not the wait give me a sec give me a sec give me a sec give me a sec um quite quite bad here there's multiple addresses you want to get for the vb address there we go there we go there we go there we go there we go there we go my bad my bad guys my bad um connect another wallet add it add it wanna so these i can monitor other this is a way to just monitor someone else's addresses and then you can see that he is holding 10 billion worth of shiba inu and you can see that in his recent transactions he started selling shiba inu which is what caused the crash right so if you guys see you can view more transactions down here you can see that he received it all the way back in august and may and you can see these exits right you can see him just dumping a million dollars worth just directly on the market and the same story goes with akita so akita um if you look at his transactions oh my god he has so much akita it's not even funny right what oh my god oh my god oh my god yeah so um why is this well because he's the founder of ethereum a lot a lot of meme coins choose to send their coins to vitalik so if you just scan his wallets right now he is loaded right vitalik is loaded with these coins and yes yesterday he did dump that so i'll search the transaction history for yourself um so but you can see the millions of dollars he has in all these shit coins um yeah yeah yeah yeah so anyways um so that's what we're going to cover today uh two very big updates i'll just chat with you guys today i don't really intend for this to be a very long episode i'll just just kind of voice what i think i actually think this is really really great for the entire ecosystem overall for everything that's happening in crypto it essentially okay if you just want the tldr i think crypto was just moving too fast right with all these tiktokers talking about various dog coins with very much no value right the only way i feel like the crypto can maintain its high market cap and can sustainably grow in the future is if it does function or disrupt something or provide substantial value to the whole world right that's the only way that ethereum or bitcoin or even your decentralized finance or nfts if it does disrupt something or contribute something or create something that's both sustainable and um awesome for the world so with decentralized finance it was getting there was disrupting the regular financial system which was pretty much a monopoly right there there's no other monopolies in the world other than a financial system and to be able to disrupt that right that was amazing but of course with meme coins you have a whole different world so i feel like right now by just pressing a little bit of pause a little bit of breaks on the meme coins and with bitcoin having a little bit less reliance on elon musk that's actually great so anyways um let's get this show started so um yeah that's my the longest intro ever but let's let's hit that button let's get started all right all right so i guess we can continue talking about the meme coins and the doge coins first i think that's a good topic because everyone on chat is thinking about it love you guys chat by the way uh really love you guys for just um chiming in and this is one of the reasons why we grow so um reminder also guys if you guys want to chat with our entire community we do have a box family the box fam um telegram group so i'll put that there the box mining fam so uh yeah check that out if you guys want to chat with us and see what's whatever is going on but let's take a quick look at what happened at the carnage that happened on both akita and kita akita akita inu um dump itched not too bad actually so i mean it happened mostly last night and then shiba shiba also took a huge hit yesterday too so right now i would say this is one of the most dangerous coins to be on um quite frankly um with vitalik being the way he is right now i think he fired a few warning shots so kind of what took it down obviously right so what took the price down is vitalik just directly dumping this on the market um so roughly for me it was at 1 a.m hong kong time or 2 a.m hong kong time so um these are large orders right so you can just kind of see this here and you can even see that there was actually quite a lot of slippage as well so at that time he was selling this uh what was worth like it was 30 billion worth of shiba and uh um that had that was worth 673 000 but he was only getting 500 000 worth of ethereum so you can see that slippage there right you can see that he was he was intentionally crushing the market he was intentionally trying to drop the price off the market and he only fired um pretty much at this point one two three four five five shots at this right he did two things with shiba he pulled first he pulled out the liquidity and then he fired some shots just try to bring this down so it feels like um if you want an analogy for that event all right what i felt like would be probably the best analogy if you guys watch prometheus um which is an obscure movie at this point uh but uh yeah this guy so remember this guy from prometheus um you know that the engineer the horror movie you know these guys were the you know in that movie they were the creators of humanity right and the humanity found these guys and they just started massacring people one by one just killing them directly right because he wasn't impressed with humanity and i felt like this what vitalik was trying to do he created ethereum i mean shiba is built on top of ethereum and he just like i'm not impressed with what you guys are doing with my tech right he's not impressed at all and the funny thing obviously is that creators of shiba sent him 50 of their total supply so he they essentially made him the dictator of shiba because he owns so much of that right because right now in his pockets even after this dumpage right he still owns 10 billion dollars worth of shiba right he can completely crater like if if a million dollars craters the price by you know 10 or 5 then a billion 10 billion dollars what would that do right so originally obviously the creators of shiba they probably didn't expect vitalik to ever do this they thought that 50 would be a burn ha ha ha this is kind of funny but not so funny now right so anyways that's the kind of situation shiba is in right now like obviously for me like i would never try to play with this because you're kind of like you're kind of trying to guess like if vitalik is going to crush the market more like he can at any point in time and there's no way like unless i guess unless shiba reforcs or does something else there's no way that they can solve this problem right so i just kind of felt like this was the carnage that just kind of happen on the meme coins where it's almost like vitalik is like that engineer guy from for me if he is just kind of constantly not impressed constantly smashing down and kind of trying to crush down the meme coin market obviously this was super controversial every yesterday you know even talking about it i had to phrase my words carefully because i've i mean obviously there are people who are in shiba just freaking out you know not knowing what's happening here i would add to this that vitalik has donated all the sales to um charities so he's not doing this out of oh i'm gonna profit and rug pull he i think he immediately donated um a lot of that eve over to reliefs and charities so he did this mostly for uh what as a as a soft way of kind of saying where the community should go but obviously he didn't follow up with any tweets he just he just did that so i mean i guess i guess he knows he's gonna be hated for this i mean we're all kind of guessing this is kind of the scary thing about the italic right now his last tweet was on the 24th so he hasn't he hasn't made a public statement or anything um about what's going on here um being more tech oriented but it could like you know we're all interpreting this as him exercising his right to sell the shiba inu that he has right so he has other coins too so if you guys yet again if you guys want to monitor that um i'll put his address on it's quite easy like um on on e4 scan it will show up as vb so that would be his address i'll post his address up on here i mean the great thing about crypto is you can track everything so yeah so i have actually used zeryon wallets to kind of track what he has and what he has holding because at any point of time if he chooses to sell well that's gonna be like musketeer shizu as well i mean if he chooses to sell shizu let me see when do you get shizu yeah history so he receives shizu on the 19th and he has what he has um 31 million dollars worth so yeah if you know all these dog coins all sent him uh their coins so yeah um and there's also obviously memes coming up now saying you know fuck vitalik and all this stuff i honestly think honestly with this space um the meme coins were kind of out of control for a while um you know people who have been in space like i mean we talk mostly as community and um kind of um we have someone like um aaron hernandez um he just says i hope everyone in stream loses all their money all these shit coins i mean this community is very divided right we definitely know that meme coins have a lot of marketing power but they don't change the world and they don't substantially bring value and if that's the case then they don't have a lot of long-term value it becomes something like a casino right that's something that's also something that we alluded to yesterday in yesterday's crypto with friends discussion where yeah we did talk about all these dog meme coins and it's kind of crazy and um a lot of people like including me so i did play around with doge and i did actually try to play around with kubasu or whatever like just to get a sense of what's happening and also at the same time it is like a big casino right um i'm not gonna say that i'm gonna be i'm the most perfect guy in the world that only um touches um something stuff i have a trading account sometimes i just want to see what's happening and trade meme coins right but at the same time i have immense amounts of protection against um anything that that's going down so for me it's okay right for me uh for me to play with these meme coins because it doesn't really affect much of my daily life it doesn't affect any of my um crypto holdings because you guys know how i structure things i have my hodl i have my medium hodl i have my trade and then the meme coin is like at the bottom right with like very very little percentage nothing happens but obviously people who are on tiktok people who are new to this space they might be throwing their entire life savings onto this and this becomes a bigger problem which is why i feel like having a halt on all these dog meme coins right now is really a good thing it meant that crypto was going up way too fast right with all that stuff like literally that um this week it felt like i'm like it felt like i'm like a super boomer right like i just didn't understand all these meme coins i mean i understand doge but now with these like like what was it there was like there was a coin called ass american i was australian shepherd uh sheep shepherd dog i don't know man but anyway i felt like i'm infinitely old um and i was forcing myself to learn a little bit more about lean meme coins but at this current point you know um yeah um so if you want my personal opinion i think this is really great long term because obviously it does so for any coins that vitalik has um you know i probably wouldn't touch at this current point anything on this list i would definitely not touch because you don't know when if and when this happens this is done this is the whims of one individual yet again you never want to be in a coin that has this i want to point out that also this also highlights one of the weaknesses of something like doge as well where we know that 50 of the doge supply is controlled by somewhere around like 10 of the wallets so yet again the price could be very much dictated by a few individuals right obviously those individuals are not selling or dumping doge yet i think this current market on doge is organic but there's something to watch out for it's a it's a big risk where if someone holds half of your coin right in crypto there's no such regulation where they have to declare if they're going to sell or not they can just you know click a button boom see you later have a nice life right so that's yeah that's that seems to be the the gist of things um we got daniel grime grime grime says please send zeryon links so um i guess people like this is just a better way to monitor um there's quite quite a few it's either zeryon or um these are wallet trackers right so you can just connect another wallet you can add it from an ethereum address it can add someone else's address to track them so this is a great way to track what people are doing it's it's a rudimentary way too there's actually much better tools out there to track what's happening on train that's a great thing about crypto so let me send the links out there let me see if i can directly send um vitalik's address and uh post that here let me see if that actually works as a go to wallet okay so so this will be the zeryon wallet link that uh you requested so uh daniel here's a link for you uh so you want the link of the specific wallet so this would be a great way to start to see what is going on with everything all right cool uh so that's one thing the other thing i just want to quickly mention you know i talked a lot about um uh the mining stuff with elon already so i think the elon the elon aspect right so with elon musk tweeting about the um tesla and bitcoin obviously so i mean this is definitely a concern that i think it's a valid concern that a lot of people um can have at this current point about bitcoin sustain and not using sustainable energy but i just want to reiterate right so you know elon's concerned about this but he should understand also that in many times bitcoin is using the excess energy that would otherwise have been wasted right i think this is one key point to realize as well with bitcoin so i know there's a lot of environmentalists arguing this and if you just look on paper right just look on paper on the amount the sheer amount of power that bitcoin using obviously bitcoin is using obviously that's a negative that's a huge negative for that but however however that being said because miners are super cheap they want cheaper electricity remember guys miners are targeting for two to three cent per kilowatt hour of electricity most commercial electricity costs like for us like say if we're turning on air conditioning or turning on a laptop that will cost around 12 cents well those are the figures for hong kong but roughly around the world 12 to 15 to 30 cents is quite usual for a kilowatt hour now why are miners getting these cheap electricity is because they essentially only have the low priority so on every power grid basically all the time the power plants are producing excess electricity to prevent blackouts that's usually how it's designed and then what happens is that this electricity is first sent to some critical facilities like hospitals then it goes to civilian and then it goes to everything else and then it goes to the miners right so the miners are really just burning off that excess energy that would have otherwise been wasted because on electrical grid if there's no batteries you can't store it right so that's usually how mining works so it's not as bad as people think but but i would do admit that mining does have an impact so it still has maybe a 10 20 percent of what people think it has right so it's still there it's 10 percent less of what people think it has but it's still there's still an impact so elon is looking at you know other cryptocurrencies that use one percent of bitcoin's energy so something like we've discussed this with ethereum ethereum is migrating from proof of work that's mining to proof of stake which is staking we also have solana they're the first ones there they're like oh yeah dms are open yo what's up check this out but we definitely and we're on this channel we have been discussing a lot about proof of stake which does not rely on mining which does not waste and burn electricity the way mining does but i kind of feel like it was so fast like how everyone just had an opinion there was kind of interesting uh but anyways uh um i feel like it it's a point where i think this sends a very big signal to the crypto community as well which is don't rely on elon musk right like there's a lot more to this to crypto than elon himself obviously elon led the way to a lot of big changes and obviously this this tweet out there will change some of the perceptions of cryptocurrency because elon was kind of the cool kid he was a cool kid to you know be the first one to say yeah tesla's gonna buy bitcoin and all these chinese companies that are seeing you know oh the cool kids are doing that you know we got you know may may too literally saying you know what oh yeah we we got we we got to best buy some bitcoin too and then we saw a dozen other chinese companies hopping onto the bandwagon trying to create that news oh if elon's buying bitcoin we're gonna buy bitcoin too right but with um with um you know elon sending out this message it's a little bit more uncertain so i think a lot of the copycats out there will no longer be around i think that's going to be one of the big factors so it will obviously reduce the speed at which bitcoin is going to grow because you know it seems like the cool kids are not no longer vast like um what is it um was it um supporting bitcoin without condition i'm sure there's a better way to phrase that right now but um at this current point it feels like elon is pulling back a little bit so that little bit of weakness um yeah i think i think it's gonna affect a few copycat elon musks out there uh at this current point so i'll be just blunt with you guys um crypto duck says elon is the the mcafee of 2020 2018 i feel like um in a way it is true like john mcafee uh he was a big name and in 2017 2018 he just started pumping shit coins right he just basically got paid by these coins and he just he would tweet them out and the coin would just explode in value uh because john mcafee did it a little bit elon a little bit like this but elon has a lot more weight to it too because elon is actually literally buying bitcoin and holding it it's a very different thing from just being paid to um to show something versus uh buying it with one of your billion dollar companies right that's that's a very it's a different story so or rather buying billions with your with your company or publicly listed company so um yeah that's a i think he's a he's a lot less than john mcafee i would um but there there are some vibes there especially with what he was doing with doge anyways um uh jackie t says to be honest dude this is elon's way uh to encourage green energy he's seen an opportunity to do so fair game uh cryptogram says elon can eat a big big big i'll leave it at that okay so um could this be manipulation as well i think um seacon um says he manipulated tesla stock in 2019 to drop so he can buy it could he be manipulating bitcoin's price so he can buy that too that's that could be possible um you know if his tweet was so powerful right if he his tweet literally sent you know immediately after the tweet uh we saw that he sent um bitcoin down two thousand dollars and then the aftermath after a few hours of that it was almost down what um let's see that's the dollar fair six six seven thousand dollars so that's a substantial amount so could he be manipulating bitcoin that could be possible i wouldn't put it out there um you know uh it could be he could proxy buy bitcoin that's very easy or he can buy personally um who knows who knows i mean yeah thank you so much for your donation angela awesome um awesome awesome um anyways i think that's too much um um okay we got a good question i think this is a good question to end the stream on so zach hartman so what's up michael do you think they can set off the bear market i'm afraid unhappy face um all right so first and foremost absolutely not so in terms of bitcoin in terms of the cycle um i've been showing you guys a lot for this this is the bitcoin rainbow chart you can see the cycles for bitcoin oh from 2012 till now i think we're in the middle of the cycle now and i don't think we're gonna drop right i don't think we're gonna go all the way down there uh what could be possible right is that right now we're dealing with the aftermath of this right we're dealing with the aftermath of two very big hits to the market one is that meme coins funny as they are have a lot of problems and people have been proved this has been proved to people right and also elon musk saying yeah bitcoin's not green you know we need green energy etc yeah it could send bitcoin down to maybe the hodl season uh maybe down here to 40k um it could continue but we did think this see very strong support so we'll have to see about that but i actually what um i actually say this what this actually does is that this actually makes the bitcoin bull market last longer i think this will be the actual effect of this so not financial advice of course but personally i enter bitcoin and ethereum in a very big way today like before the stream started i was just like market buy um there's just no reason not to at this current point right like this fud i think people are over valuating over over the i guess um putting value to elon musk's contribution to space he's not going to be the only one he's he identified the value in this space i don't think like i don't think he should you know be a flag holder for bitcoin and i think that you know this actually makes bitcoin stronger it actually it actually prolongs this bull run i'm not going to say this bulldog is going to last forever um i'm you know i know bitcoin enters these cycles right there's a bull bay bull and a bear cycle um that's pretty well established we're in the middle of a bull cycle and i don't think that this is going to stop bitcoin from going to the top right i don't think so i think there's a lot of institutions on the sidelines right now waiting for all this drama waiting for all these memes to clear up i mean if you think about it people who are investing for like 401ks um big funds they're not gonna touch shiba inu they're not gonna and and the more the meme coins there are the more scared big funds are about entering the space so having less impact for meme coins will mean that bigger institutional money will flow into the space that's just a fact right so i feel like this actually allows a lot of people who are on the fence to say yep okay look the the the insane amount of drama in the space is clearing up a little bit now you know people need to people who who are gambling the life savings on meme coins should reconsider what they're doing and uh that's that's good right that's that's kind of the message is being sent out right now not financial advice of course but you know this is this is what's happening right now so i actually feel like this is not the end um this actually like it would be the end if vitalik dumped everything everything went into zero like if bitcoin fell to 30k after this i would say yes i would be alarmed but the fact is that bitcoin actually picked itself right back up right so bitcoin after dipping after these weak hands just sold it immediately picked back up and this is a very strong positive signal so yeah i i totally don't give a crap about um this this actually so i would say this actually prolongs the market um this gives me an entry point too of everything that's going on and actually makes me happier it makes me a lot happier not to just search meme coins every day i feel like there was a point in my life honestly like this week i actually got quite upset over this where i'm like all i'm doing right now is looking at dog coins like talk about not intellectually challenged right like it's like holy crap like um i i feel much better to be honest i feel like now we can spend a little bit of time to look at what's creating value hopefully i'm not too hopeful too i think there's going to be just a next batch of meme coins coming up next week very likely i mean that's just how the market is right now but at least just slowing that down a little bit like you know calming it down a little bit that's kind of happens um crypto for laugh else's your kobe series saved my life thank you so much thank you so much i've covered that a lot especially from the scientific perspective i felt that was important and uh yeah i feel like you know this year i learned a lot about politics and everything going on i even saw um a a comment earlier um super negative comment they're like oh there's war there's depression there's negativity guys don't fall for this bounce you know this market's going to go down to zero i'm like everything that you said above actually emphasizes why we need crypto if there's war if countries are suspending let's say if there's like situations where and this is already happening i'm sure i'm not even sure if a lot of people notice but in china you literally cannot send more than fifty thousand dollars us out of the country right that's how the chinese currents um the chinese government controls the renminbi right it's called safe china um uh state uh safe um send out money so just search that up um um there's tons of like information about um these payments and bitcoin essentially broke that bitcoin allows countries to send currents uh to send value freely to each other or people in countries to send value freely to each other so you know these are big disruptors that are coming in and very necessary at a time of political uncertainty so yeah so everything that's said above there like bitcoin being a currency that's above the government right like i said this like literally a year ago and then now we kind of see the effect of that so anyways guys um best uh double error says we're half bull market right sir i do believe so all right i definitely do believe we're halfway through the um the bull market so we're halfway around the cycle i do believe we're gonna go up and this is why i still have a lot of positions and why i'm re-entering positions in the space is because what we saw in 2017 was that yes even halfway through the bear mark through the bull market the amount of price action just like flips up right it just goes bazonk right towards the end this is where the majority of my profits remain so towards the end it is extremely dangerous though i don't recommend this is not for everyone because you're kind of playing on the the knife's edge but at the same time it is the most profitable time too and you can definitely see that like if people like we definitely saw the bull market was coming and you know i've been talking about ethereum like for for for years now right but i just want to emphasize one point which is when i was making the videos on say the coronavirus series mini series um i was actually talking quite aggressively about eve right at that time you know eve hit a hundred something dollars odd dollars it was going up and people were starting to cash out they thought you know what this is this is the bull market coming right at that point at that point they thought oh that everything is happening here oh my god this is the bull market we should start cashing out but you know looking at that back now that would have been a bad decision right so it was one of the times when i just kind of said diamond hands you know i'm gonna hold on to this it's up 50 percent diamond hands this um now it's like four it's still 4 000 right almost a little bit a little bit shy of 4 000 but anyway so i feel like absolutely we're midway through i i definitely feel like we're midway through the bull market i don't think that there's this will be an endless perpetual bull market we all operate in cycles that's been the way crypto is operating but at the same time i feel like yeah there's plenty to go after this so anyways guys thank you guys for um this amazing live stream thank you guys all for watching remember to smash up those likes it really does help the channel grow and i hope this provided some information some ways for you to track wallets that you could be a little bit concerned about like say vitalik's wallet also just a little bit shout out if you guys um are concerned about the gas fees so the good thing about gas fees right now is that gas fees have dropped after the whole shiba inu's uh trading kind of stopped so a lot of people are rejoicing yesterday we saw guay prices at around 300 now it's literally half so it costs it costs 50 it doesn't cost 200 to do a transaction but um if you guys want free transactions um cow swap i was going to do a tutorial on this but uh i guess i don't have time but check out cow swap um there's an episode yesterday explaining it basically it operates on this um on merve essentially um so like it feels i'm showing this but i'm not i'm just literally sharing um as trading things so what cow swap does is it allows for transactions that don't cast gas so right now if you're you know trading a uni swap you'll probably be paying around 50 to 200 in gas fees and what cow swap allows you to do is it saves around 90 of that and the way it does this is because when you do the transaction uh it um tries to find another person uh that's trying to do the opposite trade to match it together so you can save up the gas costs so that's kind of the little tweak there there's a whole faq section this was like something shared by william so this is william from my channel um he shared this to me i didn't believe it at first but just read up on it it's kind of crazy but that's kind of how it saves up the gas costs um for people um it's not always better so if you just compare the prices um so there's some of the risks for using this so first of all um you can select any token or ava or whatever whatnot on this um check out the rates versus unit swap obviously and then obviously um it does take a little bit longer as well because when you submit the transaction they'll try to actually match you up with the opposite trade so it does take a little bit longer but you save up my gas fee so this is a pro tip if you guys are suffering like i am like the reason why i'm talking about it is because i was literally paying 200 and this literally saved me like 200 per transaction on cost so anyways um there we go um small time reef says if you were to guess the ball time ball mark ball park time frame for the peak slash end of the ball mark of what you would say you helped me a lot in 2017 run appreciate you so i did learn a lot from 2017 so uh this is in many ways why i monitor tick tock very aggressively so i monitor tick tock i monitor twitter i kind of see the tone so as iq in the space drops um as insanity increases and that's what we saw in 2017 right so we saw big connect right big connect being one of the biggest pyramids out there right when that kind of blew up when when that couldn't sustain itself anymore right obviously upon these can only last up to a certain amount of time and when that falls that will be the mark of the end of the bull market that's kind of like the trigger points right where none of this can sustain anymore so um currently i i initially um targeted two to three months for this cycle but if all right so this is where i can change my mind because obviously you kind of adapt your strategy depending on your read on the market so initially i was thinking like okay look we can probably reach uh reach this which is the maximum bubble territory all right reach to the top you know go to around 160 000 for bitcoin i was initially seeing around july right june july two to three months left it was too insane but because the brakes were slammed down a little bit and i can kind of anticipate that maybe in the next few weeks we could have a few drastic you know dips just because you know people right so i feel like um it could be a point where people actually have weak hands in the next few weeks if that's sold then i would say that the the maximum bubble territory will probably appear a little bit later so people like kind of we freak out here all the weeks hands sell off that will mean that we have a bit longer to go in the space so it really depends a lot on what kind of happens in the next few days and people how how kind of people react to these two events okay kind of take a gauge and how many weak hands there are how many strong hands there are the more weak hands there are in the space the more chance of a drastic you know bull run ending collapse like that so anyways i feel like um i will currently pin this roughly around august right now if you ask for my honest opinion right now i'll probably pin the peak to be around august and then yeah a pretty strong sell-off at this current point we have rob the bear coming in sir so he says sir and he smashes the bear uh we had a few discussions about this obviously bears versus the bulls but i feel like you know uh there were signs right like signs you want to watch out for are probably the best things to talk about so say for example pumps and dumps are one thing you want to watch out for and more importantly you know i was discussing doge price right what happened with the snl skit uh where people bought um all the way up to the snl skit and then sl skit happened and it sold right but one thing that i wanted to say and one one thing that made me very confident there right and why i feel like this run can last a little bit longer is because when the dumpage did happen it happened on the day off right i think that's quite important to emphasize as well it happened on a day off the snl skit rather than before so this is quite important i i made a whole episode on that last time so let me see if i can actually find the charts for you here um let me see if that works um all right uh where where where was my thing where was my where is my chart maybe i don't have it so i will have the apologies apologize for that but yeah i don't have it here but uh essentially my point was saying that uh the longer that the the the sooner people sell before the event happens so you know how snl was an event and um if there was a massive dumpage two to three days or four days before that then i would say that's closer to the end of the bull market that's when everyone's just gonna dump early um and everyone's just like trading because um just because they want to pump right not not because of fundamentals and that's when there's a lot of trouble so those would be the signs like if say like at a point you know remember back in the towards the end of the bull market when john mcafee tweets a coin and the coin would immediately dump in value right um fat would be a big telling sign so when when the announcement of the tweet comes out you know usually it goes up right it's supposed to go up but then it just went down so those were will be the times you know when you have to be very very careful so we're still a little bit way off maybe two or three months off depending on how things go so that's uh that's my tattoo sense so guys uh thank you so much for watching this episode make sure you guys smash up the likes make sure you guys click subscribe and click the notification bell because we do a lot of surprise live streams just like this