(Monday) Crypto and Bitcoin Livestream

and we are going live right now so welcome guys back to another episode of box mining live stream it is bright and early 11 a.m here in hong kong fresh new week fresh new action on bitcoin and ethereum and it's been an amazing week guys it's been i i'll definitely have to say so it's been super amazing we got bitcoin above sixty thousand dollars we are looking yet again at some new territory to uncover especially with the price of bitcoin moving up this way today we're going to look at what's happening on the news is a mixture of both good positive and negative as well i mean that's usually the case but this is going to lead to some positivity this week because i think there's a lot going on in the background that's really setting up for some major movements on bitcoin and just before we start you know kind of it's kind of funny right you you look at bloomberg nowadays i'm just going to make sure that where where's my where's my window here oh there you go so you look at bloomberg nowadays and obviously there's a lot of talk about cryptocurrencies you know technology bitcoin dips from after scaling sixty one thousand dollars aided by stimulus i mean crypto's next big thing what raises questions while the price surges i definitely see you know like every time i read traditional news right now mainstream media i definitely see there's a lot of salt you know there's a lot of salt going on you know there's a lot of jealousy here especially like you look at this topic you know bitcoin dips from record highs you know bitcoin's falling guides it's no longer sixty one thousand dollars i'm like come on come on if you look at where bitcoin has been going and the price charts of bitcoin is going we're we're really uncovering new territory right now and bloomberg's taking this like one to two percent dip and just trying to sprinkle some salt over crypto wells whilst they can i feel like that was kind of kind of humorous for me this morning so anyways i feel like that's kind of the mainstream topic and stuff up but we're gonna we're gonna correct that today in today's video i mean the reason why we do this channel the reason why we meet up and have discussions here is because we don't want to be our minds polluted by nonsense that comes out of mainstream media obviously there's a lot of jealousy right um and uh you definitely see it sprinkled everywhere um i just had this conversation over the weekend as well as i was speaking to my in-laws right so um you know there's definitely a little bit of like mixed like confusion right you know people have been investing in this space for a long time you know like um some people they just really wanted to bash bitcoin and it turns out that bitcoin bashers are really salty right now i think that's i don't know it's a little bit weird right but anyways um i'm glad it is the other thing i was discussing this weekend um that's kind of funny just to bring it up was that um you know they're saying um i got questioned for this right because recently bitcoin obviously exploded right 61 000 you could probably know i've been buying ever since the dip at 6 000 5 000 so it's been going super well right and uh um so my mom-in-law really said okay yo things should be easier now right like you know you made some really good gains you know congratulations um it should be less stressful for you now ironically no because even though you know i made these gains even though i can cash out like 10 percent and take my initial investment back it's actually a lot harder now because the amount of money i'm handling is larger right this means that it's very very easy to screw up i think this is something that's like facing a lot of people in crypto right now like one accidental click like this is why i almost never drink in the evenings anymore or any like i almost never drink at all because crypto is 24 hours right and if you accidentally misclick a button like sometimes you want you want to like buy bitcoin or buy ethereum and you accidentally misclick a cell or or like it like i'm sure we all had that instance before where you just confuse the buttons especially if the buttons aren't you know colored correctly like it happens or maybe if you want to set a limit order but it goes to market order and market fill and it's like it's so easy to screw up right now and i feel like i'm facing these like fears like my constant fear of just misclicking the button accidentally selling something but anyways i just kind of found that funny like the more you money you manage the more responsibility you have as well so anyways that's that's kind of there there so we'll talk about a lot of things today um we got a suggestion elijah cup um coop up today let's talk about the role hack yeah there were there were quite a few hacks it was quite unfortunate over the weekend i'm not gonna gloss over that it's quite detrimental but we'll talk about all that today um i'm gonna rage at that too because i feel like the tri-roll hack when i read about it and i saw it it was just like it was actually stupid it was actually to a point where like come on guys you could have designed this better you could have kept these keys better but anyways guys um um we got edit names this channel was my only source of info back when covid wasn't a thing in usa and we only had to learn from outside sources i hope i provided like we provided good information that was important like covid actually taught me a lot it's just cutting through the politics getting the real information and it's getting harder and harder to cut through politics now like we covered covid very early to see what was really happening obviously of course the narrative completely got changed because of politics you know politics not a big fan of politics but i'm not going to go too far but i feel like this is what we want to do in this channel cut through all the bs behind the politics behind the mainstream media fud and i just get to what is really happening so anyway guys if you like that sort of content make sure you stay tuned make sure you hit those likes it really does help this channel youtube really really like they really push those likes so um we really appreciate it if you just smash down those likes right now like don't delay smash them down right now now click those subscribe button click the uh notification bell that's a little bell on the corner there that will notify you when new live streams are up i've been doing a lot of live streams right now especially spontaneous live streams to cover main key events in the cryptocurrency space so make sure you smash those up and let's get started all right guys so starting off let's just take a very quick glance at the markets and then we'll take a look at the news so yes past seven days for bitcoin has been pretty amazing we're above sixty thousand dollars if it's nineteen hundred dollars almost hitting that two thousand dollar mark so yes that's in the past seven days we've been growing quite aggressively even binance coin number three coin cryptocurrency right now kind of that's kind of crazy right it was number 10 just like six seven months ago but it's number three right now we have binance coins sitting there even with some really strong gains so whilst the past 24 hours hasn't been too crazy for bitcoin itself there has been some let's take a little quick look at the charts right here so we have bitcoin itself it rallied past the previous resistance so we saw the last time it peaked right bitcoin peaked at fifty eight thousand dollars ish on the 21st of february but now we push past that right and it was a very rapid pusher once we hit that mark boom we push past that went all the way up to sixty one thousand dollars and now we're kind of consolidating a bit at around sixty thousand so we're not yet ready there we're not there to explore that new territory so once we pass this kind of resistance that we saw some people were expecting seventy five thousand dollars immediately but that didn't happen right so that's that's kind of what this week is setting up for that's what the bulls are setting up for this week to try to push to new ground right to a new all-time high and people are expecting around seventy thousand to seventy five thousand dollars all the bulls are looking to that territory to grow but we're not there yet we're not there yet so we're still we're still kind of consolidating here i can definitely see bloomberg a little bit salty oh my god um you know they're just wondering what's happening i think a lot of people a lot of boomers are just wondering not to not to not not to salt on boomers but boomers are just wondering when is this bubble going to end but it just doesn't end right like bitcoin just keeps going after you know 10 years we're still not dead so we're still not dead so that's where bitcoin is at so it's not completely rallying as of yet but there's definitely a lot of eyeballs on that right now um we definitely didn't see that in 2017 i feel like 2017 it was a lot of surprise but the eyeballs just weren't there yet now we also have ethereum so ethereum hasn't actually crossed new grounds yet so we saw the previous resistance for ethereum at twenty thousand dollars right so we're kind of continuously pushing up towards that we're going to see if that's going to hold us back this rally but yet again if ethereum does push beyond two thousand uh yet again we're probably looking at two thousand two hundred to two thousand three hundred for the next kind of push up so quite bullish um this look outlook right now and i'm definitely eyeing a lot you know these big coins the major cryptocurrencies they really dictate the pace of this market now right now we're still whilst the big coins are still kind of hanging there we're still we're seeing a lot of tremendous growth in the all-quiring space so we've got hollow moving up 74 percent harmony 60 percent engine still pushing up i mean crazy right this is crazy i mean engine something i was holding for a long time it had no activity for most of the last of defy summer right defy summer engine was just sitting at 30 cents right now it's like two dollars seventy and it's still pushing it's crazy i'm like i'm blown away every single day and we've got decentraland so all the nfts we also have wax also moving up nfts um that's like the hottest topic we got vechain also up there as well vechains are almost passing seven cents right now so if you're like a vechain hodler from the old days before the split that would be seven dollars three thirty cents right now on the old prices it's kind of crazy so definitely a lot of action you definitely see a lot of the asymmetry going on you know in terms of the decrease not that much decrease but massive gains in the top so you can you can see the asymmetry flowing in into the market right now everyone's eyeing the altcoins and there's a lot of discussion on that too right a lot of people are saying and rightfully so people who are used to all this action you know they want bitcoin to keep going but at the same time people are eyeing these alts because it's just like the shiny alts over the corner you know with these massive gains i do have to say one thing you know when we look at this obviously i look for the asymmetry in the altcoin space right so it's very easy to click you know the top 24 hours to see like rank what's gone up majorly what's gone down i usually eye this for the asymmetry in the market to see okay are there more gains than losers right to see where we are in the altcoin space whether we are pushing towards a bigger altcoin season or to a smaller altcoin season this is all but something like this is great for this indication but it's important to remember that this is also very dangerous as well because you also have survivor bias right you're like oh why didn't i get in like hollow why didn't i get in harmony why didn't i get in engine or decentral land or this it's very easy to say this but hindsight is always 2020 so always remember this so whilst i do this it's always important for myself like when i've talked to myself i always remember you know hindsight is always 2020 like these coins you know congratulations if i'm not in them congratulations if i'm in them uh gotta treat myself to a steak dinner sometime right that's that's the way it is lots of steak dinners i'm getting super fat but that's not the point right but it's not a point but it's very easy to have survivor bias and right now i'm holding a lot of altcoins i think right now i'm pushing to around 50 to 60 altcoins it's not it happens right it happens like you you see a lot of growth i have a more diverse portfolio this is why this channel is not um you know financial advice it doesn't what works for me doesn't work for everyone but because i'm holding a quite a quite a big altcoin portfolio i'm pretty ecstatic right now and generally speaking for myself i look a lot to see where the trend is going so yes the trend is definitely asymmetrical in that respect with the top 20 and even here on the top um top 200 you definitely see like massive growth yet ahead um here safe pal orbs quark chain moving up dodo vechain thor like vechain veto is moving up too it's crazy right and then we have made safe coin yeah like some moderate losses but overall seems a lot more asymmetrical asymmetrical than not at this current point so i'm pretty ecstatic um if you guys can tell but we got bernard mccarius commenting in he said i just had steak and potato tonight getting sleepy lol absolutely man i'm watching my health this time too um just total off topic you know congrats bernard i love steak and potato dinners i want to top that with a little bit of whiskey that would be a perfect evening for me but now whiskey's banned because no drinking uh way too much at crypto especially the shameful thing about me is at night this is when a lot of activity so because i'm in hong kong so at night is when the other side of the world wakes up and then there's a frantic motion of activity there so i always want to stay conscious i'm staying up later and later as well to 1 to 2 a.m and you never want like you want to be super focused at that time so it's always screwing on my sleep schedule but that's kind of what i'm going for and also trying to exercise just a little teeny weeny bit as well at this current time so anyways um uh spring duke says holy cow 50 holdings do you list them anywhere so i don't list them currently at this current point i am trying to clean up a list i do have like a partial list of what i'm holding um a lot of times i manage it by just looking at the exchange wallets and also zeryon so if you guys have zeryon wallet you can watch all your wallets there which is very very useful because you really want to know what's going on but um it to to be honest it's been pretty amazing like a lot of all coins have been hopping left right and center and it's it's this point where i think my old portfolio has massively performed and has been becoming larger and larger proportion of my overall portfolio as well and that's that's good and bad right it's very very volatile it screws up with your emotions but at the same time i'm happy that i managed to get in and uh not stick myself under my stiff self under a rock because i was very very close to be a maximalist at one point you know in 2017 i was so close i was like oh maybe maybe just ignore everything else but you know my gut instinct said otherwise and i'm happy i'm glad for it so anyways um rambling aside let's take a very quick look at the major news headlines today so yes we saw bloomberg throwing a little bit bit of salt on the nft craze i mean this crypto's next big thing raises prices while prices surge right so what is that big thing obviously it's non-fungible tokens this year this has been taking off like crazy last friday we talked about bpo which is a 69 million dollar art sale oh my mind is blown my mind is blown my mind like all right so a few things right a few things about nfts right obviously this market is heating up and obviously we've been exploring nfts for a long amount of time and something i learned about this is all about timing right this timing right now it's perfect some people are like oh why didn't you create nfts well i did like two years ago but it wasn't as hot then you know i should have a new series coming up of nfts it wasn't as hot then but now it's super hot for both art for video games for everything this is why something like engine is moving up like crazy wax also like so even these coins like um they're also aggressively moving up look at just look at engine in a past you know like engine is one of my solid bag holders holding holdings right um and just look at that it's being like continuously on the climb we also have wax there that's also pushing up very aggressive like it's to a point where sometimes you know i don't look at these um coins for a while because i know i'm hodling them for a long period of time but then yeah i go back i'm like oh my god this is insane so what's happening on the non-fungible tokens right now the biggest approach is off obviously with art right art everyone is starting to understand the art world is taking notice especially with a 69 million not thousand i was gonna put a thousand like 69 million dollar sale on christy's for those b-pulse and then we have like endless sales coming up like every single day almost i mean it's crazy it's crazy like i read twitter and sometimes i'm like these people are trading these crypto punks for like 230 ethereum like it blows my mind but some things to remember here um you know i'm very i was very skeptical about the art scene right with all these crypto arts and something that to remember is that there is a very very rich patron scene right this is saying that basically a lot of people who are in eve very early they hold a lot of eve and they want to hold the sentimental collectibles and trade them so this is something i'm taking some time to understand it's something that you know it really blows my mind because personally i'm so stingy right with my money so even if i make money in crypto i'm not gonna spend like more than a thousand dollars on art like i would say like thirty dollars was pushing it right if i'm gonna buy some like image and support some artist i will spend like 30 bucks all right like i'll be like you know 30 bucks that's that's roughly what i would pay to some guy like i kind of treated like all these art things like you go on a like you see street artists right and like the max i'll do is like 10 20 30 dollars i'm stingy i'm like i'm stingy all right i'm free to admit that and that's the max i pay and i get a physical piece of art for this digital art like they just scan an image on or just draw it on like freaking like like the the fact that the nine yen cat the first nine yen cat sold as an nft for more like i think it was like 600 thousand dollars right um that was what i was trading at that blows my mind i would never spend that much money but but but but but there are people who do right there are people who do so it's like like i'm having my kind of boomer moment right now where i'm like okay look that's i need to re-modify how i think about these nfts right like before i was thinking oh let's make everything cheap and affordable and you know to the right price point but that's not the way people want to operate people want like mega expensive mega rare make some noise have some emotional attachment and they're happy with it if they're happy you know i'll spend my time to understand why what makes them tick right that's kind of that's kind of my new objective nowadays with the nft scene so yes so this whole thing it like people are saying is true um turnips or tulips rather like the tulip craze um that's what they said well bitcoin but i would say here that nft scene is still relatively young and i think it's great that people are trading like this and something that we learned on friday too is a lot of the people who trade nfts they really love them and they also think in ethereum prices that's kind of interesting like a lot of the og ethereum speculators who are kind of all being very rich patreons for the scene right they're really supporting this we see and have interviews with people who are consistently every week buying new nfts right they're filling up their nft gallery they really love this they probably have like they're probably in the tens of thousands of eve holdings probably like you know like their eve holdings is pretty good but something that's interesting is they think in terms of eve not in terms of fiat right which is why when they speculate they spend like oh you know 200 eve on something and it's relatively fine but like from my understanding and this is my take on it i'm i'm not i'm not going to speculate on this but i'm going to watch the scene grow and i um i'm advising multiple projects that are both in the scene like say for example chain guardians they're there i'm speaking a lot to engine guys the folks there are trying to make sure that the gaming stuff is great and at least understand what they're doing i'm speaking i'm a lot to refine them so this is my like my understanding here i'm not a full speculator on nfts i don't think i'm as wealthy as that i don't think i can throw easily throw like 200 eve on an nft and and be happy with it but my take is like if i ever do have something with nfts right like i think my budget range will be around 30 something dollars if i have that emotional connection i think it'll be great um example of that of something that i did spend a little bit of money on was this thing and when it made the news someone shared it it was some crypto moon cats it was moon cats i mean let me just get this very quickly for you guys here um just an example of uh okay this one the ancient nft project called moon cats is eating up ethereum um so yeah so apparently um i was shared this this weekend you can discover these moon cats um and uh yeah so this was shared here i think it might be the case that it's out right now the mission was excess yeah so this was the max i did right this is the max i did for these nfts this weekend like there was a moon cat rescue someone shared this to me like okay you know what why not i'm gonna rescue a cat and i can rescue two cats over the weekend um yeah we'll see how it goes it costs around 30 that was around my budget range for that it made sense right 30 interactive smart contract i got a moon cat that's pretty much it for now but yeah that's around it that's around it that being said a lot last thing i want to say about nft news i've been contacted about nfts in china and asia as well by fm gallery so they're super hot it's super like nft space and nft collectible art is also super hot in china right now so fm gallery what they're doing is they're doing this new set of fragments of this new kind of art um they're a little bit pretentious in name all right so fm gallery what their token is called is the wa right which is the war hall war hall token ha ha i mean chinese love this by the way chinese love all these like kind of um famous western people and this kind of connotation to it but anyways this is heating up a lot i've been learning a lot more about that um that was that that's happening the art is actually quite good to be honest though to be to be honest like they're the genesis blind series or what they're doing uh yeah they're like i feel like this is the case where initially we saw art that was like you know it's it's digital it's punky it's quite nice it's quite fun but at the same time it's not the you know i think the the quality of art that's coming in so if you look at the art series there's a supreme release um dead seven deadly sins looks super cool i love cg right i love love cg and then um you got basically a representation of these beasts like this is like this is like art i appreciate all right i'm messed up in that way i messed up in that way but anyways um so yeah they're selling that very soon and they're doing that like they're really heating up in china so they want to do a shout out recently looking at the community as well full disclosure i'm looking to invest um into what they're doing um yeah it's been crazy i think that's the time all right um uh joseph saylor says charlie lee says the majority of the entities are not worth the price or the hype yet again like i said um i totally agree with that actually to be honest like there's a lot of people speculating and i don't know it depends on where this goes and depends on the mentality of people going into this i don't think i'm going to try to stop people because i feel like there's people who are very well off and they genuinely are interested in buying particular pieces of art and if you just look at my interview with the chain guardian folks and ido in particular he really likes it this is his passion he likes these collectibles um he's been collecting like comic books he's been collecting like watches he's been collecting stuff for ages and this is like the collector's dream right almost i won't say wet dream but yeah so the collector's dream because this is very easy to appraise very easy to find out how the quantities are in the world and very easy to verify authenticity right so these tribute these factors make it very very powerful is it really worth that price who knows it's like price is in the value of the holder and for me like i said i don't really speculate like like i said i mostly speculate i'm very cheap stuff i'm a cheapskate like i'm like a 30 person right i can speculate at 30 stuff i think i'll be emotionally happy if this thing goes to zero i'll be emotionally happy because it's 30 bucks i had my fun i had a little cat whatever if it goes up sure why not i'm happy but i'm definitely not like a million dollar speculator um on this stuff i think i'm um i don't know if i'll ever be like that but i definitely i definitely appreciate the number of you know art lovers out there i'd phrase it like that so um david cantoni says nfts are great for money laundry changed my mind i think on the discussion right so we've been discussing entities a lot i feel like i should answer this question as well i feel like initially we saw that a lot of there was a lot of dirty trading going on in the nft scene so we saw like these huge eath movements and people bidding on their own non-fungible tokens like people were caught for that and to just to bid up the price of something um i'm absolutely sure that happens right and some of it might be money laundering it might be the case where you know instead of instead of paying someone right for stuff you just buy their expensive art and that might be a way to launder money and absolutely that happens um it's unfortunate i think there will be better protocols in the future to prevent that from happening and i think it's a little bit better that it's done on the blockchain too because it's much more transparent and traceable i mean the same exact same thing happens with art as well um the art world that like the real fine art world is super dirty um you know they're all filled with rich rich very very rich patrons and uh there's definitely a lot of money laundering going on it just it's just dressed up a little bit better right you know it's christie's oh my god they don't launder money actually actually you know where do these rich patrons come from where were that's that's the unfortunate side effect of everything that deals with like these collectibles tradables um it's unfortunate um but is there value in it as well what people love to collect i think so um is there a lot of crap there too i think so absolutely and i think being on crypto and being on a blockchain is much more transparent which is actually better because if you want to do law enforcement if you want to enforce something at least you can track where the funds go and um that actually helps a little bit better so anyways um that's my two cents on this that's my two cents on there all right um uh chronic says i don't see the value of putting art on a token okay so you get a token but the art can be replicated with something as simple as a printer not even right it's like a screenshot like like like i was uh i'm famous for like not not famous right um i i i said that early on oh uh people are buying this art for sixty thousand dollars i could just download it screenshot on my phone instead of my wallpaper done deal right um there's a portion that i still feel like digital art shouldn't be worth and valued as much um because it's digital it's easy very easy to replicate but a lot of people love the the collecting aspect of that so it's like like i still feel that there needs to be a little bit extra in terms of digital art like making it part of a video game or integrating it into some form of fashion or some form of like extra things you can do with that digital art i think that is quite important to have make that distinction because it's not even a printer right um yeah you can just screenshot it it's free but to screenshot a piece of art so and you don't really get the the magic of it like for digital art like if you ever go to an art gallery like um you know in london there's the national gallery i've been there quite a few times um when you see art in real life it's very impactful because with oil painting it's very three-dimensional right um the way they painted and the way it's structured it's like every angle that you look at it's a little bit different with digital art you don't get any of that right with digital art um you know you see the prints the prints of these grand works these fine art masterpieces and they lose completely all the magic right the moment you see the mona lisa being reprinted it's different like you know like not to show the mona lisa too much but apparently every angle that you see the mona lisa at you know if you're surrounding the mona lisa you look at it from the right look at it from the left look at it from the top up below it gives a different impression and there's a sort of magic to it but you can't really replicate that with say a reprint so i feel like there's there's definitely some stuff missing there so in that nfc scene i know this is heating up a lot but you need to have some sort of extra value so yes um people are talking about something like terra nova they're trying to add it to say a virtual environment where it can like you know be surrounded by your nfts i guess you know some people love that you know in a virtual world you know you can just browse all your nfts i don't know um that's not for me but it's for some people but i think it's taking it to the next level and i think that's quite important like there must be some way to take it to the next level and that's quite important uh what is up with the spam by bots thing again um yeah there's a lot of apparently a lot of spam so thank you mods i've been seeing a lot of what is it um there's been quite a bit of spam here but anyways um let's move on let's move on to what's happening on the news side we probably finished one of the biggest discussions on nfts but anyways yeah that's pretty much spark bar this article um we also have the binance um stuff so over the week there were a few articles that came out to say that binance is on under investigation for aml kyc practices and perhaps taking on american customers so this is actually quite interesting because now we have this huge discrepancy in the news right so we have um some news articles pointing to this as that that that binance is under investigation but cz came out to say there is no teeth right he also alleged that there could be self-perceived for competitors that might bribe or press pressure journalists to publish stories heavily on allegations and short on content i love the i love that sprinkling there so what's happening right now so definitely regulation space is very murky right now especially in the crypto scene we saw like say tether was under investigation and they were fined by the new york attorney general we definitely see that crypto is moving into a new space and more and more as more people pay attention more and more regulators are going to come this way this also leads to a lot of murky journalism of where we don't see what's happening we don't really have the full story it might be the case that it is true right who knows right cc might also be you know you know like everyone is having their own version of what's happening right their own own interpretation right whether it's journalists what is competitors whether it's finance the way i see it right now is that it's extremely murky it is extremely murky and it's very hard to really get a feel what's what's happening so you get these huge shifts in mentality of like people being super bullish on say a particular project and a super bearish right so let's take for a case of binance people would who are very deep into binance will believe that this is all bogus set up by competitor whereas others will be who are quite bearish on binance will think okay they're going to be under investigation be very careful etc uh for me personally i kind of take the middle road i kind of say look you know i understand that right now the scene is very murky and it's going to swing both ways so i'm kind of like anticipating for it i do hold bnb you guys probably know it's one of my medium bags and it's it's a situation here where i'm kind of prepared for both sides right if the flood really grows i'm ready for that flood too i'm not going to get freaked out if the bullishness comes like later on you know nothing happens you know i'm prepared to that's kind of my mentality it's kind of being being ready mentally prepared for both because for me i've seen myself freak out sometimes when i see a piece of news right which it's like oh my god this is a new rumor india's gonna ban crypto and then oh my god people freak out like here it's like understanding that the news can swing in both directions especially with so much murkiness that's going on um yeah that's kind of the way the only way to take crypto at its current point all right next up we got spf sam beckman freed ftx to purchase miami heats uh arena naming rights um so yes it's gonna be the ftx arena so we saw registration for ftx arena coming soon they might stick their names on it this might be quite interesting because like you can definitely see these these things are relatively cheap to be honest right um like american airlines previously paid two million a year to sponsor the arena it's not expensive huh that's not expensive like like how much does ftx make like they probably make that per hour right it's not very expensive at all so um i found that kind of interesting i think that's that's gonna happen this is gonna be like the newest trend like ftx probably is gonna start they're starting this but i can definitely see like binance pushing forward and just naming sports stadiums after themselves you know i can see coinbase you know coinbase is launching their ipo they need some of that right if it's only two million dollars right you know like i maybe there's some regulation in between but if it's only two million dollars i can see every exchange renaming every single arena in the states that's probably the case or maybe around the world that's that's gonna be quite funny right but yeah we also have this piece of news reported volume top korean crypto exchanges surpasses that of the country's stock market i think this happened in 2017 as well but it's back guys it is back where crypto volume in south korea is greater than the stock exchange it's just like stock exchange boring equity boring crypto that's cool that's cool that's cool more more volume there that fever is coming back obviously in south korea was kind of interesting right they got really burnt in 2017 so they were very apprehensive of crypto right so during the d5 summer korea was not into this at all like i was talking to koreans and they're like cut it out bro cut it out crypto not cool not cool but now it seems like the volume is on the rise again that fever is coming back so yeah expecting to see some south korean action i mean that powered like a lot of 2017's run all right um this is one of the big things that people wanted to talk about um social tokens crash after we put a hack on roe wallet all right so like various cryptocurrencies just got obliterated uh one of the communities that i was in so i was in karma doubt so i'm still in karma doubt right so karma doubt was one of the early information sources for me so i'm very thankful that i was able to join the group um karma was quite expensive to join back in the day you needed 200 karma which was around ten dollars each right so back in the day it would cost like what two thousand dollars to just join that group and to be able to be part of that community so it was very expensive um you know to join it so you have to hold buy and hold this karma into your wallet if you had less than 200 karma you get kicked out um but yeah so that's not good the karma price is just all got obliterated um am i salty a little bit all right a little bit i you know obviously um i joined the group i got my information so i'm happy that i had the information i had i'm still in the group i'm still getting information but seeing this get obliterated is obviously crazy right it's that's that's that's insane that's this is like a um direct to zero sort of thing so why did this happen why why did this happen because well karma doubt and a lot of these um social networks they were using something called try roll and try roll took on a huge hack so this happened to whale this happened to rare to pika um so what happened so what happened so there was a big dump all right so someone that because i was using this underlying service called try roll um the creators of try roll had someone breach the private keys this yet again baffles me as to why this happened or why the security was so weak but because they had the ability there they had this master private key that was able to uh change a lot of what's happening on the network apparently that caused a major dump so i don't know what to say i don't know what to say i mean like why did try roll has so much power i don't really understand like it's a situation where like i'm a little bit baffled as to i even when i tweeted about this i'm like i'm a little bit baffled i got as a kind of a semi-victim of this of what's going on because i was in karma right i'm like i don't i don't see why there was a central point of failure right um i don't understand why this was a case um it definitely affected a lot of people um so i don't know how to handle it either i mean obviously people are are in this um the update on this um from try roll is that they're going to try to recover what's happening they're also have setting up side half a million dollars to try to help all these communities but i think it really does go to show that i think it's just design it's just very flawed design that happens and i don't know it's just it just makes me sad it's quite an amateur mistake i would say ah anyways anyways i don't know i don't know i don't you guys tell me you guys tell me um we got a comment from mickey habels says happy changes the hack and scam game obviously i think like this is yet again a situation where i'm extremely happy to be like to understand what's happening with cyber security i think a lot of people are slowly understanding the power and the necessity of um of cyber security but yeah yeah oof oof oof i just feel the pain man i just feel the pain like why wasn't this a little bit better managed i don't understand but anyways let me let me just give you the full tweet about that too so uh role or try role um they're the infrastructure that was possible so they said early today our private keys to our hot wallets were compromised we're investigating with our infrastructure providers security engineers and law enforcement were putting together a 500 000 dollar fund yeah again i don't understand why this happened first like why was it engineered so poorly um like it's these are the setbacks that would cost us right these are setbacks that will cost this whole entire community and hopefully you know hopefully not bad anyways um tell me if you guys are affected by this um i i definitely lost value in karma like i'm definitely hit by this it's not the biggest thing in the world like i said i for me the way i took karma was that i wasn't speculating a coin i just went there i i bought 200 i'm in the chat um i got my value out of it i got my two thousand dollars worth of value and information sharing but um you know you know um yeah yeah yeah yeah yeah yeah all right we got next up lawmakers signed a petition for legal changes that will allow francis central bank to buy bitcoin this is interesting this is interesting everyone's buying bitcoin now right everyone is holding bitcoin this is something that i think would be like a dream like it would be like a paper like a pipe dream back in 2017 but you know now it's happening so this is how this partition has 222 signers that will allow a change for a central bank to buy i don't think it's yet early i think this wave it's unlikely that the banks would buy crypto i think companies that was the one that we're focused on so we saw like elon musk tesla bought we saw made to show show made to show show is one of the biggest kind of media apps social media apps in china it's a wonder what people make themselves look better um they've also have a position bitcoin so large companies large public companies buying bitcoin that's the trend for this year banks maybe maybe i think not there yet because they're so conservative and you know you know how banks work they're super conservative but i definitely see that coming i definitely see that coming eventually i think that's gonna be the the power of that coming up all right so that's kind of wrapping up for news we have some news on the launchpad side so we have polka foundry they're doing a launch on both duck dow and mantra dow so this is also another project that i've been following right now in terms of duck starter so you can actually register for um these white lists right now on tuck starter so duck starter you have leprecoin polka foundry and cash tech if you're interested in polka foundry what it is is that polka foundry is a framework that allows people to start building on polka dot the reason why i'm following it is because something like this is quite critical for the ecosystem in the future um reason why is because all these platforms they provide a way for programmers to program and create projects but what's kind of necessary is infrastructure as well so say for example how to have an id digital identity how to safeguard documents how to do a chain relay cross chain so what polka foundry offers is it offers a tool set for developers to build this is kind of like this sdks for developing stuff or people have been naming it different things right the way these smart contract platform works is that they they're just like a blank piece of paper but developers are developing more and more tools and they call it different things i've seen people call it the operating system for developers or the sdk for developers same thing all is just that they all provide these services that people can plug in and it becomes much easier to develop new contracts so they don't have to reinvent the wheel so to say speak so polka foundry is something like that it's it provides the tools necessary for the developers or it just makes their lives a lot easier that's kind of probably a little bit easier to say this makes a lot of life a lot easier so that's launching on polka that's lucky launching a duck starter coming soon so that's uh very very soon um so that's what i'm paying attention to this week as well i'm also paying attention to what's happening on polka starter but blockchain cuties is going to happen in around 10 hours konomi a lot of people are showing me this like aggressively oh like they're like this is the most legit thing in the world uh yeah so they've been showing me that um endlessly odds shift and convergence all coming on polka starter so a lot of these things like i've i've definitely say you know with these launch pads with these starting things this is obviously very very early stage into these projects some might work some might not you know um just be very very careful also trust swap launch pad is coming up there is more flash launch coming for cell frame and a lot more like the there's a lot more coming on the trust swap launch pad as well so yeah yeah um so yeah that's kind of the take on it like it is very early stage it's extremely like volatile space but like i'm looking quite aggressively in the altcoin space as well um and it kind of just fits the story so anyways um not your financial advisor going for it so anyways um i have a few questions here um rajas is michael are you still farming goose finance so goose finance is a bsc farm it was it was one of the best farms it had like a thousand something percent annual percentage yield but excuse me excuse me excuse me big big cough here i hope that guy didn't blow that that did not blow out your ears hopefully hopefully hopefully hopefully so but i just realized something i just realized something um was it the case that this screen was all like stretched huh huh anyway sorry apologies for that guys i caught um i correct apologies apologies for that so all right all right so yeah so goose had some really good yields right so it had i mean it's still all right it's like a hundred percent on some of these yield um things um it's right now it's fallen like busd wbmb a hundred percent it's still a lot but it's fallen from the one thousand percent days uh to say the least so the question was am i still farming yes um a few things happened with groups they introduced something called layered farming which is something that i got totally wrecked on so layer farming just farming for the sake of farming and i've kind of said to my group you know this is the stupidest thing i've ever seen because like it's creating a new coin but there's no value to the coin the coin is just there for farming but the the way farming works is that farming needs to bring some value to the new currency that's creating right otherwise it's just a giant pyramid scheme otherwise if there's no value it kind of sucks um goose layer one kind of worked out like people were really hyping up for it people just didn't care they went into it anyways uh layer two came out and i i did try a bit so i did farm it a little bit it had a four percent deposit fee and i was like why not four percent it's not that much and the apys were pretty amazing but it was a case where the apis very very quickly fell from a thousand to around right now like 70 something percent which means it's not much better than the actual goose itself it's like yeah it's it's like goose part layer two is farming and i feel like i feel like my take with this layer farming thing is that doesn't really create external value that doesn't fulfill that criteria so i didn't spy the coins that's definitely something i do not do and i also farmed it but the i don't think i'll actually make back the the deposit fee the four percent deposit fee i don't think i'll make it back and i i was lucky i didn't go all in i think that's good but it was one of those situations where that that that um that apy dropped so fast and yet again i think like a lot of people they they know me as a farmer um i've been yield farming quite a bit and as a yield farmer i think i kind of feel like the this current season is coming to an end like this also happened during d5 summer um where last summer you know yield farming was hot you got like the first one was wi-fi that came out you know wi-fi now is a billion dollar market cap coin right so um yeah so initially there was a high value you know cream could be farmed wi-fi could be farmed um there were quite a few projects that were out there um that became you know these massive titans of d5 today but towards the middle of that there were a bunch of things like yam there were like you know and noodle and i don't know what else like those food things right like a bunch of these food things or whatever like um so they're they're all being farmed and i feel like this is the same thing repeating itself like history repeats itself on binance smart chain so there's a lot of farms and we have to see if farms bring value or not right so like um i know the people from goose defy are in my chat and i've been pushing them like if if i have to say anything to them i was like just bring value like that's a key thing right now bring value onto the blockchain whether it's doing something powerful doing something like you have to bring some sort of value otherwise it's nothing right otherwise it's just just speculation for the sake of speculation right so i feel like that's kind of the objective for all these yield farms right now but definitely right now like um over the past few weeks we definitely saw quite a few um yield farms come and go say for example like viking or taco or you uh was it yoda uh ufo i don't know like cow i don't know there's like a bunch that went on and um you know i think it's too much too quick um markets becoming much more rational now and uh it's a situation because because there are so many rug polls like last two weeks i kind of really decreased the amount of farming i did right because there were like these outright scams uh meerkat is one of them like i saw the i saw the way meerkat scammed people and i was like you know what this is the cue to dial down on everything right this is this is definitely the cue uh meerkat the way they scan people was that they were able to um hide a zero or rather yeah hide a zero um as an o right so it's like a it's like a very tiny swap that they did like a very tiny change they made a intentional typo where instead of saying admin slot they changed the o in slot to a zero which allowed them to hide a back door i mean that's like such such a powerful trick because anyone who's auditing or very quickly glancing through they wouldn't spot that change right zero and oh looks very similar uh when you when you type it out especially if your font is not very clear and by hiding that this way i felt like it was very hard for anyone to be able to make sure ensure their own safety so that was my kind of cue to decrease the aggression on farming so yeah that's my my take on it like you know these things come and go and um last time was the exact same thing you know like when things get scammy you just like don't do it right so that's my take um stephan molly memes is the way to scam people i'm taking notes it's like like some developers are so unscrupulous um it's kind of unfortunate and uh uh yeah so right now i think there are some new projects i've been a lot less aggressive like i like i like you probably understand i know like these two weekends i've been a little bit less aggressive that's usually my farming weekend if like if something goes crazy i usually spend the weekend trying to farm new projects i didn't so these few weeks i've been playing it a lot less aggressive i feel like you know the the the the um the risks are growing and the rewards are decreasing so that's my two cents um engine coin popping off man says danny d man engine is just crazy engine is just like unbelievable like i'm so through the roof because like yeah i've been holding on to engine for a long time you guys it's like kind of my baby right like it's one of the first projects i really got into and you know like it was one that i did a deep dive on like i went before in 2017 i was like i'm gonna deep dive on one project and that was kind of it like engine was the one you know i've been to gdc to see what they're doing i pretty much tried to meet up their founders to see if they're legit or not i did so much work on that i to make sure that i was safe and um it's a situation where last defi summer they didn't really really move at all and i was a little bit sad right to see like they did so much hard work why they're not moving and suddenly they're having the success and i feel like i'm i'm extremely excited obviously of course you know i hold engine i'm gonna be biased right now but yeah two dollars eighty cents is just insane like this ride the last week you know in the in in a week's time was a dollar 67 to like two dollars eighty and in the last 30 days it was like what like 50 cents to two dollars it's been pretty crazy it's been a pretty crazy ride so yeah um danny easy is any price predictions i don't usually do price predictions like for me you guys know like um the way i work is that i do a lot of research and i decide how long i want to hodl it for and then it's a situation that really did pay off for me um but i don't like this type of short-term speculation i feel like especially for these things they only it really confuses the message i think they're doing a lot of work for it they're doing super good but yet again short-term price speculation not my cup of tea it's so speculative depending on who is coming in speculating it's very very hard and sometimes because the price movements are so crazy who knows what's going to happen next right so this is why not financial advice i'd never get financial advice on this channel for me like i just like i decide what's my medium hodl what's my like what's my long-term long long-term hodl you know you guys know bitcoin ethereum v chain in my long-term hodl which is very seldomly touch that like i have these like kind of um buckets right like the way i work is i have these buckets in my mind like these almost segregated like um pillars right so i have a pillar for say the bitcoin um ethereum and v chain that's my long term i got my medium term we got bnb in there we got utrust we got swissborg we got engine in there um it's been doing super well but like all of them are doing like like it's astonishing right like my medium bags are just popping right and um that's been doing super well then i have like a big bag of alts like all the outs out there it makes a lot of sense that's everything's going on so yeah so um that's kind of how i frame it so i i have like different compartments i have different mentalities so i'm glad that they're having that success so yeah anyways guys thank you for watching today uh stefan says it's 5x in a month pretty nice but it's not for me it wasn't for a month it was for a much longer period and so it eventually worked out for me but yet again it's like some sometimes a lot of people they get into positions very quickly and they will manage to flip it 5x 10x and they brag about it but remember there's also a lot of survivor bias because if people start losing all right they never talk about it so you have a scenario in the altcoin space where everyone's just bragging about their major gains um sick gains you know 10x thing every day but just remember that there's a lot of survivor bias the people who are talking the loudest are the winners and the losers will never speak right they will you'll never hear a whimper um from them so just be very cautious of that um if you're interacting with people i think that's that's quite key like that's that survivor bias is super super key on that so guys thank you guys uh uh so much for watching like um today thank you guys we've got bob blazer says thank you michael thank you guys all for tuning in uh um smart art coin says i bought engine back in the day from your show liked it hodl it through the bear market happy now thumbs up congrats man congrats congrats so yeah guys that's pretty much it for two days i have a show i definitely hope you guys can tune in um this week i might not do the wednesday show i think of this this uh not the show on wednesday i think that's um i'm trying to work a little bit more this week on some other videos are not live streams because i kind of noticing i'm a little bit weak on that front so very likely if there's time i'll do a spontaneous live stream this week and if not if i don't do a spontaneous live stream it will be on friday right friday will be the next live stream for us here to meet back together um if you guys like today's stream if you guys are grateful please do smash up the like button it really does help like you don't have to donate you don't have to do anything thank you for all the donations thank you for all the members but if you guys are here i want to treat everyone equal here right now like it makes the most sense guys smash up those like button it's absolutely free destroy it if you can and we'll see each other next lesson we're gonna have some more uh we got robert cases your podcasts are awesome i'm gonna try to do more podcasts i'm gonna try to do more interviews i'm trying to do a lot more this week so yeah um also we have a special live stream on friday as well like a second live stream it's gonna be something really cool happening in hong kong really major prime location chum cha chui like you guys probably know it it's where all the tourists go when there are tourists of course but it's one of the major districts in um in hong kong something super cool is happening there so i'll meet you guys and there as well i'll be doing a live there so that's on friday so friday two live streams we're going to see each other a lot um it's gonna be super super fun i'll see you guys soon and peace i'll take the time now to tell you a little bit about everything that's happening in the box mining ecosystem first and foremost if you guys like listening to all that's happening in crypto on the go then i would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have long interview segments very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto a playlist and i just follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video also before before we head out i have a pro tip for you guys so um i just recently got this uh this is super cool this is a the new newest drone from dji you guys you guys probably know i love drones um just got the fpv drone um all right so this is like the the latest hottest thing in the drone world right but when you fly it you'll know that it's super dangerous right these things go up to like 120 kilometers per hour they're not toys like they might look like a toy that you buy someone they're not like these are these are like serious serious flying machines right they're very fast they're very agile they can do flips and all that stuff so um recently if you guys are into fpv into drones this drone pretty amazing but if you want to get to know the hobby a bit i would definitely suggest something smaller um like these things you'll do far less damage if you actually fly one of these and just hit a tree or something like that you know you don't want to hit ever ever hit people but with these small ones it's much much easier to control so recently i've been like just kind of relearning and um going back like like that's kind of how i work right like i realize how powerful this is and i'm like okay you know what i'm gonna practice on this small one first so that's kind of how i'm doing anyways that's that's my side hobbies for you right now that's like it's kind of what i'm occupying my weekends with i'm just trying to learn how to fly these things a little bit more it takes a little bit of time but you know that's that's kind of always how it goes right so anyways that's my side thing non-crypto related to show at the end of the video but small drone small drone good large drone super good but definitely not a toy so i guess i guess that's my drone adventures this weekend for you guys so anyways that was kind of fun um and with that guys thank you so much um i want to see a drone fpv tour of gv that would be fun that would be fun just fly that drone through it that would be super fun um but yeah once i'm good enough man i'm like i'm training those skills i'm like i'm honing down those skills and just like like i have a bunch of batteries for this like there's a problem with fpv right you like you just have to buy a bunch of batteries i'm like i'm that guy i'm that guy with a bunch of batteries and a bunch of like weird things i'm that guy sucks all right cool