Bitcoin and Cryptocurrency Update

live stream and i'm just gonna wait for that confirmation that we're live from youtube before we get started today's we're in excellent condition and we're good to go so guys welcome back to another episode of the box mining live stream where we take a look at what's happening in the cryptocurrency space well while bitcoin itself hasn't been moving that much this week the altcoin space has been going like wildfire we've been experiencing levels of euphorism as if it's like 2017 all over again and there is so much going on in the altcoin space that we're going to touch and look upon today but also one of the major topics i do want to discuss in this episode is over hyping because this is something that does really much happen in the crypto space and one of the videos that did go viral over the weekend was related to cardano cardano had a video or just a video featuring some chinese scammers promoting cardano and we'll take a look at that video and explain what's going on why these chinese scammers are really targeting rich farmers like the whole thing i'll explain why rich farmers are our thing in china and why these people are being scammed right now because they're really being kind of pushing these coins as if it's the next birth of bayju jesus or something but at the same time we here understand the risk and i think that's the biggest difference between us obviously with these videos that are going viral um the cardano community already kind of distanced themselves from it and said you know that's that's not what they're promoting that's not what it's about so it's very clear it's not targeting cardano but i'm just using this as a reference to tell you guys a little bit of what's going on and let me give you guys a sneak peek of that too whilst to make things more clear so uh let's see if this works so that was kind of these farmers here you can see a picture of charles hoskinson there all these farmers and i'll explain to you why these guys have a lot of money why they're getting scammed and a little bit about what's happening in china as well we're going to also take a major look at the chinese hype too so yes last episode i was talking about how china right now has a huge hype for cryptocurrencies but what's trending in the chinese scene and what they're talking about is very very different from what we're talking about over here and i'll just go over the article that i wrote on boxmoney.com i think it's very very cool for us to at the very least discuss then we'll cover a lot of the cryptocurrency related news in this episode as well and before we start let me tell you a little bit about my podcast i'm glad to announce that bitcoin out of the box which is my podcast featuring some of the latest news and developments in crypto is currently being announced and released this week now with this you can listen to a lot of these interviews on the go especially if you're in a car or if you're going out for a run this is a great way to catch up with what's happening in the cryptocurrency space now with season three i wanted to make this a lot more informative about how people's moods and attitudes affect this space so the first episode we got sash gupta from all coin buzz he's a founder and creator from all coin buzz and in the second episode we got elron ceo benjamin and he's talking about scaling and sharding in blockchains i hope you guys can check it out it's available on apple podcast google podcast spotify everything and i hope you guys can check it out all right thanks for going for that guy so we have lots going on the podcast this week as well i'm planning quite a few interviews for the podcast really excited for that so make sure you keep it up it is on spotify and itunes i'll drop a link down below too i think it's it should be on the link somewhere if not check out the anchor link as the it has a link for everything here i do i didn't notice of course just popping up on my screen right now that apparently um this stream is lagging a little bit for some people so tell me on the live chat if the stream is lagging for you guys i'm streaming 4k again so you know hopefully everything goes well if not then oops um big shout outs to everyone on up on appearing online we've got across canada angela wang gnome party wendell bitcoin and the bitcoin and crypto podcast that's jeff welcome jeff we got bernard mercarius he said it was a little bit sick today and he's still coming on the stream so massive kudos just to support this channel man i feel so happy dude like um bernard thank you for coming up so guys thank you guys so much for tuning in this has been a really great i mean every monday morning i come in i'm like oh i'm so tired to have to do this and then after the stream i'm so pumped so energetic because of you guys and just really really big thank you and if you guys really want to support the stream as well as in fact you do support click the like button down below it really helps with the youtube algorithm it's it's a thing that youtubers have to say all the day apparently it's we're at the mercy of the youtube but yeah support the stream smash up that like button and big thank you to all the members as well of this channel who make this happen so let's go straight and jump into what is happening on the cryptocurrency markets over here let's take a look at the gecko the coin gecko you know something that i really get used to getting used to now is just looking at the 24 hour and a seven day change and you can see immediately that 24 hours and even the past seven days bitcoin has not moved at all it's it's been pretty darn stagnant and you can see that literally for ethereum and bitcoin they're carbon copies of each other in fact with bitcoin cash too and like when you can recognize that pattern everywhere so recently we haven't really moved that much in fact the whole market is pretty much in terms of the big top cap cryptocurrencies they're pretty much at a standstill and in many ways this is something that's not expected by the ta guy so ta if you're looking at it we were kind of worried about major movements breakouts either way but bitcoin itself has just came out and just said you know what kids i'm just gonna sit here and chill so i mean in terms of the charts we've drawn a long time ago this is something that we've drawn around two weeks ago and it's moving within this channel and i'm just deciding you know what i'm gonna stay around here i'm gonna stay around here you know i'm not really gonna break below this there was fear there's multiple points at which people were trying to cause fear to say oh look if we do move be below the support here and which we actually did if we do move below the support you can see these little spikes down too so just dropping below 9000 boom dropping over 5,000 scared you scared you drop below 9,000 again scared you again if that was happening then there was a potential it can drop to earlier supports of 7,000 or 6,000 that was a fear going forward that was why everyone's like oh talk to people about the cliff bucks you gotta warn people about this cliff it's coming guys plus token is dumping we got people coming into our telegram just trying to cause as much fear as possible possibly i don't know if there's malicious reasons behind it but that was the case happening and then of course we have the breakout people as well so it's like we have the reverse the breakout people oh my god if it breaks above 9,600 it's gonna bomb right now bitcoin decided you know what none of that nope nope nope nope nope nope nope so it's just it's just staying steady and i think that's actually good um it actually makes people kind of chill calm down a bit a little bit reduce the amount of speculation and overall that the the amount of leverage on bitcoin that's going down because activity obviously is going down but that being said of course the altcoin space has exploded in the meantime if you look at seven days v chain took 75 percent for a top 20 coin that is a huge amount even even a 20 plus 24 hours it's like crazy like these these crazy insane bursts of momentum here and something i do want to say just on a note of v chain you know i've been following this coin for such a long time it's one of my portfolio coins in my hodl and man we've been through a lot um you know i'm not one of those guys who shout oh my god it's going like crazy everyone buy it no that's not me but i just want to just relay some experience man going through that period when there was a lot of fear and certain doubt especially caused potentially by certain members of community calling v chain a scam and saying oh my god box why are you associated with that and even just like holding through that time understanding what they were doing is important that was rough man that was a rough period of time and it's good to see them getting some final recognitions finally so i think that's that's good especially when people using price as an indicator of performance that's always hard kusama is always also up there as well and top performers i'll talk a little bit about kusama as well because it's related to the china hype article that i'll talk about so it is related to polka dot and it's been really hyped up recently uh and i explained to you why that that's happening we are kyber is a defy synthetics defy bancor defy thor chain defy loop ring defy buy tom not defy elrond smart contract platform we talked about cardano smart contract platform so icon smart contract so yeah defy smart contract platforms they're performing crazy amounts and they're they're kind of using that time i think we're entering that new phase where because bitcoin is not moving a lot i've talked about this the theory behind it is because bitcoin isn't moving too much the altcoins come out to play that's when a lot of people they're in the spirit of especially if they had gains i talked about this behavior too where there could be very much a gambling side to it you know just bet on the biggest altcoin a lot of people think that this is like like if you're brave enough to bear altcoins it's not about being brave there's nothing brave about like a lot of the mentality going in but i think it's always what does rule out is if you just gamble blindly it's it could lead to disastrous results and this is where you know why we have to say this is not financial advice because some people put their life savings on just one coin without having a balanced portfolio that doesn't make sense for me obviously my personal strategy has always been to have a portfolio that is hodl i don't touch and then if i ever feel the inclination to go and have degenerate gambling that is when i make that a very controlled amount and then you know then whatever right you you go you know if it's just a few hundred bucks you know just treat it as a trip to a casino or something like that that's the way to do it but you must make sure your mentality is very clear and you never mix and match these two and that's that's my two cents going forward um okay so that's kind of the case right now defy is extremely hot right now um in this current space anything with the defy tag associated to it people just flock to naturally and this is where i kind of segue to what's happening in china because they're experiencing something very different so this is this really this article that i wrote um it's unboxmoney.com i'll send it right here um it really came up after talking to a few friends that are involved the chinese cryptocurrency investing scene so they're deep into that scene they're in multiple wechat groups wechat is how people communicate they don't use telegram there because you have to cross the border and then they they show what was happening and let me just show you that video again because china has a very different style and very clearly you know with this this these farmers here let me turn on the volume two all right so that's kind of the style people preaching um people pushing very very aggressively especially to communities that are loaded with money but don't have much knowledge of how to invest properly and this is a very very big problem in china a lot of people don't realize this but what's happening is that farmers right they have land and what does china need the government needs a lot of land to develop new roads to develop new cities to develop new areas and they need to buy off the farmers and this is why farmers are extremely rich there's like a new class of nouveau riche elite farmers that got paid millions of dollars for little plots of land they have but the government really wants and this is why they're super super rich and you can see like they're minorly flexing with the nice cars look at how shiny those cars are right look at how broken these roads are and look at how shiny those cars are it's obviously super trying to flex they they wash that car like every few hours they have like people to wash it for them they have a lot of cash and they got it from the government and this is also explains why malls in like paris like big high-end luxury malls there's like flocks of chinese people are very rudely behaved they're chinese farmers they're just they're there to flash their cash they're there to they're nouveau rich they just got a lot of money they want to buy that gucci lv whatever brand that is why and even in the states and everywhere you can see like every luxury mall is filled with rich farmers and then there's also why they get educated in situations like this where very people who are very smart they decide you know what they'll either push something like lust token so a scam or push real tokens they'll be brokers for them and make money on a side like say for example a farmer wants to buy a million dollars worth of x coin they can make a five ten percent spread on the coin prices they can try to price it up somehow especially because it's extremely hard to obtain cryptocurrencies in china via the normal methods i mean remember exchanges are banned yeah um it's all peer-to-peer peer-to-peer fees are high and this is what's happening so this is not targeting cardano i pretty much said that earlier it's not targeting cardano but you can see the the photo of charles hoskinson here and you can see that almost and the chinese they really like to push this they like to say that's the best thing in the world it's made by this genius worship this guy and this is what's happening with a lot of coins so including polka dot so that's gavin wood so gavin wood's picture will get posted plastered everywhere you also have kusama kusama's related to polka dot it's like the testing net for polka dot this is in many cases why it's rising um it's not the sole reason i mean i'm in a cardano post i i posted this up on twitter and there was arguments oh you know 600 farmers can't do much it's it's it's something that's happening to be aware of now i'm not accusing that this is the only reason why coin is successful if there's definitely a lot of reasons was why and i think there's a lot being done in polka dot cardano kusama as well but this is what's happening in china there's a huge currently what i'm calling white fever as far as i'm racist here but it is the case um people love western faces right now in china so charles being one of them gavin wood being one of them there's there's this craze right now because what's happening was that the previous generation the previous coins that were hot in china were all chinese chinese coins and the issue of chinese coins were that they're very susceptible to pump and dumps so the chinese have just kind of lost hope in chinese coins so what's hot right now is anything foreign and imported and there was a point where there are agencies that source western developers so they go to the west find developers that are western you know western names western faces and then they film these people and make them ctos of the project even if they don't understand anything about cryptocurrency or blockchain it's just a face right western face and we saw that with plus token as well like they hired various people to to be the face of the project and then to show it so that's kind of what's happening here it's it's a little bit crazy but super racist i'm sorry if i'm racist here i'm saying i've offended someone we've got nick nick or katana is super crazy and then cryptomorphous is you get a shiny car so you can say how do you like fat oh so yeah it is what's happening absolutely uh for sure in china it's it's definitely not the not the best thing but that's that is what's happening and i'm actually saying also here that um under this article that um in china they're pushing more either nft platforms or smart contract platforms mainly because defy so even in the way even though in the west defy is a little um it's gaining a lot of momentum and heat defy in china is not as hot as defy in the um in the west because mainly because of d4's hack it was a recent hack on a defy contract the whole contract was bled all contracts um all funds are stolen so that kind of left a sour taste in people's mouths then we also have the blockchain service network i think this is in many ways why a lot of people are investing into blockchain right now it's because last year um she himself president she himself literally came out to say yo blockchain it's one of the biggest areas they want to push not not exactly in that way he's not that informal but he's talking about blockchain she quite lean being one of the biggest areas to for china to push forward and this has led to the blockchain service network which that's being built underway and it's led to a lot of interest interest into just cosmos as well this interoperability veechain enterprise usage polka dot you know maybe that's why also veechain has gaining a lot of momentum as well because china is like talking about that enterprise adoption using this to solve various issues right she himself said we want blockchain we want blockchain to be one of the forefronts and focuses blockchain ai this is where china needs to excel at we need to solve these problems of the supply chain management we need to solve issues there and that's why veechain right now is jumping in that perfect position right now for blockchain adoption in terms of d apps the blockchain service network itself is not a blockchain all right that doesn't have its own coin that's not a blockchain the blockchain service network is to combine all these various public private chains all together in this giant glue framework it's like it's like the earth that infrastructure is built on almost i think that's probably the best analogy for it for it um if you want to find out more about blockchain service network obviously i have an article um on that on the bsn on my on my website so that's outline what's happening it will also be updated with a with a recent interview so i did interview the top chinese executive that was in charge of constructing the bsn to find out what's going on that's part of a conference that's coming up in asia blockchain summit 2020 so i'm not sure if i'm allowed to show you that guy's video that video on this channel but i'll update the information the the research that was contained in there so lastly nfts this is actually quite interesting as well so non-fungible tokens are super super hot right now the use case is in gaming but also in intellectual property ips holding ips and potentially being able to give people back assets this is not talked about at all in the western space very very interesting but they're hyping that up right now and it goes to show that even if it's the same project yet again in the west we talk a lot more about gaming but in over in china they talk a lot more about intellectual property ip and then finally of course i was talking about filecoin as well so filecoin is surprising get a lot of attention over there reason being was because filecoin was at the center of a lot of crazy activity so um there was a lot of hype about filecoin um in the past that's not the video i want to link so if you search filecoin it was it was heated very very huge in uh in a chinese space so you can see a lot of chinese videos already showing up for filecoin so there's a lot of bag holders for filecoin in china that's why oh this is kind of cool this is like introducing some filecoin craze saying it's the next kind of web 3.0 and all that stuff it's um there was one event that was super crazy in hong kong let me just see if i can find that for you guys but it's all about the hype right um fog went hong kong it's from from this this uh yeah it's finding a hard time to find it but yet again it's it's about these promoters that really push filecoin very hard and because filecoin is a 2017 project and all of a sudden it's launching now they need to generate that hype so that's why yet again filecoin got hyped for in china and in many senses it reminds me of what happened with neo where neo got super hyped up in the west being a chinese project i think there is this kind of natural human tendency to want something exotic something that's mysterious and cool and that's what chinese are doing exactly the same thing so they're liking all the western projects the more mysterious the better the the the you know putting kind of uh these developers on a pedestal we saw that with da hong fay with neo now we can see that with charles hoskison and cardano and also um gavin wood with polka dot it's it's i think it's almost human um these aspects and it's it's a part of a psychology where if you don't understand too much about a particular project you tend to kind of gravitate towards the faces more we like faces more than words right um this channel obviously i've been trying to do the exact opposite i'm like yo look at the tech you could look at the the the whole development team as a whole don't center on one person because that makes it super centralized it defeats the whole purpose of it but anyways um that's kind of what's happening in china and um and just to relate to that too um and this also doesn't just happen in china so we have the philippine sec warns against crypto schemes yet again here they're warning against various cryptocurrency investments and it's the same style of investment so they're seeing a maximum fine of p5 million or imprisonment of 21 years or both await those who act as salesmen brokers dealers or agents of entities engage in unauthorized investment schemes the banyan here heal as one act also okay so there are what projects are they targeting so they're talking in for sage our catch online the saint john and jerusalem knights of malta foundation of the philippines incorporated wow that's a mouthful holy crap but exactly it's that strategy they deploy these people they choose a project sometimes they choose a like a legitimate project sometimes they choose their own project and they'll just show it like crazy to anyone who has money and who would give them money and they'll act as brokers dealers they would sell that as if it's almost like drugs on the street so that it is a problem with crypto all right this is a problem with crypto where the tech is hard to understand people don't take all the time to understand it and then they oh it's crazy um and on that point as well we got valley forces i don't think filecoin has bag holders man man you have no idea in china there are so many bag holders for filecoin it's it got really pushed um in china uh very farce um it's it's crazy i want to find you the video it's almost like a hey hey hey level uh video where people just push that like mad and uh yeah it's like huge conferences for filecoin you know people flashing that filecoin logo oh my god filecoin and it's all mom and pops that were very into it so now yet again they they have to push it super hard so in the west it's nothing no one cares about filecoin right but in china it's big it's so weird it's so weird it's it's the weirdest bizarrest things in this world we've got angela wang sending a link let me see if that's the link that i'm trying to look for uh let me throw that on screen let's see something went wrong says youtube at youtube don't like oh no youtube let me see if that works oh this is what this is it this is it so so so so so so so so so so so so all right i think you guys get the picture but that was a promo there you can see the fcc logo very prominently displayed so that's the filecoin logo fcc it's related to filecoin it was this this hong kong guy like this is his he's putting the fog coin logo on his shirt as well you can see ipfs on the background of the founders there fcc guys so that was how that was the style it was being showed back in 2018 so this video was all about uh b sao yeah so this is a hong kong guy who showed it in hong kong so you can see the style of events you can see the people who gather here they're they're not techies they're people who are moms and pops with investment they they finally found this crypto thing someone's just telling them oh yo file coin buy it and they're back holders so that's why there's a huge number of back holders in china and like this is a hong kong video the chinese videos would be different they probably wouldn't be filmed like this they put it wouldn't put this video public i just say that because yet again there were a few understatement essentially a few issues with doing that so you don't you don't want to get caught doing that so anyway so this is this is what's happening right now um it's just a way unfortunately how a lot of crypto works and you know they hire like yet again you know they hire western faces here to just try to establish like international not what not just western but like the higher international faces here to sit out front to establish legitimacy same thing um and it's unfortunate because after all volcoin isn't a bad project i actually took a look at it after people talked about it's not a bad project but it's just uh the way sometimes it gets sold to various communities it's um it's effective these people can make a lot of money brokering or taking um yeah taking little percentages on the side for purchases of these coins so it's not it can sometimes be a scam it can sometimes be a legitimate project uh but regardless the the method at which this is being pushed is definitely not cool uh nick miles says the chinese version of hey hey hey really and and the funniest thing is um you know for us like the moment we see this we get disgusted we feel like oh yuck you know like we're naturally disgusted by this but chinese people love it it's so weird it's so weird like we can smile scam from far away you know these guys will suddenly probably ask you for like 10 20 on the side uh in terms of fees but no and they'll probably promise you anything like with these problems like the problem with this is that they'll say everything to you they'll say oh there's no risk there's it's gonna be perfect this is gonna change the world anyways but you know i think it's all about moderation so i think i'm glad we guys have we got i guess i'm glad we have a channel we like i'm glad we have a community and we'll be there so thank you angela for posting that thank you that was exactly the video i was looking for um aniket ceases asks about ve chain so vet vet obviously is also moving up quite a lot i think it's being rediscovered again but who knows at this current point it's been growing very very quickly as well so obviously that same applies you know be cautious right for me obviously i'm ecstatic because i'm a holder from a long time ago in fact i held it when it was 0.3 cents right actually yeah yeah it's before when i was 0.3 cents i was holding v chain you know all the way down a dip everyone's calling it scam blah blah blah i mean that's ironically the best time to buy right um but yeah like people calling it a scam it's over blah blah blah oh my god it's the amount of stuff thrown at this and then all of a sudden obviously now at at once and 50 everyone's like crazy it's crazy um so just be careful of that i mean i'll be i'll be reasonable here and say yo look usually when something moves up like that just be very very cautious about that um you know some people like to ride the wave i'm the ones of the i'm the holders that just like hodlers and just like like oh can't kill me a hodl from 2017 i'm not sure you remember that meme all right guys so let's move on let's move forward um so just some quick things we talked about the philippine situation already we have vitalik he's stating the obvious we underestimated how long proof of stake and sharding would take to complete um under that's like the major understatement of the century eh yeah we were talking about proof of stake um with um on ethereum since the channel first started and we still haven't seen it so hopefully soon hopefully soon but this time i think they've they've got something better fingers crossed um i think there's a bunch of price posts right now um i tend to ignore them but i also tend to laugh at them so sometimes i just click into it i'm like oh my god it's gonna move so we'll see like we'll be we'll be thrown with articles on both sides whether it's um bear or bowl we're gonna see articles of what reasons why it's the bowl why it's a bear i think just take it with a grain of salt you got it um kind of funny also um brock pierce jumps into the 2020 presidential election you know he's the guy much very much the face of eos uh also mighty ducks guy too he was in the mighty ducks movie so anyways brock pierce he is announcing u.s 2020 presidential election this world's going insane but you know what let me pull you guys here so so between brock pierce president 2020 versus john mcafee president 2020 who would you vote for so if you only had these two options brock pierce or john mcafee who would you vote for say um throw that in on a comment section i would love love love to hear that i find it so crazy but you know what that's that's the best part right freedom freedom and do whatever you want you know who i miss i really miss the yang gang i really miss the yang gang that's that's that's that's something that's something we got ronnie petite he's like kanya rest kanya west for president we got trump 2020 um we got triple tribolos is john we also got two votes with john we got nick also for john whoo john john is john is going ahead john mcafee guys john mcafee average joe also says john i think john's beating brock pierce by a bunch says our agosto says john john we got bo hansen says fox mining for president yeah average joe john all the way john i think john just won this hands down with the live chat the very least if you guys are watching this also leave a comment down below i would love to hear what you think brock pierce versus john mcafee i would love to hear that i don't know i don't know man i don't know john mcafee of course it's john mark carter of course without without a doubt no doubt in his mind also if you guys met the eos guys in real life it's crazy um just brock pierce and his crew it's it's it's uh it's a sight to behold at every conference it's crazy anyways uh and then we got nick miles says you can vote for anyone but it's always a douche or a turd hats off to you nick john mcafee with updates i guess smart uh smarts killed wrestling u.s elections are fake cook put votes on the blockchain it could be real but then we can know who everyone votes for unless it's some privacy thing involved eos is a little crazy i mean eos man they're setting on so much money like they're they're like there's a running joke in investors see that eos is a property agency now they're buying so much property they're a property fund that's how much money they've got they're just buying a property around the world they don't want to develop maybe sometimes maybe maybe they feel like you know with their mansions and their towers and their yachts after maybe after a while they'll they'll invest into some programming and make make eos better oh that's scary eos eos is probably beating what is it called again we work now i'm just souping up the property for cheap smart people smart all right so that kind of concludes all that we want to talk about at least on my agenda we'll do some question and answers for this session it's a crazy world i'm just saying right now like this is total insanity this week i'll be very very focused on um pretty much on the defy space i think a lot needs to be actually covered there so that'll be quite fun also um just to talk about this i'm let's hope this website works i have a talk coming up on and unitize so unitize conference so this is a blockchain conference it's a combination of block show and san francisco blockchain week uh so it's these two guys combined together let's see speakers we're speaking today actually this is uh unitize global leaders i have a talk that i just finished this weekend it was it was crazy it was just a crazy rush to get everything forward let me see if i oh hey we got gavin wood um let me see where my speaker area is wow that's a lot of people do i have myself in there did they put me there oh hey that's me oh my god all right let's see the agenda i'm always excited for this stuff all right so this is i got an actually good session um a pretty good section actually so let's just find my face find my face this guy all right it's at 7 30 a.m that'd be 7 30 a.m for me i think so i think they have the timing a little bit effect so that will be in less than 24 hours um so this is on on san uh on china's central bank digital currency decept um it will be talking like we have charles yang so the head trader so you can kind of see this people i'm quite familiar with matthew graham's on a global capital he's doing a lot he's in china he actually sent the clip from china but it's talking about decept the central bank digital currency issued by the chinese government it is actually going to come in play very soon and it's also causing a lot of ripple effects for example right now with digital currency trading they're trying to push everyone towards decept and closing accounts related to digital currency trading in china so we discuss all these issues here it's going to be huge because it's the first time the world's the world's the first nation in the world to deploy a digital currency um that is fully digital so in the past we've we've had you know digital currencies built on top of traditional traditional systems but with this time it's actually a fully digital currency you transfer you use cryptography to transfer you use aspects of blockchain it's not blockchain itself it's a highly modified version but it takes a lot of concepts away from blockchain and we're talking about a little bit about how potentially it could be good and bad for the cryptocurrency ecosystem so that's one of the talks there um i'll put the agenda online i think it's pretty uh cool that it's happening in less than 24 hours um and it'll be weird i'll be interested to see like if if one of these talks will um will be popular i know like you know we can't really have um um we can't really have a hey there's another dsep session awesome that's cool we can't really have real life meetups so i mean normally speaking we'll go to block show we'll go to um one of these things i actually think like the quality of speakers is higher but at the same time being digital i mean a lot of people when they go to conferences don't listen to talks they just go and socialize and we really miss out on these socialize socializing elements here if you do things online so i'll be interested to see if you guys are interested in it um yeah that'll be critical etc all right reading comments again we got betromax's smash that like button guys we got 200 people here let's make it to 100 likes come on guys smash up that like button it really does help and i want to give a big shout out as well for our donation we had a five dollar donation from webnet marketing says thanks five bucks thanks awesome love that support sorry for the late shout out uh webnet um i didn't see it until now i just noticed it so thank you guys so much for your support thank you for smashing out those likes um we got tech interesting we got smarts killed wrestling all queens are dead move to bdc hilarious what about comp oh yeah sure i'll do an update on comp as well so compound has been it's kind of the trailblazer for um a lot of the defy space after it got pushed on to coinbase and then all of a sudden everyone's oh my god comp so comp's been trying to establish price i think the the biggest risk for comp obviously was the sell pressure comp being quite uh funded from a lot of big funds um they're trying to establish a good price and apparently they're doing that pretty well i'm actually quite surprised i'm i'm thinking like you know with their market cap at that crazy amount is you know how can they can they sustain it well and it seems like they managed to bounce back from um let's just show the period i was following it for a while so they bounced back for 167 so they bounced back they're almost at 200 right now and i think this is one of the biggest risks right when you look at a coin you know they have a lot of legitimacy they have a lot of backing but the problem is the more backers or world-class investors there are you know a to z capital bane coinbase paradigm polychain dragonfly capital these are the guys who are going to dump on our faces right and it depends on how they're they have to make an exit these funds their their state objective is to make money and i mean but those of us who are smart enough to figure out the more you have to figure out what these coins that these funds bought at cost you know how much it cost if they bought it at like say 60 dollars you know then you have an immense amount of cell pressure or if they bought a 30 or 10 you know this is where that deep reaches comes in but a lot of times it's under nda so it's very very hard to figure out what happens i made a video about dumpamentals as well so it's like attributing pumpamentals and dumpamentals which is where the two kind of factors you want to figure out that could affect the price in a short term but anyways compound is actually doing surprisingly okay i would say um they actually changed how things move so they've they've already changed how bat token like say for example the yield for these coins they're they're drastically changed now so back in the day like you could almost get a 100 apy on bat and now they changed that so they're they're trying to very very quickly establish new governance rules and take it somewhere which is why i'm looking at it but at the same time i've also taken my bat out i had some bat bat that i was depositing on there for the 100 apy and i took that out because i felt you know what yeah but the new rates is not not as good as before um how about kava similar to cop maker etc so another d5 project with 4 million cap i will take a look so um the d5 series is moving along like just last week um i was a little bit too busy with these conference videos which is why the d5 series isn't as kind of updated as i want it to be so with the d5 series what i added was i started off with the compound then we also have liquidity pools explained and then we have metamask so we'll move on to balancer kava um all your requests we'll just keep doing and keep figuring out what's happening in d5 space it's not about shilling d5 per se it's more about figuring out you know what what's going on and just having a good kind of reference for what's happening and in many cases even though maybe the the thumbnail can look very positive um i've always been you know level-headed with all these approaches and something that i do want to um call attention to is this video here if you guys use metamask a lot um the tips and tricks i've i made was just to help you guys um make it better i'm not supporting metamask people ask me do i like metamask i don't really like it but at the same time i use it because it's one of the best tools or only tools to interact with a lot of these smart contracts right now and you can use it in conjunction with the ledger etc so you can still keep your cryptocurrency safe in that end so i have a ledger tips and tricks about accelerating transactions saving up on costs just min maxing what you can do so if you encounter transactions i can cost like 11 for a transaction that does happen um that and potentially help you a lot there valley porces shocked that the sole goal of an investor is to make money ah it's all about the exit guide it's all about the exit by porces how do you think companies get funded and it's always about so it's not just about um like it's it depends on how you look at it right i mean previously it depends on how much discount the initial seed investors get so it's all about that ratio if they had like say uh a hundred like a 50 discount on coins or maybe a 75 discount coins those will ring alarm bells so it's always about so i totally agree with you it's not about um i'm not trying to attack funding funding is going to happen right no matter what good projects are going to look for good investors to invest in the project inject capital in and then have money i'm i'm not i'm not saying that that method is bad but what you have to be aware of obviously is the amount of discounts they have and what lockups they have so that's probably kind of key here and it's really hard to figure out sometimes it's really really hard to figure out that like um so this is the dump of mentors video i was talking about so this was about you know all the factors that attribute to dump so i actually find it's actually a lot more uh more important if you find out you know what's what's happening in that respect oh i would just remember i have this so guys if you want to tune into live let me let me just play this again oh wow yeah if you want to tune into live we have live videos every week there's two videos every week one on monday 11 a.m hong kong time or friday 11 a.m hong kong time but if you're in the eastern time i'll just put the eastern time out there it's 11 p.m the earlier day so i'm trying these like little things to add to this video and we also have the podcast check out the podcast okay so on this direction check out the podcast over here the new podcast is available um it's on spotify it's on itunes it's on pretty much everything we talk a lot about like in detail crypto in detail and it's really the way to get educated in this space so been yeah working quite hard on that and this week especially we're working a lot harder on getting more podcasts and ideas up on that so yeah i'm trying to i'm trying to do these little things that i i kind of find them kind of cool but anyways um just figuring out how to use my stream deck and my stream here uh let's see i think i'm gonna wrap this session up let's see if there's any other dying questions from everyone bali poor says don't buy a token unless you're getting equity it's kind of funny how that changes well in investment space like before they they don't want equity they just want tokens and a lot of times equity will yield tokens and then there was a period where no one wants tokens anymore because like ico investing just kind of died and like oh we just want equity and now we're kind of back to both again it's kind of hilarious across canada says we got a question is it time to buy bitcoin for me all right i can't give financial advice here but for me i am dollar cost averaging into it why is mud market dropping is it time to buy bitcoin dollar cost average is my my strategy for that kevin chances long time follower do you make educational videos on new projects still yep so we're doing a lot on d5 series so i just personally out of my personal interest we're doing a lot into d5 i've been looking at balancer it's like crazy i looked at curve um like there's a balance right sometimes if you do a video on a new project you're like oh you are such a show you're such a loser uh stop shilling stuff but sometimes you just want to learn about it right i mean that's the whole purpose of this channel so this year i've been less like i've been less i don't i've been less bothered by that i think there's so many communities that and so many different voices here and i think providing a good education path is the way for it um but you know some people can take it as show but i never say buy anything i've always said just be smart learn and that's the way i like it like that's the way i feel like should be done like we're we're not giving financial advice at all but in fact talking to people about a coin makes them smarter they people need to have the ability to make their own decision and a lot of people will tell me you know what like you know they don't spend the time to look at crypto they don't have all the time necessary and they just want to follow signals and that always makes me sad because it's just the number one way to get scammed if you follow signals if you if all you do is go to one conference from you know and that shows fcc it's not it's not going to be the best way forward the best way forward is to be knowledgeable enough to at least have a general understanding about what's going on the strengths and the weaknesses that's part of your research and it's hard to obtain like learning is hard but for me it was always worth it crypto morpheus is at box mining like cz said people are really stabbing themselves for selling under 10k dude you know why i'm in crypto like um my first time i got scammed in crypto not scam but when i actually followed mainstream media advice on crypto was when i sold bitcoin at 15 dollars like 15 dollars it's freaking stupid right like i want to go back in time and slap myself like if i can so 2012 i was mining bitcoin i was ten dollars there was so much fud out there like you essentially it's to a point where you actually believe people are like people peter schiff right because bitcoin is so new peter comes out yo bitcoin it's the scam it's gonna go to zero you know you're lucky if you sell at 15 dollars in many ways it's why this channel was made and the community helped a lot we understood the use of bitcoin and why it's never gonna go away like the people who say bitcoin is gonna go to zero they're so delusional there are they they do not understand at all what is behind this it's like it's the equivalent of people saying yo cars right horses are great why cars that's so dangerous right horses are real or why electricity that's the stupidest thing i've ever heard i mean if you watch these documentaries about thomas edison and jp morgan um yeah jp morgan's dad was like you know what yeah this is a treasurer thing thing what are you doing what are you wasting your time on it sucks we got we got we got we got oil get it get a real life you know this is just insane it's we're at the point where bitcoin as an asset just two two fundamental reasons why i feel like bitcoin would never go away one is because we need a way to send value around the world that is not political right so right now you see politics flaring up and we're gonna see financial controls being applied everywhere trying to limit how we even spend our money whilst this not may not be very present in the west is very very clear and present in asia in china in south korea in philippines in thailand there's strong restrictions of what you can do with your money and how you can send it overseas so there's no other way to do it other than with bitcoin all right so that's a unique aspect right there there's also not seizable so crypto immune to politics if you hold it it's yours and this is extremely important in countries like china as well lastly we have money being printed endlessly by the u.s government do we really think that's sustainable it's also going on like a quantitative easing i mean we even have a fancy word for it so that's why i feel like it's there's no way to replace bitcoin it's got these unique properties anyone who's saying it's going to go zero is clearly the delusional um it's just just like like did you knock your head i know anyways i'm not going to insult that but um i'm still angry at myself for selling at 15 and in in many cases there are so many risks with bitcoin and crypto too right so you know i'm saying all the best things about bitcoin but at the same time obviously the market is still very small it's still very niche the fluctuations i mean bitcoin can go for very quickly and that's most likely because of very big buyers and sellers who can potentially manipulate the market so you have this huge risk here and this is why i personally dollar cost average but i'm not telling you guys to do the same you guys figure out your way for for me dollar cost averages averages out all this manipulation that can't go on so you're not really as affected by it so that's my two cents guys um hope that answers question we got brian paul says don't talk about china they are monitoring so i've been a lot more aware especially because i'm in hong kong right now about what i say but do yeah do remind me if i say something too much uh i think talking about financial like keeping your finances that's not illegal at least at least for now i think um all right we have a comment about kevin chan how is india supreme upholding the bdc effect in the future of bitcoin or d5 projects what other types of projects do you see so india has been very interesting recently um just on off topic um they banned a lot of chinese apps recently right so this has made the news a lot i didn't really talk about it but i feel like it's it's very both political and very interesting um how are two things okay just just answer your question first and then jump into the side topic so kevin um he asked a question about the supreme board upholding and the legality so i don't think legality is going to be a big factor in terms of governing crypto we saw china ban crypto but at the same time peer-to-peer purchases and china still a very big scene there so it's like it really depends i would say uh maybe it's like it depends on how they they enforce it but at the end of the day what the power of a crypto is that you can sell it peer-to-peer so you can sell it you know just on the street etc not really what i would recommend doing at this current point but at the same time that's what makes it censorship resistant because there are no points of um you can do it peer-to-peer you don't have to do it for an exchange so there's no centralized points of failure etc so that's one of it um okay so back into this as well so india bans chinese apps so very very political right now obviously politics is up crazy but tick tock has been banned wechat has also been banned and a lot of this is to prevent kind of subversion almost in the india market and i think this is very interesting to talk about because two things obviously the politics is crazy i'm not going to go in politics there it's not a politics channel but the second thing is chinese apps collecting data has been a big problem does it happen yes or no i absolutely 100 uh one of the uh not just i don't i believe it's been proven that tick tock collects clipboard information so um with the new ios update people can see when the clipboard has been accessed by an app and tick tock constantly accesses your clipboard for some reason so just to see what you're copy pasting could they copy paste your cryptocurrency addresses yes they can probably scan and figure out who you're sending crypto to that's scary so there could be potential issues with this and i do know for a fact that chinese developed apps for some reason stay in memory for a long time especially in android and this is why in many cases i try not to install chinese apps on my phone um it's just that regulation there is not very strong and data collecting is very present i told you guys when i was in the gaming space in the chinese gaming space we knew from ctos that there were special bills of apps that would intentionally collect user data for their own purposes not nefarious purposes but they would intentionally abuse a few of particular apps just to collect data on users so just be very careful guys um there is definitely a political undertone as well to this where you know india might do something very similar to china to ban all chinese apps so their local apps can develop get developed as well so that could be a potential strategy we saw that with china so they banned facebook so they can have their own weibo platform they banned twitter so yet again there's two way balls one by tencent or one by cena and then they also banned um whatsapp and they made telegram really hard to use and that's what led to the to the development of wechat so in many cases it could be a political move as well but at the same time there's definitely something happening there too to trigger this um i got looking at quant do a video on quant baby all right i'll take a look we'll do more videos this week so this video is all about you know defy space and everything here so brace yourself brace yourself grab uh brian paul says stop talking about china please oh all right anyways um i think we're gonna end this talk about china too i think it's a good time to end before it gets too political but with that guys i hope you guys enjoyed this episode let me just play some of this stuff again this is really cool i'm just testing this out so yes live streams next live stream okay coming up here it's gonna be on friday 11 a.m 11 a.m 11 a.m hong kong time or 11 p.m eastern time on thursday i'll put the link up now so let me let me find my link for that and let me put it up for you guys so you guys can click on that remind me button it really does help apparently not apparently it does let me see go live stream and it really does help because so if you click on it it gives you the right time for for the live stream uh when it's gonna happen and uh let me just kind of see what else happened here let me copy paste copy this then let me put this up i'm finally getting better so okay so that if you click it if you click it without the studio attachment to it i have no idea why it's like this but let me see all right here we go so this is the next one live in three days if you set a reminder for it it will tell you when i go live so you won't mess up the entire episode we're also going to do a giveaway next episode so i found this ledger um this ledger nano s i bought this like a year ago and i bought this because i just gave it to random friends so now friends on this channel ledger next giveaway next episode so make sure you're reminded make sure you're there so click that reminder on button and then you're good to go click that reminder on button smash up the likes if you can if it does really help so reminder on smash up the likes someone's click a dislike to be a douche but that's great we gotta beat them to it so guys come on at least 10 of you smash up likes on this one so it doesn't really help i'll put the link here um and uh let's see come on guys um where is my link oh no all right restore chat all right boom we are here and we also got questions of what's up with vechain you know what i'll also i'll actually get you guys an update on vechain as well i promised this with cardano as well the two projects i was talking about this being so busy that i can't make these videos but anyways i i definitely want to give you guys an update about what's happening with vechain with cardano um hope we get some interviews as well with both these project leaders to find out what's happening that's pending um so much to do it's crazy uh and let me see that uh so we got this here and we have the podcast as well let me show you guys the podcast so podcast uh that's coming up let me see in fact if you search bitcoin out of the box which is what i'm naming the podcast uh let me let me flash that here oh podcast okay that's a lot of that's not working before okay so podcast bitcoin out of the box it's on apple podcast i'll send the apple link here um we can get that boom all right all right guys we also have a hundred likes so big thank you to everyone who clicked the likes on this video and everything there let me just disable that oh it has to be here got it i'm just figuring out how to use all this fun stuff um getting more tuned to using obs and the platform so guys thank you so much for uh watching we also got a good question from cryptomorphous do you like photography uh do you like sony or nikon so i use sony right now because for video they're very very on top of the game especially right now the one the camera that i'm using the a7ii that is like that has been my like core for quite some time but nikon this year has been doing very well so if you're new oh man that's a hard choice that is a hard choice to make and uh we'll have to see with depends on if you like photography or videography i'm personally i'm kind of stuck in the sony ecosystem once you start buying a few lenses you're really stuck so right now i'm using a i think it's a 24 to 70 um g master lens and that thing costs like a thousand five hundred so like once you buy that you're like okay i'm stuck to this ecosystem i'm not going to move because any sort of operation involving that like any change will mean you invalidate that lens right so you're like oh man i just wasted that money so yeah that's the case if you guys are interested in tech stuff and some of my opinions box tech has also been there um we have this box tech so i've been making a lot of videos too that's been taking a lot of my time but these are much faster videos i i talk about what's we have a behind the scenes studio tour about what's going on here that's done with horrible lighting uh but i show you guys what's happening you can also see on the other side my screens you can see like oh oh i actually actually need to show you guys this but i actually have a four screen setup now finally i am super excited super happy um it's something i always wanted is four screens to help and i got these two screens down here for super cheap but i talked to you guys about that in the studio tour which is on my other channel so it's just like it's just for fun i can see how messy my place is right now still but yeah oh really nick nick and across canada uh really hate canon really really i've been like i've been watching a lot of videos um i watch potato jet a lot so this is just totally off topic and he's a big canon fan so like canon colors look great uh no joke and in fact i got this new camera here right so you can see this is pretty much a prop right now but i'm gonna make it soon i'm gonna i'm gonna make this camera work for me soon but i was thinking get an email which is the canon email for this letter so anyways that's something this is very divisive lens choices and cameras are like choosing between coins um it's like choosing between playstation xbox very polarized both directions yep all right there all right guys so that's pretty much it for um this video cryptomorphism i like the sharpness and color of nikon in fact if you guys want a nikon footage the footage is shot with charles are always on a nikon so that's on a z6 so if you guys like videos like that let me see if i can find any videos there so anything that we shot with charles like they have a z6 a genesis block so we shot those so let me see that this video so this video is shot on the nikon and you can see like once even if you zoom in like zoom in this is uh this is just shot on the same frame right so this is the frame and then you can zoom in on the frame and it looks super sharp still so let me see that let me see zooming in that is me zoomed in and it seems sharp it's like it looks super super sharp so if you guys like a reference for that that was on a prime that was shot on a 50 mil 50 millimeter nikon prime lens on the nikon z6 and it looks good it actually doesn't look bad so yeah we've got ronnie patty says i'm a canon guy i have the 5d mark series mirrorless yeah that's the way it is man that's the that's the way cameras go i'm so i'm pretty cool it's pretty cool how we have so many people interesting cameras here it's such an expensive hobby though it's like it's it's super expensive like everything just gets up to ridiculous prices in the end and you know the biggest winners are the cam camera manufacturers that's the it's the best and the worst but anyways guys 16 to 35 uh soup says i use the seven a7 3 art i use a7 r2 with nikon lens that's cool my dad's very big into nikon like he's got like a lot of older nikon lenses that perform amazing apparently um and he got the leica mounts on it so yeah it's like everyone's different right like and especially because i think cameras are just talking about cameras they breed that loyalty by giving you getting you stuck on the lenses like i wish there's a case where all these lenses would be the same mount but because every camera company has their own unique system so once you buy lenses you're stuck to that camera brand pretty much so it's like that's how they breed loyalty right and um yeah it's led to us to us just to a state but anyways guys thank you guys so much for watching you are streaming at like 6 10 fps right now yeah i don't know why i really don't know why it's like drop frames detected um that is so weird let me check the background i'm just gonna try to figure out this problem but it shouldn't be dropping i mean it's like anyways guys it feels like i'm streaming at 10 fps i hope it's not but guys thank you guys so much for watching today find you guys later find you guys later yeah my cpu is like barely and anything i have two percent cpu usage uh not very stable anyways guys thank you guys so much for watching today's video i'll find you guys in