(Wed) Bitcoin BREAKS 18,000! Bears Exhausted.
Description
Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analy...
Latest Bitcoin and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analysis to give you full coverage of the crypto space. Find out the latest developments in DeFi and yield farming. 0:00 introduction 05:31 Market recap 11:10 Bitcoin: are we at the top yet? 13:51 What will happen to Uniswap? 15:48 Ethereum 2.0 20:35 Asian bears? 21:55 What am I doing? 24:02 Crypto hype? 28.42 Wootrade ($WOO) 34:31 Ankr ($ANKR) and Stkr 39:51 What DeFi coins am I looking at? 44:52 ETH and why I don’t do price targets 48:25 Bitcoin over $18k! https://podcasts.apple.com/podcast/boxcast/id1490037766?l=en Spotify: https://open.spotify.com/show/5iHcN9jfQwpKTbT37tS0zQ ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 🍖Buy & Sell Crypto: https://join.swissborg.com/r/michaeOQZM 🔎Crypto Prices: https://www.coingecko.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Binance Exchange : http://boxmining.co/binance ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining Official Website: https://www.boxmining.com/ Discord: https://discord.gg/T3TrTRa Telegram Discussion Group: Currently private Telegram Announcements: https://t.me/boxminingChannel Facebook Community: https://www.facebook.com/groups/CryptoSpartans/ ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
AI Analysis
The crypto market is on fire, with Bitcoin surging past $18,000, signifying a major shift in market sentiment. This momentum is attributed to exhausted bears and a growing accumulation by large institutional players, leading to a strong bullish outlook. The video also delves into Ethereum's resilience and its path towards Ethereum 2.0, alongside the immense potential of decentralized finance (DeFi) and NFTs, offering insights into investment strategies and cutting-edge projects.
* Bitcoin's Explosive Rally and Market Dynamics:
* Bitcoin recently broke past $17,000 and even touched $18,000 with surprising ease, igniting massive excitement across social media, where it even trended #1 on Twitter.
* The prevailing sentiment in the crypto space is overwhelmingly positive, with Bitcoin continuously shattering previous resistance levels.
* The "bears"—those who believed Bitcoin would crash—are a rapidly diminishing group. They've had ample opportunities to sell for years, but now, major institutional funds have been accumulating Bitcoin and show no intention of selling, contributing to its current "insane" price levels.
* Technical analysis (TA) proved effective as Bitcoin definitively broke out of a long-term channel characterized by higher lows and higher highs, signaling its entry into a completely new price zone.
* While bears tried to establish resistance around the $17,800-$18,000 mark, bulls are aggressively holding new ground and don't anticipate a significant price drop.
* The delayed effect of Bitcoin's halving, which occurred roughly six months ago, is now strongly impacting the market. The halved supply of newly minted Bitcoin forces large buyers to purchase directly from the open market, rather than from miners, which creates significant upward price pressure.
* Interestingly, despite the aggressive price surge, general public interest in Bitcoin (as indicated by Google Trends) has not yet spiked to 2017 levels. This suggests that the current rally is primarily driven by institutional accumulation and a severe lack of selling pressure from major holders, rather than widespread retail "fear of missing out" (FOMO).
* Institutional sell-side volume is exceptionally low, indicating that virtually no major players are looking to offload their Bitcoin holdings at current prices.
* A potential re-entry into lockdowns in the US or other regions could further fuel Bitcoin's price. People confined to their homes often seek investment opportunities, and crypto has proven to be a fertile ground for this, as evidenced by increased interest in stock and crypto trading during previous lockdowns.
* Ethereum's Resilience and the Future of DeFi:
* Ethereum's price action is closely mirroring Bitcoin's upward trajectory, demonstrating strong bullish momentum.
* A significant event was Uniswap concluding its liquidity mining rewards, which resulted in a massive $1.5 billion withdrawal of assets from various liquidity pools (e.g., ETH/DAI, ETH/USDC, ETH/USDT, ETH/WBTC).
* Despite widespread fears that this withdrawal would lead to an Ethereum dump, it did not happen. This indicates that larger institutional players are committed for the long term and aren't simply exiting their positions.
* The reduced liquidity in Uniswap pools (with the ETH/USDT pair, for example, dropping from $535 million) is viewed as a positive factor for Ethereum's price, as lower liquidity can make it easier for the price to move upwards with sustained buying pressure.
* The focus is now on Ethereum 2.0 (ETH 2.0). For its Phase 0 launch (the initial stage) on December 1st, a staggering 705,248 ETH (worth over $251 million) needs to be deposited into the ETH 2.0 staking contract by November 24th.
* The required ETH is steadily being deposited, and it's anticipated that the rate of deposits will significantly accelerate as the deadline approaches, especially now that Uniswap's incentives have ceased.
* It's important to note that deposited ETH will be locked for approximately two years. In its initial Phase 0, ETH 2.0 will primarily serve to validate the network and earn passive income for stakers; transactional capabilities will only be introduced in later phases (Phase 1 for sharding, Phase 2 for smart contract execution).
* Decentralized Finance (DeFi) currently enjoys significant hype and is seen as having more long-term potential ("legs") than NFTs.
* The DeFi ecosystem is becoming incredibly robust, offering on-chain exchanges like Uniswap, various borrowing and lending platforms (e.g., Compound, Aave, Cream), and powerful crowdsourced liquidity pools. This built-in infrastructure makes it highly attractive and easy for new projects to launch and leverage these services directly on the blockchain, bypassing the complexities of traditional financial markets.
* NFTs are also evolving beyond simple digital collectibles. They can now be fractionalized, meaning an NFT representing a real-world asset (like property) can be split into millions of smaller portions, allowing anyone to invest with as little as 25 cents.
* The current blockchain boom is likened to the dot-com era: a period of immense innovation accompanied by significant chaos and numerous scammers. The key is to identify genuine projects and brilliant minds amidst the noise.
* Personal Investment Strategy and Notable Projects:
* Bitcoin accumulation is largely complete, and the presenter is enjoying the current market gains without selling yet. However, there's a plan to dollar-cost average out of the market at a slow rate once conditions become "very positive," considering entry points ranged from $4,500 to $14,000.
The primary focus for future investment is on altcoins, but only after* the Bitcoin rally starts to slow down. This is expected to usher in an "altcoin shine," a period when altcoins significantly outperform, similar to previous DeFi waves.
* Wootrade ($WOO) is a key investment. It aims to revolutionize exchanges by aggregating liquidity from various platforms, allowing for large trades without causing significant market price fluctuations. Wootrade utilizes advanced AI models to classify trading activity (e.g., retail, institutional, market maker) and predict Bitcoin's short-term movements, described as "next-level high-IQ plays."
* FTX and Sam Bankman-Fried (SBF) are highlighted. FTX is considered a leading derivatives exchange, praised for its non-predatory trading systems and diverse offerings, including novel "Trump go/stay" contracts and recently, US stock trading for non-US customers. SBF, who runs FTX and the investment fund Alameda, is deeply respected for his exceptional intelligence and strategic plays in the DeFi space, despite being a sometimes controversial figure.
* Ankr ($ANKR) and Stkr are being closely monitored. They offer decentralized staking services for ETH 2.0. Stkr has already facilitated over 1,273 ETH in deposits. Manual staking for ETH 2.0 is described as a "pain," making these automated services highly appealing.
* Regarding specific DeFi coins, the presenter is looking for those "on sale," acknowledging missing the optimal re-entry point for YFI at $8,000 (now $23,000). Other projects being considered include Chainlink, TrustSwap (where he is an advisor, noting its recovery after a previous dump), and CyberFi (entered at a lower rate, with awareness of upcoming token unlocks).
* The presenter generally avoids providing specific price targets, believing they can be misleading and foster speculative hype rather than understanding a project's fundamental value. However, he casually stated he'd be "happy" if Ethereum reached $800 by the end of 2021, though he expects it to go higher, preferring to "under promise and over deliver."
* Community Engagement and Educational Resources:
* A strong emphasis is placed on the importance of kindness and helpfulness towards new entrants in the crypto space, especially during a bull run. This is crucial given the prevalent toxicity, tribalism, and misinformation that can be found in the community.
* To aid in education and staying informed, the "Boxmining Bitcoin Out of the Box" podcast is recommended for in-depth interviews exploring the crypto space. The Boxmining newsletter offers bi-weekly summaries and market overviews, while the Telegram announcements channel provides daily community-driven updates.
Transcript
of box mining today is a surprise a live stream i promise you guys there's gonna be more live streams this week because we have so much action happening we've got bitcoin breaking past 17 000 it feels so strange to say this number i'm still not used to it it was just like bam yesterday night boom in the u.s markets when those u.s markets are up we just saw bitcoin break past 17k with ease almost hitting up to 18 000 there was a lot of excitement on twitter too so in terms of tweet activity bitc...
of box mining today is a surprise a live stream i promise you guys there's gonna be more live streams this week because we have so much action happening we've got bitcoin breaking past 17 000 it feels so strange to say this number i'm still not used to it it was just like bam yesterday night boom in the u.s markets when those u.s markets are up we just saw bitcoin break past 17k with ease almost hitting up to 18 000 there was a lot of excitement on twitter too so in terms of tweet activity bitcoin actually ranked number one so around 12 hours ago that was when everything happened i should have done a live stream i swear i should have done it but i was just so tired it was midnight for me past midnight for me oh near midnight for me but yeah bitcoin was like trending number one on twitter maizey maizey williams you know aria from game of thrones she's talking about it elon musk is talking about it was just absolutely nuts and the amount of activity now is a lot more positivity towards crypto which is what we want and we've seen bitcoin essentially breaking past walls after walls after walls decent i'm just astounded at how fast bitcoin is progressing and a lot of that i would say is due to the markets well essentially the bears in the markets the people who think that big point is going to go to zero well they're a dying breed you know they've had the opportunity to sell for years on end right even if they're you know even if they're publicly saying that they're bullish maybe if they wanted to just dump on this unsuspecting market we have more and more activity here something that's also interesting is a lot of big funds and a lot of big fund managers are also coming out this year to say yeah bitcoin's great and i think that's a sign that they've been accumulating over a long period of time but they also don't have any willingness to sell just yet which is why we're at this insane level so anyways we're going to talk about all about the market some expectations some ta going on and also going to do some news updates too because a few things few big things happened on ethereum say for example unit swap they stopped giving rewards so 1.5 billion dollars actually moved out of the unit swap staking pools i mean that's a huge movement right 1.5 billion dollars i've also just finished a just a mini conference call um update from solana and serum which is very interesting right i'm like there's a lot of dreams and i think this is kind of like where i'm having this role where i'm trying to combine everything right there's just stuff that we know and stuff that's in the future that a lot of people don't even dream about and i've just been thinking a lot about this whole ecosystem overall and being very very bullish on it just even in that talk for example i don't know i'm not even sure if i'm allowed to reveal numbers and stuff but a lot of people were um a lot of investors were getting updated on serum and um yeah a lot of interest and a lot of like potential and i think that's that's kind of crazy right so anyways we'll we'll do all these updates it'll be a very short episode for us today because i actually have to go i actually have to leave in roughly um roughly from now like probably half an hour so this will be a very short episode guys um it'll just be all the best parts of everything so anyways let's get started and before we get started though i do want to just fly the intro guys and also by the way just a big shout out to this i've just recently updated one episode on bitcoin out of the box if you guys are watching or listening to the podcast the latest episode is all about trading and this is like this is entering a whole new level world this is where like all the high iq plays are in the trading world so this is with jack tang the guys of chronos research and also they're starting who trade i think something that's quite important here is that the models they use i mean you've heard about ai trading right or like high frequency trading and all the works and these guys are like the top tier of that and it's kind of crazy what they're doing it's like you know before you just hear the word ai as a word but what they're doing with ai is they're essentially classifying trades that are happening and they're putting them into groups sorry is this retail is this institutional is this market maker and then they're making judgment calls and deciding where bitcoin is going to move in the next few minutes based on these trading patterns and using ai to identify and classify people into that that's like super powerful i mean that that's like next level plays right these are the highest iq plays and that everything that's happening in this world so i definitely encourage you to check that out obviously they also talk about their platform wutrade as well and this is something that's like yet again i'm invested in wutrade and one of the reasons why is because this is one of the big plays that's going to come out very soon well in fact it's actually out but it's going to build up kind of over time and something that it's doing is basically combining the liquidity of a lot of exchanges pulling them together so then they can have a bigger access so basically people can dump a lot of money or buy a lot of bitcoin without significantly moving the market so anyways it's kind of crazy up there so anyways uh regardless let's just hop in straight into it so okay um guys check out the podcast you just google it bitcoin out of box it doesn't matter where you are at at apple podcast spotify podcast um google podcast everything it's on there and you can just listen to it so anyways let's scroll let's take a look at the markets first so first of all bitcoin passing 17k and when i passed 70k yesterday it was like bam so the pattern that we've been seeing recently was a bitcoin was in this channel for a while right so we had higher lows right we had higher lows in this pattern we have higher highs for a pattern we drew this channel and then yesterday we broke out of it that was like immediate so this is a situation where ta actually worked you can kind of see that it was trying to attack this resistance line all right attack attack and bam it shot past it okay yeah that yeah that trends over right now it's bitcoin signifying you know what we're gonna enter a new zone which is what we're in right now so yesterday it shut up and it's trying to see where the bull where actually well not the bulls we'll see where the bears are at so right now the bears are roughly at around 17k 800 so almost around 18k level which is like the bears are just sitting there you know selling off a little bit and you can see that pattern yesterday so over the past few hours we've been seeing this kind of we're trying to see where we're at right we're trying to no one really wants to move at this current point you know yesterday we shot up to this level and then we kind of you know the bears try to push it down and yeah we're we're not saying anything to that we're not we're we're not taking any of that we're not going to go back down that's what that's what all the bulls are saying the bulls are saying we're up here we made this new fresh new ground and you bears you better decide when you want to move out because that's just a matter of time so yes yet again we see very very strong potential and yet again this is a situation where bitcoin bitcoin hasn't been above this level for a long time and something that's kind of very interesting on the note of bitcoin too is that bitcoin we recently just have the halving right we're talking about this and it's just almost functions like clockwork right if you think about it we're talking about the halving we're talking about how bitcoin moves up after halving and not immediately moves up to having roughly around six months after which is well pretty much right now so it's like almost like clockwork right now that the halving is coming in playing a big factor why was the halving why why that delayed effect after halving too well halving happens and what what what's the biggest impact is that the amount of new bitcoin being created drastically decreases right and this is something that it's programmed it's known but now we're feeling the effects of it people who are looking to buy and source large amounts of bitcoin a lot of times they just target directly the miners right the miners they get a huge amount of bitcoin but now because of the halving that amount has halved well that's kind of built in the name and this is why we're seeing this kind of positive momentum now if people want to buy they have to buy out the market they can't buy it from farm for miners and this is the kind of effect that's coming in so if you look at all the stock and flow models and everything well the delayed effect of halving is pretty much happening now on top of this obviously something that i'm eyeing very closely is interest into it so like i said interest in bitcoin right bitcoin trending number one it didn't last too long okay so i'll put the brakes on this a little bit so it was number one because maizey williams tweeted about it and then elon musk tweeted about it and everyone else jumped on it on twitter and then of course it just kind of fell down so i fell down like you know it just kind of dropped around there and now right now bitcoin's not trending at this current moment i guess obviously because since the u.s is asleep right now but i think that's kind of interesting i mean after all bachelor is a little bit more interesting than bitcoin apparently i have no idea what the general public is into these days i mean you know you can watch a black trorette or you can make money all right like the choice for me is clear like i you know i think i'm just built differently i think i'm built differently right you can watch emily in paris or the black trorette or any of these cool shows or you can make money right you can just sit there click a few buttons make money i had a question just um pop up on the live chat you know they're saying okay if u.s re-enters lockdown again or and this is actually you know this whole coronavirus thing is a big mess right but if u.s interest locks down again or if uk or europe you know they're re-entering lockdown and would that impact bitcoin i would say absolutely and it's going to go one direction which is up we kind of saw this year this huge amount of interest in stock trading and in big plane driven by lockdowns why well because people are sitting back at home they're not they don't even know what they're doing right like all of a sudden they're locked down they can't go out what do they do well they can either watch the bachelorette or they can make money right like it's the the choice is so obvious and obviously some people are doing it and that's why you have all this like kind of like instagram or what's it tiktok stock investing tips it's because people want to make money but people people are looking for opportunities and this is one of the most fertile grounds for if you think about crypto and blockchain i think i'm forever thankful that i'm here because i know exactly what's happening and i can place huge bets right i'm not i'm not i'm not i'm not like i'm not a pussy i don't i don't have to be like oh i don't understand this i'm just gonna try with a little bit of money i can be bam like throw that on i don't know that's that's power right so i'm glad you guys are all watching this and by the way guys smash up those likes it's really important smashing likes really helps this channel it's uh it's kind of a insanely simple thing to do to help support this channel to smash up those likes guys so okay so that's my that's my rant there i feel like lots of momentum are we at the top yet are we are we are we even started yet i don't think so yeah i mean yes we're trending a few times on the searches but searches for bitcoin so bitcoin trend bitcoin trends not as much right so if you look at google trends for bitcoin past 12 months globally right globally it looks like nigeria south africa ghana so africa is really strong here and interest over time we're still not spiking yet right so this is something that i'm very very closely eyeing for how many people are interested in searching about bitcoin the spikes really happened in 2017 and that kind of coincided with the insane burst of price movement as well so right now we're we're moving up uh we're moving up ish all right there's still some resistance and yeah i'm not that's not the way to analyze these graphs also um you can look at region wide as well i think that um the other thing to look is at u.s um traffic and searches for bitcoin it's not the highest the strongest yet right so yet again we still see that pattern um which is interesting right which is interesting like general public they're not and this is kind of like a little bit different from 2017 which is also quite interesting where the amount of people trying to learn bitcoin is still relatively small at this current point but we're still moving up very aggressively and it has to be due to the number of people who are selling which is tiny tiny um like i've i've talked a lot to the guys at genesis block as well so genesis block is a otc so they're over the counter they have institutional customers they deal with large sums of cryptocurrencies um you talk to them and they're like you know the the volume in terms of sell side right people wanting to sell right now is astronomically now like virtually no one wants to sell and i think that's the situation we're in the big boys have accumulated over the past few years it's very clear right when when you see on public media that everyone is so bullish when you see big paypal already making these movements they have already accumulated beforehand right that that's that's obvious right you never go public and say oh i bought bitcoin unless you bought bitcoin already that's just that's just common sense right because once you do that and shout it out obviously the price goes up right you don't want to buy more expensive than you could have bought low so obviously the big players they've always they've obviously made um accumulations over time and now yeah so so sell volume is just astronomically no no one wants to sell and you talk to twitter and people are just gonna beat you up if you want to sell next up we got ethereum ethereum is making exactly the same movements it's pretty much mirroring the bitcoin chart i mean you can take a look at that now the extra thing on top of ethereum and the top of ethereum price movements i would say it's that's pretty interesting is that ethereum was not affected by uniswap so this is pretty big uniswap had a huge deposit a huge war chest of ethereum in the pools because they were rewarding uni and that amount of rewards was huge people were depositing both eef die eef usdc eef usdt and eef wbtc into the uniswap pools um to get rewards over time so they're farming and this is something i've said with this is usually done by bigger institutions right they really do care about that 10 percent if you have billions of dollars sitting not billions millions likely so they have millions and they accumulate two billions right the sum of all the funds accumulate to billions so if you have millions of dollars sitting in there doing nothing well why not just claim 10 15 whatever on your eef usd or whatever pools you have so that was very popular a few people were very afraid that eef was going to dump after this reward ends because of just how much there was on there so yes um after the rewards and the funds will take it out because there's no rewards anymore and 1.5 billion dollars was withdrawn both in terms of eef and both in terms of usd something that's going to be very interesting in the times to come of course if you guys look at the uniswap stats i should have loaded this uh uniswap a little bit beforehand but they didn't immediately dump right so some people were fearful that people were going to immediately dump their eef after they get it out of unit swap and you know that's that's that didn't happen right no one's that dumb and i will say you the bigger institutions they're in it for a longer period of time especially if they're just looking for that small percentage of rewards so let me just take a look at another thing as well um i just want to look at the eef pools and see how big they are because this is going to be interesting because a lot of people were saying that the liquidity of eef right so let's just take a look at eef usdt yep okay so this this makes sense right so you can see that before we had around 535 million dollars worth of liquidity here and now it's dropped so people have moved both out of the uniswap pool um rewards farming area and also out of the eef usdt pair as well in the liquidity pool this is actually quite interesting as well because once this happens it makes eef less liquid which is actually good for eef moving bigger prices like if you want if eef wants to move up now there's less kind of um liquidity there so it's easier to move up right food for thought food for thought right so this is kind of interesting moving forward so a few things i think that's like quite positive i feel like um people who want to stay people who are committed this pool hasn't dropped to zero but at the same time you know like with reduced kind of liquidity here it means that this eve can do something and that something is quite important too because that eve should move to here which is the launch pad for ethereum 2.0 so right now as of this point this bar okay so we're always talking about ethereum 2.0 this update to ethereum and for ethereum 2.0 to update in its current state right i'll have to say this so developers have said that they want this bar to fill up before a week before december the first right so that will be the 24th so we literally have a week now so we're we're we're at the 18th right now so we have one week to fill this bar so eve needs to go in here right so eve needs to fill up this bar before ethereum 2.0 can launch obviously if it doesn't fill up developers can kind of like reprogram everything and change it but this is like this is like their goal right so two things a few people were very skeptical that this was going to get filled but it is getting filled like it's moving and what i'll predict is that towards the end it's going to drastically increase in speed in filling this up reason being is because people always want to wait till the last minute especially if that ethereum could be doing something like maybe earning and yield farming well that could be it and now that the uni swap pool is over i can anticipate more movement to eve 2.0 for everything to start and if you think about it this is not a small amount of eve too right you need to have 700 700 500 and 24 000 eef right so at current prices let me just do that very quickly i have no idea where why i lost my mouse but there we go boom uh times 480 that's a uh that's a considerable number that's um what is it there we go that's 251 million dollars worth of eef that needs to go into that contract and note too that once it goes in the contract it's not going to come back out it's going to be locked in there for like two years until things become working so just be very careful with that too i'm not going to drastically promote everyone to do this i think it's not the wisest thing to do right now like we're even looking at the first when ethereum 2.2 2.0 launches and when this bar fills up right um any ethereum deposit on this will become available for validating network and earn passive income but the drawback is that at its current state in ethereum 2.0 um at the start of a launch i don't even think there's going to be with transactions you can't even transact it it's just right now it's just generating random numbers that's what it's good good for it's um there to validate so ethereum 2.0 will start off with phase zero if you want to learn a little bit more about what's happening each of the phases right so phase zero is when it starts and a phase one is when it starts being used like starts being useful has sharding and like it's just starting out and phase two is really when the smart contract starts stuff comes out so yeah check up um video i'll put up there in the future but i have a whole list on ethereum 2.0 um definitely take a look at it so anyway so this is what's happening on eve i definitely see so first of all eve didn't dump which is great and now it has even more potential to move up because the uniswap pools have lower liquidity in them now so i think that's actually quite positive overall so i know this is a really long market update but if you can kind of see right now um in the one hour time period it's also red and a lot of the reason is because asia is less bullish than in north america so when north america is about to sleep usually that's when asia wakes up picks up and they're a lot more bearish and this is not something we've been dealing with for a long time right you saw me talk about this and um that was the case that was the case but what we've been seeing recently in asia markets is that with the asians right now the flood is disappearing right before we had various bits of fear uncertain the doubt especially concerning the two big exchanges in china so okx huobi now we don't have any new updates from them i think they're going to progress as planned but we also have some more bullish news so not so in asia we just we the the bear seems to also be exhausted too i mean the two biggest exchanges there's a lot of uncertainty about that we know that already it's already accounted for now with singapore bank dbs potentially offering crypto services and a new set of regulations coming in hong kong which could be good and bad i think asia is a lot more positive now so that's why even though we see a little bit of a dip in asia i don't expect this dip to last very long so typically speaking what i usually see is the the lowest it can go is when america's fully asleep um roughly yeah in two or three hours and then we kind of come slowly move up so that's kind of what i'm eyeing right now in the market now in terms of my personal stuff so not financial advice in terms of what i'm personally doing so i've done i've pretty much been done accumulating bitcoin i've been accumulating a lot of that over time so i'm pretty much celebrating every day right now at its current point which is great i haven't started selling yet so i think this is a situation where i was talking to you guys you know when markets move up i typically start dollar cost averaging out of the market take a little bit of profit right from my angle from my perspective i've entered the market you know very low right 4 500 a big for a bitcoin i've i've entered the market into the market at 6 000 into the market at 8 000 into the market at 10 000 even i even even entered the market at 14 000 so at some point i've got to take profits but i'm not doing it yet right so i'm what i'll do usually is i probably start dollar cost averaging sell when it's very you know positive um and usually that's a very slow rate as well so i think that's kind of the honest update of what i'm doing i still see a lot of optimism especially for the next few days as well once kind of all the politics and stuff you know or this whole coronavirus and all this uncertainty once it's settled a little bit i think that's when stuff gets very very strong so yeah that's my current take on it i'm actually very positive i'm also looking at a lot of different coins i haven't actually entered the all coin market yet i have made a list of coins that i will be looking at like i've been actively looking at for a while i haven't entered the market in a big way i bought a few coins here and there um just just get some exposure but what i'm looking for next is once the bitcoin rally stops obviously right once bitcoin is done and stopped everyone's gonna start wanting to move over to the alt coins and this is when the all shine right so i'm you know it's almost like clockwork all of this is like the clockwork right bitcoin happening and a bitcoin moving up after six months it's like clockwork now after bitcoin rally finishes like this is what happened with the d5 wave last time um yeah it's gonna move up too i i've been looking at a lot of d5 projects recently as well i feel like the two things that really have a lot of hype right now are d5 and nfts both of them have a lot of hype i do feel like d5 has more legs though uh so just after the call just now with the serum and the solana guys i think one of the interesting aspects of it is that yes a lot of stuff can be done on the blockchain blockchain and we've heard this before right we can do like uber on the blockchain we can do facebook on the blockchain we just throw a throw a powerful app and then like everyone's like okay we're doing blockchain and initially before there's not much reason to go on the blockchain right this is the kind of the not so good part right like why do you want uber on a blockchain right but i think now with decentralized finance we have more and more reasons for it because that ecosystem is very strong so if you think about it like i made a tweet about this just a while ago and it's like you know right now we've already have right we we got exchanges on the blockchain we got uniswap we just talked about that we got borrowing lending platforms so be it your compound your ava your cream you've also got crowdsource liquidity i think this is one of the most powerful aspects and biggest drivers of decentralized finance i mean liquidity pools man that was where it was at right you you get everyone to be able to contribute to that market making process so people can easily enter and out exit from a system and these are things you can easily tap into if you want to build anything so if you want to build anything in the world and you want to make a token for that well yeah just do it on blockchain and boom you got exchanges on you got borrowing lending you got all these services all these services why build elsewhere right why build on traditional markets like did you really want to talk with the new york stock exchange or like do you really want to go through that process do you want to talk with the hong kong stock exchange and have the chinese government look over your shoulder every single time to be able to access an exchange this stuff is like in built into the crypto ecosystem and as that ecosystem grows larger just more and more incentives for projects to come here and have leverage to that to that okay so initially you know speaking about this whole uber thing i think like i've heard this pitch like a million times oh yeah we can build uber on a blockchain but like why well now maybe you can kind of justify why what if you can leverage your existing uber business or your car loading system and then take it on the blockchain and take investors take tokenize that or create a borrowing lending system for that too i mean it's still pushing it a little bit all right it's still it doesn't give enough incentives yet but i can slowly see the applications that can yield and leverage this power come into blockchain so i don't think we're at the uber stage yet realistically i don't think so but we can see more and more of that ecosystem being built out if anyone wants to tokenize something great and it's something i can see with nfts as well because before nfts sure just issuing a card all right that's great right or maybe putting an ass in a game but now with the system here you can now access more exchanges like liquidity you can tokenize and fractionalize that nft and split that into a million portions like what if this nft represents a property now you can tokenize that fractionalize that sell it off to different people and now anyone with like literally like 25 cents or something like that like just pick that off your pocket oh now i can invest in property right like there's there's a lot of power here there's a lot of power here and i think this is where we're going to go and um that's i'm super happy to be a part of all this i think that's that's that's great so yeah i think i think this is like insane i think once this ecosystem is being built out i think that's there's so many reasons to be on blockchain but obviously that's the downside obviously to that is there's so many scammers i've talked to a lot of scammers too like just like you're going on calls and you're like this guy's an idiot so i think this is the most important um it's just like this is like the dot com boom essentially right so much innovation dot com is gonna like at that time i'm pretty sure everyone knew that dot com was gonna take off but at the same time there was like there was just chaos and i think this is what's happening right now with the blockchain boom as well there's so many applications but you need to find the right people the right minds and uh yeah that's that's what i'm doing right now like that's why i'm going on these cars i'm listening i'm figuring out what's happening you want the high iq place you want to find the next kind of the big place and on that as well showing two things obviously i talk a lot to sam i think that's someone who's like he's gonna change d5 for sure um i also talked to a wu trade guy so i would definitely encourage you to check out the either the podcast right i'll talk to jr about the podcast either you don't watch this interview on a podcast jack tang with wu trade guys or watch the video on that so wu i had the worst title for this video but all right this is a video you need to watch reason why is because these guys are making such big plays in the trading scene it's insane and we talked about some things that we very rarely talk about in this channel which is with like toxic flows and exchanges what it was a toxic flow right what are toxic traders right all of that and i throw them pretty hard on this episode so i definitely encourage you guys to check it out to understand the trading world and where that's coming i think like it's a lot of power as a lot of power and what they're doing like what they've done so far was like they kind of linked the liquidity of a lot of exchanges like the who exchanges combine all the liquidity of these exchanges together this is going to change the exchange ecosystem forever and of course they're doing something that's absolutely insane which is a lot of free trades as well so i i don't know it's like i'm like these guys are like next level high iq plays right so just check that out um iron mike on a bike says who's sam sam is either the hero or the villain of crypto right now sam bankman freed um spf uh he runs um fcx exchange so uh this guy this guy with crazy here i don't know why why i'm not following him am i not following him oh wait oh wait that's fake that's fake this is a fake sam haha is it a fake sam this is a real sam anyways but sam the guy with crazy hair um he runs ftx alameda which is a fun so he has a lot of hats right so he invests heavily into crypto with alameda then he has ftx which is one of the biggest derivatives exchanges and pretty much is going to outperform everything it's pretty much given at this point that ftx is going to just destroy um everything at this point and he also runs an exchange called serum on decentralized um a decentralized exchange so it's kind of crazy um it's a guy that people love and either love or hate so like when markets are rising and people think that he's pumping the markets then everyone loves him and then when markets dropped the defy market dropped everyone pinned down on him too and he became the biggest villain too but honestly he's like one of the smartest people out there regardless of what you think about him i think it's like he's gonna make some super high iq plays it's just like you gotta keep an eye on these people so on that note as well if you guys are interested in trading on ftx um which is pretty much my de facto exchange now so this is the exchange that doesn't have predatory uh systems i i know a lot of exchanges right now especially exchanges to offer leverage they're very predatory and i really wanted to avoid that on this channel but if you guys want to trade on ftx basically they offer the most things to trade on there like for the longest time i was uh i was looking at like trump go trump stay right so like i'm looking at these numbers to say okay look trump go would be redeemable for one usd if trump is not present by february the first so like right now it's at 0.84 which means the 84 chance um that he's gonna go right and if you disagree with this number then you can either buy or short it right like this is the power of these trading platforms but anyways yeah so this is this is my my public account and i have my own trading account obviously on ftx but i'll do some guys i mean i didn't do a lot of these guys on these exchanges because i thought they're extremely powerful way too powerful for most people to handle especially because you can use account leverage to do stuff but i will talk about them because i feel like um as a user it's just power right um yeah so angela just posted the box money ftx code thank you so much for that so anyways um ftx in the us no absolutely no and i think that's one thing that they said very early on they do not have any us um customers or they don't accept us customers so yeah don't if you're in the us sorry sars sars um iron mike iron mike on a bike does ftx sell new low cap cryptos no so i think a few things with um ftx so what they do is they offer leverage or future positions on a few medium caps so i think that's kind of interesting where you have uni and you have like there was one which is tomo the one i used extensively was with tomo uh reason why was because there was a farm farm opportunity for tom tomo but at the same time because i was farming and holding tomo i needed to take a short position on the other side so i can reduce my risk right so it's all these high iq plays i can only do on ftx like like no one else offers that market but ftx so anyways um long story cut short that's how it goes so uh that's how that's how it's going and anyways there's a lot a lot of stories a lot of lot of stuff interesting that's coming here and recently they added um trading for stocks so if you're global um if you're non-us um you can start trading stocks and they have this huge giveaway thing which you know yet again i'm not a big giveaway person but um yeah you can now trade u.s stocks on it which is kind of crazy but um why not you can start buying tesla um and you buy your teslas your tesla futures on here and stuff it's kind of crazy but anyways so yeah i'll use that code if you are non-us and interested in this all right um i think that's pretty much it for what i want to talk about i will let me see there's a few shout outs i have to um say let's see so one was with anchor so anchor guys i'm looking very aggressively at eve 2.0 right now so um anchor and staker they're coming out with a service to start staking and allowing the stake for eve 2.0 in a decentralized fashion and recently they moved 100 1 273 eve so this is already staked on staker so yeah um i'm actually doing a lot of work on eve 2.0 i'm researching it i've actually started my eve to eve one node and you used to use that eve one node to um as a source of data for your eve 2 node anyway so that that's already underway that's already started it is a pain to do it manually which is why i'm looking at these services so uh staker is one of them there um and also of course um it's part of anchor it's a free service divided by anchor i'm quite i'm good friends with those guys so there you go so um great gifts sounds like ftx is gonna get wrecked soon if they're offering us stocks that's actually kind of interesting that was the first question i asked sam i'm like um so i was at a dinner last friday right um and sam was there and i sat next next to him i was like sam look uh win jail right like like not to be offensive right win jail um but he asked her answer the question well if like there's certain ways to do um and certain ways to do this properly and they've done it properly so i'm like whoa okay all right first of all he didn't take it offensively like i literally asked him like you're doing us stocks like this is super dangerous and he's like no it's not dangerous if you know what you're doing and you know he knows what he's doing so um gg um yeah that was like super blunt um but you know that guy's smart that guy is like super smart man that guy is crazy smart um yeah i got showed him really hard on a few things um i'm not sure if i can review off it but it's kind of crazy but massive respect like like i really respect people where you can just throw any question at them out of blue even if there's like hyper aggressive like hyper aggressive douchebaggy questions which is something that i'm starting to do now and if i can throw them at them and they can answer them correctly like massive kudos like super refreshing super refreshing like you hit them hard on some things like i literally like during the interview for for um the episode with um jack tang as well he was one of those people who i can aggressively target as well i'm like dude you're running like a fund which is literally generating toxic flow right like you know you're shoving that like onto your exchange um won't people get like screwed over and like all these direct questions about um you know conflicts of interest or stuff that they might not be doing perfectly and they they managed to answer these questions i left them uncut in the video it's great um check it out i this is the power of being on like blockchain um being not just on blockchain but doing videos on blockchain i can just throw questions out real wild and um it's great to see how they respond so you know that's the kind of fun bit so yeah just check out that interview definitely um worth worth your while it's worth your while especially if you um if you on the go i would definitely recommend you just like you know listen to it on podcast and that's the way to do it um i think that's pretty much wrapping up this episode um i think we're like let me just check what else is there are and i was like reading reddit this morning uh so yeah i got this tip from reddit um there was a good comment here which is very highly up on vote voted which is smart i think if we're really in the eve of a bull run then there'll be a lot of new people be sure to be kind to them and help them learn crypto is hard capital caps um yeah so this is i think absolutely true um if you actually look at the amount of toxicity in crypto i mean you know people are very elitist there's a lot of tribalism going on in the space a lot of misinformation and i think this is the opportunity for us to be a lot more generous and that's something that i've been talking like i've been trying to do a lot more on this channel is to not be so tribal i know i know i get very tribal sometimes all right especially with regards to bitcoin cash or ripple or you know the obvious ones i don't like or like um yeah but i'm trying to be less tribal all right so so if i if if you guys can't catch me out on that by being super tribal um you know yeah like just just caught me out on it caught me out of it um txn says stop shilling sam his shady character and you know it everyone's a shady character man everyone's a shady character uh but yeah like mind you he's gonna be crazy he's like he's like the next chef basals like of the space right we got crypto ng um ngin says what alcoin are you looking at so a lot man a lot so i'm looking at the d5 y d5 ones specifically so i'm looking for ones that are on sale so unfortunately i didn't miss out on yfee so why if i you know being the flagship of d5 um you know it dropped to 8k now it kind of doubled up it's in it's in a crazy position it's not 23k right now so i looked at this and i was like you know and i make a good re-entry i kind of missed out this entry position here so i'll be honest about that um like that time i was primarily in bitcoin it worked out but obviously this was a good time to enter um right now i'm still looking at a few other d5 ones i haven't really locked down to be honest um i feel like i don't want to i don't want to join something that's already massively popped right so the upside is lost i feel like yfee probably can still do something but i'm like it's decisions decisions decisions i'll update you guys on my thought process later i'm like it's it's hard because you know with hindsight obviously 8k would be no brainer but now at 23k is this a good position to enter or not that's a much harder question to answer so i'm looking at a few chain links one of them as well i think the ones that you know dot i already have a lot of binance coin exposure um who knows maybe tazos is moving up a little bit i don't know how to i'll have to see i have to see i i recently taken up like i told you guys i recently took up a position in cyberfi um so but that was at a lower rate um so that did very well but yes trust swap is actually not bad uh swap let me see how high swap has moved so yeah trust swap has been accumulating a bit um i'm declaring my conflict of interest here i'm an advisor for trust swap but they dumped and now they're moving up and also they have the coin offering that's coming up soon so that's on this friday for pushing for coin so that was why i was under my radar i also want to see what's happening um we also have yeah angela whence talking about the top coins video that's great a lot of this the same but i'm also looking for some re-entry positions on there too um oh we got a reef aktar aktar says please show flappy coin have a wallet from 10 with 10 million from 2014. is that is that coinciding with flappy bird i just want to know i just want to know has it been that long already slappy bird it's it's slappy bird 2014. flappy bird what year was it yeah that makes sense right 2013 2014 so flappy flappy coin is probably from that era interesting interesting interesting um michael sky scalon says cyberfi down um 35 percent um cyber cfi um okay yeah it's down i got it around two dollars ish like i picked some up during the dip and i was also in the uh initial rounds too so full disclosure there too uh so yeah be careful with that too i think the next unlock is gonna come in a few days too so if you guys are like a little bit too um careful about it you guys need to know what's happening all right cool cool that's pretty much it so what's your target price uh trep trepability says what's your what's the e price target for 2020 2021 man i i don't usually give up price targets i feel like um price targets are very i find very hard because like if you take it to well-known price targets right let's say john mcafee said one million dollars for the price of bitcoin by the end of 2020 and walls a lot of people really enjoyed um and showed them hard for that having a price target is also i feel like it's just telling people oh you should exit at this time or you should buy because it's going up to this time i feel like people who need to who want to be in this space or need to be in this space or should be in this space should understand the value of it i feel like eve is definitely has a lot of potential right i feel like target wise it's hard um like i would say i'll be happy if if hits like 800 by the end of 2021 um very likely it's gonna go and yo-yo and you know that's that's how it works but i'm i'm much more like okay look i'll be happy if people just understand this i mean that's kind of the way way here i mean it's so easy for people like to make a video and say oh eve target 10k and then you know news about oh my god this guy is so bullish 10k but i find that's like the sort of mainstream kind of stuff i'm trying to fight here which is more like okay look what is the value of this right um yeah that's my two cents that's why i don't really give price targets very often i feel like like i think people like it i think like from a brand perspective i i should right i think i feel like it's i should be giving these like crazy targets and making the news but at the same time i feel like like being realistic is it's cool it's cool for now 800 if you heard it here folks i'm very i'm very um i i always like i'm a guy who likes to like uh times i like to under promise and over deliver i think that's key and i think a lot of times you've just put these dreams up and it's not necessary right like 800 i'm gonna be happy i'm sure it's gonna go away above that i'm sure it's like a 2x that but you know 800 i'll be happy um end of this year all right cool cool uh hypnosis we're going to 10k tonight that's what i'm looking for that's what i'm looking for maybe tonight live stream so make sure you click that um that button guys that was a button down there man i'm such a bad youtuber notifications button yeah that that really helps like my youtube game has been off point i've been doing a lot more investments recently where i'm just kind of figuring out what's happening i've been chatting to a lot of people um we're starting genesis block um ventures gbv uh so this is what the genesis the boys at genesis block we're starting our own fund capital fund and uh getting bank accounts and legal structure sorted out for that uh a lot going on a lot going on a lot going on and just taking on a lot more permanent and good positions in the space i think that's kind of core so i know youtube's been a little bit back but i really want to make sure you guys are updated that's the reason for these streams and i'll give you guys um some updates as well i guess like shorter updates i know that's something that i'm very well known for um check out box mining clips so we have a already have a community team for that this this channel started last week but um it's one of the best ways to get updated on what's happening it just takes this live stream and takes clips from it which is very focused so you can get basically a two minute to five minute summary of what's happening maybe like seven minutes if it's long but the whole idea is it's shorter than this video um this video is for our amazing community but if you want something short like a shot of crypto box mining clips is the place to go anyways that is it um pretty much we got one guy who is like box mining are you still using femex yes so it's for free trades but i have been using it a little bit less recently um i think they're just like i have an account there i trade on there and i think the way i use femex is with these crazy bets because the amount of money i have on femex is not crazy amounts i'm not just storing a war chest there i'm just making some crazy bets um sometimes on femex um that's my guilty confession so anyways um there so we got bricks 18k are we are we broken there yet are we let me just refresh this for a second are we have it broken there we're almost there guys holy crap holy crap i'm i'm like we're we're watching this live guys holy shit it's there it's there we've broken it we've broken it so holy crap guys this is on like i'm sure i mean like look we're 15 off right so i'm sure on some exchanges so we've already broken 18k again and this is crazy guys asia is up right now like asia is up at this current point and we're still breaking through these walls this is insane this is nuts uh so let's see how well we can keep this up we need a new title for sure we need a new title for this um let me let me actually reach let me change the title breaks 18k holy crap guys i didn't expect this to be honest i think like you know like i said asian markets generally speaking are a lot more docile a lot more bearish but this is actually really bullish news for us so 18k and coinbase absolutely holy crap guys my face pumping it don't stop till 20k holy shit but i need to go guys like for reals for reals i have some stuff to do today um so yeah guys thank you guys so much for watching today that's like the best note to end it um end of today's stream so thank you guys so much for watching i'm also going to go shopping for the rest of the day so i'm very likely going to buy a bunch of crap that i don't need um including maybe that new macbook i've been looking a lot at apple recently um finally the new um the benchmarks you know i'm a total geek on this the benchmarks for the new map um book is out and i think like this year is great for tech so much competition in the space i mean love it or hate it apple is going to drive so much competition in the mobile um laptop scene it's crazy right because they're using their own m1 chips which is based on apple silicon which is based on the stuff that they've been putting in iphones for a long time but running full-fledged mac os and the stats on that are crazy right if you look at video rendering on those m1 chips like um yesterday i was like watching a bunch of videos like marquise brownie and dave lee and all those guys holy crap like the final cup performance on that is amazing and for me as a content creator i'm like holy shit oh that's all i need right i just need to take a mobile stage because this is this is like for so this computer i wanted it to be my mobile one right this is the 15 inch macbook pro but you take it out and the fans just going you know because this has i9 on it right it says one of the top tier intel processors but also the top tier battery trainer right it just burns through that battery like nobody's business it makes everyone like oh yuck you know why is box mining computer like fucking like and why is it taking off like a rocket you know it's bitcoin over 10k yet but you know anyways i'm pretty excited for being able to take a mobile no fan computer out to edit videos and hopefully stream on it but yeah um i'm getting m1 macbook fomo like crazy but but there is a a caveat right i've looked this up chrome doesn't work very well on the m1 laptops in fact doesn't work well so if you look at sarah dici's video uh i get all the secondhand information because i haven't tried it firsthand yet i just need to go to apple store today check it out but um it takes she said that's right three seconds to load chrome and three seconds to load a plug-in and i use metamask like crazy right so i think that's what's stopping me from buying that macbook immediately it's like if i can't use metamask and it's it's very slow especially because chrome is a memory hog and the new macbook has very low memory and it's not native and if i don't get that support there i'm gonna pass on it that's that's the thing i think metamask is holding me back so we'll have to see anyways that's it guys um let's see where bitcoin's at i'm super excited to find us about this too yep we're past we're way past 18k or eight we're way past that um we've flown way past that already uh let's see one oops i don't want to upgrade yet i want to go one minute thank you very much or maybe five minutes thank you very much yeah why why is it so broken right now give me a sec yeah we're just moving up guys let me just refresh this reload boom that's right that's much better let's put it to one hour yep that's pretty good guys guys thank you guys so much for watching pump it guys it's a great time um that's gonna be strong so guys thank you guys so much for we are skipping 18k i think that's it man i think once we pass this once we break past this we're gonna test because now now we we're pretty much right if you look at it the resistance was here right we're talking about that resistance which was here we're breaking past that right now lots of updates so i have to go though for reals um but i'll definitely make a stream sometime soon make sure you click that um button down there that's called notification bell subscribe notified smash up those likes do the whole youtube thing that's great um i'll see you guys very soon cheers i like to 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 it 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 so so so so so so so so so so so so so so so so so so