(Thursday) BIG DUMP - ETHEREUM and Bitcoin PULL BACK. What is HAPPENING.

in today's stream. So guys, welcome back to another episode of BoxMining. It's on the 26th of November today right now, fresh and early in the morning. We're talking a little bit about what's happening on the Bitcoin market. So even though we've been moving up quite a bit in the past seven days, in the past 24 hours, yeah, it's not that great. It's not that great. So I'm sure a few of you guys are concerned here and we'll talk a little bit about this retrace that we're seeing this kind of pull down and this is completely normal and it's actually quite healthy in the crypto stages. But we'll talk about some of the concerns and guys, tell me if you're concerned about this market right now. So we saw Ethereum, we're seeing Ethereum dip to $554. So this is actually down from 600, from 620. So I'm sure a few of you are concerned, but actually, I'm actually very, very bullish off on this market right now. This is actually good. Great time for new people to enter this market. And we don't know how long it's going to last. I mean, we've seen this in the last few bull runs. It could potentially drop and we've seen some potential huge dips as well along the way. So anyways, we'll talk about everything that's happening right at this current point and kind of the current climate that's going on as well. So guys, leave a comment to tell me how you're feeling. Tell me where you guys are also from as well. I'm going to do this more often because it feels like a lot more people are getting back into crypto. I think this is the overall sentiment that's happening right now. I've been talking to a lot of the OTC and the Introductional Trading Desk. I'm talking to Genesis Block over there. We also talked to the guys at FTX and they're all talking about increased volume by, because of the reactivation of older accounts. But at the same time, at the same time, more recently in the past few days, there's going to be more new interest too. So this is kind of the update that we're seeing. It's not just the old accounts reactivating, but a surge in the number of new registrations as well in the past day or so. So this new increase in interest, I just want to kind of want to gather and see where you guys are all from and what's all happening on this. So leave a comment down below. And before we start, guys, I do want to tell you guys I've been working super hard on videos and on content. So we just recently got the Bitcoin out of the box podcast. We just updated it with the new interview with Sam Bankman-Fried. And yeah, that's the one that you guys want to at least see what's going on. I think that's the key, right? So it was a really deep down, deep discussion and it was amazing. So this was the one with the fixed audio and yeah, hopefully you guys are good. Feeling toppy. Chad Limestall says, I agree. It's exciting to tell my stepdad he can DCA because of these dips. Interesting, interesting part. So Crypto Graham says, you muted a part where you plugged my project. I've actually been taking quite a deep dive into Stabilize and a lot of the farm projects as well. So really, really want to take a deep dive. And boy, I've been trying to create content every single day for these past few days. So, you know, I hope you guys are tuned. Hope you guys are subscribed because lots of good stuff coming right up. And on that note as well, guys, if you guys are interested in the Ledger, I mean, this week is Black Friday week. So the Ledger Nano X there, it's on the Black Friday sale right now basically is 40% off. Of course, obviously, use the link down below. It does help support this channel. We have so many people buying this. It's insane. So I think it's kind of funny because this is actually brought up by, it was actually Thomas. He was a video creator. And he was saying that for the next bull run, he was looking for the number of Ledger sales. And I thought that was like a pretty, pretty indirect metric, but that's actually a pretty good metric too, because new people coming in, they need a hardware wallet because at the end of the day, exchanges are not a safe place to keep your crypto. You know that. I know that. Everyone knows that. So getting a Ledger, either the Nano S, let me see on my table here. And where's my X there? There you go on my table also here. Either the S or the X, they're great options. And if you're actually looking for it, I looked at the sales. If you guys are indecisive, the X is the way to go. I think right now, 95% of people that I see on the back end, they're buying the Ledger Nano X. The reason why is for a bigger screen. That's why they're getting the upgrade. You can see the entire freaking transaction on one page. So it's much better. And you have much more support for different altcoins too. So you have more altcoins you can install because of the memory upgrade on the X. And if people are worried, this one has the Bluetooth. So if you see people are worried about the Bluetooth, you can actually absolutely disable it. I've actually disabled it because I don't use the mobile app for the X, unfortunately. You know, it's just, I just disabled it and I just, I use it, you know, cable wise straight into the device. So yeah. So check that out. I'll link, leave a link down below for the Ledger. Check it out. If you guys want to, it's 40% off right now, which is pretty huge. Let's be honest. So yeah. Check that out when you guys are ready. Kim Crow versus Ledger is useless. Not really. Absolutely not. I think a lot of people get confused. I think a lot of people feel like, oh yeah, you know, it's just like a USB key. Like, you know, you know, USB key can keep your crypto, right? No, absolutely not. You want a separate device because the key never leaves the device. This is why like these devices are key. Like whether it's Ledger, Trezor, whatever hardware wallets are essential. It's like, it's why my desk is filled with them. It's a, there's a good reason. It's because I don't want to get hacked. Um, I don't want to lose my crypto. Like that's stupid. All right. Um, let's go straight to today's video. Actually, let me go for the intro. All right. Let's take a look at the market. So this time, you know, this, this tweet that this video is timed so we can move the markets up a little bit, just joking. But yes, the markets have been pulling back in the past 24 hours. So Ethereum, I think it's probably going to raise a few eyebrows because, um, in the past few days we saw ETH push all the way up to 620. And now we have this retrace going back down. And this is where, in a situation where TA works and kind of doesn't work, right? We all want to know where it's going to go. And, uh, to kind of explain the current market in this current situation, I want to say two things, right? So something like this is absolutely normal. We, we've, we've been having number go up for the past two weeks, right? Every day, number go up, number go up, number go up. Um, there needs to be a time when the market kind of cools down, retraces and gives entry point for those people looking for crypto to go back down a little bit so they can enter. I think this is kind of very key right now. And a lot of the reason why we're going down is because of profit taking. So there are, there are people who, who obviously got in very early. I mean, think about it this way, right? I've been talking about Bitcoin for the longest amount of time, right? Even throughout early on this year, when it was 4,500, you'll remember that dip when Bitcoin dropped down to 4,500 and Ethereum was like 80. Yeah, those were the days, but yeah, anyways, so obviously there were accumulation or whales accumulating in there. And that's kind of where profit taking can happen right now, especially because of this insane run-up. But that being said, of course, I'm feeling very, very bullish right now because of kind of where we're going. Like if you look at the global politics and the whole situation right now, we're not going to a great place. And, you know, the recent statistic on the U.S. dollar, basically printing 20% of its supply this year alone. Holy crap. You know, like that's kind of insane. Just think about it. Your, your, your savings deposits are worth literally around 17% less now. It's kind of crazy, right? So that's nuts. But anyway, so moving on to the markets right now, I feel like right now we're entering this retrace and one thing to be careful about these markets. And I, I made, I explicitly made a video about this yesterday because this is such a big issue. And this is regarding leverage trading. This is, this is the worst time to be in leverage trading right now. Like, well, not the worst time. There's people who do it properly, but yesterday we caught this on Bybit. So this video yesterday was all about, you know, one of the potential flash crashes that could happen yesterday. This happened pretty much roughly 30 hours ago where Ethereum prices all of a sudden dipped below 500 on this one particular exchange, one particular trading pair. And such a situation is 100% intentional and it's designed explicitly to kind of wreck people. So I know a lot of people are feeling bullish. They kind of take a long position on Ethereum. And if they're on a leverage long, so anything more than a five X, they'll get the position liquidated. They'll be left that account or sub account will be left with zero. All right. That's the worst part about this kind of leverage trading is that if a flash crash occurs and it just like, it's a, it's a flash crash. Like if you look at the timing mark, it's like 30 minutes. So it goes down and it goes right back up again. It's like a slap in the face. Basically you can see Ethereum, even if Ethereum goes up, you're left with no position because you got liquidated. And something like this is like, I'm still very, very careful about this at this current stage. And this video really covers it. So just take a look. Um, this, this type of behavior isn't limited to one particular exchange. It wasn't really talking about one particular exchange either, but, um, you can actually search Ethereum flash crash 2017. And this happened in 2017 as well. Right now I will say, you know, it's not as aggressive, but back in the day, you know, back in the day, three years ago, this type of flash crash also happened. And it brought Ethereum from 319 to 10 cents. All right. It's a cascading liquid series of stop losses, liquidations, which kind of causes death spiral. And it was only for a few like minutes really. But the problem was it left a lot of people in a lot of positions liquidated and just people ended up selling Ethereum for a price that they would never ever want to sell at. So anyways, um, just kind of refreshing history. I was kind of talking about these potential flash crashes that can happen now. So that's kind of my word of caution. And this really goes because, you know, a lot of YouTube and I've seen, you know, a lot of people complain about this, all YouTube success pool, et cetera, because a lot of people start promoting by bit or about promoting a leverage exchange and teaching people how to leverage, right. To kind of 10 X their gains, but they don't understand the risk. I'm absolutely fine. I'm not against leverage exchanges, but I'm just telling you guys, this is something to watch out for in a time like this. And one of the kind of the, um, the effects of this is that because there is people who are doing this, we'll see these sudden spikes both up and down. And that's absolutely normal in this space. Unfortunately, unfortunately. So, okay. So let's see. Trading view pop that up. So we still see Eve kind of dumping down. It's really maybe gearing up to a black Friday sale. Maybe that's maybe what it's happening right now. Let me try to load up a chart for you guys here. That's my take on it guys. Black Friday sale on Eve, get your Eve at a discount. So you can see we're pulling back right here. So could we expect some support possibly here? So yeah, again, we saw some resistance here, but it was very minor. So yet again, it's a, this is kind of like, it's very hard to chart here because it's very uncharted territory, right? So potentially we could see some support at the previous resistance and that's a possibility at its current point, but we do have quite a strong bleed out at this current point. I mean, I've been the past two hours. It was kind of crazy devastating. But that being said, of course, I don't, I feel like there could be two reasons. It's like, especially why it's especially prominent for Eve as well is because the rally that led up to this was because of Eve 2.0. People needed to have Eve to stake in that staking contract. So people were buying up Eve and then staking into it and then locking it off for two years. And I was kind of saying on this channel, like I'm not ready, readily diving into that yet. And there's a very good reason for that because you want your funds to be fluid, right? So anyways, at this current point, yes. So that kind of led the rally. And now we're having this retrace, this pullback because of kind of, okay, look, the news is done, you know, buy the rumor, sell the news kind of sort of situation. So that's kind of where we are at this current point. So we've got Bernard Macarius says, I'm pleased we had this correction. I was getting very, very concerned. That's actually, that's exactly pretty much the way we're all looking at. So the pullback allows us to kind of have a breather. But at the same time, how far back are we going to pull is now a big question mark. So that's going to be interesting. Sounds like he doesn't know about the Brian Armstrong tweets. Let me check that out. I was not actually looking at Twitter when I started this. I was actually playing around with. So it actually does sound like that. Let me take a look. Brian Armstrong. Let's see what, let's see what he's tweeting. All right. So it's just, all right. So let's just kind of read this. We sent that, a letter to the treasure last week, a number of number of crypto companies, investors articulating these concerns. So if crypto regulation comes out, let me just see the entire thread here. Wow. That's a long thread. So let's go through the thread. The news posted four hours ago. Yeah. Seems like it. So yeah. All right. Last week, we heard rumors of the US Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this will have unintended side effects. I wanted to share these concerns for those who don't know self-hosted crypto wallets, also known as non-custodial wallets or self-custodial wallets, a type of software that lets individuals store and use their own cryptocurrencies instead of needing on rely on a third-party financial institution. Self-hosted crypto wallets are important because they allow anyone to use technology, blah, blah, blah, blah, blah, blah, blah, blah. So it's really us talking about self-hosted wallets. Let's skip to the juicy parts. If this regulation comes out, it would be a terrible legacy to have a longstanding and have longstanding negative impacts for the US. In the early days of the internet, there were people who called for it to be regulated like the phone companies. Thank goodness they didn't. We sent a letter to the US Treasury last week, along with the number of crypto companies investors articulating these concerns and others. I guess my biggest response is so. I guess like it kind of freaks out any sort of more institutional investors or more investors who are not attuned to this kind of kind of almost like a battle, right? You know, a lot of what crypto stands for is that we manage ourselves, right? And, you know, we've been through and I've been through various bits of FUD in China, right? So this is almost like the US FUD hitting the market, right? Where, oh my God, oh my God, there might be some regulation on self-custody wallets. Um, good luck. Like really good luck. Um, I think this really concerns Coinbase because they're an entry point. They hold billions of dollars of investors' money. And also they're a big entry point for people to buy cryptocurrencies. So then, you know, they have a separate wallet service and, you know, how, how is that crypto stored? But at the end of the day, right? At the end of the day, we kind of saw China kind of ban Bitcoin back in 2017. It's almost like a joke now, but it's real. It's real. Um, it took a huge hit on the biggest two exchanges in China, Huobi and OKEx. And the way, the reason, the way I'm going with the story is that crypto is super hot in China right now. People are still owning Bitcoin. People are buying up USDT. Like there's no tomorrow. It didn't really play that big of a factor. So yet again, all this kind of news, all this scare, all this regulation stuff, like, does it really affect the market that much? Really? Is that the real reason? I would say no, to be honest though, you know, and we're watching ETH dip right now. So let's see. I would say, you know, it could, I mean, the news happened four hours ago. So that tweet was something that popped, uh, roughly around here. So death spiraled down caused by the tweet for four hour delay, I think unlikely, but yeah, we're seeing a major dump right now. So yet again, it was a situation where, um, there was practically no support. So even though this could have been a support point for ETH going down, um, this was not, we're actually having a big, big death spiral right now. Interesting. So big dump, big dump, big dump. Um, I wouldn't say like, it looks bad on one side on this Brian Armstrong stuff. I wouldn't say it's 100% the reason why we're completely tanking right now. I feel like this kind of retrace is necessary, but yeah, it's kind of brutal. It's kind of brutal. It's kind of brutal. We're seeing, we're seeing this shut dump all the way down to 500 right now and potentially, um, take a look, take a look at BTC as well. And let me just load that chart up. So I guess a lot of concern people up here, uh, if you're a low chart, boom, King, uh, look, taking a look, taking a look. So we got Bitcoin dumping down to 17, um, K. Hmm. Interesting. I mean, let's see. It's going to be interesting how it goes. I think that was a very rapid dump too. So, interesting. Interesting. It's not the biggest dump. All right. So yet again, we're not dumping to 15. We're not dumping to 16, but it definitely does kind of cut the upward momentum and it goes, allows us to enter that state of retrace. Uh, Nick Miles says, don't tell us what you didn't expect that one. It is true. It is true. I mean, this type of retrace is necessary going forward. And, um, I think what I didn't expect would be how kind of fast it's going down. I mean, we're literally watching this live, right? Like going from literally like two hours ago, we had it at 570 for ETH and now we're dumping all the way down. So, you know, quick up, quick down, which is trying to reestablish the market price at this current point. So we'll see if we can defend 516 at this current point. So we'll see how that goes. Uh, let's see. Gas prices are up too. Wow. This is a good. This is a crazy time for a stream. Huh? This is a C gas station. Yeah. Gaff prices are all the way up to 280. People are rapidly exiting positions right now. I think that's the, uh, that's the craziest part. So sell, sell, sell guys. Merry black Friday. It is, huh? We're, we're really entering that bright black Friday state. You get, you get your 25% off on your Bitcoin. I got it's over game over. Bitcoin's dead guys. Yeah, absolutely. Dead. Absolutely. Like every single time, right? Cascade effect. So this actually might be a situation where yet again, I think like, you know, how I was talking about, you know, all of the sudden, um, cascading effect and this flash crash, it could be actually something like that too, where you kind of see that the, the, the crash happening so quickly just because of the number of liquidations appearing. And we actually discussed this as well during, uh, the live stream with, um, who was his, what's his name? Sam Bankman-Fried. And this is something that he was quite concerned about where, you know, all of a sudden, um, a, a little, you know, a little trigger, it might be the case, you know, uh, if you really want to push for the arms, um, the Brian Armstrong tweet, sure. Maybe it caused like a 5% dip and then it caused a cascading reaction. This kind of, um, chain of liquidations happening at this current point. Uh, one thing I'll be interested in is, uh, rect account. Let me see, let me see how many rect there are. Uh, give me a sec. Uh, what was it? Like, oh, well, I don't know. ETC rect. Man, it's like, you sometimes phase out and you forget these like Twitters, like whalebot. Let me search what, how many rect, um, shorts and longs there are. You guys know what I'm trying to look for, um, at this current point. Um, yep, rect. So let's see. So this is bitmex rect. Let's see liquidated. Liquidated short, liquidated long and liquidated shorts happening at the same time, huh? Huh? Uh, liquidated short, liquidated long, man. People are gambling like crazy right now. That's insane, right? Liquidated long on Bitcoin. If this is like, this is eight mil. It's not, it's all right, but it's not like crazy. I think it's just like the activity happening in the past few minutes. Even it's just crazy. The, the amount of people getting liquidated. It's, it's not a small amount. Just look at that. Boom. REC. XBTC. Whoever was lying this. Holy crap. And I can, you can kind of see that chain reaction happening. Can't you like from here, this is just on the, um, bitmex, uh, REC. So yeah, uh, liquidation bots going a little bit crazy. That's what's going on. So, um, so someone's coming here asking Gilherm match, match, doubt match, though, match, though, not just saying, why is it dumping very likely to be a chain reaction? Essentially. We had the market all taking long positions, leverage long positions. And it could be a case where, you know, like all the sudden reaction is sudden dip. You see, right. Um, it's a cascading effect where liquidations just take the coin down. Right. So every time it moves down, people who are on long positions, they get liquidated and it causes this chain reaction. And it could be a string of bad news that pushes us over. You know, we saw, yes, there is a Brian Armstrong tweet that said, oh, there's maybe last minute regulation on self-custody wallets. I mean, personally, I would say, good luck with that. I wouldn't consider that to be like, um, a death blow to Bitcoin. Bitcoin is dead or some sort of freaky maneuver, but you know, it could be, um, something that kind of the first rock that rolls that pushes, um, orders over the, you know, it's causes, um, crypto prices to drop. And then that drop causes a chain liquidation. So anyone who's on say a 50 F X leverage long, they will get liquidated. So the exchange will have to force to sell the long position, which causes more cell pressure, which causes other people to get liquidated. Like a 25 X leverage long guys, they will get liquidated. And this is why you kind of see this chain reaction happening. So like, if you look at what's happening on wrecked right now, like people are getting wrecked left, right, and center, you know, these huge, uh, liquidated longs happening, which cause additional cell pressure on crypto, which causes the dip. Uh, we've got arrow wants this box mining, getting very nervous. It's okay. I mean, I don't actually have any, um, like I said, like I made the video yesterday for a reason, right? Like I made this video yesterday warning you guys, uh, don't do this in crypto. Don't have leverage longs. Like Luckily, if I had leverage longs, I'll be freaking out. I think that would be when I'm like, Oh shit, sweating. You know? Oh God. Like, like, like, like, when I'm going to get liquidated, I'll, I'll, I'll, I'll have to stop the stream and be like, yo, uh, let me, let me, let me fix this. Let me fix this. Be our back, be our back guys. But yeah, it's, um, I don't actually have any leverage longs. So yes, uh, it would be, it kind of sucks though. Like, I mean, I'll be honest here. Like you, it kind of sucks to watch a giant red arrow in your face when you're holding crypto. I do hold a lot of Ethereum and Bitcoin. And I told you guys, I stacked up. Am I in profit? Absolutely. But am I in less profit? Absolutely too. Like, you know, it would have been nice, especially because I was like, um, planning to do a little shopping day, um, for the rest of today. I was like, probably be nice if, you know, can just sell one or two even, uh, have a, a celebration sort of thing. But you know, uh, that's a situation, you know, uh, Christopher Robbins, um, has a poop emoji. Did I, did I, did I buy the top again? Did this happen? Right. So I don't think so. I feel like, um, this run is necessary almost, um, cause especially concerning how global the global situation right now is at this current point, we kind of pointed this out very early on in this year. Right. And we're kind of seeing the fundamentals playing a big part right now. So if you guys follow the channel, um, ever since Corona virus and this huge war between us and China, the trade war being escalated and a lot less stability. And then we have this talk, especially in China, if you actually been following what's happening in Asia as well, China's actually very concerned that they'll get kicked out of the swift system. So this is where they are pushing very hard, their own currency DCEP. But at the end of the day, this is where Bitcoin actually shines. So a lot of people, you know, they, they have this understanding and I don't disagree with this, that Bitcoin is used as a currency, but it's not used as a currency at its current point, but it's used very much as a store of value, especially in Asia, because there's a lot of uncertainty in this region. And because people want two things. One, one is a store of value and one is an unstoppable way to transfer value. This is super powerful guys. This is something that no other currency in the world can do. So say for example, in the future, if China does get kicked out of the swift system and Chinese people can't send like money around the world, what are they going to use? Right? They could use DCEP, but maybe what if DCEP is not being accepted in the outside of Asia, they have to use Bitcoin. All right. Bitcoin is unstoppable. This is why in many senses, I think, um, you know, people might be surprised by this additional regulation, et cetera. It will come. Governments will try to stop it. But the whole point of Bitcoin is that it's unstoppable. There's no way to really prevent someone from running a wallet, right? Like how are you going to stop that, that prevent someone from downloading a wallet and either running it on either their ledger? What, you're going to stop all ledger sales. You're going to stop all like mobile wallets. You're going to stop all Meta masks. Like how, how? Um, I've got era once it's best get out of Asia box mining. Not yet. Not yet. I would say, um, at this current point, um, I would say things look worse than they are. Um, I don't like right now in terms of moving out, I can, and I have the option to. So I think that's my two, uh, two cents of this. So anyways, yeah, a lot of people looking at this, a lot of people freaking out very clear from a chat that this is quite concerning to a lot of people, but yeah, so we just got a hit right now. Um, all the way dive all the way down to 500. So I hope you guys are not on a very big leverage position. Um, I guess, unless you're on a short, obviously, I think the, the best comment I saw was from Nick mile who said, Oh, no, let's be honest. You know, like, did you not expect this? And we kind of like, like everyone expects us pull back because at the end of the day, um, you can't rally number go up continuously forever. And, uh, the only project I seen, um, that numbers go up forever. Uh, I'm going to bring this back up again. Um, this is kind of funny. Uh, but, um, I'll show you the number goes up one. Uh, this is where the number, this is what the one coin where number only went up for a while, right? Um, this is the one where Tuiba, this is a Chinese pump and dump essentially kind of cater to people who only wants numbers to go up. Right. So I went up, it went up from like, what, literally $3. Keep going, keep going, keep going. Yep. 10, 15. Yep. Keep going. Why not shoot to the moon, right? 36. Keep going, keep going. 70. And then 77, I'm a bam obliterated. And that's the, that's kind of the situation where, you know, there was no pullback throughout the whole kind of period, right? Like this is the hard part. So anyways, um, I feel like having this pullback is absolutely necessary. Crypto, uh, we, we actually really heavily need it. So that's it. Arrow was Tesla only goes up and, um, we'll see. I mean, the, the lucky thing is I was actually holding Tesla since like three years ago. So I'm like, I'm like celebrating here. Uh, we got bye, bye, bye. I actually think that, you know, now is actually not a bad time. Like if I, if I were to like, you know, we're talking about like, if I were to stop the stream and do anything, I would actually stop the stream and buy some stuff. So, um, yeah. Um, you know, getting the catching this, so catching this, um, so, so we kind of just saw the action, you know, like, uh, what, what is this? What time, uh, what time are we in? So, uh, this is in five minutes. So we saw this huge dump happen pretty much within five minutes. So it was very clear that this is, was a chain reaction of cascading, um, cascading flash crash. So now we're kind of recovering back on the way up. So congrats on whoever bought the dip, I guess. Okay. We're heading to 800 by the dip guys by the dip. All right. So we got a good question as well. Wilson Nan asking, um, which one better buy right now? XLM or XRP? Um, this is always amusing, right? I don't know why, like, like I've had a lot of, um, ideological arguments for ripple, right? So a few things, right? Like Um, okay. I will ask this question. Okay. So, so, you know, you know, people were asking about ripple and all that stuff and, um, XRP or XRM Wilson Wilson Wilson, then. So, so why, why are you looking at this? Are you looking at this because of fast transactions? Are you looking at this because of pump or whatnot? I'll tell you guys a funny story. So this happened in 2017. This happened. Um, I'll, I'll pull the Genesis guys, uh, block guys. So Genesis block is the OTC center. It's a Bitcoin center in Hong Kong. People can buy and sell Bitcoin. So, um, they were, you know, they were there during the 2017 bull run. Right. And there were people literally lining up outside of Genesis block with barrels of cash. Like, like, this is no joke, right? Like, um, we actually said, don't post photos up at that time because you know, people were literally carrying built, like lining up, queuing up with like suitcases full, not barrels. Sorry. That's, that's too exaggerating, but like suitcases full of cash. So, you know, at first they came in and bought Bitcoin, right? They heard the hype, they heard the news and then Bitcoin rally too strong. So then they were looking for shit coins. So then like a few weeks later into the bull run, they're like, ripple, we want the ripple, right? Like it seems like the general public likes ripple, even though like from, uh, from a ideological standpoint, it's, um, like don't have this argument. We don't have the argument. I mean, like ripple is like, like why? Right. But, but it seems like, uh, it seems to be the case where, where retail really likes that. And then three weeks later after the ripple craze, no ripple dumped down like heavily, right? They'll be like, Tron, Tron. So I don't know. I don't know. I mean, ripple got hit really hard. Right. So I think like, if, if you were ever to look at it, you know, Bitcoin in terms of sense, all time high it's right now, it's, is this that right? I think they're taking the wrong ATH, but anyways, it's 10% less than all time high. I'll leave this as approximate because I'm sure Bitcoin spiked higher on other exchanges during that time. But yeah, heading towards December last year, we saw Bitcoin kind of push to, to some new heights, right? So it's, it's, it's minus 10%. That's actually not bad. Um, Ethereum were down 80, 63% from all time high. So that's actually pretty bad. Still. Um, Ethereum had a crazy run up because of the need to accumulate E4 ICOs back at that time. So there's ICO fever. Um, I'm not sure guys, if you've been in 2017, ICO fever was when projects only accepted in EVE. So everyone needed EVE to get into projects. And then that caused a spike in usage of EVE. So that was kind of the main driving force. And then ripple is down 82%. I mean, I don't know, like that's, that's kind of crazy. Uh, if you look at that sort of insanity, so interesting, right? Um, I'm noticing something interesting here too. There's a huge sell-off for Tether. So is there Tether FUD happening right now? Like, am I not, am I not seeing some Tether FUD? Like right now, Tether is, yeah, that's, that's quite a lot below, um, below a dollar to be fair. Huh? Actually, I got to look into this. Um, wait, wait, is it, is this reporting correctly? Um, let's see. Okay, no, it's, it's fine. It's just, it's just, it's just, it's just coin gecko bugging out. I'm like, that doesn't look right, right? Tether at, uh, 95 cents, it doesn't look right. Like, usually when Tether is at 95 cents, that means something really big is going down with Tether, like something really bad. Like, uh, that's a, that's too much on a, on a stable coin, right? The whole point of it is supposed to be, uh, stable. So yeah, that's probably a, uh, an error in how coin gecko is getting its data feed from. Let me just see why. Oh, okay. Okay. Okay. Okay. I, I know why it's cause it's using data from Huobi. Yeah. It's using data and it's getting incorrect data too. Like, uh, it's using data from Huobi. Um, let me see if it's actually correctly using, it's correctly getting the data from, uh, Huobi as well. Yeah. It's, it's getting the wrong data. It's getting the wrong data. No, it's, it's, it's getting the wrong data. So yeah, so that, that's not a, it's not a concern. It's not a concern. I was just like surprised. I was like, what tether so low, what's happening? Just cause coin gecko is getting the wrong data. It's okay. Get some cash flash crash. Get some cash. My video, um, 56 says, you people who are saying dump it will regret in a decade. I think sooner than that, man. Just sooner than that, like a decade. Really? No. Ah, nah. Now I think the, I think, um, um, Chicago Brewers is like, Oh, one of my charts says tether went down to 98 cents. I don't, I don't think there's any current flood on tether right now. That's, that's usually a bigger concern. So we're kind of, we're kind of, um, watching everything get pulled back. I kind of regret not, you know, right jumping and buying that dip just now when we saw it, but anyways, um, it was a classic situation where we should just ran and just bought a leverage Lomba, whatever, uh, time to buy the dips. So anyways, yeah. So I, you know, when I'm doing stream, I usually don't trade obviously that doesn't make any sense. Right. But you know, all right, cool. So, uh, moving on. So let's check out if there's any other news that's happening recently. Um, let's see what's happening. Let's just check out Reddit, see if people are freaking out there. All right. So number one post on Reddit, people permanently banned my account because cryptocurrency sales were being treated as item sales. This thread is for others who are, uh, to be aware and hopefully help recover, help us recover this ignorance fueled misunderstanding. Um, don't trade like, okay. All right. All right. All right. I'm reading this and I'm like, the system flagged my account thinking I was selling items worth 10,000 in one week. Uh, when I haven't done so in six years, I've held PayPal account. Um, so I, I knew the developers didn't account for a shit when they released PayPal crypto. So I submitted a stuff for review with my photo ID and wrote PayPal crypto for each crypto transaction because what else could I say? Dude, this is like this look, look, look, look, I want to help you, but I'm one of those people who's been on PayPal calls to really understand that there's no point calling PayPal tech support. Um, I'm not sure if you guys been using merchant PayPal accounts before, but, um, yeah, you can call them for like 10 hours straight. Um, you're not going to get into anyone that has a break. Like, honestly, honestly, like I called like, um, a chain of five, six people. If, if this is happening, obviously this is an error, right? Obviously this person was trading crypto on PayPal, um, and PayPal flagged his account for, um, you know, just trading too much. Basically, like if you have like a huge volume, a suspicious volume, they can flag your account and exit you as a client. And this is true for any traditional banking institution. So even if you're like on HSBC, um, I've had friends that worked in HSBC compliance and they're pretty much like, yeah, if, if, if your account exhibits some weird trade activity, they'll flag the account. They'll just like the system will flag and it's automated process to the system will flag it. And then, yeah, the, the team will be in charge of exiting you, right? Like just kicking you out of the bank or PayPal in this case, just kicking you out and suspending your account. So I feel for you. I feel for you. But at the same time, I'm like, this is the stupidest shit, right? Like don't waste your time, buddy. Like you're going to call 10 people. They're not going to realize what's happening. Like hopefully someone reads this in PayPal, but at the core, at the end of the day, why are you trading on PayPal? Like, come on, come on. It's a great place to buy crypto, but not trade it. Like there is no reason why you should be trading on PayPal. Like no reason whatsoever. There are a million trading. There are a million exchanges out there that are way better than PayPal in this cryptocurrency space. Like take that crypto out, move it onto a ledger, treasure, whatnot, if you have to, and then move that again when you need to trade it. Like do not trade on PayPal. I cannot emphasize this more like, like, like it might be convenient. It might be convenient, but yo, like there are a million services. There are like a trillion million services that can use other than PayPal. So yeah. Uh, no, don't, don't bother that. Don't bother trading on PayPal. Right. All right. Regulation. So this was the one of the tweet. Um, it's really, if there's anything withdrawing, I'm not, I'm not sure just, just in time for a dump. I think it could have been what pushed it over, but the real reason is because of the huge amount of longs we have in a space, um, moon proposals. Uh, oh, by the way, guys, if you guys haven't claimed the moon claim moon, you get moon for posting on, um, our slash cryptocurrency. So I have like 10 K 11 K moons right now, almost 12 K. So if you post on here, you get free moons. So, you know, just, uh, just a notice, just a notice. I guess they really like these moon things, right? That's pretty cool. Um, U S intelligence chief, uh, John Radcliffe has reported risen to the SEC over fear that China's dominance and dirty and currencies put who put the U S at a disadvantage. No shit, Sherlock. Um, you know, like they're building out a system and infrastructure because they know that, and they're, like I said, they have active fear that they're going to be removed from the swift system. Right. So they have incentive to extra incentive to make better digital currency payments and they're building something massive over there. So yeah. Like if, if the U S is wanting to regulate self custody wallets and crypto, I'm like, for sure, go ahead. Um, but like, you're just shooting yourself in a foot. So good luck. But yeah. Um, Chicago Bruce says, PayPal is notorious for seasoning, locking up people's funds. And for any reason they determine it's the majority of their excuses are BS. It's more or less a scheme where they get their user funds for their gains. Pretty much like, like, yeah, I, I, I totally agree. Like, um, so yes. Okay. So, so PayPal for me, right? So I had this big fight with PayPal. Um, like it was nasty, right? It took like six months to clear. So that's what I'm just saying to this guy. Like you, you do not know like what world of hurt you're going to be in like six months to clear that problem with PayPal. Do I still use PayPal? Yes. When I absolutely have to, because some idiots, all right. Want me to only pay in PayPal. They don't have any crypto options. I, anytime I can use crypto to pay, I always use crypto. Like it's, it's a no brainer for me. Like every single time, whatever service accepts, you know, um, um, anything other than PayPal, it's great. And I think I've only used PayPal once in the past year and I've complained the hell out of it. Like I, uh, one of my friends wanted to send me to send him around what it was like $800 us. And that transaction costed us at least $80 in fees. Um, yeah, good luck. Like it was like crazy because I didn't have my bank account linked to PayPal. So I had to pay him with my credit card. And I was like, wow. Like, that's why I don't use PayPal, but you're, you're in a world of hurt, buddy. If like, don't trade on PayPal guys, do not trade on paper. Like, like go, sure. Go test it out. But once you get into the system, you know, what's a much better solution. The much better solution is Swiss Borg. All right. So there's an app for that. Um, Swiss Borg pretty much means you can just directly bank transfer by it. And I talked to them recently, right? So, okay. So this is my kind of, I don't want to show you my amount current account balance. I'm not sure about how to hide it though, but you can trade, uh, say Bitcoin, right? So I have some Bitcoin here on my Swiss Borg account. I'll, I'll show you guys more later. So you can buy BTC and you can use your own local currency. You can use pretty much any currency you want, and you can just transfer direct fiat, right? You can do fiat to crypto. They have no fees. Like, um, there's a premium account that you can basically stake some of their token and you have no fees. And that's what I have right now. Like anyone who wants to get into crypto, there's two options I give them either. If you're in Hong Kong, go to Genesis block, right? Like they handle cash. They handle anything, right? Um, if you just want to buy like 5k worth of Bitcoin or like even less, like say 5k Hong Kong, right? That's like $500. Um, probably like, yeah, a bit more, $600. But if you want to do cash, sure. Go cash. If you want to make open again, bank account, if you're like, if you're comfortable with that, go for that. Right. But don't touch PayPal. Come on. Like PayPal, like not only are you going to get banned, but they're going to charge you up on fees. How are you going to withdraw it? Right. There's so many problems with that. Like go test it out. Sure. Like, and I, I would encourage people to do more. It's a way for people to enter, right? I'm not against people building this group. Come enter, come into the ecosystem and then transfer to something useful. Right. So, yeah. So if you want to enter right now, if you want to get into it, SwissBorg is the way. And the best part about SwissBorg, really, honestly, I've talked to them. Okay. A lot of you guys, a lot of you guys, you probably registered. You probably heard about SwissBorg on my, um, uh, uh, uh, uh, channel. You make an account. And the first thing they ask you is your KYC. And I've talked to them about it. It's like, this is us. This sucks. Right. Like asking people for KYC sucks, but it's legally complying. It's based in literally Switzerland. So once that KYC goes into them, they, they keep their mouths shut. Right. Like that's the reputation. And that's absolutely true. The Swiss, they keep their mouths shut on all this stuff, right? They don't reveal your bank information. They don't reveal all that to the U S government. They don't share all of that. Or if you're going for PayPal, everything gets shared, right? Everything gets shared with the U S government. Like, why would you want to do that? Like, like, dude, guys, guys, guys, like do it properly. Do it the Swiss way, do it the Swiss way to the Hong Kong way. Don't do it the American way. Sorry. Sorry. Okay. My two cents, my, my, my rent. That is my rent. Yeah. Uh, so Chicago, Bruce, or what the hell is Swiss port? Spreeks port is a way to get it's a coin base, right? But coin base is American Swiss work. It's not, it's Swiss. I think of it that way. It's Swiss. It's they keep your accounts private. Makes sense. Right. Oh yeah. That's my rent done. I trade using Binance. Napoleon chances. I trade using Binance. I've been going off Binance, obviously for a while. Um, you guys probably notice, um, I've been moving more and more towards FTX. Um, so yeah, that's pretty much like almost 80% of my trades are on FTX. Now it's kind of weird and wonderful at the same time. Um, reason being is because I kind of got hooked on FTX after there were a lot of options for farming. Um, like as a farmer, I actually needed to have, um, positions, derivatives positions. Like say, for example, I'm shameless on this one. Like when I was farming Tomo chain, I also shorted Tomo chain. So I had no net exposure to the asset. Like I was kind of farming, like earning, like, what was it? Cause like a thousand percent. It was like a ridiculous return on Tomo chain. Right. So if you're earning a thousand percent, you're earning, uh, roughly 3% a day. Great numbers, but I don't, they don't want to get exposure to Tomo chain. So I shorted it on FTX. And that's kind of how, you know, I built more and more, I put more and more assets on FTX. Um, yeah, pretty much that like, it's like the most powerful exchange now. So yeah, like converted, I'm a convert, no joke. Also there in Hong Kong. So that's pretty good. Um, why is market dumping? Why is market dumping? Why is market dumping? Okay. Rewind. Uh, we run a little bit, or I just, just watch the earlier video. So, uh, the current hypothesis is that yes, it could have been a tweet. The tweet was just, uh, tweeted a few hours ago. It could have kind of pushed the prices of crypto down a little tiny bit, which caused it caused a cascading effect. Um, the best way, if you guys don't understand what's happening with these cascading effects, um, look at the video I posted out yesterday. So that was a great way of watching. It's like, it was a setup for it. Uh, one thing you want to also watch out for is also for funding rates. This is something yet again, like this, the weeks, the video this week, right. We'll help you understand what's going on. All right. So funding rates are a very big number to watch for because funding rates tell you what proportions, like how many longs are there relative to shorts, right? So if longs pay shorts, a positive. So if this number is positive, there are more longs and shorts in the derivatives markets. And if this number grows to a huge number, if this, like if funding rates are like one, like 0.1% or like 1%, I've seen that there sometimes that means everyone is bullish, right? Everyone is bullish. Everyone's buying these huge long positions. And then it could be a chance of, uh, a trigger down. So that's my two cents stop losses getting triggered. So yeah, so it's a combination of stop losses and more importantly, leverage, leverage, leverage, leverage, leverage side. Like, um, the, the, the, the reason why leverage matters so much is because if you can 100 X your, um, trade, that also means 100 X the volume, right? So that's why it has a huge effect on this market, like derivatives trading. And there are bots that arbitrage between, um, the, the spot market and the leverage market, right? So the leverage market becomes a huge kind of driving motivator for these huge spikes in price up and price down. That's kind of what's happening. So rock, pull, pull, pull, pull, overbought, uh, previous videos, uh, prophetic, uh, prophecy, prophecy, prophecy of do not do this. I hope this video helped, man. I was like, like, I, uh, when I made this video, I was like, you know what, like, I need to warn people. I need to warn people. So it's a situation where, you know, way too many people are taking up like overly aggressive positions. And we're kind of just waiting for this. So good news is that this crash did not take us to zero. So yet again, it's a situation where it could have been much worse. It could have been much worse, like, but it could have been much worse. Um, where liquidated. Let's see what else is being liquidated right now. It's kind of kind of seeing what the wrecked account wrecked. I think there's another wrecked account, right? Um, let's see. Do we have a lot of data? Anyways, whatever. Well, it's sad to watch people getting wrecked, but it also explains a lot of what's happening on the market. Satoshi Nakamoto is going to rug pull. That's kind of funny, right? If, if Satoshi rug pulls, I'll be crazy. That would be absolutely insane. Right. If you think about it, like Satoshi is rumored to hold 1 million Bitcoin, not $1 million or Bitcoin, 1 million Bitcoin. That's kind of crazy. Um, when will the bull run end? I think like, honestly, though, like talking to people, I actually kind of feel like we're at the beginning of the bull run, to be honest. Like recently, like I've noticed a lot more people asking me about Bitcoin, especially right now in Hong Kong. Uh, we're seeing a lot more volume. I've asked around, like exchanges and OTCs here as well. It's a, it's a lot of activity. Uh, we're reaching all time highs for trading volume. There's a lot of interest in this. So I don't think we're going, this run, I don't think we're going anywhere. I think I'm super bullish on this run. I haven't actually started my, um, DCA sell out yet. So I'm like coding. So, uh, don't catch a falling knife. McDonald's is higher. Hey guys, it's, uh, it's moon or McDonald's, right? I love these memes. I love these memes. Um, ocean wrecked. All right. So that being said, of course, yes. Um, I will say like the take home for looking at Reddit is obviously do not use PayPal as a place to trade. Absolutely. Um, you know, do not, do not touch that apps. Like, yeah, it's just a, it's common sense guys. Like don't use PayPal for anything important. Um, just, just like half a year after half a year of fighting with them. And I heard so many businesses do that too. It's, it's, it's ridiculous. Second of all, obviously, um, ledger. So if you guys want to actually hold your own crypto, like safely ledger treasure way to go ledger has a sale right now for 40% off the ledger nano X. So it's yeah, quite a lot cheaper actually. So check that out right now. So in Hong Kong dollars, it'll be like, right now it's 1,999. So that's Hong Kong dollars. I think it's right now in us dollars, that would be like, what? HKD to USD, uh, one for one, like I kind of trade in USD now, like, um, after seeing all this USD, I try, I, my, my mind is always trading USD. So a lot of people are kind of asked me like, what's the point of buying one of these wallets? And the reason why is because if you want safety, all right, this is the one way to do it. And I've been a big proponent of taking crypto off exchanges. And that's what I've done also, like, if I need to trade my cryptos on exchanges, but when I'm done trading, I take it off into a ledger. And, um, yeah, it's, it's kind of important. Um, I've had so many people email me like, this is honestly true. And this is why I'm so comfortable. Like you, you see me, I don't really show a lot and I'm very comfortable pushing this because to security can never be underestimated. Like being a victim of Mount Gox, like the, one of the biggest exchange cat catastrophes in, um, in the whole of crypto. Yeah. You don't want that. Oh, so. Okay. Also, also, we need to do a redraw actually. So I just, I just remembered. So last time we did a draw for the King box mining card, right? So, um, this is with one of the coolest NFT cards out there. Um, I'm being very narcissistic because you know, it's a, it's a, it's a box mining card with a King on it, but this card was drawn and we had a lucky draw. So I'll give you guys an update on what's happening. So first of all, these are the winners. Last time that we drew from the retweet picker and, uh, we sent out. So anyone who messaged me via DM and sent me your, um, Ethereum address, I've already sent that to the ducked out guys who are organizing this. So they will send out the straddles cards, but that also leaves the King box mining card. Um, unfortunately the King box mining card, when we drew it, it was won by a bot. Basically the bot did not follow the rules and, uh, yeah, it's, it's very clearly that this is not a human person. It's not a human crypto person, um, doing this. So we're gonna, um, we talked with the guys that ducked out, the organizers, and we, we disqualified the King. So we're going to do a redraw for the King box mining card. So we're going to do that now. Uh, the, the way it is, is that we're going to draw the winner. And then we're going to look, um, we're going to analyze if the guy did the retweet, if this is a real person or not, and then we will, um, issue with the card. So it's completely transparent. It was just a case where, um, yeah, it was, it's good, good catch. It was just, it was, this person, unfortunately was not a real person, um, so to speak. So anyways, we'll do a retweet, retweet, retweet picker. Um, so I, I kind of liked the hero crew one, um, just for fun. So let's get that one done. Winner, winner, duck dinner. Let's see. Um, okay. So this is the read, this is the tweet. Um, I'll get copy, copy link address. I hope you guys win guys. I hope you guys win. So we're going to put that there. We're going to get some drum roll drum rolls, please. I'm tapping my table, but I'm tell me if you guys hear that on drum rolls, please. Drum rolls. Boom, boom, boom, boom, boom, submit. And the winner winner duck dinner is blue Z S 0 8. All right. Congrats. Congrats. Congrats. Congratulations for the box mining King card. There you go. We got, we, you've heard the box, the bots feelings. I'm sorry, bot. So yeah, this is a new winner for the box mining King card. Congratulations. Congratulations. Uh, well, I'm going to send that to the ducked out guys. We're going to make sure that this person tweeted as well. And if not, then we'll do another draw tomorrow, but congratulations. If you're real, if you're real, and if you're in this chat right now, congratulations, like big, big congratulations, uh, to you. So let's see. Uh, let's see. Uh, box mining. Let me actually double check. This is not a bot. Let me just check. I'm curious. I'm curious, but at the same time, I don't want to check, you know, I don't want to draw any conclusions early. So let me, let me just check. Let me just check. All right. All right. So far. So good. This guy's got, uh, uh, this guy's been sending a tweets out. Um, yep. So far so good. So we'll, we'll get this guy does definitely participate in a lot of tweets. Doesn't he? Uh, is he a bot? Okay. He's been posting some real stuff. Okay. We'll look at it. We'll look at it. We'll look at it. We'll, we'll get the, we'll get the guys to look at it. But so far looking. Okay. Okay. All right. So, um, Arif Akhtar says only buy hardware wallets from manufacturers websites directly. A lot of people got scammed by buying from resellers. Absolutely guys. Like, like I only order from like the official website, like, even though it'll take time, even though it'll take time, like do not order elsewhere. Like I've read like millions of like, um, fricking comments on, uh, on Twitter and, uh, where people buy a result version of these and like, they were like pre-installed with a backdoor or some shit like that. Like buy only from official, just buy from official on that note as well. Um, so if you ever buy from reseller and you, you're, you're worried that it's been tampered with, there's actually a check, um, like ledger, ledger, uh, then this, like the ledger one, they'll actually check if your device is genuine. Like they'll, they'll actually, um, this is the best advice. Like if you, if you ever buy from reseller and you're a little bit worried, like you shouldn't be buying from reseller first of all, but if you are worried, right, double check with this, what's in there. And also, um, if it comes with say, Oh, here's 10 words to add into your ledger and import a wallet that is fake. Never import every, uh, a new keyword. Every time you have a ledger, always let the ledger generate the key for you. Never import something into it that you used elsewhere. Otherwise you don't have the protection of a hardware wallet. The whole point of having a hardware wallet is so that the key is generated inside of device and then never leaves the device, right? This is core. This is core. It's like, it's, it's, it's core. Um, Napoleon chances, Hey box, what do you think of Exodus? So I actually really like Exodus. It's very clean interface. It's one of the wallets I used to use prior to getting a hardware wallet, but after using like, it was kind of the stage which, um, after getting the hardware wallet, I transitioned everything over. So I literally sent the coins from my Exodus to my ledger. You want, you never want to import the Exodus key into a ledger. Okay. That's important. Well, I think ledger has a very clean interface. Um, if you're handling anything under a thousand, I kind of typically say this, if it's under a thousand dollars, just go use a ledger. I go, go, go use Exodus, what, what not. Right. Like, you know, you're, you're still testing it out, but anything for over like a thousand, once you're getting into a thousand to 5,000, then anything over that, like you want security. You don't want like some ass hat hacking your, like your, your, your PC or your Mac or whatnot, and then for them to steal the private keys and then steal your crypto. You never want that situation, especially like, if you know anything about security, um, you'll know that Intel processors and even AMD processors are just filled and riddled with bugs. And anytime you browse a website, they can exploit those bugs and it's going to cause mayhem. Um, it just like computing world sucks. All right. That's just the way it is. Like these processors. Oh yeah. Anyways, that's, that's pretty much it on a way and on the security and shout out side as well. I just want to give a big shout out to hack and I've been talking to hack and a lot recently. And what they're doing is they're adding, um, a new weight for people to get verified. So this is a new product which uses the high token and it allows businesses to get evaluated for security. I cannot stress this enough, honestly, like, um, you know, like being in crypto, we actually really understand why security is important because I get people messaging me and telling me, yo, I got hacked. So this is a way for people to directly use the product, the hacking product to make sure that their websites and the businesses are secure. So big shout outs to DEMA, big shout outs for making this space a lot more secure. It's vital. Anyways, beyond that, of course, um, uh, let's see. Um, I also want to just give a shout out tomorrow. So tomorrow we're going to have the same live stream time as usual, but we're going to do an interview doing during that time slot. So it just like, uh, the reason kind of why all this time shift was just because of a scheduling, um, issue. So I'm going to pop this here. So tomorrow's live stream will be with Kira network. So this is a project that I've, um, invested in early. And the reason why is because they're doing some crazy stuff, the crazy tech stuff. So we're going to talk and explore that earlier on. It was actually pretty impressive. I talked to their CTO, this guy over here, I can't pronounce his name for the four. It's Matthews, Matthews, Matthews, Matthews, Gras, Graselic. Matthews. Sorry. Sorry. I'm a, I'm a name butcher. You guys know that. So I'm talking to him. He's super smart. Just talking about scaling, about taking cross chain. It's, it's going to be great guys. So tomorrow we're going to have, um, that talk and yes, of course, full disclosure, I did invest in Kira core and Kira network actually. And they're actually hosting a sale at this current point in time as well. Um, there was a good question I just saw from Napoleon Chan. What do you think of safe pal? Um, specifically safe pal. I don't have any thoughts on that yet. Uh, let me see. You see, oh, actually wait, see, how is a crypto wallet? I guess it's cool. I should, I should get one, huh? Uh, the, the only thing that we do redeeming factor here is Binance. Oh, it's backed by Binance and invested by Binance. Great. Um, actually looks cooler than a ledger. Um, but here's the deal. Here's the deal. I've got a million guys sending me wallets, right? Um, a lot of people sending me hardware wallets and a lot of me, people telling me, yo, if you can, you know, show my wallet, hardware wallet, um, you can make a deal, blah, blah, blah. Um, I've always stuck with ledger primarily because it's been time tested. Um, pretty much everyone I know uses a ledger. Let's be honest there. Um, I saw like Kobo wallet last year and then like, they were like trying to push like these custom box mining built like wallets or something like that for me to push. I'm like, no, I, who knows about the security, right? Who knows if you are as secure as you say you are. So I'd be a little bit more classic. I'd be more, more, more like, you know, ledger treasure. These are the two OGs. People use them all the time. Even the Bitcoin OGs, I know use them. Yeah. It's been time tested. Uh, the only other one that I actually said it was pretty, um, uh, interesting to, to look at was the fully air gapped one that was, uh, temporarily forgot the name, uh, crypto wallet. Um, yeah, seriously forgot the name. They did, uh, they did, uh, uh, Kickstarter. Sorry guys. I am not valid. No, zero. Yes. The zero wallet. That was the only wallet that I took a look at because they were fully offline. So they don't even connect to anything. It's like, it's, it's like super crazy. I actually ordered one off retail. So hopefully I'll get it when they, they manufacture it, but that's like the only three wallets that I really actually trust and care to use. Like everything else is like, just be careful. Just be careful. Um, uh, yeah. And it's a battle. I mean, like, um, I would say in terms of popularity, okay. From this channel, from the statistics that I see, right. Um, almost 95% of people buy the ledger over the treasure treasure is really great for Maximus. There's actually a treasure update for the treasure T where you can only use Bitcoin. It's like the, it's great for Bitcoin Maximus. I think they, they catered for that. Um, but in terms of cryptocurrency support, I'll tell you one gripe I have about this. Um, so I was using this with Binance smart chain and the newest firmware on treasure doesn't work with Binance smart chain. Um, and I had to find out the hard way, like for some reason, I, I don't know why I was like testing both of these, uh, the treasure and the ledger. And this one works for Binance smart chain, um, with Meta mask, right. And this one does not. Um, but you can downgrade the firmware. So it does. So that's what I did. I, I went through like, um, like figuring out what the problem was. I downloaded the older firmware and it works. So anyways, if that's very that, you're telling, I don't know, that was my recent, um, recent gripe about it. We very, very recent, right. So panic. So we got that, uh, that damn, that Mexican, that damn Mexican says, um, he panic sold at 1828. So that's not bad. I mean, you know, we're, we're kind of, we're, we're kind of recovering to a point. It's kind of crazy, right? If you actually look at it, um, you know, when we're making the video, when the mid video was, um, we're talking about it like at 1130, um, it dipped right to, um, 17 K and now we're all, all the way back up for the price of Bitcoin, at least. So yeah, that dip 100% caused by cascading, uh, either limit orders or liquidations happening on leverage exchanges. Like that's, that's a clear sign, like clear dip. Um, similar situation, Ethereum hasn't recovered as much as Bitcoin has. So yeah, Eve took a nosedive, right. So in these two candles, they took a giant nosedive. In fact, this one candle was the biggest, and obviously it was a chain of liquidations and now we're kind of recovering, but it's not as crazy. So that's kind of what's happening. Um, everyone's like stops being triggered, um, let's stop, stop, stop being triggered and mass amounts of liquidations happening. So that's pretty much the, the story of why, um, it's going down, like that's chain reaction. And, and guys, if you guys feel like you missed something, just watch yesterday's, um, yesterday's video. It's like, just connect one-on-one together. It's, it's very clear that, um, it's a chain of liquidations causing this mark to go down. And in fact, like all the videos this week, right, just watch these like this. It's like, it's kind of crazy. Just connect these thoughts, right. Watch the Sam Bankman freed video. Watch this video about don't do this in crypto. And I'll watch this video. It's like, it's exactly what we were talking about. People shouldn't do and people did it. And then we had the chain of like liquidations happening. So pretty much, uh, that's happening here. Um, it's Leo says, did you guys mention XRP? And it's kind of funny too. I mean, I think the XRP shows are going to take it to the next level. Um, XRP is kind of interesting, right? Cause everyone's looking at flare right now. I think like for some reason, uh, like all my friends are converted to like flare fans. So XRP flare, um, it's actually quite interesting. Uh, it's, it's relatively interesting. So XRP searched like crazy, right? Because of, um, um, this new airdrop that's happening. Um, sorry, Jihan. Okay. I'm going to read this. The impending airdrop is supercharging the XRP bull market and whipping mind share of one of the largest crypto communities into a frenzy says Jihan Chu, the managing partner of Hong Kong based blockchain investment firm, Kinetic Capital. Why I joke about this was because last time I saw, well, two years ago, I saw Jihan at conference and he was like, we shouldn't invest, but we shouldn't invest our money. We should invest our time. Like kinetic time. I don't know. But anyways, you're a capital firm. Your whole purpose is to invest capital, right? But anyways, he's kind of explaining the XRP market and that kind of locks down what what's happening there. Sorry. I'm kind of a douche today, but anyway, so, um, XRP airdrops coming. That's why the surge is happening. Everyone's excited. What, what is this, um, uh, flare thing? It allows developers to execute smart contracts on ripple, right? So that's, that's the, that's kind of the, the gimmick that they're pushing out. So it basically integrates Ethereum's virtual machine, allowing existing Ethereum decentralized applications to be poured over to flare and the XRP ecosystem. Interesting. It might do well. It might not do well in terms of use case. I feel like what we learned from this bull run with ETH bull run is that no matter what people are going to want to stick with ETH, it's kind of the craziest thing. We, I mean, we saw buying a smart chain. It takes, it's taking some traction, but the whole, um, um, the whole network effect is a much bigger effect than a lot of people would think. So, you know, I'm not trying to be an ETH maximalist here, but I'm just kind of like pointing out the facts. Like during the DeFi bull run, yes, Ethereum clogged up like no one's business. It was unaffordable for most people to send, receive transactions that was essentially broken, but the ecosystem still remained, right? People still kept with ETH. And one of the biggest reasons is because of the huge network effect of two things. Lots of developers on the platforms are constantly pushing out new products and also a lot of speculators on the product on ETH. And this is why ETH is not going anywhere with ETH pushing to 600 previously, and now dropping a little bit down, but still it's strong, right? It's still 500. I mean, I think a lot of people, you know, I'm not sure who bought the top, but you know, we've been talking about ETH since a hundred, right? And anyone following this channel? Oh, wow. I, my video just cut off, but anyone following this channel? Let me just, this is happening recently. Let me, let me change your battery. I wonder if it's a battery issue or whatnot, but I just changed the battery. So that should pop back up. But yeah, like I'm just saying like anyone following ETH, you know, ETH communities like loaded right now. There's no reason for projects to not be exposed to ETH speculators. So my two cents on that. My two cents. Um, all right. So I'm a flax, flappy coin maximalist. ETH is not money, sir. Money is ETH. That's a good comment from SD. Anyways, guys, I think that's pretty much wrapping up today's, um, stream. We're going to watch it and see where it's going to go tomorrow. Stay tuned, come online for the talk with the guys at Kira core. So that's going to be a lot of fun, lots of good questions and a lot of good insight into defy as well. So, um, if you guys are, you know, remotely interested in defy, like we are, are, uh, do check out tomorrow's live stream as well. And also guys, if you guys want to get a ledger, um, get a ledger, why not? Uh, that's cool. And let's see if there's any other shout outs I need to make, um, coin telegraph. It's just a quick glance, a quick coin telegraph. Uh, yeah, you know, this was, this made the news. That was a Reddit post. We're talking about PayPal being stupid, but why are people trading on PayPal? Uh, Bitcoin faces resistance zone. DeFi indices are not diversified as you think, not important. Facebook Libra hires formal OCC prosecutor and central bank experts. Yeah, not too much going on. I think it's just like, it's trading, it's trading. And anyone who is in trading saw that coming from a mile away. So like, yet again, if you guys didn't know what happened to market, just watch these videos. You'll, you'll figure it out. Um, yeah, it's very, very powerful chain, a series of reactions. And with that, um, how much drop is there going to be says, Ali 2k4. I would say, to be honest, like the major drop is over, like the main hunting for, um, liquidations seems to be over. So now we're kind of at the, um, stage where we're trying to figure out, okay, where should we be at? And that's kind of the situation right now. Um, show. So yeah. It's based protocol, a shit coin. Oh, that's a hard question to answer. Uh, watch my, watch my talk, watch my talk. It was a good, it was a good talk. I've got to did a good interview with like, all right, not to pat myself on the back, but you know, it offers both sides of the argument. And, um, that was fun. That was fun. So yeah, if you're, if you're interested in base protocol, check it out. I think there's a lot of people who like this kind of rebasing coin, and I think it has a purpose, but does it really deliver the objective? Maybe not, but does it, it's like, it goes back to this, um, situation of like, do you want to be right? Or do you want to make money? Right. And it's one of those situations where base could be a very, um, very powerful for some people if people believe in it. So we'll have to see, we'll have to see. Um, but I was great at, um, playing the devil's advocate there. Got trust swap, trust, trust, talk about, you know what? I just actually had a talk with, uh, concerning trust swap. I had a talk right before this, um, uh, uh, chat today, right. Um, live stream with Jeff Kredakis off trust swap, dude, they're doing so much crazy stuff right now. So they just had a pullback. I mean, they had an insane rally for the past, um, past few days until Wednesday, basically shut up to around six, uh, 60 cents. They have a pullback right now, but man, like I spoke to him and he's just building like crazy amounts. And I think that's the speed at which defy needs them move at. I think, um, like in terms of trust swap, in terms of the services and the core tech, the core tech is great, but what's even better was the launch pad, right? The launch pad and the ability to get into new projects and get them to use trust swap. That was like a home run hit. So anyways, I was pretty happy and it was great to be on the advisor board of that as well. So anyways, thank you guys so much for watching today. Education is king. Absolutely. Um, Nash Nash is actually pretty good. I think like they're doing a lot like, yeah, why not? Um, I've also been building up my list. Like, uh, a lot of people are asking me like, what shit coins do I have? What all coins do I have? Um, yeah, I've been building up that list. Uh, it's, it's pretty huge. I think I'll give you guys a sneak peek here. It's crazy. I'm, I'm, I'm trying to figure out like what's the best way to present it. But anyway, that's a sneak peek of all the coins. I own more coming and more organization of how to present that also coming too. So anyways, lots of stuff being built on. I'm really appreciate that you guys watch today's episode. Not really happy that Bitcoin dumped so much in today's stream, but we got to watch it and hopefully, help answer a lot of questions for you guys here. And if you guys miss anything, just watch the rewind and see what's going on. And with that guys, thank you guys so much, so much for watching today's episode. Um, see you next stream, tomorrow's stream going to be on there. Smash up those likes as well. See you guys next time. I like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem. 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