Where will Bitcoin go next? Fidelity ETF news heating up!

stream button once again so it seems like we are now officially live there was a delay so guys welcome back to another episode of box money march 26 already friday and we survived through a massive dip that hit the markets as you guys can see here there was a lot of red yesterday on the markets and a lot of people were freaking out but we are surviving today seems like in the past 24 hours there hasn't been any major drops so far we're reaching perhaps what we see here is a really strong support now we're going to look at some of the circulating main pieces of fear uncertainty and doubt on the market there was a lot of reasons right we saw yesterday i was like i i did take a look at what crypto media was saying and it's trying to for them to try to explain the dip some of it work some of it doesn't work we'll talk and explore about that in today's episode like for example there was talk about a gbtc discount so explain what the gbtc discount means and how that comes into play then we have a massive futures expiring today so march 26 is a day 6.1 billion dollars of bitcoin futures are going to expire the march futures are in it's actually going to happen in around five hours from now so we're so super close to that and that was causing a little bit of shakiness on the market we'll take a look at that but just keep in mind it's going to be out over in five hours and we'll see how what the effects on the funding rate that is going to be we're also going to talk a little bit about the bitcoin etf so this has been something that's been going on for years i mean but this time is different this time is different so what is an etf we'll talk about what this is why this has a positive impact on the market if it does pass through the sec's hands and we'll explore a little bit about what fidelity is doing there so this this new etf is created by a subsidiary of fidelity there's also a lot of news to go through i have like a million tabs open on top so it's going to be an action filled episode today so make sure you guys smash up the likes if you guys like these videos i'm trying to do a few more obviously and the likes really do help it really helps this channel grow it helps everything move forward so if you guys are coming in i really do appreciate you smashing those likes clicking the subscribe because you're going to get more videos like this let's click baitiness more information i've been seeing some complaints about oh my god crypto youtube it's so scammy and stuff like look guys if you want good content well you got to upvote the good ones right so let's click bitty content more solid information that's what this channel is here for and that's what you know we're all doing here so smash those likes up encourage this channel spread this channel to really really really love it for you if you guys can do that so guys um let's get started um and let's start and hit the intro all right let's take a look on the market let me see if i can actually put my video camera here that's cool right now we see now now you see my camera there so yes um the markets were down a little bit 51 000 for the price of bitcoin 1600 for the price of ethereum in fact the e-faction moved up quite a bit recently so you can guys see the last seven days it was like it was a pretty major dip yesterday caused the markets to be a little bit afraid and shaky but actually today we actually let me just double refresh that a little bit again we're seeing a lot of green today on a lot of the alts as well so theta is up like 17 xrp is up too you definitely see that kind of the recovery from the scare of yesterday yesterday i feel like what felt like you know if you just take a look at coin get co and just refresh i was like i was all red like double digits all red it was one of those bloody days but right now we definitely see a little bit of that recovery coming in and you definitely see like a lot of movement to anchor is up like 50 percent cutum it's also up 30 theta xrp we got pancake swap also up so you definitely see that it's a little more balanced here relative to yesterday so yesterday was pretty depressing i would say too for a lot of people but okay so one of the biggest questions is obviously why right bitcoin prices fell to 51 000 there was this fear that bitcoin was going to drop below 50 000 that was a point that we're point that we're really looking at and there was a lot of fear on the market so let me let me take a quick look at the chart let me just open the charts up here take a quick look and we'll talk about a lot of the reasons why so okay here here's my take on it so i wasn't too concerned to be honest yesterday i know that people were looking at 50 000 for that work to for that major major kind of like i feel like people who are looking for that local minimum they wanted to see that support pop in for me technically speaking i was looking at 46 000 45 000 to really see if we're going to retest this support that we saw in early late february early march but 40 000 50 000 is still a very huge number for people i saw that uh mostly on social media people were oh my god if what will happen with bitcoin drops below say 50 000 or are we going to get hit 45 immediately that was most of the fear that was happening especially when we saw these major dips that happened roughly on the 24th at around 10 a.m so let's say 10 p.m rather so that was when the dip happened that was when the freakouts happened and then we saw the markets kind of really just said no there is support here um you know that's that that does seem to be what's happening and then i was really eyeing to see if this was an entry point okay so so why was that what was causing this right the biggest reason that i could really see all right um i mean let me just go for this one here was what was the fud so this was the friday expiry of 6.1 billion dollars right so this is a huge bitcoin um options expiry on the market this is aggregated by multiple exchanges of course but overall combining a lot of these um markets you saw a total of 6 1 1 1 billion dollars potentially exchanging hands depending on where bitcoin is going to go so there's a lot of money driving factor trying to kind of change the market so people minimize or maximize the profits or minimize loss maximize profits when these contracts expire so that's around in five hours so there was a lot of battle you can see it as like a like a it's like a set time for a battle to take place between the bears and the bulls in this space now interestingly enough like a lot of this um centers around this 45 000 mark where there were quite a few put options there so the option to sell at this price so if bitcoin does dump below 50 45 000 people who had these options are going to make a lot of money so there was this kind of fear that these people would try to manipulate the market in such a way to dump it below 45 000 but obviously that doesn't didn't happen right so the battle it was taking place but the i think it was a lot more balanced and a lot of people thought and one of the other indices i actually look at in combination with these call and put option interest is also the funding rates right so this is when you look at the perpetual futures for the markets as well and it really gives you a ratio of who is bullish and who is long rate um who is um bullish or who is bearish or rather so so typically speaking what happens if there's a positive funding rate it suggests that speculators are bullish and long traders pay funding to the short traders and this is actually something that we see right now on both bitcoin and ethereum there is a positive sign on this all right so sometimes you see negative signs sometimes you see positive signs a positive funding rate right now suggests that traders are bullish so you definitely see some tipping scales happening it's not very strong all right i would say that the positive is not very strong sometimes we've seen very very large numbers for positive but we definitely see that there is that shift in momentum where traders are now very very bullish on what is happening um right now mikhail ss michael just trying to say just freaking buy bitcoin absolutely so we saw that bit of fun that was what's happening now there was another piece of information that was also quite important that was discussed which is the gbtc so this was circulating around a few of the main kind of media sites and this uh what really happened all right uh why was this important and why people felt this was bearish was because previously speaking all right if you look at the history of great scale btc trust this was a way for institutions to get in it had a positive right it had a cost a premium to buy this this meant that for the longest time right so all the way from april 2020 to roughly right now to march there was people were buying in and they were willing to pay a premium for great scale btc so this was where we're saying oh wow the institutional interest is greater right that it's they're willing to pay extra to get exposure to gbtc right but now what was substantial and why people were a little bit concerned was that the premium not only fell but it dipped into the negative right this was a bad sign i mean if positive meant that institutions were very interested about bitcoin what does negative mean do they mean that they're freaking out they're panicking just dumping and leaving well actually no all right this is where i felt like if you on the outside it might look like that right if you suddenly switched over if the sign suddenly flipped it would look like as if the institutional investors are leaving but there there's some nuances to this too there's some nuances to this too so first of all let's just explain what this is first of all right so gbtc gbtc is a way for institutional investors to get in because there's no bitcoin etf right now they can really only buy this if say say a large fund wants to invest in bitcoin they can't really just buy bitcoin directly on the markets the custodial solutions for that just isn't good enough because of course it's not an individual if i'm an individual i purchase bitcoin that's great i keep it on a ledger i store it myself i'm my own bank i'm safe but if if it's some institution that's managing billions of dollars you can't just take someone's retirement fund money buy bitcoin and store it in some accountant's wallet because there's going to be trouble so i just say that so this is really where you know this gbtc comes in which allows people and institutions to have exposure to bitcoin whilst allowing for a third party to custody those bitcoins right so that's kind of the purpose now but the downside here that there is a service fee there's a service fee of two percent per year on gbtc and this is why the prices of gbtc well rather the premium of gbtc is falling is because it costs money like why would i want to pay two percent of the entire fund all right of all my money every year to these guys to just help me hold bitcoin that doesn't make sense and i feel like this is where the negative pressure is coming from right this is why people are dumping it's right not because they think bitcoin it's over but because better solutions are coming out so i feel like this is a major situation where you know people just don't want that two percent fee anymore so i wouldn't really read this as oh institutions are dumping bitcoin i felt like that was what was circulating around the market but i always read this and and you definitely see this as well there was uh let me let me go for uh i saved this up but the problem is that there's so many articles right now that um there was an explanation for this um okay let's see let's see let's see so this is uh this is all giving a preview let me let me just double search that right now give me a sec gbtc premium so so yeah great skills great skill kind of explains why why the premium was collapsing they're basically talking about uh the etf is in a eventuality so this is something that's kind of going to replace the positioning of their product on the market so okay now let's just talk a little bit about the etf as well so all of this relates to how institutions can get into bitcoin all right so this is the this is the grand problem to solve and this is this is a problem that we've been discussing since 2017 really 2017 during the bull cycle there was a lot of eyes looking for a bitcoin etf to bring more exposure to bitcoin bring more entry points to bitcoin right that was one of the major topics and we're seeing that come back in again and also of course i think what's something that grayscale definitely sees in this case is that their product the trust just cannot rival can it can't touch etfs etfs are eventuality and what's happening what's the biggest one that's going to be that's being pushed right now is the one that is being um dealt by fidelity capital so let me just bring up so this is like i have to apologize one thing which is like when i have too many um too many tabs open it does become a pretty big problem right so anyway just bear with me for a second while i bring out the article on news on vat so uh what is this fidelity news all right so fidelity launching a bitcoin etf all right so this is all right so this is after cnbc was talking about this so this is the new newest um push so fidelity is planning so this is through a subsidiary that's planning to launch another etf so we've seen in the past that etfs didn't go through and it the reason why is because of the sec all right so the sec last time was very concerned about market potential market manipulation for bitcoin and they didn't approve the product right so that was a big disappointment back in 2017 2018 is that there were basically three or four attempts to make this etf happen and all of them really got turned down right so that was in the sec it was basically saying there was a there was a point around three years ago when the sec just said you know what this stuff too volatile we're looking at this one they gave a comment way too volatile way too prone to manipulation and then they said no we don't we don't want to pass approve this etf now we're trying again all the way back in now 2021 the markets are a little bit more stable which is why it's kind of more interesting to look at right to to get to make another one obviously this one's backed by fidelity big big name in this space obviously you guys know and this is very very important to see where the sec stands so it's like okay if you want to say it like obviously the etf itself would bring more interest into crypto especially institutional investors and we definitely saw that too this year because coinbase you guys know they launched an ipo in the united states and they're going to get a lot of also institutional investors involved because right right now they kind of proven that this market is very very profitable but anyways this etf is another way to bring institutional especially old money into this space and also the more the more important thing is also to see where the sec stands on this right because if the etf passes it's almost like the sec saying sec saying you know what this stuff is okay to trade you know that's that's kind of what that's kind of what people are looking for right it's like this kind of like um implicit understanding right oh yeah the sec approved that you know before they were concerned about manipulation they rejected it but if this passes if this passes it means that that manipulation risk is far less now than before so it gives a lot more confidence to this space so that's kind of where this is kind of where it's going so this is right now this it hasn't been approved yet obviously it's going to be a while for this to happen but this is what people are looking for this is what people are eyeing in this circumstance all right um also guys thank you guys so much for joining so i saw a donation amateur gamer thank you so much for a donation we got so x welcome to team crypto guys thank you guys so much for your support guys i really really appreciate it this channel is a very community channel we are we're trying to do as much as we can to stay off too much hype and we're trying to get follow solid information so i really appreciate your support both amateur gamer and so x thank you guys so much um and guys whilst your guys are at it if you guys like news updates like this with which are filled with insight right not just just reading what's out there but have an actual insight and understanding into what's happening and being critical about it do smash up the likes this is what really drives the channel and makes it awesome all right let's go quickly lightning rounds to the rest of the a lot of the remaining news that we see happening so we definitely see a lot of this plot information and this is absolutely true a blockchain data is definitely suggesting that people are traders are buying the dip and we saw that a lot yesterday absolutely happening this is also quite interesting this um this was new um new zealand retirement fund reportedly allocates five percent to bitcoin yes it's kind of interesting right like some news like this like i and i feel so old bringing this stuff up but you know five years ago this would have been just crazy right this would be an impossibility but it is happening now with like larger and larger funds and institutions are buying into bitcoin and that's that's kind of interesting so this is some kiwi saver kiwi saver kiwi saver thank you kiwi saver and something that i also say it's not just retirement funds but also like say made to show show which is a chinese company they followed tesla suit um tesla's example and bought bitcoin and of course i think the biggest kind of news this week overall i don't want to say forget is that tesla itself is going to accept bitcoin as a way to buy tesla this is going to be awesome i mean you know you can guys just go directly and buy and even though like i seen that you know this was a big news and there's like everything you know everyone's discussing that right but um there has been a little bit of fear and certain adult on that too because we saw one of the top articles i was reading this from a coin desk that says it's not easy to buy tesla with bitcoin it's not um and okay here's what i read into this right while this is an article designed to catch people's attention because we know for a fact that elon twist uh tweeted that yes you can buy you can buy a tesla with btc directly and he's not even going to sell the btc right he's not going to say oh btc is just a method of payment he's not he's going to take that btc and keep that right and we know that for a fact that right now tesla under balance sheets they bought 1.5 billion dollars worth of bitcoin so you know exactly where um elon's heart lies right so um a few things right so people are complaining okay no bitcoin discount i don't think that's a complaint right guys guys we shouldn't expect a bitcoin discount anymore right this guy's buying bitcoin is keeping bitcoin i think what more can you ask right stop asking for discounts every day all right if this is making into the major headlines as oh no btc discount like how privileged do we have to be right relax calm down here okay so first of all no btc discount okay whoopee whatever but the other thing i think that does um that is valid in this article is that if the bitcoin address is entered incorrectly bitcoins your bitcoin may be irretrievably lost or destroyed i think this is actually quite important um it's essential for people using bitcoin i think people who have been using bitcoin know this already so yes i know this is um it's it's a part of being your own bank right being your own bank means you double check your own stuff uh so i'm kind of answer that to say you know if you're in the crypto space yes you have to learn how to enter and address correctly and it's not super easy all right i'm not gonna trivialize this because it is a large number of digits and sometimes right sometimes people do make mistakes and i think it's not i think it's incorrect to blame the user on this but anyways um i just find it kind of interesting it is it is a barrier to adoption recently you guys probably know that i've made an interview with the guys at eve box you know they're trying to produce a product that's essentially allows for people to if there was an accidental wrong sending you can still retrieve it and i feel like something like this is actually very key in the future for overall adoption where you you you you put it into this kind of middle contract where if there's a wrong address or send it to the wrong person well fine you can retrieve a little bit of that but anyways regardless right now if you buy tesla with bitcoin if you send it to the wrong address well sucks to be you it'll be lost forever that could be like worth you know fifty thousand dollars worth of btc so if you ever do want to buy bitcoin with um with buy tesla with your bitcoin do make sure you send it to the right address oh that's all i can say all right um next up uh in terms of news this is kind of interesting too um uh actually wait let me let me let me just read some comments um up here so uh just first of all thank you guys so much for a donation so x just upgraded his membership to mini whale so thank you massive respect mini whale over there we got will william taylor do you see the labs pumped today we'll definitely take a look at what's happening with labs and everything else and then we got uh what is this uh i thought i saw a tesla comment here why is everyone chanting daddy shark doo doo doo doo doo baby shark doo doo doo doo all right that's that thing's got stuck in my head so much but anyways um i saw a comment can you trade the tesla for more btc can you trade a tesla for more btc says val rocks hard i'm sure there is i'm sure there's a secondary market that takes btc that would be but yeah that would be interesting all right okay so moving on to the rest of the news we got kathy wood uh uh she likes to make the media news but this is actually interesting this is like interesting comment from her so you should see it says btc investors should shouldn't transact until tad code tax code changed all right this is to those americans out there so selling or transacting your bitcoin isn't worth the tax burden says the ceo of arc invest very very interesting i i i do think like um this is where um i would say is it is one of my biggest weaknesses because uh i have virtually no understanding of u.s law uh u.s tax law um i'm not american first of all also i don't uh in hong kong we don't have any um capital gains tax that means we can trade cryptocurrencies freely and we can take profits without giving any tax to the government right so this is not a required so this is not a tax this is not a taxable event in hong kong where you can buy and sell so we can transact um whenever we want and not be burdened by this but i do know i have friends are americans and this is a very very important point of contention right where yes if you do buy and sell right now you have to report that which is one of the biggest problems with coinbase because they automatically report that for you on your behalf and then you must make sure that you file that correctly with the rs otherwise tax man you know tax man yeah not not not a government body that you really want to mess with to be honest um uh so so in that case um um is this a i'm thinking like this this could be interesting because i know a lot of people hodl so if you hodl and you don't make any trades that could be interesting or the other alternative is you just take it out of the exchange right and then you you deal with it yourself that could be a possibility too now tax is becoming a very big burden i think there there is need to change u.s tax laws and one of the ways one of the reasons why a lot of cryptocurrency people are super excited about obviously tesla accepting bitcoin is also i think to do to tax reasons too right because if you directly buy a commodity with a commodity right that shouldn't be a taxable event because i don't think it enters fiat anyways don't quote me on that but i think there is there is a little bit of a nuance there but no one's saying this because you know it's obviously no one wants to offend like piss off the rs and say look we found a way to evade taxes but that could be an interesting thought where you buy a commodity with like um or bitcoin which depends on how you want to view it um but if you buy bitcoin if you buy tesla with a bit with bitcoin does that mean you're not trading it too interesting right anyways it's just it's technically a trade right like i mean if you're trading watches or you're trading um pokemon cards that's not taxable right anyways um don't quote me on that too i don't know uh but it changes the game all right cool so anyways uh that that was kind of interesting um you guys might want to pay attention to that um this is also interesting on the regulation side um i felt crypto mom warrants about fractionalizing nfts it could be breaking the law this is very interesting because we saw non-fungible tokens collector pieces of art right and then we seen that there was an immediate response to that so say art could be very expensive right but what what if we can fractionalize that art say for example the bpost art that everyone knows about that sold for 69 million dollars right now can you fractionalize that take that into you know split that into a million pieces and sell it for six dollars each or six point nine dollars each that could be something interesting for collectors right now have a fraction of something we we know that this in terms of technology is super easy to do in crypto so but does it have a legal kind of ramifications is this now a security very very interesting now the biggest issue right so after looking at u.s law for a long time yet again not a lawyer but i've been to a lot of classes to learn about what is happening a lot of what happens and what's dictated um about security is very very vague i mean that's i think that every opener that every lawyer top um that talks about securities says is that they tell you that um u.s securities law is very very vague and i think it's intentional right it's intentionally vague there are tests to prove if something is may not be or okay look how we test is not a test to prove that something is not a security all right i want to put that straight out but how we test is kind of a guideline to tell you if there are traits of it being a security all right so that's what everyone looks at this is why a lot of people refer to the how we test but the how we test is not a definitive proof it doesn't prove that it's not a security but anyways regardless if you fractionalize it can this you know trigger and become a positive for security crypto mom suggests maybe so maybe so and that's kind of a barrier to nft fractionalization but anyways we'll have to see how it goes i feel like if you if you don't know by now right now the the legality the formal legality of everything here is very very vague right um this is this has been a big problem facing crypto it's something that we dealt with over the years all right and uh you know for the longest time there was this worry of whether ethereum itself is a security or not or even with ripple is a security not recently probably saw the delisting of ripple um and these are ongoing um like these cases are actually going to be these landmark cases that dictate the flow of the future right but they're still not settled yet a lot of these cases have not reached a conclusion yet which leaves us in this kind of very gray area and um i mean that's something that we unfortunately have to become comfortable with we got mark carter says i want a cyber truck um that would be i i don't know i don't know about that um cyber trucks are cool cyber trucks are cool i think i think it's like elon elon stumbled on something that's actually really vital um you know if i if i'm in the us i would rather sit in a uh in a cyber truck i'm asian i don't want to get shot so yeah it makes sense right but anyways um no more grim stuff here but we also got silverback stacker says ignore sec continue x number one ignore sec number two it continue actually excluding u.s citizens it's kind of sad right kind of sad right now but it is true a lot of a lot of projects are not accepting u.s citizens um even for trade exchanges right a lot of exchanges are not accepting u.s residents or citizens and you know unfortunately you just have to wait for legal clarity um sad times sad times um dennis c says why is march always a red month i think it is it is but it's been redder before um i think it's i think okay look look look digressing a bit will continue on the news in a second i do want to take this little bit of a break and just relate something like it it sucks to see the market going right right yesterday i woke up and i was like oh my god like um it was like it was shocking to look at coin telegraph right um not quite quite quite quite gekko you know i that's always the first thing i do in the morning i grab my phone all right coin gecko tell me what's happening all right boom full page of red everything everything down 10 20 percent oh my god or bitcoin nearing 50 000 oh hope we don't dip below that it feels bad obviously but at the same time you know deep down inside as someone who's been in this space for a long time you know that the market needs the time to go down the number can't just keep going up i mean if number keeps going up everyone that's a veteran in a space is preparing for a major crash right that's going to wipe us out to zero um but if you if you kind of release a lot of attention by these dips it makes a lot more sense right it gives a lot more entry points for institutional investors long-term holders to enter i mean people who are um if number keeps going up people are very much just like throwing money blindly but if number goes down this is when people start to think right and this is actually really good for the market so i think very early on um on this chat uh there was a there was a comment that said uh you know uh this dip means that we can go much further up and i totally believe that it it sucks to see number go down because obviously i have a lot of crypto holdings too um but at the end of the day you know if if um going down actually means right now especially at the state right i still remember the 27 2018 crashes it was like 20 every day um after like like for a week right and then it just took the market cap completely down fifth like half right it was a it was a very very big collapse and this is definitely not happening at this point so you know oh all right so okay let's continue let's finish up the news i think we're almost done here okay so yeah so elon says um tesla now it execs bitcoin yeah we talked about that already uh so yeah we've got the fidelity files for bitcoin etf we saw that already oh we have this is kind of interesting if you guys are collectors there's pokemon so pokemon not pokemon poke uh uh poke amon poke pokemon is polka dot pokemon pokemon you'll have you can claim your eggs at this current point so if you guys are interested into claiming egg it's actually not expensive so you can just like connect your wallet and then you can click the claim button which is something that i've done it did cost me around ten dollars in terms of gas fees but if you do this you might have some cool pokemon to play with in the future and you know with all these entities right this is an opportunity you probably don't want to miss out on to be honest to claim an egg and see what's a pokemon you can get out of it um all right um more news up we got crypto is not regulated in turkey and it's thriving it's thriving because of regulation and this is where you know every country has a different view on crypto right so yes i think i think in terms of regulation like over regulation will be something you can see in japan um so japan is infamous for allowing bitcoin early but over regulating it but turkey is doing the opposite it's thriving because there's not too much regulation this is good and bad i think this is where it's going to be battled out in the future i feel like people countries like this is at the core countries that are open to crypto they're going to get the next big wave early it's like why would you ban internet like imagine if countries right started banning internet when it first released right then they're in the then their tech sector is going to be super up like super out of date because they have to cat they have to catch up when the world um is far more advanced right i think this is absolutely pivotal so i actually think like you know um this is like quite um quite some good news where you know countries are realizing that blockchain is going to be the future and i feel like there there should be some um changes i mean right now us is just going to be crazy everyone's excluding us but also china i think china is like blockchain but not bitcoin philosophy i think this really needs to change because what we're seeing here is the arrival of a new type of finance right and this is where if you kind of hold it back a country is going to be behind anyways i'm not going to lecture too much about it but i feel like that's going to be one of the big issues now um obviously that being said uh why this regulation is because people start scamming so this is one of the situations where it's kind of sad to see this so there's an instagram celebrity apparently he was running a 2.5 million dollar bitcoin scam so this is j mazzini uh so apparently this is something that i thought only scammers do but apparently this real person was doing this where um he promised basically people to buy um bitcoin like send me some money um but apparently he never got it so let's see uh he started offering to buy bitcoin from his followers at three um three to five percent over market value so this is running one of those scams that say yo i want to buy some bitcoin send me your bitcoin i'll give you some cash and i'll i'll give you like five percent extra five percent extra and obviously you know that bitcoin transactions cannot be reverted so you probably people probably people sent him bitcoin and then uh they never got the cash right this is like it's sad to see this right because bitcoin obviously transactions cannot be reverted you can't go and call a bank obviously you can sue him which is exactly what's happening and then you know that's fraud um that's actually illegal people go to jail for that so it's good to see that enforcement is coming away but i just want to see us uh you know i just want to say this all right right now this place is full of fraud and one of the reasons why is because bitcoin transactions cannot be reversed the moment you send it it is to that person it is gone forever all right um and uh that's something to remember and something i've been seeing on my side um that i want to say is um there's a lot of people pretending to be me right um if you see that um going on on the bottom so i think so what's happening right now and i have to warn you guys about this right even if you search box mining all right first of all if you search box mining holy crap right like there's like a million box mining and what the hell okay so i'll tell you guys something first of all this these two are legit but all of these are scammers so box mining with correct spelling is correct box money news that is also subsidiary that's uh my um website channel but box mining e bob b o mining box mining underscore underscore underscore these are all scammers please report them and the problem of these fake box mining is that they're gonna ask you for money right they're like oh yo send me some money i'll double your money like don't ever believe that there's also fake people on the bottom of my chat nowadays like they pretend to be box mining we tried our best right guys like trust me i try my best to try to block these people i'm trying endlessly to um basically anytime there is someone fraudulent there uh what i do is i try to post it on twitter so i do ask you ask for your help here like for example this william son guy he's made a fake profile claiming he works for me all right like he's on linkedin apparently he sees he's putting box mining as a a cryptocurrency analyst slash advisor box mine is fake but the problem is like linkedin you can't remove that that's the stupid part right i can't go and say i've removed this guy i have to send an email to linkedin and then um linkedin takes like weeks to reply so guys please please report these scammers so this guy is a big scammer this also he's basically pretending to be me and trying to ask projects for money and then projects obviously send them because they're stupid right they don't do a fact check they do a fake email spoof um they pretend it's someone working for me and they get money and once they get money they'll have more money to scam people right they can hire more scammers right that's how it works so it's kind of depressing this freaking space it's like so i do ask for your help from time to time guys if you guys can help this channel out um it will really cleans up the space um it really pisses me off to see something like this um so yeah there's no such thing as a williams uh um in fact box mining right now um this is very much a solo operation on my side um some people are listing themselves as like employees of box mining these are just pure scammers so please please please um you know it's disgusting it's disgusting um like um blocking scammers is also futile like um something that's kind of interesting is that i didn't really know the twitter problem was this big right because you know i searched box mining just now and this is um i don't see this on my main account right um this is because i'm on another account called box plant it was just something for fun uh let me move my window here so you guys can see that so i'm on my box plant profile right now so blocks plant um um is my new account but what happens on my my own twitter account my one is that unfortunately all these scammers they block me so i can never see them i can never see these scammers unless i go to another profile and see them so guys do do help me it's not it's not like i'm not trying it's like i am trying we try to get at least like five or six band per week but um i think like 30 come in its place so um there you go and on that note as well box plant new profile guys check it out uh this is just a kind of a parody funny uh profile um this is for my plant here so box plant itself this this is my plant my plant now has a twitter following so congrats uh thanks for that um yeah so so this is kind of crazy um joseph uh joseph sayless says linkedin full of liars and desperate people is a graveyard for job seekers i think old people use it for cookie hunting and soapbox for facebook but i found i found it useless the stupid part about linkedin is you can add any company to your profile right this is the worst part right like even if i go to my company right like let's go for my profile right now um like i can be like your real uh wait never mind who's not this one but um yeah it's let me see like you can go to your profile and then you can just edit it it's the stupidest thing in the world it's just so dumb i can go be like editor and edit um edit this you know i'm very bad at using this okay edit this plus this and you can add any any any company right you can be like microsoft microsoft okay i'm working at microsoft and i'm like ceo of microsoft right and you just add that on and then boom right you're you're like oh now i'm the new ceo of microsoft congrats all right guys uh there you go it's like congrats now now someone who views my profile oh hey look this is the ceo of microsoft now okay linkedin is so dumb so dumb um all right and then so the worst part of obviously is that people put that on their profiles they work at box mining they don't all right and then removing that it becomes a pain in the ass so anyways uh there you go anyways um um all right so that's pretty much it we also have harry hudal says you're lagging behind look at jmy crypto bitboy gonna be proactive your content is good so yes and no so this is kind of funny i'm talking about bitboy and stuff so all right this is where it's hard for me to talk a little bit but i'll talk a little bit about this so obviously right now youtube is a blossoming space for youtubers right a lot of youtubers are making a lot of content and they're talking about their favorite coins trying to pump that price up trying to get increase that interest and then of course they cash out and dump and it creates this very negative scene so this year i definitely see a lot of people you know prove that bitcoin pumps and dumps on their subscribers so yeah bitcoin and bitboy and other youtubers okay so youtube is getting a pretty bad reputation and this year i consciously decided to be more of an investment focused um investment focused than youtube focused um i kind of see it both ways right so i kind of saw that um if it's about money uh the best way to make money on youtube is to really make clickbaity titles uh make a oh this is a 100x moon project etc etc try to raise interest for that and then obviously the temptation will be to sell etc and i really did not want to go that route um that was very clear this year so this year i chose to go for a more investment focused approach so um so i'm dealing with a lot of asset under management i'm dealing with both farming and i'm dealing with investing into new projects and i don't always talk about every single project i think a lot of people want me to do that and like i know that it's a trend but i also felt like um that kind of reputation in the space matters a lot more right so i didn't want to make too flimsy of a videos just you know clickbait titles i i know this it works i i i've been in the space long enough to realize it works um but i wanted to make uh i wanted to make more valuable content and more general content that's more suitable for a wider audience i felt like you know if if we're to grow we should grow together right i think it's um getting valuable information is more important than getting exciting information so i've been more focused more on investing and kind of relaying some of the experience back to this channel which has been kind of my primary goal this year so for investments have worked super well i think that's that's a given right so been investing all the way through 2018 19 20 and then got into a lot of projects um this year which have been very very performing super well like um yeah so um this is a year where where i definitely want to grow the investment side i don't want to leave you guys behind also um this is where a lot of these live streams are relaying a lot of the information the key industry information that is coming out and i really hope you guys appreciate that so if you guys do appreciate that on that front smash up the likes i've been dialing down a lot on the clicky thumbnail stuff i i might go back into that it's just the way youtube works i think that you know i've been in space long enough to realize that youtube loves a few certain things like click baity titles 100x moon oh my god coming soon um but i i've been intentionally not doing too much of that um just kind of seeing how that goes obviously the performance won't be as well but i really hope you guys appreciate that so there you go uh like jason was actually what is the point of thumbnail faces it's kind of interesting there's a science behind that too right like like you have to have a shocking expression like you know that's that's been proven it does better because it increases the click rate um and um so every time an um click per impression rate basically is the key statistic that you youtube is looking for they want something very stunning and faces really because humans relate to faces a lot more so typically speaking say for example the best practice on youtube would be to pay put a very large face that takes up like you know uh at least a third of the screen and then have an object right so that's kind of the the winning strategy but anyway so we might do it soon i mean if people if people really want this type of stuff you know like if people want if you guys want it i'll do it whatever all right so yeah um that's pretty much that's pretty much that discussion i feel like like i do feel like some youtubers are very overplaying it i think like um bit boy is running a good business i really think so like um like he he he i definitely see his hunger like um he wants to make money right um and you know i will definitely say you know this year i've learned better i congratulate people on their businesses you know congrats on your business hope that goes well everyone uses a different strategy um and hopefully you guys um know what's good and bad but anyways uh uh harry hundo says yeah he's dumping bibway i pray he never mentions coin i'm holding he mentions new cypher i was holding it pumped and dumped like crazy um that's a problem with this space um like it's like i don't want to shit on other youtubers honestly because i know there there are struggles and honestly youtube is not nice to us right um youtube has just been pretty brutal to us and uh youtube loves clickbait it's not a it's not a youtuber it's it's not bred by person it's more bred by the platform but um i intentionally don't do it i felt felt like that's not necessary although i think you know coming to this conclusion i feel like you're kind of forced to right you're kind of forced you kind of feel like you know youtube it's it's it is youtube thing but anyways guys smash up those likes but uh smash up those likes so michael doesn't have to go back to clickbait well i don't really have to make youtube right i mean i think but anyways guys i'm not i'm not leaving i'm not leaving you guys i think this channel this community has been amazing um i want to give back and yeah we'll decide together we'll decide together what works what doesn't work and uh um stuff uh elijah killens says box you are the only reason i still use ut thank um to use yt thank you so much thank you so much i really appreciate that guys um i really really appreciate it green okie doses um i was behind the stream but i just want to say that thanks for not being overly click uh clickbait oriented it's actually one of the main reasons i started to follow you thank you thank you so that it um i i appreciate that i appreciate i appreciate people noticing that like um i've gone through the clickbaity phase i know absolutely it works i mean in fact something like tubebuddy they um there's a an analytical tracking engine that you can use to track to see how well your thumbnails perform and we know scientifically speaking that clickbaiting um images are way better are way better it's just a fact right and uh um like you know i think the key here is like i would discourage youtubers from going being too clicky especially clickbaity especially when it comes to titles i think it's just it just makes this space nonsense but also i would just go to say for youtubers who do this right i understand why i understand why um there you go so anyways um uh llama666 you're the only one i trust on youtube in this space thank you so much guys thank you so much thank you guys so much for your trust and respect really appreciate it really appreciate it um yeah it actually means a lot to me thank you guys thank you guys so smash up those likes guys appreciate it uh uh stop showing a reddit thread with uh 1 million uploads but anyways but i i definitely see this as a problem like 100x potential i mean i've done that before and i i um something i would say is during i've done these clickbaity thumbnails before and during the video i'll say you know let's be reasonable here but i think a lot of people um why also youtube gets a bad name is because people only see the thumbnails too um you know um it's all about content um hopefully hopefully hopefully it will be out of this phase um i definitely feel like there needs to be some sort of change in the youtube algorithm space too anyways okay um all right last few things are kind of vaguely interesting chinese banks are now allowing people to apply for digital yuan wallets um this is coming so dcep has been blowing up for a long period of time uh china's moving digital so is rest of the world uh uh um and we got the fed chair powell says digital dollar would need to be stronger privacy than the digital yen so this is all kind of talking about this digital currency space money going digital right and this is something that i feel like um i'm just gonna say with a smile because a lot of resistance was there was a lot of resistance for bitcoin as a digital currency right but now i feel like the trend has been that every person that or every government that has been resistant is now jumping on this digital currency bandwagon well also not bitcoin but it also validates a lot of concepts used here they people know that the future is inevitably bitcoin no one wants to handle physical cash anymore and okay i just saw my thing going down but let me but honestly i feel like this is the way to go and why i'm smiling is that they're super behind um let me give me one sec let me change my batteries all right all right all right so box is back all right we're good so yeah every time the batteries always run out after around an hour or so so yeah so we exceeded the stream good job guys thank you so much for coming here um we're going to talk a lot more about our future um something that's kind of interesting upcoming is a few discussions that i had uh one of them is with hacken so dima from hacken talking about cyber security i actually do feel like i was actually trying to think of a click-baity title for that and i and i kind of settled on uh this is the most underrepresented industry in crypto kind of something like that we'll see but anyways i was a talk with dima talking about cyber security and this is something that's um if you look at the statistics right basically this is such a big industry and even in the traditional world like cyber security um i have a few friends that are security consultants but it's way more important in crypto because crypto contracts these smart contracts if they break they lose a lot of money and we've seen that every like every few weeks like 20 million 30 million dollars gets stolen from a smart contract right so this is something super important and we kind of talk about why this education is very important to under let people understand that contracts must be um validated before they get launched and cyber security is super important so anyways we'll talk a a little i spoke a little bit with dima that's coming up in an upcoming interview i did a talk uh i did a interview with sandeep from polygon and yet again i was kind of it's kind of interesting because this guy's so technical i was like kind of guiding him towards more understanding general general understanding of what the scaling solution and spaces so i'm actually pretty excited this week i've been super busy done two um interviews and then uh yeah done a lot of kind of um investing in this space so i'm pretty happy this week um with everything i'm pretty excited for all the interviews that are coming up and pretty excited also um been working a lot on refinable as well so refinable is an nft platform that i'm helping out with i'm doing a lot um i'm gonna i'm listed as an advisor but i also do a lot of the work just looking at the product and everything just making sure it's um actually good so yeah so a lot going on there a lot going on in the nft space i feel like there's a lot of thought going on as well like in terms of the direction of where everything's going so yeah so um that's been pretty fun i hope you guys had a good great week as well you know just um you know it could it could be times you know during this week there were times when you see the markets down everyone's going to be emotional including me i was like oh my god markets down i don't feel like doing anything but i'm not you know then you should that's when you're time you got to push yourself to do a little bit more work or take some time off get some relaxation in so you can jump in for the next week and i feel like that was kind of what's happening there so guys i hope you guys are great um i hope um everything is uh going super well i um and yeah i hope you guys uh have a great weekend uh we'll be back for more a lot a lot of stuff happening so make sure you guys smash up the likes make sure you click the little subscribe button down below um that'll get you um a lot of the newest videos coming out we'll talk a little bit i think i think inevitably i think i'm going to do a few videos about what i'm holding i think that makes a lot of sense and the reasons why i think that makes a lot more sense there so what i'm holding what i'm looking for what sectors i'm looking at i feel like that's kind of the middle ground i would say between you know super clickbaity these are the low cap gems um and what i find value in this space i feel like that kind of makes more sense so i'll kind of gear towards videos towards that that'll be coming next week uh so guys i really want to thank you guys smash up the likes guys thank you guys so much for watching today uh see you later and find something fun so yeah recently i've been trying to fly uh my fpv drone still haven't crashed it yet so that's been good i'll hopefully show you some cool clips coming up next week um and have some fun on the weekend as well i mean that's what i'm gonna do i'm just gonna chill a little bit i feel like um i've been working like way too hard like i'm facing exhaustion sometimes and uh yeah so you need to get some rest relax enter next market and um i really do feel like um rest is important because we're gonna have a major run coming up soon i mean if if if this this fall if this fall doesn't take crypto down which is not which is not happening right then that's that's actually giving way paving the way to something greater that's my personal belief not financial advice but that's what i'm gearing up for that's what i'm doing and um yeah really um really really um hope you guys get some good rest this weekend so dan bronco says bro i've been watching you since 2017 you helped me get into vechain you are the best in crypto youtube man vechain's been crazy like that that keeps me heart pounding every day right like that's that's insanity like vechain is above um it's all-time highs right now which is just great um it was not an easy hold i would have to say like that was just it was rough right there were some rough times where you know like look at the one one year performance it's like up 28x 26x right that's that's insane it's up 2065 um 2055 percent it's insane i was just watching this like it's hard not to get excited like like i do the opposite of every single crypto youtuber right every crypto youtuber is like oh my god this is the most exciting thing in the world because emotion sells on youtube but for me it's like if you want to be a good investor you got to be emotionless right you got to be not manip you got to be thinking of strategies rather than emotions so i kind of feel like i'm always conflicted in this sense but anyways yeah it was pretty hard to start my heart from pounding i was like oh my god this is just insane um and i hope you guys have an insane time as well so anyways guys thank you guys so much for uh coming in hopping in today smash up the likes um and i'll see you guys soon all right i'm gonna do the outro 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 acknowledged privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto a playlist and 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