Cryptocurrency, Bitcoin, Ethereum, GME, Doge Update.

to go live on YouTube, but welcome to the Facebook people. I think those are already online and let's click the button. We are ready to go live, guys. So, well, welcome back to another episode of Box Mining. We are on the 5th of February right now here in Hong Kong. It's 11 a.m. bright and early in the morning, but I know a lot of you guys probably are having different time zones. So anyways, guys, welcome back to another Box Mining episode. It's been a lot happening this weekend, especially the fallout from the whole GameStop episode. And there's just been so much development elsewhere. I just want to highlight everything that's going on. Obviously, we've got Dogecoin taking off last week. And yeah, the story kind of continues on. There's also a lot of drama today. Like this whole weekend, I was seeing a lot of drama on what was happening with kind of these pump and dumps, right? These accusations of pump and dumps. Is it real? Is it not? And I'm sure it's happening in crypto, right? I'm sure there are pump and dumps being organized right now in crypto to catch on to this fever that we have right now, which is this surge of new people interested in cryptocurrencies after the whole debacle with how Robin Hood handled the GameStop incident. I definitely noticed a huge surge of people. In fact, one of the conversation chat groups, so I'm not sure if you guys are using Clubhouse or not. So that's like an audio-only chatting place where a lot of crypto people are on. There was also this giant group that was discussing Dogecoin. So that was like an 800-people group. It was just absolutely nuts this weekend. I had the honor of joining them. And it was very interesting just seeing new people, new faces, asking about cryptocurrencies, asking if Doge is good or not, or if Doge developers are still around. Very, very basic questions where to trade cryptocurrencies. But obviously, there's a lot of interest, right? A lot of new interest into the space. And this is really coming from two friends. And I really want to explore this because this is what's going to fuel our next big push, right? You see crypto currently at this point. And honestly, for me, I feel it's undervalued. For what we are delivering right now into the space, I feel like cryptocurrencies, Bitcoin, Ethereum, also like VeChain, everything. Everything is like super undervalued because of just how much innovation this space can bring, especially in the field of decentralized finance. And I feel like this has really solidified my dedication into making sure that I know I'm on top of what's happening on here. Just to give an example as well, you know, the whole situation with GameStop was a situation where big institutions had a very big say. And it was a point where they were bleeding money. And a lot of people suspected this. And I'm absolutely sure that this is exactly what happened. It's just a matter of how well they hit it. It was a situation that the freezing of buying of GameStop on Robinhood is 100% motivated by big capital saying, yo, just don't allow people to buy it. And then, you know, that will save our butts. Thank you very much. That's absolutely what was happening, right? They were bleeding their asses off. In fact, you know, in terms of what was happening with GameStop, you know, the big institutions, they were the ones who were putting shorts, right? They were hoping it would go down. But the more it went up, the more expensive it got for them. So not just in terms of kind of losing money, but it was costing them almost 10%, 20% to keep their positions alive per day, right? They were just bleeding, right? It was a situation where if you ask, do gods bleed? They bleed, absolutely. And when they bleed, it's just a lot of money pouring out. That went straight to retail, right? That went straight to everyone. And then they said, you know what? Let's stop that bleeding. Let's get Robinhood. Let's get those guys to just stop the buying of GameStop. We'll repackage it. We'll repackage it. We'll say, yo, yeah, it's protecting our users or some BS like that. Oh, it was even better. That interview with the CEO of Robinhood. But yeah, we got obligations. That's why we're suspending the buying, right? Made no sense. Anyways, I'm on a rant here. But anyways, this stuff doesn't happen in decentralized finance. And a lot of people still don't realize that. They think, oh, maybe, you know, what we're doing here can be stopped when Coinbase says, yo, we're going to freeze trading. That doesn't stop. Because anything that's on the blockchain already, that's on decentralized finance, say, for example, Uniswap or other decentralized exchanges, we've seen that blowing up. That doesn't stop, right? There's no one that can say, yo, it can call someone and say, yo, CEO of whatever, turn this off. You can't. Once this code is released, once it's out there, once it's running, it's unstoppable. And this thing went on, like, there's just so much evidence for this, right? If you look at China, they tried to ban Bitcoin in 2017. Now China is still one of the primary markets for blockchain and crypto, right? Even though there was a ban in place, it's virtually impossible to ban. And that's kind of the craziest part about this, where once it's possible to block or try to block the gateways into crypto, but once you're in crypto, it's perfect. And now what we're figuring out is that even if you try to block people from entering crypto, something that happens is that people do peer-to-peer, or they do OTC, or just other methods of getting into crypto that doesn't involve a direct exchange. And that's kind of the power here. But anyways, I'm digressing. I'm digressing a lot. So we're going to talk all about this and the fallout of everything here that's happening today. We're going to do that in this episode. So guys, make sure people come in and smash up those likes. If this video helps you, especially if you're new, right? If you're new, ask questions, right? I'm looking at the chat. I know there's a huge amount of comments there. We've got BitBoy Crypto. Welcome to the channel. He says, stock market is a scam. And it's not just a stock market. It's the whole traditional centralized finance. It is a big scam. It is rigged not in our favor, right? The big banks, they have a huge play in this. They can not only move markets, but they can also move regulations. That's the problem. That is the biggest problem with the traditional centralized finance, where they pretty much, I don't have a pocket here, but they pretty much have all the politicians, all those lawmakers, all the other banks. They have those people in their pockets, right? That's why in very much ways that crypto is innovating this space. It's not only creating a new space for people to go on, but it's creating a new space where there's no centralized leader. There's no one who can control everything. And that's the power of what we are talking about here. So anyways, guys, welcome to this channel. Make sure, make sure, make sure, make sure you guys smash up those likes. And I'm definitely reading the comments. And we are going to spread some good vibes as well. Yeah, let's get started. All right. So as normal, what we're going to do is we're going to start off our usual episodes with just a very quick glance at the market and what is happening so far. So you guys probably know that this week was, Friday was crazy, but this weekend did not go exponential, right? I think, you know, there was potentially this potential to go above for Ethereum, especially because Ethereum was approaching that big, big barrier, that big wall. And we almost broke it. We almost broke it. We're almost about to break the wall and we didn't break it. So that's why in this weekend, all right, Bitcoin, Ethereum, the major cryptocurrencies, they've stayed relatively stagnant. So past 24 hours, Bitcoin, not too much movement. Ethereum, it fell down to 1,300, but that's not the end of the world, right? The biggest kind of craze was really on Ripple. Ripple went a little bit crazy. It's up 17%. And also if you look at the past seven days, it's up 77%. This is not too unexpected. I feel like a lot of people got into Ripple all the way back in 2017, right? So there was a lot of kind of fever and pent up kind of push for Ripple. Yeah, I almost said that last week, right? Like, let's look at Ripple. Let's look at Tron because those are the ones that kind of the mainstream people really like at the start. I'm not sure why. Actually, I do know why. It's because like they're cheaper than everything else. They look like they're going to move faster than everyone else. And then there's a lot more bag holders that are in general public because basically it got dumped, like basically got pumped by CNBC and then the rest of the mainstream media. And then everyone bought it and then it got dumped on, right? That was kind of the unfortunate side effect of Ripple. But anyways, Ripple's back. I'm not going to bring up too many of old stories, but Ripple's back. It's telling us it's back. Dogecoin is also kind of, it's trying to move up, right? So in terms of Doge, it had a huge rally, huge, huge rally. And I told you guys, I wasn't entering a position in Dogecoin when it rallied, right? That's the kind of key here where after something rallies, the risk just becomes exponentially higher, right? If it went up seven times, well, it can go down seven times too, right? That's kind of the risk here. But that's why I kind of like I'm eyeing the market. And for me personally, yes, I'm definitely taking a look at these meme points. I think I learned a lot from memeability. And this whole week, last whole week, the whole last week was kind of a readaption of strategies, right? And I think that I was telling you guys, I did have boomer moments, right? Like there are moments where I'm like, maybe the traditional way is the right way. But you have to realize that marketing really does matter, especially getting something that can really appeal to the masses. That's very important. And that's the lesson I'm learning from the Dogecoin rise, right? From after Wall Street Bets came, Wall Street Bets just straight dumped into Dogecoin. It caused that enormous rally. And my take home from that is that being able to meme, being able to simplify a message is very important. And this is why I still feel like decentralized finance has a little bit way to go, right? I did join Clubhouse. And I was telling you guys, I did join a giant group of people talking about Dogecoin. And I did talk a little bit about decentralized finance, but it completely went over people's heads, right? There was no way that any normal person that hasn't understood Ethereum or understood how decentralization works can understand where decentralized finance is heading. We all know this. If you use Uniswap, you know where it's going, right? You kind of know what's happening. You use all these lending platforms, you know what's happening. If you use these insurance platforms, you know what's happening. But if you haven't used a single one of these decentralized finance products, it's still very foreign, right? And I feel like that's kind of the biggest challenge of 2021, where we start to get people to understand this. But once they do, boy, I think they're in for a quite surprise. Quite a big surprise. Quite a big surprise. I have a good question, I see. Just on the topic of Dogecoin. I just read this from Alandro Libertella. Can you touch on why you believe exchanges are backed up and how they can fix it? Had 10K in Dogecoin, I couldn't unload it through Kraken and heard Coinboost is having the same issues. Huh. I didn't realize that it was so congested. Usually, typically speaking this weekend, unloading 10K worth of something is trivial, right? Especially in crypto. Like, yeah, generally speaking, if you're unloading 10K, like anything under, like, say, 200K normally, you should be pretty good. Like, you shouldn't have to worry about liquidity issues facing exchanges. If people are worried, like people were asking previously of what some good exchanges to trade on, Binance, that's without question. Like, if you're trading Dogecoin, Binance is the way to go. You shouldn't really be trading on, like, the liquidity on other exchanges is so low. Like, Kraken or Coinbase, they're so low. They're super low anyways. Like, if you're talking about altcoins, like Binance or FTX, that's pretty much the two exchanges that have the liquidity that you want. Like, you should not have to be struggling to dump 10K or buy 10K worth of Dogecoin. Like, that blows my mind that people can suffer. Like, one of the best ways to do this, if you're really worried about liquidity, one of the best ways to do this is always click on the coin you want to see and then take a look at how much volume, 24-hour volume there is. Typically speaking, it's either Binance or it's Coinbase. But yeah, typically, Binance is on the top. Like, that's why they're the billion-dollar exchange, right? They have the most liquidity. Typically speaking, it's like, you know, if you don't have a Binance account, you know, what are you doing, right? Like, Binance, FTX, yeah, maybe okay. But yeah, those two pretty much dominated everything in terms of volume. So you should not have liquidity issues coming in. Like, definitely take a look. There's also, like, I do have to warn you guys. Like, definitely, there are fake volumes reported here. Like, a lot of times, like, there is trust score, right? And usually they're good. So just typically speaking, yeah, just find the top exchanges. Like, keep a mental note of that. And then find the exchange that they're traded on the most. That's usually the way to go for fat. But what I did see in terms of Doge over the weekend was that there was a big difference between the Doge Perpetual Future price versus the Doge USD price. Like, it was crazy, right? That gap was insane when it first started. So if you're looking at Perpetual Futures, it was trading, the perps was trading much lower than the actual spot price. That was actually very interesting that was going on on FTX this week. In fact, something that's very interesting as well, I just wanted to point it out. So FTX added two Perpetual Futures for GameStop and also for GME and then GME Futures, right? So GME Spot and GME Futures. It's kind of very interesting because there's such a big difference, right? They're the same asset, but one is a futures contract that's ending in March 26 versus one that is just a spot buy and sell, right? So what you can do right now in FTX is that you can trade out of the US markets, right? So when US markets are closed, you can still trade this on FTX, but you have to keep in mind that those markets are down. So there could be huge price fluctuations. But I found this very interesting where the Perpetual Futures were traded at, basically, that's like 30% less. So this is almost traded at $278 for the spot price versus $209 for the futures price, which is very, very interesting. I'm eyeing this very, very closely. So basically, if you want to short GameStop right now, the shorting price that you'll get is $209. But if you want to buy spot, you have to pay a lot more. You have to pay almost, or I was like, what, $270 for that? My mind is blown. My mind is blown. So yeah, so if you guys are interested in it, I do have a referral code down for FTX down below. I don't want to push them too heavily because they're very, very complicated. In terms of the tool set, it's complicated, but holy crap, is it powerful? So yeah, that's my kind of take on everything. But very, very interesting what's happening on the kind of the trading side versus the spot side, right? The spot side is where you buy and you keep. The trading side is where you get all the tools. But yet again, those tools are very, very costly. So anyways, that's my two cents. Wall Street Bets will buy TRX. So the kind of story now is, okay, so Wall Street Bets, they bought into Dogecoin, and now what's next, right? What's next? A few words of warning here. So I know Wall Street Bets is such a powerful entity, but at the same time, you have to be very, very careful at times like this because the initial play with GameStop, I would say, with GameStop going up like crazy like that, a lot of it is because the big funds were out of position, right? I was telling you guys that the big funds that were like Melvin Capital, they were putting huge bets on shorting, shorting the hell out of GameStop. They were betting it would go down. But the problem was they were out of position. There were too many bets on it going down. It was 140% oversold of the total market cap of GameStop that was unshorted, right? That doesn't make any sense, right? How can you short 140% of something? But not only that, the 140% that they calculated was the total supply of GameStop. But in actual fact, the circulating supply of GameStop is probably half of that because the rest of GameStop's stock is locked up, right? They have founders that have locked it up. They have original investors that have locked it up. So in terms of the actual circulating supply, they were shorting, the figure was around 300 to 400% of GameStop being shorted. They were heavily out of position. And that's when Wall Street bet and really kind of homed in on there, punished them for being out of position and just punished them hard. You just spank, spank, spank them heavily. But I do want to say that, you know, the next ones afterwards, right? The next ones after people go to, you have to make the smart play, right? The first play was a smart, high IQ play. And then the next ones, I feel like people are just too happy. They're too ecstatic. They're just like living off the euphoria. They made a big bet. They won the big bet. And then they're just trying to plow their money into the next one to try to hopefully make money. This is when it gets exponentially harder and exponentially more dangerous, not financial advice, of course. But for me, I'm just like, okay, look, you know, you guys should be aware that not everything is going to be perfect. It's going to involve a lot of risk, right? And I think that's what I'm going to preach here. I'm like, Seifu, all right. Okay, that's going to be the crazy part. But that being said, I definitely feel like the way that the Wall Street Bets guys are exploring crypto right now, I feel it's going to blow their minds, right? The way decentralized finance work, it's going to absolutely blow their minds. Anyways, let's move on to the news very quickly. I mean, obviously, the biggest winner that we saw was Uniswap this weekend. I mean, it makes a lot of sense, right? Decentralized exchange. You saw the stuff that's happening on Wall Street Bets. And yeah, Uniswap is the biggest hub for decentralized exchange trading. I mean, they hold... Right now, let's actually go to Uniswap stats, right? Let's see, about... Use Uniswap. Go here. So right now, $3 billion of liquidity on Uniswap. That's insane, right? The growth of Uniswap from what? It's like, this is like, at launch, it's like what? Like, oh, is this nothing at launch? And then, oh, maybe there was like a million, 20 million. And then, bam, right? It became very, very popular. $3.45 billion locked in Uniswap right now, right? That's insane. That's insane. And it's very, very liquid, these markets, right? So if you actually want to move something like Ethereum, right, you want to move Tether, you want to have these top pairs. Let's see how much money there is in top pairs. The liquidity in these top pairs, like USDC to ETH, what, $290 million in terms of ETH. If you want to sell and trade ETH on Uniswap, let's just go very quickly to look at how much impact you have on market. Let's say you want to buy like $10,000 worth of Ethereum and Uniswap. You'll affect the market less than 0.01%. 0.01%. 0.01%. That's your price, in fact. So if you want to buy 100K worth of Ethereum, that's $100,000 worth of Ethereum right now, you're going to affect the market in less than 0.7%. That's how much liquidity there is. That's crazy, right? That's mind-boggling how much liquidity there is in those markets at this current point. So I guess just to answer your point earlier, I think there was a question about Dogecoin and the lack of liquidity there. Definitely explore the Ethereum side, the decentralized exchange side. I mean, Doge is not on there because they haven't wrapped up Doge yet. Doge is a separate coin. It's on a separate network. But for tokens that are on Ethereum, you can very much gauge the liquidity of that coin on Uniswap to see how much interest there is or how much kind of activity there is. I mean, there's lots of stats, but I think this is kind of a rough guide. Definitely not a full guide, but yeah, it's kind of like, you know, that's more like it, right? That's more like it. Let's see. XRP going to the moon. XRP shields are back. XRP has some of the strongest shields in the world. I think that's, there's no point debating what's the point of XRP. It just, you just leave it there. It's pretty crazy. But anyways, so that's kind of the situation. Uniswap is really taking ahead, of course. Uniswap, the token itself, it's up to $17. Holy crap. When this was given out for free, it was like $2, right? $17 right now. Obviously, it's falling back a little bit over the weekend, but you know, that's kind of, that's kind of crypto life for you guys. It's there. Now, following up on the other major news, we've got Visa. They're reaffirming their commitment to crypto payments on on-ramps. That's actually not bad. I mean, this has been talked on for so long, right? Being able for people to have exposure to crypto, how do they buy it, right? Visa was basically saying, it was kind of on and off, right? Visa, you know, 2017, Visa wasn't very pro-crypto. Now they're like, oh yeah, we're pro-crypto now. We're going to have more services. So definitely expect more services to use Visa to buy crypto and also to have that connection as well. We also have Fortnite founder says, NFT tech going places, but currently a speculative mess of, no duh, right? So this is talking about non-fungible tokens. We've been talking about non-fungible tokens on this channel for a long time. They're the idea of making a token that represents a unique item. Oh yeah, you got a used USB stick. You can put that and put that as a unique item that's on the blockchain. So the non-fungible aspect just means that it's one and the other is not the same, right? Let's say you have a dog. Your dog is not the same as any other dog, right? Like, you know, you got Harry or Bob. Bob is not going to be the same or it's not going to be replaceable, right? That's the power of an NFT. So NFTs can represent something like art, like Leonardo da Vinci. He's going to create a new NFT if he's still alive. That is, of course. But that's the idea where you can create unique art pieces, unique game items, unique, pretty much everything can dream of. Like people are using NFTs to even represent, say, a certain contract, a certain insurance contract on WM, Nexus Mutual. That was kind of the thing back in like three months ago. So NFTs are just non-fungible. They're not, one and the other is not the same. They have unique properties. So that is very, very powerful. But obviously, this is totally obvious. It's a speculative mess right now. There's a lot of wash trading going on with NFTs. People are just like selling NFTs and then buying it themselves. It's almost like what happens in the traditional art world. Like if you actually look at how art pieces are like sold and how, how they engineer this, like engineer and add value into something. And it involves like bidding on your own art piece, right? This is like, this happens all the time. Everyone's in on it. And I think the same thing is happening in NFT. So yeah, that's the beauty of it. And the way it works, I'm just going to explain very quickly, right? So with real life art, what happens is that these rich people, they want to engineer a situation where they can donate art and it gets, becomes a tax deductible, right? That's kind of the power of art. Apparently, apparently that's a true story of art. This, this got me so depressed when I've learned about it. But you know, all these rich people, they have huge collections of art and you can definitely see that a lot of museums, they have, oh, we have a donation, blah, blah, blah, from X, Y, and Z. And, you know, why is that? It's because when these rich people, they donate that art, it gets deducted from their taxes, right? And something that I realized what they do is they kind of engineer value into the art. So say, for example, they purchase a collection of 12 pieces of art, limited edition from an artist, artist, and then they'll, they'll initially put it up for auction and they'll buy something, they'll pay someone to bid it for them. So they'll kind of hype up the price, right? It's kind of like all engineering. So you kind of like, you put these arts, like you probably, you buy 12, you put three up to off for auction over 10 years and you kind of give this idea that the price is increasing, right? Even though you're bidding on it yourself, you kind of proxy that you pay someone to help you bid for it. And then once it's proven it's got value, then what you do is you donate the remaining pieces of art to a museum. And because the track record for that art is going up, the value, right, the estimated value of the art is going to be skyrocketing too, in which case they can deduct it off taxes. And yeah, that's kind of how it works. It's kind of crazy. But yeah, just read about this art stuff. It's kind of insane. And everyone's in on it, right? Like the auction houses, they know what's going on. They're fine with it. You know what? You pay the auction fees, that's fine. That's okay. The museums, they're into it too because they get a free piece of art. They get to host a party. The biggest loser is the taxpayer, right? The taxpayer now has, so you get less tax collected off this rich person, right? So it's like everyone that's along the chain, like the artist wins, the auction house wins, the museum wins, the person obviously, the rich person wins. Everyone's a winner, but like the government, right? Like big brain schemes, man. Those are, those are like, those are apparently the biggest, big, big, big, big, big, big brain schemes in the rich people world. Yeah, it's kind of, it's kind of depressing when I first read about it, but you know, I'm sure it happens. I'm sure, absolutely sure it happens. All right, going on there, we got Bitcoin subreddit hits 2 million subscribers. That's pretty cool. That's pretty darn cool, right? Like lots of activity on Bitcoin. Like this is like, you know, this weekend people, there was a famous quote that someone said, I'm not sure who it was, but they were like, this is either the top because everyone's foaming into Bitcoin or this is just the beginning, right? We really have to see how it plays out because it could play out in a sense that, oh, you know, people learn about this and then just goes like, hey, why, right? Because there's so much here. It's just a matter of understanding. Can people manage to understand the value of blockchain? And I think there's, it takes a while. It takes a while. Even for me, I was like, oh, digital gold. What the hell? These guys, what are they dreaming? What are they smoking? Right? But once you really take some time to think about it, to process it, that's when it'll hit you. That's when it will hit you. Also, we have some updates that were happening right now. We've got TrustSwap. They're doing smart launch. I think this is something that's very powerful. So TrustSwap, you guys know I'm an advisor for that project. It's something that they're trying to build is they're trying to build safety in the alt currency space, right? So something that's happening a lot in the alt currency space is that people are creating tokens. They say, oh, this is the biggest thing in the world. They get people excited. It's trades. And then all of a sudden what happens is that people just dump it on people, right? They create millions of tokens out of nowhere and just dump it on market. And that's a rug pull. That happens a lot in crypto. If you guys, yeah, it's a big, big problem, especially back. That's kind of almost what killed the DeFi trend. But anyway, so TrustSwap is actually creating a platform. They're creating it with Mint. And what they do is you can create the token. You get the smart Mint going. And then you can also, of course, lock that up and ensure that this token is safe. That's kind of the key thing, right? You can ensure liquidity locks. You can ensure X, Y, and Z. Obviously, there's parameters to configure for each different project. But what that project can do is they can basically tell the community, look, we say this, but it's also now it's published on the blockchain. Also, you can see all these parameters being configured. Like there's liquidity locks, there's founders locks. Like all these things can be ensured on the blockchain that this will not happen. And that's kind of a safety guarantee. And obviously, it benefits both TrustSwap holders and token holders and it benefits the project as well. So I feel like that's super strong coming in. And that's the project, right? I feel like a lot of people when they first saw TrustSwap, they're like, oh, it's just for transfers. No, it's not. There's so many things. There's Launchpad going on. And of course, there's new platform going on. Super much going on and building on TrustSwap. Okay. Next up, we got DuckDal. DuckDal has a partnership with Stakenet. Yet again, it's a big community. I'm also very, very much involved in. Big things going on. I feel like this is like establishing a lot of community growth and Stakenet, what they're doing is they're doing layer two solutions. If you guys don't know what layer two solutions are, take a look at Ethereum fees right now. It's very expensive to send a transaction. Layer two allows people to send at much faster speed and they're building a decentralized exchange on top of that too. And this is where the next battlefield is. We know already that people like to trade, right? We know that it's given in crypto. We also know that right now to trade on Uniswap is roughly around $15 US for a certain trade to go through just in just pure transaction fees alone. So layer two is coming, is solving a lot of the issues. And this is a bigger, major battlefield coming soon because we saw, we already explored ZKSwap. That went up through the roof, right? That was a layer two scaling solution that's doing an automated market making platform. That's great. That's already like, it was like 4X since I talked about it, right? And this battlefield is going to be huge because people want free trades, right? So Uniswap is coming. Stakenet is really strong in this field as well. This is going to be where kind of mass market can actually use crypto. This is what's exciting about it because previously, everyone was complaining, oh yeah, it's $15 for a transaction. No one's going to be able to afford that, right? But now with this coming in, that's, that's, this is a time to actually pay attention to layer two scaling. And already there's a partnership between DuckDow and Stakenet on this to build their community. All right, lastly, we'll look at the darker side of everything that's going on. This is where it kind of gets very interesting, right? So there was a few warnings. Okay, so I just want to read this out. Warning, pump and dump scams going around. Read this, especially if you're a newbie and help spread this, the information. I post this in the daily chat, thought it deserves to be a separate post for more exposure. Please, if someone can do a better wording, create posts with clear direction, let's try to improve and have it sticky. There is a vulnerable newbie who's trying to join the crypto space with recent events and they must hear this. There's a trend of orchestrated pumping and dumping events, mostly around Discord channels. These are designed to have the lead organizers first making the followers part of the pump after they organize as a bot. a good amount in advance and then with their network effect in Twitter, they try to capture newbies and immediately dump on them and most of the followers that cause a spike too. Sometimes it takes seconds after the start of the pump with the organizers not waiting for others to join. Probably depending on the price it's dropping at some point and just to drop it on just the followers that spiked it 10 seconds ago is a huge scam, huge trend. So what happens? What's happening here? I feel like a lot of people they recognize the power of the pump, right? That's what's happening right now. Everyone wants to join this pump, right? There's so much activity, so many people talking about these pumps. I mean, we've joked about it in the past. Obviously, because of supply and demand, when one person heavily promotes a coin, obviously, and everyone piles on and buys it, the masses start to buy it, the price goes up, right? But the problem here is that if the person that's kind of really pushing it or shilling it, if they are the ones that have a huge amount, there's a huge kind of motivation for them to cause a spike and then just dump it on people, right? This is the problem with trading as well. A lot of people think that trading is a very fair game. It's not, right? It's very, very rigged in the favor of people who understand what they are doing and what to avoid. Like, that's just something that I've always been very careful about in crypto. Like, if I never joined something just for the pump, it doesn't make sense and this is the number one way to make money, right? I feel like a lot of people, they feel like it's a fair competition. It's like a PVP, right? Player versus player environment, right? Like, one man's loss is someone else's game, but there's always going to be a sucker dumber than me. That's a lot. That's what people are thinking, right? There's always going to be a one sucker down the line, you know, that will buy this. This almost rarely, rarely happens, right? The issue here with crypto and with trading is that the people who have a lot of money, they represent the majority share of what's going on. That's just unfortunate, but it's just a fact, right? It's not, this is not Robin Hood right here, right? We're not going to rob money from the richest. Riches can't move markets. So every time I trade, I almost always have a picture of Sam Bankman-Fried just saying, look, this is the guy I'm facing, right? If you guys don't know, it's this guy, Sam Bankman-Fried is the, he's the creator of FTX Exchange, right? He's this guy, right? This guy. He's super smart. If you ever talk to him, you ever see him in his interviews, he's super smart. He makes these super high calculated, you know, these 2000 IQ plays in the space and he will absolutely punish anyone who is stupid enough to just trade dumbly, right? Like that's his whole business model, right? Not to say like that he's an evil person, but that's the way these funds work, right? Alameda Research, they hold like $100 million and their whole point is to make money off the market, to make money off inefficiencies in the market, right? So yeah, that's kind of what I say. Every time I'm trading, I'm saying like, can I beat this guy today? You know, if I can, sure, I'll make that play. If I can't, I'm going to back off. And that's kind of the mentality that let me survive in 2017, 2018, when that, actually 2018, 2019, when the whole crypto market was falling and everyone was giving up and everyone was like freaking out, crypto's dead, Bitcoin's dead, hype's over, pack your bags, go home. That was what led me to really say, look, you know, I have like, I understand what's going on. I understand the tech and that was what pushed me to buy when everyone was selling and that was great. That worked out amazing for me. So yeah, not financial wise, but for me, like I always try to make higher IQ plays. At least think about what's happening. So yeah, so yeah, look at that hair. Look at that hair. But yeah, that's your objective. You know, you don't have kids, you don't have pictures of your kids on your table. Replace those. Change them with Sam Bankman Fried and just look at that smiley face every day and see, can I beat him today? Yes or no? And that's the way to do it. That's the big red brain way to do things for Sam. All right. Yeah, that's pretty much it for the news. I think there's a lot of warnings. If you guys want to know what pumps and dumps are, comment down below. I'll try to explain what happens. But typically speaking, it's always a nefarious group of people that buy a huge amount of a coin, maybe even like 70% of the supply, right? 70, 80%. The more of the supply of that coin they can buy, the better. Typically speaking, they'll buy a huge amount and then they say it's the best thing in the world, right? It's the best thing in the world. The price rises, especially because they're holding a majority of that coin. So the amount that's being pushed, the amount of supply that's available is tiny. So the price obviously goes up. And then once it goes up to enough, it just dumps and plummets down. A big example of this, I would say, is Tuiba. That was a giant Tuiba. Oh, wow. It's got delisted from CoinGecko. Huh. Huh. There was a graph for that. Anyways, I'll have to show you guys later, but it's apparently delisted from, it got delisted. But anyways, look what my previous video was talking about. It just went up like this straight, nonstop for pretty much like three months. And so it went up from like, I think it was like five, 50 cents went up to around $80. And then one day just plummeted down to like $1. It just like, it went from 80 to $1 in a day. You'll get absolutely obliterated. It's crazy. But yeah, just watch out for pump and thumbs, guys. It's unpleasant. It's unpleasant. Think about it this way, right? It's very easy to 10x in crypto, but it's also very easy to 0.1x in crypto, right? And when you 0.1x, you actually pretty much lose all your money. So this is why kind of like planning out your strategy makes sense. For me, like I absolutely buy alt currencies. This is something that like I have a spread portfolio. I have like, like I said this before, I have around 70 alt coins and it's absolutely true. Like it's a hefty sum of alt coins. Like I have them. I also have a lot in Bitcoin and Ethereum. That's my majority bag. That's my majority holding. So roughly right now at this point, around 60% in Bitcoin, Ethereum and VeChain. So only the top three coins and then the rest 30% I play around with, right? That's kind of the strategy it went. Alt coins obviously went well and this is why the alt coin portfolio is blowing up and eating up a lot. But I feel like a lot of people, they don't understand the amount of risk here. I feel like, you know, hearing the conversations on Clubhouse, I was like, I heard people, you know, they bought Ripple at the peak and Ripple at the peak is just devastating, right? If you bought Ripple at the peak, you'll be, you'll be a little bit struggling today, right? Let's look at it. So Bitcoin, Bitcoin down, let's, what? Okay. All right. All right. All right. It doesn't make sense. All right. All right. So Ripple, Bitcoin and Ethereum, they both had their all-time highs this month, right? So that makes sense, right? So they're down 10% and Bitcoin is down 20% from the all-time highs in January, right? That was when the whole fever was going on. But Ripple is down 84% from January 2018. So it never really fully recovered from the peak of 2018. So that's kind of the danger here with a lot of the altcoins where it might not come back. It might not come back. And even Litecoin, you know, it's still, it's still trying to, you know, push up to those $300 highs of 2017. So we're still not there yet. A lot of the majors are back. So Bitcoin, Ethereum, that's back. But in terms of the other coins, not so much, not so much. And that's something that people have to remember, right? Like if you're a big Ripple holder, you know, unfortunately, you're still kind of like down 84% from 2017. So this is real, guys. This is real. So, you know, obviously the market will move a lot. I'm not going to hate on any coin this year. I feel like something I learned this year is also the market can stay irrational for longer than people can stay liquid. That's absolutely true. Like if you look at the attempts that bring down Chainlink, that was kind of funny. But anyways, I feel like I've learned a lot this year. I learned a lot how to manage my portfolio, how to manage my risk. And I feel like that's something that I should have learned like way earlier. Like, yeah, absolutely. They should like, they should be teaching kids this like early on. Like how, how risk works, how probability works and all that stuff. But yeah, people don't do that. It's like, it's broken. Anyways, guys, that's pretty much it for today's episode. I hope you guys have a good time. Yeah, let's, I'm going to read, let's do five minutes of questions and answers and then we'll figure out what to do the rest of this week. So, in terms of long-term strategy as well, so right now, I'm actually very, I'm very closely what's happening on Bitcoin and Ethereum. So, it's roughly around a week and a half before Chinese New Year. So, I was saying that Chinese New Year could be a big selling point, right? This has been traditionally the strongest like sell signal in crypto. So, I'm eyeing the market very closely the weeks approaching Chinese New Year right now to see what's happening. I think in many aspects that fear that Chinese New Year will cause a dump was the one that limited the growth of Bitcoin this weekend. I definitely feel like that's, that because Chinese New Year is looming there, you know, like I said, the reason for that is because the Chinese, they're off for two weeks and also they need to cash out beforehand, right? A lot of people, they basically extend their holidays and then they build up this giant holiday to go back home to just chillax, do nothing. And right before that, they cash out a little bit because they need to hand out red envelopes, hand out money during Chinese New Year. That's Chinese tradition for you. Also, on top of that, U.S. tax season is coming at the end of February and a lot of people will probably be realizing that they have to actually pay the government something. Very unfortunate for people who have capital gains tax. We don't have that in Hong Kong, so luckily for me, I don't have to deal with that. But I know that this is something that's pretty strong in North America at this current point. So just, so that was kind of the two events that caused February to usually be a bad month. But that being said, of course, if the markets don't turn down, like if they don't go down during February, then, oh my God, once that looming cloud's over, it's going to be like, that's going to be the explosion I'm looking for, right? That's going to be explosion. So that's kind of like the situation I'm in now. I end up markets very, very closely to see how much, if it moves down, how much it moves down. If it doesn't dive down, holy crap, we're going to be in for an amazing year. That's what I'm preparing for. So anyways, guys, that's pretty much what's happening. What's happening? Also, there's a bunch of little, I think Soldier Boy is making a coin. I know, I saw that, I saw that on the news. I was like, oh my God, another, another one of those. Akon, Akon's making a coin. Soldier Boy's making his own coin. Everyone's making their own coin. It's kind of fun and weird at the same time. Oh, we got Labs. Labs is partnering with, Engine's partnering up with, with Labs as well. So, a lot of people are asking me about Labs. So this is a project that I'm helping advise in Hong Kong. And it's a lot to do with securities trading, right? So, property and securities. And this has been such a big thing in 2017. A lot of people, you know, when they ask me about this project, they're like, oh, it sounds like a 2017 pitch. But it's actually not. So, what's the opportunity here? Opportunity to be able to trade a security right now is just huge, right? Especially what we saw with GameStop. We can see that the crypto markets are way more efficient and way more transparent and less prone to manipulation than the traditional security space. But how do you bridge those? So, Labs, they're building something that's, A, like, obviously, like, looking to get regulatory approval, but also, they're trying to put property on the blockchain, which is, like, super powerful. Can you get exposure to property or whatnot? But anyways, I'm going to do some more conversations about that in the future, and guys, stay tuned for that. But yeah, Engine just partnered with Labs, recently. So, anyways, if you guys want to see that announcement, that was there. Anyways, yes, that's pretty much it for today's episode. DynamicAds says, player, what are your thoughts on player? So, players had a pretty rough year last year, so I need to catch up on what they are doing as well, but yeah, we'll have to do fingers crossed. It was pretty rough last year. Anyways, with that, guys, thank you guys so much for watching. Norman Prima Saga says, at least Akon's coin is more legit with a good story to a soldier boy. It's kind of funny, right? Last bit of rant before I go, right? Like, all these celebrities and stuff, you know, a lot of people look at these celebrities and they feel like they have a lot of money, right? I'm actually quite surprised because a lot of celebrities, if you actually look down to it, though, the rate at which they expend money is very similar to how much they earn. So that kind of works out to be the case where a lot of times they're actually, they don't have a lot of liquid. They don't have a lot of liquid capital. They're not very rich. That's kind of the scary part, right? So you kind of see like the fake Instagrams where like, you know, you get some like celebrity, they're like, oh, I'm taking a private jet and then they get busted like an hour later when their followers found them on first class, right? Oh, you know, you're flying to LA on a private jet, but why are you right in front of me in my seat, right? So a lot of them, they're trying to portray a lifestyle and I feel like it is the case that we're going to see a lot of people jumping into crypto just for the money, right? Because it's so easy to raise money in crypto. I'm not going to, I'm going to say that. It is absolutely easy to raise money in crypto that we're going to see a lot of this insanity, this craze. So yeah, we'll see how it goes. Celebrity coins always have issues, right? So just be very, very careful about that. I still remember Floyd Mayweather trying to make a, or back a coin at the very least and then there was like, yeah, there was quite a few that kind of like flopped. So yeah, just be careful guys. You know, people always want money. They want your money. So, yeah, Ty Webb says, Michael dropping truth bombs. Man, it's kind of crazy. Like crypto taught me a lot about this world. Absolutely. Like a lot about how, you know, it taught me a lot because I started reading between the lines, right? That's the power of crypto, right? Crypto, if you just take everything for face value and believe what people say and take that as a truth, you're not going to get very far. But how you get far is you get, you read between the lines and also you, you throw some questions that you can kind of like, you kind of gauge where they are. It's like playing, it's like playing among us, right? Every, like treat everyone like an imposter. Treat everyone like an imposter. You got to quiz them hard and you got to read between the lines and read those micro expressions and that's kind of very powerful. But anyways, that's pretty much it. We got Michael. Look at XRP right now. Holy crap. See, let's see if there's anything cool happening on XRP's chart. XRP. XRP. It's going up a bit. It's up 56 cents. Congrats if you're on there. Anyways, that's pretty cool. Congrats to XRP holders. Congrats, congrats, congrats. Anyways, guys, thank you guys so much for watching. Stay tuned for the rest of the streams this week. It's going to be a lot of good streams coming up and a lot of good interviews as well. So make sure you guys are caught up to date. I think recently I released two really good interviews. One from eMoney, one from Pools. eMoney is doing some really amazing stuff with stable coins. We really need this coming into the space and they're doing regulatory. They're working the regulation in Europe and that's actually really powerful. We also have Pools. They're recently having a huge launch platform and they're doing super well. Pools is just exploding very well. So these two interviews, super good to find out what's going on and then we have the live streams as well and we're going to do a lot more about general new content stuff. Anyways, guys, thank you guys so much for watching today. Make sure you're subscribed and I'm going to put the next live stream up for Friday but we'll hopefully have another one before that. Let me see. Create a live stream. Go live. Let me create one for Friday so you guys can keep up to date. No dollar sign bow talk. Oh my god. I think bow is doing super well. I'm super happy. I have actually farmed bow since like the very early stages. So I think it was Adam Cochran that kind of talked about bow for me. I didn't buy any bow. I have not bought a single bow. I farmed all of it. So yeah, got some free coin. No objections. Like these things like for these things like for any of these projects that are new as long as I know that I can farm it small I'll farm it rather than buy it. That's the key. Also pancake. If you guys are into it holy crap pancake and the farming thing is coming back, right? Pancake all the way up to two dollars right now. Like I still remember entering this at 45 cents and just farming it. So farming and BSC is really it's really really taking off yet again. So I think it's a cycle, right? You get the cycle happening and the cycle coming back again. It's insane. It's absolutely insane. It's just a matter. Yeah, it's you know it makes a lot of sense though with let me just wait wait till I'm distracted here. Just wait let me just get a little bit distracted and trying to get my stream up. But yeah just if you want shout outs to farming holy shit and Wing Wing's working out very well for me. I'm like consistently in there. Swissborg I'm farming that like crazy. so I kind of split my capital up like I have a farming capital and I split that up to like say some in Wing's some in Pancake's some in Swissborg. I have another one that my friend is running that they do aggressive farming around the place. Yeah it's been doing super super well. Like cryptocurrency update. Alright the next stream is up so I just created that as well so make sure you guys are subscribed to the next one. Imagine the shorts on XRP like shorting on XRP is going to be like not financial advice but I don't think shorting anything crypto right now is smart. Like that's like that's not the smartest thing in the world. So anyways that's the live stream for next week so make sure you guys click that I'll put that down in the comment section down below so you guys can subscribe to the next stream to keep up and let's answer more questions and if you have more questions I'll try to answer them next week as well and yeah yeah that's pretty much it. There's like a whole lot of stuff going on I saw I see people asking about like Reef on Doge and Player on XRP there is a huge amount of stuff going on I think it's a case where I want to cover everything but I cannot cover everything right now. If you do one I think there are a few ways right one is Telegram I'll try to reopen that up so you guys can get something there is a Discord channel down below for discussion groups and we also have Clubhouse I'm going to try to figure out how to start a Clubhouse room so we can all just like chat and stuff but yeah there's way too much going on at this current point and I want to cover everything but I just have to apologize and say I cannot so apologies if I cannot cover everything but do leave me suggestions I want to see what the top requests are and I'll at least try to cover those and that's kind of my take on everything so anyways guys thank you guys so much for staying in smash up those likes down there let's get this channel party started anyways guys I'm pretty pumped for what happens after Chinese New Year so anyways let's get those parties started smash up those likes let's grow together and yeah we'll get rich hopefully fingers crossed anyways get rich or die trying that was the name of a channel and I think that pretty much represents us in crypto but of course guys stay safe stay smart see you 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 first and foremost if you guys like listening to all that's happening in crypto on the go then I would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have long interview segments very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole idea of it is to bridge that gap between knowledge privileged institutional investors and the rest of us here in this space now with the podcast it's on everything so it's on apple podcast it's on google podcast it's on spotify just search anywhere bitcoin out of the box so just add that onto a playlist and let's 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 the 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 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 bye bye Thank you.