(Friday) Crypto Year of the BULL. Bitcoin to massive rally?
Description
Latest Bitcoin, Ethereum and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and techn...
Latest Bitcoin, Ethereum and Cryptocurrency news and trends. We take a look at the key events affecting the blockchain sector and review market movements. Combining both fundamental analysis and technical analysis to give you full coverage of the trading space. Find out the latest developments in DeFi and yield farming. 04:30 Introduction 08:58 Market update: Bitcoin ($BTC) approaching new all-time high $48k 11:56 Ethereum ($ETH)moving up $1.8k 14:49 Altcoins Pumping: Enjin ($ENJ), Vechain ($VET) 16:56 Yearn Finance ($YFI): DeFi Blue chip 21:26 PancakeSwap ($CAKE) 21:53 Binance Smart Chain (BSC) Ecosystem ($BNB) 23:55 Ethereum: Should you still hold $ETH bag? 26:05 News update: Dollar weakness meets alt season: Is Bitcoin price about to hit $50K? 27:00 News update: Twitter CFO says social media giant is considering whether to add bitcoin to its balance sheet 28:34 News update: America's oldest bank, BNY Mellon, will custody Bitcoin 29:45 News update: Mastercard says it will support 'select cryptocurrencies directly on our network' this year 30:12 News update: Amazon to Launch Cryptocurrency Payments Product in Emerging Countries 33:16 DuckDao $DUCK Token 34:03 Altcoins: High risk, High reward 35:57 News update: Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO says 36:21 Utrust ($UTK) 37:46 Pro tips on how to withdraw cryptocurrency 39:12 OIN Finance ($OIN) partner with Terra Virtua 39:40 Vechain ($VET), SwissBorg ($CHSB), Enjin ($ENJ) 40:10 Good and bad things about Cryptocurrency 52:03 Linear ($LINA) 55:01 ZKSwap ($ZKS) 56:18 What are the downside of Coinbase? 59:30 Closing & Happy NIU Year of the OX https://podcasts.apple.com/podcast/boxcast/id1490037766?l=en Spotify: https://open.spotify.com/show/5iHcN9jfQwpKTbT37tS0zQ ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 📖 Tutorials and insights: https://boxmining.com/ Recommendation List: https://www.cryptoatlas.io/Boxmining 🌼Buy & Sell Bitcoin: https://join.swissborg.com/r/michaeOQZM 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining clips: https://www.youtube.com/channel/UCjFy3VBgOZanySOLhQu6GaQ Boxmining News Website: https://www.boxmining.com/ Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Twitter: https://twitter.com/boxmining Discord: https://discord.gg/cWBNjxYz Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
AI Analysis
This year marks the "Year of the Bull" for crypto, defying traditional Chinese New Year dips and instead seeing significant market surges for Bitcoin and altcoins. The excitement stems from growing institutional and corporate interest, strong DeFi innovation, and a noticeable surge in Asian market bullishness, setting the stage for a potentially prosperous year in the crypto space.
Here's a breakdown of the key topics and insights:
* Chinese New Year & Market Trends: Contrary to typical fears of a "Chinese New Year dump" due to people liquidating crypto for holiday expenses, the market actually saw two major pushes upward. This year is the "Year of the Ox" or "Bull," which is seen as a positive omen for the crypto market. The lack of a dump and subsequent surge is particularly exciting because Chinese people often discuss crypto with family during the holidays, potentially bringing more uninitiated individuals into the space. The Chinese government even acknowledged Bitcoin and Ethereum as top-performing assets on national TV last year, driving interest. This "Asia bull factor" is expected to be very significant, especially with China's digital currency (DCEP) launching this year, inspired by Bitcoin and Ethereum.
* Bitcoin's Strong Performance: Bitcoin is aggressively approaching a new all-time high of $48,000, with a support level established at $42,000. The next major targets are $48,000 and breaking through $50,000. Many uninitiated people are still unaware of Bitcoin's current price, often thinking it's much lower, highlighting the market's rapid growth. The presenter, who strategically de-risked before Chinese New Year, quickly closed out short positions after seeing the market's upward momentum, advising against shorting in the current environment.
* Ethereum's Rising Importance: Ethereum is also moving strongly, reaching around $1,800. It has a solid backbone due to significant activity in DeFi, non-fungible tokens (NFTs), and decentralized insurance. The core idea is that Ethereum allows for a programmable money ecosystem that mimics and potentially surpasses traditional finance by being decentralized and permissionless, offering a level playing field for all participants, unlike centralized entities like Robinhood that can halt trading.
* Altcoin Momentum: Many altcoins are pumping, including:
* Enjin ($ENJ): Saw a surge after announcing further integration with Microsoft Azure for their space game, using non-fungible tradable tokens for game items, a huge and exciting field.
* VeChain ($VET): An enterprise adoption focus for anti-counterfeiting, it's a long-term hold that is now gaining traction as the market picks up.
* Yearn Finance ($YFI): Considered one of the first DeFi "blue chips," it recovered strongly to $46,000 after a $1 million hack. This demonstrates the resilience and corrective nature of the DeFi space, where failures lead to improvements. DeFi is viewed as a high-innovation, high-risk playground, offering significant opportunities for those who understand it while many still don't.
* PancakeSwap ($CAKE) and Binance Smart Chain (BSC) Ecosystem ($BNB): PancakeSwap has seen phenomenal growth, riding the wave of the Binance Smart Chain ecosystem. BSC is highlighted as a great starting point for new crypto users interested in DeFi or farming because transaction fees are significantly cheaper (around 2 cents) and faster than Ethereum's current high fees (around $24 for a medium contract). It serves as a good "practice ground" before navigating the more expensive Ethereum network.
* Major Corporate & Institutional Adoption:
* Twitter CFO: Confirmed the social media giant is considering adding Bitcoin to its balance sheet and exploring paying employees and vendors in Bitcoin, a direct response to Tesla's recent move and a sign of increasing corporate interest.
* BNY Mellon: America's oldest bank will custody Bitcoin, a crucial development for institutional investors who cannot self-custody funds due to security and theft concerns. This paves the way for greater institutional adoption.
* Mastercard: Announced it will support select cryptocurrencies directly on its network this year, following Visa's lead, solidifying crypto's place in mainstream payment networks.
* Amazon: Plans to launch a cryptocurrency payments product in emerging countries. This is especially significant given the high interest in Bitcoin in developing nations like Nigeria, which is currently the top search interest for crypto globally. This could help Amazon save on currency transaction fees.
* Uber: While not planning to buy Bitcoin with its cash reserves, it is considering accepting it as payment, another indicator of mainstream companies exploring crypto integration.
* Altcoins: High Risk, High Reward:
* DuckDao ($DUCK & $DUCKDIME): The ecosystem's tokens are performing well despite initial worries when prices dropped. They are considered high-risk, high-reward "innovation zone" assets.
* Utrust ($UTK): Recently added to Coinbase custody, Utrust enables direct crypto payments on websites, addressing a major pain point in the crypto space. The presenter actively uses crypto payment options to support their adoption.
* Linear Finance ($LINA) & DODO: Mentioned as projects the presenter holds, emphasizing holding (diamond hands) through market fluctuations.
* General Altcoin Strategy: The presenter holds around 40 altcoins and notes that their altcoin portfolio has significantly outperformed Bitcoin and Ethereum, growing in ratio. They advise against going "all in" on new projects, suggesting allocating small amounts of capital and conducting thorough research. They use a "tier" system to evaluate project founders (e.g., "god tier" like Sam Bankman-Fried, "tier one" for strong understanding of community and finance, "tier two" for those with specific strengths but not broad understanding) to guide investment decisions.
* Psychological Impact of Crypto Volatility: The extreme fluctuations in crypto market value can be emotionally challenging. Daily portfolio swings mean one can gain or lose an entire year's salary in a few days. The presenter emphasizes the importance of psychological strength and self-awareness to avoid making emotional, impulsive decisions, especially when feeling euphoric. It's crucial for new entrants to understand this emotional toll.
* Managing Risk and Gambling: The crypto market, especially altcoins, can feel like gambling due to rapid price movements and occasional "rug pulls" (developers abandoning a project and taking all funds). However, the distinction for legitimate projects lies in their "value creation" and "novelty," building something new and meaningful in the space. It's vital to research projects thoroughly and allocate capital cautiously, especially for new, unproven ventures.
* Crypto Withdrawal Pro-Tip: To avoid high Ethereum transaction fees when withdrawing crypto, use FTX exchange as a "big wallet" because it offers free withdrawals for many assets like USDC.
* Layer 2 Scaling Solutions for Ethereum: Ethereum is working on two main scaling solutions to combat high transaction fees: Ethereum 2.0 (a "mega highway" to relieve congestion) and Layer 2 solutions (like "flying cars" for mega-cheap, instant transactions). Examples include ZKSwap, which offers Uniswap functionality on Layer 2. While still in testing phases, these solutions will significantly improve Ethereum's usability by providing instant and nearly free transactions.
* Downsides of Coinbase: While stable and highly regulated, Coinbase reports all transactions to tax agencies like the IRS, making tax reporting complex for users in jurisdictions with capital gains tax. For example, in Hong Kong, where there's no capital gains tax, this isn't an issue.
* Information Gathering: Clubhouse is highly recommended as a primary source for real-time crypto discussions and discovering new projects, offering a "big conference" experience where people, including project creators, share insights. It's essential to keep ears close to the ground for early information.
* Mindset & Tribalism: It's important to avoid tribalism in tech or crypto (e.g., Android vs. Apple, PS5 vs. Xbox). Staying open-minded and willing to explore all options leads to better understanding and opportunities. Similarly, be cautious when people excessively push a project, as this can be a sign of a pump-and-dump scheme.
Transcript
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I'm sorry. I'm sorry. I can't hear you hear me now but it'll be terrible in terms of sound quality. I mean it should be working. I just don't know why it's not going up. Ouch. Um, okay. Okay. All right. So testing the sound here, I should say it should be up, but I have no idea why it's not going up. Good job, Windows. All right, can't hear. So it should be, I'm ju...
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I'm sorry. I'm sorry. I can't hear you hear me now but it'll be terrible in terms of sound quality. I mean it should be working. I just don't know why it's not going up. Ouch. Um, okay. Okay. All right. So testing the sound here, I should say it should be up, but I have no idea why it's not going up. Good job, Windows. All right, can't hear. So it should be, I'm just trying to make sure that my audio is good, but I think we will not have good audio today for some reason. All right, I hope you guys can hear me fine, whatever. Apparently this mic is not working. So luckily I have a backup, which is great, but the backup kind of should not probably have really terrible quality. But anyways, cool. All right, we can hear you. It's okay. All right. Let's get back. All right. So we're going to do the stream. It's going to be, I'm going to be yelling into this microphone, but hopefully the audio quality is fine. It's fine. And yeah, let's get started. So welcome back to another episode of Box Mining. Today we are at Chinese New Year. So it's a very happy time for a lot of Chinese people. And also crypto markets are moving. So I'll tell you a little bit of the story narrative, but definitely I want to wish you guys a very, very happy Chinese New Year. It is the year of the ox or the bull. So this is the year of the bull stickers, red envelopes. So habitually speaking, now when we meet people, married people, especially, they have to give out these red envelopes packed with money, right? It's just such a Chinese thing, right? It's not really taboo to give money if it's in a red envelope. Uh-huh. So yeah, so you're supposed to give money to like everyone that like you even like security guards or employees or your coworkers or family, kids. Yeah. So this is the year of the bull. I got these Bitcoin ones, which are really cool. So I thought that's cool. So thank you GenesisBlock for these. I was also saying these are the random ones. These are some stuff that, you know, it's very Chinese culture, right? So this one is like, it just says, you know, be healthy. You know, it's like the stuff they want, right? So you stick these on walls, like you're wishing people, you know, this is like happy prosperity. You want to be very prosperous. This one, you want to have a healthy body. This one I like in particular because it wants you to be smart. This one literally says, don't be dumb. Well, kind of if you read between the lines, don't be dumb. This is why Chinese kids have so much pressure on them. How I grew up kind of. But anyways, yeah, this is a great time actually. So speaking of the entire narrative and everything that's going on, I think it's a very exciting time for the Chinese. And I'm looking forward to what happens after Chinese New Year, right? Because, okay, typically speaking, everyone was afraid of the Chinese New Year dump, right? Because Chinese, they need to take out money to give these red envelopes, these red packets. Also, it's a very long holiday for us. In China in particular, it's like four days off, plus people, plus the weekends, plus people take extra days around that. So typically speaking, like two to three weeks, you can kind of see people just taking time off, right? So when people take time off, they typically, you know, de-risk their investment positions, including Bitcoin. And typically speaking, there is a Chinese New Year dump. Well, this year that didn't happen, right? This year, this market, it's still going up like crazy. We just had two major big pushes yesterday and it looks phenomenal. And you know why in particular I'm very excited for what's happening up next? It's because after Chinese New Year, during this entire holiday, right? People, Chinese people, they go back home to talk to their families. The exact same thing happens during Christmas and during Thanksgiving in the Western world, right? But what happens is people go back, they talk about blockchain, they talk about cryptocurrencies. They even last year, Chinese government, even on national TV, acknowledged that Bitcoin and Ethereum were the best performing assets. And then people are trying to figure out how do they get onto this, right? Some people have to realize that cryptocurrencies is very, very global. So this Asian fever, I've been saying for the longest amount of time that Asia is starting to become very, very bullish right now. This is like this, this event is mainly based in China, Chinese, but others celebrate. They create it in different forms. So anyways, it is the, it's based on the lunar calendar. That's why it's a new year for us. It's a new year for planting, you know, planting seeds, you know, growing, wishing prosperity. But anyway, so that's why, that's why I'm super happy today. This is why this, this episode in particular is going to be a lot more relaxed. It is the first day of the new year, technically speaking. I'm in pretty much like new year mode. So I'm like, yeah, but, and that being said, of course, let's take a look at the cryptocurrency markets today. I've got some news to update for you guys. Let's have a chat and yeah, let's be prosperous this year. And I'll say joking. Okay. This is a lame joke. This is a lame joke. I'm telling everyone. Alright. So Chinese New Year, this year is the year of the bull, right? Or people are saying the year of the ox, but no, it's not the year of the ox. It's a year of the zero X. Alright, bad joke, bad joke. Okay. Terrible, terrible. Michael, you're lame. Alright guys, let's get started. Let's go. Alright, taking a look at the markets today. And by the way, guys, if you just came in, please, please smash up the like button. I think I screwed up the start of the screen because my audio was broken. Thanks to Windows Update. But anyway, smash up those likes. Let's get the party started. So yeah, we're back up guys. So Bitcoin, back up. We'll take a look at the majors. Majors Bitcoin up 6% in the last 24 hours yet again. So a lot of this, I feel like happens because people were initially fearing that Chinese New Year dump. So looking at where the supports and the resistance are, I'm going to move my bar up. I'm going to say the support, we've been starting to see it at $42,000. And we're approaching this new all time high yet again. So $48,000 for Bitcoin. And this is one of the situations where, you know, I talked to my friends about Bitcoin and they think Bitcoin is still like at 8K. You know, it's kind of funny. I'm like, ah, y'all, let's talk about Bitcoin. And people who are uninitiated, they think, oh yeah, Bitcoin, it's at 8K, right? $48K. You know, that's... Guys, guys, guys. It's going crazy. But think about this time. So after this fear of Chinese New Year is going to start starting to subside, today is Chinese New Year. And then people are starting to get back into work, etc. Obviously, it depends on different people. But right now in the crypto side of stuff, like at Genesis Block, I don't think people are taking a break. It's kind of interesting. Like the institutional level side of everything, I think everyone is going ape to the wall right now. But normal people, the normies out there, they're going back home. But very potentially going to be talking about crypto. I think this year that's going to be on the discussion block, especially if you guys are familiar with what's happening in Asia as well. The Asia bull factor could be very huge because they're talking about digital currencies this year. DCEP, Chinese national digital currency, that's released this year. And in many ways, because it's inspired by Bitcoin and Ethereum, they've been talking a lot on the news publicly about Bitcoin and Ethereum. So this is what I'm looking for. This is what I'm looking for in this breakout. Right. So we're nearing this level right now of $48,000. We're nearing that resistance. We see that we try to attempt to attack it on the 9th of February. We're trying to break through, break through $50,000, like break through $48,000 and then break through $50,000 and above. Right. So here at this current point, we're trying that again. And today I'm very, very bullish. Year of the bull. You got to be bullish. Right. So this is where we're kind of approaching right now. So in many ways, yes, for sure. I'm not, you know, like I said last week, I was strategically de-risking right before Chinese New Year. And then after I saw that the markets were not moving down, I pretty much closed out any short positions I have. I don't think that's a wise decision to have shorts right now. And then that's my personal, of course, my personal strategy, not financial advice. But that was kind of my take on everything. Now on Ethereum front, we pretty much have a very similar story. So big Ethereum also moving up, you know, the year of the zero X. So we're moving up to around $1,800. Yet again, I feel like this year Ethereum has a lot to show for how it's been moving. Right. If you actually look at it, Ethereum has so much going on in the DeFi space and development space. And not just DeFi, right? If you go on Clubhouse especially, you'll see what the discussions are these days. There's non-fungible tokens being created on Ethereum. There's also insurance. Insurance is a huge, huge functionality. In terms of decentralized finance, while the kind of initial side is like borrowing and lending platforms, which kind of functions like a bank technically, now there's a lot more leverage coming into play. So this is yet again, taking a play from what's happening in traditional markets and taking that into crypto markets. So it becomes the capital efficiency becomes a lot more efficient. And you see the level of discussion as well. There's different discussion groups, but some discussion groups are very, very high top tier. They're figuring out how to maximize the use of capital that is flowing around in crypto. And why is this important? It's because this gives a solid backbone for Ethereum. Right. Ethereum before when it started, you know, people don't understand it. Oh, programmable money. Who the hell cares? Right. Like, I don't I'm used to dumb money. You know, that's what this is kind of like the same thing my mom used to say when she was holding her Motorola phone. That's like, I'm used to a dumb phone. Why would I use a smartphone? Why would I ever need something smart? Right. Same thing with Ethereum. Ethereum. A lot of people are like, oh, yeah, Bitcoin is fine. But why would I need smart? Why would I need smart version of Bitcoin? Right. Well, smart contracts. Why? It's not a binding contract. It's not legal contract. It doesn't make sense. Right. But people are starting to realize now you can start developing this whole entire ecosystem on Ethereum that really mimics the functionality of traditional finance. And why it's a lot more powerful than traditional finance is because there's no centralized governing figure. A lot of people are realizing now, especially after the whole Robin Hood thing. Right. You know, centralized entities, they can suspend people from trading. They can cut out accounts. They can have regulations that only favor the big investors. Right. Right. This is something that doesn't happen on Ethereum. Ethereum is a level playing field for every single party member involved. And this is why in many cases, you know, like I look at this banking infrastructure right now, especially in Hong Kong, 20 percent of our GDP is on finance. Right. That's could be migrated to blockchain. You know, that's a trillion dollar industry. Right. So anyways, it's a very, very big difference in numbers. And this is why I feel like Ethereum has that potential role right now. But obviously other blockchains also have it. Let's take a look at what's happening on the overall market. We've got XRP still moving over the last 24 hours. Let me just actually rank this actually. So let's see. 24 hours. Why is it not functioning? Huh. This is interesting. Huh. Oh, this is another mode. Let me just refresh this for a second. Let me see. All right. There we go. That's the behavior I'm used to. So we've got nano moving, got the graph moving. We've got engine moving as well. Engine just announced. Let me just quickly see why was engine. You know, engine's one of the coins I'm holding, of course. And they recently they're adding Microsoft Azure. So Azure was launching entities before that with engine. So yet again, it's Microsoft. Right. So everyone's like freaking out about it. They were doing this before. But yet again, they're doing this for the space Azure game. So they're actually adding a new game. So that's the new news here is that they're adding more. So Microsoft basically said initially. Yeah, I kind of like this crypto idea. You know, let's let's create that for the Azure platform where they were doing like the computer. They were doing like the community rewards. Now they're adding it to their space game as well. Yet again, this experimentation of using non fungible tradable tokens to represent game items. This is such a big, big field right now. If you actually did again, the discussion on this like the NFT space is amazing. It's crazy. All right. So in that sense. Right. So engine moved up today. We got basic attention token Phantom. VeChain is also showing some love. You know, guys, I've been back holding VeChain for a long, long time. They're doing enterprise adoption. And yet again, it's a situation where it is much easier to achieve than, you know, global adoption of currency. Right. That's a low hanging fruit to get industry to adopt this, especially if you want to do anti counterfeit, putting these assets on the blockchain. It makes a lot of sense, but it still takes time to adopt the crypto trading space moves a lot faster than the industry adoption space. Right. Which is why we see like this is why back holding. It's hard. Right. Like, you know, back holding through the tough and the wild. But yet again, this market is moving. We've got your finance also a forty six thousand dollars. Holy crap. You're in this movie after, you know how after the DeFi scare. This is when, yet again, people were scared because you're involved or hack for a million dollars. Like, okay, you know, decentralized finance is a very, very big experiment. Unfortunately, people will lose money. Right. These big vaults, these big, you know, they almost operate like banks. Right. And at this current point, because of how complicated these systems are and how they operate with each other. This is like I said, like this is where, but where it mimics the banking system. So in decentralized finance, we have these huge, huge projects like you're in it can be considered one of the first B5 blue chips. Right. Decentralized finance blue chips. It's doing something phenomenal in terms of allowing people to deposit money into vaults and then executing strategies out. Right. Deploying that capital. Right. So if you have capital lying around, there's no point. Right. That's like, that's like pretty much logic right now. You know, the U.S. dollar, the banks, you know, they deploy money, they deploy capital. Same thing with year. But because of how they deploy capital, they need to operate. They need to interact with other systems in decentralized finance. This is where we're talking about the word, the big word is composability and how they interoperate. So in this case where you're and they had a minor hack and that brought the prices down to $30,000. But yet again, it's a situation where there were experiments, there were failures in the system, but people corrected for these failures and then they move on. Right. So that's kind of how DeFi is working right now. So absolutely, like people were very concerned that there's going to be risks. This is like one of the biggest risks. This is one of the biggest playgrounds. Right. This is not safe. But at the same time, it is the most amount of innovation. And yet again, that's not financial advice, but I've been watching a lot of interviews, right, from Chamath, Battaglia. I can never pronounce this word properly, but this is the billion-error investor of this decade. And he's been talking and a lot of his interviews make sense. I think he's been talking about taking risks when no one else acknowledges something. And this is something that you definitely see in decentralized finance, not just with Bitcoin, but with decentralized finance. A lot of people still don't understand what it is. You know, kind of interesting, right? So I've been in a lot of these clubhouse groups that talk about Dogecoin or talk about Bitcoin. You talk about the heavy elements in decentralized finance. People just don't understand it. But that's a good thing. Right. Before I was like, oh, man, you know, it sucks that these guys don't share the same passion I do. But the fact that they don't understand it means there's opportunity. Right. Because they don't understand it, because maybe they're a little bit fearful of it. Now is a time to press on. And that's for me, that's my kind of agenda this year. If there's any new year resolution I have, it's conviction and pressing on. Right. Like pressing forward to kind of really be on top of that. That's why, yet again, like, you know, Chinese New Year, I'm not really taking a break. You know, that's it's about being on top of everything at this current point. So, anyways, if you guys need my motivation, that's pretty much it. Anyways, let's see. I got some comments coming in. We saw Shobo Baggins says, Bag held engine for evers. It's been a long time. Jason Wu says, Sunday 5 Law. So, he's Happy New Year, which is great. I think Happy New Year to you, too. Brian says, Love to see you with a buzz on LOL. So, yeah, I'm very excited today. I mean, obviously, it's Chinese New Year. It's a very happy time. And obviously, markets are moving up. Right. So, I've been pretty euphoric for the past few days, which is why I'm a little bit more cautious than usual. I've been telling you guys, you know, I still have a certain degree of caution every time. Like, it's an emotional response. I think something that for me personally, I try not to be emotional when the markets are moving. But you do have emotions or I'm human after all. But the important thing is just identifying that. I feel euphoria right now. Once you identify it, you can categorize what mode you are in and fit that towards a greater strategy. So, if you're euphoric and then you tend to make dumb decisions, then maybe stop making dumb decisions. Right. Anyways. Bad example. But anyways, moving on. We got 100% into Pancake. Man, Pancake was just crazy. Like, yet again, it's one of those things like if you're talking about altcoins and innovations and stuff. Holy crap. Sure. It's meeting some resistance right now. But the ride from like 40 cents to what? This is like $6 right now. It's just phenomenal. It's pretty insane at this current point. And so it goes the same with the whole Binance Smart Chain ecosystem. And I guess I should talk a little bit about that. We featured that on Wednesday's stream. Binance, the whole Binance ecosystem, you know, that's been growing pretty aggressively right now. In fact, when I introduce friends right now to crypto, right? It's always like, yo, check out Binance Smart Chain first because you can send transactions for like 2 cents. Alright, you can send interactive blockchain. Not blockchain. You can interact using MetaMask. So the strategy I'm going now is like if anyone wants to learn how decentralized finance is working or how farms are working or how capital can be deployed by smart contracts. You can just go and use Binance Smart Chain, right? Because it's so much faster and cheaper to interact with it. It's a good practice. It's like learning how the nouns works or learning how the transaction works. It's a good like stepping stone. And I think a lot of people, you know, when they first start off with Ethereum, especially with how Ethereum is going right now. Yeah, it's very expensive. So I'm telling people just use it as a practicing ground. And also just trades going on. You can use PancakeSwap to swap your assets in and out. Yeah, it's pretty cool. Yeah, right now transaction fees are still pretty expensive right now. For a medium contract fee is $24. So if you're interacting with Uniswap, it's going to be quite heftily expensive. But, you know, yeah, that's why. So if you guys are interested in starting out, I will do some Binance Smart Chain like tutorials. I've been... Yeah, that's a confession. I've been having so many ideas. I want to do tutorials for Binance Smart Chain. I want to just do more tutorials with how people get started. Like FDX, Binance tutorial. It's like it's... Binance has changed so much since my last tutorial. I should do more, right? Do more to help the space grow. But I've been so busy with the whole trading aspect and also just taking a minor break for myself. Stuff will get done soon. All right. All right. Stuff will get done soon. That's the way it is going. SGG Man said, Man, ETH is going to fall. I'm a big back holder of ENGE and I see it as a risk Binance on ETH. Well, transaction fees need to get fixed very fast. And this year, a lot of discussion on Ethereum front, right? While the transactions are expensive, why people aren't giving up yet is because there's two reasons, right? So you have Ethereum 2.0 coming out. So Ethereum 2.0 is in phase zero right now. So it's not operational, but it's already running. They're doing the kind of the generation of random numbers on there right now. The ones Ethereum 2.0 that comes out. That's going to be... My example of that would be like the big mega highway, right? That big mega highway is going to come and relieve congestion. The other way to solve it is via layer two scaling. That's like almost building like a sky... Like a sky infrastructure, flying cars, you know? Like it's going to be mega cheap, layer two, right? It's not even on the ground. It's in the air. It's like look up there, guys. That's coming up very soon. And people are talking about the different implementations like optimistic rollouts, ZK rollouts. It is a minefield. Like I've been talking quite a bit on Clubhouse. That's one of the things... That's one of the information points I really want to figure out. It's basically how quickly can this type of layer two infrastructure be deployed? And what are the strengths and limitations? And that's one of the biggest research points because it's going to come out somehow. And it's going to scale Ethereum. You know, we've already seen and we've done a video on ZK swap. That's basically Uniswap on layer two, right? And Uniswap itself is going to have layer two. And this is where like free transactions are going to come in and play. This is where it's going to be pretty big. So I'm not going to give up on Ethereum. I don't think that's wise at this current point either. You know, people... Some people are going to be worried. Polka dots are also coming. So, you know, if you guys are worried about that, but that is pretty much the case. So what we're going to do today in today's episode, I mean, remaining time, we're going to catch up on some news. And then we're also going to catch up on some discussions as well to complete and wrap up this episode. So starting off with the news side. So we have Bitcoin price to hit 50k. I love these articles. So, you know, they just... This article got a lot of shares and likes. But we're going to see a lot of this, right? Breaking 50k is becoming the next big, big target for crypto. We definitely see dollar weaknesses too. Okay. Dollar's weakness meets out season. Such a great title. But dollar weakness, I guess the only news element, right? This is something that we all know. The only news is really just talking about the dollar weakness. This year, dollar weakness, dollars are going to get printed like mad. People are very, very worried about where to have their capital. Otherwise, they're going to have... They're going to get watered down, right? Watered down. The dollar is getting watered down at this current point. Okay. We also have Twitter CFO says, Social media giant is concerning whether to add Bitcoin to its balance sheet. So this came out, you know... So this is an interview with Ned Segal. Segal says, he actually asked his employees and vendors to be asked to be paid in Bitcoin. All right. So basically saying, okay, if their employees and vendors want to get paid in Bitcoin, they're going to consider adding Bitcoin to their balance sheet. This is actually a very... There's two things, right? So first of all, it's a knee-jerk reaction to Tesla adding Bitcoin to their balance sheet, right? I mean, Elon really did it, you know. He said, yeah, I'm going to buy $1.5 billion worth of Bitcoin with Tesla. And Tesla's going to own it, right? And then a lot of people are just questioning, okay, is this like... How does that even work? Why would a company like a car company want Bitcoin? Right? But it's forward thinking, right? Why? Well, potentially in the future, what if employees request salaries to be paid in Bitcoin? What if vendors want to be paid in Bitcoin, right? You might as well just get your Bitcoin, you know, war chest here already first. And then Twitter CFO is also saying, yeah, maybe we can consider that. You know, it's on the table. We start to understand. We know for a while that Jack, the CEO of Twitter, has always been very friendly to crypto. In fact, like adding things like the hashtag Bitcoin, you get a little... You know, orange Bitcoin logo next to yourself. Yeah, he's being very proactive in the scene and people are starting to... Like a lot of the tech guys are trying to understand, you know, this Bitcoin thing. It's not rat poison. Okay, so other news. We got America's oldest bank, BNY Mellon, well, custody Bitcoin. So, this is something that I didn't realize was very important. You know, when I first started crypto, I'm like, yo guys, just get a ledger. Okay, get a ledger, get a Trezor, whatever. Get your own hardware wallet, custody it yourself. But the reason why these big banks custody crypto is important is because a lot of big funds, they can't self-custody, right? Because they are holding money on behalf of other investors, if a single employee has access to the ledger or to a hardware wallet, then bam, that money could be stolen very easily. Right? Theft is a real issue. And that's why custody is becoming very important. Like institutional custody has been one of the biggest problems to solve, right? In 2017, pretty much all the hardware companies were trying to solve, you know, how do we solve institutional custody? Because this is big money, right? Institutional investors like are willing to pay. I mean, this is where, you know, New York Mellon University, not university, bank, they're trying to... They've already found a way to custody and they're allowing people to custody their Bitcoin. So, yet again, this is very, very much paving the way to greater adoption, so to speak. Now, MasterCard will support select cryptocurrencies directly on our network this year. It says MasterCard. Yes, like yet again, we... Like this is a repeating theme of this year. I don't think this comes as a big surprise. I mean, Visa did it, MasterCard's doing it. Yeah, you can just add cryptocurrency. Add cryptocurrency to that. And also Amazon... Amazon is saying, yo, guess what? Launch crypto payment product in emerging countries. This is going to be interesting too. I mean, Amazon has a huge footprint in the world, you know, delivering stuff. But at the same time, they are getting charged massive fees when processing currency payments, right? So what if people can say, yo, in Africa especially, we've seen... You know, I think this is many, in many cases, a response to Africa's interest in crypto, right? If you look at Bitcoin as a search term, search... search term... You'll see that there's a lot of trend in African countries and in developing countries for the word Bitcoin. And this is very interesting. This is basically Amazon meeting that demand, right? Okay, so we have... let's see... let's switch that to worldwide... Wait, where's worldwide? There we go... worldwide... interest... We've got Nigeria being the top number one search, right? So, okay, there we go. There's my screen share. So Nigeria searching, you know, Australia... sorry, Nigeria... not Australia... Nigeria is now number one in interest in cryptocurrencies. So this is very interesting. So in developing countries, there is a lot of interest. Look at this world map, right? Look at where the interest is. It's not just in westernized countries, right? Westernized countries here. But look at that. Look at how Africa... South Africa has a lot of interest. Kenya has a lot of interest. Kenya has a lot of interest. Saudi Arabia, Egypt... you have pretty much the whole of South America having interest. This could be a big way for Amazon to save up on currency transactions. Very, very interesting. But anyways, very, very exciting. So this whole interest in Bitcoin, you can see that over interest over time as well. It spiked near January, but it's spiking yet again right now after the whole Elon thing. All right, Elon Musk, he just like single-handedly punched up this entire crypto market. And now one thing I do want to say is you probably notice that China is missing. That's because China is banned in... Sorry, not China is banned. Google is banned in China. So this is why China is not showing up and reflecting on the search results here. So yet again, it's a situation where you have to take this sort of information from a grain of salt. China has its own search engine giants like Baidu, right? So you have to search the Baidu volume and the Qihu 360 volume. They are the two competitors in China right now. We got Kraki916 says Bitcoin is selling below market price in India. That's interesting. And then Alexander Vindograff says, didn't Nigeria just ban crypto? Who can ban crypto? Like who even reads news like that? Sorry for being a dick. But who believes that governments can ban crypto at this current point? I mean, I don't know. I mean, that's just no longer or something. It's not like every time a country bans crypto, it's like India tries to ban crypto, right? Didn't we see that circulating last year? China tried to ban crypto. Did it work out? Absolutely not. Okay, anyways, but that's life. Alright, so on other news, we have Duck Incubator starting. This is a lot of people ask me about Duck. It's kind of funny. Duck and DuckDao, the two separate ecosystem, you have two coins. DuckDao Dime is where you get into conversations. This is where you get. This is required to get into conversations and required to get into new deals when they come out. And then DuckToken is for the new ecosystem. It's going to be where the value is, where the market making is for the entire ecosystem. And both of them are performing crazy amounts. I still remember there was a time when people were very, very worried. I did buy Duck and people were very worried when Duck prices fell to $0.24, right? They're like, oh my God, Michael, like what's happening? I'm super concerned. And then now Duck is moving up to pretty much $1.59. But yet again, these are super high risk. All currencies, I would say all belongs in the innovation zone. I'm just taking a page from Binance's playbook right here. Innovation zone. This is where things can go very crazy and for good and bad. But at the same time, the risk is all yours. And this year, I'm less hand-holding this year in terms of discussion. You'll probably notice that I've been very cautiously when I approach and talk about alt currencies. I have a huge portfolio of them now. So I talk about these alt coins like DuckDow or DuckToken. I'm holding quite a bit of these things right now. Like I said before, I hold around 40 alt coins. And also by the way the alt currency market moved, initially I only wanted my alt coin portfolio to be around 30%. But it actually greatly outperformed my Bitcoin and Ethereum portfolio. So now, you know, that portfolio size, right, if you're looking at the size of the alt coin holdings I have, that has grown almost like double, right, in terms of ratio too. So, yeah, I'm holding a lot more alt coins. It's working out super well. Obviously, there's high risk, but high reward, not financial advice. For me, it's been a good lesson for me personally. Like, why not? With the amount of developments here, it's all about being able to learn about which projects can form the best technology and which projects can encourage the best community. Especially with these currencies, a lot of them are governance tokens or community tokens. And yet again, growing a community becomes a very valuable lesson for reals. Alright, new site. Okay. So we've got Uber also. I think every large company right now in America is like freaking out about Bitcoin because it's getting so much popularity. They're like, Uber won't buy Bitcoin with its cash, but we'll consider accepting it as payment, CEO says. You know, you just wait, just wait guys, just wait. It'll be interesting. Like right now, accepting crypto as payment is hard, but it's getting there. It's getting there. Right. So recently we saw this as well. This is yet again, one of my altcoins is Utrust. UTK just recently got onto Coinbase custody. And the reason why they're important is they're allowing people to directly accept crypto payments on websites and stuff. So they have vendors and they allow people to accept Bitcoin. And this is one of the big areas I'm going into this year. Right. So like exchanges, entry points into crypto. These are all things that were completely neglected during the last bear season. Right. During bear, no one wants to use crypto. No one wants to send crypto. No one wants to talk about crypto. But right now people are talking about it. And this is where these businesses shine. Right. If you want to have a reliable payment for Bitcoin to accept Bitcoin, we're still very far from it. BitPay sucks. By the way, I've used it many times. It's like total trash. But this is where being able to accept Bitcoin, scan it, boom, enter that code in. You're good to go. Right. I think scan it, not enter the code, scan the QR code. You're good to go. You can do that. And also tip, like I spend crypto a lot. Like every time I see there's a crypto option to spend on a website, I always use that. Just to show people that, you know, I'm like, there are users for this. Like this is something that I appreciate you implementing this feature. Right. And a lot of times a pro tip for this, right. A lot of times if you need to send ETH or send Bitcoin, probably more on the ETH side or send USDC, it becomes quite expensive. So the pro tip will be just withdraw from FTX. Right. Because FTX withdrawals are all free. So I'm pretty much using FTX exchange as a big wallet at this current point because they don't have any withdrawal fees. So thank you, Sam, for paying $20 fees for my $10 purchase. Thank you. Thank you. Thank you. Thank you. But yeah, so all withdrawals, like that's why FTX would be click the withdraw section, withdraw USDC. There's no fee, right. Every other exchange would charge you like $10, $20 for fees right now when you withdraw. Anyways, fees are crazy. Also, probably why I'm also causing congestion because I'm getting free withdrawals and then Sam's paying the fee for me. Sam being the CEO of FTX, by the way. But yeah, anyways, if you guys are interested in FTX, referral code down below. If you guys are interested in Binance, referral code down below. I'll try to make guides. It's one of the ways the channel gets monetized via these referral links. It's where I generate a little bit of, tiny little bit of my revenue. And I guess it goes to pay off a lot of the other stuff we've been paying off on this channel too. Like, I don't know why, but I pay like, I'm paying like the Telegram, like ComBot. It's like things add up. Anyways, guys, thank you for that. We'll do some cool stuff soon also. And yeah, let's continue on with the news. So, let's see. Recently, a lot of people have talked about OIN Finance, O-I-N. And they've been doing a lot. In fact, they've been doing a few interviews on us. They recently partnered with Terra Virtual. NFT Play, man. This is going to be a pretty huge ecosystem that the entire space is building out. We've got, okay, let's see. Institutional.DEL. We've got all pretty much covered. All the ground I wanted to talk about today, actually. People want to give VeChain some love. Let's check out VeChain, VET, some love. There's a lot of action today. Like a lot, a lot of action. I think this is... I'm pretty excited. I'm pretty excited. This is something that can... SwissBorg is up to. Like SwissBorg maintained it's up. So, good times. Good times. Good times. Good times. Alright, so we'll do a chat and discussion. Engines up like 35%. It's insane. Whew. Like I feel like this is the one good and bad thing about crypto where... Like if you're invested a lot into crypto, like for me, I'm like... I have a huge crypto holding, right? I mean, that's... It's pretty clear that I've dedicated my entire time to crypto. Right? Best decision ever, by the way. I'm just speaking about reflecting on it this year, right? Um... It's kind of interesting because like... This space... The amount of variation in your net worth is gigantic. Right? If you're invested in the space... It's crazy to see these numbers fluctuate like mad. And being able to be very psychologically strong is very important. And this has been a primary focus of last few years to just figure out who I am, what I am. Um... Yeah. I guess it's just philosophical questions. And... I guess it's worth their time to invest a little bit in yourself. Like for me, I... Um... I'm very sensitive to money. Right? Like... My family was not very rich growing up. Like... Um... Like... There were times where you know, my dad would work at a... You know, fast food joint. You know, make some money there. My mom was a student. And then she got a stipend, a fellowship and stuff. And... Um... You know, that's how the family got by, right? So there were periods of my life where, you know... You know, it's not very rich, right? You have to go... Especially when I was a kid, you know... You just don't want to spend money, right? Your parents are all very sensitive to money. You don't want to spend money. I still remember my parents having a car that had like... Almost like broken brakes. And we nearly crashed. You know... Um... So yeah, so I grew up very sensitive to money. And now... Because the fluctuations in crypto are ginormous. Right? Like every day I can look at my portfolio and be like... Oh, yo, I'm up like this much. Or... Yo, I'm down this much, right? Especially the last few years, I've been down a lot. Right? And just being psychologically strong through this is very important. At least for myself. I'm not sure if it's the same for everyone else. Tell me if this actually makes your emotions swing. And I think it's quite important to talk about. Especially now I have a lot of new friends coming into crypto. And they can't sleep. Right? They literally cannot sleep. They come into crypto, they're like... Oh my god. Like this is like crazy. Right? And getting used to it is hard. But anyways, I hope you guys can share like that. I think, you know, it's important to help people through that as well. I've been... The reason why I'm sharing this is because I feel like it's important to... Allow people to be... To have a place to discuss. I mean, like I said, one of my banker friends... Like he literally said his entire annual salary gets, you know, varied in banking. Right? He quit banking. But his old salary... That entire annual salary amount fluctuates for him up or down. Right? So you can make an entire, you know, worth of salary in three days. Or you can lose an entire year's worth of salary in three days in crypto. And I don't know. That's hard. That's hard. It's emotionally hard to deal with. But, you know... Yeah, that's why for the last few days I took a little bit of a break. You know, just looking at stuff. I've been doing some farming. I've been doing some aggressive farming on the Binance front. There was a Goose DeFi that was going up like crazy. It's like... It's insane. The amount of farming. The amount of activity. The amount of everything going on. It's just nuts. Right? So being able to be okay with that. Being able to kind of understand or rationalize. And be able to... And just an example as well. Something weird yesterday. So there was a fight in the Telegram group. Right? There was a lot of concern in the Telegram group yesterday. Because there were a few shares of projects that were, you know, very, very early stage. You know, eight projects. People just announcing new tokens. And then six hours later, the project rugged. Right? Literally pulling all liquidity. And anyone who put money in there just lost everything. And people were obviously angry and salty. And just wondering why it's shared. It's hard times. You know, crypto. Sometimes you share something. It goes up 10x. Sometimes you share something. It goes up 0x. A lot of times you don't have time to do the research. It's hard. This is where crypto doesn't become very easy. Where the lines get blurred. I'm pretty sure the person who shared that, they didn't mean any malice. It was just like, oh, yo, check this out. But at the same time, you know, how much responsibility is there? And how rationally should people be in? Right? And I've adopted a mentality that I'm pretty sure, you know, this is another reason why telegram, our telegram group is not private. I'm not opening up. It's because a lot of people can't handle that. Right? Like for me, just like, just give me some feedback as well. A lot of people cannot handle being rugged. But for me, it's fine. Right? Like I can get rugged like 40 times. I'm so fine. That's because I'm allocating so little capital each time I do something stupid. But that's just standard practice. I'll never say like move like a 10% of my portfolio to a new project. It doesn't make any sense to me. Right? I think I'm relatively cautious. Good or bad. But probably not like, probably like, yeah. Yeah. That's like, you know, decent amount, but not like crazy amount. If you get what I mean. But, um, Vi Virtue says, bro, how is this not gambling? There's going to be a lot of like philosophical discussions also. I mean, if you look at the stock market, it's basically a giant casino. Right? Um, you know, big funds playing against each other with, you know, all like very, very powerful strategies. All of them doing some weird math on the back and then trying to bankrupt each other. Right? It's vicious. It's, um, it's very much like a casino. It's very much like gambling. Um, and it's not for everyone. It is not for everyone. It is not for everyone. Like, um, like there are times when you really want to feel like I want to gamble. I'm, I'm, I'm seeing friends do this too. They just like switch the meter, like leverage meter to a hundred X. Um, YOLO, right? Bitcoin moves up 1%, then you double your portfolio. Bitcoin moves down 1%, you're all your money's gone. Right? How is that not gambling? Well, um, it looks like gambling probably is gambling, but yeah, being, but at the same time, there's innovation and market and value creation. So I will say the argument for it not being gambling is because a lot of these projects are coming up with something very novel, very new. And that's what I'm looking for in the space. Um, you know, very rarely do I go into a project that doesn't have anything new or novel or something to offer to build upon the space. I think that's kind of the guiding principle. I am being like, if there's ever an investment thesis, that would be my investment thesis, like no garbage, right? Then if it's just pure garbage, it's pure pump and dump. It's no value. But, um, here there is value. There definitely is value. If you just look at the whole decentralized finance space, if you actually spend the time to look at what's being built on DeFi, like check out what Iron Bank does and how the capital deploys on there or Alpha Homura or YFI or yeah, everything that's happening here. It's, it's, it's insane. Right. So I feel like that's the only distinction is that there is value creation. But of course, because of how market moves, you have to understand, or at least for me, that's what I tell myself anyways, that things can go wrong. Things can go very, very wrong. Um, and some of, this might be a giant experiment that doesn't work, you know, maybe it's too utopian. It doesn't work. Um, so anyways. Um, that's pretty much the discussion. I felt that was kind of fun. Um, it got really serious towards the end. So moving to a very much lighter tone. Um, uh, TOC says, similar says, mic is not accurate, right? Sounds like a laptop audio. Yeah. Um, this mic is broken today. Windows update. I couldn't fix it prior to the stream. So it sounds terrible. Um, apologies, but you know, stuff happens, right? Um, we continue on. Uh, we ask, you're okay with 40 rugs. Yeah. Um, like I can get rugged a lot. I don't really, um, I don't really deploy that much capital into new projects. Like, uh, I don't, like, it's hard to say. It's hard to say. Like, I'm not going to make blanket statements either, but like generally, if it's a new project that I haven't done research in and people are like, oh, ape into this. Um, you know, I don't ape that much, like at all. I do not ape that much at all. Like, yeah. Um, but I do ape, I guess, which is why I don't want to make blanket statements like that. Um, you know. Key short, sis, what's your favorite alt? I have like a huge bag of everything. Um, yeah, we'll talk more about alts, uh, soon. And by the way, thank you guys so much for donations. Um, we've got VaporSmooth, sis, Incentia, OnePlease, um, FOTS and Small Cap Coins. I will do more episodes on this. Like, I know there's multiple requests for, um, like, uh, altcoins and everything else like that. We'll do more. We'll do more. There's just so much going on. Typically, my investment strategy for alts is that I'll enter a position, um, that I think, like, especially if I've done interviews, I talk to the founders, I kind of gauge what tier they are in terms of people. I know this is like a very douchebag thing to do. Like, it's mean, right? You classify people in terms of like, oh, this is a tier one person, right? Or this is a tier two person. Uh, you know, this is how smart this guy is. And then there's like a, like a god tier. Like, like Sam Beckman-Fried would be god tier, right? Like, SBF would be like, he's like super smart, super aggressive, um, makes amazing plays. Um, like he will be crazy. He'll be with some people that you just learned a strategy from prick his brain a little bit, you'll be smarter, right? Then there's like tier one, which is like, you know, your top of your tier, you know, your typical Harvard or tier one university guys, or even tier one smart guys. I'm not going to classify university because university doesn't really tell you much, right? But people that generally speak well, they understand community, they understand the market, they understand finance. That would be tier one. And then tier two would be people who roughly know what's going on. There may be, they maybe have elements that are very good at one side. Maybe something like they're very good at community growing, but they don't understand a lot about finance. Or maybe they understand a lot about finance, which is the situation of Alpha, um, Alpha Homura. They understand a lot about finance, but they don't understand a lot about community growth. And this is where you can go and help a certain project, right? So anyways, I kind of figured out what tier they are and how to kind of allocate capital accordingly. Um, it's, yeah, um, it's magic, right? It's pure, it's pure magic and it makes, like, I feel like it's something that I've been doing strategically for some time. And it kind of works a lot. And it's how kind of finance works, right? You kind of figure out, you know, how good a person is. But it also makes you a very evil person because you start kind of doing that with everyone you meet. And then you kind of just like, it's kind of a lot harder to have friends afterwards. But, you know, who needs friends? We have money, right? Just joking. Okay, so we got Peanut Walters. Thank you so much for making my Friday great, Michael. Thank you so much, Peanut Walters. Please do have friends. That was really much a joke. Yeah, please do have friends. Please have family. Don't, don't alienate all those guys. We got Goose Finance making a donation. Yo, Goose, what is up? Goose DeFi saying thank you. All right. Well, we got Brian Denik. Thank you for the donation. Buy MindMed to help all people. Come on, guys. Come on. Relax, relax. We're... Yeah, we got John Moro says, thoughts on Lina, Linear Finance at Box Money. They have potential. And you say only you invest in projects with promise. Yeah, I'm taking a pretty large position in Lina, actually, to be honest. And that's growing crazy, right? Lina, like, 10x in the last few weeks or months or something like that. Like, my mental picture of it is I'm just waiting. I'm waiting. I'm waiting. I'm huddling. Diamond hands. Diamond fricking hands. We got lots. John Monroe, thank you for asking the question like eight times. But at the same time, guys, please be reasonable with chat. I'm not going to do this every time, but I know a lot of people are making these large requests. If you do make like three requests in the same second, I will ban you from the chat. So, John, I know you want me to talk about linear. I'm invested in linear. Absolutely. But please have respect for people on this channel, too. And we'll, you know, yeah. Just don't be a douche. All right. Don't be a douche. Like, that's my life policy, right? Don't be a douche. Don't be a douche. Sarah says, you know, taking a word. Thank you guys for donations, by the way. Really, really respect that. I'll try to cover as much ground as possible. But at the same time, at this current point, with the whole altcoin season, like the whole altcoin space growing like this, I can't cover every single project. So I just want to make sure our expectations are met. So I'm going to start, you know what? I'm going to start kicking people out for certain things. Yep. Thank you so much, mods. And let me turn on slow chat because... Let's go. Slow chat. Sorry about this, guys. Like, let me save that to 15 seconds. Slow chat has been deployed. Edmund comments is, don't be a D. I think it's just, it's a crypto thing, right? A lot of people are excited. You know, like, this is the other hard part too. Last drop, right? When people get super excited about something and don't have respect, that's usually when a sign when they want to dump something. Right? Like, they're pushing something to super, super hard. And then, you know, what's the reason for that, right? Like, this is where the mind games come into play, right? If someone's super pushing you super hard, you always pull back. And that's what I always do, right? Every time a sales person comes to me and pushes a product onto my face, I'm like, yo. All right. All right. Like, same thing in crypto, right? Same thing. People push, yo, yo, what's your thoughts on this? What's this? Tier one exchange. Tier one. Fully audited. Bunch of words. Like, calm down, calm down, calm down, bud. Like, let's do the research. Let's talk to the guys. Like, it's life, right? So, have some respect, guys. Have some respect. All right. So, yeah. Can you explain how to use Layer 2 on Ethereum? There's going to be a lot more coming. If you want an example, the best video for that will be actually a recent video I published recently on Ethereum. There's going to be a lot more coming. If you want an example, the best video for that will be actually a recent video I published recently on Ethereum. Yeah, that gave you an example of ZKSwap. And I think this is one of the first ones there, too. So, like, moving assets from Ethereum and then moving that onto Layer 2. So, you deposit it onto Layer 2 and then withdraw. I think this is going to become operational very soon. Before it was Testnet. Yeah, it's still on Testnet. So, you need to be on Robson. So, let's see. Let me go on Robson very quickly. So, right now, this is like a demo. But I think that's a very good question. So, the only difference, I would say, with Layer 2 is that there's an extra step in there. So, you need to deposit onto Layer 2 and then you can deposit a token, deposit that onto Layer 2. And once you're on Layer 2, the transactions are like that. It's instant. It's not only instant, but free. Right? Or, like, as close to free as possible depending on how it's set up. Lots coming there. So, it is an extra step and it depends on which one is going to be crazy. That's why there's like three technology variations of this. It's going to be crazy anyways. So, Johnny Stohar says, okay, I'm going to answer a few more questions and that's going to be it. Johnny asks, what are the downsides of Coinbase? That's a good question, Coinbase. Okay, so, Coinbase is going the institutional route. They are going the, you know, very, very strongly fully regulated, which is good and bad. Right? It means that they have the more stability in this space. But, at the same time, alright, this is for people who have been in this space for a long time. They don't really like it because Coinbase reports everything to the IRS or to the CRA, to the relevant tax agencies. So, I'm not telling people to tax evade, but it also makes your life very, very difficult to report. Report your taxes properly. Right? Because every single trade is logged and reported. It becomes a big issue. Like, what if a $10 trade, like what if you click a button and click cancel, but $10 got traded? Like, there are these issues that people brought up to me. This applies to certain groups of individuals that are either in America where there's capital gains tax. For me, I will be honest, very, very honest with you. I'm in Hong Kong and in Hong Kong tax is not as big of an issue because we do not have capital gains tax here. So, everything that we make on the market is ourselves because we take, like that makes logical sense. Right? We take the risk. We make the money. Don't tax us, please, bro. That's right. But, you know, there has been people like I've, you know, you definitely know like some people. I think, I think even Heidi from CryptoTips, right? CryptoTips Heidi. she got a new passport she bought I think Nevis I think it's Nevis but anyways check her video she bought she I think she's renouncing American or something like that so then she won't get taxed but anyways but that's the only disadvantage it depends on which tax jurisdiction you're in and how much you want them to be talking to each other if that makes sense but yeah at the X is also great but obviously there's going to be a limitation to how much there is and then there's also going to be yeah lots of other stuff coming on there so so anyways that hopefully that answers your questions Angela one says Heidi got sent kids okay so Heidi got sent kids you know you know people you know when people are very well off in crypto when they start buying passports just saying just saying right just saying all right John Morales says I apologize for my Sam I really wanted spam I really wanted your thoughts thank you John yeah I'll give more thoughts I'll definitely prepare more for the future as well thank you so much for donations Sarah as well I'll take a look into the world but I have no idea what it is I'll be honest with you and I definitely don't want to feature something I don't know what it is all right and I think that's pretty much it for today's dreams so oh hey fat choy now share the love share the love year of the bowl it's gonna be a great year I I can feel it I feel it in my bones man this is gonna be an insane year the amount of space like conviction conviction really paid off for me and yeah it's gonna be great it is great and it's not gonna be great for everyone I would say you know manage risks appropriately find a financial advisor I'm not your financial advisor manager risk appropriately I'm sure some people are gonna lose a lot of money here I can smell that right that's what that's why there was a big hot sigh it's like this market is moving up great but recognize that this market already pretty much 4x to 10x or 100x depending on which coin so be very careful guys be cautious yeah I mean you're someone's gonna lose money some people gonna make money but you know you want to be the smart guy anyways guys thank you so much for talking thank you for sharing thank you for coming on our next live stream is gonna be on Monday let's see let's get Monday by the way guys thank you guys for all smashing up the likes guys really appreciate we had 242 likes really really appreciate it guys share the love guys and yeah three gamer asks how do you get information about new ICOs or ID always any website Clubhouse Clubhouse is where it is at man like just spend like anyone who really wants to go into crypto generally speaking I'm like yo just go on Clubhouse reason why is because it's like a big conference so you got to talk to a lot of people and get a very good idea of what's happening a lot of people who are creating their own projects they'll start sharing information there so yet again like conversation keeping your ears close to the ground becomes very important Bitcoin and currency so I'm pretty much next live stream so I hope you guys can eat Bitcoin Ethereum and cryptocurrency see live stream that's coming up on Monday so make sure you guys are staying tuned for Monday live stream let's do that there we go create magic turtles those price go up price go down and go up again Jason who says no Clubhouse just just come on we'll try it we'll try to do and share anything we try to share as much invites to as many people on the box mining telegram group as much as possible but we will try to share as much as possible I pretty much burned out all my invites inviting everyone to come in you get like five invites every week or something like that yeah Clubhouse is where a lot of crypto discussions are right now magic turtles is I'm a Clubhouse hater we have better voice apps but not hip obviously it's not about being hip like for me like I I almost never like hate a certain product anymore I know some friends are like very anti Apple or anti Android like heck okay let me show you this all right I'm not anti anything all right if you guys want phones here here's my stack of phones right like fuck me like here here's a stack of phones I own right like Android Apple whatever I don't care right but I just be smart like never like never be emotionally compromised because of a certain like mindset I would say like for me anyways like like people like PS5 or Xbox buy both like if you want to test them ball out like especially if I'm a game designer buy both right like it's it's no nonsense like no you need there doesn't need to be tribalism there right like if you're yeah I mean that's that's my two cents man like I had a discussion yesterday I was so frustrated one of my friends was like oh I'm Android only I don't use Apple okay fine have fun same part right um so that's my two cents uh Jason who says WTF are you a taxi driver I had a problem right like I bought this phone because I thought oh cool this had like a 100 megapixel camera that's pretty cool right this one was the one with the wallet that no one uses the the one that everyone was hyping about um last year you know Finley right oh man I was like it was a nice try it was a nice try but no one really wants a harder wallet on their phones right especially if you don't release phones every quarter it doesn't really make much sense this is just an old iPhone this is a Samsung phone that had that was using to try to get the engine wallet on this is an old iPhone that's my current phone but yeah um cryptogram says tribalism is dumb save it for sports team club rental asks what is clubs clubhouse is just a chat app it's like there's a is like people can form in chat groups there and it's audio only so people just chat um yeah it's it's where a lot of the discussion is right now so anyway it's just um good Bruce Leo says which clubs clubs groups just go into every one like there's like the hashtag defy groups um join my groups um if you're there but you know there we go all right so um that's pretty much it for today um my personal take on everything any thoughts on dodo yes I hold dodo I'm that's gonna say for now dodo seems pretty cool um zero offices bmb good for a long-term hold it's hard it's been up quite a bit um like I I have a huge stack of bmb because like I said I put it on my uh medium banks video I got at eighteen dollars um you know it grew up crazy amounts and I think a lot of reasons I I gave you guys the reasons for it right because of binance smart chain because of everything I think it's it's it's moved up so this is why the only reason why I'm cautious is because it moved up a lot right from eighteen to forty something or a hundred and twenty something right like that's it's crazy um that's the only reason why I'm saying look I'm euphoric right now I'm gonna put on some breaks but I don't think I've sold much at all like I think I de-risked like five percent only um the rest I feel like the exchange itself because they're getting new signups like crazy right um and being the biggest one out there hmm yeah I don't I don't I don't see any reason why I should de-risk too much of that so my two cents um anyways I think that's it not financial advice anyone finance will go up forever since Jason love people's enthusiasm love it love it love it love it um that's pretty much it um executive team says is your disc group closed this group globe is your disc group group closed no it is not but yes put it down on um there's discord group telegram group is closed for now clubhouse just find me i'm at box mining anyways um i think that's pretty much it for today we'll be back here tomorrow um i'm pretty much not celebrating chinese new year anymore just gonna do some stuff today and then yeah like tomorrow back to crypto and we're good to go guys so thank you guys so much for watching today um okay let me let me share tomorrow's post right let me share tomorrow's post uh we got monday shirt share back all right so this is monday stream so i'm gonna share this in the group with you guys um but i hope you guys can just click this um set the reminder up for monday stream that really helps the channel grow i'm trying to do all the youtube things there i've been pretty much like neglecting that i cannot pronounce words today but yeah um there we go sharing that up um so yeah just click the set reminder for it lots of exciting stuff happening i hope to see you guys soon so we're bringing a really great chat i definitely wish you guys uh happy happy new year um especially for this one so this one let's see we gotta get the prosper one here all right right da da da xii li right like prosper prosper prosperity prosperity health right health prosperity and then don't be dumb all right all right health prosperity don't be dumb that's all that's all um as asian as i was gonna get all right so guys thank you guys so much for watching see you guys later i'll go to last question that says krebs park says what's your channel box mining uh we started off with mining but it's pretty much mining information now it's box mining mining information and with that guys thank you guys for watching we'll see you guys 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 a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video so what so you