(Monday) Crypto and Bitcoin Livestream (new opportunities?)
Boxmining
over 4 years ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
Here's a summary of the video, covering the latest in crypto and potential new opportunities:
This livestream provides a comprehensive look at the current cryptocurrency market, exploring key trends and emerging investment opportunities beyond just Bitcoin and Ethereum. It delves into the resurgence of yield farming on Binance Smart Chain, the booming NFT market, and the growing ecosystems of Polkadot and Kusama, all while sharing personal strategies and insights on navigating this fast-paced space.
Here are the key topics and details discussed:
Current Market Overview:
- The weekend was relatively calm, which is seen as a positive sign, indicating stability rather than drastic drops.
- Bitcoin is currently around $57,000, having moved up 17% over the last week but remaining stable in the last 24 hours. There's some resistance, but it's steadily climbing.
- Ethereum attempted to push past $2,000 but met strong resistance, now resting below that level. This $2,000 mark is the next big barrier for Ethereum to break.
- While top cryptocurrencies like Bitcoin and Ethereum have been relatively stable in the short term, many smaller altcoins ("the mice") are seeing significant movement, especially exchange tokens like KuCoin and OKB, trying to catch up to Binance Coin's recent surge.
Bitcoin's Bullish Trajectory:
- Bitcoin is on a strong, almost linear upward trend. This current bull run is significantly larger than the 2017 hype cycle.
- There's a lot more institutional involvement and talk this time around, citing examples like Coinbase's upcoming IPO and Tesla's $1.5 billion Bitcoin purchase.
- Despite calls for caution, the presenter remains very bullish, having re-entered the market after the Chinese New Year period. Historically, CNY brought market dumps, but this year's lack of a major dip signaled renewed confidence, especially as Asia is turning super bullish on crypto again.
Ethereum's Resilience Amidst Competition:
- Even with Binance Smart Chain (BSC) growing rapidly, Ethereum's daily transaction count hasn't dropped, and gas prices remain high (around $25+ for a Uniswap trade).
- This suggests that BSC isn't directly "stealing" Ethereum users but rather serving a different segment of the market, particularly those with smaller transactions who might otherwise be priced out of Ethereum due to high fees.
- The presenter views BSC not as a competitor but as an alternative or even a "testnet" for Ethereum, offering a cheaper environment for developers to experiment.
The Return of Yield Farming on Binance Smart Chain (BSC):
- BSC's extremely low transaction costs (mere cents) have ignited a second wave of "food farming" projects, similar to the craze seen on Ethereum with projects like Yearn Finance (YFI) and SushiSwap.
- This allows a much wider audience to participate, as they weren't able to afford the high gas fees on Ethereum during the first wave.
- Strategy and Risk Management: The presenter's personal strategy is to use idle funds (e.g., wrapped DOT, BTC, ETH on BSC) to "farm" for new tokens. This is seen as a "free buffet" – getting free samples from various projects without directly buying their native tokens.
- He spreads risk by participating in multiple farms like Goose Finance ($EGG) and Viking Finance ($VIKING).
- He highlights the extreme risk of high APY pools (e.g., 11,000%) and warns against greed, only participating in these if the code is audited, and he's confident he's early and the price will hold, always with strict risk management.
- Safety Update: Goose Finance ($EGG) recently underwent a Certik audit, confirming its contract safety, which is a positive sign and explains its high Total Value Locked (TVL) of $132 million. Viking Finance, having forked Goose's code, benefits from this indirectly.
- Caution: Still, the presenter strongly advises caution due to the prevalence of unaudited contracts and potential "rug pulls," which have been observed even within trusted community groups. It's difficult for individuals to fully audit these complex contracts.
Insights on Binance Smart Chain (BSC):
- Acknowledges BSC's current centralization (fewer nodes, largely controlled by Binance) but notes their plans for expansion.
- Emphasizes that BSC will never reach Ethereum's level of decentralization, which is fine, as different applications require different levels of decentralization. For instance, a social app might prioritize speed and cost over absolute decentralization, while a global financial exchange needs the latter.
- Pushes back against "tribalism" in the blockchain space and racial concerns about Binance's origins, focusing instead on the technical trade-offs and utility.
The NFT Craze:
- Non-Fungible Tokens (NFTs) are a massive trend, with examples like the Nyan Cat GIF selling for 300 ETH ($590,000), a fake Banksy selling for $1 million, and Logan Paul raising $3.5 million from NFT sales in one day.
- Initially skeptical (why buy a GIF you can download?), the presenter now sees the value in NFTs as a way to support artists and give them recognition.
- Skepticism and Due Diligence: He remains highly skeptical of the reported high sale figures due to the ease of "wash trading" or "fake bids" on open networks, where founders could buy their own NFTs to inflate perceived value. It's nearly impossible for news outlets to verify genuine interest.
- He advises caution about the long-term value of NFTs beyond the current fad, actively researching how to ensure they hold value rather than becoming a "tune-up craze." Personally, he buys NFTs but limits his spending to around $60.
Other News & Opportunities:
- Bitcoin's Triumph: Amusingly notes Elon Musk explaining money to Peter Schiff and Bitcoin surpassing gold in price, directly countering Schiff's past predictions of Bitcoin going to zero.
- Blockchain & Enterprises: Acknowledges the growing trend of blockchain tech bridging DApps and traditional enterprises as common knowledge.
- Polkadot ($DOT) & Kusama ($KSM): Polkadot enables building individual blockchains (parachains) connected by a central relay chain, offering a different scaling solution than Ethereum's single chain. The demand for DOT is driven by projects needing to stake it to secure a parachain slot. Kusama serves as Polkadot's public testnet, popular for more experimental applications where full financial stability isn't critical.
- Fractal ($FCL): A new project focused on "freeing the web," launching a token soon (Feb 25th) with an event on Feb 23rd.
- Free Alpha: Mask Network Initial Twitter Offering (ITO): Users with a Twitter account and the Mask browser extension can potentially claim free Mask tokens. This highlights the ongoing "free money" opportunities available to active crypto users.
Q&A and Personal Reflections:
- ETH Price FUD: Addresses fear around Ethereum's price, particularly for newer investors. For long-term holders, significant gains make such fears less impactful.
- Dot-Com Boom Analogy: Aims to be an "insider" in the crypto space, gaining deep industry knowledge and networking with key figures to identify strong projects and avoid past mistakes of retail investors in the Dot-Com bubble.
- YouTube vs. Investing: Prioritizes being a top investor over being a top YouTuber, stating that YouTube revenue is negligible compared to the passive income generated from farming.
- Community Value: Emphasizes that he continues YouTube primarily for the community, which has provided invaluable support and collective research, especially in navigating complex areas like yield farming.
- Bitcoin to $100k: Confidently states Bitcoin will go well beyond $100,000, comparing current skepticism to doubts about Bitcoin hitting $1,000 in 2012.
- Linear ($LINA) / $LUSD: Notes the successful listing of LUSD (a synthetic USD) on Bitmax as a positive development for the Linear protocol.
- Content Creation: Acknowledges the difficulty of consistent content creation, especially short-form videos which require extensive editing he dislikes, preferring the spontaneity of livestreams.
- Market Dumps: Mentions the historical "bloody Mondays" but notes the current lack of aggressive dips as a good sign.
- Personal Growth: Reflects on his journey from a science background to learning video production and venture capital, emphasizing continuous learning and adapting.
The presenter concludes by thanking the community for their support, which enables him to continue sharing insights from the cutting edge of the crypto space.
Transcript
Transcript
everything ready so make sure you guys smash up the likes guys i'm updating the title as of this moment and i have just clicked the live stream button so guys welcome welcome back to another episode of box mining here it is monday the 22nd and well there's hasn't been too much going on into cryptocurrency space over the weekend it's been relatively quiet but i actually see there's a lot of opportunities as well so this episode is going to be primarily focused on just taking a look at the overall market overall then we're going to take a look at what opportunities and plays there are in this space right now and you know since it's a monday live stream we'll do some chatter and see what you guys are interested into as well today i also have an opportunity if you guys are they guys have a twitter account or if you guys have a twitter account there's somebody something really interesting popping up so make sure you stay tuned for the rest of this episode i'll tell you what the opportunity for if you have a twitter account as well in today's episode because like this was like raging people were like how do i make twitter accounts like at chinese people asking me how do i make twitter accounts for this so anyways this is kind of funny so anyways we'll talk about all that today and guys if you guys are hopping into this channel for the first time i know there's a lot of people that are new in cryptocurrencies in this channel we give a very steep insight into what is in cryptocurrency bitcoin ethereum all the alt currencies and you know the channel is not designed to be overly shilly and telling you what's the best but rather to give you guys some insight and this is something that i've accumulated over the periods of time i've been mining since 2012 well mining since 2012 then of course gone into the whole crypto bull rush in 2017 learned a lot have a little bit of ptsd because the markets really collapsed in 2017 but of course that's part of the play oh no siri's interested in listening to this pitch too but anyways uh that's what this channel is really about um it's yeah it's not designed to be too overwhelming and we do cover the news but it's always kind of like analysis of the news rather than saying the news i thought that was kind of more important in the crypto space especially so anyways make sure you guys smash the likes if you guys are here for the first time subscribe and click click that notification bell you get notified of all new videos that are coming out let's get started all right okay i need to figure out how to i am one second the black screen i just need to add my my brave browser on here all right done so we always start with a market overview of what is happening on market and to be honest not too much so this weekend has been relatively relatively calm this weekend and that's a good thing that's a good thing so bitcoin yes it's been moving up it's been moving up 17 over the last week but over 24 hours it's relatively stable it just moved up one percent so right now we're sitting at 57 000 for bitcoin obviously there's a little bit of resistance so i'll look at the charts with you in a sec and see what's going on but on top on top of that ethereum as well ethereum moved down a little bit it really reached two thousand dollars and said you know what not too comfortable there at two thousand dollars so the price has dropped a little bit so that's kind of what's happening on ethereum bitcoin front obviously for if you look at the past seven days everything's been going up very very strong i mean if you come from traditional finance you understand right you know 17 over a week is pretty good in traditional finance but i think for all of us at bitcoin um in crypto we want to see some action right i feel like there's definitely a lot of pent-up energy one thing that i want to want to notice is also like the rest of the current cryptocurrencies in the past 24 hours haven't really moved too much so if you just look at um the top performers we got plenty hollow okay never mind i apologize there the bottom the bottom of the list had a few so we had hundy moving up hollow moving up iost mdex um gold btc gold is still up zk swap is almost at ten dollars holy crap so yeah there's a there is some movement but the top ones haven't moved that much if you just look at it the top ones haven't moved too much and there's relatively you know not too much movement um we have some movements down as well so overall it's you know the top 20 hasn't moved around too much apart from nem and apart from okb so overall it's been relatively quiet for the giants but that's a good sign right usually when the giants are sleeping the mice come out to play and that's kind of what we're seeing so that's why kind of the bottom ones are moving up a little bit and because bitcoin is kind of like i think a lot of people are probably like a little bit scared that bitcoin was going to take off to the moon i mean it was poised to do so right if you actually look at bitcoin actually broke through some of its uh resistances so people were looking for a breakout on bitcoin but bitcoin took it slow this time bitcoin took it slow and you know sometimes when bitcoin goes really fast all the alt currencies and stuff they kind of all suffer a little bit as people move back into bitcoin but because bitcoin is going quite slow over here the altcoin space is very very fertile at this current point so we're almost a preach we're slowly slowly moving up to the altcoin phase right so if you look at the bottom um like the top 200 cryptocurrencies so one to 200 right now you definitely see a lot of movement there as well um more ups than downs if you look at it um dent kucoin kucoin tokens moving up and you can see that kind of repeating pattern right um you saw both huobi and okb also moving up i think this is largely due to the fact that binance coin moved up so much i mean the last friday's episode we're dedicated to talk almost dedicated talking about binance coin right because of just so much movement right with bnb at these new highs the other exchanges want to catch up right so ok is trying to catch up um kucoin is trying to catch up bitmax is trying to catch up that's kind of the overall trend right now but of course okay not trying to be too much of a binance smart um binance fan but binance also has their own binance smart chain this is kind of what really accelerated binance bmb's growth bmb is a native part of binance's smart chain and people can use that to almost use as if it's like ethereum right so now a lot of the action is going on that front so this is why yet again it's a it's a very interesting time to see whatever is going on but anyways that seems to be like the current trend of what's going on and what's interesting now let's take a look very quickly at the charts i'm not going to read too much into the charts at this point so i just kind of try to emphasize what i've been talking about so bitcoin i've kind of positioned it as it's kind of growing in this channel here so look at that that's that's almost a straight line right you cannot ask for a more perfect straight line than that it's a linear line just going up very very steady bitcoin is like you know relative to the traditional markets obviously this is like a rocket ship right the people who are probably looking at this from traditional finance like oh my god it's blowing up but obviously for us we're in crypto we like these like giant hockey stick actions but anyways that's kind of the hourly chart for bitcoin not going to read too much i think bitcoin is behaving the way it should there's definitely a lot of kind of energy into bitcoin i'm not i don't want to channel energy give me a sec let me give me a sec here um but the way that bitcoin is kind of working right now is it's it's growing very very aggressive if you just kind of look at how um if you zoom out a little bit you know bitcoin has been just on the upward trajectory and oh here here we go that actually makes a little sense if i have a chart up there now so yeah so bitcoin if you look at it from a one day um candles you'll see that it's just been moving up pretty aggressively pretty much in a linear fashion um and if you look at it zoom out a little bit more you know this is the last bull run right uh you know we pretty much dwarf that at that that point right now if you actually um yeah i think a lot of people were surprised right when um you know like i said i've been i've been in 2017 before i saw the hype and we were all wondering if this wave will be bigger right you know now it's pretty abundantly clear that it's a lot more big it's a lot bigger and also there's a lot more talk like a lot more institutional talk you know last in 2017 there were talk about institutional investors getting into crypto but there wasn't as much kind of things stacked for bitcoin for example this year coinbase is going to do an ipo so they're going to kind of raise money from the public and they need some hype for it too right they need to prove that the cryptocurrency space is worth investing into and that's why they're probably their their objective now is to just raise increase the hype on wall street in new york right so that's one thing that's going on and in this um this year so we got also elon musk of course tweeting endlessly about bitcoin and also buying 1.5 billion dollars of bitcoin in with tesla's money right this year is a it's very very different so i'm still very very bullish actually i feel like a lot of people were pulling back a little bit obviously just um like with a rise like this obviously people are talking about caution right people are definitely talking about caution but during the chinese new year period this is when i kind of re-entered and uh whilst i was quite cautious here because i was um kind of saw the approach of chinese new year being something that um could potentially affect prices greatly that was um you know there were dumps in the past few years right so prior to new chinese new year we had kind of um a little bit of fear but once chinese new year actually came right and it came and then um chinese new year started and there was nothing i was like okay oh let me go back in right this is when you know all this fear cannot push the price of bitcoin down right and now we're kind of seeing that kind of explosion back up again right after chinese new year the fear is subsided you know china's coming back and chinese people are going all out crazy right now for cryptocurrencies too definitely i can see my wechat popping up like nobody's business that the amount of hype the amount of energy there is just insane so you can definitely see that you know the fear of china dumping is pretty much gone asia is turning super bullish yet again so yeah that's kind of the situation we're at and which is why i see plenty of offer off opportunity this week as well obviously that's why i'm very hyped up i've pretty much stopped all like i i i told you before i took like five or ten percent profits but yet again um i kind of went back in to be honest um and yeah there's just this is craze and i definitely can see how um the craze also affected um the binance smart chain i think a lot of people realize that they can do a lot of stuff on there everyone wants to move there now and yeah that's going on on ethereum's front um so ethereum tried to do a similar rally so i'll still put ethereum into this little box right here so if um it broke past so what we saw on friday was it broke past some of its resistance at 1870 um 70 ish and it pushed up to 2000 um technically speaking like i kind of wanted to see this type of action where it drastically climbs another two three hundred dollars to 200 2300 but we didn't see that we saw some solid resistance at around two thousand dollars for ethereum so yet again i got the um you definitely saw the resistance there and then now this will become the next wall for ethereum to push up against but that being said of course i definitely see you know talking about e frame um potentially some people might have seen binance smart chain as a competitor right because it uses the same ethereum virtual machine developers can just directly copy paste their projects and move that to binance smart chain and we definitely saw a lot of activity transactional growth so a lot of people were kind of like especially a lot of people who are very big into ethereum were a little bit salty right i don't i definitely don't see this as a very competitive space i see like everything growing and there were facts for that too i think cz just retweeted let me just give you guys the facts for that um uh he tweeted this which is the ethereum transactions right transactions uh daily transactional chart for ethereum and the transactions per day on ethereum just has not stopped right in fact gas prices have not even dropped so whatever is happening with binance smart chain even though they can both use the ethereum virtual machine both they both use the same code base and you can switch between um your metamask between ethereum and uh binance smart chain even though it seems like that you know it might steal some of ethereum's users well ethereum users that would otherwise not spend would go on there so ethereum network itself i don't think is very affected and that that's a that's the truth for it and same thing with transaction costs if everyone's migrating over from ethereum to binance smart chain you would expect ethereum prices um or gas prices to drop but we're still at a hundred and a hundred plus guay and transaction costs are really high for example if you want to do a contract interaction if you want to trade on uniswap you're going to be between 25 dollars it's quite expensive that being said on binance smart chain this is kind of taking all the people who are using smaller transactions and this is why we see a lot more growth on binance smart chain in terms of yield farming that was huge right like i told you guys about egg finance um or not egg finance about egg or goose finance and that really took off right that was like a the new farming opportunity and it's good and bad right so i was talking about farming and how you can kind of potentially um a strategy for farming let me put this in perspective on why i'm talking about this on this channel at this current point of time so right now there's a lot more kind of new experimental projects going on on binance smart chain reason being is because it's so cheap to interact with it so a lot of people can participate and can get into this wave so what we're seeing is that almost that it's almost a food farming craze so if you guys remember back in the day um i was making around four months ago i was making a lot of videos about yield farming right um this was a new thing that was coming on and was a new way of for new projects to distribute coins and it turned out to give a few really big gems for example yfi um your finance that's the one big one that was um that distributed its initial coins via yield farming we also have sushi swap right sushi swap was also another very big yield farming project that really took off right and then we had a few disasters along the way as well if you guys remember yam finance um that was uh pretty bad the food craze we got noodle yam we got like it's like sushi sushi is another food anyway quite a quite a few right i can't name i'm actually quite hungry but like i'm thinking of other foods right now but during that time was a food farming craze and that craze was both good and bad obviously it was very profitable if you knew what you were doing but at the same time it created a lot of projects that really didn't pan out too well so i'm approaching this kind of with a little bit of caution as well um you know when i first thought food farming is coming back on binance smart chain i was like no there's just no way this can happen right we we really learned our lesson where people are trying to go and ape too fast in their projects but the reason why i feel like um kind of this food farming craze is also coming back on binance smart chain is because a lot of people didn't have the opportunity to farm when they when ethereum was going on i mean if you remember during that period of time it was costing around 20 to 50 dollars per transaction per contract interaction and that's just too much for most people right if you like if if you've been in crypto for a short amount of time and uh you know you don't have millions of dollars or hundreds of thousands of dollars it's actually really hard for farmers but right now with binance smart chain the way i see is that a lot of people they can interact with a contract either um you know unlock or stake or whatnot um it costs cents right so it now gave um farming to a large greater audience i think people are just starting to understand it and they were initially loving it so that's why we kind of see or that's kind of the theory of why all that food farming craze is back again but passing some of the experience over obviously i would just want to say i definitely want to preach safety a lot of people are jumping to farms and um they're putting their funds into contracts that are not audited and uh that could potentially have um back doors and that's we've seen a few of those so um a few of those were shared on the box mining telegram group uh that's box nation group and uh this is a closed group generally speaking we don't um have new people in reason being it was because it was kind of got too spammy but even in that group after sorting out through all the spam we still had found some rug pulls and some good projects so just be a little bit careful like it's a compare and contrast some sort of thing there were situations where people really got rug pulled and got all their funds stolen from contracts so just be a little bit careful there um that was some of experience coming from from the last wave and also speculation on the main currency so i'll talk a little bit about what yield farming i guess i thought you know why not so this is the second wave of yield farming here is what my take is right so usually with yield farming um i just farm um yield so if i have something like ethereum and it's on binance smart chain if you want to move eef on binance smart chain the best way to do it is just withdraw from binance onto binance smart chain but you're going to have wrapped eef or you're going to have wrapped btc or you're going to have wrapped usdt so this is for any spare funds i have lying around so if if i have like say dot i think a primary example for this would be dot if i have dot and it's just sitting around in my wallet and not doing anything obviously having some reward for it is good so this is where the apy comes in you just look at this you get like 400 apy but mind you there is a 4 deposit fee so we'll talk about that in a sec but you're going to get this reward in the form of egg tokens so you kind of get your egg tokens for free if you stake your dot tokens so this is kind of what i'm kind of more focused on uh which is basically any idle funds i have lying around i'll try to put find up like a suitable farm for it now that being said of course i don't go all in i'm in multiple farms and the reason why is because i'm spreading out my risk a little bit so i have i'm in egg i'm also in viking i'm also in wing i'm also in swiss borgs auto smart farm um and the rewards kind of are very different right so something for egg it's extremely experimental uh and you're going to get 200 and i'll talk about viking as well viking is even more insane it's kind of a direct copy carbon copy clone of egg and you get like a thousand percent or apy right which is just nuts um so that's when i'm not don't get too greedy i put a sector out something that i feel like i can risk like if i lose all of it that i'm farming with i'm fine i'm also in wing finance wing finance has generated me about a hundred percent unstable so it's nowhere near the thousands of percent but those are for funds i feel like it's a little bit safer right then i'm also in pancake bunny and pancake and all that stuff so yeah i'm farming a lot okay i'm farming i got a problem i got a problem um yeah i'm just like talking about it made me realize oh my god that's crazy and this is why i'm very busy all the time it's like i'm just trying to find a place for my funds to go and to kind of reduce the amount of risk and exposure but at the same time the reason why i'm talking about it is it's because this is one of the craziest spaces there like um there's a lot of just free money like the way i see it all right like yet again it's not for everyone not financial advice the way i see it's like there's like a free buffet right now yes i'm very hungry all right let's just bear with me for this analogy it's a free buffet all right you know it's like almost like costco if you're asian you'll know right you go to costco and there's like this free food like the free sampler section right you go there you just go around every little corner you just take a little bit of sample from everything right that's that's like a free buffet right that's like a free asian buffet if you're poor uh so yeah so it's like going to costco going to every sample oh you got a steak delicious oh i love that steak oh salmon over there oh be right back let me check the salmon counter salmon's great all right egg oh yeah this egg thing looks great fabulous all right um but uh for me all right one of the things i do not do is i typically don't buy the actual currency right so i don't actually so this is where yet again i was like this has a lot of exposure right so if you're talking about the viking or the egg or people like are speculating on that i don't really speculate on that but i rather just get it for free right like um i stake it get it for free so that kind of makes i hope that makes a little bit more sense and then um the the last thing of course is just um there's a um thing about this which is um typically speaking there'll be farms that have um the egg and the busd or in the case of viking with um the viking busd uh typically speaking i don't farm that it depends on which phase the projects in like these rewards sometimes are insane right this is like 11 000 this is like crazy right like if you divide that by per day divide by 365 you're getting at 30 per day so this is where it gets a lot more risky um sometimes i jump into that sometimes i don't but i've always always always manage my risks with that so for some of them like if i've audit the code if i think that i'm still early in this and i can get and the price will still hold steady i'm okay with going into a little bit of that but it's always like a lot of people get drawn by the little shiny lights and that should tell you something that should tell you you should be extra extra careful right large numbers these shiny lights you should be very very careful i'm very cautious when i do this sometimes i go it sometimes i don't do it um but you know i'm always a winner right because i got my free viking so anyways um that's my two cents there the good news and why i'm much more confident about talking about this is because goose has just got their audit report back from surdicate so their contracts for at least these pools are safe which kind of explains why there is around um 132 million dollars deposited into goose at this current point and of course um vikings forked the code from goose so like um it kind of inherited the same properties the same code base so i guess it kind of is semi-audited by default already uh we did a comparison on the box mining nation telegram group it seems to be pretty much the same code yet again like just be cautious all right be cautious like none of this is official none of this is real no warranty no warranty is provided here all right but because tvl is a little bit lower on viking the rewards are a little bit higher on that ad so yet again um did a little bit of migration but not full migration to um to viking so that's kind of the situation but farming is definitely back um it's kind of all crazy and stuff and i don't know um well i'll have to see how it goes i mean i see the opportunity um i'll definitely talk about the opportunity so you guys know that the it's out there but yet again it's also highly risky so anyways um crypto driver says just ask yourself one question do you trust a chinese business bsc right um okay it's gonna be hard um i think yet again i don't really want to bring the racial stuff there i don't think that really makes too much sense um but something that's interesting is that bsc is expanding so initially um bsc is very very centralized right so i don't think they make any um any they don't pretend that it's gonna be a decentralized um fully decentralized fully open network at this current point in time all right so the number of nodes is small and is largely owned by binance at this current point but i think they're making plans to expand it but it's never going to be the same level of ethereum right ethereum is like anyone can mine it and with ethereum 2.0 we've shown you guys how to make a node anyone can make a node on ethereum 2.0 and there's already tens of thousands of nodes already running eve 2.0 with a lot of miners on the back end for what's happening with eth 1.0 right now so it's never going to be as decentralized but at the same time it's providing this alternate ecosystem for people to try um you know you can phrase things very poorly i think i'm going to refrain from saying this but like at certain points it almost feels like um it's like an alternative slash a test net for um ethereum almost right i think people are going to get angry at me for saying that but because you can be a lot more experimental on binance smart chain because the transactions are much cheaper it's actually much easier for programmers to deploy a contract right because andre if you look at um the creator of yearn finance he spent literally ten thousand dollars deploying a single contract and it's just not a fertile ground for developers to go there so i see binance smart chain being a kind of slight alternative um and it's definitely got trade-offs all right it's much faster but comes at a cost right a cost to decentralization and i see different applications needing different things say for example if you're doing a social app right if you're doing social app and you you don't need full-on decentralization because at the end of the day you control the social network in the first place so in that case why not use something that is faster and cheaper if you want full decentralization like you want to change a new financial world you want to make an exchange that's going to rival um nasdaq or something that that's um handling transactions you have people around the world collaborating and you are completely afraid of one even even a conglomerate trying to take over network then that's where ethereum comes into play right so yeah this year i feel like there's definitely a lot of tribalism going on with all these like blockchains and talking about all trust and distrust um yeah i don't i'm not too concerned about binance being chinese i think let's just leave the racial stuff out of there i think binance is pretty decentralized at this current point uh yes the the founder is chinese all right i'm chinese but it doesn't mean that we're all the same people and we all have the same mindset and we're going to rule the world right that's i think that's pretty abundantly clear by now i think that's just racism um but uh the more concern is that binance has fewer nodes it's not fully open yet to the public that's probably the bigger concern for binance marching at that point we got jeff jeff kardakis coming in welcome jeff welcome jeff full degen mode on that farming yes full degen mode um but it's been super good all right it's it's it's all right i'm gonna have to see my punchable evil face is coming in right now punchable evil face like it's it was good it was i was free food right it's like you go to costco you get some free food all right that's what i'm saying i'm just saying i'm saying uh drip king says we don't like chinese all right calm down calm down calm down all right we're all we're all people we're all people all right um so classic food says thoughts on viking finance so yet again with these projects um yet again while um the code base is similar to goose that's why i'm okay with farming it um because the goose code is not um you know toxic but um long term who knows right long term who knows um with these things i hope the team the team is doing super well right now in terms of their communication in terms of their announcements but long term who the hell knows right this is yet again i'm there for the free food um i i can tell you the free food is great i love the free food it's like i got some free samplers for like a big steak and awesome some hearty meal there going on but yeah um dripping says i was joking oh well um all right here and uh aloisha petrov says we like the free food just be careful like yet again it's it's really hard a lot of people are asking how do you audit these contracts and stuff i don't personally fully audit there's just so much code going on that i personally don't fully audit this i usually ask one or two programmer friends to take a general look at it but they're not going to stick their name down i'm not going to put my name down to to to confirm if anything is safe or not all right that's kind of um that sense there all right let's go for the news all right that's enough about degen farming um that is going to be fun um yeah let's let's go get started on everything else so news front there is actually quite a lot going on first of all nfts are like the current craze right now right so non-fungible tokens they're used being used to represent art this is just insane this just blew my mind so nyan cat right we all know nyan cat right this is the the me me me me that they're really they're a really high-pitched cat that makes music right the the artist for this all right you guys definitely know how bad i'm at at uh singing now but um the artist for this made the first nft for nyan cat and it sold for 300 eef like this guy can retire right now right six five hundred and ninety thousand dollars holy crap that is a lot i mean all right this is a point where you know i made snarking comments in the past right i've been really snarking comments i said look what is the point of owning this nft you can just download this gif image right if it's a gif image cool i can download it for free um put it on my mobile phone that's great but but but but but i think people like supporting artists you know like like i don't know why they're spending that much money i think also there's a lot of people who made a lot of eef and i just want to like they want the scene to succeed so i think there's a bit of that as well where they just put their money in there's also like i have to i have to put a grain of salt onto every news i read as well right now because right now because of the way the network is open there's no way of preventing even founders from buying their own things um to kind of increase the perceived value of their products so just just take the grain but i do see a lot of excitement for this so yet again i don't know how much of it's real how much is fake um that's that's a discussion for another time but i'm very very happy like if this guy really did make 300 eef from selling his gif like just selling his art image um congrats to you sir congrats to you i think you can retire by now um good job good job good job so definitely that excitement's coming in starting with this digital art um but yeah more to come on the other thing as well there was a fake banksy so apparently a fake banksy sold for one million dollars apparently it was not real all right so apparently they claimed that it was a real banksy but it turned out to be fake and some guy spent a million dollars on it um yeah um so they did the due due diligence and they they got the real reply from banksy um it's apparently not real so someone they spent a lot of money on a fake but now they're like oh i don't mind um you know i'm the proud owner of a fake banks banksy but an original prank by banksy ha ha ha i'm not really sure you know not really sure how about what that means but hey you know what if you're happy with your purchase i'm happy for you bro um that being said last thing about nfts i just combined all that um in one go um logan paul raises 3.5 million in one day from nft sales holy crap congrats logan congrats um yeah that's that's apparently a thing now right now so yeah it's very big there's a lot of action going on in nftc and if you're going to clubhouse you know everyone's talking about that every day there's also going to be upcoming projects that um i'm actually kind of um advising and working with in the nft space i feel like there's a lot of things to explore like i i approach this with a little bit of caution i think there's a lot of excitement like all this news is generate excitement millions of dollars being traded but you know how do you generate long-term value for nfts is becoming a problem like right now because it's the hottest thing sure great but once this fad is over it's like you're it's like you're like you don't want this to be the tune-up craze right um everyone's talking about that you know bitcoin is a tune-up craze it's not it has the actual value how do you give nfts actual value is now becoming something that i'm actively looking at and you know that's that's going to be the next big thing i think that's um yeah jonah says dude could have just gone to deviant but i think that's not the whole message i think i'm i'm i definitely will give it to people for supporting artists i think that argument really does come in i mean if you think about it um the way these big conglomerates work especially like i've been working in a video game space and uh you know the artists that who made particular models and made particular character designs should get some credit um i was looking at the documentary on the luxe character from league of legends she's becoming one of the popular characters and it was designed by an artist called soraya um and you know how much credit should we give the artist like we're playing these video games we're getting involved with these characters if you want to support the artist you know how do we give them recognition and i think nfts is a very good way of doing that so it's not just like i feel like for these people who are buying nfts like i would never spend 300 on an object like that like i'm like i'm morally opposed to that but i do understand why some people want to support artists and i think that's good for both the artists and for the person who is happy to support them so um i think that's what nfts are going to be about it's not just about the image um but the value obviously i think is a little bit too much right now that's too overinflated i'm i'm highly skeptical about all these numbers i'm reading on these major news websites the reason why is because these major news websites just want to publish the news but they don't want to do the due diligence behind whether these objects are really being sold out or is it wash trading or is it just a fake bid right i mean hypothetically speaking i can issue out a box money nft and i can spend a thousand if buying my box money my own box money nft right at the end of the day that means there's a transaction for that so you can see it publicly on the blockchain that this happens you can send that to news articles and websites as possible but the problem here is that um i spent next to nothing on that because you know the money that i bought spent buying my own nft goes straight to me right so anyways um that's kind of my thought on that like you have to be very careful and how do you prove and disprove that you know like that's going to be hard um i can even make a fake twitter account say oh i'm so happy buying the box mining nft for a thousand eve ha ha ha right i can make a fake one a fake profile and and claim that this is real so doing due diligence is near impossible at this current point so i'll take it everything with a grain of salt but i do and i have spoken to a lot of people who do buy nfts right people who buy like ivan's big boy pants and in fact i've issued out nfts in the past like the pirate box money all the way back in 2018 um on the engine um platform i've issued those out and people do buy and collect them and i'm really happy like i collect my own ones right and i collect other people's ones but like i kind of spend roughly around 60 dollars at max for an nft but i will never go for like 60 if you guys want to be anyways um dyson and our our bosses i'm selling that merch you're wearing so i guess it's kind of related to this i kind of comment so i have box mining merch i have um anti-social crypto club merch we just gave them out i didn't really want to make a business out of it or anything i don't felt like it was not a good like um use my time at this current point i do want to give you guys stuff that's why i was like i bought a lot and i just gave it out to people so if you guys want to do more giveaways for shirts i still have a little bit that i've ordered before so if you guys want that just comment below we'll do more giveaways in the future um with that too um uh yeah barra says it's called show bidding oh well okay let's move on to more news let's just cover everything here we got peter uh elon must explain to peter shift what money is um i mean i don't even know why people follow this but people do so anyways we know elon bought bitcoin you also know that peter shift he didn't buy bitcoin um he in fact said bitcoin was a scam i believed him in 2012 and sold my bitcoin at 15 so if you can sue someone for that like i guess like you can't sue people for selling like we should be able to sue people like that right then he would shut the hell up right doesn't that make any sense all right cool cool um bitcoin is more expensive than a kilogram of gold now congrats thank you peter um peter said it was going to go to zero it's not lol lol lol lol um okay blockchain uh tech will bridge the gap between dApps and enterprises so a lot of talk i mean i think this is common knowledge by now we explored that a lot and i definitely see that going on right yet again I feel like cool cool story we also have the daily hodl they're shilling dot so Goldman Sachs JP Morgan reportedly buying exposure to one crypto asset and it's not Ethereum it's polka dot all right so I just kind of filled the article for you guys that's kind of interesting not really but on that front yeah so so there's definitely a lot of ecosystem going on in the whole cryptocurrency space I think it's abundantly clear by now that Bitcoin is rapidly becoming a new form of currency but at the same time we can use that same decentralized concepts to create these kind of smart contract platforms so Ethereum that kind of demonstrated how powerful it can be polka dot coming up I think there's a lot of hype in polka dot I own dot now like yeah I learned my lesson there's a lot of hype on there and I'm gonna make some videos on it the quick bit about polka dot is that polka dot you can build your own blockchain with it right so Ethereum is a single blockchain well it kind of kind of two is Ethereum 1.0 and Ethereum 2.0 but 2.0 is being built as a 2BA but Ethereum is a single blockchain and it gets congested right it's like a city right you go in a city a lot of people there streets gets jammed up nothing moves and if it does move it's very expensive right polka dot is a little bit different polka dot allows people to build their own parachain so you can build your own blockchain and then it's kind of having your own city right instead of being in if you're building an application instead of being in someone else's city you're in your own city and then what dot functions is that's the kind of the mega highway that connects all the blockchains together so it's like everyone can have their own chain and then everyone can connect to each other but why polka dot is being the price has been driven up a lot right now is because there's official chains right so they're auctioning off these slots for what's going to be kind of the network and you need to stake a certain amount of dot to in order to become the official ones right the quote-unquote official ones so it's like you're linking up the major cities together and to to have the official link you got to have a certain amount of dot and the kind of the current situation right now is that every project that raised um for polka dot paratrain they need to get enough dot in order to to get a slot right now so it's kind of crazy i've been looking at that dynamic as well it's a little bit insane but you know that's people people are like kusama people also pumping people all the dgen defy going to kusama kusama is like the test net for polka dot it's in fact it's actually the public test net for polka dot uh why people love it i don't know because it's a test net but i think uh you know it's kind of funny i talked to some people before right some people doing financial applications and you know they'll they'll take a look at kusama and be like oh it's a test net so if it fails my financial application is going to fail so i need to go on polka dot but then i think yet again i think the argument can same argument can go if it's not a financial application if it's like a social application or something that's not it doesn't it's not holding trillion if it's not designed to hold trillions of dollars of value it's just holding someone's tokens on a network and the network goes down for three hours it's not going to kill them right maybe that's kind of the role for kusama in the space so there you go we got jason will say dot is a beast it is a beast all right get some water so i've got privacy like for me personally i've been trying to rest a little bit better nowadays um yeah it's oh man last weekend was just too crazy right um i think crypto moved up so much that like i was spending pretty much only like four or five hours sleeping every day and i finally caught up on some sleep this weekend so finally finally it's good so yeah i think i hope you guys are doing well as well tell me if you guys are like going ape on everything um yeah some other stuff as well we got fractal throws right let me see fractal was there so i think let me check what's happening so fractal is doing a token launch very very soon they are doing their free the web discussion so they have so fractal is a new project i've been researching up a lot over the past few days i've actually talked a lot with the team as well so yet again they're doing a launch on the february the 25th and also they're doing a event as well on the 23rd so if you guys are interested in learning a little bit about fractal and how to save the free web uh check that out it's coming up on february the 23rd which is tomorrow i also want to say you know i promise you guys one more thing which is uh let's see the mask ito so this is a completely unrelated subject but some free alpha for you guys um if you guys have a twitter account you can claim your mask so this was something that was shared to me this morning so just be very very careful like i haven't audited everything obviously no warranties provided here but if you have your mask extension on your browser which i just downloaded it's here uh if you have that on your browser you can uh claim some free tokens the free mask tokens um using the ito so you can just follow the instructions here just search mask ito it's an initial twitter offering so you need to show some stuff obviously for them but it's uh but you can all be able to claim some free free ito and i think there's like three phases for this so just check out the dates um why i'm saying this now is because um so the funny thing is why why i'm willing to share this is because some chinese people came to me and be like they're like oh how do i make twitter accounts i need to get in on this right now like right freaking now so yeah so if you guys already just have a twitter account you guys don't have to go fast the firewall or something to make a twitter account um just check out the mask ito um they're going to give you guys an airdrop it just seems to be like free alpha at this point if you're always worried like um sometimes i'm worried about installing browser extensions that is why i have many laptops um it just you can just put it on an isolated system and that goes forward or you know should be fine anyways um that's pretty much uh what i wanted to talk about for today um yeah let's just do chats uh cross canada says i'm so worried about eve price why are you worried man why are you worried i mean you're already up right regardless i think i think i almost had that fear as well like um right before chinese new year because historically chinese new year was a dump and i still have like that ptsd memory from 2018 where cryptocurrencies prices really just collapsed after chinese new year right so i was a little bit afraid but i took a long while to think about it for me personally uh what makes sense is that like i'm up so much right like even if i lose 50 now i'm still up right and i guess that's one way i can kind of convince myself to fall asleep um obviously it doesn't apply to everyone right that's like if you recently got into crypto this is where the strategy changes depending on your entry price almost um but for me i'm happy to have the exposure to eve obviously it's so much easier for me to say it right because i've been preaching about eve for a long time i'm telling people you'll get eve and it was like 120 dollars right um telling people and people who listen to me are super happy right now obviously they got the principal back and they'll be fine to sleep at night but at the same time i have a huge eve exposure right now um like i don't know i don't i don't really see this ecosystem going anywhere though to be honest um the applications will be built but whether or not eve itself um you know then you go for this philosophical armaments right whether or not eve compile eve itself will be used or the native tokens of the platform will be used in the gas theory and all that stuff but honestly for me i'm just kind of happy to be in this space i feel like the the amount of innovation on eve and on every platform is super high so i guess that's my justification how i can sleep at night but yeah it's um it's hard um i have a binance account from your inspiration nice nice if you guys are interested in exchanges so i haven't made an exchange video i think i've been falling behind a lot on videos to be honest um recently i've been focused a lot more on the investing side so kind of like towards the last few months i put investing first and youtube second so apologies to everyone for being a little bit late on content i will try to update people as much as possible on findings i do have and share the knowledge i think that's that's kind of the purpose of this channel um i know a lot of youtubers they're just making youtube for youtube right and uh you know i i wanted to do that but at the same time the opportunity to invest in the space is just too great i'd rather be on i'd rather be the best investor and a second tier youtuber rather than a first tier really charismatic youtuber but a second tier investor if you get what i mean like i want to know everything that's going on um i want to be on top of the the knowledge game because something that really inspired me was when people talked about the dot-com boom right the people who um you know dot-com boom i think there was a lot of retail that got screwed over by something like pets.com etc but people who were internally inside the industry right people who are insiders in that industry knew exactly what was going on right so they're the likelihood that they managed to find the right company and had the conviction to buy companies during the bust you know that's when they bought amazon for cheap right that's when they bought google for cheap right this is when they bought apple for cheap right the people who knew what was up in the industry stood a significant advantage right and this is what i'm trying to do i'm trying to get as much knowledge as possible in the industry and talk to the right people in the space um and also ask them the right questions too i've been fine-tuning my questions and um it's been really fun like for example you talk to some people my favorite trick now is i throw be nice for like three questions and i throw a super ugly question at them and i see how they respond you know people who are good innovators they're able to to detect a little bit of aggression but don't counter with aggression right if you see someone who is questioning you very aggressively they have ways to kind of either deflect or kind of um something i know i've noticed with some really really strong um performers in the space they use your question against you and those are the people that i am willing to invest into right those are the people who do kind of lean in an aggressive question and just push that back and uh really strengthen the product and that's really strong like the other one that's very interesting was um i had a conversation with this is just kind of funny off topic right so i have a conversation with um sandeep of matic slash polygon that's a very interesting conversation because i kind of noticed that i was trying to probe what he understands and what he doesn't understand and he was doing the same thing about me very very interesting right like um the way to do it is you ask a question and you keep asking very deep into that particular topic right whether it's about like say optimistic rollouts right if we're talking about layer two skilling and optimistic rollouts and you go very very deep into the mechanics when's the exit time how does that work you know how does this um compare to other um zk rollups and you can go super super deep and see how much they know right because it's very very hard to bs during a live call and i can see him doing the same thing about me like he would ask he would try to ask questions i would try to let him understand how much i knew about a particular subject and this is why you need to do your homework kids right because then at least you know and um that was very interesting i found that was very interesting i think he's a very very like yet again i'm i'm not gonna say i'm a sandeep fan but i actually really like that guy like that guy knows what he like that guy's knows a lot about tech he's very very um open to suggestions and ideas um i think there's a lot that's going on there but yet again um there we go so yeah very very big kudos to that so let's um um got people saying lena is a gem we got superman i hardly sleep welcome back superman so yeah guys superman guess check out his channel so all right this is the shitty thing about youtube right and this is why youtuber people like this community needs to stick together because superman got his main channel banned it's like what the hell um so anyways he's making a new channel is a new superman this is the new superman's channel guys subscribe to his channel guys let me put the link up here um this is just bs right youtube banned his main channel i mean like he is like i think what's the thing good about superman he makes things super easy for people to understand right i think that's something super cool so guys get into him like he's much more exciting than me much more charismatic um i have like zero charisma i have the charisma of a potato all right compared to this guy so okay guys check out superman uh check out his new channel subscribe to that if you can um like he's rebuilding from scratch and that takes a lot of courage right that's a lot of respect for me because like i was constantly afraid of getting my channel banned right this is something that's you know you start youtube right back in the day i relied on youtube right like that was i relied on donations i relied on youtube i had some affiliate codes i was like okay here's some affiliate codes and you know at that time i didn't have much in crypto right very different time from now but i was so paranoid right i love this community too like i don't want to see this community get wiped out luckily for us for us all here you know um like we have the telegram group you know i i don't i don't lose sleep on this youtube thing but what youtube did to superman's channel that they just cut his live stream off and it's deleted his channel that's total bs but anyways he's back he's got a new channel and we're trying to get his old channel back so yeah like make sure that happens guys um yeah that's pretty much it so yeah welcome super welcome welcome welcome welcome um so yeah check us your stuff uh we have um box box money look at uh quick swap i'll try to look at as much stuff as possible to be honest um i'm so overwhelmed i'm recently like i said i think my focus has been on a few set projects a lot of people are asking me about finnex flow interview coming soon um fxf um dow maker is doing some really big moves the duck guys are doing some crazy moves too my god there's uh there's a lot to look at there's a lot to look at like i i take a look at the amount of stuff i want to talk about and i just sigh i'm like oh my god how can i can i just like can i clone myself please um that would be the the best but um yet mike zemm says how can you support him box dude i think there's so much hate on youtube like i think a lot of people love and hate suple like um like he obviously talked about a lot of coins but at the same time you try to think about this way right like as a content creator you have to create content and uh like i don't know like i think there's a big difference like i think um like on ian bolina's side he actually ran books and there were certain times at which he was caught to be dishonest about certain things but i think superman didn't lie to people i think he was just genuinely excited about a few certain projects some went well some didn't but you know like this is how you should view youtube right like as a person who watches the space and comments like i definitely got a lot of hate in 2019 like a lot of people think box mining is a scammer 2018 same thing in 2020 and that's because people lost money right um but you're bound to lose money in this space like this this market you're bound to lose money like there's going to be certain projects that turn out to be complete scams or not even scams they just fail right what if they just completely failed their idea just didn't work and a lot of people think that's a scam but sometimes it's just a failure and that's happens in the kind of vc space right if you're gonna try and i've seen a lot of people you know a lot of people in crypto they're moving themselves and becoming vcs if you're gonna be a vc you got to do your own research right and i kind of see youtube as a starting point for a lot of research but it should definitely not be the end point of research um so i'll leave it at that i think a lot of people they blame youtubers unnecessarily and classify all youtubers to be the same thing and i definitely have a lot of hate from that like um like that was relatively unpleasant to say the least but um you know move past that so anyways um that's pretty much it um uh let's see suppo is the man okay we have um anthony does yt's white box money what is anthony's channel explode but not yours is um but yours yours is the same i think we're actually growing quite aggressively i think i need to do a little bit more content ivan's been doing a lot more content than i have um and that's good for him i'm happy for him i'm super super happy for him so yet again i think i'll do a little bit more content but yet again i don't like i had a lot of like ideological thought about youtube and how i want to position myself like this year i've been doing a lot of stuff behind the scenes as well helping out genesis block ventures um on the venture side of things um that's been a bigger focus so like i said i'm more of a investor first and youtuber second and the fact that i'm still growing is really happy uh i will spend some more time on youtube i think like i definitely like something like a business manager here or something that'll probably make the most sense where you kind of optimize all your search words and keywords and all that stuff i haven't been doing it like if you look at my thumbnails they look boring af um very soon guys very soon i'll i'll um i'll go there respect the pump guys respect the pump so yeah so i think i'm definitely less charismatic than ivan too i think i just want to point that out um like i said i have a charisma of a potato so it's all right all right okay cool um uh oh superman recommend ethos in 2017 which is now voyager oh i didn't know voyager is a rebrand of ethos ah interesting interesting interesting interesting anyways um believe for those are you being held hostage no i'm not um crypto gardeners is curious how much money you make from youtube channels nothing like less than a few hours of farm i would say like um like it's to a point i don't even bother looking at it like i get um ad revenue and i get affiliate revenue so i think affiliate revenue is probably higher uh than the ad revenue because like i feel bad for youtubers like i watch a lot of people like i watch potato jet i watch linus tech tips and they make a good business out of youtube and they have sponsor sections um they put a lot that that's where the money comes right like that's where like 60 70 percent of your money can come from sponsor sections um but for me not so much like like honestly if i can just farm every day i would um it makes a lot more money for me personally um if you guys were in you know viking egg you'll probably understand uh it's just crazy right you just click button and money comes in and you're like what the hell is happening right um so yeah youtube is like it's not even like it's like less probably less than one percent it's to a point i don't care but i do like the community i do like sharing some thoughts and i think the community really helped me along the way as well um 2017 i made a lot of mistakes like 2012 was when i made a lot of mistakes right i was in mongox i was in um like i sold my bitcoin at 15 dollars i made all these mistakes right i even used like some defunct wallets like install wallet and stuff i just didn't know the risks but when i started my youtube channel this was when everyone kind of just pulled together and you can definitely see that now as well like um there's actually uh a box degen farmer uh telegram i just found out about that apparently some guy made it and they did tracked all these farms and like together you're stronger right and that's mainly why the community really matters to me is because like um like i don't have time to do all this research but if i have enough time if the community the community definitely taught me a lot of things going into crypto and it's continuously doing that now so like that's kind of the reason why this youtube channel is like i'm still putting a lot of effort in it and i definitely would appreciate you guys smash up those likes guys you guys click that subscribe button click the notification bell it really does help i just want to hope you could update you guys on what's new and what's like the kind of at the edge i feel like that's kind of my role um now in this space where i'm more of like what's happening on the edge what's um what are the new things i feel like a lot of people who have been in 2017 and they're just in bitcoin but they don't know the amount of innovation that's happening in this space that's kind of the way i'm going to take it i'll probably do a little bit more beginner content i think those always worked well in the past like tutorials but i haven't done those for like months now so that's kind of fair um i just may need to make short contents um cynic since is um you know ironically short content actually is harder to make than longer content like if i rent right now and i want to just cut myself to a shorter video like um because i can cut videos and stuff right i'm using premiere and all that stuff that takes a lot of time that takes a lot of time so that's why most of the channel now has been on live content i know the episodes are very long there's also box mining clips we do actually have someone who cuts clips for us um box mining box mining clips um on that side so yeah so if you guys are interested in just little clips and little snippets of what's going on just subscribe to this one as a it's a new project that kind of started out and uh yeah that's that's completely not me right that's not that's like i'm hands off for that like i don't i don't help optimize that but if you guys want to check it out check it out but it takes clips from these live streams and we make it into something cool so anyways tell me how that goes tell me the feedback um i'll definitely figure out how to make this like more efficient for my time um there we go so amfx says to be honest do we think bitcoin is ever going to 100 dude 100k really only you're doubting that come on come on come on come on amfx come on come on like imagine being back in 20 12 right i think people are like will bitcoin ever go to a thousand like it's ten dollars right now right but peter schiffson's gonna go to zero do people do people really think it's gonna like come on come on come on anyways all right i think that's pretty much it um for today's episodes oh cool we got linus l usd just got listed on bitmax oh that's pretty cool um so l usd is like s usd so linear is a um symphetic assets trading platform so you can create your own synthetic asset just like how dye is created based on eef they can mint and create new assets and they have their own l usd so that's a linear usd so it's a synthetic version of the usd and it just got listed on bitmax that's really good that's that's very aggressive of them so there um nick mayo also says 100k is a noob target absolutely if like if i'm here just for 100k like what am i doing with my time right like like why do i even have bitcoin but yeah um michael lewis's bitcoin was 22 dollars um btc really i mean it rose quite aggressively in 2012 i think when i mined bitcoin it was 10 that was the figure i remember um there we go so goose got audited today yeah i talked about that um that means the contracts themselves are um are safe at least insert a case eyes um and it means you can deposit there so anyways there you go um we got banar macarius a live stream of three supo um box money and ivan would be amazing that would be crazy like that's back to the old times it's kind of funny right back in the time i think it's very easy for us to all just like iron down a time and create content together but nowadays i feel like man i don't have any time right like i feel like between managing but my bags on your farming like your farming took up a huge chunk of my time to be honest um i'm glad and i'm happy and sad this is this this is the case um i'm happy because i'm generating huge amount of passive income but at the same time uh managing bags every day is quite hard like just migrating farms or doing the math um doing like excel spreadsheets of like how much risk i'm kind of exposed to how much i should do it it's just it's not easy right and yeah there you go so that's pretty much it um uh for my time uh smart skill wrestling says i i have ptsd from 2018 bitcoin can talk anytime nice nice nice marks um i'm gonna add moderators to people by the way um try to get people on this channel michael liu as adjun mod um i hope to just make more content with a larger community i think that's probably the way to handle things um add to moderator super message this is why i also do live streams short videos are too much effort absolutely like live streams from my perspective like absolutely i think people who live stream understand this like i can prepare the content it maybe takes half an hour one hour um and prepare the content and go through a live stream and it'll be done like it's a one hour live stream so two hours of my time but if i do a short video a short video takes like say an hour to record because you want to um oh wow my video just died yeah but anyways that's a sign give me a sec let me restore my video all right so i'm getting my video back it's um yeah there we go so my battery just all right so my battery just ran out um it's one of those batteries it's like an hour right so yeah so yeah live streams is much easier if you make a video i actually really don't like editing myself like when i watch myself i'm like so like you always realize your mistakes right like every time i make a short video and obviously there's going to be mistakes in there right and like you notice all the mistakes first right and sometimes you can't change it sometimes you're like oh man i i want to change and go back in time and like i mispronounced a word right i'm like when you watch a video as a self especially if you're very self-conscious you'll hate yourself it's such a weird phenomenon but like when you watch yourself and you're editing a video you probably have to watch the same video three to four times just to get the right cuts and i hate it i hate it i hate it like i i i'm i'm glad for the last two weeks i have not edited videos with myself but i'll try to produce more short form content and just make that right um for you guys so anyways um that's pretty much it um why does the market market dumps is julio on weekends in fact if you're talking about market dumps a lot of times bloody mondays are a phenomenon but we don't see that right now like we see a little bit of blood like you know ethereum's down to 1 800 today on us on a monday um but it's not too aggressive it's not too aggressive and that's something that we're being missing right bloody mondays and bloody fridays tend to be the thing and sometimes it's just fear that the markets opening or closing um especially if institutional investors are involved um this is when markets can open up especially right now asian markets are up and american markets are going to be up in around 12 hours or so so um yeah sometimes this happens but because we're not dipping that's actually a good sign so like you're kind of saying oh if i'm missing like at this point i'm like if i don't see a massive dump on monday that's usually a good sign for me but you know that's pretty much it anyways guys thank you guys so much for watching today's video make sure you guys splash up the like button and uh yeah um yeah smash those like buttons up check out all the stuff that's coming out i will try to make more stuff going on and if yeah if you come in drop by have a chat on the box nation telegram group we'll try to open that up soon so if you guys want an invite or something yeah just comment down below we'll try to get everyone on board um i want to say a big thank you to all the members of the channel people ask me you know how much money do i make i think we have like three like maybe like i say like 500 members by now i don't know i haven't counted recently but they provide like two dollars each um um and some of the mega whales provide 20 dollars each so it's been pretty good so i want to thank everyone who is a member of the channel if you guys aren't members do consider joining you get some free perks um and yeah some free content so anyways uh bill shane shannon says it's been a year since i tuned in audio much improved thank you thank you thank you been trying been trying not an like coming into crypto i didn't know how to make videos right i learned premiere from scratch i learned audio i learned video i'm not the best obviously but i do try i do try to learn it's um it's part of my philosophy like i came from a science background so not a video background i came from like solid solid science chemistry um very hardcore stuff um but throughout the years i mean learning about crypto learning about venture capital learning about video making i always do try to make it so thank you i definitely appreciate that feedback um obviously this place is actually really loud so um i have to thank nvidia for that like if you don't hear any background sounds and stuff like i'm clapping but you probably don't hear that that's because of nvidia broadcast that actually helps um getting out the background sound but anyways guys thank you all so much thank for the community mods as well um dan broncos is congrats in making everyone in making money congrats too if you're following this channel i want definitely this this few months is all about outperforming the market the market is performing super well but can you outperform it can you take it to the next level that has been for me a key focus so i hope you guys can join in and chime in some of your thoughts as well and with that guys thank you guys so much for watching see you guys next time i like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem 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 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 Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.