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Bitcoin OVER $20,000!!! CELEBRATION

Channel

Boxmining

over 4 years ago

Score: 900

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

Bitcoin has finally surpassed the $20,000 mark, a monumental achievement that the crypto community has been anticipating for a long time. This significant breakout is sending ripples throughout the entire crypto market, with altcoins also experiencing substantial gains and indicating a potential altcoin season. While the excitement is immense, the focus remains on strategic, unemotional decision-making, leveraging the growing opportunities in DeFi, and prioritizing asset security through self-custody.

Here’s a breakdown of the key discussions and insights from the video:

  • Bitcoin's Explosive Breakout: Bitcoin didn't just touch $20,000; it soared past it with a sudden, powerful surge across almost all exchanges. This isn't just a number; it feels like a new chapter, breaking a long-standing psychological resistance that held back the 2017 bull run. The presenter feels a huge wave of excitement but also stresses the importance of staying calm and making logical trading decisions, recalling the emotional toll of the bear market in 2018-2019. A major relief was that the long-feared Mount Gox coin dump on December 15th didn't happen, removing a significant potential sell-off pressure and allowing renewed interest in Bitcoin. This run feels different from 2017 because the public excitement isn't at a fever pitch yet, suggesting less risk of an immediate, massive crash. From a fundamental perspective, Bitcoin's decentralized nature and resistance to censorship are increasingly valued, especially given global trade tensions and the rampant printing of fiat currency, making it a critical asset for long-term holders.

  • Altcoins Riding the Wave: The "rising tide lifts all boats" saying is playing out perfectly in the crypto market. Ethereum, Ripple (XRP), and many other altcoins are showing impressive gains. Ethereum, for example, was up almost 4%, while Ripple saw a 10% jump. The overall market is overwhelmingly green, which points to the highly anticipated "altcoin season" being on the horizon. Many projects, including UMA, Bancor, SwissBorg, Zilliqa, Theta Network, Balancer, and specific ones like Cyberfly, are showing strong performance.

  • Ethereum's Progress and Gas Woes: Ethereum has broken past $600 again, creating a new trading channel with strong resistance around $620-$630 and support at $500. While this is great news for ETH, the ongoing issue of incredibly high gas fees (around 226 gwei, making transactions cost about $5 on average) is a major pain point. As a workaround for cheaper Tether (USDT) transfers, a pro tip is to use the Tron network version of USDT instead of the ERC20 (Ethereum) version, which is significantly cheaper. Despite the cost, the high gas fees are actually a sign of massive network activity and usage, which is bullish for Ethereum's long-term prospects. Upcoming solutions like Ethereum 2.0 and zk-rollups are expected to alleviate these congestion issues. The presenter personally holds a significant amount of Ethereum, seeing it as a core part of their portfolio alongside Bitcoin.

  • Diving Deep into DeFi and Yield Farming: The presenter is heavily involved in DeFi yield farming, actively "min-maxing" strategies to generate passive income. For instance, by "folding" (a complex process involving depositing stablecoins, borrowing other stablecoins, and redepositing) on platforms like Wing Finance, it’s possible to push annual percentage yields (APY) from a base of 36% to roughly 55%. These returns significantly outperform traditional bank deposits, which offer "next to nothing." While centralized platforms like Celsius offer decent rates (e.g., 13% on USDC), manual DeFi farming can yield much higher, though it comes with more complexity and risk of hacks if not done carefully. A key benefit of DeFi is that users maintain control of their private keys, reducing reliance on centralized exchanges. Exploring DeFi is highly recommended, as it often provides lucrative "airdrops" (free tokens), like the 400 UNI tokens distributed by Uniswap to early users, which were worth over $1,000 at the time.

  • The Crucial Importance of Security and Self-Custody: Lessons from past hacks like Mount Gox underscore the critical importance of not trusting exchanges with all your funds. The recent $8 million hack of Nexus Mutual's creator serves as a fresh reminder that even experienced users can be vulnerable. Exchanges are massive targets for hackers due to the vast amounts of money they hold. It's advised to always use hardware wallets to secure your crypto and to prioritize strong personal security practices. If you're using platforms like eToro for crypto, the strong recommendation is to move your "proper real Bitcoin" to a personal wallet where you control the keys, rather than leaving it on an exchange.

  • Market Sentiment and Personal Reflections: The current bull run is seen as the "start of something crazy," attracting new attention to Bitcoin. The presenter reflects on the challenging bear market years (2018-2019) when Bitcoin was often dismissed as dead, highlighting the discipline required to keep accumulating (Dollar Cost Averaging). This period forged a mindset of suppressing excitement and focusing on logical decisions. The speaker shares a personal story of trusting their own conviction in Bitcoin despite skepticism from friends and even a "billionaire investor" who later had to scramble to catch up with crypto at conferences, emphasizing the importance of independent thinking. The current DeFi boom, with its tangible products and revenue generation, is seen as validating the blockchain space beyond the "fluff" often associated with past ICOs, drawing parallels to how successful companies emerged from the dot-com boom.

  • Key Projects and Tools Worth Noting:

    • SwissBorg: Praised for its strong performance and a forthcoming automated yield farming project for USDC deposits, offering around 20% APY, making DeFi more accessible.
    • Hacken (HAI): The presenter is an investor and advisor, bullish on this cybersecurity project due to the critical need for smart contract audits and hack prevention in the growing crypto space.
    • Andre Cronje Tokens: Projects like YFI and Keeper, associated with developer Andre Cronje, have seen phenomenal success, with the presenter having been early to some of them.
    • Polkadot: Described as "super hyped in Asia" and a big project for 2021. Its unique approach allows projects to build their own blockchains (using Substrate) rather than sharing a single congested network like Ethereum, which is seen as an innovative solution to scalability.
    • FTX Exchange: This has become the presenter's primary exchange (used 80% of the time) due to its free withdrawals and extensive features, including spot trading, perpetual futures, and even tokenized stocks. However, a warning is issued about the high risk associated with leverage trading.
    • Funding Rates: A sophisticated trading strategy on futures exchanges where, by maintaining a net-zero position (e.g., buying actual ETH and simultaneously shorting ETH futures), one can earn the funding rate paid by longs to shorts. This strategy can potentially yield high annual returns (e.g., 40-50% APY) with almost zero risk.
    • MahaDAO: Mixed opinions, seen as a "fun punt" due to its hype in India, but its long-term viability and ability to meet ambitious claims are uncertain.
    • Solana and Serum: Positive outlook, especially for decentralized exchanges, based on insights from Sam (FTX founder), with the presenter being a long-term investor in Solana.
  • Upcoming Content and Resources: Future videos will cover a comparison between mining and staking profitability (featuring a cheap Chinese mining rig), security tips including the use of YubiKeys, and a review of the MacBook Air M1 chip. The presenter also recommends the "Bitcoin Out of the Box" podcast for in-depth interviews, the bi-weekly Boxmining newsletter for market overviews, and the Telegram announcements channel for daily updates.

Transcript

it looks it feels so weird guys um so it says we're in excellent condition to stream but okay so it clicks ready to go live and looks like we're ready and we are going live right now so guys welcome back to another episode off box mining here so we just have some crazy stuff happen bitcoin finally passed 20 000 us dollar mark i think this is something that we've been waiting for such a long time it's uh you know whoa it won't hit moment you know like we know it's bound to happen you know it's like one of those like rom-coms that's been like long-running series like friend ross and rachel you know like will they won't they but you know it will right like bitcoin you know it will past past go past 20k right it's like and now it finally happened it just like we soar past 20k right now let me just pop on this latest chart we got bitcoin on pretty much every exchange passing 20k it's celebration time as well just look at that like it was a very sudden burst as well so that that happened roughly like a little bit more than an hour ago but i was just like bam bam all right let's do it we did it it wasn't that hard so i think it was just a long long time of indecision for a while like you know when it decides to move bitcoin will move i mean it's it's that kind of time you know i think moving to now we have we've been seeing a lot more interest and i think one thing to mark this as well i think if you really want to look at the long-term two-week view of things right so one of the first things i want to say was that fear of a dump coming yesterday so december the 15th there were initial fears remember like a few weeks ago anyways crypto has a very short memory but you know remember that dip that came when people were afraid of extra cell pressure coming from mount gox coins being unlocked two billion coins potentially being unloaded on the market well yesterday well that didn't happen so that fear well it went nowhere and now we have a resumption in interest in bitcoin so finally that's the case so we're doing congratulations episode it's not really gonna be much heavier new stuff this was something i was like i looked at it i'm like so it's gonna happen it should happen so i was like let me do a lazy episode i'm not even like dressed properly and stuff so i was gonna do a lazy episode i was gonna do a sitting down but my computer is not working very well but anyways it's past 20k and just looking at the chart here too i mean like rising tide brings up all boats right so if you look at it you know in past hour bitcoin made three percent but ethereum 3.9 ripple went 10 over here so you see a lot of gains in the past 24 hours and most coins are moving up too i think this is pretty um standard in crypto at this current point like i said you know that rising tide is here um p pedro san sanchez is um are you happy for mount gox i i don't i don't have any coins man like i have nothing uh let me just double check that um no new messages no no no new returns uh okay okay all right filed okay yeah it's yeah so that was a fear uh just returning the comments so yeah so the the bankruptcy plan for the rehabilitation trustee filed it's gonna proceed to plan but no clues it's it's typical japanese fashion right um yeah that's i think that's why people were initially afraid of the coins being dumped and then they saw okay look it's not gonna be the biggest deal in the world and now we're we're here today so yeah um so responding to your question just now i saw um pedro says are you happy for mount gox returning your coins i don't care i wrote it off a long time ago it was a lesson in learning not to trust exchanges i mean crypto we have many lessons right like i still remember i think it was crypto crypto dog or crypto wolf that said this you know if you have a friend that's interested in crypto send them your biped referral let them get wrecked and that's how they should start like learn things the hardware first right so i learned like plenty in this space i learned exchanges get hacked that's why you want to have one of these things here in fact a bunch of these things um yeah that's just some holding some bunch of hardware wallets on the table you you just got to protect yourself very very well in crypto but anyways and we get rewarded if you protect your coins well if you kept your coins well and you're not subjected to exchange hacks today you got 20k bitcoin and just looking at the history of it so like you know right now so i'll give you two views right now so this is the day view daily um let's go for hourly first just to see what happened in the last past hour so yeah big big green candles going up past 20k so barely like you can see almost the bears did try to put up a little bit of a fight here you know just approaching 20k there were probably a few kind of like forgotten sell orders here you know uh so yeah there was some you know there's a few orders here very likely boom boom both bears attempted to bring it back down but nope that can't be suppressed and now we're moving back up and you can kind of see that we're almost hitting um a kind of very soft uh resistance here so yeah yeah so yet again we're trying to push we're trying to push beyond 20k 600. that's crazy i'm so not used to saying this guys i'm super not used to saying there can you check the dates of december 16th and 17th of each year please says bb all right let's do that so we're going to zoom out a little bit uh let's go to the day view um to day view and then let's zoom out all the way back let's take a look at december of last year so last year wasn't too much action so if you just look um december 17th to 18th okay okay all right all right last year it it didn't break any um yeah so we did we we actually did see so last year 20 this is 2019 yeah you did see you kind of see like recovery pump right so you saw a recovery pump like the same day last year so this is to answer your question you saw that but i wouldn't say this is very significant it was kind of like oh yeah it kind of stopped a bleed out just to kind of move everything back i think the bigger one definitely to look at is of course 20 i mean is it 2018 2018 nothing too special here you did you do see it moving up a little bit but let's see what happened in 2018 because 2018 is the you know the magic times right so let's see 2017 so yeah so we did have a we were reaching uh we were trying to push for 20k in 2017 i think this is the the last big bull run to say this so to speak and then yet again we did face a rejection here so now things are looking a little bit brighter we're approaching 20k so we patched 20k so we broke past so last time it did not break past uh so 20k but now we broke past that we're entering new heights and this is kind of crazy because last time there was so much retail formal into crypto right but this time oh sorry i should have actually switched my camera yeah very tired today sorry guys i should have switched over i thought i was switched over on the screen but um we have a question from rich harris is we all retiring soon right yes i do i'm actually extremely exhausted today so i was at one of those focus sessions where i was trying to um you know how i did a video on farming wing right so wing finance this was something i was farming so i was working hard on this okay so i was working hard on this because i want to min max my gain so last time so check out the last video on wing finance on the farming opportunity so roughly speaking on wing um i'm getting 18 percent plus another 18 so that's um if i can do some quick math 36 percent in terms of um annual percentage yield so i was like spending a lot of time today setting that up again um this time not setting it up but also doing something called um folding this is a situation where you save your usdc then you borrow susd and then you deposit that susd for additional apy but you need to use two accounts and juggle that i'll make additional videos somehow but that can by doing so i'll push my gains to roughly around 55 percent apy so that's kind of like me really pushing what my money can do for me so i can have a little bit of a more christmas shopping money so like you know having passive income it's good to be in crypto right so i was doing that for the whole day i was super focused on that because you don't want to it up like did you know if you miss click buttons there you screw yourself over right so that's why i'm super tired today but that kind of explains everything so yeah so we're kind of getting bitcoin we're moving up i'm also farming so i'm getting more income on my stable coins life's great i can't complain man like i really cannot complain about currently what's happening crypto i think it's been you know 2020 is a pretty crap year for everything but it's been a pretty good year for crypto like everything else outside has been going to hell right we got that coronavirus thing people remember that was making videos about that all the way in january and people listen to me we wouldn't have it like i i saw the news that australia people are going outside without wearing masks there's no need to wear masks anymore because that virus is being wiped out there um yeah magic right uh so so we're close to that we're close to that we're close to having you know the end of this year the end of the big disastrous year um lots of crap happened this year um yeah it's just been a pretty year but we survived we survived and crypto's been doing like super super super so there we go uh so that's kind of the case right now we see for bitcoin let's take a look at ethereum i'm actually quite excited to see what the ethereum chart looks like right now little chart so we're where i think we've passed 600 yet again yep that's right 620 620. so yeah we got out of this little channel here boom brick broke past that quite easily and now we're you know nice and happy into our um 620 yet again so it seems like we're forming this new channel now so it seems like the next it's it's kind of presenting 620 630 is presenting itself to be quite a strong resistance right now and we do see some support at 500 which makes logical sense but that's kind of the short term here ethereum is making it's it's about time for ethereum um to make some new breakthroughs too especially this year considering how kind of defy all moved up again i mean um yeah i'm really going back into farming the the crazy thing about right now about ethereum i would say if ethereum gas prices um cash station is insane uh it's it's a little bit nuts to use ethereum at this current point like 226 um gray for gas at this current point i mean uh crazy guys i mean top leaf lord leaderboard we have uniswap you know that's expected being an exchange we got heather movements being huge uh pro tip guys i know you guys will probably hate me for this but if you guys ever need to move heather between exchanges one of the easiest ways to move tether is not by erc20 but by the tron version of it i mean you're only using that for a sec right if you need to withdraw it it's much cheaper to withdraw tron based usdt i hate myself for saying this but anyways it's like the exchange have all my friends or stuff are doing so anyways so yeah we're at this point and it looks healthy for ethereum too right like as much as i hate seeing this like seeing so much activity on ethereum makes me happy right even though it means that doing transactions on ethereum is going to be super expensive um yeah it's not going to be cheap um uh let's just see um uh this other view is good tx street um i always like seeing this one so tx3 can visualize what transactions are getting processed right now on ethereum but let's just say that there is a huge backlog of transactions at this current point on ethereum so yeah most of it's yeah let's see yeah most of it's 169 guay so this is actually the best way right the way to visually see this is that um these are the transactions that are getting processed and that this is the prices that people are paying so you can see that most people are very happy paying 210 guay for per transaction and it's very likely because they need to really kind of um push those transactions through if they're trading or whatnot they really need to you know push that the mean cost of a transaction now is five dollars um i'm getting out price man like for me like when i transfer on eve i like be back in the farming days i'll be doing like 100 transactions per day right literally uh moving between farms doing test transactions buying selling coins but yeah right now i'm i feel like i'm getting out price at this current point but the good thing obviously is that ethereum 2.0 is coming there's also new scaling solutions the zk roll-ups are coming along that i still need to do a lot of research i think that's one of the the research things i i really need to do but anyways i'm actually glad that ethereum is getting so much usage right now like there's just so many people using eef at this current point i think that's where i'm like i'm actually super bullish on eve at this current point so in terms of my personal holdings i'm very very big into ethereum um very big into bitcoin those are the two kind of things i'm eyeing and then have a collection of all coins um yeah it's it's it's gigantic so it's been it's been pretty fun so taking a look at the market overall just the overall sentiment we have uma moving up bankrupt moving up swissborg moving up i was talking a lot about swissborg i'm pretty happy about swissborg's performance this year too it's uh it's reaching some really good heights and some really cool stuff coming along too in terms of uh there's a farming project on swissborg that's coming up that's i think it makes farming a lot more accessible to people like i've been talking about this yield thing for a long time right and i think something that's cool about swissborg is they're providing farming opportunities for usdc deposits so this will be something for people who don't you know they don't want to move pools every day the rates are around 20 so the kind of way to think about this is if you're in manual mode you can get higher yields so for me right now it's around 50 with wing but if you want it to be automated you get 20 percent but 20 is not bad right if you think about it the way the banks are working right now you're getting like next to nothing on your deposits right so for me it's always about securing both my crypto assets and then having enough kind of passive income for me to have a happy day life right that's pretty much uh my life at this current point so yeah swissborg has been performing very very well at this current point as well and then let's see gazillica theta network balancer going up so yeah most of the coins like if you look at it most of the coins are in the green today um with just a few um doing poorly so that's that's especially not bad not bad at all let me check the page two for uh the geckos hi-ho coin alpha finance is taking stuff off axie infinity um injective protocol keeper is still going up like a 500 crazy i think all the all the andre kroni coins are doing pretty phenomenally at this point point cover went down a bit but yeah it's it seems very very positive right now so i think this is the season we're been waiting for which is kind of the out of um the arrival the pending arrival of the next all coin season i think that's a lot of pent-up energy there i think we've been waiting for this for a long time we got christine michaels's cyberfly is exciting cyberfly is super exciting i've been watching that that's been the top performer um almost i think it's like i was looking at my charts today cyberfly is up 13 so that's that's not bad like if you look at that that's like a big u shape right there so it sat around so yeah the lowest has been it's um around two dollars but now it's moving all the way up to four right now so super exciting times right now for everything let me check out coin so these are the two let's see yeah coins moving up let's see coins moving up uh two let me check where where is that yeah it's moving up too it's not bad not bad not bad crazy crazy all coin times are um pretty exciting at this current point so we got glimper julianna said with the bitcoin roller coaster ride and it will be a roller coaster i'm not gonna say it's not i mean i'm super excited for this because i feel like this is turning a new leaf right this is where definitely bitcoin's getting gonna get a lot more media attention it's gonna have a lot more people perk up i've seen like an endless number of e-toru ads recently um you know my view on these exchanges like e-toru for some reason people love because of all the ads like i think a lot of my normie friends who want to speculate on all coins they go for e-toru for some reason but anyways if you're on e-toru buy proper real bitcoin all right this is my my advice to you right exchanges can go down things can go bad if you buy actual real bitcoin either via switzburg so check out down below um referral links down below if you want switzburg binance your local bitcoin center um heck coinbase whatever buy it and then store it yourself because that is the safest way to do it i mean just looking at the number of the crazy things that have been happening um a few weeks ago and not a few days not a few weeks ago it feels like a week ago but um a few days ago the creator of nexus mutual got hacked for eight million dollars that is insane right eight million dollars just wiped off um storing crypto is a little bit scary but look at it this way right i've always thought that exchanges were safer but they're not because they're bigger targets right there's millions if not billions of dollars on exchanges and they become the biggest target so as we talk about all this mount gox hack and all these coins being returned it's a pain in the ass and the learned stuff the hard ways keep cryptocurrencies yourself keep them secure and recently for the past two days just after the nexus mutual hack i've been upgrading security on everything like just making security a very top priority here um absolutely important in fact like um something i think i'm gonna do is i'm gonna just like make sure that like everything that's it's locked down i think that's it doesn't um it doesn't really take a genius to figure that out so yeah lots of writing down in the past few days lots of pen and paper lots of this anti-hacker protection it's it was intense anyways um um um crypto lenses we need three to four daily candles over 20k and all good i think i think it was just the mental resistance right i think it's just uh i think i think yeah i think once people get used to seeing this we're gonna we're gonna establish some new territory up here right i think that's the case and uh in terms of like that's kind of the scariest and funnest part about this whole space right like this year they just kept going and uh the the excitement in terms of public excitement is still not anywhere near 2017 highs so yeah i mean i mean yeah i'm i'm i'm actually really like like i'm trying to contain my excitement because you know like for me right uh when i try trade i really try not to be emotionally excited for i i will try to make the most logical and strategic choice right so i can feel myself just pushing my excitement down you know like okay you know let's let's control ourselves zero emotion when trading but you know it's just boiling down inside of me it's been a phenomenal year i mean just being able to walk through that kind of very depressive um bear cycle i mean 2018 2019 was just kind of war you see bitcoin dropping every day um you sound like a crazy person talking about bitcoin like oh hey guys buy some like i'm buying bitcoin dca guys and then people like oh what an idiot you know what the hell like buy bitcoin now how come it's dead guys like scared dead you know you have so many of these people doubting you right and you know that it's yeah it's it's the opposite there right the opposite is like you're you're emotionally very compromised during a bear season you see what was a huge amount of coin and assets and um it just vanished right and then it's just forcing yourself to go back in right that was the hardest part throughout the whole bear cycle it was just like forcing yourself and it's just mentally kind of lifting yourself up it was very very hard now it's the opposite now we just have to like mentally kind of suppress that excitement a little bit bottle it up a little bit more just just make the logical choice here make the logical choice but yeah big congratulations to everyone i think anyone who's been following especially people who've been through this whole wave you know you know kept your heads up high that was hard right and i failed at it many times too i mean remember 2012 when i started um in bitcoin you know bitcoin was ten dollars and i i failed i failed because i didn't realize how important was bitcoin i started listening to people around me listening to people on the news all of them called me crazy it's like you know we've been through that and um anyone who's been through that has been uh rewarded very very well so yet again so it was a case where you know i learned 2012 this is you know there's something to huddle on to 2018 2019 was all about discipline 2020 this year has been just phenomenal it's just like enjoy yourself enjoy yourself enjoy yourself so we got mitch harris that sheep are coming pump our bags man the thing is like um the the thing is this right the thing is this i feel like i feel like we're in a situation where um yeah yeah that's it's been great it's been great so um yeah i'm pretty happy to say the least um okay we got mint mining says i like celsius for the rates i need to check out celsius rates as well nexo celsius block five crypto which is really a better option the biggest thing is like um just talking about celsius and passive income celsius offers some really great great rates even during during the bear cycle so i've always like been suspicious right celsius i've always been suspicious of like where to get this money from like they say traditional sources and uh i don't know there's some magic going on so like i was quite suspicious um so you get 13 on usdc you got seven percent on ethereum and you got six percent on bitcoin so i'll say like you know okay a few things about celsius i'll congratulate them for doing super well during the bear cycle during the d5 cycle is a little bit different right during the d5 cycle if you farm it manually your returns will be a lot higher than that if you farm like three four months ago during the whole wifey craze and the whole sushi craze and all that you guys remember that anyways it feels like a year ago but so yeah all of a sudden manually farming it's like that was where you know i was like spending all my time then it came of course a phase where everything almost died and rates limited because projects got hacked left right and center leaving high high risks right people losing money in potential hacks now we're kind of doing in the recovery phase for farming so yet again like if you look at the rates here 13 percent seven percent six percent not too amazing right if you look if you're doing it manually via wing you're gonna push for if you especially if you know how to fold so yet again if you guys want a folding tutorial i can do it it's just a pain in the ass um but it's possible um if you if you're folding your your coins you're getting this one plus this one plus 50 percent of this one plus this one all right so that's not bad that's not bad that's not bad that's not bad that's like double triple of what celsius has not to on celsius but i will say like take a look at d5 farming like take a look at yourself because at the end of the day you hold the keys so you're not you know a victim potential victim of some crazy stuff out there um and also look at the swissborg one because they have the one that's kind of based on farming so yet again if there's a lot of farming opportunities with especially with that coming up it's going to be interesting as well so anyways block fi at nine percent and hyper loan i don't even know how to get started on d5 earn or vault driving me crazy do you need to use uniswap or swap your eath i think it's worth taking a look like with the whole d5 scene like you get rewarded every step of the way right i think this is the tip my take home with the whole d5 scene if you follow me throughout this whole adventure you would have used some uniswap and then got some uni tokens for free like that airdrop was phenomenal right you got 400 uni tokens um for free and at this current price uh uni is roughly what um three dollars and 40 cents so yeah that's like thousand something plus in terms of coins right just for free so vat and there's multiple airdrops happening right now so i definitely would say if you're on the fence about exploring what's in d5 definitely take the dive like take the plunge right it's worth it like install metamask get all everything up and running maybe right now it's a little bit expensive because of the gas prices but it's a good time to learn how to cancel transactions like all the tutorials on this channel right just check out the d5 playlist and just go through go through all of that like understand at least at the very least what everything is here right so this is a d5 playlist um and it takes you through the entire adventure like um from okay so yeah so just look at the list here it starts off with compound right the d5 liquidity pools uniswap um you get like claiming the stuff and yeah it takes you through everything which is kind of important at this current point so if you haven't done that i would um take a look into that um and then there's a mirror airdrop too so if you have uni you would have gotten the mirror airdrop too um this is based on a snapshot uh mirror airdrop so excuse me actually i'm gonna start coughing but yeah if you connect your wallet up which i have on this one and this is kind of craziest part right i was demoing this for the youtube video right sorry excuse me very very dry throat right now but yeah i was demoing this and then um even though i wasted a little bit a bit of gas on uniswap i managed to be able to claim my mirror i managed to claim my free uni yeah just phenomenal right it's great time so i will say at least at the very least kind of learn everything um you know don't don't break the bank but learn uh about it so we got van van fun cool says your hair is better than usual dude it's it's a mess man it's a mess i've been um i cut my hair a lot shorter so it's easier to manage before it was just a big mess so yeah so that was like everyone was wondering where my hair went yeah um on uh on monday um and we got the christmas oh yeah we got we got a deer as well this is my christmas deer i bought it today so it was gonna be hiding it's like christmas is coming holidays are coming guys holidays are coming holidays are coming that's why that's why farming is important you gotta farm all the expenditures so you still have all that crypto right i got ian uh em em em em em evan holt says why aren't we going up faster man you know what this rate is the rate i'm happy with right look at that like a slow and steady rate like it's actually going up quite fast quickly i'm happy man i'm i'm just like at this current point i'm just i'm just happy to be here yeah so we kind of broke past 20k that was the big big kind of wall we needed to break i mean last time last uh 2017 we failed to break through that wall and then we got crashed back down right so now we broke it with ease and yeah that's we're entering new territory which is great right this is the uh this is the exciting part this is the exciting part so i i appreciate it i appreciate it we'll have to see if we can maintain above this level this will really be something i think this is really the kind of if if you're doing ta this is the number that we're looking at right we we we're we're we've proven that the bowls are winning uh you know if you can maintain that that's confirmation for sure right and that's the that's exciting part um bernard mccarsis taxes are coming too i know the bloods kill that really sucks um you know i never talk about tax a lot in this channel it's um it's something i don't have to deal with luckily because i'm in hong kong so there's no capital tax here capital gains tax i think capital gains tax is just total um excuse my language here but like we take all the risk right like what if bitcoin goes all the way back down you're gonna give me money back no you're not right it's just it's nonsense it's really nonsense so i hope you guys found a good way to deal with it um if not don't use coinbase um my two cents here so we got exchanges are crashing i noticed that too huh and tell me if you guys noticed that problem i saw i noticed a problem of logging into binance today um yeah so it was a little bit slow for me like by slow i mean not working today at all so anyways yeah if you're worried about exchanges if exchanges are slow keep your own damn bitcoin guys so are we excited are we excited i'm excited so i'm excited for what can this holiday season bring especially now that we still we still don't have the crazy excitement that we see in 2017 so i'm not too concerned about you know massive crashes back down um yeah i'm i'm excited for the ride i'm excited for the ride so that's kind of yeah that's my two cents not gonna talk so much i also have um some donations so thank you iris didi says uh sorry for butchering names iris didi iris didi iris didi watching this channel since 2017 cheers cheers mate that's a long time um i can't believe i've been making this for three years it actually feels like a decade you know like it feels like 20 from 2017 to now it feels like uh it's a decade i feel like i feel like i'm living in a new place really um like a lot of my life has been changed by crypto like back in 2017 i remember like i'll still be worrying about jobs and all those things like jobs right yeah that i'll still be worrying about that i'll be worrying about you know money and trying to min max on savings um i still remember you know when i first got my first drone right it was such a big expenditure right like i got the mavic one right a dji mavic one i was like i i need a i really not not that i need i really want a drone i really want this drone but it's so expensive right it's like holy crap like how could i justify that expenditure right and now it's just like 2020 coming along i just like yeah whatever i'll buy the newest one it's okay just store it i'll i'll fly it whenever so yeah it's it's it's a very different um time and i'm really grateful for everything here um i've been here for two rides it's been very emotional too um just to kind of recap you know since i'm in this sentimental mood right now just to recap it's been you know like you see money up here and you see money vanish right and it's just like it really sucks sometimes that you get taken on this emotional roller coaster ride especially if you're into all coins like you just have to condition yourself to be kind of totally emotionless and that's why when people talk to me sometimes about like all coins and stuff and they're so excited i'm like like it's harder for me because i'm so emotionally dead inside right like sometimes things go up like 100x and i'm like i have no emotional emotion whatsoever right um it's just insane crypto og says we've been watching on and off around the ico madness ico's time was insane right like i think just recounting back in the stories like i did never i never knew how crazy it would get all right like i feel like um like when i first entered bitcoin i was quite a maximalist like um like i was very influenced by people i knew already and i knew samson mo so excelion from like he's bitcoin um was a block stream right so he's a cso block stream very influenced by that guy he was like everything's a scam but bitcoin i only touch bitcoin so i didn't really touch outs at all back in 2017 and then i met tone vase i've met jimmy sung which are just your absolute bitcoin maximals like everything's a shit coin everything's gonna go to hell uh you're gonna go to hell if you buy all coins um but i fought against that right like um it's towards the 2017 i got into ico thing some things went well some things didn't go well but at the end of the day it was a good learning experience and you know this year be much more strategic and everything going on you get some like crazy rides right you get some crazy insane rides that um i'm grateful for and the way you think about it it's like it's kind of crazy right like i think a lot of people drew this analogy of this all quent craze with the kind of the dot-com boom right everyone's excited about blockchain everyone thinks everyone's excited about what it does and initially before people were saying it's all fluff right all this ico stuff is creating fluff but all of a sudden like this year with the rise of defy actually doing something like creating products that people actually use that generate a lot of revenue it's it's proving to be one of the biggest innovation zones in the space and i'm really glad i didn't close my eyes to it um i think if you just look at something like even as simple as compound right like compound started this with the lending platform people thought it would be absolutely useless why would you want to like deposit a coin and borrow another coin well for many reasons right like whether it's speculation whether it's like you want to deposit some bitcoin draw some usdc go spend that and still keep exposure to bitcoin like yeah there are just so many use cases for it that all of a sudden now like we're creating an alternative version of finance right like that's that's like a lot of power right there so yes absolutely it's um it might mirror the dot-com boom but at the same time this is going to replace financial institutions right so after the dot-com boom what do we have like amazon we have apple we have google they dead net no they're not dead right they're thriving right like people thought you know all of this whole dot-com if you thought dot-com was a was a farce um sucks to be you and if you thought if you think ico and this whole altcoin craze is going to be sad it's it's it's gonna be crazy so um chi la prince says tone base was never right i unsubscribe to him um i don't know like i like i feel like he he kind of have some good strategies like i i still watch him for his bitcoin ta and also look at willie wu as well um if you look at the people who do quite well in terms of the analysis i think wu would be better than tone and yeah it's looking for pretty um yeah like like i'm glad that i stood my own ground i think that's the key right i don't i don't want to throw a shade on anyone i think it's much more of like for me the personal journey was like i stood my own ground i um i listened to myself rather than i listened to others and that was a big learning point for me right that's a big learning point for all of crypto too i think like for me i have a lot of people i respect and a lot of times the people that i respect would not like bitcoin um so i feel like this is like going from the emotional perspective i would say you know it was trusting myself that um um worked very well in the end and i think that was kind of the um yeah that was kind of the key learning from this if i had anything to learn from this whole cryptocurrency experience would be to learn like trust yourself um so yeah uh biscuit says keep keep it up box money being with you ivan lark since 2017 it's been a long road close to right but we're here and i feel the same me too man me too like it's it's been crazy it's been crazy and just to tell you like a little quick story as well so i i talked to a lot of people about bitcoin right and not everyone's receptive i mean you guys i appreciate you guys right you guys gave me so much confidence on this it's insane right but talking to my real life friends everyone's so skeptical they're like oh man you know uh why bitcoin you know like it's a scam it's a it's gonna die and i had so many of these conversations before and i'll tell you one of them that was kind of particular interesting so i was talking to one of my friends in mind and then uh she was like oh let me let me ask around you're you're obviously excited about this let me ask around and all of her friends also told her no right it's like all of her friends are like no and she knows some like really famous investors and this investor is like a billionaire investor and he's like yeah bitcoin's a farce bitcoin's a scam it's total nonsense i'm a cool investor i'm i've been going to tech um i've been investing a lot um you know bitcoin's a total it's nonsense and then then what happens one and a half years later so he was the one who persuaded my friend from um not um not going into crypto so one and a half years later what do i see in a conference is the exact same guy this like famous investor guy right he's there like looking totally lost because like he's like so behind on everything it's ridiculous like he looked lost he was having the vip badge at conferences you know you go to conference right the vip badges are the ones that they just like you know that they they absolutely take your money and just say like it's like it marks you up like it's a mark of a rich noob right only noobs will pay like two thousand dollars for this badge like there's no reasonable person who would do so not to share on conferences i know how you guys make money right but conferences put out these vip vvip whatever like special badges guys and this guy was just like so lost he was like with a vip badge just trying to be cool trying to be hip what an asshole anyways um you know assholes be assholes right but i was kind of funny seeing that out like i was yeah it was um i don't know for to me it meant a lot right to me it meant a lot because this guy was like you know flooding everything you know um yeah now now he's in crypto so uh we got agile one says vip badges grant you access to the best food um best free food i bet i don't even think so a lot of times like in these conferences like we go to crypto conferences i remember this one's in taiwan like you have the exact same thing as everyone else and you have access like a vip badge gives you access to a room that's almost always empty and none of the like the good people would go there like they'll know that it's like a bunch of noobs that will pay for a vip badge access right it's like i don't know it's like i think it's like a insider thing like at conferences you should never pay for a for a vip badge i don't know um um peter r says i invested some of my family money in crypto man that's good like i know i didn't actually invest any family money so um you know it's like it was harder for me to do so like my family's not super well off so i kind of did it by myself which i'm pretty happy for so you know we got llama666 saying hey ha ha ha a whole coin and he should he's probably gonna make an a-hole coin you know it's the thing that it's the thing with celebrities too right people love following celebrities and it's just like um it's a situation where like you you gotta trust yourself right um like i think i think a lot of people who don't know what to do they they like to to copy others and it's a situation like this is something we i've been thoroughly trusting this channel where this channel is more focused on education information of facts and then allows you to make your own judgment i think that's very core um that's something i very solidly believed in for a while it's um the situation where what works for me doesn't work for everyone else right and uh like like i have particular strategies i think i'm a lot safer than a lot of people too i think it's um you know i i've been in the dgen groups i've been in the eight groups as well you know for them it's like and and i still i'm i part of my mind's like this right part of my mind is like you know get rich or get wrecked i think there's a good channel there um formed from the box mining community got get rich or get wrecked and i think like um it works to a certain extent but for me it's like i think i have two modes like i have a dj mode but i control the amount i put in the dj mode and then the rest i need to be like you know serious excuse me sorry hmm as you know drink that up drink the water up anyway so yeah that's that's my rant for for today i think it's a very sentimental um episode yeah that we got we're gonna episode from space vibes these is she will follow the celebs yeah so yeah i think it won't be one day when you know bitcoin will be like having a celebrity stays we're starting to have that already people are starting to understand it already but people don't really fully understand it like you kind of cross that line you kind of see when when people like some people think it's hip and they just go into it right and some people they're they're interested and the the people who understand how broken the current economic system is like this will solidify your position in crypto completely because bitcoin being like a d like that's a core right it's decentralized it doesn't have any one party that controls it how powerful was that like i think this year was a big educator like i'm like a broken record i repeat this all the time but like if you understand how much dynamics are going on in this trade war between us and china how china can freeze assets now and also if you want to move assets out of china i think a lot of people don't know this but i'll repeat this on my channel yet again if you want to move assets out of china the maximum amount you can move out is 50k usd per year like that's it there's no freedom of movement of fiat in china that's the set amount you can search this up s-a-f-e search safe that's their kind of acronym for controlling how currency moves in china but this is actually very strong in asia there's a lot of controls over how currencies can be moved and with the trade war being escalated the way it is and it's still going to be escalated i think that's not going to stop next year right with the escalation there's going to be more and more limitations and how it can use fiat and also with fiat being printed at this current rate there's a lot of push factors away from that system and this is where kind of like this is where it really becomes like okay look bitcoin no one can freeze your funds no one can say oh you can't move it you can't move it like there's no limitations on bitcoin and that's really a core right that we have and it's kind of funny right like you look at um games like so recently i started playing cyberpunk um 2077 and it's set in the year 2077 right and they don't use bitcoin what the hell what like anyways like one reason to boycott the game but anyways that's beyond that but it's like this sort of freedom um is necessary and it's very clear by the way bitcoin's been growing that people value this more and more and more and i think this is like so like beyond the kind of short-term speculation in terms of long term like if you're not in bitcoin you're gonna get screwed so anyways um uh how would you recommend to do research on coins uh so ronnie cohen says how will you recommend to do research on coins um i think a list like i've been trying to build a list of coins to research has been um kind of crazy on that front the amount of stuff you need to look at for me i take a lot more time than usual for for projects so sometimes if it's a particular wave i sometimes don't catch that wave um and i don't mind that i think a lot of people you know when it comes to all coins they're like oh it's irresponsible not to talk about this coin i'm like there's a million projects that are gonna blow up you know why like it's the all coin space right like there's a million opportunities right there's absolutely no need to fomo in anything it's all about strategic plays and making gains right and not making losses i'm not even sure like how some people get so wrecked but like at the end of the day it's all about having a good place so i currently like to to sum it down like yes i'm holding something like um i'm gonna be strengthening my core so i've said about this year which is um binance so binance was great um 18 to 30 dollars since i last made the video um it's been performing well um i'm actually kind of like holding that and i feel like that's it's got some opportunities there's especially with binance smart chain then we have um uh swissbor so if you guys haven't looked at swissborg look at that it's kind of crazy um recently it's just blown up so maybe wait for dot com but um yeah it's been performing really well because it's an entry point into crypto right any of these entry points into crypto like when the mass when the masses come right they'll need to buy bitcoin and what do they do right there's coinbase and then what swissborg right and then we have uh what was it we have engine and just doing nft stuff that's been a big foundation but for engine this year to be honest the performance wasn't too great but i see like 2021 to be like a really good year for them so i'm still holding on strengthening that we got utrust so yeah super big on utrust still they're doing a lot with merchant adoption for crypto and i feel like yet again it's one of those situations where that's like super core right uh this today i had a call of hacking so hacking they're doing cyber security and yet again if you just look at the crazy amount of hacks that are happening in the space right this is one of the big strategic calls i'm making so the story with me and hacking was that i actually visited the guys at hacking uh have a long relation i've i also have an investment in hacking as well so disclosure and this year i made an advisor for hacking but the reason why i'm spending so much time and effort onto hacking is because at the end of the day cyber security is becoming one of the most valuable core parts of crypto right now because every smart contract needs an audit right and on top of that with the number of hacks growing like these companies were going to make a killing because they can save people from getting hacked it's like it's brain dead right so we have that we also have i've been looking at all the andre crony tokens like uh wife fi uh looking at uh keeper we were kind of very early on to that i was pretty kind of crazy um i kind of skipped out a little bit on the whole kind of craze with what was it all the insurance ones so both so that was when i was like okay insurance wasn't too sexy for me personally i didn't really understand too much about what's going on like i'm gonna leave for other people who are better at me than me to do this i was just gonna stick out like you know stay out of that one but then i re-entered when i came to anything with yield and um so yeah right now with wing and with everything else that's kind of my story there um so yeah i know what else polka star is actually not bad as well polka starter was something that i was keeping a very close eye on now it's getting like quite a lot of love as well on the market um all the polka dot projects like it's gonna be kind of interesting polka dot um i still haven't made a video i should um that's one of the things on my list to do is i i keep thinking like i made a video already in polka dot but polka dot is one of the big projects of this year and next year because it's gonna go live soon and uh yeah it's gonna be exciting it's gonna be quite exciting the way polka dot works and the way that i think i've you know why i need to pay attention to it is because a is super hyped in asia like beyond god tier hype number one number two is because of the way the polka dot system ecosystem is going to be set up so instead of ethereum where everything gets built on ethereum and then clogs up the network polka dot takes a different approach where they encourage people to build their own chains so they have something called substrate so you can build your own blockchain with substrate so you can create your own traffic jams and you can design your it's like building roads right like every every new project creates your own chain and they have their own road rather than ethereum where everyone shares a public road so i mean obviously right now with ethereum being clogged the way it is having every block one being a blockchain is an interesting concept that's why i feel like it's worth exploring that concept as well and obviously i'm not gonna like you know haha um yeah that's that's my two cents so polka dot i'm looking quite a lot at everything there um recently i was super involved in omg if you guys remember omg i'll leave it to there but uh genesis block capital gbc um recently acquired um and um there's a lot a lot of stuff going on there a lot of it's under nda still but yeah that's a it's been um pretty crazy to say the very least um we got state elaboruses what is the best exchange that's depends depends really good question though i think that's a good question i'm making a lot of year summaries and i'm looking at best exchanges this year i've been converted to ftx um um yeah just like everyone around me was using ftx all the pros were on ftx and i was like you know what uh i'll give it a try and now yeah i'm like ftx i'm using like 80 of the time reason being is because all withdrawals on ftx are free so if you ever need to withdraw any cryptocurrencies um even for small things like even to pay for like like something stupid like sometimes i order stuff online i'm like oh i'll select the crypto option right and then i'm like oh ethereum it costs five dollars a cent well i'll send it from ftx because ftx is free to send it's like it's like yeah and and it's better than coinbase pro because coinbase pro removed that feature but anyways if you guys are interested in ftx it's pretty much my dominant exchange now and it offers offers like the most number of features like it's insane dot co slash ftx um let's see um let's see yeah so i'll have the ftx link down there and someone earlier was asking about the link for mirror error drop so if you want that it's on there too right but yeah so i'll be making that i mean i'm still using other exchanges a lot of them like binance bitmax uh kucoin sometimes yeah unit swap always all the time yeah it's pretty much that i'll make a video coming up soon what is ftx ftx is like the best exchange like literally it's it's this one um so ftx is like okay it looks the scariest but it's the most powerful exchange in the world i will say that like it has pretty much everything you want from all the bitcoin options like bitcoin spots so you can trade btc usd so this is the most classic way to trade like buy and sell bitcoin but it also has bitcoin perpetual futures bitcoin move contracts bitcoin spot punch um token contracts these are the bull and bear tokens they practically invented those so this will be like a leveraged bitcoin token but they have everything including right now recently they got stocks so they kind of they were kind of the guys who revolutionized the trading the um the trading of stocks so like tesla google and everything and jesus uh yeah they they have the most amount of power it's like it's crazy it's super easy obviously like power also means a lot of responsibility you probably don't want to get super erect like a lot of people you know the there's the power of leverage trading right leverage means you can 10x your gains but you also 10x your risk and i'm pretty against leverage uh when it comes to times like this and i made a few videos about this in the past where spikes down can trigger potential liquidations anyways um check my videos it's on there but in terms of power ftx has like the most amount of power the most amount of everything you just need to use a search button a lot like if you if you're trading on ftx the best way to search for products is a search rather than like um rather than buying uh rather than going through the menu because the menu is a mess um yeah um oh this is a good question from imre what is the nationality of satoshi who knows right likely not japanese um any ideas beats me honestly but also what is the funding rate the purpose is it spot basically with no leverage it's a really good question so recently a lot of my friends have been using funding rates to make money right um okay so this is how it works now funding okay let me give you guys a better example um all right here perfect perfect okay so this is for if perpetual futures and then so there's two kind of prices right so you got the traditional one which is your bitcoin spot your your ethereum spot so this is trading um ethereum for us dollars right and then the other one would be futures where you can have leverage right so you can have like a huge amount of leverage and you can be trading this but they need a way to keep this market in line with the normal market which means they have something called funding rate so on ftx this is every uh one hour every hour if it's a positive funding rates longs pays shorts if it's a negative funding rate shorts pays logs right so i mean just i can't read longs pay shorts if positive so right now it's positive longs will be paying shorts and then if it's negative shorts will pay longs this is actually a very interesting tool so first and foremost if you're longing that means you're paying this amount per day right so zero point per hour 0.0056 per hour um that's your kind of fee and this gets paid directly to anyone shorting because they want more people to short so what people do is if you want to benefit from funding rates this is yet another like pro hack right it's a very very pro like 200 iq play what you do is you can buy the assets so let's say you have like 100 ethereum you can buy 100 ethereum and also short 100 ethereum on the same account this will mean that you're actually making some passive income because your net holding of ethereum will be zero so if you're if you just want to do this with like stable coins you don't want and you see a good funding rate then you get literally get paid to hold that short but you also hold the asset itself so your net is zero right so that's also another way to make money and like if you look at funding rates and you times this by 24 times 360 um why did my keyboard not work 24 times this one times 24 oh come on numlock times 24 times 360. yeah it's not bad am i am i getting this right that's a really good rate that's like 45 49 per annum if you're if you're playing with funding rates that's actually pretty good so anyways um yeah yeah that's another magic way to get money i'm like i'm playing all the like complicated ways to make money here i mean like a lot of my friends love money okay like it seems to be the case that everyone loves money and there's like a million ways to make money in crypto but anyways we'll share that here if you guys want more videos and more further explanation of how funding rates work and all that beautiful stuff um sure and how to exploit it right the key here is not just to make sure how it works but how to take advantage of it that's key so anyways that's me ranting there um there's a lot of opportunities i think like crypto has opened a lot of doors for me um it's been the three years where a lot of doors got opened um it's been a good ride and um yeah i'm looking forward to more a lot forward to more you have to be like super um super super like on the ball um we got a good question from tomas says you probably mentioned this before but what are your thoughts on maha dao oh no opinion no opinion i think it's one of those things that some people can love and some people will hate um it's kind of funny right because like i asked the exact same question when i was doing my due diligence on it um and 50 of people love it 50 of people hate it you know the people who love it they they're looking for hype from india so maha has a huge base in india and i asked a lot of the friends that are in india and that is true but they're also talking a very very big talk like they're they're talking very big on what um the coin and the peg can do and that's like like like can you achieve it hmm so it's like it's a fun punt i would say like it could make a fun punt but long term i'm not too sure it could be very interesting right now because of all the hype and everything that's going on especially in india so like if yeah if if if you're going for it that would be my reasoning behind it um wow we got uh think tank says this is the best haircut i've seen on you really nice thank you um i cut it short i thought longer hair would look better but short hair if you guys like it i'm i'm happy i'm super happy i'm like i was a little bit afraid you know when you cut your hair you're like oh you know i'm losing so much hair um but you know all right um um i'm her as box money long versus short to be net of zero i don't understand how you're making money sorry i feel stupid i wish we could see a visual so okay it was probably bad explaining on my end so what the funding rate kind of explanation will be i'll explain this very quickly and i'll make a longer video but um there's a lot of discussion with my friends about funding rates recently because funding rates like say for example on ethereum so funding rate of 0.005 means every single hour longs will have to pay shorts this amount of money right so if you hold a long it'll cost you right like that's that's no brainer right now because there are more longs and shorts it'll cost you to hold a long position and instead of that money going straight to the pockets of the exchange oh and we just saw that increase huh did you guys see that like the hour just ticked and um the the funding rate actually increased this is this means that there are more people a lot more people taking on long positions and not enough people taking shorts so the exchange is literally saying oh look if you take a short right now we'll pay you but who the hell wants to pay who the hell wants to short ethereum at this current point right so what people do is that instead of trading this what people do is like they'll probably borrow money from somewhere and they take um stable coins so what they'll do is they'll have a stable coin and then they'll take they'll actually buy ethereum say they'll buy 100 if and they'll also short 100 if so their position will be they'll actually be holding 100 if and they will be um having a short because shorts get paid money right so you'll pay to take that position the net will be zero so this is where you're not actually holding any if this is when you kind of take money from stable this is when you're you want very low risk right you want this um the reasoning behind this is like this is for people who want to take zero risk so they'll be buying up that um so yeah so they'll be they'll be net zero in terms of ethereum exposure but they'll be holding an ethereum short which will be earning money they'll also be holding actual ethereum which would kind of balance things out this means that if ethereum does move up in price the the ethereum would move up in price but the short will lose money right so we kind of have a net zero of there so you'll always have a net zero exposure to eef whilst enjoying roughly around 40 apy yeah that's magic uh magic of funding rates explained by michael at a very late hour and i hope people understand it um if you don't um i'll figure out later um we have like why are we talking about fourth industrial revolution where we talk about 5g again 5g causes covid like who still believes that is this like oh i don't know robin norton says funding rates are for leverage and it's also interesting like um another way we can think about this is like let's say if you if you hold a lot of eef right if you're a huge eef bag holder um and you want to sell some instead of selling it maybe you should take a short position and then that short position will get paid extra on it too right anyways um there's just a lot of like ways to play around with it like if you're good at calculating what to do you can essentially have zero like almost zero risk but with some annual percentage yield um alex sialbano says why doesn't everyone do a long plus short at the same time well it counteracts each other out the whole point is that you're not taking a long you're taking you're buying the actual asset plus you have a short on the side right so that makes a difference so you're not having a leverage long and a leverage short you're having um you're holding ethereum plus but you have a short on ethereum so you have hold a net zero ethereum and then you earn on the funding rates um but you have no exposure this is when like you really like you play with big amounts amounts of money right you can like um if you're trying to beat the banks apy or something like that that's that's how to play it um smarts code wrestling says when will synthetic assets take over i i'm actually curious for that too like i would i would say like uh for synthetic assets to take over because we're seeing that right now right we have synthetics we have lena uh lena um yeah there's just so much going on in defy anyways but i feel like there's so much going on i think synthetic assets will take over when it becomes ultra cheap to trade them right so when uh kind of a derivative exchange comes over and it becomes popular with high liquidity i think synthetic assets are like going to be crazy um yeah that's pretty much it crypto beats us i bought box money the duck down king helped us break 20k man congrats to to to the winner for that that card is crazy amazing i still haven't got mine yet by the way um i was meant to have one card for myself right so i can keep it as a memento of this i still haven't i just need to contact the guys i actually really want it now um yeah um so we got panama cars as well one hour plus great video it's just like uh observation i found humorous um yeah i was gonna stream for like 30 minutes and then go back to gaming but it seems like you know it was a very enjoyable time just watching crypto go up and chatting with you guys it's been crazy and we have like 800 people watching at the same time it's insane so that's nuts guys that's nuts so i think i'm gonna end the session my my throat's getting super dry but i really enjoyed having um talking to you guys here it's been super crazy um like at the end of the day guys there's just a lot of love to go around it's been a crazy ride um looking at this like looking eve go up looking at bitcoin go up it's it's it's the start of something crazy and i think that's my excitement there i think this is like for me this is the start of something so anyways i'm glad to have you guys with you uh with us today um i'm doing a lot more content so the next big piece of content that i'm doing and i'm making the video for is i'll show you guys this right so so we have this here this is my new mining rig from taobao so i bought this like super cheap like this is like a case that you can put um one two three four five six six gpus in there um this was like a this is crazy right so in china they sell this like this is like um the case itself plus our supply plus motherboard plus the cpu plus ram like everything included was around six not not six hundred 280 dollars for this case right and this is like this is how chinese miners work right they buy some cases like this is super cheap because i mean if you think about the raw materials itself would be expensive right but all the parts of crap though i mean that's the trade-off but it works right that's the key of mining it it just needs to work right so anyways i plugged in my miner there already i've done some calculations mining versus staking coming up next episode that's really something i'm really excited for like which one's more profitable which which one should you spend your time on but anyways guys that's that's coming out throat so dry seriously but anyways um that's coming up stay tuned subscribe to this channel make sure subscribe to that new stuff coming out new requests coming up security videos coming up we have um let's show and tell today today so we have a video on this stuff uh these are ub keys um yeah you gotta that's kind of key so bought a bunch of these uh yeah i'll talk about them new videos coming up and everything two so yeah so that's good yeah that's a lot of stuff a lot of stuff plants on ht lots of stuff coming up um shooter fps says how can i stream in 4k um i think it's pretty easy um you set your canvas i'm using obs here so if you set your canvas to the 4k resolution and your internet is faster than five megabits per second um five megabyte like like i can't get the proper number not calamature but it has to be five megabytes literally per second right so 500 five megabytes per second or above then you can for streaming 4k so yeah those are the minimal requirements pretty much but anyways new graphics right that's what it's for also review coming up for this this is the macbook air m1 chip so this is like probably the best like mobile computer experience i have um so i got it last friday and um i still have like it still has power i haven't charged it i was like i'm gonna try to see if i can use this for like a week without charge so yeah that's pretty much oh that's that was kind of fun so um there we got open tg box um oh should i now the way we're working tg now is i think we're going to do application style because it just makes a little bit more sense people can get in um and that's worked pretty well last time so we'll do that soon i i'm sorry if apologies if it goes crazy but like if there's so many people joining telegram all at once it becomes like insane no one can speak or talk or something so anyways we'll do that very soon we'll do a christmas edition hopefully people can help out with that um and then joey rocket crypto says thoughts on solana and serum obviously i'm a little bit biased here because i get to talk to sam so sam from ftx and also i'm an investor in solana like a really long-term investor so um i think if people are to create an exchange sam will be the one to do it right like a decentralized dex sam will be the one to do it solana itself is crazy i actually ask a lot of reasons why solana over everything else and we'll talk about that in the future video but i'm actually getting slowly converted into thinking along that track as well so anyways i'm pretty positive on that and you know i think this ecosystem is big enough for everyone so anyways um dan b537 says please list mining parts ie case name motherboard gpu etc um it's coming coming it's coming in the the next video i'll show you guys what what this whole thing is and um all the calculation and maths are there but i think i need to release it soon because that's going to be very irrelevant very soon because i think mining is going to become more profitable if ethereum transactions are this expensive i actually think mining is going to become a lot more profitable um coming up so anyways i need to release that video and give a follow-up and update with that guys we have um shooter fps welcome to team crypto man thank you so much for subscribing thank you thank you so much for becoming a member if you guys shout outs if you guys want to become a member it's um it does it really does help this channel out um we use it for fun stuff around the channel i really appreciate it it's two dollars you get like a smiley face next to your name and you get some special emojis as well um so you know uh we've got the metallic clapping we got hey hey hey we got everything so anyways uh check that out in yeah do do that and with that guys thank you so much for being part of the stream make sure you subscribe make sure you hit that like as well we have 287 likes just really appreciate that guys very appreciate this session today guys thanks guys so much we got thanks brother and thank you guys so much as well travel the world um this is the cheapest macbook it's not even a macbook pro it's macbook air like it's like the cheapest one it is the the lowest end spec like you go to the apple site and just get the the new one with the m1 processor like choose the one with the lowest spec and you got what i got because i'm a cheap ass um that being said because i already have like i have the other one here i have the this is like uh this is the complete polar opposite this is like the i9 ultra decked out edition this is like the cheap one um i can say that this does like 90 of what this one does now just insane like and this one actually sucks because like of how much power it drains and that's why it's like this one would be a desktop replacement this one would be a naturally and laptop so anyways my two cents um uh my two cents i mean yeah so you know sometimes it's good to be cheap and obviously of course pcs over here that's what i use all the time um with yeah everything so anyways guys i'll tell you guys what's happening and uh thank you guys so much for watching this episode uh yeah thanks i'll do the outro right now thanks 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 just follow the new episodes when it's released next up we also have the box mining newsletter so this happens roughly bi-weekly we give you an update of the latest that's going on in a very summarized condensed format so this is perfect for anyone that wants an overview of the market say for example what's happening with okx the biggest event or maybe the little things like what's happening with different coins and overall the trend so what i use the newsletter for personally myself is to understand what kind of phase we're in in crypto to kind of get kind of in tune so if you don't read crypto every day the newsletter is perfect for you last but not least in the link down below if you're a telegram user we have the box mining announcements channel so this is to announce you basically what's the latest videos coming up but also we have a daily update a community driven daily update to provide you an idea of the latest updates on a day and a lot of people have been using that to get informed of the crazy amounts of trends that we see and i have to give a big thank you for claudio our community member for doing this it's just been phenomenal definitely want to give you a shout out there claudio as well for that and taking us to the end of the live stream so make sure number one you click like and subscribe on this video because it really does help this channel and then of course check out the podcast it's one of the best ways to know a little bit more to extend that knowledge especially in your spare time and then of course check out the newsletter if you're um you know if you want those updates and summaries and trends newsletter is the place for you and with that guys thank you so much for watching this video i really hope you have a good one see you in the next video so

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