 I thought that, well, now seemed like as good a time as any as to do the monthly stream that we do about cryptocurrencies. It's a good time because yesterday was an excellent trading day for me. Like, ridiculous what you can, and that's really why I, one of the appeals of crypto for me is that you can really go from having a bad day to a good day in less than 24 hours. So we'll talk about that in a little bit. Of course, the converse is also true that you can go from a bad day to a good day, sorry, a good day to a bad day, pretty quickly too. So that is the appeal and the curse of crypto. But before I get into like what happened yesterday, some crypto news where I've been putting my money in lately. Again, this is not financial advice, just kunikwento ko lang like I have been in the crypto space for a long time so I just like sharing my experience just in case anyone can pick up anything useful from it. But before we do that, let us do the usual ad. Nagsizigit ka na para sa windows mo. Maraming na kaming na tulungan. Date, said hindi purchase ako, but now, I'm found a love of my life. Date, ingresan walang purchase ang life ko, but now, I'm a world-class Zuba instructor. So we have developer ako and content creator for a YouTube channel and ngayon ganun pa rin ako pero activated na yung windows ko. Kaya ako naghanap ka ng legit, mura at original software. Check out cdkoffer.com. Check out cdkoffer.com. Check out cdkoffer.com. So just a quick overview on what happened yesterday. The markets were super depressed, like they were really taking a beating, everybody was in the red. That was a trend for like the past two days. So yesterday morning, I decided to throw in a little money. I mean, if you play poker, I often compare crypto trading to poker. I mean, you take the best information possible and you try to make the best decision, but yun nga, nothing is certain. So in poker terms, I made value bets yesterday. Yesterday morning, I was like, well, I think the market is all trending downwards, but yun nga, a value bet is like you're not quite sure where it's going, but the odds seem sufficiently good enough that if the market goes up slightly, parang babada ng prices ng market. So it's a value bet na usually it's good value for money, it doesn't work out all the time. But if you're playing the odds, you know, the market was down, the numbers of the market were down, the general trend of the market has been bearish, so it has been to go down. But just in that particular moment, they seemed rather down, like you could look at it and say that it was the start of another long-term slide and sell everything, circle the wagons. But I didn't think that the market was going to go down that route, at least not yet. So yun nga, value bet sila. So yesterday, I bought Bitcoin and OXT. OXT is one of my favorite altcoins. Sub Casey Bolio, I am going to reply actually to your email. Actually, I was going to before this livestream, but then I realized I was running out of time to livestream and do the other things, so I had to do some other stuff. But I will reply to the email. We're open, except that usually you have to send the items to us. But if that's not possible, yun nga, we can post about it. I'll email you the details. Sub, Paul Dredd, like one. No more GPU mining. There hasn't been any GPU mining for a while. Bitcoin, for a long time already, hindi na kaya. You need to use an ASIC miner or specialized chips in order to get a proper rate of return. And then the last great GPU mining holdout was Ethereum, but they moved to proof of stake from proof of work a while back already. You can mine altcoins with GPU mining, but there isn't a clear direction anymore for GPU mining. Ethereum was still a good draw for GPU mining, but there are no other altcoins with the same heft and market size. So, yeah, there hasn't been any legit or large-scale GPU mining for quite a while. This one is an old LG TV. Actually, it's not a monitor. And you know it's super old because you can see the white spots. Like, literally, I think the panel is fading, wearing out. Sobrang lumanan ito. Like, I've been married more than five years now. This is older than my marriage, so sobrang lumanan ito. But I do like my screens, and so I still use it. So, you know, nagagamit pa naman siya. And then this one is my old primary monitor, the Bank EX2780Q. Very good as a primary monitor. 2K 144Hz, I think. But as longtime viewers know, that is not my primary monitor anymore. So, I won't say it. We can talk about that some other time. So, what I bought yesterday, so yunya, value bet yesterday morning. I bought OXT. OXT, it's been yo-yoing a lot. Basically, below 6 cents, around like 5 plus cents per OXT. That's where I like to buy in. It'll shoot up. And then yesterday, it was at 0.057, so less than 5 cents. Yunya, anything below 6 cents for me for OXT. That's a pretty strong buy indicator. So, I bought OXT. I also bought Bitcoin in the morning at 25,204. So, not even sub 2.5, not even below 25,000K. I thought 25,200 was pretty low already. Although, I did buy in also September 9 at 25,880. So, that was September 9. And then, yesterday morning, I bought OXT and Bitcoin. I checked it yesterday night, and the market had gone on a rally. So, everything was in the green, and I was in the green also. So, in the span of 12 hours, my Bitcoin, I was able to sell it for 3.6%. That's an excellent rate of return for the work of 12 hours. Yunya, your TD for a year, maybe we'll get you 2.5% after a year. It's 12 hours, 3.6%. I did even better with OXT. I sold at a profit of 6.7%. Again, yunya, after 12 hours. The actual amounts were small because I had no more money. Hardware sugar burns up all my money. So, this is really just like a sideline hobby kind of thing. It's not enough to feed me every day. It's not enough to support my family. But, yunya, the hope is tell snowball eventually if you keep making good decisions like this. That being said, yunya, it doesn't happen every day that you get a 6.7% return after 12 hours. But yunya, that is the joy and the pain of cryptocurrency where the markets are very mercurial and they're really like a roller coaster. I mentioned I bought Bitcoin September 9. That was 3 days ago. I made a 0.9% return because I also sold it last night. Sorry, let me check if that is accurate. Yeah, 0.9%. So, not even a 1% return. Although, after 3 days, I thought that was pretty good already. I mean, yunya, you can't expect to make 3% after 12 hours, 6.7% after 12 hours every day. So, these very short-term trades, even 0.9% is pretty good. Although, that's below my average. Usually, for these kind of short-term trades, I try to go for like 1% pataas. Although, yunya, it's really very variable. Stop, lazy gable manager. You're right. A lot of people do say bank you. I think I'm the only one who says it bank actually. I think I did actually ask bank you and they did say it was bank you. And so, actually when I do reviews for them, I have to mentally tell myself to pronounce it bank you. But if you catch me like unawares, like I'm not thinking, like kanina, I'll just say bank. I don't know. I'm trying to think of an English word there where Q has the K sound. Quick, no? But it is probably bank you. Yup. And that's not the only investment that I did. I have it because the exchange that I use has a promo where if you start futures trading, you get a bonus. And it's like a very small amount. Like you invest $5. And not just transfer it because it's a separate wallet from your spot wallet. The futures wallet is a separate wallet. So they just don't mean like you move $5 to your futures wallet. You have to invest $5. I mean, you have to either spend or make $5. And then you get a bonus. So it was a minimal amount. So I decided to go for the bonus. This is my first time actually to trade on the futures market on Kraken even though they've had it for a while. I didn't quite know what to expect, but I shorted XLM. That one I was able to make a little bit of money. To be honest, I should have held on because XLM proceeded to drop more pa today. XLM is also one of the old coins I like to watch because it yoyo sa lot. Past 13, I don't buy. Past 12 or even 11. Sorry, past 12, I don't buy. 13 is way too expensive. 13 cents. 12 cents. Around 11 something. That's where I usually like to buy. So I thought XLM Lumen was a bit high. So I shorted it. But I sold that position also yesterday. In the morning. So I made a small profit. I sold it kagad. Although I should have sold it today. Hindsight is 100%. But I've made a very small profit from that. But I went long. Went long meaning that I bet Bitcoin would go up. And then I bought that September 9. I'm short on the futures market. I bought that September 9. I also bought Bitcoin long September 9. If you remember, I mentioned that I also bought some Bitcoin outright on the spot market. September 9. And then I was really jittery about that. Matas pa yung September 9. Bumagsak pa siya. But I doubled down. September 12, I bought more Bitcoin. And I also bought more long. Also bought a more long term position on for Bitcoin. When you buy long, it means that you're betting that the market will go up. You're betting that the value now is undervalued that it will go up. So I did buy more September 12. So I bought long September 9. I bought more more long position September 12. In numerical amounts, these are very small. Just kind of playing around with some loose change. Like really, really loose change. Really, really small. But that one, my long positions on Bitcoin worked out really well. I made 20% of those positions. When I sold them also yesterday night. 20% is amazing. But before we got to the 20%, you have to hold your nerve. Long or short, they're basically collateral. You borrowed some money to exchange. So yung maganda kasi sa spot market, if you buy the currency, you're actually holding that currency. Yes, buongabang nga siya. But you can expect it to go up. Wala ka ng ibang expenses aside from the initial transaction cost of buying the currency. So you used USD to buy Bitcoin. You have that Bitcoin whether makiat, whether buongaba, set ka na dun. With the futures market and even with the long and short positions on the spot market, you're constantly putting out money because you're paying for the maintenance of your position. Humiram ka ng pera to do that position and you're constantly, like I mean constantly like several times a day paying to maintain that position. So I made 20% return on the Bitcoin position which is pretty good. I'm pretty proud of it to be honest. I felt good that I read directly. But yung nga, it's not for the faint of heart kasi I opened the first position na long position on Bitcoin September 9 and buongaba pa siya lalo. And for a futures position you said that you're basically betting na that it will go up but it went down. So if you had to eliminate that position ang laki nung cost sayo because you're paying back exchange and the bet didn't work out. So yes, you can hold on to it but yung nga, you're paying maintenance cost so you also don't want to hold on it for too long number one and number two it's very easy to get spooked and think that if I keep holding it baka bumagsak palalo. So mas malaki pa yung kailangan ko bayaran sa exchange to close that position. So there are maintenance costs, there are closing costs and you really have to keep kind of a strong stomach and not look much when the numbers are not going your way. And then yung nga, I even doubled down my initial long position was September 9 and then I bought again September 12 although yung nga, the logic was I really kind of doubled down because I also bought on the spot market. I also bought again on the futures market long on Bitcoin and then the futures in particular worked out yung nga 20% return um like absolute value in terms, it's not even like 20% return is not sound accounting wise because I didn't, di ko naman tinaya yung boong stake ko 20% is like the amount of money I had in my futures wallet um although in a in another sense tinaya ko na yung lahat because basically anytime you open a position um they're going to be taking money for the maintenance cost from that position so if you take to long, maubos talaga pera mo um yeah so whether it's on the spot market where you can short or long or on the futures market um the distinction of which you know I can talk about in another stream maybe next month um but yung nga I don't want to I don't like talking out of my ass and I'm just very very early on in using the futures market but the upside really seems to be there I mean kung magtaya ka atas nakacak pot ka like tama yung reading mo of the market seems to be a bigger payout than the spot market and if you go long or short on the spot market para mas malaki yung kita mo sa futures and the and the maintenance seems to be less ha um yung nga I'm still trying to run the numbers and get a feel for it in general it seems to be better um better cost like less cost maintenance wise sub tech will cave sub bitoy sub pesto sub momol li um yeah sorry I'll answer some of the the hardware and the crypto questions in this in the chat um but just address bitoy I don't need to be more careful now at my money since you know you got the two kids and everything pero malilibre nga ako bitoy inuman tayo just say when I'll be there because it has been a while I have not seen bitoy in a while bitoy is not a customer he is a high school classmate and a lot of the a lot of us from the high school classmate section are still quite close alright let me go through the chat um not bad lazy cable manager q for k for the case q standing in a k sound not bad look o issues um I really you see that's why I don't like stocks whether it's local or foreign para ang bagal nga ng movement um and especially like information is ammunition I feel that a lot of the information about the companies again whether foreign or local um you need to follow the business news a lot yung crypto I'm just naturally following it by inclination so I do end up reading a lot of crypto news already um and yung nga nababagala na ko like 3% after a month or something yung nga that's nothing for crypto so yung crypto high risk high return but yung nga yung nga yung high risk but in terms of inclination since my entire portfolio is not so although I think an unhealthy percentage of it is to be honest I should really diversify but it is kind of addicting when you get like a 6.7% return after 12 hours yung nga to be honest it is a little bit like gambling and the rush is also there but yung nga my inclination also is more to read about crypto so like I'm researching but it's for fun rather than would look at it more as a chore and if you look at something as a chore it's probable you won't be doing it regularly which you do need to do for these kind of day trades and it's very fast um and you need to keep on top of the market but for other people who are more interested in stocks or more interested in the movement of companies I think the PSEI or the NASDAQ or the Dow Drones SNP 500 or some other the FTSEI is the British one I think the DAX is German no the Frankfurt is the German one who's the DAX and what do they call the Singaporean one actually yung sobrang healing magstock yung ma-Taiwanese I've noticed I mean for their own stock exchange like a good portion of them there are a lot of people in the market and generally the number of people or the volume of transactions of the market to be as liquid as possible a lot of people going in and out so that's what I kind of admire about the taiwanese culture they're okay with taking that level of risk even if they're older keeping their minds active hindi lang passive investment like you hand it off to somebody and that's also good for the health of the local stock market the taiwanese stock market yun nga parang actually it's interesting because my wife is a corporate lawyer I also used to practice corporate law so we talk about the business news and I teach a marketing class at university so we end up talking business news sometimes from her deals or things like that the local stock market there are big profile companies going private meaning they are moving their stocks that are available on the stock exchange MPIC of course being the number one and then like there are governance issues with the PSEI which I don't feel I'm comfortable because some of them relate to my wife's work so I won't know and also I do have another high school classmate that works at the PSEI so I know he works hard but just as an organization I feel that definitely the PSEI there's room for improvement so all of those reasons why I prefer trading crypto any local news for the non yet I'm not sure if you were the one asking we did have a very recent inquiry about it but yeah we don't have any prices yet or ETA availability although personally I would think that around the end of the month although even yung mga 7900XT may just sold out yung mga suppliers so I don't know if AMD um like yung nga we've talked about in another stream and in other videos where people are a little afraid na yung AI boom because the kind of hardware that you need to run the large language models are GPUs and then there has been some concern that imbez na crypto miners yung mga AI companies ngayon yung buhay-bile enmas or in bulk no mga GPUs the AMD cards actually um it's not very technical so there are technical traders where they look at the graphs and they try to predict the future movement of the market based on patterns that they've seen in the past um and so there are all sorts of technical indicators like candles and I don't know to be honest I feel like 50% of that is made up like the names that they give to the patterns that they see in the graphs are they sound very esoteric um so for me it's very simple I just look at the numbers and it's more like by feel based on the patterns the movement of the numbers and maybe it's a very primitive kind of candlestick um thing and also taking into consideration the news which some of it should talk about in a little bit so my strategy for crypto is it was long term so you're talking about in the span of 3 months, 6 months but then over the pandemic and this was the height I have to admit of the crypto craze like grave bitcoin hit an all time high of like 66,000 it's less than half that now I can't remember the exact ETH ah the exact all time high but the one that stuck in my mind was like 66,000 um for bitcoin so at that it was at that period na I experimented with long term trading ah sorry short term like extremely short term trading like di naman hourly because the movements naman aren't that you don't make a lot of profit kung ganon but like daily like fast in fast out and that's the kind of trading I do now for the most part because a lot of my money has been locked into um I I do have like long term crypto that I don't want to touch so the very small sliver that's left and it's really like a very small portion of my entire portfolio yun yung dinid day trade ko so when I talk about 20% return 6.7% return those sound good and they are good but in terms of absolute dollar values those are very small kasi nga di I'm not foolish enough or brave enough to bet a large amount of money on my day trading so it's like gaining experience looking where the numbers go making bets and then hopefully ko mag snowball yun um my portion of my portfolio which is dedicated to day trades I call them day trades yung mga very mabilisa na trading yung outlook cost like 7 days like yun yung short term profit 1% return I'm happy with that sell it na um hopefully if I keep doing what I'm doing I will I can snowball and then I can have more and more money to invest in day trading although the problem with those small amounts like to give an example 20 dollars is not that big um but you put in 20 dollars as a value bet somewhere and it doesn't work out and then yung things at day trades fast in fast out and then so I do have some trades that I settle at a loss um but there are just some crypto and then yung like sayang akit pa yan pero hindi siya magyat magsak pa siya lalo and now you're holding it now you've taken like a 30% hit pero masakit eh para nga alala ka na ayaw mo iterminate you don't want to sell it at that big a loss so you do end up holding crypto um kong baga na the amount of funds that you have on hand to to day trade become smaller and smaller because you know one or two bad bets can really upset the apple cart already so there you go beto you're still watching e e if you feature ko saan ay yung cat mo e pero ayaw mo bas dito sa software that I'm using pero game tayo game tayo sub tech wolf cave sub julie sub gandam geek sub great name um that's a good point I will be doing research for my price watch episode um this like I hope to do the research and film it by this week and then release it maybe Monday next week um even though the previous month's price watch episode so we do a regular video every month where we track the GPU and CPU prices um select GPU and CPU prices from the top four largest PC stores in the country um to get a sense of the general movement of the market and even last month we were already seeing na medyo tomatas na yung prices ng AMD cards surprisingly actually sup rai reyes yah you know I didn't appreciate it then pero grave yung golden age of crypto and it's been a crypto winter ever since then um and if you take a look if you look at the text description below what I like to do for crypto watch every episode I put the price of bitcoin and you can really see how it's fluctuated lowest ataw was 19,500 um then it's been over 30k but now it's you know it's a relatively low 25,000 I don't know we're at 26.2 now I think I don't know 25.8 sorry sorry last month was 26.2 so actually uh it went down even from how much it was last month pero yung uh my point of talking about the the futures the short and the long is that you can make money even when your value is going down yung yah if you take a short position meaning that you bet that a crypto will go down um you can make a lot of money that way um so a lot of traders are just starting out think that the only way to make money is to buy low sell high if bitcoin is at 25,000 now you buy it one month later it's 26,000 then yung yah you made profit di ba but you can also there's money to be made in the ups and downs when if you think that occurrences overvalued that it will probably take a drop then you take a short position on it that is more expensive that is more technical that is very much riskier to your heart and to your other uh holdings um but it can't it can't pay off and my my shorts position because I have been very aggressive on the shorts actually last month I made more money on my shorts on my shorts position rather than on my spot yung yung just buying buying and selling of crypto um in futures I just started this month so too early to tell but 20% return from that good bet on that bitcoin would go up um yeah we're doing pretty good on that um yeah so I'll just end with some news um if you're what if you're following Solana so that's Sol Sol um you notice that it was even with the other coins it was it was doing pretty good for the past two months like even with the ups and downs of the market it would reliably be over 20 dollars 22 I think I had one position which I bought like 28 or something wait lemme check so this is one of those positions I just can't let go that I mentioned earlier even though it's such a loss already um I got Solana ah here ah sakit last august 16 I bought Solana it was at 23.49 and it's below 20 dollars now what's Solana now sorry researching it on coin codec Solana is now $17.73 I lost $6 in terms of absolute value roughly if I had bought one Solana which is like that is painful I think my portfolio for these very fast trades the day trades I call them are is not that big so a $6 hit um is you know the substantial but I don't know I don't know should I just sell it na lang um parang it's going lower sorry and that's the news that I wanted to talk about um is that because FTX which was a big crypto exchange they went bankrupt and now there is talk about liquidating some of their assets they have a lot of Solana on hand um so that the fear is that if they have to sell it because they're going to liquidate it to try to generate some revenue which they can distribute to their creditors and their account holders FTX very big exchange with which would belly up medyo relatively recently that was very toxic uh to the market so mostly they have a lot of Solana but not as much as people think you know like so mostly it's like 1 billion dollars worth but actually Solana itself in that figure is relatively small but people have gotten it into their heads that the FTX holdings of Solana might be liquidated so that's really bringing down the price because people are fearing that it'll be a fire sale like kung ano na lang makuha nila um so be wary if you're looking to pick up Solana even if you're looking at it as a long-term investment kind of thing I think it'll probably go lower than this so if it were a long-term investment you try to get it you know as low as possible and then hold on to it um that's it I don't also I'm not also comfortable shorting it because I don't know a medyo unexplored territory to for Solana there's also no news because when if or when liquidation sale will be so Solana Ethereum medyo na tatamaan by that uncertainty of whether the FTX assets will be sold off um yeah so just something to keep in mind Lumen was supposed to have a big announcement so that was bringing up the price um I mentioned earlier that Lumen is one of the one of the crypto that I like observing pag matas I'll short it pag bagsak then I'll buy it so that I can sell it when it goes up so Lumen does that fairly consistently within the 11 cents and 13 cents band for you know for the past two months or so OXT I can't short it because Kraken doesn't have it but I don't know if they have it as a future I will go check maybe I can short it but I really do like buying it when it's below 6 cents and then selling it when it goes above that overall the market I don't know malaboy parang like my gut feel is like babagsak siya but you never know it's kind of crazy and there was appetite like parang yesterday people were just fed up they're like everybody thinks it's undervalued we're gonna buy and so yun na parang big lang tumas siya because there wasn't a lot of movement the whole thing about bitcoin ETFs like it's a financial product that people have been pushing the SEC allow in the states the regulator allow in the states but they weren't allowing it but then there was a court ruling that said that didn't say that they should allow it but they threw it back to the SEC telling the SEC that the reason that you gave for not allowing it is illegal basically or it's not a well founded reason so it's still up in the air whether the SEC will come up with a better reason to deny a bitcoin ETF but yun nga the markets I don't know I haven't placed any bets although I did place sorry that being said I did place value bets last night when I sold my positions I took small positions in dot although that is at a loss now and on rep on ogre I don't know I haven't checked the prices yet on ogre kung kamusta position ko noon sub Hans Fausto sub JP Renor rocksteady I try not to over leverage so like it's very small like 1.6 so above 1 but I try not to go like 2 maybe 2x it's mostly my maximum na I'm still very feeling the futures out I'm still getting my feet wet there at Tristram Tristram sorry that is a very good strategy over the long term I've looked at the studies because what a lot of traders do is they buy when either their mind or their gut tells them now's a good time to buy, now's a good time to sell and that is how I do it also essentially but yung dollar cost averaging is basically you buy on a schedule it doesn't matter if the market is up it doesn't matter if the market is down if it is your schedule to buy you buy and the logic behind there is that over time over the long term that will average out because you sometimes you buy high sometimes you buy low so mathematically that has been proven to be good it takes out the guesswork it takes out the gut feel of it although I don't do it because I don't have money for that long term the money I'm playing around with now kung baka nakalaki na yung long term positions ko the money I'm playing around with it now is really what I set aside for day trades although I will touch on my long term investment strategy at the end and we're about to hit 37 so I think it's now a good time to end I mean will be wrapping up shortly also because I haven't had lunch yet and I do need to get back to the email of KC Bolius so I don't do dollar cost averaging it is a good strategy though for the long term but I feel it's incomplete because it doesn't tell you when to sell yun nga if you're doing it on a schedule you don't have to think about you don't have to follow the vagaries of the market kung umakiat, kung buaba pag patak sa schedule mo, bibili ka but that doesn't help you when do you sell because the nice thing about always looking at the prices is you get a feel for is it a good time to sell, is it a good time to buy so the dollar cost averaging is insurance that you are kind of plateauing the price that you bought at over the long term it's not too high, it's not too low but that doesn't help you get a feel for when would be a good time to sell let's say over the span of 2 years your average your average price is around 30k which probably is because it hasn't been below 30k it really depends it's hard to say on the average but yeah, do you just sell after you you're slightly above your average I guess it depends on your goals you can hang on to it longer but I feel that that's a side of the equation that dollar cost averaging cost averaging doesn't take into perspective and it doesn't help the practitioner of cost averaging because they haven't been looking at the markets that closely because they're following a schedule rather than on either technical analysis or just got feel sub itx adic but yes, as a long-term investment strategy it is very good I don't do it nga, because the money that I have is just slated really for day trading sub it hodal man, hodal although yun nga, there was like ganda ng market kahapon if you were able to ride the dragon BJY I don't know to be honest I don't feel comfortable enough predicting that like short term, will the dollar weekend the economic indicators of the states are pretty good actually overall unemployment inflation all the numbers are looking good there is a Fed meeting though this September sorry, I have it here the Fed meeting is September 20 so the Fed is the one that determines interest rates sometimes that has an effect on the markets both the equities markets and the crypto market but the US is in a pretty good spot in the short term in the long term, they have a whole bunch of debt they have a gridlocked political system so long term, it's a mess but short term the dollar is looking in a pretty good position I don't know if experts are predicting the dollar weakening long term probably there are a lot of political problems in the states their debt is crazy high although my concern with that is a lot of people think that crypto goes the opposite of fiat if the dollar is down crypto is up but that's not necessarily the case I don't think crypto has proven itself even bitcoin as a good alternative investment unlike gold if the US economy tanks for whatever reason usually crypto follows along with it so if the US dollar goes down maybe if it goes down a little crypto might go up but if it goes down because of some major event, major catastrophe major financial thing whatever I would be pretty sure that crypto would would also drop like a rock as well and then it would be a good time to short there's opportunity everywhere if you have the stomach and the funds for it yes, another consideration is the bitcoin halving although usually the halvings most investors think na factor that was already factored in by the market so that the numbers shouldn't move that much although that's a theory anyway for litecoin actually I was looking at studies na for litecoin halvings the value of litecoin actually drops several months after the halving I haven't looked at the bitcoin halving like historical projections and stuff alright so I'm just going to wrap things up with an update if you watch crypto watch last month you know that my long-term investment strategy was that I'm taking just small funds out of the earnings that I make from my day trading and then I'm putting them into three cryptocurrencies why these particular three cryptocurrencies that is cosmos so that's atom that's dot and that is secret why these particular three currencies because you can stake them long-term staking called bonding which is basically like a TD except so it's like 20% return after one year the average I think secret nga is the highest at 26% possible the catch is that you can't touch them for a month you can put them into the long-term staking the bonding but if you want to get back your money you can but it takes like a month or something so it's just not viable for trading you know you put it in and then you want to take it out right away there is a X number of days and it's like a long timing before you can get the money the crypto back so that's fine with me for the long-term strategy what I talked about last month is that every month and I guess there you can say I do cost averaging I put in a little money I use a little money to buy those three currencies and then I I put them in long-term staking so just an update on that that is not going so well because secret has lost more than 20% of its value yeah I think that's hard to say more than 20% all of them are kind of down dot atom all of them are pretty down $7 something last month now it's like $7 something so that's like $8 10% is $0.08 so it's not as bad for atom it's maybe lost 8% or so of its value roughly something like that I think if you look at the rough numbers because my argument last month was that 20% 26% that is a lot currencies depreciate like they go down in value what you make in the long-term like per annum will probably cover that but secret has dropped so much that that is not true anymore at least for my portfolio but I am still long-term I'm still pursuing the strategy I think one month of bad returns especially when they don't affect you in the sense that you didn't need to sell them is that's not enough evidence for me to do a turnaround and to change my long-term investment on that so that is what I'm still doing basically every month I set aside, I take some money from my day trading pool and then I buy a little atom a little secret and a little dot and then I do long-term staking on them and then I forget about them basically until the next month I do try to time my purchases when the value is low although I cheat sometimes and what I do is because I bought some secret I bought some secret and some atom for day trading but I missed the timing and now they're too high now I can't sell them so instead of buying new funds I put those as my investment for this month so kung baka from August I bought atom and secret for I invest for day trading I missed the boat, I made a mistake now they're too expensive I don't want to take the haircut I don't want to take the loss on them instead of buying new crypto at a better price now instead I just move those amounts from my day trading excel file, excel sheet to my long-term trading and then I move them to long-term investment on bonding on their different chains it's kind of cheating but and it kind of weakens the portfolio in the short term because you're not getting it at the best price possible I bought them when I was high and then to kind of make up for the losses so I don't have to look at them I move them to the long-term thing but yun nga long-term I'm not too worried about that and basically I'm only cheating myself if I'm doing these kind of accounting slides of hand so yun nga I'm comfortable with that kind of thing and at least that saves me some money I don't need to put out this month to buy atom and secret yung dot kasi wala na hong bala so I do buy dot also for short term trading for day trading but I was able to liquidate all of that at the profit by I'm already finished for September my small deposits into those long-term investment currencies yes hands also thank you so much for noticing enterprise NCC 1701 no bloody A, B, C or D it's because of the I didn't really monkey around with the focus I just told it to focus on me so to be fair to the camera I didn't really mean to I'm not sure if you can focus like kind of like it's so close to the camera and then I'm kind of far away I don't know if it's possible to get that half and half kind of thing but good eyes that is the TOS enterprise no bloody A, B, C or D I just I noticed that because of the way I have the camera in the corner and the lens you can see a little bit of the ledge and so I just wanted to throw some stuff there you can also see a lot of the toys of my kids in the background so I'm charging their batteries so yes that is pretty much it for me for crypto watch for this month there is money to be had even when the market goes down I am feeling pretty good about myself to be honest after I don't know if it's possible futures trades and spot trades for day trades but you know with crypto it's always very variable it's really a roller coaster some days you feel like shit some days it's pretty good so it's always important to have a diversified portfolio don't put all of your eggs in one basket be very honest with yourself like if this position is not working out close it before you incur more losses actually that's what I like about spot trading day trades like very fast short term and also the futures market or the shorts and the longs you have to be very decisive if this position is not working out for you terminate mo na yes you take the loss but you're saving yourself from future losses instead of you took a 50 cent loss okay na yan because it's taking a 1 dollar loss because back then I was very married to my positions I really don't want to sell paper loss but that's also not a healthy habit to have you need to know when to cut your losses again just like poker as a poker player I think I'm comfortable enough you have a set stack of chips if it's not going your way know when to hold as a poker player and my friends know this the problem with position sa crypto or any equity position panang paper loss lang yan so you think mababawi pa yan but at a certain point you need to know when to cut your losses but that was not the case with me yesterday where I made quite a doozy percentage wise and I'm quite happy about that so do check out our video which came out yesterday the asus tough 4060 spoiler alert not so much of a spoiler because only a few people are left watching but envidia has asked us to do a video so we're happy for the first time we'll be doing a sponsored video by envidia it will be about the asus 4060 I am a little concerned about the blowback from very PC enthusiast guys because the word on the street is the 4060 is not that great although I am I am heartened that we will be doing it our way so it is sponsored they do have editorial control but it is a back and forth so it's not like they're feeding us a script to say so everything I say on the video I will be comfortable saying it and it's also just an opportunity to kind of shed a different light on the 4060 although we were also very honest already in the review which came out yesterday and tomorrow there are two videos that Ren is working on I don't know which one comes out I still need to follow up with her I was able to dig up 8 year old noctua thermal paste is it still good? the thermal paste have an expiry date I think that video drops tomorrow actually the results were very interesting I'm a super honored you are when you're interested by the results of thermal paste but yeah 8 years man 8 years so that was a good video and then we also have a laptop laptop dock review video and that laptop dock was insane like the quality I was so surprised by the quality of that laptop dock that dropped Saturday and Friday will be may they magtanong alright so thank you so much for joining me on this impromptu Wednesday afternoon stream have a great week ahead guys let's make it to the weekend