 All right, what's up internet? All systems look good for episode 8 of CryptoWatch and yun, so we'll be talking about today why Bitcoin has crashed, some of the economic reasons behind it, some of the political reasons behind it, and whether you should be panicking. But let me first just make sure everything is okay. Okay, you should be having dinner instead of watching me but if you are watching me, thanks so much for joining us for episode 8 of CryptoWatch. Okay, looks good on Facebook and let me just make sure sound looks good on my end. Let me just make sure that it's okay on YouTube as well. So, parang okay naman. I just heard myself on YouTube. Sup, Gerald from YouTube. Thanks for joining us. Sup, Jericho. Jericho, parang you're in all of our streams. Parang you're, nimusin na sulit yung days off mo. But Jericho will be back with us. Jericho, for those who don't know, is our newest tech staff and yeah, he comes back to the shop tomorrow, Friday. To be honest with three tech guys, I have a difficult time. Di ko na maalala kung sino yung na sa shop at any given time. So, I keep making mistakes na, like kinukulit ko si Jericho, tapos pala di si Jericho, si Gerald yung na sa shop or si Jay or vice versa or something. So, CryptoWatch is our monthly episode where we talk about cryptocurrencies and if you've been following cryptocurrencies, it's actually been a bad six weeks or so for crypto. Usually, maganda kasi yung new year for Bitcoin and for cryptocurrencies in general. Usually, based on the historic trends, tumataas yung price. So, actually a lot of people, including myself, bumile, thinking na yung na tataas yung prasho kasi may end of the year boost. Historically, tumataas nga siya. So, I do want to use the new features up, Bitoy. Thanks for watching. Ah, pala ito. And hello to Aldous. Still waiting for, now's a good time actually. Bitcoin is down, but that doesn't mean, usually when prices drop, difficulty drops also. So, that's a good time to start mining. And so, but you do need a miner. We have talked about it in a video, like what's the best way to go about a miner if you're, it really depends on what cryptocurrency you want to mine, kung Bitcoin, kung Ethereum, et cetera. So, Prevenjan. Hello, everybody. Crime Lab Gaming sent from YouTube. Crime Lab has a good take on it. No need to panic, it's actually an opportunity to enter the crypto world. That's personally also how I see things, pero it's very, nakakatakot para sa mga newcomers na, kasi grave talagin crypto para ang roller coaster yun eh. Grabe ang aki at grave rin yung bagsak. So, if you're a newcomer tapos medyo mataas pa yung bilim mo, tas big lang mo magsak. Let's say about Bitcoin at 50,000 per Bitcoin, tas nga yun mga 42, 43 na lang siya. I mean, that's more than a 15% drop. In para lang may context, how much ba yung interest sa deposit mga yun with a TD? I think it's 1.5% and that's already a time deposit. I think for local Philippine peso. So, ang laki ng 15% drop. And so, nakakalula especially for yung mga medyo bago sa crypto na oh my God, but siya bumagsak. At hindi lang nabumagsak, it's like a free fall. So, we'll talk about those things in a little bit. Kalaman has the same thought na don't panic just yet, don't panic. Although, there are some contrary, I mean I do agree. Personally, yun din yung inisip ko na don't panic na sa good time to either buy in or to start mining since pag bongabagsak yung presyo nung coins, bongaba para yun yung difficulty. Difficulty refers to how much coin you earn when you mine. For those who are new to the crypto space, mining just means doing some work for the network usually with some of your computer hardware whether it's graphics cards or gameten mo yung hard disk mo. I forget the coin, pero naging uso yun last year eh. Siya, I think it was siya coin. Natakot yung mga taon na lechit yung crypto, may isapang crypto, tataslin yung prices nung SSDs, hard drives, although siya didn't catch on that much. So, with siya, you used your memory, your storage space as the means na pano ka makatulong sa network. So, mining just means using your computer hardware to do work for the network and as a reward, this is very simplistic. They're, you know, lalim nung details, but very simplistically, mining just means you do work for the network using your computer tapos may reward ka in the form of coin, the coin of the network that you work for. Tapos may difficulty yun. The more people are mining, the less rewards you get. Kasi siyempre, ini-encourage yung network na it wants to encourage a lot of people to mine because the speed of transactions, the speed of verifying transactions depends on how many miners there are. So, it wants to give incentives. Pagkonti lang nagba mine, mas malaki yung kinikita nila. So, because the networks are basically trying to incentivize work. The more people are working, medyo iniisip niya na, ah, well, madami naman nagkatatrabaho, di ko kailangan masyado na magbigay nung incentives or di ko sila kailangan hilayin na tumulong sa network ko since marami na sila. It's kind of like when you're starting out, alam ay mga celebrities or a business, pag small time ka lang, kada customer talagang sobrang inasikaso miyan. Pero pag medyo big time ka na, one customer goes away, we have 10 more waiting for us. Ganon yung mga mining networks. If there are just a few people on the network, you get more rewards. There were rewards to decrease as more people join and mine or work for the network. But tindi ganon si hardware sugar whether small or big or kahit anong size ba kami, we still treat every customer like sobrang mahalaga sila. Promise. If you don't believe me, try it out. Try us out. And bitoya's question, anong usually percentage of portfolio nyo ang crypto? For myself, I'm a bit aggressive so a big chunk of my personal portfolio is in crypto. I don't actually, kamusta yung iba? Like I guess it's a very risky asset. So the more conservative, konti lang 5%, maybe 10%. Although what's nice is I do take not to the public but I do have, I do take placements from friends na they want to medyo deep into crypto pero takot sila sa volatility. So I promise them a set percentage. I think it's 6%. So para lang siyang td in a sense, of course it's not backed up by any bank or something. It's just that if you trust me and I also trust you yung yung I only do it with close friends. They get a guaranteed earning kong baga. So they get a much better return than kung linagay lang nila sa banko or sa td. And then me for myself, I have to make the money grow using because I invested in crypto. So there are, but generally you can do direct investments. Like ikaw na bahala pumile, like what cryptocurrency you want to invest in, how much to invest, when, buy, sell, things like that. So for the first bit of the show, we'll talk about bakit ba bumagsak yung bitcoin. And again, just like everybody has their own theory. Although generally it kind of tracks with what's been going on. Number one kasi Omicron. So of course bitcoin and cryptocurrencies in general are still tied to the general health of the stock market. When Omicron started hitting the US last year and it's still continuing its devastating effects now, nararam damang rin natin ngayon sa atin. Parang kalewat ka nan. Grabe, parang everywhere you turn. And this is the worst that from an anecdotal, for my personal perspective, this is the worst I've seen the rate of infection. Kasi ngayon talaga dami kung friends, dati kasi yes you had maybe one or two friends na affected by COVID, but now it's like I have employees with the other business. Fever sugar, we've also taken some steps to ensure customer and staff safety. Several friends on my wife's side, on my side either have COVID or their families have COVID. Rocky my brother also reports like he knows a lot of people that may COVID. So it's like very common nowadays to know somebody who directly has COVID. Grabe tragi omicron. And we're feeling that now, the state is feeling that Europe, South Korea na una sila sa atin, they felt omicron. So the markets generally like uncertainty, medyo kinakabahan yung markets. Hindi, so it's not just the crypto market, it's also the stock market has been doing poorly, relatively over the span of two, three weeks since omicron has really started rolling. And something unique to Bitcoin which has, kasi yung Bitcoin parang belweather yung for ano. Yes, there are so many other cryptocurrencies out there but generally pag tumas yung Bitcoin, tatas yung ebang altcoins or alternative coins. Kung bumagsak yung Bitcoin, babagsak din yung altcoins. I did want to highlight this contrary opinion from every corner from Facebook, it's a dead cat bounce, meaning that the price of Bitcoin actually dipped around 39, I think, very recently. Basta sub 40. And then it's, the dead cat bounce is like, yung nga, you have some, you have a, the graphic images, like you have something dropping a dead cat. And then kasi tatal, pag pagbagsak niya, tatalsik pa yan eh, ba yung nga may rebound, may rebound pa yan. And then babagsak ulit siya. So Maverick from Facebook is saying the drop to 39 and then now it's at around 43, it's not a real recovery, babagsak ulit siya. And that is actually also another opinion that I've seen floating around the internet. It's a legitimate opinion. I can't, you know, personally, I think it will hover around 42, 43. It might not drop some more, but again, I could be dead wrong. I have been dead wrong before. If you watched our previous stream, I'm like, the previous stream last month, it was at around 47K. I was like, yeah, now's a good time to buy in, think on di na yan babagsak. And here we are now. Mabagsak to 39, it's around 43 now. So I really have, I don't have a crystal ball, I could be dead wrong. There are some prominent investors who are saying that they think in general it is a dead cat bounce and in general that there's a recession coming. So the crypto is not immune to the greater, you know, the other factor, or the other economic factors pinging around there. So if there is a general recession, crypto will crash as well. It's happened before. So yes, that is a valid opinion. Gina Dela Penya from Facebook, we might have to hold on our mining project then. No, but mining is different from trading. So if you have a long-term approach, now is the best time, babagabagsak yung coins, the price of the coins, that's the best time to go with the mining because the difficulty usually goes down. So you can amass a lot more coins when the difficulty is down and when the prices go back up, because they will go back up. I don't know when they will go up, whether it's a one month window, three months, six months, pero tatas talaga yan. That is for sure. There's a recession. It'll drop to 28K or something, 15K. When COVID first hit two years ago, I think Bitcoin hit 6,000, I think, or something. I remember because I was desperately trying to buy Bitcoin then at the start of March 2020 when COVID really hit us here and basically worldwide, the first quarter of 2020, bagsak lahat, oil bagsak, crypto bagsak, and it was such a cheap price. So and yet here we are now. I mean, we're saying 42, 39 is low, pero grave when COVID hit two years ago. I think it was at 6K. The lowest it hit. I can't recall exactly, pero sobrang baban nga. So regardless of what the prices are now, they will recover eventually. It's just that I don't, it's all about the timing, right? You don't know what window you want to get in on. So David from YouTube, I am trying to follow the comments like both on Facebook and on YouTube because like somebody sends a star or like a sticker or something like that. So but it's a very, it's very difficult for me to have a, you know, I have three monitors. So there's the primary screen on my primary and then na ka vertical. So that's YouTube and Facebook but there's a lot of, and then I do have actually I'm tracking the prices now on my secondary monitor. But so it's a triple monitor setup but this is a lot and this is my free camera stand. So I just, you know, I plop up the camera here but it is very difficult for me to keep track of things and I'm not used parin to the using the re-stream studio which is how I'm broadcasting now. Usually I use OBS and I'm not more familiar with that setup. In na yung problema when I stream from my house. Palagin na ka crash. So I don't know what it is. When I piped OBS through re-stream Palagin siya na ka crash. So now I'm streaming natively if you will through the re-stream studio which the nice thing is it doesn't crash. Pero pangalawa but the bad thing is you know, there's a lot more customization in OBS so I don't have the usual windows and things that I'm used to but I am trying to keep track of everything. We do have a tech question from Baytisoy88 explain ang power reporting deviation red sa akin para nakakakos ng high temps ng 5600x ko stock cooler. To be honest, I do I am not quite sure what you mean by power reporting deviation. Like you're actually monitoring how much watts your PC is using and then the medyo iba siya dun sa expected mo. Although you're saying na it's costing high temps. Well first of all the 5000 in general so just over general advice the 5000 series is known to run hot like AMD has said publicly na 90 degrees on load ya no problem we have we designed the CPUs in mind na kaya niya yan it's really meant to run at very high temps even if even at around 90 degrees per load. So you haven't reported your temps but but yung ya 90 degrees is usually considered high for other processors pero for the 5000 series no AMD Hindi siya that's normal kong baga that's normal Although I'll try to get back on track with the crypto but we can't take up this question and pwede magtanong our usual text show which airs tomorrow also at 8pm. Maybe somebody else on the oops I didn't actually mean to show the thank you from Gino maybe some of the other that's why I like to pwede magtanong with a panel kasi a lot of people can chime in and help out kasi yung ya my technology is also limited I try to keep up but you know it's four minds is better than one no contest so pwede magtanong will usually have a better range of opinions and like we can try to figure out what's really wrong Dominic Linus of Philippines getting the valuable info from you guys again tonight thank you for watching us on YouTube actually to be honest the Linus of the Philippines parang I think it's just because we're both thin and have a high pitched voice definitely definitely mas maraming alam si Linus akit and like sobrang in depth no knowledge niya has been doing it for so long although what I like about hardware sugar like the channel is na iba rin amang perspective namin so Linus is a tech YouTuber definitely has the resources grave yung budget niya to do all kinds of crazy videos but like sa hardware sugar yung ibang perspective naman namin is that since we're a shop we really contract like how many items we've sold and ano ba yung mga brands na usually nag-fafail usually mga balik sa amen kailang ni RMA ano ba yung mga GPUs na talagang sulit ano yung mga prices so it's a different perspective it's more like since we yun yung data namin yun yung data source kasi andamin namin na ba benta so we can based on our experience where you can really make videos like oh alam mo itong brand okay to o itong work around like like yun nga yung cheap thermal paste we had a recent video 20 pesos of thermal paste gd900 okay siya actually very very sobrang sulit niya and or like yun nga yung core liquid 240R nung MSI we are first ever do not do not buy recommendation kasi based on our experience sa shop marami kaming nabenta and they're all coming back to us now palagay nasisira yung AIO na yan so i think you know we're trying to be a bit different at least naman hindi lang paulit-ulit yung mga information like it is a unique perspective that we can bring kasi yun nga not a lot of shops have a dedicated youtube channel where we talk about like our experiences in the shop with different hardware so one reason why bitcoin is down is because everybody else is down because of omicron number one and number two specific to crypto in general and bitcoin in particular is when china banned crypto last june last may takbo lahat takbo meaning lahat ng mga miners sa china it was like rats sinking fleeing a sinking ship nag takbo sila to elsewhere like sana ako pwede mag setup ng mining operation ko ngayon so china was number one before in terms of number of miners and number of percentage of people mining the the hash rate but the us has become number one but number two became kazakstan which is very close to china apparently they have cheap energy there and geographically yung at was easy for the miners to relocate yung problema medyo magulo sa kazakstan ngayon there's political turmoil there basically because the current president was closely aligned to the president that left medyo when kazakstan broke off when the soviet union in the early 90s broke up so there were there suddenly big lang dami ng mga independent countries kazakstan is was one of those independent countries but they don't really have a long history of peaceful transition and things like that so the president stuck around for a long time recently lang nagbago yung president nila pero yung existing president ngayon parang yung yung tigin sa kanya parang yung old president parang yung in charge yung current president yung ka parang figurehead lang for the old president but then suddenly the new president started making changes like tinanggal niya yung anak noong old president from a very influential committee and things like that started basically started to put in his own people and so medyo nang kagulu na sa kazakstan and because of the unrest there hindi rin makam-mine yung mga miners so that's a very specific reason for bitcoin in particular why the hash rate has gone down and in general why prices have gone down because yung hap pero natakot alit yung mga miners natakot alit yung mga investor na oi kazakstan is the number two place in the world mining bitcoin magulu ngayon sa pero magulu yung yung sa kazakstan and so that's a yung yung can kind of make sense why there would be a direct correlation to the price minor gpu seems like we haven't hit the bottom yet yung I'm not sure it's very difficult to say but it's very tempting 43-42 is sounds like a good price to me I would want to buy if I had extra money but definitely maverick from Facebook also echo that it's a dead cat bounce and prices will go down again minor gpu who is very savvy he's a minor gpu I know for a fact has a lot of miners so he has a lot of skin in the game and I do take his opinion seriously when he says stuff like that that we might not have hit bottom yet Jose Alvarez from YouTube is it a good time to buy now I would if I had if I had free if I had excess money that the hardware sugar at the shop really takes up a lot of my liquidity a lot of my cash but personally yes I would buy now but yung nga I have a tendency to be overly optimistic I know that I know that about myself as an investor na I tend to look on the optimistic side of things na parang oohh masyadong ano oohh but before we do that I do need to play the ad so stick around guys 90 kailang no windows pero saan ko hukawang ng legit windows dami options dami prices ako nito goody nalang may cdkeyovers.co wadalilo mo order search for the software you need add to cart daan ka sa payment options nila wala pag 5 minutes finished may legit working cdkey ka na para sa windows mo gamitan lang awing ko para makakuhapan ng discounts kaya kung nagahalap ka ng legit mura at original check out cdkeyovers.co I don't know why it always crashes or why it always gets cut off towards the end of the ad should I play that at the beginning sorry sponsor but you can check their links in the description below they are actually very supportive of the channel and I appreciate the sponsor but yeah I always forget to play their stuff in the beginning yeah guys sir sakit ka sa kit why why why you do me like that but if it's a good time to buy always wait a bit more it's about to go lower it's true though I tend to be optimistic yun nga the last time I did crypto watch which was in December last month mga 47 46 and the prices actually I like crypto watch I always put the price the current price of the episode so there's a complete list of prices like when I earned crypto watch from episode one up to episode eight the current episode so if you would notice f7 it was around 47 48 atta and in that episode I was saying yeah yeah that was a good time to buy etc but yun there we go although to be fair if you had bought at 47 did it go higher than 47 parang it didn't it hasn't hit 50 from what I recall so 47 might not have been a good time to buy so but 42 42 such a good price how can you go wrong although yun nga seriously aside there are people saying there are there are investors outside of the crypto space are saying that you know there might be a recession looming certainly inflation is quite high especially in the states the highest it's been in quite a while so that's that's one very prominent negative economic indicator and how the general market goes the crypto market is not independent of the general market if the stocks if there's sudden recession in the states for sure crypto will drop as well and there are some indications of that happening although so I've talked about like Kazakhstan I've talked about like the general market being ruled by or being affected by Omicron I did want to I'll highlight Maverick Hornet's comments comment Maverick is a technical technical investor meaning that he likes to look at graphs or at least from what I can tell from from the comment because he's using terminology common to that kind of investment strategy signal line support etc 22k is a bit low I mean that's like 50% of the current price I don't think we're seeing prices go drop you know drop that quickly in the span of a week or so so that might be like alarmist um but I did want to so I've talked about briefly how why bitcoin is down maybe it will continue to drop although I did want to highlight and where's my text description like what did I say I was going to talk about in this stream let me check guys I got to check my iron and I do want to thank you everyone for tuning in even though it's time we have 40 42 people 42 people who should be eating dinner like I wouldn't take it against you just just turn your device off go have dinner anyway mapapanod mo na manto sa facebook or sa youtube nakarecord na manto go have dinner and this live stream can wait but if for those having me in the background during dinner time thanks so much and I do want to yes I enlisted here so the third point that I wanted to talk about is btc was the best performing asset in asset in 2021 again I'm kind of annoyed I can't flash the the graphic on screen kasi nga I'm using the restream camera but um at least you know it depends that you know the devil isn't accounting and anybody can say like oh best whatever but in general at least from one from one analyst perspective bitcoin was the number one asset in last year with a 59.8% return number two was wti crude oil which is at which is 56.4% so doing quite well s&p gs sci gsci rather I'm not sure that's a fund which follows the s&p 37% dow jones real estate index at 35% the s&p 500 mismo the the currents the sorry the stock exchange or the equity if you basically you had invested in the s&p 500 you would have earned 27% the US dollar actually was number six in terms of top assets for 2021 with a 6.4% return and then everything else actually was negative gold was at 3.6% negative silver the worst at 11.7% and that's already the top 10 so bitcoin had a very rocky year last year you had and we've talked about it before on crypto watch if you had and from 42 we dropped to 34 I didn't mean it guys should you should have your dinner no you should stick with me jok lang yun balik kayo what's this like why did we lose like eight people but bitcoin had a very rocky year it was China banned it again so that was around June and that you know that that tumbled and it took a couple months to recover just when it recovered big lang na ka problema dun sa Evergrand so the very big Chinese real estate company so that shook all of the markets equity as well as crypto so that again bitcoin dropped like a rock so bitcoin had a very tough year last year but in spite of all of those ups and downs that's um thanks mose marie carl go have dinner would i recommend f over bitcoin both to be honest like i would invest in some if you had 5000 pesos i'd split it down the middle to five to bitcoin to five to f s i think is a very worthwhile asset to have and it's not apples and oranges it's just basic diversification here's some money put some in bitcoin put some in s i wouldn't do it like a one one or two one or you know one or the other thing sorry i do need to do some business for the shop hi al family does your store deliver to laguna we deliver nationwide if outside of metramanila we do use ninja van but short answer yes we do i even had one ano da was in kavite like i think two months ago we had like several deliveries in kavite like three or four in kavite no one in alabang and then the rest in kavite so ako nag deliver nun personally if ravijan is still watching sorry bro di ka pa rin we're still trying to find that circuit it makes sense na isang ikot for personal delivery so we do deliver via ninja van for orders outside of metramanila but if the stars align and you know we have a lot of orders i do actually deliver personally or even the very very special build like the 400k build we did we had a 400,000 peso build which we did a video about you can see it on the channel if the owner i know the owner watches sometimes our live streams if um if the owner is watching it was very nice to meet you mune that that was a special delivery for 400k man i will deliver to you we've actually also had the farthest i personally delivered is like that is too big but we also had the delivery sa me iloko, sa me launyon so very nice guy he is a long time supporter of the channel and of the shop and he buys a lot of stuff from us but that one i was like you know it'll be nice to kind of personally deliver so makita ko to launyon but we made it a family outing this was before omicron this was like early december i think or late november so we made it family outing i went with my wife and daughter so we had a good time we spent two nights in launyon and um and yun nasa resort kami and then the next so nasa resort uh the day after i arrived personally deliver ako to to our uh to the customers residence in launyon so yes um usually we uh use ninja van for orders outside of metro manila but sometimes i do deliver personally whether in metro manila or outside metro manila just depends on um yun if it makes sense like from a personal perspective because i want to like vacation there or from a logistics perspective na maramin ang orders in that general area kaya ko isang ikot para sulit naman yung biha ko and so yes in spite of it being a terrible year for bitcoin terrible in the sense that the the climbs and the lows were quite you know dramatic it was actually still if you timed it right mora next i actually ah my my wife actually wants us to do a manpulo but i don't think i'll be delivering any pc parts to a manpulo may perhaps but to um well uh maybe not borrow per se but um that that region we do have some customers there sa aklan area yun so it's all in the timing really bitcoin was up and down last year but it was actually the top performing asset beating out the usual the usual havens kasi sababag takot kasi equities either you put it in real estate or in gold usually more conservative options but bitcoin was the top performing asset at least depending on how you i'm sure if you jigger the accounting you can come up with a other top performing asset but um doesn't matter basically i mean the the message behind that is that it was still a very strong performing asset and there are even some grip altcoins that outperform bitcoin last year so if it was the top performing asset you can imagine what some of those other the return some some some of those other coins like just very recently shiba shiba inu the coin or the shiba coin is the coin shiba inu or shiba coin that's anua it's shiba ah shiba inu yeah shib shib is the the coin name so shiba inu was having a great run two months ago maybe or like a month ago so if bitcoin was a top performing kind of top of blue chip asset blue chip in the sense that a lot of people know it it is recognized there's a there's a strong market preference for it a blue chip stock is something from a very well known company so apple Ford motors I mean if you want to be more traditional industrialist about it so bitcoin is sort of the blue chip cryptocurrency that's why whenever people talk about crypto people outside of the crypto space talk about crypto usually it's bitcoin is top of mind so parang siyang blue chip crypto for I mean that's why the asset didn't track like ethereum or other things kasi bitcoin yung top of mind talaga so that's point number three even though it was a very rocky year for bitcoin last year it was still by some accounts the top performing asset among all other asset classes not just compared to other cryptocurrencies I can believe it if you bought in at a good time you had a pretty good run so what to do now basically enjoy your staking I've talked about it before that a nice thing if you're doing crypto trading you don't need to be just buying and selling there are a lot of coins now where you can stake meaning stake stake just means that you deposit it so let's say I own 10 ethereum ethereum although ethereum is not a good example kasi the stake the staking rewards now are based on when you when the network will upgrade to ethereum 2.0 so that's not a good example one currency that I really like to stake is tezos xdz so basically just to deposit I you stake your crypto and it earns you income in that crypto so I do a lot of my trading with kraken which is a exchange based in the US so kraken will allow you to stake tezos and they'll give you interest on it so your money isn't sleeping if you buy a crypto which allows you to stake and there are a lot now that solana sol sol was a very hot cryptocurrency last year and yun you can stake solana but me per se I like I do have I do have a bit of solana but I like I'm I'm big on xdz more and I forgotten see basically I like I'll be upfront my trading it has been in hibernation for the past six weeks or so because the prices have been all over the place and I've been quite busy as well with hardware sugar but I don't and actually I was in a really bad position I actually leveraged sa money so I borrowed money from the exchange to buy omg I'm very bullish on omg and again this is just personal sharing that you probably shouldn't listen to me for investment advice in crypto because I do stupid shit and I lose money all the time so when it drop the initial drops yun yun problema sa crypto para it drops a little bit in your like and gungho people like me who don't know any better and who have no emotional intelligence when it comes to investing that'll be like okay ito na fear of missing out ito na talaga yung bottom niya ayoko na you know takut ako na tatas yan I'll miss out on the low price so I jumped back in and then I leveraged I borrowed money from kraken to buy omg because I was like definitely tatas to and then it sunk like a rock so talagang crash siya and I took a hit on that so that was really like masakit yun and I was holding on kasi like to be honest my strategy was okay indi na mas siya ganoon ka you know I'm paying kraken every four every six hours leveraging is a very bad idea if you're you know it'll really make you pay but but kaiser I remember you buying at 12 I think I think omg was around 12 na when I bought it and I think it's around six now so let me let me let me pull it up on my tracker oh wait where is omg omg hang on guys I'm just pulling up omg now yeah I haven't been tracking it in a while Tezos is 4.34 omg sad so let's say if I put in $100 worth now my my purchase only $50 pero paper loss palang naman siya don't sell now although 50% right 50% loss and then to top it pero yung masakit sa leveraging hindi yun paper loss talagang because you borrowed funds from the exchange you're paying the exchange to to make use of those funds so but my strategy was basically if I sell it out now sub moniker from youtube my investment strategy was so I bought I leveraged my purchase of omg I was thinking yes I'm paying kraken now but my how much I'm paying kraken is much less compared to if I take the paper loss now so I don't want to go into details because well I try not to offer like super specifics like how much money I'm making or losing usually it's losing but I did the math and like if I take the paper loss now let's say let's just give numbers sa these these are not the real numbers but let's say if I take the paper loss now I would let's say take $100 loss whereas it's only $1 per day again these are not these are not the real numbers I'm just illustrating the example I'm like if I sell now if I sell my position at a loss I don't need to pay kraken anymore because the I paid back the funds already that I borrowed but I'm only paying kraken $1 a day right now whereas if I sell at a paper loss cut my losses sell the position I lose upfront $100 so my position was na I won't sell it na lang I'll continue to pay kraken the $1 a day yes masakit I really you know I misjudged the market I shouldn't have leveraged one I shouldn't have leveraged two I shouldn't have bought in at that price but doing the math doing running the numbers it's better for me to pay $1 a day and hope that in after two months so that's $60 out the market will recover enough for at me to at least sell it at $60 because it's $100 but so for the entire six weeks December to just recently around January I was paying kraken the fees for leveraging but the problem also with leveraging is that if it goes below a certain threshold kinakaban yung exchange na oh this guy made such a bad bet so abrang pangit nung investment niya na he might not be able to pay me back ito yung inisip na exchange so at a certain point it's gonna do a margin call basically sinasabin what a margin call is sinasabi nung exchange is na sobrang olas yung investment mo I don't takot ako na you can afford to pay me back so a margin call is basically they're gonna they will sell the position they'll foresell it at whatever the current price is they're gonna foresell it so at least they can get their money back so na margin call ako nung kraken sad sad ah this is a sad this is a sad smile um so it's really like damn um so not only was I out so now the paper loss was a real loss because the the kraken forced you know forced my hand kung called my hand kung poker ito so I took the paper loss that's a real loss now number one plus may loss pa ako kasi yung the $1 a day example that I was paying the leverage fees that I was paying out to kraken so not a good way to start the year but hopefully 43 is quite good it's quite a good price $6 for omg is quite a good price I'm very tempted to find some funds and get back in the market I think it's a good price now pero um pero again you should not take my advice kasi um my investment sometimes turn out well sometimes they do not but to answer Miguel Santos from Facebook was this for your first time using leverage it was not to be fair I mean I I tend to be dismissive of my trading acumen or my investment expertise but because I do I do take note that naka red eyes ka Miguel so which means you're a crypto supporter let's do this but I mean I do tend to make fun of my investment returns also because I don't want you guys or whoever is watching to invest just because I'm saying that now is a good time because again I do make a lot of mistakes but to be upfront I am a savvy investor in the sense that I have made some money and I have been doing this for a long time so this was not my first time to use leverage usually although when I do use leverage it's really hit or miss to be honest my it's very it's very it's very risky I've only started using leverage last year and maybe it's like 60 40 like 60% of the time I'll make money 40% no but it really is a very up and down especially when I use leverage it's a very risky proposition so I do I am aware of the risk I mean jokes aside and I do budget accordingly it's not like I toss the kitchen sink in when I leverage but the first time when you get it right like feeling matalaga ito na yun like tas babagsak sya nang babagsak because I do I do short as well shorting is when you can I talked about it on previous live stream you can just look it up on YouTube easier on YouTube shorting is when you're betting that the price will go down and so you can make money you can also make money when the price goes down kasi for routine investors iniisip lang nila ay bagsak yung market I can't make any money but if you short a currency you can make money on the short when the currency drops so I have shorted I have shorted currencies I have made money on the short I have also leveraged meaning I think the price will go up so I borrow money for my exchange to be able to buy more so I have done both I have shorted and I have done long it's a it's a long trade or short trade so I do I do make fun of my investment history but jokes aside I have been doing this for a long time crypto investing I have done both short and long although I've that one I got bored with my investment strategy last year so in a bid to mix things up I've tried to get more into short term because it before last year I was very long term my approach to crypto trading was very long term and so there were quite good returns I mean may returns taman pat on the back to be but you know I was coming becoming a big board with it and at the same time I wanted to make money because a long term yun this is an idea long term situation the market hit 39 or so you should have bought then and then wait like you don't really care in a long term situation 48 it drops to 42 I don't care 48 it drops to 39 long term you buy it at the 39 mark right and then it goes up to 42 you don't care hold until it hits mga 50 55 mga ganyan imagine if you bought at 39 and then akit siya to 55 ganon yung investment strategy ko dati very long term approach but I did try to mix it up a little bit last year and so a portion of my portfolio is still is dedicated to long term and then some with short term yeah razor from youtube about my personal rig 30 70 perin ramo is ddr3 let me correct actually my gpu is 3080 but yes my ram is ddr3 12 gigabytes anong year yung pc mo I think this so my for those who don't know my pc is very old and we've made fun of it on the channel before I do have actually a video several videos about my my desktop it's an i5 4690k pero sobrang yung yag i5 4690 so that we are currently at 12th gen my my cpu is fourth gen pero yung yag I mean I have a 3080 and yes if this were prebe din magtanong the the people in the in the internet would be streaming screaming at mean bottleneck bottleneck bottleneck yes guys I know na bottleneck but if you want to play the most late the most latest if you just want to play the the latest games the most recent games it's fine because a lot of that work is done by the by the gpu so the 3080 is allowing me to play the the current games at a decent enough frame rate and but yes so yes definitely bottleneck siya but for my needs na I don't really get to play a lot now with the shop with the channel with things going on in my personal life not bad things good things but I my my daughter ah my my wife and I had our first child a daughter during the pandemic so last 2020 so she's one and a half now and and oh my god okay I know this is crypto crypto crypto watch I'm supposed to be talking about cryptocurrency but just there's a short aside on fatherhood it really takes up a lot of your time and I'm super enjoying it pero grave talaga yung kinakain na like I have I have no free time anymore if any free time is devoted to the channel making scripts following up like orders for the shop so I do have very little time now to game and so when I do game but when I game gusto ko naman dissente 2k at least mga 40 frames per second dinaw na nangangarap I think 40 for me is the the minimum that I can take so like cyberpunk 2k 40 fps mek warrior 5 which god I want to finish that game since last year ko pa siya dinalaro 30 so 3080 a very good graphics card is ideal na for me in the situation where I only get to play but when I play I do want it na medyo dissente naman yeah so this is why this is why we have I only have ddr3 12 gigabytes although I do I was planning if you watched my previous streams from last year I was planning to come up with a personal rig a new personal rig with a Ryzen 7 3700x very still not top of the line but just below the top of the line very still very good cpu very kindly donated by a very regular viewer of the channel and of and a regular customer to shop I do want to pay him back and I know you're watching so don't I will I will I will I will pay back for that I just doesn't feel right but I was planning a personal rig and I will get around to that but you know I don't want us to go on to lockdown but kung makal super straight lockdown ulit na hardware sugar is closed I will probably use that time since there are no customers no suppliers I need to follow up no builds no diagnostics no nothing I will probably use that time to make my personal build but sana hindi na it's terrible the economic it's it's not just I mean it's not don't don't take it the wrong way lockdowns do seem to be effective the infection rate goes down but it's not a it's not a it's not an either or it's not a false dichotomy and in in logic there there are policies where you know an argument is fallacious if it falls into a logical policy and and that's that's a logical policy the either or approach na you can only have one or the other so you can have yes a strict lockdown is one way of getting the infection rate to go down but it's not the only way so ako personally well not that I I mean not that the IATF doesn't listen to me so you know my opinion is worth squat but it's been very hard for businesses the past two years with the constant lockdowns so I'm hoping enhanced measures maybe level four but like the super strict lockdowns I hope maybe we can avoid that kasi hirap talaga ah ah hirap hirap to to to keep a business running and to keep your employees fed and you know quite difficult but but yung nga we're always planning if if that does indeed happen then that's probably when I will do my build if not I I really do need to find the time yes thanks Jeff from YouTube congrats Dennis from Facebook welcome to fatherhood till they understand we are right now good thing I am done with that face I mean I I thought don't get me wrong I'm super enjoying my time but it it does also make my time with my daughter but it does really do make you appreciate the the time that you had to yourself I mean I was I'm an introvert by nature I really enjoyed my time before like you could spend three hours playing a game three hours reading a book or whatever watching a movie following tv series but but a lot of that is just not possible now even now like setting aside time to do the streams and things like that can be quite demanding so well but yung nga the the books the games the streams or the content that I I'm not able to consume now will always be there but my face this face of my daughter's life just comes around once so chepre sa kanya you know I'm trying to devote as much time as possible to that to her and yeah but yeah just really a lot of a lot of very little time left to do even the things that I should be doing so Brian cabling from facebook Brian actually has a pc with us now for diagnostics we took one crack at it we took a pass at it the initial gpu we was broken but we wiped the we we ddu did so we basically we basically removed the old drivers kasi it was an amd gpu and then we put in a 20 the next the the replacement gpu was at 2060 so we we put in the appropriate drivers we thought that's all the problem but it did not so the pc is back with us again I do mention it just because some customers kasi Brian has been very good about it so no no issue with Brian but just sometimes some customers kasi have the sense na pinadala and we can fix it right away but really pc troubleshooting can take a lot of time and we're very upfront actually na it can maybe take several trips kasi it's really trial and error we always repeat at it pwede magtanong we always repeat that in in some of the videos that we do na you're really like a detective and sometimes if one and there could be multiple problems and sometimes it's working with the customer but it's not working with us or vice versa so we really do appreciate it takes we put a lot of time into diagnosing what's wrong and we appreciate it when the customers give us that time and give us that space to allow us to try to find out what's wrong talaga kasi paminsan pabalik-balik talaga yan talaga yan paminsan i mean it's some customers you know can get annoyed and say na it's very troublesome and it is I do agree if it's troublesome for you it's also troublesome for the shop kasi we have to devote resources to fixing it so but definitely for hardware sugar no BS warranty we really we really live up to the warranty but the very minimum that we ask is that you do bring it into the shop yeah you know it's not knocking Brian he's been very patient and we do appreciate kaya customers like Brian that give us the time to to try to figure out talaga anaba yung problema dito sa see sa computer na to yeah sorry I'm just going to do the last of the I had in my bullet point I do actually have to go but I do remember I had the last bullet point that I wanted to talk about staking oh yeah altcoins altcoins so just because bitcoin is down doesn't mean that you still can't make money trading with cryptocurrencies I'm not advocating a particular particular crypto although my good friend Robert you've seen him before also on the channel has done very well for himself with harmony I think one O and E is the crypto the ticker name kumbaga for that one I think he said around in point 15 percent he was saying that he had a 15 percent return on harmony which is very good in this kind of market now so just because crypto is down in general and bitcoin in particular doesn't mean that you can't generate a return in crypto it just really depends on yun what coin you buy and at what what price you sell it at I did have one comment here about axie infinity I'll take this last comment and then we'll close the stream for now for this episode but do check us out on pwede magtanong tomorrow at eight o'clock man where is the it was from facebook and he was asking if if axie infinity was a ah here sorry it was youtube pa na so and hello from youtube as axie infinity is a ponzi scheme through not I don't no okay fine I'll say no um ibay kasi ponzi scheme sa get you know it's not it's not a get rich quick kind of thing so axie infinity is basically a game and if you play it you can earn a digital asset called slp or the love potion and you can sell the love potion for real money axie infinity also has a currency a natural cryptocurrency axs so the axie although that's used more for in game transactions as well as I think you can vote so may parang stakeholder mechanism involved pa siya it's not a ponzi scheme it's not like it's not like to earn money you need to recruit people it's not like that to earn money you just need to play the game there is a lot of fear about crypto which is why you get any kahit anong bagong crypto yung tako yung kinakatakutan ng mga tao yung kinakabahan sila na ponzi skambayan but axie infinity to be fair and again I do not play the game anymore I found the game play to be a bit boring it's a bit of a grind to be honest I do have I do invest in axie but not a lot I don't think I have current holdings in axie like AXS so that's just disclaimer but I wouldn't consider the ponzi scheme it is a legit cryptocurrency how do you define legitimate in the sense that there are people the developers are very active both for the game and for the cryptocurrency there are investors behind it not that there needs to be investors for it to be legit there are no investors behind bitcoin for example investors in the sense that there are people plopping down money for the in the foundation or in the group developing the cryptocurrency but that is but there are investors in the company behind axie it has a sufficient user base to support further investment so generally no I would not consider it to be a ponzi scheme Kaiser has a Kaiser has a good comment on it it's similar in the sense that a big part of your money is made through new players by selling axies that's true although you can make money yes that's a good point so thanks to Kaiser you do want shepherd you do want more people entering the ecosystem and new players need it's a requirement to play axie you need to buy at least three axie and there are people who spawn or who generate axie who breed axie and if you're a breeder yes it's true that you would want more new people because you need to sell you need to sell your stock kung baga that's a good point although although yung a but I'm not disagreeing with Kaiser even he says na it's not a scam per se although I like the per se meaning na like parang although I wouldn't consider it I love minor GBA use comment but I wouldn't consider axie infinity as a scam per se and we're really getting into the weeds here we're going to leave it at this comment the fiat is a ponzi it's true I mean di naman di naman it's true that fiat is a ponzi scheme but I think it's a more of a tongue-in-cheek comment denoting that you fiat currency fiat meaning the currencies of countries Philippine peso US dollar Japanese yen GBP Great British Pound Great Britain Great Britain Pound GBP Great British Pound Great Britain Pound Anyway the pound Pound Sterling In a sense to sir all fiat because sorry in a sense it's all a bit of a ponzi because it's all a confidence play the Philippine peso only has value because people perceive it as value because the money money before used to be backed up by gold so it was the gold standard or the silver standard meaning that 100 pesos can buy you an ounce or x amount of gold but one of the one of the one of the innovations was that the price it's a free floating price now currencies float it's a market price how much are people willing to pay for your currency central banks do defend their currencies in the sense that if it drops below a certain value the the central bank will usually step in but it doesn't have a magic wand it steps in by buying coin by buying the Philippine peso or buying the currency in question which very basic supply and demand because you're drying up the supply you're taking less pesos of the market then demand goes up value increases but it's not like it can just wave a magic wand and say that oh now the peso should be 50 pesos to the dollar or now it should be 45 pesos to the dollar so in that sense it is a tongue-in-cheek comment but there's in a very also real sense our fiat currency is also just sort of a confidence it's based on the confidence of the market just like any other asset and just like a crypto asset it's just that people tend to play that up more with a crypto asset na eh wala naman there's nothing backing it there's no there's no real asset backing it but in actuality that is true also with a fiat currency yes governments back fiat but they only have limited resources as well to back it in that sense so bit out of topic for this particular stream but we can tackle that in another crypto watch I just want to say thank you sub to liya magnaya thanks for joining us and that's it for me guys please do please do join us for pwede magtanong tomorrow 8 pm there are a bunch of tech questions I saw in the chat which I couldn't get into now because I had to devote my time to rambling on about fatherhood and about cryptocurrency but now I do need to do need to go start food and put food on the table although I just want to last on Dennis's comment that before it was before it was based on gold reserve so the famous fort knocks of the states but now there is nothing there is no peg to fiat currencies anymore it is floating on a market rate at least for usual currencies China has a peg because China is China it's not really free market but nowadays it is a free floating and then with corrections by central banks so thanks so much for watching stay safe lots of COVID out there and see you tomorrow for pwede magtanong