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I had a good time doing media diet, but parang I was the only one having a good time. So, let's try something maybe a bit more popular. The first stream that we did for the basics on cryptocurrencies like how to trade, especially in our context, like nandito tayo sa Pilipinas, what's the best way to trade cryptocurrency. So that was a particularly popular stream. So let's see if we can do like a one month show on crypto. So the basic format is na, we'll start with news and then I'll, then the second part is like I'll give examples of my own trades over time and the third is like trading tips. Stuff ITX addict. Yes, the ultimate man cave for my brother. Unfortunately, I don't get to live here. But it is quite nice. Enjoying his setup here with the Blue Yeti mic. Actually, everything here is better than my setup. The computer is better. The mic is better. Is even using a gimbal for a tripod where I just used like a regular tripod. So that is sobering. Jim Rayner from Facebook hope crypto crashes permanently. Wag damahan because I still have some money in it. But I am hoping, you know, this is a good correction for everybody. We'll get into it. We'll get into it a little bit. GPU prices have gone down, especially now because the Chinese have kicked out a lot of their miners, but that's our first news item for the day. So we'll get into that into a little bit. Pashoutout, Reem Ledab. Shoutout and Jay Torres. Pashoutout both from YouTube actually before the before you guys. I mean, alongside you guys. I also want to shout out to we had members guys that thanks you. Thank you to our new YouTube members. Sorry again. I'm this isn't my setup. So medyo kinaka pa ko palik. What the heck is going on? But let me say thank you first to the new members. Which we haven't been able to do in a while. To be honest, we forgot to last. Pwede magtanong. But shoutout to Ray Katz to Zuren, who is a returning member. Thanks to Zuren and Rafael James. Thanks for joining the YouTube membership. So first up, first up, the Chinese crackdown. So as even those of you who aren't trading in crypto, but are concerned about GPU prices, probably heard that the Chinese have started cracking down. This is not the first crackdown of China. Every now and then, you know, they get it into their heads na you know, we don't like miners, you know, isipan natin yung mga to. We let's prohibit it, you know, no more mining allowed. Although to be fair, this seems to be the most serious crackdown I've ever seen. By some estimates, it's around 90% of all miners in China have shut down. So that is quite significant. One of the reasons why the crypto prices are weighed down. Pero... Sup, Rocky the Programmer is watching us. Nagtatrabaho kami nila Jay and Ren with the wink. Well, you know, it's 4 o'clock on a Friday. I don't think your boss will mind if you guys decide to call it a day. Although I did hear that Jay is deciding the shirts and Ren has decided to do the ad. So you guys have a lot of work. And Rocky the Programmer is doing the inventory. So you guys have a lot of work to do. But I don't think your boss will mind if you kind of slack off at 4 p.m. on a Friday. So Chinese news. China is kicking out a lot of their miners or basically they're saying no more mining allowed. First of all, I do need to preface that in the title it says why are crypto prices down. But you should really be worried about anyone, me or anyone else, trying to explain crypto to you. Because I'm going to be upfront with you that I have no... I have my theories. I have like cause and effect scenarios in my head like A. There was A and therefore it cost B. But again, to be honest, nobody really knows and that includes me. So these are just my best guesses or hypothetical like, you know, probably why this happened as someone who's watched the crypto space for a long time and who has been on all sides as a miner, as a gamer, annoyed at miners because GPU prices have gone through the roof as a trader for a super long time. You know, I've been trading Bitcoin since it was in double digits. I think I got into it like when it was like $6. Bitcoin was the first crypto, first notable crypto. But I think really even the first crypto, how we define a cryptocurrency now. So I was there like when it was still $6 and it's around $34,000 now. So I've been watching the space for a long time. But again, don't take everything I say with a grain of salt. Don't believe everybody or anyone really, you know, do your own research. Try to figure out if you agree with the opinions or not. But anyway. Di ko pa lante. Shoutout. What's up? And thanks so much, Niko, for the advice on the cameras. We haven't bought one yet, but you know, we're figuring it out. We're already zooming in on a camera. Although my team who's watching now wants a mirrorless camera. So, yeah, that might be the kind of model that we're looking into. But yeah, I hope you learned something about crypto. If you have any questions, feel free to PM me or feel free to put them in the chat. So China cracked down, a substantial crackdown by some estimates 90% of miners in China have been kicked out. And that's one of the major reasons why the price of crypto has tumbled. It's falling like a rock. Just to give some context, the highest roughly average was around 50,000 USD per Bitcoin. Now it's at around 34. Actually, yesterday or two days ago, it fell down to 29,000, but now it's back up to 34,000. So in the short term at least, this is creating a lot of volatility, which is just a fancy word for saying nobody knows what's going on and that's why the prices are all over the place, up down. I mean, even at a drop of like 29K, din big lang tatasya to 34K. I mean, that's more than 10%. So like if you bought at 29K, may 10% ROI ka na in like two days or something. So there's still definitely money to be made in the crypto space, but it's volatile now. Even more volatile than usual. I find it super funny when people comment now, yeah, crypto is volatile now. It's like, when is it not volatile? Palagin naman yan volatile. I mean, that's personally why I enjoy it so much. It's really a roller coaster. But joking aside, it is even more volatile nowadays. And again, one of the reasons is because China has cracked down. Why has China cracked down? For me, at least there are two reasons. Number one is that control. The Chinese government has always been very particular about tracking the inflows of money out of the country. It's another way for them to keep tabs on their populace, which is something they like to do. The Chinese government is very mindful of what its citizens do. And part of that is tracking how much money they send out, the money outflows, how much money is being sent out of the country because that's an indication of a lot of things. For example, if you're earning a lot of money and you don't want to pay taxes, you send it abroad, for example. So that is tax leakage or money that they could have taxed but they couldn't because it basically ran offshore. So there are a lot of reasons why governments would track money outflows. We do it as well. A lot of governments or most major governments track the outflow of capital or the outflow of money. So much so that there's a term called hot money, right? Like basically money that just invested very quickly, made a buck and then escaped or flowed out of the country again. But with the Chinese, of course, there's that political dimension where they not only like to keep tabs on their citizens, they also like to keep control of their citizens. And one way of doing that is to keep track and secure the outflow of money. And crypto is, of course, very dangerous to that because it's quite easy to send out money without passing through official government channels because if it's your fiat currency, if it's your Rembini or your dollar or your Philippine peso, if it's your Chinese yuan, and I did ask my Chinese friend before, parang Rembini is, I think, slang for cash and then yuan is like what they really call their currency, but parang it's interchangeable. Like you call it Rembini, they'll understand it's Chinese money, yuan, Chinese money. I think I'm not too sure. I don't actually, I don't trade currencies that are not crypto, that are fiat currencies. So, but I asked my friend, like so, I mean, so my friend explained to me like Rembini is Chinese for cash, but, you know, and then that's why it's used as another synonym for their currency, but I believe the official name is yuan. So, it's, you know, with crypto, it's quite easy to send money out. You don't need to send it as yuan. You don't need to send it out as dollar because if it's a fiat currency, it's much easier to track compared to, again, if it's crypto. And that's why a lot of people have been worried about crypto just in terms of, just in terms of police action, like, because it is anonymous, then a lot of people can use it for paying for nefarious or illegal things. And also it can be used to facilitate money laundering or simply sending out money that you don't want the government keeping track of. So, that's one very good reason why the Chinese would decide to crack down on crypto because it's an alternative avenue to send money out of China. And of course, the Chinese government is not fond of that. Or, you know, it's not a fan of having an easy way to send money out. Crazy Player One from YouTube. Pashout out. Or escape well. What's your opinion on NFT games? Yes, this is a fascinating topic for me. I've been reading about it, but I've never played the games. But I do know that there was this documentary paid for by the company. So, it wasn't fully third party and it wasn't purely unbiased. But basically the documentary focused on Filipinos playing games for cash. Like, they earn in crypto or in the, sorry, in the NFT. I think, is it an NFT or it's a crypto? I'm not, because there is a difference. But it's for the particular game. I'm not sure if they were earning, but they were earning in love potion which is the, I don't know. I don't know if I would describe it as an NFT or a crypto. But they were earning in that and then you can convert it into peso. So, a lot of people were using that based on the documentary at least, using that to supplement their income or to fully supplant their income. So, that was their sole job. Or, that is their sole job now. Playing the game to earn love potion which in turn can be traded for Philippine peso. Or escape 12, becoming more and more popular wherein majority of the earnings comes from the said game. What's my opinion? I think it's great that games allow the player to earn something. Kung baga, as a player kasi you're spending your time. You know, you're giving your time to the game. So, it's nice that these games give you something back in return. Of course, that's an interesting debate. Like, you play a game not to earn but to enjoy, right? But there are different, depending on the player, right? And if you're doing it for work then maybe you're better described as a worker rather than as a player where it's not something you do for enjoyment where instead it's something you do yung at to earn money. My opinion, it's fine. More power and I wish more games were like that because especially it's more fit to a particular kind of game. Let's say the world of Warcraft. So, either these RPGs where you need to grind and hang on, let me check something. And I don't know where Raphael keeps the stats here. Anyway, I do think it's more focused. It's better suited to a particular kind of genre. For example, like an MMO where you spend hours and hours and hours leveling up your character. So, it's kind of nice that the game gives something back to you for your time and your devotion. Although it is a double-edged sword because once you put in real money then everything becomes commoditized for lack of a better word. Anything can be bought. That level 100 sword, you don't need to spend 10,000 hours playing to be worthy of that sword. Now you can just buy it from some schmuck who has a robot going on in the background, farming, whatever. So, there is that. It's a trade-off. Overall, I think it's a good thing, but I'm not really a purist, actually, to be honest. Like, oh, you know, it destroys the purity of the game and things like that. I think it makes the game more interesting and more rewarding for the player in the long run. So, that's my two cents on that. But I have never actually played any of the games. They're quite new where they're upfront that you can trade these. You can earn an NFT or you can earn crypto in that game and then you can trade it for actual fee at currency. I haven't actually played a game like that, but they are getting to be quite popular. Second reason why China has decided to crack down or at least from my point of view on crypto is that they don't want the competition because China is actually going to issue a digital U1. I think they've already started issuing it. They've, kumbaga it's in a beta test na nagpadala na sila to certain citizens or they've started distributing it. So, even China recognizes why crypto would be good. And I think actually it's a fantastic opportunity for any government, any sovereign government to jump on board and make their own digital currency. The U.S., ever since World War II, the U.S. dollar has been the currency of choice for international transactions and the U.S. has reaped a lot of benefits from that. It is the international currency, but now China is nipping up the heels of the U.S. and part of their strategy is now let's get ahead of the U.S. in terms of all this digital currency thing. So, they are looking to issue their digital U1. In a lot of ways, China is super advanced. They have Ali, for instance, their citizens are much more comfortable being cashless. So, they have Ali pay, they have all these kind of things where they're comfortable keeping their money just on, just stored in an app, not in a physical currency. And so, the digital U1 is perfect for them because again, they want to keep tabs on their citizens. They want to see like who bought this Porsche for, I don't know what the exchange rate is, 500,000 U1, for example. And the digital U1 is part of their efforts to keep an eye on their citizens, among other things. It is as well a bid to become the future of financial, international financial transactions. So, two reasons why China has suddenly cracked the whip and quite hard. Again, it's like, by some estimates, 90% of miners have fled China. Number one is that it's a bid to keep tabs on the money outflow, the money flowing out of China. And number two, it's also because they're clearing the way for their own digital U1. And what better way to do that than to get rid of their sort of the most marquee name crypto, which is Bitcoin. Let me just go through the comments. Vijay David, the Chinese rackdown is enough to put a dent at the GPU price hike, but with the Philippines having a lot of toots or having a high asshole coefficient. I'd call mid 2022 as a time when GPU prices go back to normal. We actually have seen some slight drops, if you will, but nothing major yet, at least from the suppliers. It really has to come from the supplier side, I feel. Once the suppliers drop, then at least retailers like Hardware Sugar, we just usually have a set markup. We'll just follow. Once it drops, we will also drop. So at least from my point of view, from the shop point of view, it's really dependent on the retailers, sorry, on the distributors, on our suppliers. Lloyd Padilla, pa shout. Oh, no. Hello, Lloyd Padilla. But you didn't ask for a shoutout. Shoutout anyway. Shoutout. Just my thoughts on the whole Chinese thing. It's actually very good for Bitcoin. In the short run, yes, it costs volatility. $50,000 was the high. Now it dropped to $29,000 and now around $34,000. But I think this is a good thing because there was a lot of the institutional investors usually come from the West. So let's say the pension plans in North America, for example, the hedge funds in the States. But there was some reluctance on the part of some of them to invest in Bitcoin because so many miners, like I think 53% of the entire blockchain or 53% or 57% of all miners were located in China at one point. And some super smart guys did the math. I don't really follow it, but if you control a certain number of miners, it's actually possible to tamper with the blockchain, which is the holy grail. You're not supposed to be able to do that because the blockchain is the whole point why people trust the currency in the first place because every, like, I could sell you a Bitcoin. You know, it's authentic. It's legitimate because the blockchain says. So that's the whole mining thing. Mining is when you authenticate or validate transactions just meaning transfers between people of that cryptocurrency. And that mining is that validation checking and doing the crypto, the hash, the math involved to come up with the correct answer and to verify that, yes, this is indeed a valid coin. But I didn't, to be honest, I didn't follow the technical discussion anymore, but supposedly it is possible if you own or if you control a large number of miners to modify tamper or somehow change the blockchain. So some investors such as Peter Thiel, Peter Thiel is super famous in the States. He's a famous investor. Early on, he invested in Facebook and things like that. So he's used to making very visionary investments and he is on record as saying that why he's not very keen on Bitcoin in particular is because of this thing, this perception that the Chinese controlled Bitcoin. But if China has kicked out 90% of its miners, then they need to relocate elsewhere. And a lot of the relocation is happening to places where there's cheap energy such as Iceland, which is in the West, which is a more open society. Miami, the city of Miami in the States is actually encouraging Bitcoin miners to come to them. It's saying that the regulatory market, the regulatory framework in Miami is quite open and more importantly, we have clean nuclear energy. So nuclear energy is considered clean because it doesn't emit any carbon dioxide. Yes, it does have nuclear waste but it doesn't contribute to global warming. And I bring this up because Elon Musk was and we'll get into that's new state bit number two, Elon Musk's tweets. But Elon Musk is maybe the number one focal person why the price has also been like if you can think of one person why the price has been so volatile, it would be Elon Musk. And he said that he wasn't really too keen on Bitcoin anymore because of the impact on the environment. A lot of, it takes a lot of energy to power all of the miners and he was saying that I don't think this is very sustainable. I don't think that's the way forward. And so another possible upside in the long term to China kicking out its miners is that when they relocate they may relocate to places which feature clean energy. And so that might address some of the concerns of some people. Yes, they're consuming energy but the energy is produced through clean methods clean being defined as it does not contribute to CO2 emissions or greenhouse gas emissions. So that would be geothermal, solar, nuclear, things like that. So a very painful short term correction but personally I'm still very bullish or it's hard to, I'm not too concerned yet to be honest with the whole like price crash thing and if you look at the prices, yes, that's crazy, right? I mean, 50,000, it almost hit 25 so that's almost like a 50% drop. Again, it's back around to 34 now talking about Bitcoin but these are all very, for the long term I think getting out of China is good again because it makes it more enticing for big pension funds who might have been worried before that a lot of the miners were based in China and presumptively under some kind of or possible presumptively under some kind of Chinese government control you do want the pension funds, the big guys to come in because that's when the price will go up at a sustainable rate when institutional investors get in when they're confident enough to put their money in there and think that yes, this is a sound investment and then you know, it's a bandwagon thing once it's institutional investors buy into Bitcoin then tuloy-tuloy na yan every mom-and-pop will be interested and because of the increase, prices will definitely go up and number two, why it might be a good thing in the long run is it allows miners to better source their energy I'm going to be moving anyway people have been complaining na mahirap natong yung koreyente mo galing sa coal fired which is really bad for the environment both from a emission CO2 point of view and from a particulate point of view because coal emits these very tiny particles into the air which is bad for your lungs and things like that so coal is actually bad on two fronts it emits CO2 and it can emit particles depending on what kind of coal and what kind of plant is burning it so particulate matter and that doesn't even tally up the environmental damage of coal mines which can be quite devastating so overall, you know, coal is not very environment friendly since the miners are going to move anyway maybe they want to move to a place like Miami which has a better climate and which has nuclear energy and the mayor of Miami actually is super keen on having them there so, say again, let me just go through the comments rockin' the programmer when is crypto not volatile equals when is water not wet indeed Riddell, James, Tamayo, shout out, shout out Agent Disaster, what technical indicators do you use for crypto trading? the indicator here trying to point to my gut I'm not a very big fan to be honest of like looking at the charts and like, oh, it's a big dip or dip and milky way I don't even know the terms I'm just making it up to be honest but that is one way that people trade they try to look at the patterns and think, you know, based on previous patterns then there's going to be X-Dip Truffle, whatever I mean, they come up with all these fancy names I'm not a big fan to be honest I'm just super basic I follow the prices and based on my experience like, oh, it's going to go up it's going to go down then I make my bets accordingly I don't really I try to follow like how many whales or how many people are at this position like 34K but again, it's just something I read about it's not something I super obsess about and maybe it's like 15% of my consideration when I actually buy Ham Ham Smooth La Potion Yes, that's from Axie Infinity Rocket Programmer, grab yung head movement Yeah, because it's like Rafael, my brother has his primary monitor in front of me and then yes, the ultra-wide here on the right actually, I'm not used to it ITX, I did buy an NFT and playing the game develops the NFT's amount oh, so you have to buy the NFT first and kind of you use it in-game? I didn't know that that would be cool though let's say you get a level 1 sword so it's an NFT, so it's unique, right? and then you use it throughout the game so you're leveling it up you're leveling it up and then level 100 na siya that would be nice kasi parang may investment ka so masakit when you actually sell it again, of course, you know you can just put a bot to like level it up for you but that might be an interesting way to at least give to translate the investment of the player's time into monetary value like, yeah, these specific items armor, things like that Linel from Facebook, what's up? M. Carlos, what's your foresight on crypto in the next year? I'm hesitating because I don't really have a forecast again, I'm a very unsophisticated trader although I'm expecting it to go up 29k is quite low already it's probably going to stay at this level for maybe 2 or so months and then something always comes up that will excite people and get them back into crypto the miners will have set up again wherever they've relocated and things like that so I don't really have long term outlooks although in general economies are supposed to pick up this year because a lot more people are getting vaccinated the states has certainly done an admirable job of vaccinating and getting people back to normal I saw news that Airbnb's are super in demand like Airbnb's actually paying people to list their properties because they can't meet up with demand that's how pent up the demand is to travel in the states and they're only like around 50% vaccinated so in general the economy is heating up and I would expect that to translate into higher crypto prices as well the caveat of course being is that everybody's concerned about inflation and that is a big big you know that's a sort of damocles hanging over everything that's a very big concern for everybody if inflation does spiral out of control I expect crypto will drop some people are speculating that people will flock to crypto if inflation goes up because it's a hedge against inflation kung baga my paper money is becoming worthless so I'm gonna put it in something that retains its value i.e. cryptocurrency but to be honest I don't think that crypto is there yet as a sort of institutional source to keep your value piling ko babaksak din yan kung bumaksak ang ekonomiya if the greater on the wider economic trend is downward stocks are down wages are stagnant inflation is super high I don't think crypto crypto is not gold basically people won't flock to it to retain the value of their money I think crypto will also drop so I'm cautiously optimistic about maybe the next 6 months but inflation is a big deal primarily because a lot of smart people have said that high inflation is very likely and that's not good for anybody to be honest crypto traders stock traders fiat currency traders but more importantly for everybody, for you, me for the regular guy on the street high inflation is a terrible thing to happen your makdo meal which cost 100 tomorrow cost 110 so that's 10% increase after a day that kind of very high inflation is not good for anyone and some smart people have actually started investors have started putting their money adjusting their portfolios to take into consideration very high inflation which for me, again I'm just a regular shmuck wondering what to do with the little that I've saved up that's very concerning when smart people with lots of money start putting their money into positions na kung baga put your money where your mouth is sinasabi nila tingin ko talaga tatas yung inflation and this is what I'm going to do once they start putting their money where their mouth is that's really when I start getting frightened investors have started doing that so you know that is perhaps the greatest challenge in the next 6 months it's not Elon it's not China but I think a super high inflation rate would be devastating to crypto as well as the larger economy in general hello jaspers sa pwede magtanong question is r5 to 600 paired with 1650 good nowadays pwede naman to be honest I would prefer 3000 series CPU with maybe a 1660 or 1660 super the 1650 doesn't really do it para kasi medyo yung 1660 medyo maasahan mo na kaya niya lahat ng games maybe not the fastest not at the max settings but 1660 is very good for a wide variety of games yung 1650 kasi parang hulang eh almost there but not quite but if that's what your budget can allow that's fine that's better to my computer to be honest r5 to 600 and 1650 not too bad it's adic expressing doubt that elon expressing doubt on elon's opinion on why the reasoning behind elon's tweet so let's get into elon's tweets so china is a big government and anything that they do will have an impact whether it's on crypto or semiconductor manufacturing or global politics try not to mention our own the philippinesis beef with china because it's not really relevant here but china is a super big country whatever they do will have reverberations elsewhere but if there's one individual who has really who can sway the crypto markets with a word it's elon musk so he was a big fan of douge coin dogy coin, dodge coin so when elon musk tweets the market crashes or the market rises and to be fair it's not just crypto elon musk got in trouble before with the US SEC the SEC is the governing body that regulates corporations and if you're a corporation you're officers and we're talking about tesla here and of which elon musk is the CEO and president CEO I think you're not allowed to say certain things it's kind of like the NBA if you notice if you're a basketball player fan if you're a basket fan tapos yung NBA tapos may magtitweet na general manager na ui player X baka gusto mo di ipat sa amin yun bawal yun and so they get fined right it's the same way with the SEC because companies especially publicly listed companies like tesla they're not allowed to do certain things so elon musk was tweeting like the company private and I already have a buyer already have an investor that will buy out all of the stock that's currently out on the market publicly and we're going to make it private you're not allowed to do that the SEC find elon for those tweets and even basically said that elon needs to have anything that elon tweets he has to pass it through a committee on tesla but the amazing thing about elon musk is that a lot of people bitch about him and they try to restrict him so that committee thing was a joke elon tweets whatever the hell he wants and the crypto markets got hit because he initially seemed to be a big backer let's say of bitcoin and douchecoin bitcoin kasi tesla last year started taking it as payment so imagine it's this up and coming company everybody's heard about tesla everybody's heard about elon musk and then suddenly elon musk is the guy with the laser eyes that's the meme on the internet and then you put laser eyes you put red here sa matamo so suddenly elon musk became a laser eyes guy it's like oh super big into crypto tesla started accepting it as payment so that was a big thing that also helped lift the price of bitcoin but then more recently he appeared on saturday night live he didn't say anything positive about crypto so doggy coin douche coin crash later on he tweeted that he's not really tesla will stop accepting bitcoin as payment because it's bad for the environment which is with the electricity that the miners use is sourced from dirty sources dirty again refers to it produces a lot of emissions so the price of bitcoin dropped and has been dropping it's like a one to punch you got a chinese on one hand and then you have elon musk on the other so it's been very volatile and elon musk is another reason why the price is currently depressed at the moment it's actually interesting why elon decided to accept bitcoin for tesla he said he wanted to prove that it was liquid you accept bitcoin and you can sell it right away and he actually proved that because at one point tesla made more money selling bitcoin or from its proceeds of bitcoin than it did from its actual car sales because grabing a naman talaga yung bitcoin if you get it at a certain price that's like a gain of 30% or something i don't know what the ROI is on a tesla car but i can guarantee you it's not 30% established car makers like toyota like Honda the ultimate ROI on a car is like something like 5% super efficient and cut out all waste and cut out all possible avenues of wastage because their profit margins are so thin when i read about it i was like wow can you imagine all the trouble to make 5% you invest billions in design, in factories you employ thousands of people not just primarily but also andaming mga car parts manufacturers na they supply the big guys like the widgets and the spokes and whatever the airbags which are always getting car makers in trouble so imagine all the trouble for a 5% net return i mean you can do that with crypto in in one day on a good day even more so that figure is always struck with me at the ROI of the car industry and these are established guys i guarantee you that the Tesla ROI is nothing like 30% or whatever you can make on a good day of crypto trading so just to go back to the point Tesla was making more money at one point with its bitcoin transactions and it was actually selling cars and according to Elon Musk to prove that bitcoin was liquid that you can accept it and just trade it for cash quite quickly to be honest i don't know i kind of share itx addicts suspicions regarding his tweet you know why he decided to get out of crypto again it's not like it was a big secret that bitcoin mining uses a lot of energy and a lot of that energy is not very clean so it's like parang ngayon malang nalaman yan and you know Elon is a smart guy he's probably up to date with all sorts of things and that's one thing he's famed for actually getting super nitty gritty and going into the very detailed aspects of everything so you know he just might have thought na the Tesla experiment with bitcoin has proved its point, it's liquid it's actually quite hard for US corporations to accept crypto right now because of the accounting rules as companies you do need to submit audited financial statements and things like that the way crypto is accounted for right now is not very favorable so that on paper at least it looks like your company isn't earning as much as it is and of course companies always want to look like they're earning as much as possible because that draws in more investors makes the public think that you're a reputable and solid company so maybe yeah, good experiment we had fun, time to get out or maybe Elon is just crazy because he's Elon Musk and he doesn't really need to give a damn anymore and he just tweets whatever the hell he wants it's also a possible explanation it doesn't need to be a rational explanation is what I'm saying and I'm not here to read the mind of Elon Musk but that's just news bit number two Elon Musk's tweets have been really impacting the price of cryptocurrencies so much so that people have come up with a new cryptocurrency called Stop Elon the proceeds of which they're going to invest in activities to stop Elon Musk so people have been begging Elon please stop tweeting but he still he doesn't give a damn, he's the second richest man or the number one richest man but he basically can do whatever the hell he wants but I think it's an indication of how of how immature the crypto world is that a one tweet from Elon Musk can send up price spiraling although to be fair a lot of it's not just crypto again a lot of industries live and die with the one tweet of Elon Musk he has amassed a lot of influence for himself it's not just money to be fair Elon Musk isn't so much interested in the money as far as I can tell yes he says he's not interested in the money but aside from that it's like his actions he's not really interested in like the fancy cars and the house and things like that but he has amassed a lot of money and a lot of influence a lot of people look to him so it is an indication that crypto really isn't there yet that it can be bold over by just the word of one man but at the same time Elon Musk does that to a lot of industries so it's kind of like a tit for that kind of thing the next tidbit is I'll end my last new tidbit with a fusion of the super smart rich guy and the NBA because Mark Cuban who is the owner of the Dallas Mavericks for the NBA fans out there also a tech billionaire in his own right he basically invested in a crypto called Titan is it Titan Titan token so invested in Titan token which at one point hit a high of around 64 dollars but around last week it hit it's basically worthless now so like from 64 it crash to zero and what happened basically a bank run some investors while a lot of titans started pulling out and that cost a bank run meaning everybody who had Titan was like oh my god why are people pulling out I'm also going to sell now I'll end up with nothing and so the problem with bank runs is that it's a self fulfilling prophecy people think that whatever asset whatever bank is insolvent or they won't be able to get their money they rush to get their money and so it perpetuates itself the thing you feared is what happened because you tried to prevent the thing that you feared or you tried to prevent you thought it might happen and doing so you actually cost it to happen so there was a bank run on Titan and Mark Cuban basically his investment is worthless now I don't know how much he invested but in his words he took a hit so this is a billionaire saying I kind of lost some money on that I took a hit I just bring up Mark Cuban because even the smart people can make mistakes even the business people who are used to dealing with a lot of money who are used to dealing with risk investments who are used to taking a lot of risk they can make mistakes or they can make bad bets because that's whether you're a small player a big player that's what you're doing when you invest in any cryptocurrency you're making a bet you're betting that this thing will go up in at least the foreseeable future because if you need money by next year it does you know good in 2 years right so you're making a bet that this thing will go up within a specific amount of time and that's a very hard thing to do and even smart people like Mark Cuban get it wrong that's what you should take away from the take away from that is that be cautious when you're investing in crypto don't spend all your money always leave some in your serve and money that you can afford to lose because not everybody is like Mark Cuban when he's sad he can just watch a basketball game being played by his own team right I mean he has a lot of money left to burn a lot of us and myself included need to be careful with what we invest so crypto is a wild ride and savvy businessmen also get taken for a ride sometimes kung sila mas lalo pa tayo all the more reason to be cautious and to be careful so that's it for the news and it's kind of all doom and gloom but why am I still kind of upbeat about the crypto market because we've been here before guys if you watch crypto if you've been following crypto for any length of time you know that palaging ganito palaging super hot yung market everybody and their mother jumps in people I know who had suddenly no interest in crypto huyan to na kikipto ka para paano ba to o did you invest in this and things like that it is wild man kabag sobang inito market like it was two months ago when like it hit 50k and things like that everybody and their mother suddenly wants to invest and starts to invest I'm not saying that's a bad thing I'm not saying that's a good thing I'm just saying that's the way it is the market really heats up super quickly and it spreads like wildfire and just as quickly it goes cold like a rock suddenly prices are depressed it's ice cold man from 50k bumagsak 20-29k just a few days ago and again we've seen this before here are Battlestar Galactic Afan I'm laughing to myself because I used to mention that a lot on media diet and this show is supposed to replace media diet but here I am still talking about BSG excuse me and you know that a popular expression on that show was all this has happened before and it will happen again ganun rin sa crypto sobrang tasnong rise sobrang wild dung bagsak paikot-ikot lang yan personally this was a good correction the market was getting super hot kinakaban ako when it's super hot because I don't know how it will go to be honest I was expecting it to crash this hard to be honest I was expecting a crash but not this hard but that it has crashed I am actually thankful for and yun that's why I am not beat because again this happens pretty regularly market is super hot market is super cold so and when the market is super cold that's when everybody suddenly becomes a crypto expert and they're like sabi ko na sayo pangit yung investment na yan yung crypto wala naman intrinsic value yan we can have a whole episode on people debating like why is bitcoin worth 34,000 neither is your fiat currency because it's no longer backed up by gold reserves which they were before but I don't want to get into it but basically all the crypto skeptics come out kabag sobrang lambig na ng market they're like oh I told you that will it work and oh tina mo but at the top of the price how much money did you lose yung mga I feel like there are a lot of people who have a shod in Freud na parang they are they derive pleasure from the fact that the crypto market has crashed a lot of gamers to be fair a lot of PC people do like it when it crashes gpu prices might return to normal that's different from actually just deriving pleasure because you think people have lost money which to be to be honest I think it's kind of mean at least you know when PC guys like oh yes bagsak to si bitcoin parang they're only doing it because they want prices to go down but you know some people that I hear comment like oh bagsak ni bitcoin hehehe parang feeling ko masaya lang sila kasi they feel that people have lost money which I think is kind of mean and I don't the criticism kinda it's not well thought out the criticism because you just happy it fell because people lost money compared to the fact that yeah okay I don't believe that crypto is good for the environment and so I'm happy that less people are doing it I mean things like that that for me is a more valid criticism than yes I'm happy it fell and I'm happy because it falling meant that other people lost money but pinapasin may kanikanyang opinion personally again I'm quite happy na medyo bumagsaki market again I didn't expect it to go down this much damn douche coin even damn bitcoin 29k man gosh pero that's why I always live by 2 maxims when I'm investing it can always go higher that price that you think parang benta ko naba it can always go higher but it can always go lower yung price na to it na ba yung lowest baka dapat bumalina ako it can always go lower that's one maxim I always think about when I'm investing it can always go higher it can always go lower and number two be greedy when others are afraid and be afraid when others are greedy kabag sobrang taas yung market and everybody and their mother is jumping in because they're greedy to get in on profits and they're like oh hearing about crypto for the first time dun ako na tatako kasi ang wild parang you can't predict what everybody is jumping and it's insane that ethereum went up to like 5000k or something now it's less than 2,000 it was like 1,9 I think it's recovered I think it's slightly 2,000 na 1,8,1,9 yesterday so that's like more than no I think it hit 6,000 actually so it has lost more than 50% of its value ethereum or something so I get really anxious when the market super heats up and a lot of people are interested but now that everybody has run away that's the time na okay now's the time to buy I don't know when the dip will be I don't know kung ito na ba ipilang mababa niya but when others are afraid that's the time I want to be greedy prices are depressed now's the time to buy na kakatakot when it's all time high every day like last month it was all time hi bitcoin all time hi ethereum tans yung problema dun yung fomo fear of missing out na I didn't buy this package napaki at dapat beli di ko na ethereum at 4,000 nga yun 4,500 na siya fomo is real especially in the cryptocurrency market where it happens so quickly and that's why I don't like it when prices heat up too fast kasi mahina yung will power ko e I can only hold I can only hold my fomo for so long before I'm like poochya sige nga beli nga ang douche coin god damn it so that's why I like it when yung medyo control yung medyo cool down mo na tayo guys cool down because at least then I can keep my fomo on check but just to illustrate so I'm gonna put my own wow forgot how much doing these one man streams how much how much saliva I'm abusing but I'm gonna put my money where my mouth is just to illustrate that I like buying when it's super down the best example would be last year, March 2020 at least here in the Philippines that's when we first experienced the first hard lockdown asin sabi nung gobyerno ba walung mo bas ng bahay people started issuing these quarantine passes and daki pang mga I'm not a fan of the quarantine pass to be upfront I think that's kalokohan I don't think it's efficient but March 2020 is when we started doing our first major lockdown it was super hard to move anything move people, move money, et cetera and because that's also when crypto started hitting the states and the western countries that's sorry that's when covid rather started hitting western countries really hard Italy, Spain, the US that's when crypto dropped like a rock man whatever it was it slumped way way down so for example the lowest price I got my bid and so me again I'm saying that be greedy when others are afraid everybody was effing afraid I was also afraid but let's put my money where my mouth is that's what I say that's what I do so bumabagsokin presyo time to buy to be honest sobrang hirap bumali nuna kasi getting Philippine pesos into any kind of account that could fund buying crypto meant like you have to go out and there were limits on like the banks and the banks wouldn't whatever sobrang hasal nun but I really thought it was good investment so I went out the lowest price I got bitcoin for was $6,145 bumabagsokin bitcoin price to $6,145 and imagine mo yan right now it's at around $34,000 $33,000 bumabagsak na si bitcoin na that's not even the highest at $50,000 per bitcoin bumabagsak na siya right now at around $34,000 or $33,000 so even with this major major correction if I sold because I haven't sold that bitcoin if I sold I'm not saying I have one bitcoin guys please don't kidnap me don't I'm saying that I bought some bitcoin at that price kasi if I had one bitcoin at that price di na magano bakasyon na to di ko kailangan mag stream di ko kailangan mag di ko kailangan mag maghirap pa sa shop di ba po siya kung dam ko pa lang bitcoin at $6,000 I'm just saying I'm saying I bought some bitcoin but it's very very small but even with the super major correction if I sell it now at $34,000 per bitcoin sa $34,000 per bitcoin that's like our return on investment of like 500% more like 5 times what you put in so if you put in $10,000 if binintamo right now $50,000 na yun so even with this major market major market correction that is still a very very insane ROI on something I didn't just double my money quadruple monty pentapold it parang ganun not just bitcoin because I do invest in other cryptos because it's good to diversify your portfolio OMG which is a crypto I have no idea what it does and I have no idea what who's issuing it what the plants are again that's what I'm saying I just follow the prices somebody asked me on this in the chat earlier what technical indicators do I follow you can adjust the prices I've seen this thing para maganda yung performance over time so I bought in last March 2020 it was at $0.80 now it's at around $4.20 so again that's like a return of 8 times 5 is 40 so that's a return of 5 times around 500% on an unknown cryptocurrency OMG OMG have I sold those crypto that I bought at the height of the lockdown last year no because for me crypto is a long-term play I very rarely if I get to buy it at a really good price I very rarely sell it I do buy and sell so let's say I wish I had bought at $29 if I had bought at $29 benenta ko na yun yun na $34 money in the bank man don't be greedy that's in the current investment environment if you were savvy enough to buy at $29 I would sell now at $34 money in the bank wait for it to drop buy again so I do buy and sell you know buy low sell high but when I get crypto na sobrang mura na sobrang tumahas I very rarely sell that kasi tingin ko na sa kanya long-term asset sorry long-term investment na yun if OMG hit $4.20 why can't it hit $10 in the future something like that fortunately I don't need the money pa naman so if I get crypto at a very low price I keep it as a long-term investment which brings me to my trading tip for the day which is staking ano ba yung staking staking also is one of the reasons why I don't mind that it's a cold market right now or cold in the sense na sobrang baba ng presyon niya compared to what it was like just a month ago because I've staked a lot of my currencies staking is basically like a time deposit you go to your exchange and you tell them I want to stake my crypto staking or crypto sorry I'm about to hicap or about excuse me staking only certain cryptocurrencies can be staked so you can stake bitcoin, ethereum kava tasos or xtz I think I mentioned ada or cardano already so there are a bunch of not all cryptocurrencies can be staked staking is basically like a time deposit but you can get it back anytime so you go to your exchange and you tell them I want to stake my 0.001 bitcoin they'll take the bitcoin and at least for my exchange they'll give you interest on it kaya nga siya parang time deposit and they'll deposit that interest twice every week at least in the case of my exchange which is cracking yung maganda pa dito you can take it out anytime so you can stake the coin and then you can earn interest mababa yung market niya no problem, I'm still earning because I'm earning interest in that coin if I stake bitcoin the interest also comes back to me in bitcoin and then pag matas na yung market pwede ko na ibenta yung principle pwede ko na mabenta yung interest so your money isn't sleeping with staking you're earning interest in that crypto and yung maganda pa dito it's not locked in you can get it back anytime and it's not like a TD na oh you need to put it in for six months and if you pre-terminate let's say month two pa lang pwede mo nang i terminate you can't terminate it but then you won't get the interest hindi siya ganon you'll still keep all of the interest that you've already accumulated at the time that you remove or unsteak the crypto so for me crypto for me staking which is a relatively recent innovation wala pang ganito two years ago maybe I think it's great man one of the reasons why I don't mind this cold market so much is because I really bought crypto with staking in mind I looked at oh what crypto is offering high staking interest rate and then I really bought into those to be honest siya this isn't my computer so I don't have my portfolio here so I can read out the cryptos that I specifically bought but like tasos I've staked bitcoin I've staked I'll talk a little bit later about staking ethereum because that's that's an exception kava I think also I've staked douche ko and you can't stake at least you can't stake it yet in kraken siya so staking the interest rates are good but not spectacular but at least your money is earning something plus the nice thing about crypto is the prices really skyrocket so fast so let's say you bought a currency at $1 one coin $1 you get 10 coins you stake it at 6% and then overtime that's per annum so overtime let's say you were able to earn one that one coin that you earned as interest before it was $1 because that's the value of the crypto at the time but then what if it goes up so you earn two ways through staking crypto you earn through the intrinsic interest that you earn you're really going to get an x amount of crypto based on how much the interest rate is and how much you put in but you also earn when the currency goes up because your interest isn't fixed at that price the chances are quite high that the price of that crypto will go up which is why I super like staking I don't know I guess a lot of exchanges do it again I only trade for foreign exchanges I only use Kraken none of the local exchanges that I know of and that I use so I use Bloom CoinsPH and Pidax none of those three yet support staking I don't know if the popular foreign exchanges like Binance Coinbase I don't know if they allow staking they probably do if Kraken does it then probably those guys do as well I just stick with Kraken I like the interface I'm familiar with it I trust them with my money so which is another reason why I like using Kraken over the local exchanges for my primary exchanges or my primary trading so that was my investment advice for this episode seriously consider staking if you're using local exchanges that don't support staking I would suggest opening an account in the foreign exchanges just so you can stake because right now we don't know when the prices will go up now's a really good time your money's not being wasted it's still earning interest if you stake before I get to the chat just a word on staking and for Ethereum for all other currencies it's like a time deposit you put your money in there's a fixed interest rate you can take it out anytime you also get the interest that you earn so you get the principle and the interest except from Ethereum because it's in the process of upgrading its blockchain we can do an entire episode on the differences that are being implemented to be honest I haven't really followed the technical specs on what they're planning to do with Ethereum 2 but when you stake Ethereum they tell you that you can't take it out and you can only you'll only get your principle and your interest once the upgrades to the blockchain have been completed so Ethereum is the one exception where the crypto that you put in the Ethereum that you put in that's locked in and the interest is also locked in so it's very possible that you could never get any interest and that you've lost the principle because hindi na talaga matuloy yung upgrading no blockchain in Ethereum for whatever reason although I have again putting money where my mouth is I have I am bullish on staking Ethereum I've done it myself and I continue to do so because I believe in that particular coin it's one of the it's one of the first coins to look at crypto and say that yeah that's cool but we can improve it like the concept of crypto let's really use it to the best of its ability so it allows smart contracts and things like that so the stakeholders seem particularly invested so I am quite bullish on the future of Ethereum I think that they will push through with the planned upgrades that they're talking about and that my money that I put in is not wasted that I will eventually get the principle and the interest but that's one thing you should note about staking Ethereum it's not like the other crypto where you can pull out at any time alright okay that was my talky talky part for the talky talky part for the for this stream sorry usually when I'm streaming for my place I have the monitor in front of me so I can see the chat but now Rafael has it like here dito sa side so get the okay now I flipped it over let me just go through some chats some of the chat messages miyok shout out carlo paulino have you heard of windows 11? I have I have not yet tried it generally generally I don't pay attention to the beta versions although I do know a lot of tech youtubers get a lot of views because a lot of people are interested in like oh how's the new windows and things like that but I'm not really a believer in like teasing people like that kasi beta version palang naman everybody will get to see it eventually so I don't really go out of my way to do those kind of previews na oh nabas ng windows 11 download ko kasi ano pala leak lang pala papakris ano po yung gamit mo na mic this is my brother's mic it's the blue yeti which she quite likes sabarang to ang toa si rafael sa blue yeti I think it's a huge yamble that's why it's so addictive I completely agree it is a gamble it is a gamble whenever I talk about crypto with my friends I always use poker language it's um you're placing your bet sometimes it's a value bet na yeah you know it'll probably go down but there's a chance it'll go up so I wanna make a value bet and things like that so whenever I talk about crypto I usually use the language of gambling specifically of poker because I I do think it is gambling because you don't really have any control I can't shut up Elon Musk I can't shut up the Chinese government so you just gotta kinda roll with it you again it's like gambling you see the cards that you have and you try to make the most the best out of that random rent says for the technical stuff the best is support and resistance I resistance I agree I do tend to take a mental note like usually where the support and resistance levels are yes in that sense I do use those technical markers but for me that's just a function of following the prices once you're comfortable with the prices you will instinctively already like figure out na oh like it's been quite stable at 34 that's why I was surprised when it dropped to 29 but now it's back up to 34 again so 34 is a good resistance level so to speak right now but so yes I do use tech resistance and what's the other one support and resistance although I don't think of them in those terms rogy tiba ang reason kaya mo ba ang price ng crypto kasi marami nag sell out I guess um yes but why why did I mean it's sort of like where we're that's the ultimate effect right I mean why did lots of people sell out because of China because of Elon Musk it's because they lost confidence in it as an investment Jacob Manolo Axie no I really don't have I mean any chance you talk about it I talked about it briefly at the start of the stream I only know about it in I only know about it in concept I've never actually played the game but again I understand na people play the game they earn love potion and then you can trade that love potion for Philippine peso but I don't really feel uh qualified to talk about it beyond that kasi I haven't really played the game yandala cruise hardware sugar thank you so don't papa inom tayo yan sa store soon yes when everybody actually I wanna do that with my staff when everybody's vaccinated and everything inuman tayo sa shop but we have to be quiet kasi I don't know I don't know if the land owner will appreciate us turning it into a bar turning the shop into a bar it's not a bar technically because we're not serving like we're not selling the drinks right but may just trick kasi yung yung ano namin e building namin rocky the programmer may anong ding small makati computer store misariling crypto selling it as candy points daw I really wouldn't know about that I'll have to talk to the developers about that XRP REMS REMS I'm actually yes I do have some XRP I think it was around 40 cents actually but it's around 60 cents now I'm not sure if I remember the prices correctly but man that was like a 50% gain if you if you got in at around 40 cents parang nungchile ko 46 cents but now it's around 69 well done from its all time high though I think it's like a dollar plus for the all time high ITX addicts agrees XRP is awesome XRP a ripple actually is under investigation by the US SEC and it took a hit and when I heard when I heard that news like two three months ago I thought oh and that's it for XRP but again that's why you should take what I say with a grain of salt because I was wrong on that one I thought that it would affect them and it affected them by making the prices go up for some reason XRP even before the all time high started hitting XRP was on a very clear upward trend like ever since they started fighting back against the US SEC ripple actually is also interesting because it was the whole point of the ripple coin is to allow easier sending of money between countries and specifically for OFWs so that's of particular interest to us Filipinos yung asawa mo see fairer nasa cruise ship or something he docks in Italy he wants to send money back here instead of having to use Western Union ripple was supposed to make it easier and to cut back on the transaction costs I haven't actually had to send ripple using that so I don't know how successful they've been but yeah ripple is I would consider ripple as a blue chip cryptocurrency like yung masahan mo nakumbabagsak tatas din siya hindi naman siya mabawala leaf off topic I upgraded my PLD internet to converge fiber and it's so much better I personally hate PLDT one of the early videos on the on our YouTube channel is me complaining about PLDT because they left me hanging for more than a month and I am using converge now I super agree that their service is much better although the reason why I'm streaming from Rafael's room is that for some reason I can't stream properly for my house and I've tried everything to do on my end so I might need to contact converge and ask them to reset the connection on their end or something like that leaf I have a video idea video about affordable microphones from Shopee or Lazada that sounds like a good idea we'll get Rafael to do that parang he seems more Rafael is better at at reviews like that Rilano Guevara Wisefurns from Warren Buffett yes the quote I said earlier I think is from Warren Buffett na when be greedy when others are afraid and be afraid when others are greedy so abrang words to live by yun talaga when I when I'm investing of course don't be stupid right I mean be prudent with your money make research make your own decisions for example that Titan coin it's like oh everybody's that I mentioned earlier everybody's afraid it's down to zero dollars there's a reason why people are afraid now would not be a good time to be greedy about that about that particular token Titan token but in general like the blue chip cryptos that's the advice I follow be greedy when others are afraid and be afraid when others are greedy Mark Perlas from YouTube what do you think of the Shiba to be honest I don't know I've never heard of this crypto before I've invested some for long term investment and hoping for it to hit at least a dollar each I'll take a look I will take a look at Shiba ITX addict na that's how you hodl that's the meme for the douche coin Casey Bolios congratulations my stream yes we finally got the stream off the ground still ify on crypto because at the onset of pandemic last year nobody was like I'll donate everybody has their own reasons for being confused or ify about crypto and that's completely fine again you should listen to everybody's opinions and make your own assessment on if you should be invested and in what coins Pesto has a good question noob question assuming you had 10 bitcoin and it reached 60,000 US per bitcoin and you wanted to sell all of it so that is 600,000 dollars is there a risk that you might not receive all of it because it's a large amount bank regulation amlak et cetera that depends on how you cash it out I assume you're gonna do it by exchange because you can't cash it out by selling it for example like local bitcoins local bitcoins is a site where it's P2P or peer-to-peer so you buy directly from other people if you're selling your bitcoin like that you post on local bitcoins and say that I wanna sell 0.5 bitcoin and people start buying then they will send the money to your local bank account that one probably the bank wouldn't be an issue they're required by law to report certain transactions I think it's above I can't I forget the latest amlak regulations now I think it's above all transactions above 500 get reported but that's automatic reporting it's up to the council to actually go through the records I think oh this is a fraudulent transaction and things like that I've never actually heard of anyone getting in trouble with the amlak because of a sudden influx due to crypto but if you're trying to liquidate all 600,000 600,000 USD worth most likely you're doing it through an exchange and again that really depends number one on the exchange and number two on how quickly you transfer it out because depending on the amounts yes, you do raise a lot of red flags especially like if it's coming from if it's a foreign exchange how are they gonna send the money to you transfer that the bank won't like that banks here get super nervous about that you won't have a hard time liquidating it especially on the big exchanges yung problema yung fiat currency mo nandun lang if it's a foreign exchange what are you gonna do with that how do you get it out you'll have to do it slowly over time yeah so yes there are practical considerations you probably would come up with certain obstacles to eliminating or to getting all of that money quite quickly oh, I'm sorry guys I only saw the latest chat now na freeze yung video I think kasi na matay yung camera well it's not like you're losing anything I was just waving my arms around and stuff nothing really exciting going on in the on the video but at least the stream is still ongoing and yeah so that's pretty much it so we covered some news I covered some of my own trading so shared some of the things I invested in during the height of the pandemic last year still up thank god although it wouldn't be so bad like if crypto drop like if bitcoin drop back down to around 6000 that would be such a steal man and again I wouldn't mind Mark Perilas na yung podcast I wouldn't mind if prices drop that much because like I would okay I wouldn't mortgage my house because my wife wouldn't let me but I would really dig in deep into my savings if bitcoin drop back down to 6000 per coin kasi grave that would be such a steal tatas yan for sure and again that's just my own specific opinion but I would put my money where my mouth is and I would buy so even if it were to drop below 29 that's really not so bad for me these are buying opportunities so did some news did some personal trading and then lastly also some investing advice in terms of using staking to earn money while the market is on a downward turn or kind of bearish or as I like to think of it frozen solid so that was it for the first episode of crypto watch thanks for watching guys thanks for your patience this was the first stream got aborted a couple of days ago but at least now it worked out hopefully we'll do more of this we'll do it once a month I'll try to put in more graphics and stuff to be honest I was just so lazy to like put up like oh headlines China kicks out minors and things like that panagadon but thanks for watching Rafael my brother is dropping a video right after this about his brand new ipad so stick around for that or you know keep refreshing youtube it'll be up like very soon thank you enjoy the weekend stay safe oh and tune in to me tomorrow as we go live from the shop as well thanks for watching