 experiences I've had trading the past month or so. So I do regularly, before I used to trade a lot and I have been in the crypto space for a long time, been interested in the development for quite a long time. Long time viewers know that I've been interested in crypto since Bitcoin was in the single digit, so quite early. But before we get into that, let's just play the ad. So waka na ba sa unactivated windows mo? Well, lucky you! Pinakabago mola sa CDKoffers.com Windows 10 and Windows 11 activation posts. Legit, safe, and pinakamura. Madalilaw morder. Hanabi ang address version na gusto mo. Piliin ang preferred pay pen friend mo. Wala pang 5 minutes na CDK na para sa windows mo. Maraming na kaming na tulungan. Date, 7-D purchase ako. But now, I'm from a log of my life. Date, ing-lesson walang purchase ang life ko. But now, I'm a world-class Zuba instructor. So web developer ako and content creator for a YouTube channel. And ngayon ganun pa rin ako, pero activated na yung windows ko. Kaya ako naghanap ka ng legit, mura, at original software. Check out CDKoffers.com Check out CDKoffers.com Check out CDKoffers.com Yon. So just to do the introduction again, thanks for joining me for another episode of Crypto Watch. I am trying out a different camera angle dito. Usually, nandito sa harap ng primary monitor ko, pero ngayon nandito na sa... send an angle on the side. Just trying to be, you know, spicing up a little bit. But the content or the... what we're gonna be talking about this episode is bakit tumalon yung ripple? So ripple is one of the... one of the OG cryptocurrencies. And last week, it jumped by around 70% in the span of 12 hours. So bakit nangyari yun? Just to put that into perspective, if you bought it prior to the big jump. So let's say you put 10,000 pesos in crypto after the jump. Let's say you sold it at the highest, around 70%. May 17,000 pesos ka na. So yun nga, medyo wild. Just to put things into perspective. Which is why it's interesting to follow the crypto space. Talagang... it's like... I've said it before many times on the show. It's like a roller coaster akit ba ba talaga siya. You know, you can go super dizzying highs and like the bottom. Sometimes when the prices are dropping, you feel that they'll never stop dropping. It's like you're in a free fall. It's like they're dropping like a rock. But... So what happened last week? And then... Because what happened last week has implications not just for repoll. So hindi lang repoll yung napektuhan. It's basically why... For... So crypto has been in crypto winter. Or they call it that kasi sobrang bumagsak yung presyo over the past year or so. To put that into perspective, like Bitcoin was at a high of around... All-time high ata niya mga 60,000 plus US dollar. So for one Bitcoin, I think the highest point it ever reaches around 60 plus K. It plummeted. And then, you know, a lot of things happened. Like yung yung a boom bust cycle siya. So we're currently in the latter stages of the bust cycle. Bumagsak siya to around 19K and then now it's clawed back up to 30. But before the decision... So what happened to repoll? And why did it affect everybody else? One of the reasons for the crypto winter is that the USSEC was investigating a lot of the cryptocurrencies and filing cases against them. Against the developers of those cryptocurrencies. Not just the developers, but also the exchanges. That's bad on multiple fronts. One, if you're an investor, you don't want your investment to suddenly be called into question na, oh, iligal pala yan. Or, if you're an investor, you want a lot of people in the market. The more people putting money into crypto, the better. But if the SEC goes after the exchanges, the primary means by which people are able to exchange. Like, oh, I have dollars, I want to buy crypto. I have pesos, I want to buy crypto. The exchanges are the easiest way to do that. But if a government agency, in this case the USSEC goes after the exchanges, di mahirapan yung mga tao na magpalit ng pera. Yung nga, may hawakaw na pesos, gusto ko palitan into crypto. Without a convenient exchange to do that, then I have no means of doing that. So effectively, I'm cut out of the market. And prior to what happened, the USSEC was really active against crypto so much so that the big exchanges like Binance, like Kraken, already removed some of their functions. Maswere tayong nga tayo dito sa Pilipinas na we still have non-US residents, still have access to those functions. And one of those functions na tinanggal from US residents is staking. So that's relatively a new thing. Dati kasi for crypto, buy and sell lang yun. You buy low, sell high. But recently, or six months, a year ago, they put in staking which is basically like putting your crypto, a particular crypto into a high yield time deposit pero mas mataas. A TD na will get you 5% kung maswere tayong nga. That's 5% per annum. But with the staking of crypto, they'll give you back, the highest I've seen is like 22% per annum. So imagine 22% per annum. But the catch is you're not being paid back in fiat, in US dollar, in Philippine peso, whatever currency. You're being paid back in that crypto. So let's say secret. SCRT is a crypto and it's per annual, it has a staking option of around 22%. Which was removed, yun nga. Some cryptos, that option was removed from US residents because of the actions of the US SEC. So before we go into why XRP jumped up to 70%, a bit of a background, ano ba talaga yung SEC? So that's the Securities and Exchange Commission. A lot of different countries have a similar regulatory body. We have a Philippine SEC. Yung primary function yung SEC is to regulate securities. A common example. So sorry to get like, it's hard, you can't appreciate what happened to XRP if you don't have a little background, kind of metrotechnical. So the SEC's primary function or one of the primary functions is to regulate securities. And a common example of a security is a stock, a share of stock. There are different kinds of securities. Bonds can also be a form of security. Sorry, can be a form of security. But the most common would be stocks. So you have a share in a company that is a security and that's regulated by the SEC. So, saan tumatalon yung US SEC dito? They claim that some cryptos are some, not all. And in particular, actually, not even Bitcoin, the US SEC never claimed Bitcoin is a security. But they claim that some cryptos are securities. And they filed, and because they're securities, dapat may procedures yan, di mo lang po yung basta-basta ng eventa sa isang exchange. Which is what was happening for crypto in the US exchanges. So you would have a coin, whether it's, say, we'll jump to my favorite, this is my favorite way of tracking what's going on at prices. This is a coin index, it's a site, and so I have my coins already listed here. Not that I've invested in all of these coins, but these are the ones that I like tracking. So here's secret, down negative 2%. Today, rep is up 24%. So, you just can't list. If it's a security, you just can't buy and sell them willy-nilly. You just, yun yan, parang di lang, di lang basta-basta ang pwede mo yung elist and pwede mo yung eventa. Because to be fair to the SEC, both the US and the Philippine, they're in place to protect the public from scams. That's essentially why we have these security regulations kasi dati-date unregulated sila, anybody could buy and sell. Maraming na sa scam, like, oh, itong company, kinahipap yung company, sobrang ganda, bumili ka na. And then either the company was a really bad company, it wasn't making any money, it wasn't a real company, yung purely fictitious scam siya. So that's why the regulations are in place to protect the public from investment scams. And so that's why it's important if a particular crypto is tagged as a security, then those procedures need to be followed, which weren't followed. Kasi yung argument nung developers of the crypto and exchanges that allow the buy and sell of those cryptos is that they're not security. So the US SEC says they're securities and therefore A, you can't sell them until you get approval from us, yun yun yun. But the problem is they didn't get approval kasi yung sa kabilang panig sinasabi nung developers and nung exchanges na hindi naman taw securities. So which brings us to what happened to Ripple. Ripple is being developed by Ripple Labs, one of the earliest movers in the crypto space. Everybody's familiar with Bitcoin. Bitcoin is the crypto that brought prominence to this kind of concept of a cryptocurrency. But there are so many other coins out there now. Ripple is one of the OGs. Like Ripple is one of the original ones. And what sets him apart is na actually maganda yung transfer rates nila because whenever you transfer crypto, may cost yun. You pay something to the network. That's what encourages a lot of people to help the network because you get paid also in that crypto. For example, like if you run an Ethereum node. So you think Bitcoin, but Bitcoin is actually not a good medium to transfer value. Let's say OFW ka. You earn 1000 USD. If you send it back by Western Union, let's say for example, may $25 cut nila. So yung maaabot nalang dito sa mga relatives mo dito, it's $975 kasi yung got cut by you have to pay $25 to Western Union for the transfer. One of the touted advantages of cryptocurrency is that mababa nalang yung transfer fees. But that's not true for Bitcoin. Bitcoin is actually a terrible means of transferring value. Yun nga. You have 1000 USD wherever you are. That's what you earn. You buy Bitcoin, then you send Bitcoin here sa atin. Nalugi ka na sa exchange rate one because you had to buy Bitcoin so you had to pay the exchange where you bought it. And then may transfer fee pa, which is usually quite high. Yung maganda sa Ripple, mababa lang yung transfer fees nya. One of the least, one of the cheapest actually that I've come across. So it's still a good deal. If you earn abroad, you want to send money back here instead of using Western Union, you could convert your money into Ripple and XRP and then you send it via Ripple. Mababa lang yung transfer fees nya. So Ripple was one of the earlier currencies targeted by the US SEC na talagang kinasuhan nila na huy security kayo, di kayo sumunod sa mga regulations namin and we should shut you down. So what happened last week? To be honest, I wasn't really monitoring it. I didn't know that they were expecting the decision. But the court handling the case, the US district court in New York handling or hearing the case decided and if you read the news, parang kalam mo sobrang if you read the news, especially when you woke up and you're checking your prices, let's say yung nga and I do have Ripple here in my tracker. Oh here, it's like the third. Currently it's at 0.77. Actually, we can go we can see the big jump here. So the seven day fork was it the seven day? Sentyo to malun like super at crazy times, man. Crazy times. Look at this. So you're at the ceiling here around July 13. Sorry. So it's like around two 13. Yeah. Around a week ago and it jumps all the way. It jumps all the way to around 80 cents. I mean 81 cents from from around 47 cents per Ripple. So that is that's the hockey puck right there. So bakit bakit nangyari bakit nangyari ito? The district court handling the case somewhat decided in favor of Ripple Labs. I say somewhat decided because if you track the crypto website sa crypto news sites at the time parang very general ang yung sinasabi nila na oh na nalo si Ripple Labs oh na nalo yung Ripple and kaya sobrang tumaas and this wasn't just isolated to crypto. This this chart right here you can see it it how it it raised all of the prices of everybody. Not so much Bitcoin like Bitcoin may be went up like about 32K then it's lump back down 30K but the altcoins the alternative coins really had a field day when this news came out kasi sila actually yung mas matatamaan nung decision but yung na if you read the decision it was actually a split decision so yes on one hand the judge said that if you're selling Ripple to individuals hindi siya security so that's a win right I mean now the exchanges can start selling it again to people and in fact they did the exchanges in the states which removed Ripple and other crypto because they were afraid of the US SEC with this decision na malina na sinasabi na hindi siya security and therefore not covered by the SEC regulations if you're selling to individuals and that's the and there's the but right there because it was a split decision the court found that if you're selling to institutional investors like hedge funds banks pensions then it is qualified as a security I haven't read the decision to be honest I meant to prior to this live stream but to be honest just ran out of time before the live stream to be honest I did have time but like now the live stream was late because I ended up playing Starship Troopers and I blame my friend but I am interested in reading the decision because it seems like a very odd decision to me if you know I'm again as a long time readers know I am a lawyer and I like the things I used to do the specific area of law I used to practice is commercial law so actually it's very super interesting and that's why I'm really interested in the crypto space because it dovetails with a lot of my fascinations computer I was a minor before but also like the evolving legal and regulatory framework surrounding crypto yunya for me it's a very like just reading the what happened like oh if you sell it to individuals hindi siya crypto but if you sell it to institutional investors it is crypto sobrang labunon for me I don't I can't understand how a court could arrive at that decision because usually the tests to determine whether something yunya in the law lataman usually may tests yunya is speech can a certain speech be regulated and I don't mean a speech like just when a politician stands up and and gives a talk it can be any speech like this live stream now is considered speech when can speech be regulated there's a test for that clear and present danger test et cetera all usually that's how judges operate they they are given tests by the supreme court like the supreme court is the one who says okay let's use this test kapag may problema na ganito ito yung apply natin and we'll see if it passes the test for securities the common test is the how we test and but yunya usually the test isn't in who the potential buyer is kaya dung usually it's in it's in control so I am really kinda surprise na the court was able to find in favor of ripple if it's sold to individual investors like myself like the audience out there if you're buying into trading crypto but if it's into if it's sold to institutional investors security siya malabo yung yung yung I don't want to comment I haven't read the decision but it's just fascinating to me that the court would arrive at that kind of decision but anyway the effect on the market as you can see on our in our chart is was very clear like only in crypto can you see some ridiculous kind of chart like this I mean like it's like bonkers oh and it even hit then later on mas tumas pa siya lalo nung yesterday okay actually that dovetails nicely into my next topic but yes so that's the reason why ripple shot up and that's also the reason why a lot of the coin shot up because they're people to cope people were like okay yes and again to be fair to the to be fair to the regulators parang sorry not to the exchanges malabo din talaga yung US SEC it's like we want you to follow our rules and then when the exchanges say well what are your rules what applied to us di parang then naging vague nang SEC ayod nga magbigay nung rules kasi if you give rules then you're going to include people and exclude other things gusto lang niya hawak niya lahat um and it's also ganun yung mga administrative administrative agencies eh they want to keep expanding their jurisdiction kasi so sila na yung bida dun and with crypto wala pang ngarregulate sa space na yun di sila na yung bida dun it's like the US SEC kind of took a very proactive approach in saying that these are securities and therefore they should be under us um kong baga na nadadagdagan yung portfolio nung agency na yun mas ma it's another yun it's an influence grab basically um so but when their exchanges say na let us know how ba do we comply wala rin so much so that in another case I'm not sure it was in the ripple case or some other case ah the judge already got upset with the SEC and said na ano ba talaga yung mga regulations that you are asking the exchanges to comply with because one of the arguments of the exchanges is the rules are so vague now you're saying that you're the rule creating body the rule issuing body but you haven't issued any clear cut rules for for this space um so it's like the SEC is trying to have their cake and eat it too na parang kami yung in charge dito pero ayaw raman magbigay nung rules how we want to comply according to the exchanges but then how do we comply because the rules are not clear so um ang laki nung effect to the prices like the prices really shot up especially for Ripple because one it's we're starting to see like medyo may very something that's very up in the air and uncertain medyo nakakonkertize na you're starting to see judicial decisions in place na klinaklarify nila ano you know what will govern crypto regulations um so that's one just a clarity of just the ensuing clarity in the crypto space I'll be at yung nga we're in very early stages but super helpful at least that na mali now so at least there's a judicial precedent na that you can look on and site later on so that's one reason why the decision is super important and why the prices reacted like that at number two also particularly for Ripple yung they can start selling to individuals which the the exchanges have already done they enabled Ripple for us residents again so the super big jump for Ripple not so much for Bitcoin Bitcoin rose with everybody else around to 33 I think or 32 5 32.5 but not it has kind of slump down again so actually the market is in a really weird kind of space right now but this Hockey puck this Hockey puck from Ripple is good kasi I'll also talk a little bit about shorting so basically what I want to talk about today was the decision why Ripple shot up and just how my own trading has been going because yung I am I do trade in the crypto space I just recently started getting back from it after crypto winter kasi sobrang bag sak talgay in prices it was hard to get motivated to look at crypto but you know the space has been heating up again so I've been trying to I've been taking it interested in it and my problem is I trade and I've been doing pretty well with my trades in the green naman ako I only have one trade so far na in the negative tapos sobrang late lang nulos ko dun like 3 US sensor something like super small but my big problem since coming back is that I also short and what's a short basically you're betting that the value of the currency will go down so how you do it is that let's say you have let's say fiyap currency muna tayo let's say $1 is currently at 55 pesos so for every dollar you get 55 pesos now let's say I want to short the peso meaning that I think the peso will drop in the short term so what I do is I borrow somebody's peso I borrow and you can do that through the exchanges also I borrow somebody's crypto at 55 sorry I borrow somebody's peso at 55 pesos sorry I'm trying to think how this how this works out kasi may panang exchange trade pe say sorry let's not just for a super simple example let's not do it anymore with the one USD I just want to short the peso and I am short so the current price is 55 pesos I short it at 55 I borrow somebody's um but you do need the exchange trade fine I borrow somebody's peso at 55 pesos sorry okay sorry okay here's again let's use we have to use an exchange trade it's a dollar one dollar is worth 55 pesos I borrow somebody's dollar when it's at 55 55 pesos yes that's right then the peso drops let's say the ah shoot yes no that's not right I am super confused now trying to explain short thing but then parang it's not a hirap naman exchange trade fine bold sigay wait lang ito nalang let's make it like super simple so let's say this headset is worth 30 pesos I think this val the value of the headset I believe will drop so headset at 30 pesos nasa akin atong headset na to then the value of the headset drops to 25 pesos I now I still have this ah I I owe somebody a headset so I buy a headset at 25 pesos and I give it back to him I've now made 5 pesos kasi in price price difference is 5 pesos initially 30 siya I borrowed it at 30 bumabasha yes bumabasha and now it only costs me 25 pesos to repay something which was initially 30 pesos so you make a 5 pesos spread so yun essentially in shorts sorry I am much better example before and it just confuses me when the exchange rates when when you get exchange rates involved but that's essentially what it is so when you're shorting something you're predicting that it will drop in the near and then when you need to repay back when you need to give back what you borrowed mas mura na siya so there's a price difference involved and you make money on that price difference so my problem is before I was kind of good at shorting like I would kind of be able to predict well anong bababa but like ito yung this is my chart so far for my short sorry that's that's my trading that's all green this is my actual chart for for my for my ano so far and you notice like it's all red like pretty much all red and it's like it's hard to read on screen but it's like $9 loss $3 loss those are kind of big in relation to the to the amounts that I put them in so I've tried like a whole bunch of things like I tried to start Solana OMG atom and I was I was shorting some crypto when the decision came out so na ipit ako doon oh crap everybody's going up then I had to close my position at a loss meaning I borrowed that crypto at a price I had to sell it I had to borrow money I had to buy it at a higher price so yung niya lost talaga yun so my problem so far since getting back into the game has been my shorts game has been terrible and I have I can't have to admit that I can't it's kind of like gambling I mean it's really high risk yung problema kasi sa shorts it's not just if you're trading the only way you can really lose is if you sell it at a loss but there's no carrying cost you're not carry you're not you're not spending any money to to hold that crypto once nabili mo na yung crypto na yun you have that crypto with shorts kasi yung yan nang utang ka so when you borrow so there's a cost when you borrow and there's a cost every four hours based on how much you borrow to the exchange so in 24 hours you get charged six times and so there's a there's a there's an hour leave at four hours basically I just peg it on a daily for my computation that's why there's a daily cost there that's how much I'm charged daily for keeping open that position for keeping open you can see it here on screen there's a starting cost ending cost and then a daily cost also you some all of that up and then you somehow have to make money at the end of it all so but I I was okay with shorts before it's just like yung yan like I don't know I haven't gotten I haven't gotten the rhythm back and so all of my shorts have been most like 75% of my shorts have been terrible terrible shorts das na ipit ako the price suddenly jumps up and like oh my God I made another mistake but yung I mentioned gambling before it's kind of like gambling it's very high risk but it's higher turn but at the same time kasi usually you think you can only make money when the market goes up so you buy low then you need to wait for the market to go up but what if the market is up na ayaw mo na bumili kasi ayaw mo maipit don't bakit bakit ka bibili nung mataas kintay ka pa na kailangan umakit pa ulit yun bago mo ma-benta yun before you can make a profit but if you're if you think the market is high already you can make money by betting it will go down and that's really the for me that's the that's my problem with shorts I always think na bababa talaga to because that's a general sentiment so there's been a lot of upbeat positive news in the crypto space but a lot of the sentiment is still trending towards at least one major correction which we talk about after another ad break So a ka na ba sa unactivated windows mo? 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So web developer ako and content creator for a YouTube channel and ngayon ganun pa rin ako pero activated na yung windows ko Kaya ako naghanap ka ng legit mura at original software Check out cdkeyoffer.com Check out cdkeyoffer.com Check out cdkeyoffer.com So a lot of the experts are saying na feeling nila may isa pang big correction Bitcoin down to 25 it's already at 30 plus K now 25, something like that I also think that is true I think masyadon to mas yung prices in such a short span of time usually bumabagsak yan given these kind of market situations Also an interesting indicator I've seen is na this is not me somebody else suggested it online I kind of agree with it Hindi tumataas yung crypto kumataas yung Nasdaq The Nasdaq is one of the stock exchanges in the states where a lot of the tech stocks are listed Usually daw if you track the performance of the Nasdaq versus the performance of crypto tumataas lang yung crypto kapag medyo stagnant or pababa yung Nasdaq The theory being that since the Nasdaq is not doing so well investors are looking for riskier more potentially high risk yielding assets which crypto is like that di ba high risk, high return So I don't think we're quite there yet So there's been a lot of hype na oh, parang crypto's back and you know mayinit na ulit yung market I do agree that a correction is soonish but yung na that's my problem I keep shorting and I keep losing on the shorts So there's not investment advice don't take my word for it I'm just thinking out loud my own personal thoughts on why I think na babagsak yung crypto in the near future but yung na you can still make money on that there and then here are my trades So my trades look pretty green So my the three things I do at crypto is I try to short when the market is high I buy and sell a short term So this is my short term sheet and then there are crypto that I like to hold when I think na may long term potential tong crypto na to I buy it and then yung I forget about it for like six months or something because I think na may long term potential to So this is just my short term list of gains and stuff and if you notice most of it is pretty good So I've pixeled out how much I've actually spent on the currencies but you can see the currencies I bought and sold XTC, Stazos, Algos, Algorithm LTC, Litecoin, US, XLM Atom malangang Bitcoin or Ethereum dito because those are the big the two big crypto talaga Ethereum and Bitcoin the price changes they are not that big So if you want to kind of like yung na more high risk but high return the altcoins are the way to go So green I made a profit I won't give you the exact numbers but you can see here the interest the how much percent I gained So my best was Algos So it's a 5.6 return in five days So I bought it July 9 here July 9 I sold it July 14 and their turn was 5.6 9% So 5.6 9% after five days is pretty darn good Litecoin 3% after one day bought it July 10 So the July 11 that's 3% 3% right there tried again with LTC Litecoin two days only 0.39% return Atom 1.4% return These guys I'm still in the I'm still lost parin ako dito also bat basic attention token OXT I think I can sell these at a slight profit na but I'm still waiting for them to go up higher Secret a little bit at a loss pa but I'm not too concerned GMT is the first time I bought this coin I just saw na parang bonkers yung performance So I was like Yes, here let's try a little and ADA Minyo malaki pa atalos ko dito sa ADA So these are the coins na that I am slated like if they make a decent profit bentan na yung kagad because I do need working capital but yung nga on my sheet like the trades itself I'm not doing that bad 5.1 with a 5.6 the rest if you can do like a 1.5% return after 2 days that's really good already kasi yung nga makano ba yung average savings account interest rate mo 1.2% per annum TD 3% 5% depending where you get it if you can do 1.5% after 2 days and you just keep doing that for the rest of the year sold na solve ka na I mean that is a that's a great return on your money so the trades are not doing so bad but yung nga the shorts the shorts man are just shorts are killing me and actually bitcoin is below 30K right now the market is in a weird place usually all the coins track bitcoin so kung tumas yung bitcoin tatas din sila in vice versa but there's been a lot of changes oh makers up 14% yeah so there's there's been and rep looks like it gained a lot but actually rep gained a lot like 60-70% din at ato pero kasi pabagsak siya nang pabagsak so I was kinda hesitant to buy into it but yeah the market is in a weird place right now bitcoin is actually it's bitcoin is down but the old coins are doing okay so it's kinda yung nga panang you're not quite sure where yeah but that's what makes crypto trading fun and again this is not investment advice of any fashion but I don't have to keep reminding myself that you don't need to jump on every currency that yung yung ano usually ko it's like oh sabar na tumasa ito siguro babagsak to I mean I have to keep telling myself na relax relax you're not you don't need to jump on every currency that glows red hot and then you know jump on the short train I got burned with bitcoin cash BCH litecoin is supposed to have a halving by August basically the amount of reward to miners gets halved instead of 50 litecoin or something now you only get 25 but if you look and a lot of people think that oh tatas yung value of lite of the currency that's being halved bitcoin also goes through periodic halvings it's built into the system for lite but for litecoin if you look at the history usually actually the price decreases after the halving so you might want to take that into consideration if you're thinking of investing in litecoin and yeah so that was about it for oh sorry guys I didn't akala ko why is chat not showing yeah sorry the chat's not showing so akala ko wala nang nag chat but hello Iverson sub lariboon carry on paul read like oh sa pesto francis chok skradle yes their paper gains in the sense that I made so I trade on kraken so that's a US exchange so my primary I'm liquid in dollars when I sell a crypto and I buy a crypto I use dollars so they are dollars there and yes but yes they're basically useless to me on a practical level until I can somehow get them here or withdraw them if I go to the states if I had a means of doing so so it's true that the money is locked with the exchange but they're not paper gains it's a paper gain if you're holding a crypto the value went up and it's a paper gain because you haven't realized the increase the appreciation value and you can have a paper loss but this one these are realized gains because I changed them I sold them for fiat so I realized the gain but if you mean it in the more general sense that they're kind of useless to me because they're in dollars in a US exchange yes that's true I would still need them somewhere else why is my chat not working like why can't you see wait I'm gonna try something I guess the chat window is broken why here no that kind of sucks one of the highlights of using the services that the chat appears here sorry guys actually I didn't have my chat bar on so akala ko walang nag chat kasi walang lumalabas dito eh to be honest I was kind of sad about that usually we do have a very lively chat oh I'm gonna highlight so I can still highlight nilang lumalabas yung yung message threads thank you for being a hardware sugar customer I like crypto over stocks because their cycle is shorter the boom bust cycle sobrang tata sila sobrang babagsak with stocks kasi they take they usually take a longer time to recover and also I feel I'm more knowledgeable than specific stocks I don't have I don't follow the local stock exchange I don't follow the Dow Jones or the S&P or the NASDAQ but certain coins you get a feel for the numbers parang you're watching just even just watching the prices go ah ito matas na ito for this crypto or Ethereum might lose value because they're currently going through a transition phase whatever the technical stuff behind it so two reasons one I like I like the roller coaster of crypto I like it that the recovery times are usually shorter although yung anakaka atake sa puso when the price drops like a rock but it makes me feel at least na if I put it in crypto and I make a mistake mistake in the sense na nalugya ko paper loss palang din yun e and I can wait for the price to go up and then sell and also yung anakaka I think I'm more knowledgeable about crypto rather than stocks like I wouldn't I wouldn't know which companies to invest in like the Philippine Stock Exchange you got the blue chips like PLDT hate PLDT actually their service stinks so I wouldn't invest in them just on a personal level that's yun parang personal reasons get involved pa but yeah you have the blue chips I don't know how much though I wouldn't be able to get a 5% return like again going back to my trade with Algo I wouldn't be able to make a 5% return in 5 days with any stocks that I know of and so that's why I'm in crypto alright so that's basically the news I wanted to tackle for this episode sabliya magnaye you see chat's not appearing here for some reason I hope re-stream fixes this but anyway yeah so thanks for joining me for another episode of crypto watch if you are trading I hope you buy low sell high watch out for those shorts just other people who are interested in the channel we do have more content tomorrow I'm gonna be live from the shop so that's another live stream and then on Sunday we have a video I can't remember if it's a tera master nas or it is a price watch episode for this month but yeah we have a real schedule going on this weekend stretching over to next week so have a good weekend guys I'm actually gonna go offline now and look at stocks like if I I mean sorry crypto if there's anything here that I wanna jump into because I haven't been able to actually to check the market today yun so have a good evening have a good weekend stay safe and um our podcast also dropped this morning if you are interested in why Elon Musk wants to fight Mark Zuckerberg see you guys