1 00:00:00,700 --> 00:00:03,460 [Music] 2 00:00:03,460 --> 00:00:03,470 [Music] 3 00:00:03,470 --> 00:00:06,920 [Music] come to the crypto corner this week 4 00:00:06,920 --> 00:00:06,930 come to the crypto corner this week 5 00:00:06,930 --> 00:00:08,570 come to the crypto corner this week we've got some interesting news for you 6 00:00:08,570 --> 00:00:08,580 we've got some interesting news for you 7 00:00:08,580 --> 00:00:11,150 we've got some interesting news for you but as usual let's start looking into 8 00:00:11,150 --> 00:00:11,160 but as usual let's start looking into 9 00:00:11,160 --> 00:00:13,280 but as usual let's start looking into the market how did the market perform in 10 00:00:13,280 --> 00:00:13,290 the market how did the market perform in 11 00:00:13,290 --> 00:00:17,599 the market how did the market perform in the last seven days if we can see no big 12 00:00:17,599 --> 00:00:17,609 the last seven days if we can see no big 13 00:00:17,609 --> 00:00:20,450 the last seven days if we can see no big changes here last week it was a draw and 14 00:00:20,450 --> 00:00:20,460 changes here last week it was a draw and 15 00:00:20,460 --> 00:00:23,630 changes here last week it was a draw and SEP 274 billion today or currently it's 16 00:00:23,630 --> 00:00:23,640 SEP 274 billion today or currently it's 17 00:00:23,640 --> 00:00:24,980 SEP 274 billion today or currently it's 278 billion 18 00:00:24,980 --> 00:00:24,990 278 billion 19 00:00:24,990 --> 00:00:28,790 278 billion Bitcoin an increase of 2.4% in last 7 20 00:00:28,790 --> 00:00:28,800 Bitcoin an increase of 2.4% in last 7 21 00:00:28,800 --> 00:00:31,640 Bitcoin an increase of 2.4% in last 7 days but if we sort this year by 7 days 22 00:00:31,640 --> 00:00:31,650 days but if we sort this year by 7 days 23 00:00:31,650 --> 00:00:35,209 days but if we sort this year by 7 days we see suddenly compound increasing by 24 00:00:35,209 --> 00:00:35,219 we see suddenly compound increasing by 25 00:00:35,219 --> 00:00:38,810 we see suddenly compound increasing by 292 percent the over 20 coins that had 26 00:00:38,810 --> 00:00:38,820 292 percent the over 20 coins that had 27 00:00:38,820 --> 00:00:41,930 292 percent the over 20 coins that had an increase of over 15% and on the 28 00:00:41,930 --> 00:00:41,940 an increase of over 15% and on the 29 00:00:41,940 --> 00:00:44,720 an increase of over 15% and on the downside only two coins lost more than 30 00:00:44,720 --> 00:00:44,730 downside only two coins lost more than 31 00:00:44,730 --> 00:00:48,170 downside only two coins lost more than 15% so what happened here why is there 32 00:00:48,170 --> 00:00:48,180 15% so what happened here why is there 33 00:00:48,180 --> 00:00:51,049 15% so what happened here why is there suddenly such a big change and if we 34 00:00:51,049 --> 00:00:51,059 suddenly such a big change and if we 35 00:00:51,059 --> 00:00:52,910 suddenly such a big change and if we look into the d-file market cap because 36 00:00:52,910 --> 00:00:52,920 look into the d-file market cap because 37 00:00:52,920 --> 00:00:56,000 look into the d-file market cap because compound is part of the defy market we 38 00:00:56,000 --> 00:00:56,010 compound is part of the defy market we 39 00:00:56,010 --> 00:00:57,889 compound is part of the defy market we see that most of those changes are 40 00:00:57,889 --> 00:00:57,899 see that most of those changes are 41 00:00:57,899 --> 00:01:01,369 see that most of those changes are coming from compound so last week I 42 00:01:01,369 --> 00:01:01,379 coming from compound so last week I 43 00:01:01,379 --> 00:01:04,310 coming from compound so last week I showed you this this chart and it was a 44 00:01:04,310 --> 00:01:04,320 showed you this this chart and it was a 45 00:01:04,320 --> 00:01:07,310 showed you this this chart and it was a 2.3 billion not 6.7 billion as you can 46 00:01:07,310 --> 00:01:07,320 2.3 billion not 6.7 billion as you can 47 00:01:07,320 --> 00:01:10,039 2.3 billion not 6.7 billion as you can see most of that is coming from compound 48 00:01:10,039 --> 00:01:10,049 see most of that is coming from compound 49 00:01:10,049 --> 00:01:12,679 see most of that is coming from compound now let's dive a little bit deeper into 50 00:01:12,679 --> 00:01:12,689 now let's dive a little bit deeper into 51 00:01:12,689 --> 00:01:15,590 now let's dive a little bit deeper into this you can check what happened and if 52 00:01:15,590 --> 00:01:15,600 this you can check what happened and if 53 00:01:15,600 --> 00:01:17,120 this you can check what happened and if we take a look at the compound plot 54 00:01:17,120 --> 00:01:17,130 we take a look at the compound plot 55 00:01:17,130 --> 00:01:20,870 we take a look at the compound plot platform so compound finance we see it's 56 00:01:20,870 --> 00:01:20,880 platform so compound finance we see it's 57 00:01:20,880 --> 00:01:23,450 platform so compound finance we see it's basically like a bank so you can supply 58 00:01:23,450 --> 00:01:23,460 basically like a bank so you can supply 59 00:01:23,460 --> 00:01:26,600 basically like a bank so you can supply money to the environment or you can 60 00:01:26,600 --> 00:01:26,610 money to the environment or you can 61 00:01:26,610 --> 00:01:28,819 money to the environment or you can borrow money and in the case of let's 62 00:01:28,819 --> 00:01:28,829 borrow money and in the case of let's 63 00:01:28,829 --> 00:01:31,850 borrow money and in the case of let's say Bay 80 basic attention token you 64 00:01:31,850 --> 00:01:31,860 say Bay 80 basic attention token you 65 00:01:31,860 --> 00:01:34,340 say Bay 80 basic attention token you will receive 27 percent and if you 66 00:01:34,340 --> 00:01:34,350 will receive 27 percent and if you 67 00:01:34,350 --> 00:01:36,440 will receive 27 percent and if you borrow money you have to pay 34 percent 68 00:01:36,440 --> 00:01:36,450 borrow money you have to pay 34 percent 69 00:01:36,450 --> 00:01:40,749 borrow money you have to pay 34 percent so far everything is fine now last week 70 00:01:40,749 --> 00:01:40,759 so far everything is fine now last week 71 00:01:40,759 --> 00:01:43,280 so far everything is fine now last week compound was listed on coin base and 72 00:01:43,280 --> 00:01:43,290 compound was listed on coin base and 73 00:01:43,290 --> 00:01:45,800 compound was listed on coin base and that caused a huge increase in price and 74 00:01:45,800 --> 00:01:45,810 that caused a huge increase in price and 75 00:01:45,810 --> 00:01:48,410 that caused a huge increase in price and because of that this environment went 76 00:01:48,410 --> 00:01:48,420 because of that this environment went 77 00:01:48,420 --> 00:01:50,450 because of that this environment went absolutely crazy and the reason is that 78 00:01:50,450 --> 00:01:50,460 absolutely crazy and the reason is that 79 00:01:50,460 --> 00:01:52,520 absolutely crazy and the reason is that every time you take out a loan or 80 00:01:52,520 --> 00:01:52,530 every time you take out a loan or 81 00:01:52,530 --> 00:01:54,800 every time you take out a loan or receive money you will be compensated 82 00:01:54,800 --> 00:01:54,810 receive money you will be compensated 83 00:01:54,810 --> 00:01:57,200 receive money you will be compensated with comps which is the native token of 84 00:01:57,200 --> 00:01:57,210 with comps which is the native token of 85 00:01:57,210 --> 00:02:00,740 with comps which is the native token of this platform so you receive money in 86 00:02:00,740 --> 00:02:00,750 this platform so you receive money in 87 00:02:00,750 --> 00:02:02,920 this platform so you receive money in other words if you take out a loan and 88 00:02:02,920 --> 00:02:02,930 other words if you take out a loan and 89 00:02:02,930 --> 00:02:06,499 other words if you take out a loan and to check that there's another website 90 00:02:06,499 --> 00:02:06,509 to check that there's another website 91 00:02:06,509 --> 00:02:10,430 to check that there's another website called predictions dot exchange and if I 92 00:02:10,430 --> 00:02:10,440 called predictions dot exchange and if I 93 00:02:10,440 --> 00:02:13,460 called predictions dot exchange and if I say I want to have 1,000 here 94 00:02:13,460 --> 00:02:13,470 say I want to have 1,000 here 95 00:02:13,470 --> 00:02:17,150 say I want to have 1,000 here so enter 1,000 basic attention token and 96 00:02:17,150 --> 00:02:17,160 so enter 1,000 basic attention token and 97 00:02:17,160 --> 00:02:19,880 so enter 1,000 basic attention token and I do calculate then I see that I will 98 00:02:19,880 --> 00:02:19,890 I do calculate then I see that I will 99 00:02:19,890 --> 00:02:22,760 I do calculate then I see that I will receive on top of those thousand dollars 100 00:02:22,760 --> 00:02:22,770 receive on top of those thousand dollars 101 00:02:22,770 --> 00:02:26,360 receive on top of those thousand dollars I will receive 17 percent interest so I 102 00:02:26,360 --> 00:02:26,370 I will receive 17 percent interest so I 103 00:02:26,370 --> 00:02:27,980 I will receive 17 percent interest so I don't have to pay interest I will 104 00:02:27,980 --> 00:02:27,990 don't have to pay interest I will 105 00:02:27,990 --> 00:02:30,080 don't have to pay interest I will receive 17 percent interest 106 00:02:30,080 --> 00:02:30,090 receive 17 percent interest 107 00:02:30,090 --> 00:02:33,440 receive 17 percent interest now some people are clever and they take 108 00:02:33,440 --> 00:02:33,450 now some people are clever and they take 109 00:02:33,450 --> 00:02:35,540 now some people are clever and they take that money and put it back into the 110 00:02:35,540 --> 00:02:35,550 that money and put it back into the 111 00:02:35,550 --> 00:02:38,540 that money and put it back into the system and that's called yield farming 112 00:02:38,540 --> 00:02:38,550 system and that's called yield farming 113 00:02:38,550 --> 00:02:42,760 system and that's called yield farming and with yield farming you can achieve 114 00:02:42,760 --> 00:02:42,770 and with yield farming you can achieve 115 00:02:42,770 --> 00:02:47,030 and with yield farming you can achieve interests of over 100 percent now I have 116 00:02:47,030 --> 00:02:47,040 interests of over 100 percent now I have 117 00:02:47,040 --> 00:02:48,590 interests of over 100 percent now I have to clearly say at this stage so it's a 118 00:02:48,590 --> 00:02:48,600 to clearly say at this stage so it's a 119 00:02:48,600 --> 00:02:51,050 to clearly say at this stage so it's a huge disclaimer what you're hearing here 120 00:02:51,050 --> 00:02:51,060 huge disclaimer what you're hearing here 121 00:02:51,060 --> 00:02:54,199 huge disclaimer what you're hearing here is not financial advice this is a very 122 00:02:54,199 --> 00:02:54,209 is not financial advice this is a very 123 00:02:54,209 --> 00:02:57,560 is not financial advice this is a very young industry it's guided by software 124 00:02:57,560 --> 00:02:57,570 young industry it's guided by software 125 00:02:57,570 --> 00:03:00,350 young industry it's guided by software and there are plenty of bucks in 126 00:03:00,350 --> 00:03:00,360 and there are plenty of bucks in 127 00:03:00,360 --> 00:03:03,310 and there are plenty of bucks in software and also it can be hacked so 128 00:03:03,310 --> 00:03:03,320 software and also it can be hacked so 129 00:03:03,320 --> 00:03:07,370 software and also it can be hacked so it's a very risky environment and if you 130 00:03:07,370 --> 00:03:07,380 it's a very risky environment and if you 131 00:03:07,380 --> 00:03:09,710 it's a very risky environment and if you don't understand the details of what is 132 00:03:09,710 --> 00:03:09,720 don't understand the details of what is 133 00:03:09,720 --> 00:03:11,630 don't understand the details of what is happening here please do not invest any 134 00:03:11,630 --> 00:03:11,640 happening here please do not invest any 135 00:03:11,640 --> 00:03:13,790 happening here please do not invest any money even small amounts can be 136 00:03:13,790 --> 00:03:13,800 money even small amounts can be 137 00:03:13,800 --> 00:03:17,270 money even small amounts can be dangerous because the fees can be as 138 00:03:17,270 --> 00:03:17,280 dangerous because the fees can be as 139 00:03:17,280 --> 00:03:18,949 dangerous because the fees can be as high as fifteen dollars for one 140 00:03:18,949 --> 00:03:18,959 high as fifteen dollars for one 141 00:03:18,959 --> 00:03:21,620 high as fifteen dollars for one transaction so just to give you an 142 00:03:21,620 --> 00:03:21,630 transaction so just to give you an 143 00:03:21,630 --> 00:03:24,350 transaction so just to give you an example of why one has to be careful 144 00:03:24,350 --> 00:03:24,360 example of why one has to be careful 145 00:03:24,360 --> 00:03:27,350 example of why one has to be careful here's somebody that put money into the 146 00:03:27,350 --> 00:03:27,360 here's somebody that put money into the 147 00:03:27,360 --> 00:03:28,910 here's somebody that put money into the system and took out so he was doing 148 00:03:28,910 --> 00:03:28,920 system and took out so he was doing 149 00:03:28,920 --> 00:03:31,160 system and took out so he was doing yield farming and then suddenly realized 150 00:03:31,160 --> 00:03:31,170 yield farming and then suddenly realized 151 00:03:31,170 --> 00:03:32,420 yield farming and then suddenly realized that he had much less money available 152 00:03:32,420 --> 00:03:32,430 that he had much less money available 153 00:03:32,430 --> 00:03:35,120 that he had much less money available and the reason is that he was liquidated 154 00:03:35,120 --> 00:03:35,130 and the reason is that he was liquidated 155 00:03:35,130 --> 00:03:37,880 and the reason is that he was liquidated because of the interest that he didn't 156 00:03:37,880 --> 00:03:37,890 because of the interest that he didn't 157 00:03:37,890 --> 00:03:40,280 because of the interest that he didn't consider and this is a hard environment 158 00:03:40,280 --> 00:03:40,290 consider and this is a hard environment 159 00:03:40,290 --> 00:03:44,270 consider and this is a hard environment it's guided by software and if you don't 160 00:03:44,270 --> 00:03:44,280 it's guided by software and if you don't 161 00:03:44,280 --> 00:03:46,400 it's guided by software and if you don't have enough collateral in the system you 162 00:03:46,400 --> 00:03:46,410 have enough collateral in the system you 163 00:03:46,410 --> 00:03:48,199 have enough collateral in the system you will be liquidated there's nobody that 164 00:03:48,199 --> 00:03:48,209 will be liquidated there's nobody that 165 00:03:48,209 --> 00:03:50,030 will be liquidated there's nobody that will call you and say hey you need to 166 00:03:50,030 --> 00:03:50,040 will call you and say hey you need to 167 00:03:50,040 --> 00:03:51,650 will call you and say hey you need to put money in this year so you know 168 00:03:51,650 --> 00:03:51,660 put money in this year so you know 169 00:03:51,660 --> 00:03:53,090 put money in this year so you know you're not liquid you're not being 170 00:03:53,090 --> 00:03:53,100 you're not liquid you're not being 171 00:03:53,100 --> 00:03:55,310 you're not liquid you're not being liquidated and that's why you have to be 172 00:03:55,310 --> 00:03:55,320 liquidated and that's why you have to be 173 00:03:55,320 --> 00:03:57,560 liquidated and that's why you have to be really please be careful I'm showing 174 00:03:57,560 --> 00:03:57,570 really please be careful I'm showing 175 00:03:57,570 --> 00:04:00,949 really please be careful I'm showing this to you because defy as such is a 176 00:04:00,949 --> 00:04:00,959 this to you because defy as such is a 177 00:04:00,959 --> 00:04:04,400 this to you because defy as such is a market that is coming as you can see 178 00:04:04,400 --> 00:04:04,410 market that is coming as you can see 179 00:04:04,410 --> 00:04:07,130 market that is coming as you can see it's completely different to what you 180 00:04:07,130 --> 00:04:07,140 it's completely different to what you 181 00:04:07,140 --> 00:04:09,770 it's completely different to what you are accustomed to as a bank customer but 182 00:04:09,770 --> 00:04:09,780 are accustomed to as a bank customer but 183 00:04:09,780 --> 00:04:10,550 are accustomed to as a bank customer but it's the future 184 00:04:10,550 --> 00:04:10,560 it's the future 185 00:04:10,560 --> 00:04:12,560 it's the future yeah it's decentralized which means 186 00:04:12,560 --> 00:04:12,570 yeah it's decentralized which means 187 00:04:12,570 --> 00:04:15,740 yeah it's decentralized which means there is no entity behind this year it's 188 00:04:15,740 --> 00:04:15,750 there is no entity behind this year it's 189 00:04:15,750 --> 00:04:20,199 there is no entity behind this year it's completely autonomous from any federal 190 00:04:20,199 --> 00:04:20,209 completely autonomous from any federal 191 00:04:20,209 --> 00:04:22,909 completely autonomous from any federal institution or financial institution and 192 00:04:22,909 --> 00:04:22,919 institution or financial institution and 193 00:04:22,919 --> 00:04:25,490 institution or financial institution and its global so everybody in the world can 194 00:04:25,490 --> 00:04:25,500 its global so everybody in the world can 195 00:04:25,500 --> 00:04:27,090 its global so everybody in the world can participate here and 196 00:04:27,090 --> 00:04:27,100 participate here and 197 00:04:27,100 --> 00:04:29,280 participate here and you can be your own bank by putting 198 00:04:29,280 --> 00:04:29,290 you can be your own bank by putting 199 00:04:29,290 --> 00:04:31,710 you can be your own bank by putting money into it and taking money out but 200 00:04:31,710 --> 00:04:31,720 money into it and taking money out but 201 00:04:31,720 --> 00:04:33,810 money into it and taking money out but as mentioned you need to understand what 202 00:04:33,810 --> 00:04:33,820 as mentioned you need to understand what 203 00:04:33,820 --> 00:04:36,300 as mentioned you need to understand what this is about and so as long as you 204 00:04:36,300 --> 00:04:36,310 this is about and so as long as you 205 00:04:36,310 --> 00:04:38,700 this is about and so as long as you don't understand things like what is are 206 00:04:38,700 --> 00:04:38,710 don't understand things like what is are 207 00:04:38,710 --> 00:04:41,610 don't understand things like what is are they what do they do what wvd see 208 00:04:41,610 --> 00:04:41,620 they what do they do what wvd see 209 00:04:41,620 --> 00:04:46,470 they what do they do what wvd see wrapped BTC ran BTC dy/dx wrapped eath 210 00:04:46,470 --> 00:04:46,480 wrapped BTC ran BTC dy/dx wrapped eath 211 00:04:46,480 --> 00:04:48,780 wrapped BTC ran BTC dy/dx wrapped eath all those things if you don't understand 212 00:04:48,780 --> 00:04:48,790 all those things if you don't understand 213 00:04:48,790 --> 00:04:52,890 all those things if you don't understand what is happening here please don't put 214 00:04:52,890 --> 00:04:52,900 what is happening here please don't put 215 00:04:52,900 --> 00:04:56,400 what is happening here please don't put money any money into that there is no 216 00:04:56,400 --> 00:04:56,410 money any money into that there is no 217 00:04:56,410 --> 00:04:58,440 money any money into that there is no there is no customer service that you 218 00:04:58,440 --> 00:04:58,450 there is no customer service that you 219 00:04:58,450 --> 00:05:01,580 there is no customer service that you can call in case something goes wrong 220 00:05:01,580 --> 00:05:01,590 can call in case something goes wrong 221 00:05:01,590 --> 00:05:04,770 can call in case something goes wrong but as mentioned this is the future this 222 00:05:04,770 --> 00:05:04,780 but as mentioned this is the future this 223 00:05:04,780 --> 00:05:08,100 but as mentioned this is the future this is where finance will go to because it 224 00:05:08,100 --> 00:05:08,110 is where finance will go to because it 225 00:05:08,110 --> 00:05:09,750 is where finance will go to because it cuts out the middleman it cuts out the 226 00:05:09,750 --> 00:05:09,760 cuts out the middleman it cuts out the 227 00:05:09,760 --> 00:05:14,070 cuts out the middleman it cuts out the bank and you can do business directly 228 00:05:14,070 --> 00:05:14,080 bank and you can do business directly 229 00:05:14,080 --> 00:05:15,750 bank and you can do business directly and it's secured because it's secured to 230 00:05:15,750 --> 00:05:15,760 and it's secured because it's secured to 231 00:05:15,760 --> 00:05:19,440 and it's secured because it's secured to the theorem blockchain so more - more is 232 00:05:19,440 --> 00:05:19,450 the theorem blockchain so more - more is 233 00:05:19,450 --> 00:05:21,960 the theorem blockchain so more - more is to come in this in industry more is 234 00:05:21,960 --> 00:05:21,970 to come in this in industry more is 235 00:05:21,970 --> 00:05:24,630 to come in this in industry more is going to be invented and yeah anyway 236 00:05:24,630 --> 00:05:24,640 going to be invented and yeah anyway 237 00:05:24,640 --> 00:05:29,060 going to be invented and yeah anyway that that's it from me and this week I 238 00:05:29,060 --> 00:05:29,070 that that's it from me and this week I 239 00:05:29,070 --> 00:05:33,270 that that's it from me and this week I hope you enjoyed this short excursion to 240 00:05:33,270 --> 00:05:33,280 hope you enjoyed this short excursion to 241 00:05:33,280 --> 00:05:35,850 hope you enjoyed this short excursion to the defy market then use on what's 242 00:05:35,850 --> 00:05:35,860 the defy market then use on what's 243 00:05:35,860 --> 00:05:38,340 the defy market then use on what's happening there and thank you very much 244 00:05:38,340 --> 00:05:38,350 happening there and thank you very much 245 00:05:38,350 --> 00:05:39,900 happening there and thank you very much for watching and I hope to see you next 246 00:05:39,900 --> 00:05:39,910 for watching and I hope to see you next 247 00:05:39,910 --> 00:05:42,150 for watching and I hope to see you next week again so thank you bye bye 248 00:05:42,150 --> 00:05:42,160 week again so thank you bye bye 249 00:05:42,160 --> 00:05:44,340 week again so thank you bye bye well thanks Robert always appreciate 250 00:05:44,340 --> 00:05:44,350 well thanks Robert always appreciate 251 00:05:44,350 --> 00:05:45,480 well thanks Robert always appreciate your insight 252 00:05:45,480 --> 00:05:45,490 your insight 253 00:05:45,490 --> 00:05:46,890 your insight just a reminder for those of you 254 00:05:46,890 --> 00:05:46,900 just a reminder for those of you 255 00:05:46,900 --> 00:05:49,010 just a reminder for those of you watching at home we are not providing 256 00:05:49,010 --> 00:05:49,020 watching at home we are not providing 257 00:05:49,020 --> 00:05:52,260 watching at home we are not providing basically financial investment advice 258 00:05:52,260 --> 00:05:52,270 basically financial investment advice 259 00:05:52,270 --> 00:05:53,730 basically financial investment advice what we're doing is we're giving you the 260 00:05:53,730 --> 00:05:53,740 what we're doing is we're giving you the 261 00:05:53,740 --> 00:05:54,990 what we're doing is we're giving you the information about the cryptocurrency 262 00:05:54,990 --> 00:05:55,000 information about the cryptocurrency 263 00:05:55,000 --> 00:05:57,330 information about the cryptocurrency market and leaving it up to you to make 264 00:05:57,330 --> 00:05:57,340 market and leaving it up to you to make 265 00:05:57,340 --> 00:05:59,970 market and leaving it up to you to make the decisions