Virtual currency crash! I will teach you how to deal with it.

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Broadcast on November 10, 2022

Chapter ①

good morning

I always talk about NFT, but today is dangerous.

It's been a long time since the virtual currency crashed for the first time in a while.

Is it about 25% off (as of 11/10/2022)

Well, it feels like it's about half the price, and it's a rite of passage for those who entered the world of virtual currency and crypto from NFT.

I probably bought NFT for the first time after listening to the distribution at home, and when I took ETH, I thought, "Is this okay? ’ I guess, everyone thinks.

Everyone thinks so, so I'd like to explain a little.

How many times have I experienced this?

It's a very graphic story, and in just one day, I think I've lost enough money to build a house. Well that's normal.

if the house was a property in the countryside, it would have disappeared more.
Assets are melting. Therefore, I am not unharmed either.

Well, but it's already true. I'm used to it.

I mean, this is the first place.

It's June when the previous crash. It feels like it's been very recent, and it's been crashing recently. Rather.

So now it's probably about the same as the low price in May/June (2022).

You're still a little higher. In terms of ETH, when it hits the bottom, it drops to about $900.

So, ETH is still in the $1,000 range, so it's still crashing this much, but it was worse in June.

The end of May was worse.

So, in that sense, this is already the second time this year.

In terms of experience level... it's coming again. It feels like a typhoon came half a year ago.

It doesn't feel like a big earthquake that comes once every 10 years.

If it's like this, well, it's quite common.

I come here twice a year already.

If you can become like that, you can do it. rest assured.

In conclusion, this kind of thing happens very often.

As it often happens, what is important is that it is important to manage your money properly on the premise that this kind of thing will happen.

As far as I'm concerned, it's been rising recently, so I thought it would be possible to go aggressively and put the risk on, but as expected, it was still unclear. It didn't move in particular.

So, in terms of my risk management situation, it probably hasn't changed since June.

I haven't borrowed anything in particular from there.

You adjusted your portfolio once in May, when the market crashed last time.

I'm adjusting it, and from there, I'm in a low risk state.

I have always been in a risk-off state from the beginning.

Well, it's just that I have to adjust again if I lower it one more step from here, but what do you think?

I'm capturing it with the feeling that I'm going to look at the situation today and make a little judgment.

So, I myself am currently in the process of dissolving assets like that.
The virtual currency is crashing, but it was as expected.

Um.. I assumed but there is no movement in my portfolio especially now.

I wouldn't do anything else here. Well, dare I say, I have a little cash, so I think I should buy more ETH with that cash.

I bought it the other day.
I bought it for about 190,000 yen, so I feel like I can wait for a while.

So, after all, this kind of crash is not limited to cryptocurrencies. can't help.

It means to act appropriately based on that premise.

Therefore, it is often called "new employee training" in the world. I feel like I'm being tested. With a crash like this.

for example.
If you are a little uneasy about your mental state, you are still a beginner.

such a person
The mere hearing of gunshots on the battlefield makes me think, 'Danger! It's dangerous.

If you're already a seasoned soldier, that's normal.
If you observe the battlefield, you will know where you are lacking.

People who are really new to the battlefield are afraid of being shot by someone, or just holding a gun in their hands, right?

That's how it is. It's like a basic battlefield.

It is also a battlefield where you never know what will happen.

When an insanely large bomb falls and something like ``Oh no, I didn't expect this,''
I have to deal with it right away.

Well, my life isn't at stake, but I think it would be nice if you could capture it as if you were playing a game like that.

What I want to tell you today is that the virtual currency is a little　crashing right now.

but, it's a little dangerous when you're thinking about what to do rigth now.

First of all, you may be taking too many risks.

You should adjust your risk.

Well, there is still a possibility that it will fall in the future, and the economy may improve again from here, but even then, we will not forget that such a sudden crash will come.

I will come again. Even in a rising phase to some extent, it is normal to have 20% off with that short-term material. it's virtual currency.
So, the full return that goes back again.

We call it "Zenmo".

It's like when you say "yes, it's up" and you think you're up, you go down, and when you think "it's over", you go up again. It's true, it's normal for this kind of thing to happen on a daily basis.

That's not to say I'm relieved, but well, this kind of crash will definitely come, so it's not limited to virtual currencies.

All investments suddenly crash like this.

So, in a sense, I wonder if we will invest on that premise.

I think it's good to think that the sense of level as an investor is being tested.

Yes, I say it in a pretentious way, but I say it in a pretentious way.

I have been investing in cryptocurrencies since 2010.

After all, after all, it's okay.

It's a lot.

For the time being, in the near past, there is nothing beyond imagination.

For example, it's currently about 25% off.

So, when it becomes half price again, this is also a bit disappointing.

So I think I'm going to lose a lot too. Well, rather than a loss...well,
I wonder if it will work out.
I don't think it's possible to say half price from now on. Based on my experience so far.

I don't know what will happen though. Of course, we have ruled out that possibility.

So, now that you're listening to this, I'm sure you too
I think people who started crypto from NFT are especially scared, but that kind of thing happens often.

You should think of it as training for new employees, yes.

well, so
When it crashes like that, it's my skill as an investor,
Thinking about things like mentality being tested, it's about what actions you should take and how much risk you can take.

I'm seriously saying that, but yes, it's melting like a house's assets, well, it's melting, but you don't feel that rush from me.

Still it differs from person to person. Well, I myself already have my own business to some extent, and I have a fair amount of investment assets,
It feels like it's a little bit different when it's gone.

Maybe here, for example, if you're borrowing money and investing, you're going to have a tough mentality. So, it's very important how you manage your own risk and how you maintain your mental state.

Well, here it is. It's been repeated for a long time.

So, it's important to say, it's to continue to stay.

Well, you say this often.

This market, especially virtual currency and NFT, will continue to grow.

It's a market that has grown so far, so it's not like it's going to stop growing.

This itself. There may be some people out there who are skeptical.

Well, for me, Bitcoin and ETH have become commonplace.

I seriously think that the price of Bitcoin is about 100 million yen per coin.
Well, isn't it?

If you think about it rationally, it's probably possible, but I really think

And as for Ethereum

Ether has also come to be used considerably in the past year or two.

I honestly did not think that Ethereum would be used so much.

So, well, more, more ETH in the future.

It's becoming more convenient and easier to use, and it's becoming commonplace, so I don't think it's that far away for people to use ETH to settle various things.
Well, if you look at it in the long term, the crypto market will not grow well.
It's a little bit, it's better to think about what to do, but it's still going to grow at all.
The important thing is to stay alive.
Basically, it's very important not to leave due to this kind of crash, so if you're about to leave or are at risk of leaving due to this crash,

Just once. I think you should check that portfolio and judge whether you are taking too much risk.

Chapter②

well,
I'm glad that I've become able to look a little old-fashioned.

2018 was already crazy.
After that coin check around 2018 was hacked, the bubble burst.
After experiencing that, and having experienced that, the people who remained after that are probably,
I think you have the same feeling as me, but the winter of 2018 was tough.
Well, it continued until the latter half of 2019.
There is no wind for about two years, and even penpen grass does not grow.

It's true, there was a time like that in 2018.

But I was able to catch up properly even in that situation, at that time. There was an early block chain game. Axies are starting to appear.
After the bubble burst in 2010, Axies came out and became usable.

Well, I'm an Axie.

Do you know Axie?
It's a little over now, but this time last year, it was a block chain game that took the world by storm.

I think I'm probably the second or third person to touch Axies in Japan.

But you know,
There weren't that many people.
At that time, there were really hundreds of people in Japan who were still playing blockchain games.

That's about the only blockchain, that is, if you use ETH properly, it's really only that much.
In 2018, we kind of stayed.
After everyone is gone, Ethereum is still shabby

Ethereum is hard to use, play with it like a toy,

what a game, fucking game, fucking game.evaryone was saying.

There was something like the beginning of play to earn.

It looks like you get some tokens for fighting.
It already happened in 2018.

I used to do that. Well, wonderfully nobody came.
Nobody came.
Well, I also quit halfway through.

Play a blockchain game. Well, I was chasing the information itself,

The game is too boring to play, and it's not fun to play. Well, in 2018, I was already a youtuber,

Well, I liked blockchain, so I continued to talk about blockchain from time to time.

I thought so. I couldn't listen to everything.

Even Voicy,
Probably in 2018, I've been talking about blockchain all the time on cryptocurrency radio, but I don't hear it anymore.
So I gave up.
In the middle of it all, my job is to send out information, so there's no point in doing things that don't have a need.

2018 Well,
I'm collecting information, but after all, I've lost my job with blockchain.
in me.
Then, around the middle of 2019, something called Defy came out that made a slight comeback.

In 2019, I myself made quite a bit of profit at Defy.

Defay has become quite serious since around 2020.
Then, in 2021, the Defy bubble came.
That's a lot.
From around 2021, blockchain has become quite interesting.
It's been about three years since then.

No, three years, three years,
Let me tell you about the winter of the third year. The people who are doing it, including me, well, from those people's point of view, I feel that this crash is not a big deal at all,
After all, what is better than that winter era, and now with blockchain, you can now play this much.
Blockchain games can also be used normally.
2018 isn't fun at all because you can't do anything, it's just a click game.

Blockchain games are still fun, aren't they?
You can play properly, right?

So, now even in crypto ninja,
It's a pallet chain at a crypto ninja party.
It runs on a blockchain called Pallet.

It's working, isn't it?
So, there was a beta version of the tournament the other day, and there are surprisingly normal and interesting games.
Now, besides Crypto Ninja Party, there are blockchain games that you can play normally, and of course nft.
NFT is really fun now, and even if the whole cryptocurrency is winter, NFT will probably be excited by NFT.
Yeah, so the whole thing is like this, even if the market is depressed and it's like a wake.

A warm place is very easy to make now.
That's why I'm looking at it in a very positive way.
While everyone is having fun like this, spring will probably come again.

I'm sure this will come too.
Because the whole cryptocurrency crashed in 2018, and then in 2020-21, it will ignite again at once, and then deflate again.
And this may continue for another year or two.
It feels like it's going up and down like this, and it's like it's slowly going down, but the people who continue to stay there are strong.

That's what it is.
I will come again next time.
I am sure of that.
One more time, not one more time.
Also, I'm looking forward to seeing how many times the virtual currency bubble will come in this life.
Well, I think I'll come often.
I've been here many times, actually.
They're coming.
200 from coming.. When will it be? Around 2025, right?
If a full-fledged bubble comes, it will be about three years from now.
It was the same before.

The bubble burst in 2018, and after about three years, another bubble came, and now it's deflated.

Then, in the next year, two years, it will deflate, and another bubble will come, and then it will burst again.
We are supposed to live in the midst of repetition.
But every time, it's a new use, blockchain technology, so every time it progresses.

So, by all means, yeah, that's why I want it to continue, and the world of blockchain has become overwhelmingly more interesting than it was three years ago.

Really, all night long I want to drink with people who already know that time.

It was terrible.

Seriously, Metamask was already super hard to use, and while blockchain games are nothing but fucking games, I wondered how I could work hard and enjoy this on the user side.

I want you to hold onto it somehow, and I want you to see it, and I think it will be rewarded later.
I myself have increased my assets in the last year.
And it's because I've been clinging to it.
It really is.

Well, anti-Ikehaya is written as someone who is just riding the wave and doesn't know much about blockchains, but I really like it.
I'm just hanging on here because I love blockchain so much and it's super fun.
I always want to see how this permeates society and changes society.

There is no need to stop stretching from there.
Well, I sometimes jokingly say, "I'm retiring from virtual currency," but there's no way I'm retiring.
There are so many interesting technologies out there right now.

It was around the early 2000s when the internet bubble burst. At that time, it felt like the Internet was just a toy after all, and the bubble burst.

There are probably people who gave up after all.
But the result was different, right?
The Internet has taken over the world, hasn't it?
And now blockchain comes out again, and this is how the bubble bursts.

When it crashes, everyone is worried.
Is it really used in this kind of technology, or is this a fake? It's like
Well, there are some people who say this year, but well, let's check the answers later.
I'm definitely on Ethereum and Bitcoin, that kind of blockchain.
I am convinced that such technology will cover the world in the same way as the Internet, if not more.

But it takes time, it takes time so I have no choice but to wait.

And I've been waiting I've been waiting for you.
I've been waiting for it since 2010, and it's already been about five years.

at last.
Now I can see that this kind of world is coming from the beginning.
Especially in the world of NFT, it's really visible, and that's also interesting.

yes.
see you here again I think it's pretty fun to think that it's starting to shake off.
But hey, people who are enjoying NFT right now probably don't care much about this crash, in a good way.

That's probably the way it is.
Even if there is an opportunity to buy ETH now, I think there are people who buy ETH and then buy NFT.

Including such things, the market situation has really changed, and that means that blockchain has become so commonplace.

So, I don't know how far this crash will go, but I'm personally optimistic that there won't be much difference.
I'm relatively optimistic that the use cases will come out properly, and that ETH will not fall to that extent as long as it is properly used.

Chapter③

This time as well, the order of the cause of the crash is somewhat mixed up, but if you explain it lightly, it's a pretty big story.

It's a huge story.
It feels like FTX, which was the second or third largest exchange in the world, went bankrupt.
And maybe that's still the case.
The detailed figures are probably not out yet, but somehow, the debt is about 1 trillion yen.
The liquidity is already depleted in a situation where there is no place that should have about 1 trillion yen, and the depleted liquidity is about 1 trillion yen.
I saw some news reports and some tips and links.

I don't know, but it's dangerous to be short of 1 trillion yen.
If that's true, well, I certainly feel helpless.
But in reality, Japan seems to be in a state of unhappiness and happiness, and Japan is fine.
Japanese cannot use ftx.
Actually it is.
A little while ago, ftx shut out the Japanese, right?
So, well, the result is all right.
Japan has very strict regulations.
As for ftx, we basically had a policy of expanding globally according to the laws of each country.

That's why Ftx has advanced in the form of "Originally, the overseas version of ftx in the home country will not be used by Japanese people. Instead, ftx will be made in Japan, so please use this."
Binance doesn't do that.
After all, that ftx had a policy of developing its business according to the regulations of each country's government, so ftx is like that, Japan is what.
It kind of works in that independent place...

So this time, the big damage, that is, what is happening, Ftx users can't withdraw money, right?
Perhaps there is no more money to withdraw, so there are people who have put money in ftx in tens of thousands or even billions.

There was a person who said that there was a lot of damage in our lab.
Well, I feel like I'll be there.
So, those people are now the original money of ftx, well, it's not a bank, but if you put money in the stock exchange, you won't be able to withdraw all of it. It's like a trillion or something like that.

It's probably a financial accident that will go down in history, and if things go wrong, it could be an accident. .
Well, it means that the whole virtual currency is in a situation where it is crashing.
Well, I feel like giving me a break from ftx. Really.

No, no, wait a minute,
FTX and Adameda are two similar companies.
It's like Ftx and Alameda screwed up, like they're screwing up too big.
No, this is fine, yes. Well, I think the regulators of each country will probably tighten their regulations on centralized exchanges.
As expected, yeah, even if someone familiar with virtual currency sees it.
It seems that you did something like ftx is too dangerous.

Well, in short, what do you do by issuing a large amount of ftt talk yourself and using it as collateral?
Sounds like they made a lot of financial moves.

But what is it?
It feels like we've been doing alchemy all this time.
No, I wonder if they didn't understand that if the ftt crashed, it would be over.
Did they understand?

Well, I don't know, but yeah.
As expected, maybe the US regulatory authorities, well, as expected, everyone probably thinks that it would be dangerous if something like this happened.

Even people who like virtual currency think.
The air that feels like ftx is a little too dangerous is coming out now.
Well, to be honest, I think the regulation will be stricter when it comes to the temperature that everyone is amazed at.
Well, it can't be helped.
Like centralized ftx. Well, Japanese coin checks and bit flyers.
Regulations on such transactions will be further strengthened globally.
Yes, in terms of governance and its transparency, Japan is originally strict, so yeah.
But I don't know, it looks like it's going to get tougher.

Deregulation has come a long way.
This time, the ftx incident has come back quite a bit, and in terms of the industry, it's going to be tightened, so I'm expecting that.

Well, I still don't quite understand the details of the matter, but there was talk of Binance acquiring ftx, but this was soon withdrawn.
Probably, Binance also issued a statement, but I didn't think it was this bad, so it seems to be roughly like that.
The CG is also surprising.
As expected, it's probably the situation.

Well, this case is called virtual currency.
It's a shame. Really.
But what the heck. But, to put it positively, after all, it's just a story that one company messed up.
Well, the Lehman Brothers bankruptcy started like that, so technically speaking, it's not like there's a big flaw in the technology.

Well, on the human side. It's a story about one company that managed to manage it in a hopeless manner, and that caused a chain reaction that caused a great deal of damage.

When you look at it in the longer term.
Well, it seems that such a thing happened once, because it's a story that humans are stupid.
Well, I really like blockchain, and I'm excited about the future in which it will permeate.

Well, blockchain has nothing to do with it.
This time it's a crash that is related to human stupidity, so it feels like "hah".
Well, when it comes to nft, maybe this is a bit of a tailwind for nft, right?
Well, in short, ft. Regulations on virtual currency itself will probably become stricter in many ways.

I think it will be
So, at that time. Well, I guess it will be technological innovation and financial from now on.
Where do you all look for new solutions? I think they will probably ask for it from ntt.
Like Defy.
The regulation of that centralized exchange is likely to be quite strict around tokens in the future, and when it is said that it has already become and will become more in the future, I think that people will probably flow to nft as a base.

Nft is highly legal because it is not a token.
Probably, even if you look at it in each country, it is not included in the virtual currency so-called crypto assets, NFT.

The kind of nft, the thinness of its illegality.
Focusing on such areas, we will create new solutions for new businesses and new finance.
Yeah, I feel like the number of players like that is increasing.
So, in terms of future progress, I think that nft x defy and centralized exchanges handling nft will probably increase.

I think that will basically be a tailwind for people like me who are in the world of NFT.

I don't like that because it's like nft finance, and there's a possibility that people like ftx will do something like this again, and the next time nft will be regulated.
I don't like it.

Well, I guess it keeps repeating itself.
You're human.
Well, it's a very stupid creature, so we're all stupid, all the time.
It's a story that makes me feel this time, including me.
Well, for the time being, well, this kind of thing happens often, so I wonder how it will crash again from here.

Personally, I think it will stop soon.

Speaking of incidents, I apologize to the victims, but I don't feel like the entire virtual currency world will collapse.

It's close to the LUNA shock that was in May of this year.
The virtual currency LUNA has really lost its value to 0, especially in South Korea.
In South Korea and other Asian countries, Japanese people suffered a lot, and there were incidents where people like that blew away a considerable amount of their assets, and that had a considerable impact on the crash in May and June.
Well, in terms of scale, maybe LUNA Shock is bigger

From here on, there are various ftx issues, and I think that reports will come into view, so I would like to catch up again as necessary.
Well anyway, this is what I want to end up with.
It's very common in the world of virtual currency, so even if you're watching the spread and evolution of blockchain, together, don't quit, everyone hold on, have fun, especially nft in the community It's a community, enjoy it and spend it even if winter comes.
I think we can always say that let's all warmly enjoy nft together.

So, have a nice day everyone