[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,0:00:00.03,0:00:03.36,Default,,0000,0000,0000,,what's up guys so we're back in other
Dialogue: 0,0:00:01.35,0:00:05.43,Default,,0000,0000,0000,,videos today with like a buddy Ethan and
Dialogue: 0,0:00:03.36,0:00:08.67,Default,,0000,0000,0000,,what are you talking about saison oh
Dialogue: 0,0:00:05.43,0:00:11.46,Default,,0000,0000,0000,,let's talk about some price Corrections
Dialogue: 0,0:00:08.67,0:00:13.47,Default,,0000,0000,0000,,and volatility in nation markets because
Dialogue: 0,0:00:11.46,0:00:16.47,Default,,0000,0000,0000,,that's what cryptocurrency markets are a
Dialogue: 0,0:00:13.47,0:00:19.25,Default,,0000,0000,0000,,nation market means new kind of
Dialogue: 0,0:00:16.47,0:00:21.78,Default,,0000,0000,0000,,innovative they're unfamiliar right
Dialogue: 0,0:00:19.25,0:00:23.76,Default,,0000,0000,0000,,nation's markets have a couple of
Dialogue: 0,0:00:21.78,0:00:27.30,Default,,0000,0000,0000,,qualities that make them very volatile
Dialogue: 0,0:00:23.76,0:00:29.22,Default,,0000,0000,0000,,so one they're thin that is there's less
Dialogue: 0,0:00:27.30,0:00:30.93,Default,,0000,0000,0000,,liquidity in these markets and say the
Dialogue: 0,0:00:29.22,0:00:33.72,Default,,0000,0000,0000,,foreign exchange where trillions of
Dialogue: 0,0:00:30.93,0:00:35.64,Default,,0000,0000,0000,,dollars are traded every day on bitcoins
Dialogue: 0,0:00:33.72,0:00:37.38,Default,,0000,0000,0000,,market you might have one or two billion
Dialogue: 0,0:00:35.64,0:00:41.13,Default,,0000,0000,0000,,dollars traded every day as an example
Dialogue: 0,0:00:37.38,0:00:43.83,Default,,0000,0000,0000,,so these markets move in very shocking
Dialogue: 0,0:00:41.13,0:00:45.90,Default,,0000,0000,0000,,ways so I see things on social media
Dialogue: 0,0:00:43.83,0:00:49.35,Default,,0000,0000,0000,,sometimes where you'll have a news
Dialogue: 0,0:00:45.90,0:00:51.84,Default,,0000,0000,0000,,headline that says Bitcoin lost 30% of
Dialogue: 0,0:00:49.35,0:00:53.73,Default,,0000,0000,0000,,its value in one day and it's true
Dialogue: 0,0:00:51.84,0:00:55.56,Default,,0000,0000,0000,,because we heard of a to its high of
Dialogue: 0,0:00:53.73,0:00:57.99,Default,,0000,0000,0000,,whatever the past 24 hours may have come
Dialogue: 0,0:00:55.56,0:01:00.12,Default,,0000,0000,0000,,down quite a lot this is something that
Dialogue: 0,0:00:57.99,0:01:03.60,Default,,0000,0000,0000,,shocks a lot of people and it shouldn't
Dialogue: 0,0:01:00.12,0:01:07.35,Default,,0000,0000,0000,,because these markets are by their very
Dialogue: 0,0:01:03.60,0:01:08.94,Default,,0000,0000,0000,,nature extremely volatile you need to
Dialogue: 0,0:01:07.35,0:01:12.93,Default,,0000,0000,0000,,keep that in mind I think that a lot of
Dialogue: 0,0:01:08.94,0:01:16.05,Default,,0000,0000,0000,,people right now is it is it what's the
Dialogue: 0,0:01:12.93,0:01:19.05,Default,,0000,0000,0000,,company clean coinbase they they added
Dialogue: 0,0:01:16.05,0:01:21.90,Default,,0000,0000,0000,,something like 40,000 new accounts if in
Dialogue: 0,0:01:19.05,0:01:23.55,Default,,0000,0000,0000,,one day yeah one day it went absolute so
Dialogue: 0,0:01:21.90,0:01:25.08,Default,,0000,0000,0000,,so many people rushing into the space
Dialogue: 0,0:01:23.55,0:01:26.73,Default,,0000,0000,0000,,naturally I think there are a lot of
Dialogue: 0,0:01:25.08,0:01:28.47,Default,,0000,0000,0000,,people who are probably unfamiliar with
Dialogue: 0,0:01:26.73,0:01:31.17,Default,,0000,0000,0000,,these markets and then get shocked by
Dialogue: 0,0:01:28.47,0:01:33.12,Default,,0000,0000,0000,,the movements wow they get to get like
Dialogue: 0,0:01:31.17,0:01:35.04,Default,,0000,0000,0000,,their mind gets blown I think a lot of
Dialogue: 0,0:01:33.12,0:01:36.81,Default,,0000,0000,0000,,people may lose a lot of money if
Dialogue: 0,0:01:35.04,0:01:39.72,Default,,0000,0000,0000,,they're not aware of what's going on why
Dialogue: 0,0:01:36.81,0:01:42.18,Default,,0000,0000,0000,,those price shocks happen and again it's
Dialogue: 0,0:01:39.72,0:01:44.79,Default,,0000,0000,0000,,down to new markets that are disruptive
Dialogue: 0,0:01:42.18,0:01:45.24,Default,,0000,0000,0000,,and they're very thin so they move very
Dialogue: 0,0:01:44.79,0:01:48.18,Default,,0000,0000,0000,,quickly
Dialogue: 0,0:01:45.24,0:01:49.62,Default,,0000,0000,0000,,I actually a good example of your if
Dialogue: 0,0:01:48.18,0:01:51.84,Default,,0000,0000,0000,,you're comparing these markets to
Dialogue: 0,0:01:49.62,0:01:54.36,Default,,0000,0000,0000,,traditional crypto or traditional
Dialogue: 0,0:01:51.84,0:01:55.59,Default,,0000,0000,0000,,currency markets you'll find where I
Dialogue: 0,0:01:54.36,0:01:58.02,Default,,0000,0000,0000,,mentioned trillions of dollars are
Dialogue: 0,0:01:55.59,0:02:00.03,Default,,0000,0000,0000,,traded every day you'll find that the
Dialogue: 0,0:01:58.02,0:02:01.50,Default,,0000,0000,0000,,spread in these market the difference
Dialogue: 0,0:02:00.03,0:02:05.14,Default,,0000,0000,0000,,between the buy price and the sell price
Dialogue: 0,0:02:01.50,0:02:07.39,Default,,0000,0000,0000,,are fractions of a penny in fact on the
Dialogue: 0,0:02:05.14,0:02:10.09,Default,,0000,0000,0000,,most popular traded currency pair the
Dialogue: 0,0:02:07.39,0:02:11.83,Default,,0000,0000,0000,,euro US dollar the spread is sometimes
Dialogue: 0,0:02:10.09,0:02:13.33,Default,,0000,0000,0000,,as low as zero which means the prices
Dialogue: 0,0:02:11.83,0:02:14.98,Default,,0000,0000,0000,,actually match each other and they're
Dialogue: 0,0:02:13.33,0:02:18.82,Default,,0000,0000,0000,,just waiting for people to pick up the
Dialogue: 0,0:02:14.98,0:02:22.21,Default,,0000,0000,0000,,orders so in those markets you'll see
Dialogue: 0,0:02:18.82,0:02:24.10,Default,,0000,0000,0000,,that's that's incredible liquidity lots
Dialogue: 0,0:02:22.21,0:02:26.44,Default,,0000,0000,0000,,and lots of liquidity to access for
Dialogue: 0,0:02:24.10,0:02:29.26,Default,,0000,0000,0000,,traders in the crypto markets you will
Dialogue: 0,0:02:26.44,0:02:32.83,Default,,0000,0000,0000,,find spreads oftentimes of several
Dialogue: 0,0:02:29.26,0:02:35.71,Default,,0000,0000,0000,,dollars between bid and ask prices so
Dialogue: 0,0:02:32.83,0:02:37.39,Default,,0000,0000,0000,,again these markets are thinner than
Dialogue: 0,0:02:35.71,0:02:39.88,Default,,0000,0000,0000,,markets that are much more
Dialogue: 0,0:02:37.39,0:02:41.95,Default,,0000,0000,0000,,well-established they're newer so people
Dialogue: 0,0:02:39.88,0:02:44.53,Default,,0000,0000,0000,,are trying to find one more price
Dialogue: 0,0:02:41.95,0:02:45.19,Default,,0000,0000,0000,,discovery as people as more people enter
Dialogue: 0,0:02:44.53,0:02:47.05,Default,,0000,0000,0000,,the market
Dialogue: 0,0:02:45.19,0:02:48.28,Default,,0000,0000,0000,,it becomes more volatile because more
Dialogue: 0,0:02:47.05,0:02:49.39,Default,,0000,0000,0000,,and more people then have a best of
Dialogue: 0,0:02:48.28,0:02:50.86,Default,,0000,0000,0000,,financial interest in the price
Dialogue: 0,0:02:49.39,0:02:52.27,Default,,0000,0000,0000,,direction going one way or another and
Dialogue: 0,0:02:50.86,0:02:54.10,Default,,0000,0000,0000,,there are people who have a vested
Dialogue: 0,0:02:52.27,0:02:56.71,Default,,0000,0000,0000,,interest in prices going down as are
Dialogue: 0,0:02:54.10,0:02:58.72,Default,,0000,0000,0000,,called short traders so what I'm trying
Dialogue: 0,0:02:56.71,0:03:01.69,Default,,0000,0000,0000,,to explain is that these markets are
Dialogue: 0,0:02:58.72,0:03:04.30,Default,,0000,0000,0000,,extremely volatile and if you're seeing
Dialogue: 0,0:03:01.69,0:03:06.46,Default,,0000,0000,0000,,price shocks you need to keep your wits
Dialogue: 0,0:03:04.30,0:03:09.85,Default,,0000,0000,0000,,about you and understand this this is
Dialogue: 0,0:03:06.46,0:03:11.92,Default,,0000,0000,0000,,this is a logical rational way for this
Dialogue: 0,0:03:09.85,0:03:13.57,Default,,0000,0000,0000,,market act just because it's so thin if
Dialogue: 0,0:03:11.92,0:03:15.73,Default,,0000,0000,0000,,everything I not to mention there's only
Dialogue: 0,0:03:13.57,0:03:18.31,Default,,0000,0000,0000,,certain key players such as central
Dialogue: 0,0:03:15.73,0:03:20.74,Default,,0000,0000,0000,,exchanges and control the whole inflow
Dialogue: 0,0:03:18.31,0:03:22.03,Default,,0000,0000,0000,,and outflow of crypto itself yet we
Dialogue: 0,0:03:20.74,0:03:23.65,Default,,0000,0000,0000,,definitely should actually mention
Dialogue: 0,0:03:22.03,0:03:25.96,Default,,0000,0000,0000,,manipulation that's going to bring up
Dialogue: 0,0:03:23.65,0:03:28.72,Default,,0000,0000,0000,,because manipulation is something I
Dialogue: 0,0:03:25.96,0:03:30.43,Default,,0000,0000,0000,,think we'd all like to deny oh no these
Dialogue: 0,0:03:28.72,0:03:34.06,Default,,0000,0000,0000,,markets are pure and wonderful now that
Dialogue: 0,0:03:30.43,0:03:37.39,Default,,0000,0000,0000,,they initially wanted a manipulation
Dialogue: 0,0:03:34.06,0:03:39.25,Default,,0000,0000,0000,,absolutely occurs and again it's largely
Dialogue: 0,0:03:37.39,0:03:43.06,Default,,0000,0000,0000,,because these markets are new but also
Dialogue: 0,0:03:39.25,0:03:44.68,Default,,0000,0000,0000,,because these markets are the skirt
Dialogue: 0,0:03:43.06,0:03:48.22,Default,,0000,0000,0000,,regulation I think in a lot of in a lot
Dialogue: 0,0:03:44.68,0:03:49.93,Default,,0000,0000,0000,,of cases so as you get these new markets
Dialogue: 0,0:03:48.22,0:03:51.37,Default,,0000,0000,0000,,with a lot of new people who don't
Dialogue: 0,0:03:49.93,0:03:52.48,Default,,0000,0000,0000,,necessarily understand what's going on I
Dialogue: 0,0:03:51.37,0:03:55.45,Default,,0000,0000,0000,,think those people are easy to take
Dialogue: 0,0:03:52.48,0:03:58.44,Default,,0000,0000,0000,,advantage of if you run a centralized
Dialogue: 0,0:03:55.45,0:04:00.91,Default,,0000,0000,0000,,exchange you have opportunity to
Dialogue: 0,0:03:58.44,0:04:02.65,Default,,0000,0000,0000,,manipulate prices and even in in
Dialogue: 0,0:04:00.91,0:04:03.11,Default,,0000,0000,0000,,regulated environment so that might be
Dialogue: 0,0:04:02.65,0:04:07.34,Default,,0000,0000,0000,,very
Dialogue: 0,0:04:03.11,0:04:09.92,Default,,0000,0000,0000,,attempting to decide that hey if I can
Dialogue: 0,0:04:07.34,0:04:12.68,Default,,0000,0000,0000,,just hide the behavior I may be able to
Dialogue: 0,0:04:09.92,0:04:14.66,Default,,0000,0000,0000,,make an extra million or two that's a
Dialogue: 0,0:04:12.68,0:04:16.28,Default,,0000,0000,0000,,very very tempting position for somebody
Dialogue: 0,0:04:14.66,0:04:18.65,Default,,0000,0000,0000,,who's running a centralized exchange to
Dialogue: 0,0:04:16.28,0:04:21.14,Default,,0000,0000,0000,,be in to manipulate prices to metric to
Dialogue: 0,0:04:18.65,0:04:23.30,Default,,0000,0000,0000,,manipulate their customers to manipulate
Dialogue: 0,0:04:21.14,0:04:26.18,Default,,0000,0000,0000,,liquidity and price feeds so that
Dialogue: 0,0:04:23.30,0:04:28.61,Default,,0000,0000,0000,,behavior it's sometimes hard to prove
Dialogue: 0,0:04:26.18,0:04:29.66,Default,,0000,0000,0000,,and often times impossible but I think
Dialogue: 0,0:04:28.61,0:04:31.43,Default,,0000,0000,0000,,it's very naive to think it doesn't
Dialogue: 0,0:04:29.66,0:04:33.89,Default,,0000,0000,0000,,happen so we need to be aware of that
Dialogue: 0,0:04:31.43,0:04:36.29,Default,,0000,0000,0000,,and also this is why decentralized
Dialogue: 0,0:04:33.89,0:04:38.09,Default,,0000,0000,0000,,exchanges are more and more compelling
Dialogue: 0,0:04:36.29,0:04:41.33,Default,,0000,0000,0000,,as because if you have these centralized
Dialogue: 0,0:04:38.09,0:04:42.92,Default,,0000,0000,0000,,of administrations these centralized er
Dialogue: 0,0:04:41.33,0:04:44.78,Default,,0000,0000,0000,,well they're like what and failure like
Dialogue: 0,0:04:42.92,0:04:46.94,Default,,0000,0000,0000,,yeah look at back just two weeks ago is
Dialogue: 0,0:04:44.78,0:04:49.40,Default,,0000,0000,0000,,still ongoing sometimes the DDoS attacks
Dialogue: 0,0:04:46.94,0:04:50.72,Default,,0000,0000,0000,,sure exactly exchanges can't they're
Dialogue: 0,0:04:49.40,0:04:53.06,Default,,0000,0000,0000,,their manipulators they're they're
Dialogue: 0,0:04:50.72,0:04:55.25,Default,,0000,0000,0000,,exposed to attacks they can be brought
Dialogue: 0,0:04:53.06,0:04:58.07,Default,,0000,0000,0000,,down right I think this is a problem
Dialogue: 0,0:04:55.25,0:05:00.47,Default,,0000,0000,0000,,with baloney axis scaling their hardware
Dialogue: 0,0:04:58.07,0:05:02.51,Default,,0000,0000,0000,,Polonia X has these constant problems
Dialogue: 0,0:05:00.47,0:05:04.13,Default,,0000,0000,0000,,not to say the plenty X's at arable
Dialogue: 0,0:05:02.51,0:05:05.57,Default,,0000,0000,0000,,exchange rating but they run into
Dialogue: 0,0:05:04.13,0:05:07.22,Default,,0000,0000,0000,,problems just like any other exchange
Dialogue: 0,0:05:05.57,0:05:09.41,Default,,0000,0000,0000,,crack and runs into these problems as
Dialogue: 0,0:05:07.22,0:05:11.09,Default,,0000,0000,0000,,well exchanges run into problems where
Dialogue: 0,0:05:09.41,0:05:12.44,Default,,0000,0000,0000,,their hardware isn't necessarily meeting
Dialogue: 0,0:05:11.09,0:05:14.54,Default,,0000,0000,0000,,the demand of their customer base and
Dialogue: 0,0:05:12.44,0:05:16.91,Default,,0000,0000,0000,,also not just above demand of the
Dialogue: 0,0:05:14.54,0:05:19.43,Default,,0000,0000,0000,,customer base but are open to attack
Dialogue: 0,0:05:16.91,0:05:20.69,Default,,0000,0000,0000,,people can like you said DDoS attack or
Dialogue: 0,0:05:19.43,0:05:22.73,Default,,0000,0000,0000,,that's a distributed denial of service
Dialogue: 0,0:05:20.69,0:05:24.68,Default,,0000,0000,0000,,attack they can try to bring these
Dialogue: 0,0:05:22.73,0:05:27.04,Default,,0000,0000,0000,,exchanges down disrupt the prey and in
Dialogue: 0,0:05:24.68,0:05:29.66,Default,,0000,0000,0000,,if price is actually moving really fast
Dialogue: 0,0:05:27.04,0:05:30.98,Default,,0000,0000,0000,,attacking an exchange creates market
Dialogue: 0,0:05:29.66,0:05:34.40,Default,,0000,0000,0000,,uncertainty of net exchange there's a
Dialogue: 0,0:05:30.98,0:05:35.90,Default,,0000,0000,0000,,lot of a lot of market share so there
Dialogue: 0,0:05:34.40,0:05:37.70,Default,,0000,0000,0000,,are always risks of centralized
Dialogue: 0,0:05:35.90,0:05:39.53,Default,,0000,0000,0000,,exchanges not necessarily just
Dialogue: 0,0:05:37.70,0:05:41.87,Default,,0000,0000,0000,,corruption but also just as a mere set
Dialogue: 0,0:05:39.53,0:05:43.82,Default,,0000,0000,0000,,points of failure this is a again
Dialogue: 0,0:05:41.87,0:05:46.97,Default,,0000,0000,0000,,something we got to keep in mind all of
Dialogue: 0,0:05:43.82,0:05:49.58,Default,,0000,0000,0000,,these things add up to a volatile price
Dialogue: 0,0:05:46.97,0:05:52.04,Default,,0000,0000,0000,,point even more reason to not keep your
Dialogue: 0,0:05:49.58,0:05:53.81,Default,,0000,0000,0000,,crypto on exchange there's that fear
Dialogue: 0,0:05:52.04,0:05:56.36,Default,,0000,0000,0000,,don't keep your crypto on exchanges that
Dialogue: 0,0:05:53.81,0:05:58.34,Default,,0000,0000,0000,,vendor you use a good wallet I use a
Dialogue: 0,0:05:56.36,0:05:59.99,Default,,0000,0000,0000,,cold wallets or use any wallet that
Dialogue: 0,0:05:58.34,0:06:01.90,Default,,0000,0000,0000,,happens to see phrase back up and back
Dialogue: 0,0:05:59.99,0:06:04.64,Default,,0000,0000,0000,,up your stuff yeah for sure definitely
Dialogue: 0,0:06:01.90,0:06:06.95,Default,,0000,0000,0000,,use a wallet that you're going to be
Dialogue: 0,0:06:04.64,0:06:09.17,Default,,0000,0000,0000,,able to recover if you say break your
Dialogue: 0,0:06:06.95,0:06:11.12,Default,,0000,0000,0000,,phone or burn your computer down
Dialogue: 0,0:06:09.17,0:06:16.31,Default,,0000,0000,0000,,rage of frustration after Bitcoin lost
Dialogue: 0,0:06:11.12,0:06:18.62,Default,,0000,0000,0000,,30% of its value one day that's it be
Dialogue: 0,0:06:16.31,0:06:21.32,Default,,0000,0000,0000,,safe be aware keep your wits about you
Dialogue: 0,0:06:18.62,0:06:22.46,Default,,0000,0000,0000,,these are volatile nation markets you
Dialogue: 0,0:06:21.32,0:06:23.96,Default,,0000,0000,0000,,need to keep that in mind I think it's
Dialogue: 0,0:06:22.46,0:06:25.46,Default,,0000,0000,0000,,just really important that people just
Dialogue: 0,0:06:23.96,0:06:26.72,Default,,0000,0000,0000,,understand that awesome well thanks for
Dialogue: 0,0:06:25.46,0:06:28.04,Default,,0000,0000,0000,,sharing all right guys have any
Dialogue: 0,0:06:26.72,0:06:30.02,Default,,0000,0000,0000,,questions for us leave a comment below
Dialogue: 0,0:06:28.04,0:06:31.52,Default,,0000,0000,0000,,this video as well make sure you share
Dialogue: 0,0:06:30.02,0:06:34.66,Default,,0000,0000,0000,,this video and we'll talk to you soon
Dialogue: 0,0:06:31.52,0:06:34.66,Default,,0000,0000,0000,,peace toodles