Hey booktube, it's 1138 p.m. So I'm about to head to bed, but I do need to give an update for day 5, and I'm sorry I haven't vlogged a lot today, but it's been a very uneventful day reading-wise, but a very eventful day for me in general. So I have been listening to my audiobook. I have just under four hours. I've got three hours and 53 minutes. So that's pretty good. I still haven't read any more if I'm number four, but I'm gonna read at least a few chapters before I go to bed tonight. And that's really all I have to say reading-wise about today, because I woke up, I went to work, I came home, I edited videos, and I recorded for the challenges, and then my sister and her boyfriend came into town, and we went out for dinner to celebrate my mom's birthday, and then we played games. So, and I think that's pretty much how this weekend is gonna go. I really just need to finish I'm number four and watch Maleficent, and then I'm technically good. It'd be nice if I could read more, but I just don't know if that's really gonna happen. Alright, so with that I'm going to, did you do good nights? I'm gonna read a couple chapters and go to bed. I'll update you if I can in the morning, but again I have another very busy day, so we'll see. 9.16 in the morning, and it's day six of the reading challenge, but as you can probably tell by now, I'm here with my dad. Yeah, we're nervous, it's great. And we are actually downtown Grand Rapids right now. We're participating in The Color Run, which is the happiest run on the planet. It's a 5k, it's the happiest 5k in the world, thank you dad. So yeah, my dad and I are walking it, because I hate running, and he has a bad knee, but we finally got him to do it this year. Yes. I am going to be listening to my audiobook throughout this run. I have just under four hours left, so I'll get a good chunk of it done today, if not the entire thing. And my dad is also listening to his audiobook. He is like the original audiobook listener of the family. And so yeah, I'm just going to take you along this run a little bit. We're about to get very, very colorful. The first color station is coming out, so this is not going to be clean anymore. Yes, I did it. The first two color stations. The first one was a tie-dye pink and yellow. And our first drink. Yes, and our first drink, because I just chugged. So I don't give you a lot of time to drink that. And then our second one was like a green blue. We haven't gotten very much color yet. You're going to get my pants. Right, we're getting there. It's like on our number pad rather than like our white shirt. So I'm going to see if I can't fix that for the next color station. What do we have coming up? Do we have blue? Do we have blue? I thought we just had some blue. Oh yeah, we have blue coming up. So we're going to get some more blue. And then I know purple is the end. I am listening to...oh, I forgot the name of it. Do you know the author? Um, something Cramer. I'm listening to the turncoats, Gambit, Andrea Cramer. Are into it, are you? Do you like it? Yes. Would you recommend it to other people? Yes, I would. Is it a regular series or a trilogy? It's a trilogy. I like trilogies, because you know how many there are and it's pretty clear how it's going to go without like knowing exactly how it's going to go. I love trilogies. What genre is it? Um, teen fantasy. Is that...you listen to a lot of that, right? Yes. What are other genres you like to listen to? Well, for me, I like Lee Child's Jack Reacher series. But I also like other fantasy ones. You know, like, um, you know, I've got a lot of Hunger Games. I listen to two series by David Baldelli and Baldushi. And those more are not fantasy, but they're more kind of crime-solving kind of stories. Yeah. So a little variety of everything depends on what I'm going to move for.  Completely fair. Like, I've been trying to read more fantasy, or no, I've been trying to read more mystery. And that hasn't been a huge motivation for me recently, just because mysteries can be like very hit or miss, and I'm too afraid to read a miss, uh, mystery. So, what do you like, what's the best part of books you like? Do you like the plot, the characters, world building, language? Well, a lot of times I like the character building, but this one takes place during the time of the Revolutionary War. And so it's kind of mirroring that a little bit, but its own way. You know, this just talks about things that went on in Boston with their own, having their own kind of revolution. So it's like a revolution within the revolution. That's interesting. Yeah. Alright, well, we're about to go through the next color station, and I'm borrowing these headphones from my mom, so I've got to turn this off. But like I said, hopefully we'll get a little more color on the actual white parts of us, and I'll be back. Just went through two more stations. This last one was perfect, and he wanted the hair purple. And that's his favorite color, so I admire him for that. Homeway stretch. But yeah, my book just keeps getting more and more intense. So I keep like opening my mouth and being like, but the thing is that if I get close to a color station and I do that, all the color is going to go in my mouth, and that stuff will be disgusting. And I haven't seen another water station, so I don't know if I could watch it out. Doing great. I'm feeling like royalty because I wear the color of royalty. The royal booklistener. But yeah. Pretty well, but I had to stop because I wanted to get to a point where I know what's going on and I'm not going to stop in the middle of a cliffhanger. Yeah, I'm in the middle of a cliffhanger. So I understand what you're saying. One slash walk for us has not taken near as long as I thought it would, but I guess it was because in previous years when I've run it, it seems like it's forever because I hate running and I'm not a very fast runner anyway. So I guess it always seems like forever when you're running, but when you're walking, it's like very leisurely. It's almost enjoyable almost. Yeah, but for like the parts of this where it's a lot of stuff. It's a lot of sun. Like when we're by buildings in the shade, it's great, but the sun is like... Yeah, so I haven't listened to it much in my life, but that's also definitely on me for like also vlogging this much. Yeah, I think I'm going to listen to the rest of my book until the end and then I'll update you then when I'm just... Why do you start a race? In order to finish the race. And we did. We finished the color. Did not get very far in my audiobook. Live longer, press. I'll update you later. Race is great. We even got these little unicorn medals. It was a lot of fun. And then my family actually did the thing where they also give out color packets. We all huddled together and we threw the color in the air and my aunt got me who really did with her green in my hair. Yes, it was great. I got to listen to my audiobook. So did my dad. Got plenty of color and I'm going to take a shower and I'm going to take a shower very quickly because every one of my family needs to take a shower. So bad. This is Frederick. He is my sister's cat. He's Jenares. You do kisses? He's one of now three cats in the house. Two of them are my sister's. One is Polly, who you have previously met. He's also really heavy because he's really big. He's also really poofy. So now without further ado, the challenge. I'm excited, but I'm also really worried. So for those of you who don't know what that is, that is the book spine challenge. So basically, you've got to spell out your name with the first letter of a book title. And they added the twist of making it all one color. But yeah, so you're supposed to choose a color. The thing is, it's like, I'm not sure I can actually do this challenge. I don't know if I have five books of the same color that spell out my name, Laura, L-A-U-R-A. I'm really worried about the U. So I think pretty much I'm going to look for the U first. I want whatever color that is. That's what I'm going to do. I really hope I have a U. So I'm going to get this started. I've got two minutes on my computer. What I'm going with was white, because I only have one book that starts with a U. And it is white. I did stretch it on a couple of these, but that's the only way I was going to get it done. But yeah, so let me show you these books. So first off, we have Lion Witch and the Wardrobe. This is actually the script I used when we did the play in middle school. It's technically the Lion Witch and the Wardrobe, but I'm excluding that. So yeah, majority white because it's a script. So Lion Witch and Wardrobe L. Next we have An Unkindness of Magicians. It's majority white. And this book is by Cat Howard. So a beautiful book that starts with you is Ugly's by Scott Westerfield. The first in the Ugly series. And the only one of the Ugly series I actually own. I need to get the rest of it. But this is actually the second cover. So the first cover came out and it's not white at all. It's actually a really dark kind of gray. Frederick, are you going into my closet? This is where I stretch it even a little more. Because it's Reflections on the Songs, which is by C.S. Lewis. It starts with R. It's majority white. Like most of it is white. And then the last one. This is where I probably stretch it the most. It's called Alive. It's by Scott Sigler. It's white and blue. I mean like it's got white hints. It'll definitely stand out among the rest of it. But I don't have another book that starts with A. That's completely white other than the first one. So yes, here's my name. L-A-U-R-A. Laura. And yeah, everything except probably this last A works. I don't know if this really works. I don't think I quite completed the challenge. I did my best. But oh well, this just means I have to go buy more books. The thing is, I am much more of the person who goes to the library, checks out books and reads them. And then only if I really like them do I buy them. So I just don't own as many books, but I have read a lot of books. Don't worry. And then books I do have I generally get from things. Like I have a friend whose mom is an editor and she gets sent all kinds of books. And so sometimes I'll find them from her ginormous books garage sales for really cheap. Or she'll even give some of them to me. Or like she also does like different activities of where you can win books. And I love participating in those. So I have a lot of like bookish adult friends. I have a friend of mine who is an author, a very accomplished author. And she's really cool. I've gone to her writing camps a few times. So like yeah, I don't own very many books. So this was really hard. I did the best I could, but I don't think I completed it. But um, take a picture of your stack spelling your name. I almost, the thing is while I was looking as I also noticed I have a lot of red covers.  So if you guys know of a book that has a red cover, red cover that starts with you, let me know and I'll buy it. I prefer that we're a good book, but purely for this, I want that book. Alrighty, so that is the end of the challenge and I'll update you guys later. 12.41 in the morning. I still have an hour and 10 minutes left in the audio book. But the John Billy on concert though. That was really good. That was absolutely phenomenal. We biked to and from. So we got to see a bit of Chicago and that's why we're back so late. But yeah, did you like the concert? I did a few of my songs, my favorite songs were played and we got to jam to that. Yeah, it's pretty great. The opening acts were really good too, the opening bands were pretty good. Talking about the marriage proposal. Oh yeah, we even saw a cute little marriage proposal. One of the opening acts was singing this really sweet song and one girl had texted him saying it was her favorite song.  And she said yes and it's absolutely beautiful. That needs to be in a romance novel. Someone contacts her a dozen or some other romance novelist and just be like, this is real life romance. Use it. Yeah, I can talk about my beef with romance novels later if you guys want. But yeah, so technically it's Sunday morning really early in the morning. Well because it's 12, like 45, so this is the beginning of the last day. And we have to drive back to Grand Rapids tomorrow which is like three days and then we're going to play a lot of games. But you know what, I will get these books done. Comment down below and let me know how your readathon is going, have you completed all the challenges you wanted to, how many books have you read. And if you like these vlogs and want to keep watching them make sure you rate, comment, click the subscribe button and just let me know what you guys think. Want to hear your opinions and join, become reading warriors like us. You know, anyone and everyone is welcome to be a reading warrior. Good night. End of the reading rush. Yesterday was the last day and I am pleased to report that I did follow through and finish both books last night before I went to bed. I was falling asleep but I did it. So I did officially do all of the challenges required. My first one, once upon a dream, twist a tail, purple on the cover meant to read last year. Psych Sky for crime fighting, for the totally unqualified, five words in the title and more, read it in one spot. I'm number four, non-human main character and then I keep forgetting them. And then Children of Blood and Bone, author's first book. What was the other challenge? The book to movie adaptation and I watched, so seven. I watched Maleficent because I figured Maleficent had the most similar story to any of the books I did read. So I'm gonna count it. And yeah, so I counted it, so I did finish. I only read four books, one of them was an audiobook. I enjoyed all of them. I think I'm gonna do a separate video reviewing each of the books I read. So I can actually talk about them in depth, especially since the last two that I finished. Especially Children of Blood and Bone, I was like, the ending. So I'm gonna try not to give anything away in this video so that when I do a video actually reviewing it there will be spoilers in there. And so I just don't want anyone to spoil it because I know a couple of people who are reading it or who are just about to start reading it. And so I want them to be able to relate but also not be afraid of spoilers. Because that's one thing when I watch book reviews is I'm so afraid if the person will be like, spoiler alert and then say it. Or if they're just gonna come right out and well, now it's all out there in the open and I just, I can't. So I am gonna do a review of that soon and so while the reading rush may be done and I'm very sad, I will, I have a lot of time now to actually edit the videos that I took during the readathon so that I can actually get the vlogs out there. And then I can go back to making a normal video schedule. I didn't plan or make any videos during the reading rush because I barely had enough time to read as it was with family coming. But I really wanted to make sure I got to spend time with my family because I don't actually get to see my sister a lot. And I love my sister so much and so it was really great. I just said goodbye to her. So I'm also really emotional from that. So yeah, now we get to go back to our regularly scheduled programming. So yeah, just to let you know, I will be doing reviews of the books I read. And I did complete the challenge. I hope you guys go down below if you completed what you hoped if you completed part of it or if you didn't complete it at all. Like let me know because I'm curious because I was just so close to not finishing it. But I'm pretty happy I got to do all the videos and the pictures and some of the Twitter sprints. But for some reason I'm not getting my Twitter notifications until hours later. So I had a really hard time doing it. But yeah, and then if you liked the vlogs or even if you didn't and you just rather me do regular booktube videos. Make sure you subscribe and then click the bell so that you know when I am doing those videos. But if you did like the vlogs, feel free to give them a thumbs up and comment down below what you liked, what you didn't like, what I could do better, what you want me to do more of, etc. and so forth. So I will see you guys in my next video. Bye!


What about the variance of a discrete random variable? As before, we can compute the variance directly from the probabilities, and also as before, we'd like to have formulas for some common distributions. So, suppose our sample space consists of equally likely outcomes, like having a fair six-sided die roll. So, while we could calculate the variance as the expected value of the square or the difference between the random variable and the mean, remember that the variance can also be found by the difference between the expected value of the square minus the square of the expected value. And we already found the expected value of x, that's 3.5, so we can find the expected value of the square, that's the squares, times the probabilities. And so we'll get ninety one sixth. Consequently, we can find the variance, which will be 2.917. And unfortunately, we run into a problem. To compute the expected value of the squares, we need to know the sum of the squares of the outcomes. And while there are formulas for these sums, they don't really offer us very much useful insight, they're just additional formulas we have to keep track of, and if that's all they are, we might as well just leave them in some handy reference book. On the other hand, a binomial distribution does have a nice way of computing the variance. So, remember that for a binomial distribution with n trials and success probability p, we have the mean equal to np. And to find the variance, let's find the expected value of the squares, so that will be. And again, note that if k equals zero, the first term vanishes, so we can really begin our summation at k equals one. And we note that for k greater than or equal to one, k squared n choose k, well that will simplify. And note that many of our steps in this simplification are really the same as the steps we use to find the mean of the binomial distribution in the first place. Now, note that n minus one minus k minus one is n minus k, so this expression becomes nk times n minus one choose k minus one. Again, n and p are constants, so we can remove n and one factor of p outside the summation, and we'll re-index using j equal to k minus one, and this will give us, and we can split this latter summation, and let's focus on this first summation. Now, in this first summation, while we're starting at j equals zero, once again that j equals zero term vanishes, and so we can start our summation at j equal to one. And as before, j times n minus one choose j can be rewritten as n minus one times n minus two choose j minus one. So our summation becomes, and again, n minus one is a constant factor, so we'll remove a factor of n minus one and another factor of p. And this series, well, if we re-index with k equal to j minus one, we get, and our series is going to be the binomial expansion of p plus one minus p to power n minus two, and that simplifies to, and so our first summation, n minus one times p. And similarly, if we look at this second summation, well, that is again the binomial expansion of p plus one minus p to power n minus one, and that works out to be one. And so the expected value of x squared is np times n minus one p plus one. But remember, the variance is the expected value of x squared minus the square of the expected value of x. And we just computed the expected value of x squared and the expected value of x, again, that's np. And so if we simplify, we get, which is our formula for the variance of the binomial distribution.


Hello, bonjour my. And what is popping, welcome back to another vlog. If you're new here, my name is Cara. Do not forget to like, comment, and subscribe. So today I have a busy day. Okay, so we're about to get ready for that. So first I'm obviously gonna start off with skincare. I just hopped out the shower and I'm gonna be using products from Fenty. They are sponsored as a video. Okay, I'm so happy. Y'all know I love Fenty Beauty. I love all their products. I love what they stand for. And they make good quality products that you can never go wrong with, okay? And they are having a Fenty fam sale. So make sure you stay tuned to get all the details. So if you know me, you know I love to double cleanse. And Fenty just dropped their new Melt Off. It's a makeup remover, but it is oil-based. And I love an oil-based cleanser for my first step when I'm washing my face. And I love this cleansers packaging. It's so unique and different. All you need to do is press down on the top right here like so, and then the product comes out at the bottom.  And it also helps control your oils. So I'm gonna go in with the Fenty Skin Cleanser. I like this cleanser just because it really removes dirt and oil, and it also doesn't strip down your skin. So now I'm gonna go in with the Fenty Bat Water. Y'all need to get ahold of this, okay?  Somebody who wants to fade hyperpigmentation or dark areas around your face, this is gonna help even that out because it has night cinnamide. And it's also going to help brighten and plump the skin while reducing oil. And when I take this, I just like to press it into my skin. I also like to apply this on my neck as well. Like everything in, we're gonna go in with the Fenty Skin SPF. Sunscreen is so important, and this has the SPF 30, and not only is it gonna protect you from the sun, it's also gonna give your skin benefits as well. It has night cinnamide. It's gonna help brighten the skin, and it's also gonna help lock in moisture. And when it comes to SPF, I like to take a generous amount. I'm just gonna go in and also apply it to the neck. Also about this SPF is doesn't leave a white cast at all.  I really love this stuff. Been using it for a couple months now. Ever since it dropped, I was on it and I love it. So, I already know this cannot be a Fenty video without me mentioning the Fenty Skin But Up Drop. You already know I love this moisturizer. It has been my go-to moisturizer for the last, for the last couple of months. It just leaves your skin so hydrated, so plump, and it just looks so good. It has shea butter in here, so it's gonna give you that hydration that you need. Seven luxurious oils in it, so it's gonna give you that nice glowy touch to the skin. I'm just gonna apply this, and then I'm gonna go ahead and do my makeup for the day. I'm trying to hurry up and get outside, because it's so... I'm gonna do a no makeup makeup look. Nothing really major. So, I'm just gonna go in with the Fenty Ease Drop in the number 13. Next, I'm gonna go in with the Cream Blush from Fenty, and this is in the Summertime Wine. I like that this is a gorgeous maroon color. I feel like this will look good on anybody, and I like wearing this on a daily. So, I'm just gonna put a little bit on my cheeks to give me a little bit of color. It's gorgeous.  Now, I'm gonna go in with Sunstalker in Island Thing, and I'm gonna take this bronzer brush so I can get a nice contour. Oh my God, this brush design, y'all gotta get into it. Oh my God.  I like to go in with the Liquid Kilowatt.   And then you have a skin like glow effect. It's so nice. I use this on one of my TikTok videos for my birthday. Actually, my birthday, get ready with me. Everybody was asking what highlight was that. Girl, it's a Fenty Kilowatt. And then I'm gonna go in with the new Velvet Liquid Lipstick, and this is in the color Rereem. This is such a gorgeous color. Then I'm just gonna top it off with my favorite, favorite, favorite, favorite lip gloss of all time. This is the Gloss Bomb in the color Sweet Mouth, y'all. I love this stuff. This is the only lip gloss I wear. My face looks so good. Get into it. No foundation, blurring skin tint. Y'all need to go get that blotting powder too. Pores wear. So you'll be able to shop all these products. Everything will be linked down below. Fenty is having a Fenty FAM sale from March 22nd to March 27th. And March 22nd and March 23rd, you'll be able to have early access by using my code CARA30 to shop 30% off when you shop the Fenty FAM sale. And there's gonna be so many benefits when you shop early access. And then from March 24th to the 27th, you'll be able to shop up to 25% off site-wide. And then also shop up to selected items for 60% off. They are having the Fenty perfume on sale for the very first time during the Fenty FAM sale for 15% off. For the very first time, make sure you take advantage of this sale, y'all. Every single thing that I use in this video, you need, period. Everything will be linked down below. And thank you so much, Fenty, for sponsoring this video. Lips look so juicy. Wow.  So I'll check with y'all once I get dressed. The face is 16. Period. Hey, y'all. So, I, wow, it's hot, it's cold. It's ever outside right now. But I'm on my way to a new yoga studio. Normally I go to Yonder Yoga, but my girl, Sheila, she works at Psycho Bar Bucking. She was like, you need to come to Yoga 6. And I was like, okay, girl, I love yoga. I think it's a good workout. And also it just makes me escape from everything else. I really like Yonder Yoga, and I really like the activities they have. Sometimes they'll have a candlelight in, but it's never, it's never bad to try out something new. So I'm on my way there now. And hello, hello. Here, on Jaramah. Hey. Anyways, like I was saying, I'm pulling up to the yoga studio now. So I'm gonna bring y'all in because they want me to film, yeah. My top lip looks crazy right now. I should have kept my lip velvet liquid lipstick on, but I don't want it to be too much for the class. I didn't even take any makeup off, but this e-drop, y'all, I forgot how good it was. In one mile, turn left onto Chandli Dunwoody Road. And the contour. So yeah, I'll check my job once I hop up in here. Into the water or two. Wherever you need, remember, do not collapse onto the front of your body, or rather, move your glutes, the traps, the shoulders, or float. Inhale, bring that left leg up towards your glute. And maybe if you need something extra, grab down through that back arm and reach back. Right knee for a twisting prayer. Inhale, back bend, exhale, and now look at the face. And we'll do the opposite side. Maybe a left leg back and explore your positions however you did before. Inhale to the bridge. Bring that right leg up and over before you. And exhale, flex at the hip. That's why you want to go close. Place it up, because I got the right leg and the right foot up through your branches. Up so it shakes our parallel to the ground. We'll take a deep inhale to bring everything up. And then we're opposite, throw it to the opposite knee. And your exhale is in here. Come back to that mixture first and then exhale opposite. Side does the same. Keep going with your own flow. You got a minute here.  We'll inhale, bridges. Send the hips up towards the sky. And then wheels continue pushing through the arms. Chest comes up towards the sky. Almost like you went to a reverse table. Good morning ladies and gents.  I was actually on my way to go to the coffee shop.  Like it's time, like at this point. But yeah, I'm on my way to get a wax because I forgot my camera actually at home. Like literally pull up to the coffee shop and my dang, I forgot my camera. Cause the memory card is in here. So, and then my wife, girl, texted me. She was like, hey, do you think you can come earlier? And I was like, how early I can come now if you really want me to just to get that out the way. So it's 22 minutes away. So, but yeah, today is a work day. Like I've been in work mode, like don't play with me. I'm so proud of myself. So, yeah, I have like one, two, three things that it's gonna be a productive day. I have a hair mask in right now. I have the Ceremonia Masqueria de Babasul hair mask in. I really like this hair mask. I can really tell such a huge difference. My curls is about to back. I'm so proud of myself. And I just sprayed the rosemary and then I have the Mayel oil drops and then I said the de mosca drops as well. So I'm just letting that marinate all day. I just have my claw clipping. That was OD, like turning around while driving. No, no, no. But yeah, so, and today is Hip Hop Wednesday. So we're going to that today. That's why they work out this morning. Happy Hum Day, ladies. And I'll probably check on with y'all once I get to Shea, which is Lotus Wax. Do you need any help? I have any questions. I'll get your back. God, my face is still so swollen. I had like three. No, I had four. And I think I owed need on the freaking cheese. Okay, so it's been a little bit later and I'm on my way to go to pretty little things in town. And they were like, we're having a gifting suite if we want to stop through. And I was like, absolutely. Just to see the vibes and you can only be in there for 30 minutes is by appointment. So I'm just seeing what they have type of thing is free. So why this might as well go? And yeah, so I'm so grateful that they reached out. But yeah, and then after that, I have to meet up with Aliyah. We're going to the jeweler because she got me that diamond necklace for my birthday. But I want it to be a little bit longer. It's so beautiful, but I just want it because it's like a choker.  But yeah, my face is so swollen. I need to drink ample water today. So I have my water bottle because yeah, girl, like a gross like swollen is giving puppy heat and I don't like it. But yeah, I was checking with y'all once I get into the gifting suite. It's so gloomy and ugly today, but I do have a hair appointment after I go to the jeweler. So I'm excited about that. And it's just a quick leave. I probably do a side part this time because last time we just did a middle part. So yeah, but this little baby is gonna be with me all day. She was in my little lemon bag because I just got a new yoga mat the other day. And I was supposed to go to yoga this morning too because Deborah, she's the one that put us on cycle bar. And she was like, yeah, girl, I'm going in the morning. So I like, she wants to teach the classes and I can't wait for her to teach it because it's gonna be late. So but yeah, she was like, yeah, I'm going this morning. She was like, I'm trying to do a double yoga and cycle bar and I was like, girl, she wouldn't meet the yoga class was at five something in the morning. I was like, I don't think I'm gonna make that but I'm definitely gonna be at cycle bar because that would mean I have to wake up at exactly at five o'clock. The instructor's name was Casey. She does a lot of choreography in her class which is cool because it gives me the opportunity to practice the moves in the class that some of them will throw out but every instructor is so different, it's crazy. But anyways, I'll check on what y'all want so I get into the building and it's that spaceman. So I think it's at that hotel and I guess the views are nice. I never been there before, but hard to grade things. Hey y'all, so I'm on my way to the airport.  Yesterday I was just really scrambling. I didn't realize I booked the wrong date, a hair appointment so I had to have Dallas do it. I go to Dacia in Dallas like top two. And oh my God, y'all, my hair is getting so long and this hair will be linked down below. This hair will be linked down below and it's so good and nice and natural. It's only three bundles and we went for a side part but yeah, this is my outfit. I'll show y'all a better view once I get out the car but this is Alexander Wang set. It's so cute and so soft. It's a vibe I might wear this all day today. But a few of my items didn't come. I got some pants yesterday and I went to go get them tailored to go with this coat and I was like, you know what? I'm not even fitting for a seat. I don't have time to go to her right now and yeah, I don't have time to go to her to grab my pants and she doesn't open till 10 and my flight is at 11 so mm-mm. And I'm just gonna say that outfit is just so good. And then what was it? I ordered a fur mink coat, didn't come. It's supposed to be here on Monday. So I had to improvise one nighttime outfit. But it's really, I'm just going with the vibes. My ski suit is super cute. Can't wait to show y'all but we're in there with the vibes. And I'm meeting Aliyah at the airport. I had to text her, she ain't texting me back yet. She might be doing something but yeah. Anyways, I'll see y'all at the airport. Oh my God. Yeah, I'll see y'all at the airport.


episode. Whoa, what's up? How are we doing today, everyone? Welcome back to another episode of the Marker Report here on Cointelegraph. I'm your host, Benton, and we are joined by our resident experts, Jordan Finneset, Marcel Peckman, and Sam Borgie. Jordan uses his background in psychology and human behavior to spot those emerging trends in the crypto market. Sam Borgie is the business editor at Cointelegraph, where he brings a decade of experience in economic analysis and financial market writing.  We are sideways. We are chopping. We are ranging. What is going on this week? How are we feeling about the markets? Marcel, kick us off. Benton, I'm completely lost here. I wasn't expecting anything below $36,000, $38,000 for Bitcoin. So it definitely caught me by surprise, and I do really think we could have another six months of bear market. Maybe ranging from $28,000 to $36,000, but it seems like we're going to be stuck in a bear market for some time. Yeah, it's weird that I find myself now in the position where I'm looking forward to seeing Bitcoin maintain that $29,000 level. I'm like, whew, it's still there. Like Sam was mentioning before the show, it feels like that range of hell back in 2018, we were then $6,000, and that gut punched the $3,000. So we'll see how this shakes out in the next few months.  Let me tell you that right now. And at that time, for anybody who's new to the market, everyone was so confident that $6,000 would hold because that was the break even rate for miners. Remember that? Remember all that nonsense? Then we capitulated down to around $3,000, a little bit higher than $3,000. So Bitcoin will surprise you with its downside potential. As I've mentioned before, I don't really see any bullish catalysts anytime soon, but the extent of this sell-off has really been eye-opening. So I guess we'll see the sideways chop, maybe downward action. We'll see. We'll see what the next few months have in store. A lot of bear sentiment around here. And Sam given us a little brief history lesson. So we appreciate those insights. Folks, we got a reformatted show today.  And then we're going to be diving into some of those headlines from articles from Coin Telegraph to discuss what's happening with Terra Luna, what we think is going to happen next. Marcel's going to give you his insights about Bitcoin in Ethereum. And they show you some interesting charts about information that you're going to want to know about what's happening next. Just because we're in a bearish market does not mean you can't make money. And that's where we're here. We're going to give you some of those insights so that you can make the best decisions possible in these type of market conditions.  Danilo, let's get this party started. Headlines there or chat or going around Twitter. Folks, if you haven't liked and subscribed, go ahead and do so now. Coin Telegraph on YouTube Tuesday's Mark Report is coming to you at 12pm Eastern. So make sure you set that notification bell on so you know every time we go live and tell us where you are tuning in from from around the globe. We're going to be watching that chat today. So if you have those burning questions, make sure you type them in there and don't forget we're giving away that one month subscription of Markets Pro. So drop your Twitter handle in the chat. We will be monitoring that throughout the show. Now we got a little fun segment today where our producer is going to show us some memes and we're going to get some reactions here out of the panel. Jordan, Sam, and Marcel. I want to hear what we think about some of these memes. So Adrienne, if we want to, or Danilo, if we want to go ahead and pull up, let's get into meme time. It is that time of the show. So let's get it going. All right. First meme of the day. Let's see what this one is. This one is people buying the dip. Me remembering I bought it all the time. I think it's everyone's feeling that way.  Yeah. It's not a dip. It keeps dipping. It's always easy to comment jars from the past, but if you see Bitcoin dropping 20% or altcoins dropping 40% and 50% and you go ahead, I'm doing DCA, but I'm going to buy a little bit more and it continues dipping. It's not really a bad thing if you trust the assets you're buying. So it's not going to make much of a different long run. So don't stress out. You heard it first. I think this is a great point. Sam, but to Sam's point, he's been around the block since 2018.  It's like every year is 10 years. What's his next one? Checking out my Loona portfolio. After a month-long vacation, yeah. I think we can all sympathize with that one.  Got to love it. Everyone got a taste of that, except for Sam. I think that's the meme of the day right there. Is Ethereum 2.0 ever going to happen this year? August 2022 was rumors. All right, we got any others, Adrian? Merge. Merge, the sharding. What will be the next? The merge, the sharding. That's what's the next phase then. Daps migration to the new system. There's always be something at the end of the tunnel, but you're never really coming out of that. Not the life. It'll be like a two-year plan to try and get the gas down or something. I don't know. Hopefully sometime in the century that'll happen. We'll see. I believe it. I believe it though. I believe in Ethereum. All the ETH lovers out there. I see we got Catherine Rhodes. Welcome. Tuning in from Los Angeles today. And Rich, new design. Welcome back. Glad to have everyone tuning in to the show. Now, folks, we got to get into some headlines. We talked about Loona earlier. There were some articles being written this weekend, Cointelegraph. Burn address was being released. Let's go ahead and jump into some of these articles here and talk about some of these biggest headlines and get the panelists' takes on what's going on here. So, Danil, if you want to pull up my screen, this first article is about Doquan. This guy is all over the headlines recently. Doquan shares the Loona burn address, but warns Loona ticks against using it. So, first of all, what does it mean to burn tokens? Who wants to answer this question? Yeah. I mean, put simply burning a token just means taking that as circulation. A lot of different projects, they have a burn mechanism in their tokenomics, which means whether it's through fees or other methods, the token is permanently destroyed, which reduces the circulating quantity of that token, which in theory could support upward price movement, because when you have a lower supply or you have a mechanism that reduces the supply, the price could theoretically go up. So, that's a general view of what it means to burn. Okay. Now, why would Doquan release this burn address? Is there any benefit because he's releasing this and telling people, don't send your tokens there?  Why would he release this out to the public? Jordan or Marcel, do you have any thoughts on this? Well, to me, when we get into a crisis, we kind of lose our minds. Let me forget how to think. It seems like he's been making crisis mode decisions since like May 3rd. A lot of the stuff that they've been doing hasn't been making a lot of sense. And this, I don't know why, why would you release that to the public? Like it serves no purpose, other than people sending their tokens there, but then he's like, don't send your tokens there. They go away. It's like, I don't know. I think he's just trying to send a message. Well, look, the foundation had too many coins issued by the automated algorithm. Now we are burning some of that. So we're destroying those tokens. So taking out our circulation, we're doing the best we can to protect investors' interests. That's the message he wants to send out. Yeah, it didn't really make any sense because it seemed like he posted it in response to a question. I think somebody wanted the address. Then he posted it. And then a couple of days later, he came out and said, oh, by the way, you shouldn't be sending tokens here because it's not going to do anything. You're only going to be losing tokens. I think what Jordan said, not really the clearest decision-making right now, it seems. I mean, my only theory would be that he would post this burn address so that the public could see if and when LFG is burning tokens. That would be the only reason why for transparency sake, but isn't most burn address public information anyways? Like why was this kept from the public? Yeah, that's my kind of question. But what's going to happen to all these projects in the Terra ecosystem? Are they going to, if you were a project right now, are you staying in the Terra ecosystem and continuing to build? Are you looking at other options on other chains? What are your thoughts on this, Sam? You know, what's that one meme held to the gnaw? Yeah, no, I would not be looking to stick around. I mean, look, Terra does have a vibrant ecosystem. I don't know what they do now that they're going to be disavowing the stablecoin in the UST. I'm not really sure what the ecosystem is for when you don't have the algorithmic stablecoin, but if they can somehow salvage that community and maybe carve out a new niche, a new path, maybe, but if I'm an established project there, I think I'm looking elsewhere. Yeah, I don't see too many projects. Like Sam had mentioned, what are they really going to do? Terra was built because of the UST. So when you take that away, what's the point of Terra? I think some of the projects might be able to switch to another chain maybe. I saw Anker popped up the other day. They could maybe turn into like a liquid staking or maybe coming out with a new collateralized stablecoin or something like that. I don't know, but they might have to do another chain or another Cosmos chain or something. I don't know. Barcelony thoughts here. I think there's, in crypto, there's always the trust issue. So how do we know that these developers from the Luna ecosystem were not related somehow or benefits somehow from this LFG thing and the imploding? How did they not have special access? So people are going to start doubting that. So I don't think taking these projects out of the Luna ecosystem trying to replicate them outside will work. It's better to start something new from scratch. And I think that's one of the things it's like the Terra ecosystem uses UST as the gas. So what happens if this potential fork move happens? Does then Terra become the gas for the ecosystem? How does that butterfly effect the projects if you're building? Like if I'm a builder right now and there's no foundation or direction of where I'm going it does not give me a lot of confidence. No, but if they eventually hard fork the network and decide not to use UST. Okay guys, we're going to use a rapid version of die. A rapid version of USDC, a synthetic asset of USDC. Then the system might work. But still you got to go back and think about the community. Is that what the community wants from the new Luna or the new Terra? I doubt it. Without the algorithm stablecoin, the whole system makes less sense. You hear it talked about often that like 95, 99% of tokens are going to go away and that's true. We're kind of seeing this process like when you take away Terra a lot of these projects are just another DeFi protocol that have like a comparable chain or a project on another chain. Are they going to be able to switch to another chain and then reach a certain level of market share to be able to survive? I think a lot of these things are just going to eventually kind of fall to the wayside and we're going to get a consolidation into certain top platforms on each network, whether it's like an Aave on Ethereum. If it's a Cosmos chain, I don't know if Osmosis will take the lead as far as Dexes or DeFi goes and whatnot. So we're just kind of seeing this process and I've been around long enough to see a lot of the projects will just eventually fade and the longer this bear market goes, the more likely a lot of these altcoins are never going to come back because the liquidity and stuff is just going to get sucked out of them and put in the projects that have long-term viability. So we're just kind of seeing the process of the 95% of projects falling by the wayside and this is kind of what kicks it off. Yeah, and during the next cycle, you're going to start seeing projects you never heard of before, pump really hard and then you rinse and repeat again and again. I don't think anyone really expected Luna to implode this quickly. I mean, there was concerns but this one leaves a mark on the industry for sure. I would definitely say so. People forget that in six-month time when another ecosystem goes up 5,000% in a month, they simply go crazy behind it. Yeah, what's MT Gox again? I forget. What was that all about? Good old Mt. Gox. But I mean, it does bring up a good point. With the collapse of USD, there is this gap in the market right now for stablecoins and the need and the want. Obviously, USDC, BUSD, USDT are the leading stablecoins right now. But I'm curious to see what's going to be next for the evolution of stablecoins, which brings us into the next stablecoin that's being released by Phantom FUSD and some big news this week. During this bear market, we saw at least, I think it was like a 12% rise in the FTM token. So I want to go ahead and just pull up this article that actually Jordan wrote about FUSD and what's going on with this ecosystem is Andre Krone back. Jordan, do you have any insights here in regards to this article about Phantom and what's going on? Well, I wrote this and I wrote another piece kind of like talking about the crypto massages and how it's not necessarily a good thing. I'm like, it's just more the same. How come the practice pumping just because Andre Krone came back? The project had solid fundamentals before that just because he's maybe getting involved doesn't mean that it's going to be that much better. But I like Phantom as probably the top dag, this acyclic graph, decentralized acyclic graph or whatever it stands for. That project, it's the top in that category. So I think Phantom's got to do a long-term trajectory as far as low fees and stuff like that for the community. But we'll see. I think we're going to be in a bear market. So this is on my list of DCA, like Polkadot, Phantom, Cosmos. But how long this bear market is going to go? I don't know. It doesn't always feel like great to dollar cost average in a bear market when it does that meme, the Pukin penguin. Like, oh, look, I could have got like twice as many before just waiting a few days. But I don't know. We'll see. Phantom got long-term chops in my opinion, but the bear market sucks. I mean, further to what Jordan said, I think a lot of people in crypto get a hard time for not buying on the low. The problem with crypto is that it's not like the stock market. The stock market is more established market. So if the S&P plunges down to 2000, you know that's a generational buy opportunity. But for crypto, that's not necessarily the case. You don't know whether this drop is going to continue, whether the project has long-term viability. A lot of these coins are simply startup projects. So it's not always, don't beat yourself up about not being able to time the bottom or pick the bottom because a lot of these projects, we don't know the long-term viability. So that's where you have to really do your own research. And a lot of it is luck. And a lot of it is trying to identify as many promising projects as you can and then dollar cost average into them. So that's kind of my take on that. In regards to this FUSD, Jordan, what is this FUSD stablecoin? It seems like it's over-collateralized. Is this a game changer at all? Is this just another stablecoin on the market? It's another stablecoin. They're going more collateralized versus algorithmic, which algorithmic was USD. And that's why it collapsed. But again, a lot of the assets that they're putting into it are phantom-based assets. And so this is always going to be the risk of, as soon as the price falls out on any of these tokens, your collateral is going to lose its value. And you better go in and put more collateral or cash in. Because it's just always got to be paying attention when you're working with these collateralized stablecoins so you don't get liquidated. And I remember getting liquidated on USD and Anchor way back in March of last year. And it kind of left a sour taste in my mouth. So I wasn't overexposed to that whole ecosystem, thankfully. So yeah, it's always a risk. This collateralized a lot of the tokens from phantom ecosystem. So just be careful with any of these, whether it's FUSD or the new one from Tron. Just be careful. Good old Tron ecosystem. All right. Well, keep your eyes peeled for phantom. I think we have a few folks here that are bullish, including myself, Andrei Krone. I don't think he ever disappeared. I just think he took a step back from the limelight and he's been there all the time. So be that as it may. We'll go ahead. I just wanted to say, following up with what Sam said, not even everybody in crypto is going to make this big, big money. If people you hear that a lot, but right now is when you the best opportunity to actually do that when the markets down, everybody's bearish. Like Sam was saying, find some good projects with good fundamentals, dollar cost average, and then you might have to wait a few years, but those will be the ones that go up. That's how you get a theta from a five cents to $14 or a doge coin from 0.003 to 70 cents. You think it was easy holding those for a year and a half when they just kind of languish? No, but that's got you got to kind of accept that part of the journey and just kind of have faith in what you believe, I guess. Which I want to hear from the chat though, which token right now do you think will survive the bear market outside of Bitcoin and Ethereum and some of the stable coins? Which token will survive the bear market and thrive? Tell us in the chat. I want to hear your thoughts. I see rich new designs at the bear market will clear out all the alts without real value. I think that's a valid point. We've been talking about that now for the last couple weeks. But next thing's next, I want to hear from Marcel because he's got a lot of knowledge to drop on us. He's going to be talking about, I believe, Korean exchange and why you want to pay attention to it. So let's go ahead and jump in to Marcel's expert takes on Bitcoin and Ethereum and give us those knowledge of nuggets that we all want to know. Okay, guys. So this week we'll be doing a slightly different version of my segment. So instead of me bringing the opinions, I'll show you guys three supporting data and you, our viewers, get to decide because if I happen to know the future, I'll be joining the keyless at sunset right now and clearly that's not the case. So on to evidence number one, the Korea premium index. Danilo, can you share my screen please? So as you can guys can see here, the Korean premium measures the price of the Bitcoin in Korean exchanges versus the price at Coinbase and Kraken. So whenever there's excessive buying demand in Asia, this premium will rally above 5%. And we've seen that in the past. For instance, here in April 2021, the premium spiked up to 20%. And right now, the premium is 0.5%. So basically, nothing happening right now. But the good news is, despite Bitcoin plunging 40% since March, the premium hasn't gone to the negative side over the past seven weeks. So yeah, from one side, there's no premium, no Korea premium, no retail demand excessive demand there. But on the other side, the last time we saw negative premium was late March. So over seven weeks ago. Thank you, Danilo. Now let's move to the evidence number two, which is the Bitcoin futures liquidations. So futures markets allows a trader to deposit $100 and make a trade 20x times larger. So using leverage. Moreover, the same trader can deposit $100 and place a bearish bet. So bet it on the market downside, known as short. However, when you do that enterprise move 5% against you, you get liquidated.  So I want to share a chart again here, Danilo, please. So this chart is from coin glass. And what it shows is when you see a green candle, it means that the longs, the buyers got their positions terminated. So the price moved against them. And their trades ended up bad. So they lost money. On the other hand, when you see a red candle, it means the shorts, those so those betting on the downside got liquidated. So across the past three months, there's a slight embalancing favoring the longs. So buyers got liquidated a little bit more on May 11 and 12, because of the Terra Luna ecosystem collapse. But over a three month period, not so much of a difference. So I kind of see that as a win for bulls, a slight win for bulls. But again, the biggest liquidations were for the buyers. And as promised, now I'm going to show you guys the evidence number three, which monitors miners position. So Bitcoin miners, they get like 900 Bitcoins on their wallets every day because of the mining. So each mining, each block's mine gets them 6.25 Bitcoins. So whenever they send coins out of their wallets, probably they're selling, that's a bad sign, bad sign. And whenever they're holding their coins, so they're not sending the coins that they earn to exchange or to another wallets, it means they're holding. So holding is good. So the needle on the screen, please. So whenever the MPI index goes up, for instance, in early April, it went at 2.55. It's the yellow line over here. The black line is the Bitcoin price. So a high MPI index means they're moving coins out of their wallets. And a low MPI index, such as the current one, negative, means that they're holding coins. So the last time miners moved coins out of their wallets, Bitcoin price was hovering at $45,000 and that was on late March. So on the past seven or eight weeks, they did not move coins out, which means they're holding. So a bullish take. Thank you, Danilo. So a quick recap on the three data, and then you get to decide and please send us your comments on chat. So data number one, the Korea premium index, it hasn't been positive over the past two months, but considering the 40% price drop, it could be interpreted as bullish. Number two data, the leverage. So yes, Bitcoin buyers, leverage buyers using futures got hurt on May 11 and 12, but across a spectrum of 90 days, it was kind of a balance between longs and shorts. And data number three, miners have been holding their coins over the past seven weeks. They have not been sending their coins outside of their wallets. Yes, there may be a price that they'll be eventually forced to sell, but it's not happening right now. So that's it for me. I want to hear from you guys. All right, so I got questions, Marcel. So why is the Korea premium index, why is that pertinent and why is that a metric that you took into consideration to show? So good question. We all think that Coinbase is the largest exchange, and there's Bitstamp and Kraken in Europe, but we don't really have access to what's happening in Asian markets, mostly because trading cryptocurrencies in exchange is forbidden in China. So those guys use OTC markets, they use Korean markets, so they find a way to circumvent that, but there's no direct way to measure how is the demand going on Asian markets, specifically in China. So what the Korean premium tells us is that when there's money coming from abroad, like other countries, or retail is going to a frenzy, the price in Korean markets gets to be traded above the level that's been trading at Coinbase, Bitstamp and Kraken, and the other way around. So it's important to gouge the sentiment in Asia. Okay, that's good to know. I did not know that. Do you think a lot of the data is pointing to weakness from the retail markets, especially? It's a mixed feeling, Jordan. As I said, there hasn't been a Korean premium over the past seven or eight weeks, but considering that the markets, Bitcoin at least, dropped 40%, and most of the altcoins dropped 60%, and the premium hasn't gone to the negative side, meaning they're not desperate enough to sell below the prices seen in Coinbase, Kraken and Bitstamp, I would say it's a mild bear market. Had it been really bear, if the prices of Bitcoin plunged like 80% in two months, we would see the data much more bearish than what's actually showing us. So Marcel, based on these charts and based on the overall picture, do you have a sense of where the bias is in terms of up or down in the short term? Yes, Sam. I'll say, I've been hearing that the average cost of mining lies around $22,000, $24,000, and we all know that Tesla and MicroStrategy, their average price is around $30,000. So investors start to think, well, if miners price is $22,000 and Tesla and MicroStrategy average price is $30,000, maybe if some why, we don't know what's gonna happen, what's gonna take. If Bitcoin drops to $15,000, it's gonna force them to sell, it's gonna cause miners to abandon and to shut down machines, and it's gonna be the death spiral that we've all heard in 2018, and it never happened. But most of the investors joined this market over the past two years, so they don't know how the adjustment, the difficulty adjustment on the Bitcoin network works. They don't know that Tesla and MicroStrategy are not forced to sell if Bitcoin drops to $14,000 or $10,000. There's no set rule for that, and both the CEOs already said they're not willing to sell at any price. But there's fear in the market, prevalence here. So I would say maybe $19,000, $20,000 in the worst case scenario, according to the data we're seeing right now. Jonah Curry wants to know, when will the bull markets start, Marcel? What he's basically asking is when we will decouple from traditional financial markets, because the correlation between Bitcoin and S&P has been above 80% for the past couple of months. So until we decouple from S&P, and I don't know what's gonna need to happen, we should be continuing to grind in this bare range. And just to clarify, that range is you're saying in between $20,000 and $35,000? Right now, $26,000 and $34,000, $36,000. It's a $10,000 range. Very good. All right. You heard it first from the one and only Marcel giving you some of his insights and showing you what he dives into so that you can trade like a pro. Next thing's next, folks. We're gonna dive into a couple other articles and headlines. Bitcoin recorded its eighth weekly candle, and this is one of the first times this has happened in its history. So I'm gonna go ahead and pull up one of these headlines this week from Bitcoin here, brought to you by Cointelegraph. If you haven't, go ahead and drop your Twitter handle in the chat for that one month subscription of Markets Pro. We'll be giving that away at the end of the show. But Danila, if you wanna go ahead and pull this up, looks like we had the eighth week of a candle here. This is what we got, folks. One, two, three, four, five, six, seven, eight. What does this mean for Bitcoin? We saw Marcel talk about the range that we're looking at. What would we expect? I'm curious to hear from Jordan or Sam. Can this go lower? And if so, what does that look like and how low can it go? You wanna go first, Sam? Well, in terms of can it go lower, of course it can. It could always go lower. It could always get a lot worse. Again, for me, seeing eight red candles in a row is very surprising. Even during the last bear market, the extent of the decline that we've seen over the past few months has really been eye-opening. Even in bear markets, we don't see this level of capitulation so consistently, so violently. We do see the violent swings, but not the consistent reds that we've been seeing for the past few months. Even during bear markets, we do tend to see large relief rallies as well. So for me, I was always expecting a retracement. We haven't gotten that yet. So for me, right now, you have to take the cues from what's happening in the traditional financial markets. This whole idea of Bitcoin being a hedge against inflation and all that, it hasn't really played out that way. Bitcoin is highly correlated with the stock market. So if you're gonna see decoupling, Marcel talked about decoupling, the only way I see decoupling is if demand among the long-term toddlers continues to grow and you start to see more Bitcoin go from weak hands to strong hands, if you see that trend and that trend accelerates, you could potentially see a flippening of that narrative. But in the meantime, I don't really see that. However, if there is one silver lining, is that it seems like the Fed, certain Fed policy makers, are starting to pivot in their language about interest rates. It's very, you have to kind of really parse through to really get that. But we had Bullard, we had Bostic recently talk about the potential of either pausing rate hikes in September, or at least starting to think about lowering them again next year as they raise interest rates into a recession was what they're doing. They're causing a recession in the Fed. So any kind of language change on the Fed, I think is going to be positive for risk assets, which are extremely oversold. And that could lead to a short-term relief rally for crypto. But again, that's a short-term relief rally. Yeah, we're seeing the dollar get to really like it's what highest it's been in years. And it gets it's kind of pulled back really, but I'm expecting maybe even a little one more little blow off top of the dollar, which anytime the dollar goes up, Bitcoin goes down. So yeah, yeah, Bitcoin can go lower. But if you just look at the whole landscape, what can you put your money right now that isn't necessarily going to go lower, maybe oil, like WTI, or commodities, but everything, like the whole markets, global financial markets are kind of like, oh, well, I'm like, we're at a crux of like a serious downturn on a global scale with these markets.  That's what we're all really hoping for. It might be a little bit of Hopium juice, but I don't know, I just buckle up if you got the dollar cost averaging chops do so. But like, this is this is where the crypto chops are made, man, bear markets are rough. But there are a lot of the dominant percentage of the time in crypto markets is is bear. It's like, oh, we're like sadists over here, like in the pain for like the momentary pleasure that it gives us. But yeah, crypto can go lower. So just try and hold in there, man. Yeah. And as as Jordan mentioned, the dollar is actually really important because there's that inverse relationship between the dollar index and Bitcoin, the dollar index, you can track it using the DXY, which tracks the performance of the dollar against a basket of six currencies, most notably the euro. But the DXY seems to have peaked around May the 12th, around 105. It's back down below 102 right now. So maybe that run up in the dollar is beginning to moderate, which historically has been fairly good for crypto and for Bitcoin. And Marce, I think you have some insights about what's going on at the macro level from the stock markets. What are your thoughts? I kind of agree with Sam when we say that, okay, we don't know exactly what the decoupling is going to be. But if you stop for a minute and you think, okay, so why are we buying crypto currencies in the first case? I'm not saying if it's Bitcoin or Ethereum or whatever coin, but it's because it's a scarce digitally scarce assets and governments have no access to your wallet. So there's no sensor involved, involved. No tyrants can remove your coins from your wallet. So once the governments, for instance, implement the CBDC, which is their digital asset coins or whatever, but not using blockchains. And they tell the population, so you can only spend 50% of your money in food or you need to spend at least 20% of your money in energy. Otherwise, this money will be wasted, burned, this digital money will be burned. So there's got to be a reason for regular people to say, okay, I don't care about this anymore. I'm not using the US, the CBDC of the dollar. I need to act. I need to look for an alternative. So when this happens, we're going to see a decoupling. So I don't think it's something necessary that Bitcoin or Ethereum will do, but what the governments will be doing to create this panic and this mass exodus. Let's see a lot of people in chat right now. We saw turbulence in financial markets. It's just getting started. It sounds like a lot of people are bearish in the traditional markets here in chat. We had fear and greed index at 12. Where are you guys at? Are you feel for right now? Are you getting greedy during these kind of moments? Because we're being the antagonists during these types of times. I'm curious to hear your thoughts. Quick takes, Jordan starts off fearful of greedy right now. I'm being greedy, man. Like I'm starting to get the dollar cost averaging urge. And like this, that says in the side, I've never seen so many regulators come out talking about regulation after this Taraluna blew up. So I'm suspect of that. Like there's so much to talk about regulation. I'm like, this might actually be a good thing. It might help move this train along. Sam, fear for all greedy. Yeah, I think being a contrarian in this kind of market is usually a good thing. So if the market is this fearful, I guess I'm greedy, but only from the perspective of Bitcoin, because friends don't let friends buy alts in a falling market, as I've mentioned before. I'm not going to catch any any falling knives. So yeah, that's that's my take on that. Marcel, for six months time frame, at least six months, I'm greedy. But for zero to three months, I'm saying stay out of it. Just wait for a better moment. In my humble opinion, all roads lead back to Bitcoin. During the storm, you take shelter in Bitcoin regardless of whether it's going up or down, you know, it's going to be there for the long haul. That's my take on all this stuff, because I got burned on Taraluna. I'll be the first one to say it. And so I'm looking for that that safety shelter right now Bitcoin for me. I'm DCing in all day long, all week long. I don't care where that price is going to be, because I got that long term vision. So I want to get into our next segment here. But before we do, just want to say these are the personal opinions of ourselves, not represented of the greater Cointelegraph ecosystem. We appreciate everyone that's tuning in today. Don't forget to like and subscribe, turn on that notification bell so you know when we're live, and you know when you can get the hottest takes on the internet from us. But next thing's next, we're going to give you two tokens you should have been watching this week. And guess what? If you had had that markets pro platform in your pocket, on your phone, on your desktop, you could have spotted some of these trades, guys. This could have been huge for you on those vortex scores and those newsquakes. So let's go ahead and jump into our markets pro two tokens you should have been watching this week. It's Clay token folks. And if you would have caught the newsquake, those are those automated alerts that you instantly notify our users about market moving events. And so what happened this week? Well, on May 16, the newsquake informed markets pro users that will be global would list clay token on May 18. Time of that newsquake, the price was 39 cents. And then it ripped up to 44 cents after the listing. That's a 12.8% gain. And when we're in these types of markets, you are going to take those swing trades if you can get that 12% gain in a day, and you're able to get in on that. That's why you use markets pro bear market bull market.  We're here for it. All right, folks, the next token that we have this week is K and C. And what happened? Well, the vortex score, which is a comparison between its current market and social conditions of those in the past, this thing clocked up in the green area. What does the green area mean? It means it's 80 or above and 80 is considered confidently bullish 30 indicates historically bearish conditions. And so what happened? Well, this week, we saw that vortex score splash green and alerted markets pro subscribers. And that price shot up from 149 to 275. That's an 84% increase. That's tremendous. I don't think you could ask for anything better right now in these market conditions. And if you have markets pro, you're able to get this, you get a notification anytime one of these events happens. And that's why we're trying to highlight this. We want you to win help us help you. And that's why we're going to give you a one month subscription of markets pro. So make sure you drop that Twitter handle in the chat because we're giving one away here at the end of the show. But folks, if you want swag, look, we got it. Cointelegraph store.cointelegraph.com. Make sure you get it. All right, we're going to put up this. Do we have a poll today? Are we bearish or bullish? Do we want to get a poll up bearish or bullish? And we're going to see what what folks have. Now, I want to hear closing thoughts here. Let's start off with Jordan. Where what are your final words for today's show? And then we'll give away our winner for the one month subscription of markets pro. Well, as I've said in past weeks, it's it's good to get yourself out of just being focused on crypto. Like this is going to be a really challenging time.  So just learn to kind of navigate these choppy crypto waters. Understand that a lot of the time is spent in a bearish market down. Those are the best opportunities to buy, though. So just if you can dollar cost average or just kind of collect your pool your money and wait till the future when we actually start getting to turn around and that kind of gets verified on charts and stuff.  Don't focus on your crypto portfolio too much and just find enjoyment outside in the nice sunny weather if it's summer for you like it is here in the US. Very good. We got that poll up. Don't forget to vote bearish or bullish. What are you right now? Sam closing thoughts for today's show? Yeah, well, this negative sentiment, this downward action, this is really makes me feel at home. This is usually what it feels like in the crypto market. The rips higher tend to be the exceptions, not the rules. But take solace in the fact that we're early adopters in an industry that's going to become probably the next sector of the S&P 500 one day. So you can consider crypto to be like the dot com era back for tech or for the internet era back in the late 90s. There's a lot of comparables there. Again, you need to have a longer term horizon. Wealth isn't usually created very, very quickly. Just know that there's broader macro forces outside of our control. We can't control what the Fed does. We can't control what's happening geopolitically. All that is weighing. But again, if you're holding quality projects, if you're in Bitcoin, the future is bright. We just have to navigate the next probably the next six months to see what's going to be on the other side of that from the perspective of macro, monetary policy, the economy, et cetera. Not an easy time, but you should be positioned accordingly and not overextended in terms of your exposure to a highly volatile sector. And Marcel. Well, but I'll just say that if you think that the the SpaceX and Tesla CEOs and CFOs are stupid people or micro micro sailor, the longest running CEO of a listed company ever in history are dumb people for holding Bitcoin at $30,000 and seeing collapse to $25,000 and not making a sale. If you think they're idiots, I think you got to be a scientist at MIT or some very special person to think about that because those guys are savvy. Those guys are seeing the devaluation of the dollar because the inflation is not the CPI metric. The inflation is the amount of money that has has been printed over the last two or three years and 40% of the money in circulation has been printed over the past two years. So if you just hold your dollars in a bank account, you're effectively losing money 10, 15%, 20% every year. And you don't want that to your money. You don't want that to your holdings. So Bitcoin and cryptocurrencies is a new system. It might work. It might not work, but at least is an alternative. So give it some space, 5%, 10% of your portfolio for the long term. If you're not a trader, don't try to trade cryptos. The volatility is too high. You're going to get burned. So just invest for the long term. Hallelujah. Amen. All right. I love it. I love it. Love it. Give me jazzed up. I mean, if you're in crypto, you're in it for the long haul. These are the moments where this makes you five years from now and living through these times of adversity, I think builds character. And that's what we want here in the crypto world. Go ahead, Jordan. Yeah, on that point, Benton, for all those people, I wish I would have bought Bitcoin at 100 bucks. I'm like, welcome to what it's like to buy Bitcoin at $100. This is what you get. This kind of market is what you get when you get in earlier. So just take it and enjoy it. Exactly right. There is a life outside of crypto, but we appreciate everyone for tuning in. It looks like we got to give away that one month subscription to Market to Pro. Let's see. Let's check the chat. Do we have any Twitter handles in there? I'm not seeing any. I've literally the first person that drops their Twitter handle in today right now is going to win. So go ahead and do that. I'm going to give you 10 seconds to do it to claim your prize. You could make an 80% trade just by getting a free one month subscription to Market to Pro. Is it Jonah? At Jonah? Yeah. It's just at Jonah. Okay. At Jonah. And folks, if we get 56% of people here, perish. What does that tell you? Be the contrarian. Dollar cost average. Not financial advice. All right, folks. Well, that's going to do it for today's Market Report. We appreciate you jumping in. Until next Tuesday, 12 p.m. Eastern. We're here. Like and subscribe. Coin Telegraph on YouTube. Until next time, folks. Over and out.


Hello everyone, can you hear me okay? Can you hear me? Yes. I'm Benjamin Weather and I'm going to talk to you about one check-in stall in 18th September. Let's talk about what one check-in stall is and how we're using it within the check-in system community since 10.3. And how you can use it to make music for users to install stuff there. And then if you're not tired, you might go into some of the problems and how you can make things even easier. It was a long time ago. So, what is one check-in stall? For music really it's not actually installing stuff over one bit. The name stuck not entirely sure in here, not really. Amazon. But they're much better, I think, than some object users. It's not as bad as it is as Amazon. But what it is doing is trying to remove some of the problems that users are encountering and trying to use the package language system. So, problems. User visits the website of some software such as a camera book or pigeon or something like that. And then when they might try to find out how to install it, then they might get a lot of instructions as in terms of the methods that they're doing such as the software repositories. And then they'd have to follow some steps to install the software in order to make it easier. And then in order to do that, they might have to use some complicated interfaces. This is one that we had in previous versions of VocalSutor for adding your package repository. And the user would have to know to split up URL into the server name and the directory on server, which a lot of people had problems with. And it's not just one step. We might have to add the package repository for the particular project. And that's like while metadata from that repository is downloaded. And then start the package manager up to look for the packages. Select them to be installed. And then wait again while they're actually installed. So, things we could make easier. As I mentioned, the user visits the website and then decides they want to install it. Or, you might get a set of physical CD media. Or independent software vendors such as the gamelike and autonomous. They tend to use their own custom installers that don't want to go back with the system package management. Do you know if there's a way they can go and install it that's both easy to use and integrated with the system package management. And also how to's in the tutorials. For example, how to get full multimedia support in a system. And how to get this hard work to work. In the past, there's been voted a lot by having to include explanations of adding your repository and installing these packages and then performing these configuration steps. So, the solution is to automate the addition of the required repositories and all of the packages that are required to install the software. So, on there, that is 10.3. Right, click a link on a web page like this. And then get a wizard like this which will explain what the software is that's going to be installed. And it will go ahead and install all of these packages and use these package repositories to do it. Because beforehand, these are a package manager management system. And then tick all of these boxes to install the software. And if you carry on, there are a lot of great machines in install. So, how does it work? It's a simple as well description file which just specifies the repositories of the software and the packages that are included in this file of software. There's a special line type and there's the handbook installed on the system which understands this as well file. And it will perverse it into package management instructions. And you can, unfortunately, use the data postal which is made up of most of the browsers to get around the fact that if you don't have access to the web server, say, for example, if you're not posting an email, you don't have access to your total of one server that you've already submitted. So, this way it works well with the browsers, it doesn't provide modifications to the browser to all this configuration. Some other ways could have been done. And you could have RPMs that can install the repository on the system. But you need a package and knowledge to convey those when it becomes a lot of distributions. And I think Ubuntu has been at your ritual, it's people on the list version of Ubuntu. It can install packages from the main system of the system. That requires more than services modifications to the browser. And you're a bit more limited to what you're interested in. So, have we used most obvious ways on blogs to develop this buggy about new software that features that out into software. You now add links to the blogs that the user is going to be able to look at it. I don't think anyone's using it on media. So, software catalogs pack-bound is one of the most popular third-party repositories I've consumed. They include a strict codec and lots of other newer software in the shape of the distribution. And on their website, there are a lot of package details that don't have Ubuntu and still links. So, if the user's having boots, they add it to the pack-bound repository to their system. So, they can install them easily. Also, build services work in a place that makes use of it. And they can add that in such a way. The traditional version of trees is being a particular problem in open-source because they do other distributions. We do have an awful lot, I think maybe up to a thousand, because a tree is available for each version. Whereas other distributions don't have just one big one. So, it's also used for the yes community repositories module. This is a new feature in 1.3. And it is becoming the most popular repository to put these to my watch with a lot of descriptions. And they can choose which ones to do and which ones to do. This will download a file in the same format in the server to get this list of repositories. Great. So, if you've got some software and you want to use the one-second store to make it all simple, use the system and install it. First thing is to package it for the entire distribution. So, create some of the RPMs for everything. Then put those packages in a package repository so that the package manager knows better than we can. Find what some of those are required in order to use the one-second store. And then you can create a YMV file. This is the XML description that we've mentioned. And then you need some distribution. The best way to do it is to access it. So, the build service can help with all of these steps. You can enable packages for all the distributions and you can host the repositories if it's great software. It can automatically generate the one-second store links, but you don't have as much flexibility as creating yourself. So, XML format. It's relatively simple. You have a group of packages which represents the software bundle that the user wants to install. You can enable them on a base or on a YMV file later. Sorry, can you speak a little bit though? Sorry. You have a group of software that represents this bundle of software the user wants to install. So it might be local packages that go by an hour. For each of these groups, you specify the name of the software. So it might be on the way. Give it a summary and a description. This will be displayed in the user interface of the wizard so that the user knows what's going on. And then you have to specify a list of repositories that you require to contain your software. And a list of actual software packages. For each repository, you specify a name and a summary and a description. Which will be displayed in the user interface. And the actual base URL for the repository. You can specify some word information here. This is about the mineral that's arrived there. Name, season. And then the package actually will be able to have the repositories from those URLs. Each software, specify a name, which is exactly the same as the name that will be displayed in your package manager. This is how it names what to install. Add a summary and a description, which will again be displayed in the user interface. The reason you can't get the description information from the metadata that already exists, is that this is displayed before any package management operations have performed. So, it is the reason you need to decide whether this is actually what they want to do before they are going to be commissioned to actually install the software. A couple of other things to mention. You can translate the strings. So, if you want to support users in different languages, you can specify the same description again and a summary in a different language. And the handle will choose the one that addresses language for the user. I mentioned that more than one group. So, you can specify instructions for differences between 10.2 and 10.3. The handle will pick the group that matches the install system. So, if you have different packages on different ones, all in different repositories anyway, you can use that. And just have one in your link, which will work for the user in different versions. And if you don't specify one, that will be used in other languages. Is there a specification for how to use the string in a disk version? Yeah, it's using the version that, say, the evidence is, once using the one, the version string, but the answer to say, yeah, it exposes the instance in the etc. So, it's a release. If you want to differ with a lot of distribution, then there's a person that will be able to decide what you want to use for distribution. Yeah, so you may be thinking, I don't use that in too many ways, is this, but you could potentially add the implementer handler for this XML file all the way for your distribution and convert to a quicker package management construction to your distribution. And if you find that there's additional information required for the package management in your distribution, that isn't what they can see, then it is possible to tweak the XML schema because, in certain ways, they won't break back. As far as sorting out the distribution, another thing that might be nice is using some other package management system such as CLIP for users who don't have their boot access on the system. Is it if you do have support right now for Fedora on your package trip? No, package kits is a difficult one. They're not sure if they have a concept over a puzzle train. You're not seeing anything in package kits then in case you can add and remove the puzzle trains. You can implement potentially just installing packages that are already available in the system of the puzzle trains. You could actually use Fedora a lot, so I'm curious more about Fedora itself. I'm just going to use a package kit to help you use that. It would be a matter of time to do it, but if you need to support it at the young or simple level, then you have to do it obviously through... Well, you can package it onto anything, but if you don't have support for adding the puzzle trains, you can't really package onto them. You could with package kit and something else. I think we can do a local and soft file stuff. It's probably ready to be done at least. Nothing else. Am I right in thinking this has been back ported to 10.2 but not previous? Would it be hard to back port it to 10.1 or SLE 10? It probably wouldn't have been actually traded at the university of 10.1 in stores. Talks to you after? Yeah, okay. I am holding the time. Fedora problems had the one... The handler included with 10.3. It doesn't understand installing only any of the versions available. It's a software, so operating SLE all the kd. Also, that moment just the best match for the package gets installed. It was chosen by the seller. A lot of people would like it to be installed from the specific repositories that are named in the X file file. This isn't normally a problem, but things like analogs may be available in three or four repositories on every season. Then it's said that we may not get the version that they actually want it. Some people are requested to use it in place. The build service can generate the version. Another problem, possibly, is that it's not too easy to install software. It's very easy now to install beta software with a system or even malicious software. They have the protection of the package management system, so at least we have to decide whether they want to trust the key that the software is signed with that to most users and other messages such as that. Well, warnings such as that, whether they do not mean it or not. They wouldn't know how to go and check it and find out whether it's trustable. But there are people working on trustability service and they're already waiting for the build service. So it's nice to look up on the build service or whatever, how much the package is trusted, and whether this package is high quality and so on. You might be able to display something more meaningful to the user. Another related issue I want to talk about. This makes it very easy to found it, so if you go to a project homepage, you can answer it very easily. It doesn't solve the problem of finding the software the user wants if they don't know that they need it. For example, Codic installation. It's a bit better in 10.3 if they use anilog or possibly want a big amount of players. It will ask them if they want to install mp3 support and it will guide them eventually to one of these point of the stores and it will install community package. But it's still not as easy as it should be and it's all those things that aren't mp3. So it would be nice if the system could find software more automatically. Hopefully, yeah, we're going to have a command not found feature which will tell them if they type a command and it's not in the store. We're going to try to install this package to fix it. It would be nice to also be able to say that even with dialogue, when you plug in new hardware you can look up what gliders could be installed to fix it. Both in the local package management caching must be with website schools as well. And it has a list of software that could install it. It's important for them. And yeah, Windows does this already. It's potentially legal if she's... There's lots of software that it wouldn't be any problem with, but the sound of mp3 support by video drivers is potentially legal if she doesn't make a client with it. Or the number of websites up there. And even with problematic software that are way around it. Community repositories, YAS module. Also this is the new repositories that we've found that's officially supported by Windows. And also we've had a host of this that provides us with that information about the host to get themselves. So yeah, that's something really interesting to work as in the future. My pet peeve with one console is that. It's being installed at UI when you're installing different packages. You just get lots of alert boxes coming up and up and up again and sometimes lots of focus ceiling. Is that being worked upon or is it a scope? It's just using the standard YAS progress reporting. And that's already being fixed in the 11.0. It'll just give you one focus plan. Gollos to other distributions. It doesn't have a package key. Is it just a number of changes? But there's no support for package keys at the moment. Yeah, but it's dropped. There is no package key, so it's just using it straight off. But it couldn't be backed onto anything that's supported by package management operations. So you're hunting young. Can you have a wine piece with just the repository and no packages? Yes, so that's what they came to. More information on the website. Or you can come on me for it.