Hello, friends, and thanks for hanging out with us today on the Market Report. I'm your host, Benton, and we are joined again by resident experts, Jordan Finneseth, Marcel Peckman, and Sam Borgie back from the Bitcoin Miami Conference. Jordan uses his background in psychology and human behavior to spot emerging trends in crypto. Sam Borgie is our business editor at Cointelegraph, where he brings a decade of experience in economic analysis and financial market writing. Marcel Peckman applies his 17 years of experience trading derivatives options futures to the crypto derivatives markets. Fellows, what's going on this week? I don't know how we feel and Marcel, what's going on, man? Benton, everyone's getting crazy about Bitcoin dropping to $40,000 and Ethereum dropping to $3,000. But we guys have been here for the past cycle, who've seen Bitcoin go down from $20,000 to $3,000 and survive. We're thinking, what are those guys saying? There's no bear market. We're still at $40,000. We're doing great. Yeah, we're coming off a hot CPI print of 8.5%, man. Bitcoin and crypto currencies are about to shine, hopefully, at least that's the theory, right? We'll see how it goes moving forward. Yeah, crypto can't hurt me anymore. You can't break my heart anymore. I've been broken too many times. I've been around for too long. You can't hurt me anymore. You can't. But as Jordan mentioned, that's CPI running hot. They're blaming it on the Russia stuff. But CPI was rising way before that happened. So now it's time for Bitcoin to put up or shut up as an inflation hedge. So we'll see how things go over the next, I would say, three to six months. I was going to say, we got rejected from that 48K mark and kind of pulling with a back down to 40K now, Ethereum's holding right around 3K. We will see what happens and shakes out here in the days ahead. We're going up. We're going down. Marcel's got some interesting insights as to what's happening on the back end with professional traders that he's going to jump into here first. But today, we're going to be talking about some mistakes that we've learned that we want to share with our audience today. So I want to thank everyone for tuning in. I see we have Vikram back, Crypto Nitros, Adrian's here, Shelter Corgi. Thank you for jumping on the show today. We greatly, greatly appreciate you all tuning in. Hopefully, you're able to take away some solid nuggets of information that we're about to drop on you today. But first things first, we want to cover some of our headlines and what's happening this week across the Twitter sphere. But if you haven't subscribed to Cointelegraph on YouTube, go ahead and do so now. Drop your Twitter handles in the chat. We're going to be giving away the one month subscription of Markets Pro. We're going to talk about two coins that were our biggest movers this week. But first things first, let's go ahead and jump into our weekly roundup with some of the news from this week. Big waves across all spheres this week, not only just the Twitter sphere. You had Tom Brady had ESPN doing deals. You had Timbalin. A lot of celebrities, I think, are starting to get involved with crypto. But first things first, I want to hand this over to Marcel because he's going to give you the skinny on what's going on with Bitcoin and Ethereum this week from the professional trading standpoint. Again, for those who are in chat today, drop your Twitter handles in because we're giving away that one month subscription of Markets Pro. Danilo, let's go ahead and jump into Marcel's expert segment for this week. Bitcoin is back to $40,000. Ethereum back to $3,000. So basically, crypto market capitalization reverted gains from the past three weeks. And do you know what happened to traditional finance markets? I bet you haven't been looking at it recently, right? Because the Chinese tech stocks, for example, they're at the lowest levels in five years. So Chinese MSCI. Meanwhile, the US government bonds hit the lowest levels since December 2018. This means that people are selling those treasures at a loss as they realize that a two or 3% yield does not compensate for an eight and a half percent inflation. So you're basically losing money by holding those bonds. So I want to share a screen here, please, Danilo, which is going to show the crypto market capitalization in blue versus the Chinese stock market as measured by the MSCI. So the orange line, which picked right here in February at a left scale, is the MSCI China tech stocks, which pick it at 108. And you can see right now it's near 45. So it's down 50, 60% below all time high. Meanwhile, you can see there's really no correlation as the crypto total capitalization surpassed $3 trillion right here in February. It picked up $3 trillion in November and it's currently standing at $1.9 trillion. So we're doing way better than those traditional markets. And as I said, Chinese tech stocks are 60% down below all time high. So this correlation story, it doesn't go well with me. I don't buy that story. So thank you, Danilo, for sharing that. So first of all, do you guys that you guys understand that Bitcoin and Ethereum are doing fine? Do you see how the traditional finance markets are melting down? I want to hear from you guys first. Yeah, I see the correlation on the chart, even with that chart was going down. And I remember China was right around May that they announced that they were like banning Bitcoin mining and everything. And that caused a little bit of dip in the price of Bitcoin. But it seems like they just have something against their people making money off of technology things all last year. Love the Bitcoin and technology stocks that's been tanking all year. Crypto's going up. I do think we're starting to see like people will see the safe haven that is cryptocurrencies compared to the stock markets. Yeah, as we mentioned with inflation at eight and a half percent, now was the time for Bitcoin to really prove one of its big use cases. I think there could be more room for paying for stocks coming up maybe in May if the Fed decides to raise interest rates. If you take a look at Fed fund futures prices, it's implying a strong possibility of a half a point percentage increase in May. So if that were to happen, I mean, we might have some some more volatility in stocks leading up to that event. So overall, I mean, I think all of us here see that there's a clear difference between investing in Bitcoin and risk assets like stocks. But we'll see whether the institutions fuel that way, you know, because we all wanted the institutions to arrive and they've arrived and it seems like there seems to be more correlation. It might not be a very, very strong correlation, Marcel, but it seems to be you know, Bitcoin and crypto are trading in the direction of stocks, at least I would say recently. Sam, I understand that crypto traders are frustrated because as Benton said, we just hit 48000 and everybody thought, oh, we're out of this bear market. It's over. It's going to rally to 50 to $60,000 right now. So but there's a specific thing about crypto markets because those traders tend to exaggerate both optimism and pessimism. Why is that? Because they like to gamble. They use the altcoin markets. They use 100 times leverage, 50 times leverage on perpetual futures. So instead of using the traditional fear and greed metric, what I think is backward looking, I like to measure the trader sentiment using the perpetual futures markets known as the basis rate. So whenever those traders are trading quarterly futures, they would demand more money to lock in the money because other than that, they could be doing staking, yield farming and getting, I don't know, 10% per year on stable coins. So whenever they're going to sell those futures premium, they're going to demand a 5 to 12% additional money. So Danilo, can you share my screen please? So here you guys have Bitcoin premium picking at 18% in November as Bitcoin price picked, but recently it plunged below 5%. So indicating that those traders are becoming bearish. So whenever the futures premium, the Bitcoin futures premium trades below 5%, it means those traders are bearish. And that's the situation we have right now. So if you guys are right and the stock marketer, the traditional stock market is going down, it's going to plunge. Things will get a lot worse for Bitcoin and Ethereum. So that's my call. If you, if you guys think that, yeah, there's a good chance that stock market crash is happening, crypto, Bitcoin and Ethereum is not a safe heaven, at least for the first couple of months, it's going down as well. There's nothing we can do about it because we're still perceived as a risk investment. So, Marcelle, I have a lot of questions for you. Number one, what would happen in this scenario if there was a massive bond sell-off because people are like, Hey, I need to cut my losses. The CPI is up at 8.5%. These treasury bonds are only yielding 3%. Would that ever be a scenario? And if so, what would that kind of look like? Or what, what could potentially happen to the markets? Okay, Benton. So I think there's a good chance that those investors are going to realize they're getting scammed by holding a treasure yields that yield 3% and inflation is at 8%. Having said that, I don't think that they'll get this money and say, well, let's buy this Bitcoin asset, which has like 60% yearly volatility or 90% yearly volatility. You're not going to do that. That's for sure. Maybe they're going to buy S&P 500. Maybe you're going to buy real estate. Maybe they're going to leave cash position at hands. So if a crisis come up, they can buy assets cheaper. But I don't think it's going to be good for Bitcoin and cryptos in the first moment if there's an outside good flow coming out of those bond markets. It's not flowing into Bitcoin in the first period. I don't think so. I agree that if there isn't any major sell off on the markets, it will definitely hit the crypto market at least at first. But when do people realize that my fiat's learning losing all its value? I don't want to sell my stocks in the fiat. When that fiat is just losing its value, like at what point does cryptocurrency go like, hey guys, hey, right here, right here, man. Keep talking to me Jordan. That's a question that we have somebody from Canada here and he's going to give us some insight on the housing market.  And now it's trading at 1.2 million and buyers are paying 30% above the asking price. And you've got a question yourself. What is going on here? Are those houses really that hot? Is my neighborhood really that good? Or is money coming down in value? So when those investors realize that they're paying 100 times price earnings on stocks, that the house tripled prices in one year, they're going to search for other different and alternative markets. And Bitcoin is going to be an option. But that can take six months, 12 months after the crash. But I want to hear from Sam. Yeah, so I agree that if investors are selling bonds, they're not going to go buy crypto. I mean, it's a very different risk profile. Usually people who buy bonds are looking for a risk off. I was interviewing Mark Yusko a few days ago and I told them who in their right mind is buying treasuries these days. They're central banks who are buying them. So I don't think that a sell-off in bonds is going to be advantageous for crypto. But as was mentioned by Marcel and by Jordan, where do you put your money? Like, so I sell everything and I put it into fiat that is depreciating in value by 8.5% according to the CPI. And the CPI doesn't measure investable assets, it measures goods and services. So the value of your holdings is actually going to decline even further.  And for me, I'd rather be invested in an exponential market that is crypto, exponential market that is Bitcoin. That's what I feel comfortable investing in and saving in over time. And I think eventually more people will see that. Miami was a massive event. People from all walks of life came. You could see that the builders are building in this new ecosystem. I don't see that changing anytime soon. I'm a price perspective. You have to be patient. I have another question just generally for anyone. If inflation is affecting the dollar inherently, wouldn't that also impact stable coins? I'm curious to just hear thoughts on this one and then I'm gonna switch over to the comments section. Looks like we got some fire comments going on today. Well, from a Latin American perspective, whenever I buy a stable coin, I know that it's safer than the local currency. We've seen Argentina, Venezuela, Iran and so many countries running to hyperinflation. And we had that in the past in Brazil. So whenever we buy a stable coin, we know that it's not the best asset in the world, but at least it's better than ours. Eric Voorhees just tweeted that stable coins are down eight and a half percent year over year. So the inflation number, right? So yeah, that makes sense. Yeah, if the dollar does collapse, I don't see this happening immediately, but in the future, there will be a reckoning in the whole stable coin market with any of the stable coins that are tied to a dollar. But that's something to deal with in the future, man. Yeah, Sheltered Corgi in chat here says 7% inflation, but alt coins can go down 99%. Might be better for some people to be all in cash. Is that a hot take? All in cash? That's pretty bold there, Sheltered Corgi. Yeah, no, thanks for everyone that's jumping in chat here. We're gonna be cruising around the chat today. See some people that are on shade today at folks in chat. Let's see, yo, where can I go to the beach towel with the sun? I think they were talking to you, Sam. So keep those comments flowing today, folks. Love having you tuning in. And again, we're gonna be giving away that one month subscription Markets Pro. We're gonna tell you reasons. We got two reasons why you should be subscribing to Markets Pro. We're gonna get into that later. But next that we have up on the docket is we got some stories to tell you about what not to do based on each one's experience. So we have some education stuff for everyone today. But first things first, we're gonna get started off with Sam in today's segment of what not to do in crypto. Yeah, they're always picking on the Canadian, eh? Yeah, I get it, I get it. So in terms of what not to do in crypto, I think there's such a massive laundry list of what not to do in this market. I'm gonna try to limit it to just three. The first thing, the first issue with a lot of crypto traders is that it's called analysis paralysis. If you go on crypto Twitter right now, you're going to see chart after chart after chart.  All of that information leads to information overload. It leads to analysis paralysis. You're not gonna get anywhere trying to make sense of every single data point. You have to have an approach to investing.  For me, I like to base my investments off strong conviction. I'm in crypto for the long run, I believe it's an exponential market. My investments and my behavior mimic that. I'm not out there looking for new charts and every single data to sway me one way or the other, especially with the bull and bear narrative that we see in the market today. So that's one issue that I see. The second one is only looking at price when deciding to invest in an asset. Look, a lot of us here in crypto, we wanna make money, we wanna, we have visions of making a huge payout in the future. One of the worst things you can do is just looking at price. Oh, well, the price is less than one cent. I'm gonna go put $10,000 into this coin because if you can go from one cent to a dollar, that's a lot of money. But you actually have to look at other metrics like the market cap, how much coin is actually in circulation? Just because something is valued at 0.0069, but it has a quadrillion supply, it's never gonna reach a dollar or $1.50 because its market cap will be bigger than the entire global financial system in that case. So don't just look at price when deciding which asset to invest in, you have to look at the tokenomics, you have to look at the project as a whole because don't dream about hitting a dollar if you have a quadrillion supply. And the third issue that I see a lot of people face or a lot of people experience in this market is they get cute with trading. Getting cute with trading is a recipe for disaster because it drains you of your capital over time. As a trader, you should be focusing on preserving capital.  When you start making trades, I'm gonna invest in Zillica because it went up 300%. Oh, look, the gains are gone. I'm gonna now cycle that back into Gala from there into Polygon. Let's go back into Ethereum. It's back and forth, back and forth. You'll end up getting wrecked over the long-term. You'll slowly get wrecked. So value the high value plays, be willing to hold and be willing to invest with conviction or trade based on a proven model. Any kind of analysis that you're doing, stick with it, have a plan, and don't get cute with trading. That's it. Love that, love that. Well said, well said all around. Marcel, go ahead, I see you have some questions. Yeah, great tips, Canadian, but as usual, Canadians are too theoretical and not practical. So help me out here. What are the suggestions for traders to beat this information overload? There are just so many indicators, maps, influencers, and that are crunching companies. So what are your practical tips? Honestly, Marcel, that's a really good question. The thing is, I mean, any kind of market has the same indicators. I mean, those Elliott wave guys, for example, they trade stocks, they trade different assets. The problem with crypto is it's dominated by this bull and bear narrative. Everyone has a bull or bear narrative. You're getting dragged one way or the other. If Bitcoin falls below this level, we're in a bear market, if it goes back this level, we're in a bull, you should avoid the bull and bear market. Just remove yourself from those types of narratives, focus on fundamentals, or focus on certain technical indicators. If you like to look at moving averages, if you like to look at momentum indicators, if you're into oscillators, but have a plan. And if you like Elliott wave, for example, use that, but don't sit there and be pulled by bull and bear narratives. This market is extremely susceptible to that.  Because look at crypto Twitter right now, last week we were in euphoria, now we're back into gloom and doom. And the charts, you can find a chart that'll tell you anything. So avoid those polarizing narratives when possible. Yeah, I can attest to the avoiding trading and jumping from coin to coin. I remember doing that back in the day and it's just like 70 to 80% of the move comes before most of us even hear about it. And then we're like, jump in. And then it starts pulling back and the next one goes. So yeah, it's a losing battle and you just watch your stack slowly deflate when you try and jump from coin to coin. So it's definitely like a top recommendation for me too. Yeah, absolutely, absolutely. It's okay to cut trades if they're not performing well, but it's the constant chasing from one to the other that'll get you into trouble, right? Because it'll drain you of your capital. Yeah, I mean, the other thing I wanted to chime in with here is you bring up a great point with the analysis paralysis statement. I mean, my short trading career, it's like you learn to kind of really pick your two or three like solid indicators that are kind of like your bread and butter. I've tried to do the thousand different indicators and lines and charts. It's like keep it simple and you just kind of stick with your two or three that work really well. And I see Marcel do that week in, week out. And that's like another testament to keeping it simple. Yeah, Marcel, go ahead. I have a question that I'm really not a trader. I used to be, now I'm more of a holder, but whenever we're trading in crypto markets, we got to remember their high volatility. So a 20% gain or loss in a single week, it's common. It happens quite a lot for us. So how can a trader find a sweet spot between setting up entry and exit points and over trading? Because if I do a 10% gain or loss, it's gonna happen in three or four days every time. So isn't that over trading? Yeah, I don't know Marcel, there is a sweet spot. I think if you're a really good trader, you're probably getting it right half the time, just to be out of the matter, which means that half the time that you're wrong, you want to be able to limit your losses and preserve capital. So whether that's setting stop losses, whether it's cutting your losses early, whatever it is, that's just the reality of trading. Most really good traders still get it wrong half the time. That's why like you, I'm more of a long-term investor in this and I have my own narrative that I'm following and I believe in the conviction. I have a strong conviction in it and that's what I'm using. I'm investing and I'm holding for the long term, I'm not hodling blindly for 25 years, but I'm investing in an exponential market and that's what my expectation is. I'm not in it for a quick entry and exit. And are there any sources that you trust for information aside from us at the Market Report in Cointelegraph, where people can find goods, all that information is kind of condensed maybe more or just not so like the encyclopedias that are out there? Honestly, Jordan, one of the people that I follow that I really like is Bob Lucas because Bob Lucas has a four-year cycle theory and he's been on that since late 2018 and more or less everything that's happened has been expected up until the crash that we saw last year. I think for us, the big thing that we were surprised at being in this market is that we didn't get the exponential blow off top. Everything else more or less has been in line. I think if you can find a few traders that you really trust and they follow a certain trading strategy that you also employ, that works, but also be willing to study every project you invest in and again, know what the long-term value proposition is. If it has long-term value, you should be okay holding for a longer term. Definitely and I see people blown up the trap right now. It looks like Bali port. I don't know what happened today, but I hope you didn't wake up on the wrong side of the bed. We appreciate you being here. You're watching. So I've been seeing the comments float around chat today. Yeah, welcome to the show, Balapur. You're here with four different experts so thank you for tuning in. Now I wanna get into some of the mistakes that I've made and what you should not do. This is gonna be for beginners, for folks that have been around the block who are heavily in DeFi. Those are the waters that I typically sail around the most. So Danilo, let's go ahead and jump in to some mistakes that you shouldn't be making. There's something else floating around right now and it's not COVID-19. It's Moon Boy Fever. That's right. That's something you don't wanna catch, especially when it comes to your trading positions. So what do I mean by Moon Boy Fever? Well, this means when you 2X or 3X your principal investment, this means to take profits and the way that I like to do that is associate my gains with physical items, whether that be a phone, a laptop, a new pair of shoes. Associating your gains with physical, tangible items for me has made things a little bit more psychological when it comes to actually understanding where we are in particular market cycles. This is the tip. CalToro, friend of the show, taught me a while back and I've been using it ever since.  So that's number one. Number two for me is understanding the market cycle. So I'm gonna go ahead and quickly pull up what I mean by the market cycle. When we're looking at this, I'm gonna go ahead and show you all my screen here. Danila, if you want to mind just pulling this up is understanding what the market cycle is. I'm gonna go ahead and try to zoom in here. Market cycle is understanding where we are. These are all psychological things that happen during a typical market cycle. It's disbelief, it's hope, it's euphoria. It's understanding when we're going parabolic that it's not maintainable. Jordan's gonna talk about that a little bit later, but understanding where you are in the market cycle so that you understand how to not emotionally make decisions but rationally be able to approach your trades. And so this is something that I constantly am always referring to. Is this market cycle graph of psychology? I know Jordan is a big believer in the psychological elements of trades. So this is number two is not making the mistake of saying, oh my gosh, we're here on the charts and it could actually go higher. When we're in that euphoric state, it's gonna go down. It's just a matter of time. The last point Danila, you can go ahead and take that down is understanding how not to get involved with D5 rug pulls. I've gotten my master's degree from the School of Hard Knocks and D5 rug pulls is the name of the game. So things that I like to look out for D5 rug pulls, typically our Twitter accounts with very high follower counts but very low engagement rate. So I'm going to look in comments sections, retweets, engagements across all of their content. Typically projects that are artificially inflated will have low engagement rates but very high follower counts. So that's a red flag for me. Projects that don't have roadmaps on their website. False advertising of sponsors and investors. Anonymous teams is not always a deal breaker for me but that's definitely something that can add into D5 rug pulls. No liquidity locked. Limits to sell orders when it comes to different D5 protocols and not having an audit are big deal breakers when it comes to assessing and understanding how not to get involved in certain trades, especially D5 rug pulls. So those are my three words of wisdom for the crowd today. Hopefully it did not fall upon deaf ears. So, Benton, I've got a question for you. I've seen you saying a lot of shows that some people get two times or three times wins gains and they still refuse to sell by thinking, well, now Dodgecoin is going to $3 now that he's reached 70 cents so I'm not gonna sell. My mind that's really impossible for someone to think but yeah, you know those guys better than me but considering that this happens shouldn't that trader increase his position if he really believes that the Dodgecoin is going up instead of selling. So what's the right answer here? If the coin has gone up like 50% and you still believe on that should it be selling or buying? I mean, it all depends on your approach and to me what it comes down to is risk management. And so if I'm able to recover my principal investment from an investment, a shorter term investment maybe something that I'm not long-term hodling then yes, I'm gonna go ahead and try to get my principal back as quickly as possible. And the way that I view that is that I'm kind of mitigating a lot of risk when it comes to particular trades and then I'm able to then ride the next wave up if it is able to go 2x higher, 50% higher whatever you way wanna look at it I will have my moon bag associated with the rest of that trade. So I get my principal out maybe a little bit of profit on top and then I'll let a moon bag ride either up or down because I don't really care. I got what I needed out of it. Yeah, to your point Marcel and this is why like Sam mentioned like trading is hard and not many people are good traders because the actual psychology of trading is almost the opposite of how most people believe.  Woo, like it's really hard.  It is, it's so hard to go against the crowd and go ahead, Sam. Yeah, and no amount of trading programs out there are gonna prepare you for that, right? Don't go spending $2,000 on a trading program when they don't teach you these vital lessons but Benton, I like what you said about the DeFi rug pulls and what to look for. I think basically this pretty much eliminates most DeFi projects, right? When you take a look at the list of what to look for. Just hang, right? You're considering some of those qualifications. I mean, obviously it's like, you gotta be able to do the research and understand what that particular protocol is trying to accomplish. But yeah, to Sam's point, a lot of risk associated with DeFi. A couple more red flags there. I found like, if a project is charged, is this a fee?  I've never seen a project last that does that.  There's no guarantees in crypto.  Like don't fall for it. There's no guarantees in crypto. Exactly right. Nothing is ever guaranteed only the moon. Marcel, go ahead. Benton, you guys speak a lot about market cycles and time in the market. But for example, back on November when there was the Bitcoin ETF approval and inflation soaring to 30 year high, I called my brothers and said, well, Bitcoin is going to $200,000. Buy Bitcoin like there's no tomorrow. The market was like $55,000 or $6,000. And yet, next month, crypto markets tank it. We all know what happened. So my question is, at what point should the great trader give up on such a trader? Is it at 20% loss? Is it realizing that he got rug pull? What is the point that he should exit all markets and sell, okay, I got it wrong. That's not the cycle I was expecting. I'm gonna let Jordan jump in here because I think he's probably had a longer experience in regards to being around for four year cycle, Sam as well in regards to like helping answer that question. I know for me, sometimes I've had to cut losses. That's part of I think the short-term trades or sometimes especially when it comes to DeFi but sometimes when you're playing a lot of those high risk bets or trades, all it takes is one and you can kind of make some of that up but Jordan and Sam, feel free to jump in here. You're learning to admit that you're wrong. It's one of the hardest things for any human to learn and that's a really important lesson for a trader to learn quick. Like man, I was wrong, ow, it's just hard. Like what you're gonna ask, like what's the perfect, how do I know? I'm like, there's no perfect answer. There's a reason it takes four to 10 years for a person to get even good at trading in a market because we gotta go through the ropes and like lose money and earn money and lose it again before we're like, man, I gotta get better at this. Yeah. I was really bullish on synthetics a long time ago and I held that baby for a long time. And recently I'm like, you know what, man? This shade in it, this ain't it. So I had to cut my losses. Like the only position in crypto, the only long-term model I've had that wasn't successful, but you know what happens, right?  You don't dwell on it and you move on. Yeah, exactly right. The chat is just in Fuego right now. We got people from all over the globe. I saw people tuning in from Philippines. Wrong again is here, welcome back. Balapur, we just love to have you here. We really appreciate you trying it in today and watching because you've been here the whole time. So I gotta say, at least you're watching, love to have you, love to see it. We want you to subscribe to Cointelegraph YouTube because we're here on Tuesdays at 12 p.m. Don't forget, drop your Twitter handles in there because at the end of the show, we're gonna be doing a poll and we're gonna be giving away one month free of Markets Pro, but next thing's next, we got Jordan's segment. He's gonna drop some knowledge on our domes about what not to do. Keep your comments coming. I'm seeing all of them in here. If you have questions, make sure to drop them in. If you want particular topics, drop them in chat. We're gonna look at them. We're gonna answer your questions. Danilo, let's have Jordan go ahead and take this away next. All right, so if you watch the show, you hear me talk about a lot, talking about taking profits, but the biggest mistake I've ever made in years of crypto trading is not taking profits, especially following exponential moves to the upside or marker-wide rallies and blow-off tops. Benton showed that market cycle top, when it starts going exponential, man, take your profits. And I know this goes against the hollow nature. And this is like the hollow nature of crypto in the early days is probably one of the biggest disservices to some of the people because people just watch their, especially the first three cycles, people watch their portfolios, just skyrocket in value, only to lose 90% within a few months. And then they're sitting there like, man, I gotta go back to working at McDonald's. That's a funny meme, like the McDonald's meme because people are like, yeah, Rich, yeah, I gotta go work at McDonald's. So yeah, the hollow crypto culture, the culture of the crypto community pre-2019 made it a badge of honor to hold through up and down markets, but you lost your wealth. Unfortunately, many of most crypto tokens flame out within one market cycle.  I remember I had it and it went up to like 20 bucks and somebody was like, take profit, told me and I'm like, nah, this is the future. What, like, oh, I just get to write that one off. So if you don't take profits, you may miss your chance completely or have to wait multiple years for another opportunity. Nothing keeps going up indefinitely, just like that chart that Benton showed. So when it's like, yeah, greed buy, greed buy, that's a greed sell, greed sell it, all right? So if you want to like get ahead of the game before you even buy a token, pick your first sell off point. Like I'm going to sell 10% here so I get my initial investment back and then I'm playing with house money that can kind of help release the psychological tension that might build up, but it's a challenging game. It's going to take you a few cycles to get it going. Also there's a major trend every time think meme cultures, meme cycles. Somebody put $8,000 into SHIB in like early, late 2019 or 2020 and it turned into like trillions of dollars. I don't remember that 20, billions of dollars, I know I exaggerate, but it shows you that each cycle there's a new one that comes up but these new trends that pop up flame out just as quick. So it's really important if you're on these new trends, like take your profits, if a meme coin's going up, if an NFT, if somebody offers you like $3 million for an NFT you bought, it's like $100 a few years ago, like sell it. I promise you you'll find another deal and like so many of those tokens have just lost all their value. So each new cycle brings a new trend in the market, new trends for fast moving, but they tend to flame out just as quickly. And these instances I like to rotate into stable coins or other solid picks like a Bitcoin or Ethereum. Those are more like my conservative long-term picks. I don't even consider those like fun crypto trading. Those are like the new benchmarks or the new safe havens as far as crypto currencies are going. So if I do take profits out a lot of times, I'll switch into them or stable coins. Again, I'm also paying attention to the whole inflation thing and how fiat currencies are doing and mining that and keeping an eye on USDT. I'm like, man, that's just a ticking time bomb. So there's all these things to take into consideration but take your profits, if you really like a coin, buy it back when it goes lower after you take your profits, all right? So Jordan, let's clear something out. You're saying that holding, at least holding for long-term is not the best strategy. Yet every single Bitcoin buyer that has held for four years or longer are always on profit for the past 12 years. So are we talking about exclusive outcoins or are you telling us about a one or two year timeframe? I'm looking at the time frames and even just kind of keeping that market cycle picture in mind. I have nothing wrong with holding Bitcoin long-term but I remember when I first looked at Bitcoin, it was a thousand bucks. If you bought a Bitcoin at a thousand bucks, watch it go to $20,000 and you're just like, huh. And then watch it go back to $3,000. You don't really care about getting more Bitcoin, in my opinion, because you would have sold some of it and bought it back because, again, nothing goes up indefinitely. I've never seen a chart aside from the human population currently that just keeps going up. And I think that that's it having its own little issues right now too.  Pullback, like, dogecoin. I bought dogecoin at .002, .003 on Robinhood. It started going up last year. I'm like, holy crap, I sold quite a bit of it at 30 cents and then it went up to 70 cents and I sold it again there too. What am I, at that point, it was like, dang it, Jordan, you could have done better. So it's always a psychological game on both sides. Like, you sell it at one point, it goes higher, you feel bad, you don't sell it, it goes lower, you feel bad. It's like, oh, that's why you pick a profit. You're assuming that we are good traders. I would have bought Bitcoin at $1,000, saw it went to $20,000, panic sold at $5,000, and then we bought it at 20 or $40,000 again. I would have lost money both ways. Welcome to the perfect explanation of why we're not all rich traders because that's the psychology of the game. It's so hard. You can't, like, and this goes into even the analysis of promises, like, dollar cost to averaging, try and get it in a market when you're in a bear market. So it's most likely just gonna go up long-term, right? When it goes, when you got like a 10X, if it's, once it gets 10X, especially, I'm begging you people, take some profits. If it hits 100X, like, sell it, all of it. I promise you, you can buy it back later. It's just, it's a hard game to play, man. Yeah, when you're in a hodl culture, it's important to tell yourself comforting lies, you know, that most of the money's made in bear markets, right? The break even rate for miners is $6,000, you know? You learn these comforting lies, but, you know, taking profit is always important.  That whole project, you know, for those of you who think that anything's a slam dunk, EOS raised like $4 billion in an ICO, $4 billion, and the project has really done nothing since then. So just perfect example of hype and not a lot of substance. Yeah, and that's the nature of the crypto market. Most of these tokens ain't gonna be around long term. Go ahead, Benton. So like Jordan, like I just had a curiosity. I know next week we're gonna be diving into, you know, some of our portfolio allocations, but how do you like to view when you're looking at like what you're holding? Do you have like a portion of it's like, hey, this is long-term hold no matter what? And then this is kind of like my short-term, you know, trades, like how do you like to view that? Yeah, even now my whole strategy is still evolving. I've definitely kind of consolidated into some coins where I'm like, these are solid projects, like Sam mentioned earlier, I've done research on them. I think they got long-term value. And even then I'm like, yes, they could still go away. But I have a bigger holding in that. And a lot of them, my biggest holdings in my portfolio, I probably put an original less than $2,000 in and I've just held them for years. So holding is, but I bought Theta at five cents. Man, at this point I'm like, man, I wish I would have sold at 14 because then I could have like seven times more Theta right now, right? But that's just the nature of the game. I'm still learning it's evolving thing, but pick, like do your research, pick the things that you think are good long-term and then kind of stick to your plan. As the whole market evolves, I adjust my strategy. I like this coin hasn't done anything for two years. I'm gonna sell that. What do you mean I've been holding synthetics for this long and it has been underperforming? Time to rotate, right Sam? So it's always an evolving process. Oh, I got the hell out of there, trust me. Yeah, we've all had our wicking our wounds moments and crypto wouldn't be crypto without it. And so for those today watching, just wanna reiterate this, these are our personal views and opinions. These are not conducive of coin telegraphs, thoughts or feelings. So these are each of our individual thoughts and opinions. Folks, it's almost that time to get into Markets Pro and do our giveaway today. Drop your Twitter handle in the chat. People are just chiming in today, love to see it, love the action in the chat today. Looks like Cells With Dips has some thoughts, some feedback for us. You've been there, I've seen it, you know? So like, hey, we've all been there.  We got two tokens you should have watched. You wanna know what you should be doing? You gotta get into Markets Pro. That's why we're gonna tell you about the two biggest movers with the newsquakes and vortex scores. So Danila, let's go ahead and jump into the Markets Pro report for this week. All right, fam, did you have your eyes on Zillica? Ooh, maybe you should have because our newsquake service caught this one. This was a double header newsquake. And if you're not familiar with the newsquake, what is it? Well, they're automated alerts that instantly notify the users what happens when market moving events take place. So this week, we saw these two newsquakes, the back to backs. Well, what happened? Well, the first announcement with the partnership Crypto Slate Zillica was followed by the launch of a Zill TRY, which is the Turkish lira pair on Binance. When you see those listings happen on Binance, you typically see some price action afterwards. Well, what happened was this moved from 12 cents to 13 cents in over just over 24 hours. That's almost a 10% gain. That's huge when it comes to these type of markets that we're in volatile times, means you gotta have markets pro to be able to spot these types of trades. So moving on to our next token that you should have been watching this week is trading under the ticker PRQ, that's Parsiq. And this one was notified through our Vortex score this week. And the Vortex score is a comparison between its current market conditions and social conditions of those in the past. A Vortex score around 80, typically is considered confidently bullish. Well, conversely, if it's at 30 or below, it is bearish. Well, what do we see here on the chart? We see that this thing jumped up to 78 Vortex score. That's a screamer. And what happened? Well, 78 led from 26 cent gain all the way up to 37 cents and less than a day. That's the magic of markets pro. That's that Vortex score coming into play and you saw what happens when that thing spikes up at 80. You typically get some price action afterwards. So that's why you wanna have markets pro folks. If you're watching today, you haven't tried it out. That's why you wanna drop your handle in the chat because we're gonna be giving away one month subscription so that you can try it out full blown and get the full experience of markets pro today. And we got a hot topic today, guys. We're gonna open up the poll, I think, to see who had some of the best advice today of what not to do and we got hot pockets. So first, if you haven't gone to store.cointelegraph, I saw somebody in the chat earlier talk about his swag. We all got the swag. Jordan's rocking the Bitcoin shirt today. Go to store.cointelegraph if you want some of the hottest swag on the market. We got shirts, we got Bitcoin, we got Ethereum. You name it, hoodie, socks, shirts, hats. We got it all. It's all there. Sometimes we'll be rocking some of that swag on show. I think Jordan, is that a Cointelegraph shirt? No, this is a different one, but I'd worn all my Cointelegraph ones and they're all dirty. The guy he likes to do laundry, we gotta respect that. You gotta rotate the shirts in and out. All right, the poll is live. So the question I have while we're waiting on the poll to close here, what are some of the things that people should look out for when investing in a token that maybe we didn't discuss today and some of our do's and don'ts? Who wants to take this question first? I can start. No, Jordan, you go first, please. Don't FOMO. Don't FOMO. If it's going up, if it's going up a lot, like just chill out, folks. Dang, man. I've lost quite a bit of money, FOMO, and I'm like, oh, it's nothing. Like he put some money in and then he just loses like 90% of his value, like, oh, that's a special kind of hurt. As Sam said earlier, there's nothing more crypto can do to me, right? That's good. That's it. Exactly right. Marcel. I think Ben's actually researching the project, guys. Research the projects, research, you're getting yourself into, please, grounded in an actual thesis, know what you're getting into. That lines up with what Jordan said of not FOMOing. I mean, it's all part of the same package. I'll go against the grain here, Benton. I'll say, don't listen to any influencer, to any analyst, even if it's Plan B, even if it's Michael Saylor or whatever, just do your own stuff. If you truly believe in a coin, if you truly believe in a project, if you truly believe in whatever it is, invest in it. As Sam said, do your research, but once you believe it, just stop hearing other people's opinion. Don't care. They're not gonna handle the risk for you. If you lose money, you're on your own, so you gotta make your own decisions. Yeah, that's so true. Yeah, speaking of that, Marcel, just at a greater level, we're kinda trained in society to trust the experts, whether it's a doctor or a professional investment advice. I'll attest to, I would have made significantly more money if I had just listened to myself and stopped getting other people's opinions over the last three or four years. Just tracking myself, I completely agree, man. Very good points. I'm gonna try them in here though, things to look for. We didn't mention the utility behind the token today. And the narrative, I know, Marcel, what's that? Well, yeah, the actual utility of the token. Oh, yeah, that's important, too. Hey, you got folks watching today that may or may not have gotten into Dogecoin or Shiba or this or that. It's like, I think understanding what is the real purpose behind some of the utility of these things instead of just buying a brand or kind of like aimlessly throwing money into a token, like really drill down and read the white paper, read the get book, go in and actually understand how a lot of the mechanisms work and what that token is being used for inside of the ecosystem. That would be the one biggie for me. But yeah, those are good thoughts, though. It looks like we had our poll. And Adrienne, is that closed yet? We got Adrienne, we closed? No, okay, it's not closed yet, but Sam's in a just massive runaway here, 67% of the votes today. People just, they love the insight, Sam. They loved it today. That's great to see. Any other closing thoughts today? We have some things to say, though. Hey, all right, Sam, I'll let you take it away with our closing thoughts today. We got to give away our Markets Pro subscription. Sam, though, any closing thoughts? I mean, look, this is, I'm just emotionally drained from this market having been it for the past five or six years. It's one of those markets where the more you invest, the more risk you take, the more it's gonna weigh on you. So in addition to what we said that the mistakes to avoid, you should also keep in mind position sizing, right? Don't put all of your net worth into crypto because you're not gonna be able to stomach massive volatility. Invest a decent portion that you can feel comfortable not having to look at the price every single day. That's one thing we didn't talk about, but it's really important. Yeah, after being in the market, after being in the market for like several cycles now, I can appreciate the bear markets. And I understand why people appreciate the bear markets it's a standpoint like, this is about 20 years meditating psychology background. So I can deal with the stress, but it's like, it's hard. And most people can't really function in such a volatile emotion driven market that is cryptocurrency, especially if you're spending any time on crypto Twitter. So like unplugged sometimes, crypto ain't the only part of life.    Real quick, I wanna try it in. No one has dropped their Twitter handle in chat. So first person do it today is gonna win. Just saying, Marcel, any closing thoughts? Well, I'm gonna leave a message here. I've been trading crypto for five years and over these five years, I had at least one long or short leverage open position. And over the past week, I decided, hmm, things are looking so sketch on traditional markets that I'm gonna stay out of leverage for a month or two. So life has been better.  So getting a time off is good. Exactly right. And I wanna remind folks who've won previously for Markets Pro, make sure you send us a DM. I think was talking to one of our social media managers and they were saying that your messages were not open. So we couldn't send you the Markets Pro subscription. But looks like, yeah, I don't know if we have a winner today for Markets Pro, guys. I don't see any Twitter handles in chat. So I guess we will go ahead and skip that for today. But yeah, thank you all for tuning in. This has been real. Don't do the stuff that we told you today. That is non-financial advice. This is just general advice. This is life advice, guys. We appreciate everyone for tuning in today for the Market Report. And we have an exciting show lined up next week about we're gonna be talking about our portfolios and what is allocated where. So it should be a good show for you. Thank you all for tuning in. Until next time, this has been the Market Report. Over and out.


Hey guys, what is up? Welcome to my channel.  This is the Pat McGrath Mothership Mega Celestial Divinity Palette. Certainly is a mouthful. So if you want to see my demo of this look and then also talking about this palette in general, hopefully today is going to be a quick one. I don't know. Anyways, let's get into it. Hi guys, if you are new here, my name is Morgan. I consider myself to be a product knowledge enthusiast. I just love knowing anything and everything that's currently out on the makeup market and sharing my thoughts with you guys. And today's newest item that we have is from Mama Pat. Now, if you are new to my channel, I own virtually every single eyeshadow palette that she's come out with. So I do consider to myself to be very well versed in her formula, which is why in this video I only just do one look. I felt the shadows. I know what I have to say. Shipping took a really long time with this one. I know I'm not the only one. So many of you guys have messaged me, letting me know that you also experienced very, very slow shipping. Normally, I am very blessed with my releases and shipping from Pat because I do live relatively close to her distribution factory. But for whatever reason, this guy almost took a full two weeks to get to me. First world problems, though, of course. So let's go over this palette, my thoughts. I do have the original two Star Wars palettes that these colors are in as well. So we'll get into that in a second. So if you don't know, this palette is currently available both on the Pat McGrath and Sephora website. So I will link those down below for you guys. This is a part of her holiday collection, but this launched two weeks ago as the singular item from the holiday collection. I was pretty bummed when I went to order this because I thought I was ordering the whole collection. I mean, I wasn't actually going to order the whole collection, but I thought the whole collection would be available. But this was the only item released, which I was like, okay, we'll break my money up. I guess that's fine. But actually this Friday, which should be tomorrow, the whole collection for holiday is releasing on the Pat McGrath website. So I'm going to put the link down below for you to join the waitlist. You can get that 9 a.m. early bird email. And of course, if you shop through that link, it will be affiliated. So I do receive a small commission from that. So don't be obligated to do so. But also like, I'm going to buy a lot of items from the collection. So help a girl out. Okay. This baby is $78. And what makes this palette very unique for this brand is that it is the first of its kind as far as shape, number of colors, all of that. So this is just a regular cardboard palette, but she's never had a cardboard palette quite like this before. So this is probably like the more cheap of the packaging feeling. But of course, I think the packaging is gorgeous. I love the pink gold details. I think it's stunning Pat McGrath. And this is an 18 pan shade palette, which I thought was going to be like $200. If I'm being honest, if we're running the same prices that Pat McGrath normally runs, I thought this was going to be an arm and a leg. And I'm very happy to see that it is $78, which, you know, I know that's still very expensive to spend on an eyeshadow palette. But just given what she has previously released compared to her normal prices, this is actually a great value. And I was very surprised. I like that the packaging feels a little bit more cheap so that you are paying for the shadows and not necessarily the packaging. Where with her regular motherships, the 10 pound palette, where the packaging weighs like 10 pounds and it's just a fully luxe palette. That's $125. You're paying for the packaging for this. You're paying for the product, which I really enjoy. And I don't mind a nice slim palette like this. And what is also really great about this packaging is it really allows you to bring a large array of Pat McGrath shadows with you for travel because even with the six panners, these are still a little bit clunky. I like how you can get 18 shades of Pat McGrath in a nice slender lightweight packaging. So I'm very happy that she added this type of component to her line. Also something slightly different than what she's done before. She also has the names on a sticker pasted on the back, which I personally prefer. I'm not big on shadow names really. I never say them, but worth noting when you open up the palette, you get a very nice large mirror. This makes it even better to travel with this palette because you have a great size mirror and it has these little ribbons to hold the palette up. I'm personally not too big of a fan of that. I feel like it cheapens the feel of the palette and I find the ribbons to be annoying, but of course that's just a personal thing and me getting very picky. As far as the details of this palette goes, it has a 12 month shelf life and it is made in USA of US and imported ingredients. The last palette said that as well and I was under the impression that all of her palettes are made in the USA and Italy, but I actually did look back at my Star Wars palettes and these ones also are made in USA of US and imported ingredients. So this isn't as new of a thing for her brand as I thought it was. I was gonna be kind of mad if this was fully just made in the USA and this one was USA and imported ingredients because I feel like that would mean that the quality of this might be compromised. Same deal here. So as you saw, you are getting 18 shades. Again, a concept Pat McGrath has never done before. So this has a mixture of glitter, shimmer, matte and iridescent shadows. Just something to keep in mind. You are only getting three matte shadows, like true flat matte shadows. The rest I would say is definitely it even makes up regular shimmers. Some shimmers containing a little bit more glitteriness, some more iridescent and duo chrome. What you are not getting though is a Blitz Astral formula, which is her really glittery special shade. I think those really shoot up the prices of her palettes, which is why she sticks to those and only her mother ship full size palettes. Of course, it always is disappointing to me whenever a palette doesn't have those because that's my favorite formula in the world, but you still get really nice glittery multi-dimensional shadows in this palette as well. The lack of mattes might be a turnoff to the consumer because obviously as consumers we're trained that you need to have mattes with shimmers. But with Pat McGrath's formula, you really don't need to use shimmers. Now she's not an everyday wearable brand. She doesn't always use mattes. And if you want a really full glam glittery look, you don't necessarily need to use all mattes. But I just think from a consumer standpoint, I would have liked to have seen more mattes in this palette. I don't know if anybody else has mentioned this, but I haven't watched any reviews yet. A palette that would pair beautifully with the Pat McGrath palette and contains mattes that are very complimentary is actually the ABH Jackie Aina palette. So this has a very similar color story as far as tones goes. We have some purples, some red tones, some green tones. And this Jackie Aina palette has the perfect mattes to really compliment the shimmers in the Pat McGrath shade. So if you are feeling a little bit wary about the amount of shimmers in the Pat McGrath palette, if you have the Jackie Aina palette, pull that out. These two are a power duo for sure. If you are not aware, I'm sorry, this palette has a lot of details that I want to mention. These are 18 shades, but 12 have already been done before. So last year, during the holidays or around that time, Pat McGrath had a Star Wars collection. It was an extremely limited edition collection that very few people honestly got a hold of. And I will say a lot of my subscribers, a lot of you guys in my community got a hold of it because we are literally crazy Pat McGrath addicts. But the average person who has a life and doesn't chase Pat McGrath releases didn't get a hold of this. It was sold out in minutes. So how I was able to justify purchasing the palette is there was only one set of these between my mom and I who are both luxury makeup collectors. Now these guys are gonna stay in my mother's collection. These are now hers. They'll have that home. And so I will just keep this 18-pan palette. So I have all of the shades. I would say though, the majority of people were not able to get their hands on the Star Wars collection. So if you were not, this is the perfect opportunity to get both of those palettes and then some. So this one right here, these first six shades are going to be the Dark Galaxy palette. And then the last six shades in the palette over here are the Galactic Gold palette, both from the Star Wars collection. So the middle six shades are the new shades to the Pat McGrath line. So if you have these, honestly, I wouldn't recommend picking up this palette because you're paying $80 for only six new shades. But the Pat McGrath stand in me is not gonna judge you if you get it. If you want to go ahead and get it, but financially I would say probably don't. But of course, if you missed out and you were sad about missing out on these, highly recommend picking this guy up, especially because I really loved these Star Wars palettes a lot. I didn't talk about them too much on my channel because nobody owned them and nobody can get ahold of them. But in particular, the Dark Galaxy palette is one of my favorite all-time Pat McGrath palettes. I need to do an updated rankings, but I absolutely love the purple tones in this palette and it's ended up being one of my absolute favorites. So the fact that it is in here, the first six shades alone, I am in love with. So let's take a look at the middle six shades right here. So you have two mattes in the new middle six shades and then you have a cool duochrome, a green shade, a nice fuchsia shade and then a light kind of golden shade, a little bit more champagne-y. But every single shadow in here swatched beautifully and the full Pat McGrath formula that we all know and love. I will say from Saucing, I do not believe that there is a dud in this palette. Like I said, I haven't applied all 18 shades to my eyes in this specific palette. I've applied it six to my eyes. Every single one seemed to be the usual Pat McGrath quality that I love so much and the remaining 12 also felt super silky, creamy, delicious. Loved it. As far as I can tell, there's not a dud in here. For those curious who do have the Star Wars palette or just wanted to know in general, I did look at the ingredients between the new palette and the old ones and the ingredients did seem to line up. I didn't go super heavy deep diving, but the ingredients looked to be the same and I swatched everything side by side. Everything felt virtually the same. Now remember, these are 12 months older just about than these colors, but everything felt the same. The colors were exact. So I do think that the formula and everything is the same in this palette for the Star Wars. So I don't think you're getting nicked with quality there. As far as the color story goes, I really love this color story, but this is not for the neutral makeup wearers, not for the people who like browns. This is for very glam girls, especially for nights out. I would say, of course, if you love wearing colors like these, I am not gonna stop you. But yeah, you definitely get some deeper tones in here and nothing really runs very neutral. I'm sure you can pull a neutral look together with using a couple of shades. But for the most part, this isn't for the everyday girl. Absolutely not. This is an artistry palette. This is a Pat McGrath palette where it's not about everyday wearable makeup. And I love that. I love that this palette really just goes out there with the colors without going like fully rainbow neon. They're still toned down, but obviously not very natural. Like I said, if the colors make you nervous, mix it with the Jackie Aina and it's gonna be amazing. With that being said, I'm gonna get into the tutorial portion of this review and I'm just going to do the new six shades all over my eyes. If you do want a closer look at the other 12 shades, I will put my original review of the two Star Wars palettes so you can actually get a look with each section of the new palette because I created one look for each of these palettes and then of course for the middle six here. And when you create looks with this palette, you don't need to stick to the three different palettes. These are now a unit. You can mix and match however you would like. You do technically have three tutorials. So make sure you check that video out. So let's get into this look, which I'm obsessed with by the way. So my eyelid is already primed with some concealer today as I usually do with my Pat McGrath palettes. For the tutorial, we are only sticking into the middle six shades since I have no experience with these shades and I'm gonna start off with this shade right here. I'm using a Wingos number four to apply this gorgeous dusty rose shade and this is going on the inner part of my crease and then I'm also gonna dust off a little bit on the inner part of my lower lash line as well. With a refer number 14 brush, I'm taking the matte shade up here. This shade has crazy pigmentation so be very careful with it at first. So you'll see I laid it down and then I'm building the depth up and I'm gonna go back into this shade after I apply the shimmer. So be prepared to continue building this shade throughout the look. Make sure you blend that out. Next, we're going in with this gorgeous green, blue, gold, duochrome shade. It's a weird shade. It has so many colors. It also has some purple in there but I'm applying this to the outer half of my eyelid right over that matte shade and next we're going into the green shade playing with all six of these colors. You guys, I'm so proud of myself. With her shimmers, always, always, always use a finger because that's how you get the graph look. While I'm at it, I told you we were going back into that deep matte shade. So we're gonna blend this into the shimmer now and we're using this to really glamify and deepen that look. Gonna take this shade and use it as my inner corner color. Next, I'm taking this fuchsia shade and I'm applying it along my lower lash line and then I'm going to go in with the matte in the outer corner. So this shade is so gorgeous and a lot of times when you feel this shadow I think it can be a little bit worrisome as to whether or not it's gonna show up when you apply it with such a small brush because sometimes colors just don't pick up pigmentation on a small brush like this but of course Pat did it so it works beautifully and then I'm taking a bit more of the deepening matte shade and just deepening out here and that's the look with all six of the new shades. So I'm gonna finish liner and lashes and of course you'll see everything all pulled together. So I hope you guys enjoyed this tutorial. I really, really love the look overall. If you can't tell, I really do love this palette. I feel like the quality is definitely a 10 out of 10. The mattes are super pigmented. They're very, very blendable. All of the shimmers again on par. My one tip though is I don't really like the way her shimmers apply with a brush but when you apply them to the eye they're just so beautiful that it makes it okay and you are getting so much to mention this palette is very, very unique and I feel really inspired by this palette and it's perfect for this time of year and the holidays as well. This one will probably be in my winter recommendations for you guys as far as winter palettes go because this is stunning. So definitely gets my stamp of approval if you aren't interested in it. It's very, very nice. That is that. So I hope you guys enjoyed this video. I hope you found it helpful. If you aren't subscribed to my channel already I would absolutely love it if you would consider taking the time to do so and I will see you guys in the next one. Bye, have a good one.


This is JSATV, the newsroom for tech and data center professionals. I'm Dean Perine, EVP at JSA and joining me today is Mr. Scotty Benda. Scotty is the new Chief Product Officer at Light River. Scotty, welcome to JSATV. Thank you, Dean. I really appreciate it. I am so excited to be joining the Light River team. They've been my best business partner for over a decade, as well as a number of my customers. So thanks for having me. You bet. And you know what? Congratulations on the job and the title and all of that good stuff. So why don't you tell us a little bit more about the new role and what the expectations of you might be on the leadership team? Yeah, absolutely. So, one, I'm really glad to be joining an excellent leadership team. And the good thing about the Chief Product Officer is that really it aligns with my strengths. I come from a long line of telecommunications equipment vendors. So I worked at Nortel for 10 years, Lucent for three, startup company in Silicon Valley called One Eye Systems for three, and then CNF for the last 22. And based on that experience, I feel I can add some expertise to the leadership team, one in ways of leveraging my system engineering to deliver a solution design best practices, as well as pre to post sales workflow. That's one of the big challenges when you're designing some complex networks and handing it off to team to operationalize those networks is that pre to post. I've got a lot of experience with that. Another is I was a general manager of the service division on a worldwide basis, and I can certainly be able to help identify opportunities and launch new services that will continue to help grow our services business. I love working with technology partners because nobody has the best solution all the way around. So it's always good to have those partnerships. And I've got a lot of peers with my time in the industry. I've been contacted by about 15 so far wondering how they can work with us at Light River. So it's exciting. And then lastly, one of my things that I really enjoy to do is help with mergers and acquisitions. I've done a lot of due diligence in the past and my R&D experience allows me to evaluate those companies and their technology quickly. I love it. So let's talk a little bit. I mean, your experience is considerable but what ultimately kind of led you to Light River? What was it about Light River that made you go, you know what, that's the place for me. Great, great question. So as I mentioned before, they have been one of my best partners for a long, long time. And when you look at the evolution of the network, things are moving towards an open disaggregated network. And one of the things about having an open network that's standards-based and disaggregation, which is saying that I'm allowing people to now build the best network possible leveraging the best of read components within that network. And you really need two key things to make that a successful environment. One is having a partner that can take care of the procurement. One, but then also take care of the integration of all those different components within a best of read solution. And then lastly, providing a network management capability that allows you to work in a multi-vendor environment and make it as simple as possible to manage. And Light River hits all those buckets. So now that you have successfully onboarded onto the Light River executive team, maybe talk to us a little bit about what you foresee in kind of the short-term and mid-term future there at Light River. So yeah, so short, near-term and longer-term. So in the near-term, I'm still absorbing and really understanding what our capabilities are. And from running the services organization, I've really been evaluating our skills. And then also the same thing from a pre-sale system engineering team. And I've been really, really pleased with everybody that I've met so far that goes back to a program that they have called the Young Guns Program where they're constantly recruiting from a number of universities, both on the West Coast and on the East Coast. And they start the program out with an associate technician position and they move all the way through a technician to a field engineer, to a pre-sale system engineer or to a project manager, project, sorry, or a project engineer or a project manager. And they really have a good understanding of everybody's, you know, every vendor's equipment and the solutions and where they fit and how they build them from the ground up, how they deploy them, how they configure them and how they support them and how they plug into the network management system. So just a great, great team, everything that I've discovered so far, the thing that I'm evaluating now is what can we do more of? Or what are some new vectors that we could move the company towards in terms of service offerings, in terms of new capabilities with their network management platform, possibly new partnerships with some more best of breeds. So I think, you know, the sky's the limit for Light River and I'm really excited to be a part of it. Awesome, awesome. Well, I feel like there's probably another one of these discussions in our future as you get more acclimated to Light River and they get more acclimated to you. So thanks very much for being with us today. Is there anything else you'd like to add while I've got you? Sure, you know, partnership is key in making sure that, you know, there's always a win-win situation for partners. And that is something that I've always experienced with Light River. A lot of people, especially vendors, tend to be fearful when working with partners. They feel like, oh, I have everything to lose and nothing to gain. But the reality is this partnership, we do a very deep relationship building with our vendor partners and we really understand what the applications are and we understand where we can create that win-win environment for both teams. And absolutely mitigate anything that you have to lose. So, you know, I'm really excited to be here. I'm excited because I'm meeting, you know, some long-term customers this evening and going with the Light River team and, you know, could be happy. Outstanding, Scotty. Congratulations again. Thanks for being with us on JSA TV. Today we appreciate it and thank you viewers for watching JSA TV. We'll see you soon.


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Tom here from Lawrence Systems, and we're gonna dive into zero-tier versus tailscale and versus is not exactly a Head-to-head competition where we're gonna decide a winner each of these tools solve a problem in a similar way But have a transport layer that makes them different and some nuances the way they function that of course make it a Different product all together for which one we're talking about now the reason I chose these two products And I'll also give an honorable mention to the Nebula tool, which I have reviewed before and I have reviewed zero-tier And I have several videos I'll be linking to below with zero-tier But then tailscale comes up a lot because it is commercially supported just like zero-tier is both of these being popular Commercial and Cryptographically sound as we know of today They've gone through levels of code review with the underlying technologies that they use are good commercial solutions that are Trustworthy now that is not to say there's not other solutions out there It is not to call them untrustworthy But one of the challenges vetting any of these particular products of what or not they've gone through some type of review process Or have commercial support before you decide to deploy them Other reasons I'm covering these two people ask about them There's real obvious answer But the other side of it is they do have free tiers and public-facing pricing So it's really easy to demo these different products without me engaging with either one of the companies which I have not I have used the product. I've used tailscale on a limited basis just for the demos of this video I've used zero-tier both as a solution that we've deployed for clients and recommended for clients And of course I've been messing with it for oh, I don't know maybe over a year since I did the first video on it It's actually been a popular solution But I wanted to cover these and cover some of the nuances cover some of the differences and talk about SD WAN products in general And I once again will leave a link to the video I did on nebula because the one thing we can get out of the way up front is there's not an easy way to Host zero tier as a completely self-consane self-hosted system and the same goes through tailscale If you are looking for something like that, but that comes at the expense of not having an easy web interface I will recommend nebula if you're looking for not those two but one other solution But this video that's as much as we're going to cover on nebula I have a completely separate video on that and it to me is more of a dev ops tool because well the challenge in Learning curve of nebula is a little bit harder But it is being very actively developed and to give you a little bit of background if you haven't watched that video yet They came out of the tool that slack uses to literally manage your servers globally So it's also a well vetted system. All right now back on to the topic of those two Those are what we're going to be covering today But first if you like to learn more about me and my company head over to Lawrence systems comm like to hire short project There's a hires button right at the top if you want to hire for network services That's where you would do that by the way if you want to support this channel in other ways There's affiliate links down below to get your deals and discounts on products and services We talk about on this channel now. Let's dive into the topic. All right, let's start with a few bits of a rata to get out of the way and The first thing I want to talk about is the what abouts I know everyone has their favorite service or different tools that they've used and I will actually leave you that a link to this reddit post Which mentions I don't know exactly how many but quite a few different tools In here and discussions about their merits There's a few different github projects and links in here and actually this starts as a benchmark comparison of SSH 0 tier And tail scale so I'm kind of expanding a little bit on this and it's funny because it wasn't until after I started working That I even found this particular post But unless it's really some interesting things that were pointed out in here and of course lots of different tools available for it So that is another further discussion goes out of scope of this particular video And this is also the defined networking and the nebula I'll leave links to all these things down below and of course the video I did on nebula So if you're interested in diving into any of those absolutely great But let's go back to getting right on topic with how tail scale works This is the first thing you're gonna notice is that both tail scale and Zero tier have solid documentation This is a great thing when I can go to a company find out pricing and Documentation of how a company works or how their product works. I should say because that matters I want to understand the protocols so we can understand the security of how they're done now the data plane The data plane is wire guard for tail scale and for zero tier. They're using their own protocols, but Rolling your own crypto and to your own protocols can be dicey But they have gone through a code review and the code review has came out good This is a security assessment from March 23rd 2020 and they didn't actually roll their own crypto It's just the way they implemented the crypto was with their own zero-tier protocol. It's really clever It's open source. It's well documented and it has been vetted So both of these companies because wire guard has been vetted and so has the zero-tier in the way they implemented the protocols That comes back to the trustworthiness and this matters a lot Obviously if you want to have a secure network and those claims should hold up not just by the marketing team But by actual security and pentesting companies that go through it. That's just an important thing to look at now This is over at the tail scale documentation where you talk about the traditional VPN gateway where we have a Subnet over here with some servers on it And maybe some office and you have your clients externally and they would log in through the firewall VPN device Or maybe a dedicated VPN device to reach those devices that are on the other side And then you handle all of your authentication and brokering right here now the way it works with both tail scale and Zero tier the problem they're solving is The ability to have the clients be anywhere but have an extra network adapter Essentially that has them always connected as if they're on that subnet without having to go through and authenticate each time through a VPN kind of an always on type connection and Whether that connection is internal whether that laptop for example is external to the company or internal to the company It has access those resources also. Where are those resources? Let's say you have something hosted in a cloud or even adding another location You start tying each of these devices at each location With a series of access rules and you say all right These are the groupings of the systems that can access them and it doesn't matter where they are you add them to your tail scale or zero to a network and they're always are accessible at that address This is will be demoed a little bit more detailed here when we break it down But this is what they're essentially solving so the IP address of some type of service That you're running is always the same no matter even if the public IP changes whether you move that server to a new location Whether the endpoint does the endpoints that you have attached to the network also always maintain the same IP address this way the Networking is private so to speak and the global network the WAN can just kind of change dynamically They can move behind a nap behind two nats behind three nats later And it will figure out how to broker the connections So when you're connecting to the resources, they are always connected IP address Of course, this is also going to be substituted with DNS names and everything else But we're stick with the fundamentals and I get to out of scope on here Now lots of documentation as I said and how the protocols work and everything else and the data plane specifically is wire guard Now couldn't you just run wire guards yourself? I'll bring that up and one of the reasons why tail scale exists I have a detailed write-up on getting started with wire guard and a walk-through video to go with it And it's not that simple as you may have looked here. It's a lot of steps getting wire guard set up It is a great tool. It is a great fast VPN But to build your own wire guard server or go a step further have to manage a series of clients There's a challenge to it The goal of tail scale is to solve that problem of managing wire guard because wire guard itself is more of a protocol But not a complete solution when you look at a VPN I say it like that because you need user authentication and management and basically a way to control all of that That's not natively built into wire guard wire guard focused on the implementation of the protocol and that's where tail scale comes in and sits on top of it and The zero tier is solving that problem back in the same way. As I said, they're both just a Creating a series of nodes that all have an IP address on there And the way you do it over here in zero tier is the zero to a protocol Sets up a zero tier network adapter on each device and it uses the zero tier protocol to have all those devices in there And talking to each other now a couple differences where zero tier is a little different in tail scale With the way zero tiers configuration works You can set up your own private root servers And there are methodologies by which you can host it goes out of scope of this video And then they don't make it so to speak one click easy You don't just spin up your own but they do have your own routes and they call them moons So there are other ways you can do this to keep things private But generally speaking the overall and the way you're going to configure these is to buy their service and Go and have them do the hosting of the control plane of all of this Now that does not give them access to your data Neither zero tier nor Tail scale have the ability to decrypt the data that is going between the nodes They can see that there is traffic between the nodes But they don't have the ability to unravel that traffic and break the encryption That is used in there because the encryption used is solid and it's vetted as we stated earlier But that does not mean there is no threat surface at all The threat surface is a little bit different The systems that you connect together should not just assume IP authentication They should still have whatever username and password for whatever applications you've tied together For example, if you have a node that is a zero tier or tail scale server And you have some business application on there that requires a username and password to authenticate great Then the nodes that you've authorized on that network would be able to get to that interface in order to Try to do those authentications What if though someone took over tail scale or zero tier and someone gains access to their control plane? Well, this once I said before will not allow them to actually Decrypt the traffic but it would allow someone to add more nodes And this is where that secondary layer of security that hopefully you have configured Where there's suddenly another node on your network that was authorized by someone else Not you who may have control over the control plane They would join and add another node authenticate And now that node if it was an attacking node can start attacking whatever devices are within there That's why there is still a threat surface But it is not from a protocol leak as much as it's from a System where someone gets into one of those control planes also of no I want to make sure this is clear for the rest of the video There are no special firewall rules needed at all that also helps reduce threat surface To only being the control plane because as we do this demo I won't be changing any special firewall rules for any of these as we move the different nodes between different networks for the demo There's no firewall rules set up. There's no firewall change. We actually have a lockdown firewall that does not have upnp turned on So it'll just be relying on nat traversal Although these services can and look to things like upnp to try and gain better levels of access In this particular demo, no firewall rules are needed This is actually a really nice thing about both of these services is not having to open any ports Which does overall help the security and limits the control plane being the big threat surface of these products All right. Now, let's talk about the lab and how we have it set up We have three devices that we've attached here We have got this devian lab cloud which has a public IP address right here Which don't worry. It'll be destroyed by the time this video is uploaded. We have devian lab one devian lab two And then we have my firewall. These are located at my office here in my lab These both are on the same subnet with each other. So they're able to talk directly But they're also running zero tier and tail scale simultaneously and zero tier and tail scale as I said work similarly where they add an extra IP address that's essentially assigned to these devices in a static form So we always know that this device has this IP address no matter where it wanders around on the network So it's local IP or even the public IP can change and what firewalls behind can change And that's what these little dotted lines that are moving a representative of is those change notifications So the way the clients work both for zero tier and tail scale is they reach out Through the firewall cross the internet and talk to the zero tier and tail scale servers to say this is where I'm at How do I connect to all my other nodes? Now by doing this, they are going to broker the connections an example of tail scale Wire guard will allow for one side of the connection to be behind a nat So it understands that and this being on a public IP means tail scale can say This node here can go through the firewall through the internet and connect over here So it'll establish those connections and take care of those details In the case of both of these being behind nat it's going to use some different protocols and same with zero tier There's going to use different methodologies to get these devices talking to each other such as udv hole punching All right, those technical details by the way are very well laid out in both the documentation for each of these respective products let's Go over here now and here is just tmux splitting the screen. So we're logged into the devian cloud loud, which uh, By the way, I misspelled devian. So yes, you can point that out in the comments Uh, and devian lab 2 devian lab 2 being the one that's local. This is the one that well is in the cloud That's why we named it that way. Let's go ahead and throw some iperf on there And iperf is for speed testing. So we'll go ahead and do that iperf 3 s But we'll start with a ping test because you can't go wrong with pinging things or let's Go, uh, ping devian cloud and we'll say public ip And that's the public ip as listed out in there and we're seeing we're pinging about the mid 33s or so So reasonable ping times for being going across the internet here. What happens if we ping it on zero tier? About the same first couple pings are same over here in our 40s and came down 42 so it's not adding too much overhead plus It's traversing the internet. So you're going to get some variation in ping times What about tail scale same thing so the Added layers of running this encryption and running the protocols that they use does not add a dramatic amount of latency and overhead Based on this right here to going across the internet. So Not a big deal there. Now. Let's start the iperf test. So The client is going to be devian cloud lab and we'll say public first. Let's get a baseline here Raw connection across the internet. What kind of speeds are we going to see? The limitations and restrictions I have on a network means we're going to see about yeah 20 meg connection here. So we've seen about 20 megabits a second there What about if we went through tail scale? What do we see? About the same now just gets capable of Faster speeds in this but like I said, that's why I did the public ip first to show you what it was getting Which is not the full speed. It's just the restrictions on there That we have on this network and we do not have a full gigabit connection to the pipeline to the internet here Sorry for those of you that hoped we did But we'll test local as well and we'll go ahead and test with zero tier and once again Out the same with zero tier. So no problem. Now, obviously there are some scalability problems I don't know for certain but maybe wire guard might be a little bit faster depending on how they implemented it This is where I don't know for sure. But let's talk about the local test. So let's ping locally now And so you've seen that's where all these connections are going on this side of the pane now if we ping locally This will be the lab two and we'll ping the local ip address, which these are both in a virtual server Really the same stack the same hypervisor. So they're going to ping really fast It's not even really leaving outside of the virtualized network adapters, which also means if we did an iperf test to devian lab to The local ip address The connection speed that these can connect at is about 15 gigs a second right now For the hardware that we have this running on So that's more of a limitation of where the hypervisor and what it can connect at But either way we're getting 15 gigs a second on this particular machine. So I would say that's pretty good Then we're going to go and try it through tail scale. Now, this is where tail scale not a hundred percent I'm assuming is using some type of udp hole punching be able to do this and It's able to get a pretty reasonable speed here of You know 281 not bad now I know that is pretty fast But that is not as fast as we have a connection here overall what we can do But I believe that connection isn't necessarily looping out and we'll talk about that a second when we do a little bit deeper in the Demo, but this is what's interesting about the way zero tier does that If we do this with zero tier We're able to get about 400 to 500 So the first couple is a little slow But then it jumps up quite a bit and when you're comparing this to the 281 it would appear that zero tier can Navigate things a little bit faster But I also want to break this down one more level by adding more complexity to this particular setup So right now these are on the same network devian lab one and devian lab two So when we do these local connections, as a matter of fact, let's run that same connection again Once zero tier establishes the Essentially udp hole punch that is allowing this it is able to go faster even at first So now that we ran this again, we're at 482 versus 400 That's because these first couple were a little slow before figured out how to talk to them locally To my knowledge, I don't know and I didn't see anything in a tail scale config that would allow this That would allow them to talk any faster It seems to be pretty consistent at this speed even though they are both local But now we're going to put the devian lab one behind one more firewall And the goal of doing this is the cgnat question that people have asked or when you're double nat it So carrier grade nat is when your isp has a nat for you and then you have another nat that Protects your network or what your network is behind. So what about those scenarios and how do these things handle it? That's the next test we're going to do right and here's how we change the complexity up a little bit We took the devian lab one. We put it behind this firewall. So double nat it essentially This firewall has a wan ip address of 192 1683 dot 217 behind it is this devian lab one So it now has a local ip of 192 168 40 dot 139 now to Just to keep everything as complicated as possible here. We have this going to here going to here going to here so these 3.217 and 172 1669 dot 50 are also on separated sub debts So we've created some complex routing where someone's on a different segment of the network where the rules state that this May not even talk to this and this can talk to this can talk to this but can talk to this But then also has to peeking out to zero tier and all and tail scale So now that we've got those complicated rules in place How well does that work and that's where the next test comes in? So once again, this is on different subnet than this. So we're not going to get those same speeds but go ahead and Go here and we're going to ssh root at 192 1683 dot 217 And I brought that up because that's the firewall and we have a NAT rule that allows me to pass through this firewall to here My computer is actually on This network. That's why I can't just get to this directly. All right now that we understand that And let's go ahead and ping the devian lab to zero tier interface See able to talk to it And of course if we ping it locally We still can because the rules say That the three dot network can talk to the 172 but not vice versa, but we're able to get to this And we see, you know A little bit different when they're not on the same subnet even though they're still in the same machines Passing through a firewall, but then we can do the iper test lab two and uh zero tier address And we were getting that 500 megs And this is where it's kind of impressive Even though we've looped through there and done this kind of confusing network setup We're still able to establish a pretty fast 400 meg rate between these and I It's just kind of the magic of how they make all this work. It's not magic I shouldn't say that it is well documented, but it is Really good network engineering to allow these devices to be able to talk to each other despite being on separate networks Now of course, we got to do the same test with tail scale now And tail scales about the same whether they were on the same subnet or now double nated and on different subnets Within the same network in my building here And they're still able to this and probably you're wondering well, can it still talk to the other device over here? Yeah, it's no problem. Even though this is double-natted it can still Go ahead and just ping the devian cloud lab zero tier And we're able to ping that device so it took care of double natting And what about if we were to ping devian lab cloud tail scale Same thing no problems can ping so getting the same one So even though it's double-natted both tail scale and zero tier are able to traverse these so overall I would say It handles these complex things like double nat or wherever these devices are and especially for people Who may be interested in dealing with double nat or cgnat situations both quite well Now while I do really like the way that zero tier when things are on the same subnet was able to utilize essentially like udb Hole punching and hairpinning in order to get this working in a way where you can get really fast transfers I don't know that that makes zero tier some type of clear winner It is faster in that particular context But overall as you've seen and the more likely use case for these devices being deployed and these services being deployed Is going to be where you have a series of clients that are scattered around in different locations Maybe work from home users and a series of servers Maybe some in different cloud server stacks or some that are on prem And you want to have a single common easy to manage ip plane where you access all of these Both tail scale and zero tier solve those problems Now I won't talk about pricing to try to make any determination of which one you should choose because pricing kind of dates the video They both have public facing prices on their website to tell you how much it costs to use And of course, they also have contact us if you are a Very very large scale user and want some type of custom implement Application that you want to use this for so there is a basic tier pricing fillers You want to use a free tier for anyone at home just wants to sign up And do the same things I did this demo cost me nothing This demo was not endorsed or even aware I did tweet it so I can't say they weren't aware that I'm testing their product They were aware but had no influence neither company did on the video or any feedback or commentary that fed into this I've done several videos as I stated on zero tier. It's the first one. I'm done on tail scale I may do a dedicated video to tail scale if you leave some comments below and think that's necessary But overall I will say both services are really easy to use really easy to deploy And pretty simple and both are good. It just comes down to what you would like to use So either one works So this is kind of my answer video to people who have asked me a lot about these two different products for a comparison And of course that third option I mentioned at the beginning nebula I think nebula is still a good one nebula, of course is not on the easy side and for those you just go You know what? I'm just want to run raw wire guard. Hey, I'll leave a link to that down below All right. Thank you guys for watching this and uh, see you in the forums And thank you for making it to the end of this video if you enjoyed this content Please give it a thumbs up if you like to see more content from this channel Hit the subscribe button and the bell icon to hire a sure project head over to laurance systems dot com And click on the highest button right at the top to help this channel out in other ways There's a join button here for youtube and a patreon page where your support is greatly appreciated For deals discounts and offers check out our affiliate links in the descriptions of all of our videos Including a link to our shirt store where we have a wide variety of shirts and new designs come out Well, randomly so check back frequently And finally our forums forums dot laurance systems dot com is where you can have a more in-depth discussion about this video And other tech topics covered on this channel Thank you again, and we look forward to hearing from you in the meantime check out some of our other videos