FTX Lessons: Self Custody Explained (MetaMask Tutorial)

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  • čas přidán 9. 01. 2023
  • Where did we go wrong with FTX? What can we do to prevent it from happening again? What is Self Custody? These answers are in today's video!

Komentáře • 133

  • @carmindaAntunes
    @carmindaAntunes Před rokem +134

    We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

    • @mohammeddumadi8323
      @mohammeddumadi8323 Před rokem

      People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

    • @jamesdrew296
      @jamesdrew296 Před rokem

      Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

    • @maryamismail1226
      @maryamismail1226 Před rokem

      @@jamesdrew296 You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.

    • @anthonycovino3049
      @anthonycovino3049 Před rokem

      @@maryamismail1226 Please I'm very much interested. How can I get touch with this coach, i really want to give her a try.

    • @aishatuabdullahmuhd1088
      @aishatuabdullahmuhd1088 Před rokem

      @Nuno Maulide *DEBORAH STAVARACHE CASTRO* is the coach that guides me.

  • @terungwaawarga
    @terungwaawarga Před rokem +127

    I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas

  • @darrelltan4517
    @darrelltan4517 Před rokem +1

    Thanks for explaining the FTX incident. This way of explaining is so easy to understand. Keep it up👍

  • @totoshi2024
    @totoshi2024 Před rokem +1

    Best explanation I ever seen, like always on this channel

  • @MarvelousBenjamin-bt2uy
    @MarvelousBenjamin-bt2uy Před 5 dny +31

    ..
    From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Michelle Catherine, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

    • @JamesJackson-rx7hm
      @JamesJackson-rx7hm Před 5 dny

      A better way is to get proper guide!!!! The most important thing is the technicality and Michelle Catherine keeps providing

    • @PalcisoEmilia
      @PalcisoEmilia Před 5 dny

      You trade with Michelle Catherine too? Wow that woman has been a blessing to me and my family.

    • @KeithBisbee
      @KeithBisbee Před 5 dny

      I'm surprised that you just mentioned Michelle Catherine here. I met her at a conference in 2018 and we have been working together ever since.

    • @PalcisoEmilia
      @PalcisoEmilia Před 5 dny

      The very first time we tried, we invested $12500 and after a week, we received $47900. That really helped us a lot to pay up our bills.

    • @KeithBisbee
      @KeithBisbee Před 5 dny

      What impresses me most about Michelle Catherine is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.

  • @StrangerInAStrangeLand1999

    If you demand someone protect you, you by default give power over yourself to them.

  • @JRD876
    @JRD876 Před rokem +2

    Awesome Content

  • @Gabriel_Randi
    @Gabriel_Randi Před rokem

    nice work!

  • @jondutra1474
    @jondutra1474 Před 2 měsíci

    Great job 👏🏽

  • @luxt.v521
    @luxt.v521 Před rokem

    Thank you so much!

  • @wenmoon7830
    @wenmoon7830 Před rokem

    excellent tutorial

  • @dannyboyyy4889
    @dannyboyyy4889 Před rokem +1

    It’s always a glorious day when whiteboard crypto drops a video!

  • @kouroshnadi699
    @kouroshnadi699 Před rokem

    Best channel ever

  • @rahulgupta-rh9th
    @rahulgupta-rh9th Před rokem

    Finally my concept is cleared

  • @lestervalera786
    @lestervalera786 Před rokem

    Nice content bro.

  • @boboknofire
    @boboknofire Před rokem

    Hi Whiteboard Crypto, really like your videos. Please tell me which service you use to make such great animated videos. Just awesome and great work! Thanks in advance!!!

  • @SonnyKings
    @SonnyKings Před rokem

    GREAT CONTENT

  • @subhojit8601
    @subhojit8601 Před rokem

    Please make a video on APTOS. That will be helpful.

  • @TheWealthNavigator7
    @TheWealthNavigator7 Před rokem +1

    Great vid! You're one of the ones who inspired me to start my channel! :)

  • @anne_2000
    @anne_2000 Před rokem

    good content

  • @Stnaney
    @Stnaney Před rokem

    Very usefull

  • @Pho_Phoenix
    @Pho_Phoenix Před rokem +1

    Time for Exchanges 2.0 like DFX Swiss.
    Connect your MetaMask and get your Coins directly in your self custodial Wallet!

  • @L-Bryan
    @L-Bryan Před rokem

    I really do love your video, Aren’t hard wallets even secure?

    • @someone13211
      @someone13211 Před rokem

      From what I understand, hard wallets are the most secure because they are physically with you at all times and only connected to the internet/other wallets and exchanges when you want it. A soft wallet is on the device or whatever you are using, meaning that device is acting as your wallet. They are both safe, but a hard wallet is "safer" because when youre done with it it is in your physical hard wallet that cannot go anywhere you dont want it. Just don't lose you keys. (If you need more info theres are a lot of resources explaining it.)

  • @gustavopereira717
    @gustavopereira717 Před rokem

    How do you create your videos?

  • @77kthomas
    @77kthomas Před rokem

    What if you have crypto on Webull then you can’t move it they only allow movement of bitcoin

  • @mattharris222
    @mattharris222 Před 11 měsíci +37

    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.

    • @EricRaymond-ss8
      @EricRaymond-ss8 Před 11 měsíci

      I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.

    • @michealconnolly
      @michealconnolly Před 11 měsíci

      Mrs Reyes changed my life because of the high profits I got from investing with her.

    • @melissagreen2727
      @melissagreen2727 Před 11 měsíci

      I'm new at this, please how can I reach her?

    • @Kareenwood8738
      @Kareenwood8738 Před 11 měsíci

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

    • @mattharris222
      @mattharris222 Před 11 měsíci

      She's active on TE LE GAM'S 👈 with the name below ..

  • @Marmar34082
    @Marmar34082 Před rokem +1

    What Is I have my Eth stakes through Coinbase, could I still put it into Metamask?

    • @0x2fd
      @0x2fd Před rokem

      yea and no

  • @derekabishua
    @derekabishua Před rokem

    FET, AR, OCEAN, INJ, JASMY, AGIX, LINK, ICP, and HBAR

  • @thegreatfeez33
    @thegreatfeez33 Před rokem

    can you make video on SOLIDLY?

  • @MarkKlimushkin
    @MarkKlimushkin Před rokem

    Let's say Metamask blocks my account or Metamask app&website being blocked by authorities, how do I access my wallet then? Can I still access it if I save a private key?

    • @cryptochili
      @cryptochili Před rokem

      MetaMask is a browser extension executed locally on your computer. If the MetaMask website is down, you can still run your MetaMask and access your funds.

  • @coreymoyers
    @coreymoyers Před rokem +2

    How can we own our crypto in a hardware wallet and still stake it? I thought if we hold it we can't invest it. We have to trust people with our money to get a return on it, right?

    • @WhiteboardCrypto
      @WhiteboardCrypto  Před rokem

      Many networks let you stake your coins or tokens "on-chain", meaning you don't have to trust anyone, and you can still earn a yield. Not all chains let you do this, for example, Bitcoin has no native staking feature.

    • @BlaxxTV
      @BlaxxTV Před rokem +3

      Think about the word "staking" for a second :P
      It is literally another word for "gamble"

    • @zealdmv3314
      @zealdmv3314 Před rokem

      Good question

    • @zealdmv3314
      @zealdmv3314 Před rokem

      @@WhiteboardCrypto Can you make a video explaining staking "on-chain"

  • @bradtifft666
    @bradtifft666 Před rokem

    Amazing quality and format for your videos.. If you are interested in expanding into the defi space I would like to offer you a spot on my team in an ROI DAPP on Binance called ARK FI. I will get you started and provide all of the information for you to see what the platform does, as well as the roadmap that is unfolding around it.

  • @Linck192
    @Linck192 Před rokem +3

    I wouldn't trust my crypto savings to a browser extension

    • @cjclayton
      @cjclayton Před rokem

      Would you trust FTX more than your own computer browser?

    • @Linck192
      @Linck192 Před rokem

      No. I would trust any centralized exchange less than the browser and the extension, but I would trust a hardware wallet more

  • @Bennett156
    @Bennett156 Před rokem +61

    the market seems to be bouncing back but a lot of people lost huge sums already. No one talks about that. To those who lost big time via taking leverage position and those who are panic selling & buying.. be strong. Please you have to be serious with your financial life by all means in this new year. Navigating the crypto space alone without proper guidance is very dangerous. I thank Ryan Donald, a crypto expert who has upgraded my financial status. This bear market has been favorable to me. Ryan Donald has also been researching all charts, trades, and methods on BTC, which has lately helped my portfolio grow to 19 BTC

    • @Bennett156
      @Bennett156 Před rokem

      he's available on Tele gram

    • @Bennett156
      @Bennett156 Před rokem

      ryan_trading 👈 with the user💻name

  • @0xVeniVidiVici
    @0xVeniVidiVici Před rokem

    thehumanist approves this video.

  • @jb_makesgames2264
    @jb_makesgames2264 Před rokem +1

    Great Video - Sadly common sense in crypto is about as rare as unicorns. Note that while centralized exchanges like FTX caused the problem, the fact that they were centralized is not necessarily the problem but the people who ran them. Equity exchanges like NYSE and NASDQ are centralized and operate perfectly well mostly because they are run by competent individuals.

  • @MarkMcelligottPeaches
    @MarkMcelligottPeaches Před rokem +1

    Apart from the security that this presentation shows, the etherium blockchain system is base on staking which is what the central bank system is. As well etherium is centrally managed and can increase etherium tokens at will which is what the current central banking system does. If you want real hard money Bitcoin is the only digital store of value in the world.

    • @Mattloxy
      @Mattloxy Před rokem

      Bitcoin is not a store a of value, not yet because it does not have a stable value in fiat terms. Look to stable coins (shitcoins) for a stable value

    • @MarkMcelligottPeaches
      @MarkMcelligottPeaches Před rokem

      @@Mattloxy Bitcoin is outside the fiat currency system and is showing what the true value of fiat is. It's not Bitcoin that's unstable, it's the fiat. The fiat central bank system is collapsing in front of our eyes today. Good luck with the stable coins which are actually unregulated securities.

    • @Mattloxy
      @Mattloxy Před rokem

      @Mark Mcelligott stable coins or a lot of shitcoins are unregulated securities I agree with you on that. Although most people people get into crypto because of price action of bitcoin because of the fiat value. Would you spend your BTC? How would you value your BTC if the dollar collapsed? I think also we would have bigger issues if the petro-dollar truly collapsed.

    • @MarkMcelligottPeaches
      @MarkMcelligottPeaches Před rokem

      @@Mattloxy The Petro dollar is collapsing. The Fed is propping up the dollar by both raising interest rates and pumping liquidity into the system at the same time. The hyperinflation is going to kick in over spring and summer. I will never sell my bitcoin but only use them as collateral for loans of fiat. This allows me to operate in the fiat system while holding my wealth in the hardest store of value ever invented. As well, there's no tax event created. I advise you to do the same ASAP. It's going to be a wild ride over this year and next.

  • @IvanKekov
    @IvanKekov Před rokem

    Please explicitly mark promotional content in your videos. MetaMask part is obviously promoted. I'm not against promotions per se, just want them to be more honest. Thank you for your content.

  • @qwewqe2969
    @qwewqe2969 Před rokem

    The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.

  • @vinigasparini
    @vinigasparini Před rokem

    Wasn't Metamask censoring certain users?

    • @cryptochili
      @cryptochili Před rokem

      MetaMask is locally executed. How should this censoring work?

  • @Nintron
    @Nintron Před rokem

    First

  • @JohnnyGalang
    @JohnnyGalang Před rokem +6

    *The crypto market has been unfavorable for months and i keep losing my money selling off during dips, i'm very scared of holding right now. how do you guys still make so much?*

    • @JohnnyGalang
      @JohnnyGalang Před rokem

      I'm a beginner. How can i reach out mrs savannah colton?

    • @margaretmyles6683
      @margaretmyles6683 Před rokem

      it's really exciting to see this comment section, Mrs Savannah is a real crypto genius. with her help I get to transform my financial situation for good.

    • @mikey-bigg4486
      @mikey-bigg4486 Před rokem

      Anyone who is not inves'ting now is missing a great opport'unity, imagine inves'ting $1,50'0 and rece'iving 8,10'0 pr'ofits. in one week SAVANNAH COLTON is the best.

  • @awkwardsaxon9418
    @awkwardsaxon9418 Před rokem

    bro u promoted ftx

  • @EduDaoUniversity
    @EduDaoUniversity Před rokem +1

    Not really what happend to FTX. go Listen to Michael Saylors summary.. That over leveraged their shit coin, and then borrowed against it... its way way way way way worse than you describe.

  • @TheMessanger
    @TheMessanger Před rokem

    3:59 or just get out of crypto and go back to the traditional way!!

  • @edwindano
    @edwindano Před rokem +1

    Banks do this

    • @shotelco
      @shotelco Před rokem

      The difference is the major global banks _Also_ control the underlying equities and bond markets they trade/invest in. Moreover, *when* they lose enough, the Fed just conjures up currency to bail them out. As long as crypto is mentally and emotionally tied to the U$D (example: 1 BTC = X U$D), it will always be a scam.

    • @edwindano
      @edwindano Před rokem

      @@shotelco yup correct,

  • @dejazO0
    @dejazO0 Před rokem +5

    bru you literally promoted them in the past 🌚

    • @WhiteboardCrypto
      @WhiteboardCrypto  Před rokem +6

      I personally used them due to their very low fees and UI, good exchange, bad founder. I don't regret sharing a product I used, I regret not telling more people about self custody and the habit of moving funds to your own wallet, which is why I made this video :)

    • @shotelco
      @shotelco Před rokem +2

      @@WhiteboardCrypto Well it's too late now.

    • @zealdmv3314
      @zealdmv3314 Před rokem +1

      @@shotelco lol at end of the day , DYOR.... Leaving $$ on FTX defeats the whole ideology around crypto

  • @user-gu8fl5mz5q
    @user-gu8fl5mz5q Před rokem

    This blogger can not be trusted charged my advertising fee and then delete the record and do not give me to post ads a big blogger 200TRX are cheating, so no credit of the blogger can be trusted ???? Please comment

  • @dejazO0
    @dejazO0 Před rokem +3

    you blaming us when you promoted us at the first. No apologies, no responsibility, just blaming your geniune viewers.

  • @user-ur6jg5je4j
    @user-ur6jg5je4j Před rokem

    Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.

  • @PoopsWithCaT
    @PoopsWithCaT Před rokem

    The fees involved with moving crypto off an exchange to cold storage are outrageous for the majority of people so that important piece cannot be ignored when it comes to self custody. With $1000 of Eth it could easily cost $30 to $200 to get it to cold storage and then off cold storage or to sell.

  • @shotelco
    @shotelco Před rokem +1

    *Hey WhiteboardCrypto!* OK, you're a smart person (I'm not being flippant, hear me out). Is the " ideology " around crypto to develop an *_Alternative_* currency other than U$D, or is the " ideology " to create a *_Proxy_* currency directly linked to U$D?
    ~ Proxy meaning substitute or in place of - one currency which moves _in Concert_ with another to *hedge* the risk in the other currency.
    ~ Alternative meaning something that is mutually exclusive so that if one is chosen the other must be rejected.
    Would you agree or disagree that A Proxy currency that is pegged to the U$D is nothing more than a subset of U$D, and in all reality functions exactly like casino chips which represent a U$D value depending on the casino owner that that issues and redeems the chips (tokens). Here in Vegas, we all know that The primary reason casinos prefer chips over cash is because chips add _mental separation between the gambler and his valuable money._ (Credit cards do the same mental trick) And as we also know, the house always wins - as they take a 10% cut when they pay the winners with the _Losers_ money...always converted back to U$D.
    Conversely, if crypto is to be an _Alternative_ currency, by hard definition it must be 100% decoupled from U$D. IOW, once one converts their U$D to crypto, it should be a store of value that can ONLY be exchanged for goods or services transacted and denominated in Crypto.

  • @Derhemion
    @Derhemion Před rokem

    Marshmello Finance MARSH3 = bot account
    more than 10 positives on a comment? = bot account
    can't the devs do something?

  • @tekiniz3699
    @tekiniz3699 Před rokem

    Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3

  • @evrenalper6078
    @evrenalper6078 Před rokem

    Marshmello Finance MARSH3 is gonna explode anytime soon 🔥

  • @aligotusikli3797
    @aligotusikli3797 Před rokem

    Marshmello Finance MARSH3 is 🔥🔥

  • @cemalakaman2945
    @cemalakaman2945 Před rokem

    Marshmello Finance MARSH3 is 🔥🔥🔥

  • @afkbuster6874
    @afkbuster6874 Před rokem

    Why do you say there is no way? Have you seen Marshmello Finance MARSH3 This thing is gonna skyrocket 🚀🚀

  • @derseviakademi
    @derseviakademi Před rokem

    The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.

  • @muratxan5250
    @muratxan5250 Před rokem

    Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.

  • @sanagenela1343
    @sanagenela1343 Před rokem

    Marshmello Finance MARSH3 is gonna explode anytime soon 🔥

  • @ipvar7902
    @ipvar7902 Před rokem

    Why do you say there is no way? Have you seen Marshmello Finance MARSH3 This thing is gonna skyrocket 🚀🚀