Lmao. New York Times is about to publish a negative article on Coinbase (about some diversity / integration stuff) and Coinbase decides to be transparent and publish a blog post beforehand, informing people about important details the NYT will probably omit.
Now guess what happens: journalists are pissed because Coinbase apparently broke some sort of "unwritten contract". Seriously, what the fuck, guys?? 
I see it like this. They don't owe journalists shit. Good move, Coinbase.
Bitcoin: did you ever notice how well parts of the Gox rally and its aftermath align with the rally to 20.000? Check this: if you take the 1D chart from Gox high to the 20k ATH and copy those candles almost four years (minus ~1 month) into the future:
the 20k top is almost at the copied 1.000 USD top,
the low in the 100s aligns perfectly with the ~3.000 USD low and
the current dump lines up almost perfectly with the first dump after the Gox ATH when we touched 1.000 USD. Current low would be somewhere in the 13.200 USD range, but I wouldn't bet on the amount... amplitudes can vary a lot. But still, amazing.
Also, extrapolating the old rally perfectly gives us one more year of bull market (which I'm saying since quite some time: sell end of next year) and the top is somewhere in the 340.000 USD range.
Game plan for now should be to wait just a few more days, to see where this dump finds its end and meanwhile, sell your house, sell your dog and sell your mother (no financial advice, haha!), so you're prepared to enter full degen mode!
Chart saved, just to be sure (with link to the full size image):
I've got a buy order open at 13.333 USD. No iceberg / pyramid or anything, just one single buy for all my USD(t). I am not 100% convinced of this target, as it seems a bit very low, but let's see if it hits. I've had this thing with often being right with my targets, but putting them higher / lower / taking that trade early at a worse price, just for the price to eventually reaching my target. Let's try to do it better, this time!
Shoved my ZIL profits into Tezos, again, effectively enlarging my bag a bit. Tezos is touching 2.80 USD and 0.00015 BTC, again, and it looks like sticking to that bag might have been a good idea. Too early to tell, though, so let's see if it manages to properly take out that resistance it created a few days ago in this range.
We'll get every single one of you nocoiners out there. Nobody can escape the degeneracy of Crypto!
Trading: I kinda feel a bit paralyzed, right now:
I'm sill holding onto my (staked) Tezos bag.
But at the same time, we have reached 19.000 USD per Bitcoin, and I'm pretty damn sure we'll get a proper correction in the 20-30% range, very soon.
But I am also convinced that Tezos will get its pump – with dumps and everything in between, of course.
So, I feel I should temporarily get rid of that bag, to buy back more when the opportunity arises, BUT:
I have bought Tezos at what momentarily looks like (slightly above the) rock bottom, plus the fact that Tezos often defied the gravity of Bitcoin, in the past.
Guess I'll just sleep one more night over it and try to find a solution, hoping that it's not exactly tonight that Bitcoin dumps to shit and takes that decision from me.
Major drawback of missing that opportunity would be that it might fuck with my plan to enter a major long position on Bitcoin (I assume I did mention that my Tezos bag is unhealthily sized? ^^) when it had its correction… but will Tezos really go lower than the entry I've had? Who knows. Guess it'll turn into yet another gamble.
What also speaks for selling is that higher expectations come with higher risks of getting just nothing (or having to wait even longer, missing out on more opportunities). But what speaks against selling is that selling the early stage of a pump won't get you all the hooker and blow and lambos. You see my dilemma? 🤔
Also, this could very well be a situation like a week or so ago, when I sold ETH too early at some 430 USD (had a proper long open which would have added quite a bit to my portfolio). A.k.a. selling the early stage of a pump.
For now, I think I'll stick with it and enjoy the inner peace I get from having to monitor less charts and having more time for my family.
Yes, I've made a decision. I'll fkin stick with it and see how it goes. Will sell half at 5 USD, so the rest is a free ride and then reevaluate.
Check this: the daily can very well turn red for a day or two before continuing its rise. All is fine.
If anyone thinks he fked up badly, recently, have a look at this poor guy. Can't tell if this is a larp or real, but damn…
Yesterday, not long after mocking Tezos for becoming the next Rock™, I bought some and ran some analysis. I should do more of this. 👇
In a matter of two days, this thing ran from 2.15 USD to 2.60 (current price). Maybe, just maybe, Tezos is getting its real pump, now. Not this crap from 1 to 4 USD, but a real, proper, face melting pump.
There's a DeFi protocol kind of release planned, and if this gains traction, the sky's the fucking limit!
I'm still 100% holding onto my unhealthily sized bag, and I have no plans to change this until we get one hell of a parabola. This, my friends, is shitcoin season. You don't exit, you only buy dips.
If you're interested in some crypto tax stuff, toss @CryptoCountant a message. He's giving away an ebook for "free".
Experienced crypto degenerates know they're in for a wild ride when this happens. 🚀
Paypal allowing cryptocurrencies to be a funding source for any of the transactions happening on the network, soon™! 🚀 🚀 🚀
I think we can set this in stone, now. The first major Bitcoin rally to 1.000 USD was the "Gox Rally", the one to 20.000 was the… hell, what was it?, and the one to 100.000 USD and beyond will be the "PayPal Rally".
LOL - if Filecoin isn't enough for you, check out Foldercoin and take Filecoin to another level! 😂
And once somebody programmed Operatingsystemcoin, you can even put it to real use.
ETH having the bullrun we've all been waiting for. Needless to say, I fucked that one up (last weekend… sold when I should have just waited for another hour; I should really have taken a piss instead of checking the price in that moment, ffs).
That moment when you're in the middle of Altseason and someone delivers a chart explaining why we're on the verge of an Altseason. 🚀
If anyone is still looking for an entry: if history repeats (or, rhymes, at least), we might soon get a decent entry or two.
Is DeFi still a thing? I haven't read much about shitcoins with food tickers, recently. Is it over? Have the new bagholders been generated?
HEX is a good example for how literally the worst shit on this planet delivers good pumps. But seems the fun is over, already.
I had this as my topmost entry for today, but moved it down because nothing feels as bad as starting out a day with HEX.
In general, it seems to be darts season, again. Check the charts, 15min - 4 hours, if it looks okay, zoom out into the daily, and if this looks bottomish and still has volume: buy. Wait a few days, max. weeks, sell, profit. You literally cannot lose. Lots of opportunities, here… spending an hour a day to check charts is definitely worth it. Might write a blog post on how to find coins, tonight. Or I won't, don't know, yet.
Qortal / QORT: I'm still pissed over btcmax.com locking my account. Deposited 15.000 QORT and they instantly locked my account, requiring KYC (which they won't get from me).
I just noticed something: Google makes it incredibly annoying for users to use Tor. I setup a tablet with Tor, and I realized that searching, watching YouTube videos or doing anything related to Google becomes a literal pain in the ass. They force you to solve captchas over and over, and sometimes, they even deny you the fkin captcha. And on YouTube you get ads like there's no tomorrow. GFY Google!
Fucked up a trade on MakerDAO? No problem, just prevent it from liquidating you. 💡
Ever wondered what the surface of an actual comet looks like? Here's the answer; this is comet Comet 67P/Churyumov-Gerasimenko. I imagined the surface of such a thing to be much more boring. Fascinating.
Linux: I've done it, again: I just downloaded an Ubuntu 20.04 iso and put it on a USB stick. I've bought a Lenovo Miix 320 tablet… and it had cancer when I bought it (Windows 10 was installed).
Being the guy I am, one of the first things I did with it was deinstall Windoze (thinking Lenovo usually has good Linux support… big mistake!).
Since then, I've tried installing GNU/Linux (several different distributions) on it, but to no avail.
Basically, this thing is a doorstopper since I've bought it… but now, I'm trying to install Ubuntu 20.04.
After half an hour and during the first try, it already hangs. Rekt.
Update (late afternoon): It fucking works! I can't believe it. How many hours did I waste on this piece of trash. When I bought it, I still had in mind that Lenovo is usually highly compatible with GNU/Linux, so I deleted the Windoze partition (also the backup one with the restore files) without prior research. What a mistake... countless downloads of different distributions, hours and hours, all wasted, but now, it runs. Sound works, video works, WiFi works, even Bluetooth works. Nice. 👍
Crypto: all signs up, right now. We might get a proper retrace, soon, but until then: party! 🎉
Bitcoin still in the range of 16.000 - 16.300, which it claimed yesterday, turning resistance into support (for now). Looks bullish as fuck and I'm expecting one more leg. Either very soon or after the weekend.
1h chart looks undecided, could chop in this range for a few candles or just break out.
4h chart and 1d chart agree with this, especially the 1d. It could finish with a small candle, giving the market some rest to confirm the current level before we continue to move up.
1w chart looks like all it wants is to finish its move.
Charts from 1m to 1w (around noon): see here. And no, I'm still not going to draw any lines.
Bitcoin: if we don't break it now, then I don't know when else.
Chart looks good, ready for breakout:
What the fuck, why does that image look like such a piece of shit? I installed rte_ckeditor_image to improve image handling, not to fuck it up 😠 Update 5 minutes later: fixed it!
Anyway, it feels like the current 16.000 resistance is slowly turning into support. It didn't recklessly break through and explore new highs, which I was hoping for, but solidifying the newfound support (if it holds as such) isn't a bad idea, either.
Update 23:24: I'm not gonna jinx it, again… so make your own judgement:
Offtopic: as some might know, I am producing techno sound as a hobby, with the computer (using Bitwig Studio) and with analog hardware synths. I'm not using Ableton Live myself (but have used it, back when I was still using Windows), but here's a chance to grab a free copy of Live!
Even more offtopic: does anyone know how terribly exhausting it is to write a blog when you have kids around you, all the time, playing, shouting, screaming? No? But I do. I definitely do. 🤪
Politics: the clownery just won't end. Here's a post of Mr. Orange's son (meanwhile deleted), claiming his father would provide proof of widespread voting fraud. Trump is becoming to the world what CSW is to crypto.
Update: it's not deleted, Minitrump's account just got blocked / deactivated or whatever, he probably has to verify his account now because of bullshit posting. Happened to me, today, when I made fun of Qanon.
Even Bloomberg realized that #DeFi tokens are just a gamble to make more Bitcoin.
Talking Bitcoin: BTCUSD is at an interesting spot, right now. At 15.650 USD, it's playing heavily with the current resistance. Everything from 4h and greater looks more than ready to pop. Three scenarios:
Either we pop. Right the fuck now. We'll make new highs and next barrier will be our 20.000 all time high.
We dump to shit and will revisit the 10.000 and below range. This would end the current wave of the overall run and we'd have to reevaluate how we continue from there.
Or we'll dump just a bit and get more chop in the 14.000-16.000 USD range.
I'd absolutely prefer option #1. My bags are packed and my body is ready. Let's do this!
Here's the relevant charts, 4h, 1D and 1W:
Not gonna lie, guys: I'm nervous as fuck. We're knocking on solid resistance, and the next hours will determine how we'll continue. I've got a long position I don't wanna screw up, and my fingers are constantly on the sell button. Expecting rejection any moment, either this or some fuckery like one heck of a wick down which gets me to sell, just to move back up right after. My brain can only handle so much adrenaline at a time. How am I supposed to sleep, tonight?? 😀
And I just realized that I've used the term "fuck" 29 times on this very page, this made it 30. I should watch my language lol.
If we manage to stay above 15.800 or 15.900 for the next few hours, the daily is gonna close above the last high six days ago. If that happens, we're set for another large breakout.
Decred tanked to 14 USD and now had a small rise to 15 USD. I'm not sure if I believe in its firepower. This thing could as well just dump back into the 12 USD range.
This is really a clever one: during the login process, accounts-daemon checks if accounts exist on the system to determine whether or not we're in the "first install mode" and thus need to create an administrator account.
By symlinking the .pam_environment file to /dev/zero, accounts-daemon is caught in an infinite loop, hence not responding and tricking Ubuntu into thinking this is the initial installation.
This causes Ubuntu to fire up the initial-setup process which allows you to create an administrator account without having any privileges for doing so.
As I said, it's already fixed. But still, this is an interesting approach which involves barely any coding.
That's not all, he continues posting an absolute nonsense article (just a side note: if an article claims in the headline that there is "undeniable mathematical proof", you can probably ignore it) as "proof", citing his "mathematical background" as qualification for doing so.
Then he complains about being censored by Twitter (metadata image not showing up in this article), which I would have loved to call out as nonsense, e.g. because the website didn't implement the twitter:image tags correctly, but this sadly isn't the case. What is the case, though, is that the image shows up correctly on Twitter. With a mark that the article is nonsense. 😂
Side note: I don't like it that Twitter does this. We live in a world where it became increasingly hard to verify information, and it's incredibly easy to get suckered into bullshit news, conspiracies and so on. And while Twitter's intentions might be humble (I'm sure they are), I think that everybody needs to decide for himself if a certain piece of "news" is genuine or not, and if he wants it to be part of his opinion making process. The road to hell is paved with good intentions! Also, those who can't debunk this kind of nonsense can't be helped, anyway.
Peter McCormack chimes in, helping Tone understand that he fell prey to bullshitters, which he politely declines.
Also noteworthy: Tone going full bonkers, copy pasting his initial reply here, here, here, here, here, here, here... and... this is stupid, I'm sure you'll find more occurrences of his post. But yes, each of those links is a different one. ^^
@fluffypony (give him a follow, if you didn't, already) also pops up and ends this thread. No reply from Tone to him.
Trading: Bitcoin still in its range between 14.500 and 15.500 USD, so nothing interesting on that end, besides everybody waiting for it to pop.
Altcoins: with Bitcoin being calm, altcoins took the chance to rise a bit. Checked Binance and there you have it… that feel when literally every single shitcoin goes up. Every single one but my bag does nothing. 😬
He said: "It may be a partial store of value because unlike thousands others (what I call s***coins) it cannot be so easily debased because there is at least an algorithm that decides how much the supply of Bitcoin raises over time."
Needless to say, I'm still blocked by him (because I'm a stupid Bitcoiner... and I'm blocked by @BitcoinErrorLog because I'm not a Bitcoiner LOL).
And another one: European Union demands that end-to-end-encrypted messengers provide a master key, so they can eavesdrop. I demand that such service providers resist and don't undermine their platforms with such nonsense.
I'm curious if they'll get Pavel Durov (Mr. Telegram) to provide a key. My bet is: they can shove their demand up their where-the-sun-don't-shine. 😂
Anyone else wondering how an 80 y/o guy suddenly has so much energy?
The other side still won't stop coming up with lies and bullshit. How do so many people believe him? I mean it's obvious. He's lying as soon as he's opening his mouth.
Trading: slow day with not much happening, but maybe opportunities which could pay out in the next days.
Decred had a nice dip, just now. I could not resist buying it. To the moon! If it keeps the current levels, all is good and we can wait for another run. If it moves up right away – fine, but if it's becoming one of those moves where it starts retracing back down, I'll look to exit that position.
Bitcoin is looking great, too. It almost reclaimed its high and seems more than ready to make new highs. If this happens, we're starting into the second consecutive buying week. I love buying week.
Small breakout with volume happening at 13:00 German time. Volume looks good, I think buying week is officially open, now! 😀 Sorry for the many charts, but just look at this beauty!
Trading: BTC still at $15.500 and ETH at $440+. Bitcoin is at 75% of its all time high, while Ethereum is at some 40%.
With all the coming ETH2 stuff, my bets are – for now – on Ethereum to outperform Bitcoin.
We might get one more leg up in this current "buy week", as I like to call it. Then, expect some cool off period throughout the weekend; then reevaluate if the rally as more firepower left or if we get another 1-2 weeks of cool off (which might fuel the #AltcoinSeason some more).
ETHBTC chart is slowly turning bullish on the smaller timeframes, up to 4 hours. The daily and weekly still look like crap, but it's about to get better.
Altcoins: I've bought some Decred (DCR). They have proven at least two times that they're able to deliver a proper pump, and they have massive releases in the pipeline.
RE: Bitcoin transaction times and prices: I just completed moving all my Bitcoin funds over to the Ethereum chain. I know, some might consider me a heretic, now, but in an active bull market, I really don't wanna be stuck with slow transaction times. High transaction fees, I don't even really care, but no way in hell do I wanna wait ages for a flip to finish.
Most of it is in ETH, right now. I expect this thing to fly, soon. ETH2 release right around the corner and the staking address already receiving funds is a great narrative for ETH to rise against BTC. 👍
Trading: great day, portfolio is up! Bitcoin surpassed 15.000, today and Ethereum is hovering above the 400-410 mark. ETHBTC chart looks like a total piece of dung, but this might change, soon.
I still hodl a significant portion of my coins in ETH, but:
They're locked in an Oasis contract, serving as a collateral for wBTC.
This way, I can hold onto my ETH exposure (because I think it'll outperform BTC at some point) while also being long BTC (or, wBTC, for that matter).
Whenever this loses firepower, I'll switch playgrounds and refill my altcoin bags. 🤞
Bitcoin chart looks like it isn't done, yet:
We might hover a bit in this area and then get to redecide what happens… but I'm confident the bull mode is on, now.
What I totally forgot to write about: install the Cryptowat.ch desktop app! I have ignored this wonderful application for way too long, but trust me, it's fantastic. Currently, I have 20 charts and 3 trade log feeds running simultaneously, and this thing uses 120mb of RAM and 10-15% of one CPU core at peak moments! This is absolutely insane, and it's such a relief when you're used to 3-6gb RAM browsers, crashing operating systems and all this annoying stuff. Great job, cryptowatch!!!
It's almost official: the Orange Man (no, not some Bitcoin dude) will not get another four years to force his annoyance upon the world (which is good). The question is: will he leave? Or will he just stay and pretend that he won the election? Or will he impose a new law which only counts red votes? 🤔
Plot twist: he already declared himself the winner.
Also noteworthy: Jack Dorsey is following Trump closely, to not miss any chance to mark his Tweets as nonsense (which I, personally, find ridiculous: those who don't recognize nonsense right away can't be helped anyway).
Markets (especially in Crypto) were relatively calm. I didn't expect much fuckery; Bitcoin is slowly continuing its uptrend (which is good, too), but we might see some turbulence when the results become official. Not trump-official, but official-official.
Oh, and did I mention that @BitcoinErrorLog blocked me on Twitter? Thought he was a chill dude, but seems I was wrong. Well, fk that guy. Didn't even really interact with him.