OCOIN dot DEV Full width layout: Send links: tag @allyouracid on Twitter
Fellow Shitcoiners, Gamblers, Degenerates!
This is my shitcoin blog. You can also find me on Twitter under the handle @allyouracid (give me a follow if you want, or don't – I don't really care). If anyone has links or any other material on recent scams, frauds or other interesting stuff in Cryptoland, send me an email at… wait, don't send me an email, I'll find the good stuff myself. You can tag me on Twitter if necessary.
Eric Weinstein on why CPI (customer price index) is a bad tool.
German party "Gruene", particularly Sven Giegold, doing their part to regulate crypto EU-wide. As you'd expect, their weapon of choice is blind actionism. I am not impressed.
Main issue I take with this is that it completely neglects the "principle of proportionality" which, among others, states that any law has to be effective. But how is this the case when anything you try to prevent with such law can be circumvented by using decentralized services nobody (yes, nobody) can control or regulate?
My guess is that they got their crypto knowledge from television. A better approach would be to talk to somebody who actually knows what he's talking about.
My Tezos trade still looks like garbage, btw. Decision should come soon, but I have to admit, it kinda feels uncomfortable to have a sizeable altcoin bag with Bitcoin being on the verge of continuing its bull run.
"DeFi Summer: Where your money gets decentralized from your wallet to other people’s wallets in the Summer" 😂 (just posted this because it made me laugh)
Peter McCormack talking to Nayib Bukele, the president of El Salvador.
Let me quote Wikipedia here, and note how insanely fast it becomes completely irrelevant whether one is a good politician or not when he just screams "Bitcoin" loud enough: A populist, Bukele has been criticized for governing in an authoritarian manner. In particular, he was denounced for sending soldiers into the Legislative Assembly to encourage the passage of a bill and allegedly to overthrow the Legislative Assembly of El Salvador. This action, his handling of endemic violence in El Salvador, and his strict response to the COVID-19 pandemic have led some academics to describe him as an autocrat or an authoritarian. Transparency International cited El Salvador and Colombia as examples of an "explosion of irregularities and corruption cases" related to the handling of the pandemic in Latin America. Twenty government institutions of the Bukele administration were under investigation by the Attorney General's Office, until, in May 2021, Bukele led a parliamentarian move to fire the attorney general and multiple supreme court judges of El Salvador, which has been characterized as a self-coup and sparked fears of democratic backsliding and a power-grab.
Bitcoin: went up above 39.000 USD, again. Looks good so far; we're not yet out of the danger zone, but the bull run might continue in the coming weeks.
China running inspections on mining farms – no complete ban issued (yet). As usual, I wouldn't change my long term trading based on this. Any China news so far turned out to be either meaningless or just plain wrong.
Trading: I'm still messing with Tezos. I somehow can't accept that it just goes to shit. Everything matches, this one is a legit pro trade: it's a platform coin, it's undervalued and it's not a crowded trade. And as a bonus, it even has bad marketing, one of the easiest problems to fix. And from a technical perspective, it's printing a really nice pattern which suggests a breakout / change of direction as early as… tomorrow, see here:
I was thinking about this a lot. Chances are good this trade plays out as it should, but also, let's not forget that Tezos is exceptionally good in performing bad.
If this trade fails, I'll very likely sell my bag for good, or at least I won't reenter for quite some time. Let's see, I still have some confidence. 🚀
If this trade works, I expect a rise for a few percent and then two weeks of slightly upward chop, until we get strong buying and a move up of at least 100% from here.
I currently hold Bitcoin mostly, and a good portion of XTZ, but I'm ready to buy the dip I'm expecting tonight or tomorrow to finish my next x2 bag.
Disclaimer: don't blindly buy what I post about, here. Do your own research, there's a slight chance that my reasoning for buying Tezos is beyond stupid and you'll get rekt. Be careful. Really.
Some OffTopic: seems people don't like Eric Clapton anymore, because he talked about his experience with the Covid-19 vaccine.
Let's start the day with G7 memes again, shall we.
Olaf Scholz, German Finance Minister, telling the public that the insane rise in inflation in May 2021 is just a temporary phenomenon. Let's see how this plays out.
Altcoin pumpers. Normally, I don't give crap like that much attention. But check their insane amount of subscribers: 2.9 million, that's quite a lot. Considering that even only 1% goes in with 10 USD, this would equal to 300.000 USD, equals some 10 BTC. That was probably a very low estimate, so it's probably orders of magnitudes higher.
Long story short: stay away from shit like that. you're getting shat on and you'll eventually get rekt.
Bitcoin: interesting Cointelegraph article quoting Sygnia CEO Magda Wierzycka. TL;DR is, Tesla CEO Elon Musk manipulated the Bitcoin price using Twitter and sold most of its holdings at the top. While his tweets are partly of questionable use for the crypto community, markets or anything in general, this quote is probably nonsense. Musk himself replied to it.
Musk: "When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions." – it's this kind of tweets I'm referring to. This is nothing but extortion, disguised as good intentions. Bitcoin has no leader, which is one of its key features. And we should not allow others to become quasi-leaders.
That said, I am curious if we will see any SEC investigations, caused by Musk's tweets. They have started investigations for much less. See McAfee's "coin of the week" bullshit.
Trust me, it's not. These people are just radical. Bitcoin would do 100% fine without them. These people can't even distinguish between being delusional and taking a trade (in a non BTCUSD market). If that's one of the features Bitcoin has to offer, I'd gladly file a bug report.
Nice move from the mid 30s to the high 30s, today! Maybe the price now catches up to the good news recently. I don't think we'll stay in the 30k range for much longer. 🚀
Cuba be like: FUCK USD! [Editor's note: this was posted exclusively for shits n giggles. I avoid linking ZeroHedge like the plague. This "Tyler Durden" 🤡 guy must have taken a wrong turn, somewhere.]
The crypto space needs more innovative ideas like this. Competition is always good. 💪
Blog stuff: I've further expanded the archive, including 2019/10. And I'm starting to see how it was a good idea to start adding actual headlines to the dates of every day's post.
Yesterday, I had an idea: wouldn't it be cool to have a blogging system which doesn't run on a CMS/DB basis, but instead get its content from a git repository, which either runs on the same server or anywhere you like (Github, Bitbucket etc)? Imagine adding new posts as commits, or even better: as branches, and every addition to a post is a new commit, causing a new bullet list item. That would be cool; I should research if anyone has built anything like that, yet.
And the master branch contains the website, an HTML file with assets (if needed… I don't have any on this website) and markers for the content etc.
This could be something like the github.io user pages… definitely gonna look into it. Jekyll also comes to mind. But yeah, getting pretty off topic, here.
If you're currently in Thailand and you wanna trade meme tokens or meme NFTs… well, tough luck. According to their SEC, they're lacking "clear objectives or substance".
Today, I reenabled the archive section of this blog, again. The home page became a bit too long… it was still loading fine and fast, but still a lot to scroll through which isn't the most interesting and recent stuff. Feel free to check there if you're interested in old news. I'll probably do this every now and then to keep the start page kinda clean.
Update: fuck, the links didn't update. I'll take care of that later. Or not. We'll see.
Update: fixed. 😎 // I also restructured the archive page a bit. Until now, there wasn't much on that page, so I just listed each archived item as a link. Now, each month gets its own archive page and section index, so it's a bit easier to go through.
MXS (I have no idea what this is and why it happened) is currently pulling an Oil Futures, reaching negative 57 USD.
The otherwise liberal and freedom Dutch might be about to take a wrong turn: apparently, the director of the Dutch Bureau for Economic Analysis is calling for a complete ban of all things crypto, including mining, holding and trading of such. Not even sure what to say to such a stupid idea, other than "Have fun staying poor".
Update 20:26 CET: There won't be any ban. The Dutch Finance Minister said that a ban is not a solution. Thanks for having a brain, sir!
This already happened yesterday, but I still wanna mention it: Ledger raised 380 million USD to "expand DeFi solutions". Let's hope they don't store this money in their database.
Got a few hundred k to spend? Here is the – supposedly – original Doge image. Yes, the one which started the meme and eventually also Dogecoin. Much wow.
Altcoin outlook: hard to tell what happens next:
Bitcoin is kind of at an insecure level. On one hand, we have lots of fundamentally amazing news, such as more and more countries looking into Bitcoin, but on the other hand, the price does not reflect that.
This leaves some uncertainty as people don't understand why this is the case.
As Bitcoin is still the main driver of the crypto markets, this uncertainty also reflects in the altcoin markets. Many coins have made new lows, and only a few select ones are pumping (even madly so, see Streamr DATA chart).
Considering this, I think the best move for now is to stay careful regarding altcoins, and maybe stack a few more sats in the long term portfolio.
Some true words about the "Bitcoin culture" from our OG friend notsofast. I could not say it any better. These people are called (even by themselves) "toxic" for a reason, in its most literal sense. I don't like extremes, never will. They rarely produce anything positive.
The list of countries "adopting" Bitcoin is growing. Kind of like a snowball effect kicking in. Very exciting times, and all those positive news almost make me forget about the current price action, because what's happening here is so much more important than a few short term gains.
I'm having severe issues with my internet connection, today. It often happens that when I call a URL (as in, the one to save this post), I get a network connection error. This sucks, but I'll try to adapt to it.
RE: yesterday: as expected, clown rapper Soulja Boy has removed the old tweet where he accidentally copied the shill part and replaced it with something less cringy.
It looks like the market is running out of GPUs, again, thanks to the evil crypto miners.
Honestly, I didn't plan to start blogging short before midnight. But sometimes, there are higher forces at work which lead you to do your fkin work and keep your blog up to date. And yes, this one was absolutely worth it, I almost shat my pants laughing.
Clown rapper Soulja Boy tweeted about $SAFEMARS (there's rumor it's a scam), but he forgot to remove the line which contained his salary 🤣
People instantly making fun of Soulja Boy. Love this shit. 👍
If you're poor as fuck (after a longer Twitter session, I always have to remember that I can swear no problem here on my blog lol) and wanna gamble on some potential airdrops, icebergy has compiled a list with potential airdrops.
Relai.ch is doing a giveaway. Retweet this tweet to get a chance to win a dope hoodie. Winners announced tomorrow at 9am CEST. Wish me luck!
Elon Musk (the bored version, tbh I'm still not 100% sure if this is really Elon) has opened a Marscoin related Discord. I planned to join, but Discord always sucks with logins, and this thing just won't open the desktop app (where I'm logged in) and keeps opening it in the browser (where I'm somehow not able to log in).
By the way: did anybody notice how awfully annoying it is to login to Discord? Not only the 2FA related stuff, this always kinda works. But dare you opening a chat in a browser where you're not logged in, then good luck finding a login button. I spent ten minutes trying to find it, and oh well did I feel dumb, but I could not fucking locate it.
A bit of offtopic: I hope we'll never have to deal with bullshit like this. I probably don't share the same opinion as the author (I don't know anything about him), but this is not how you solve problems. Side note: I blindly copypasted this after reading the whole thread. I cannot say for certain that the documents are genuine, so keep in mind that this could as well just be bullshit.
One more: everybody had that moment when you talked about a certain product with someone, then went back to your computer or phone and all of a sudden, an ad for that very product pops up. It's creepy and you might think your phone's mic is spying on you. But that doesn't seem to be the case.
Anyway, good night. I'm tired, I got my second BioNTech jab, today. Finally done with this.
So, Bitcoin dumped to shit (lost over 50% since its all time high) and everybody turned bearish, calling the end of the rally. Now, we're getting a retrace and it's gonna get interesting to see whether this is a dead cat which just bounces a bit, or if the rally continues. Some caution in the coming days won't hurt. But now let's have some fun with Twitter, shall we.
I still have yet to understand why their stance on this matters in any way, but Goldman Sachs officially recognized Bitcoin as an asset class.
Meanwhile (a few days old, already, but I still want it in here), Peter Schiff ridicules Bitcoin for its currently x10 since the low versus Gold making miniscule profits.
Speaking of dips: Elon Musk and his buddies have joined the Team Plunge Protection™, fixing Bitcoin's "energy problem", fwiw.
Again, a day where we seem to trade only Elon. Similar to McAfee's appearance in crypto, I'm starting to wish he never joined our degeneracy. People are in full retard mode, buy and sell their BTC based on Musk's tweets and nothing makes sense, anymore. But ok, here we go:
Open tweet and scroll up a bit for lolz and read this for the reason why BTC takes a nosedive, right now. Well, at least my shitcoins don't go down. Buy my bags, Elon! 💪
I just cannot not write about this. This morning, I woke up and the whole web / Twitter was in full retard mode. What happened? Elon Musk revealed that Tesla will not accept Bitcoin payments anymore, because he's worried about the Bitcoin ecosystem's carbon footprint. He cited a few articles which have nothing scientific on them (yes, I read the whole shebang), just the general fud we all know by now:
Regarding his obviously new formed opinion, it's at least interesting to note that not long ago, he agreed to someone who stated that Bitcoin actually incentivizes mining on clean / renewable energy.
This guy has something on him where you don't know if you can trust him. I've had so many friends saying (years ago) that he's either the greatest genius or the biggest scammer on this planet. There is nothing inbetween. And I don't like such people. When I see someone, I wanna be able to asses what kind of person I'm dealing with. And somehow, this isn't possible with Elon Musk.
Honestly, I have no problem with people who see Bitcoin only as a way to make money. That's perfectly fine, Bitcoin is what you want it to be. Pick its properties which serve your purpose most and use it for that. This is what makes Bitcoin so great: it's versatile in many, many ways.
But holy fuck, Elon. You really don't have to shit in everybody's soup, just because you "made a discovery" (which I don't buy, either). You cannot at one point say that you gotta be careful, because you "just realized" that your tweets move markets [Note: I can't find that particular tweet, right now… maybe, I'll try to find it tomorrow, but now, I really wanna finish this article and go to bed, it's past midnight, already; for the time being, you can read more about this here], then constantly pump altcoins in ways which are almost as disgusting as McAfee's modus operandi, then agree that Bitcoin is incentivizing green energy because it fits yocan spam this timelineur financial needs in that particular moment, and then dunk on that one community which actually enjoyed your presence because you either have a short open or want to buy lower. This is asshole behavior.can spam this timeline
But there is one thing left to say (and to finally finish this article, which was supposed to only be a couple of lines, haha): thanks for showing your real face, I am pretty sure that the crypto community will not forget this.
It's been some time... during the past months, my incentive to write meaningless blogposts here was pretty low. Got quite a bit of things going on in this weird thing called real life, and boy, does it distract me from the bull market!
It's fine, though. I have my bags and I regularly spend time scooping markets for promising projects. Compared to 2016+, I'm spending much, much less time in front of the screen, but the results are the same – if not better. So far, everything I expected from 2021 came true, Altcoins are doing their thing, making higher highs and higher lows, and Bitcoin is sitting more or less stably in the 50.000$ area. Let that sink in for a moment. Fifty thousand US Dollars (at the time of this writing even 57.000$). Amazing.
Bitcoin being my main objective, my current exposure is still close to zero. Yes, I'm all in altcoins, and there's nothing you stupid maxis can do about it. 😀
So yeah, I'll try to write a bit more, here, in the coming time. It would be a shame to not keep track of everything that's going on, right now. Altcoin Season (and Tezos still shitting the bed whenever possible, lol), Bitcoin Season, Happy Season… Everything Season! 🚀
Oh, one more thing: I did something really retarded: I spend 500 fucking US Dollars for an emoji URL redirect. It's not decentralized, it's nothing great / new / disruptive. It's just a fucking URL redirect. I "bought" the emoji domain https://y.at/🍆💰🍆 and I feel pretty dumb about it. Not that it made me poor or anything, but I've paid it with my credit card, and it feels much more real than when you pay with gambling tokens a.k.a. Bitcoin or Altcoins. We'll see what happens. I'll just keep it in my mental trash bin which is large enough so I won't need to ever empty it, and who knows, maybe I'll find a greater fool who buys me out of my stupidity by paying even more money for this. ^^
Other than that, Tezos is pulling a Litecoin, even Ubisoft announcing that they're a baker now didn't move the price at all. My Haven (XHV) bag is doing fine and I expect it to break out anytime soon. Love their xAssets like xUSD, which are backed by XHV. Pretty clever concept, if you're interested in decentralized stablecoins, I suggest looking into it. Haven is basically a Monero fork which managed to implement colored coins, so they can reflect pretty much any asset which has a publicly accessible price feed (e.g. via oracle). This thing is likely to melt some faces.
Take care, stay healthy and enjoy the bull market!
My BTC endeavor: after having a drink or two yesterday, I bought a few shitcoins, again lmao. Plan generally still stands, but certain low sat coins are showing strength which is just too hard to ignore.
Bitcoin had another all time high at 34.700 USD and it shows no signs of stopping, yet. Not sure how much higher it can go, but the weekly candle looks just crazy.
Altcoins: let's have a word on Verge (XVG). Open its chart and scroll out as far as possible, maybe on the 4h or 1d chart.
Volume recently is more than intact.
It can't go much lower, really… it's currently trading at some 29 sat, and the potential upside could easily be an x10 to x30, fuck knows what else could happen.
If you manage to sit tight on your hands, this should be an easy hodl. This thing doesn't get bought up for nothing. I'm dead sure it will pump. 100%.
Other stuff: normally, I'm trying to keep this blawg less about my own stuff, but mainly about everything that's interesting in crypto. But right now, everybody's just watching Bitcoin (and DOGE lol), and it feels like not much is happening, really. But I'll switch back to the old style as soon as crypto allows for it.
My BTC endeavor: my target at 32.200 USD has hit, meaning I'm currently out of Bitcoin, waiting for The Dip™. I can see it going up another 1-2.000 USD, but then, we should get our correction. Max pain: a month or two, maybe it goes much faster, though. See chart below.
slowly unwind some of my altcoin positions against BTC: ✅
sell the BTC blow off top in the low 30.000 range: ✅
wait for BTC correction, then spot buy all BTC I can get (catching the knife, no problem without leverage): ❌
and then maybe, just maybe start a margin long, depending on how well I can catch the correction: ❌
…what I'm also going to do on January 1st (depending on available contracts and BTC price) is buy an option for a six figure BTC price on Deribit: ❌
Bitcoin has made yet another all time high and it's currently trading at 30.750 (update: 31.300 half an hour later) USD.
Comparing it with the previous run, we should slowly approach exhaustion, resulting in a major retrace.
Last time (May 2017, ±), we've had a retrace of ~30%.
In this rally, this would bring us in the low 20.000 range, but we'll have to see if we get there.
I'm expecting the current run to find its end roughly at 33.000 USD, and I have my sells set slightly below that.
I just called the local top. Gotta watch things carefull in the coming days; last rally when we touched 3.000, we've had 34 days of rest until we continued our mission to 20.000 USD:
Full resolution image is here. That equivalent dip (equivalent based on how far we're above the last all time high) had a correction of 38% and it lasted 34 days.
Altcoins: DOGE has had a decent pump from from its low at 15sat to 43sat, nice! As always, I was late to the party, but managed to short something close to the top on the USDT pair on Binance isolated margin and made an extra 8%. Nothing insane and it was just intended to be a quick, obvious flip, but I just had to take that chance. I love DOGE, but with all the supply and all that, it's just too heavy to deliver a longer, sustainable pump.
Most other altcoins look like total shit. Which is kinda sad, but expected, regarding Bitcoin's action. 33.300 USD was the current ATH, so yeah... guess I got tempted to try a few quick altcoin flips yesterday, which was – needless to say – not the best decision. Note to self: print that damn "STICK TO THE FUCKING PLAN" sign, finally!
Another year has passed. No need to talk about how shit 2020 was, so I'll leave that out. Ok, so yesterday, I've made a plan for the coming days / weeks, as well as for the entirety of 2021. Most who know me a bit know that I'm convinced we'll reach six figures in the coming year since at least 2017. I'm sometimes referring to this as #agenda2020+. I'm confident the top of the coming rally will be somewhere between 100.000 and 420.000 USD.
By the way: I'm currently working on an article on how to "protect" your KYC data using steganography. It's a precaution you can take to be able to identify services which sell your KYC data, get hacked or have your ID etc get into the wrong hands by other means. I'll probably release it soon™ in the blog section.
Here's my current trading status:
slowly unwind some of my altcoin positions against BTC: ✅
sell the BTC blow off top in the low 30.000 range: ❌
wait for BTC correction, then spot buy all BTC I can get (catching the knife, no problem without leverage): ❌
and then maybe, just maybe start a margin long, depending on how well I can catch the correction: ❌
…what I'm also going to do on January 1st (depending on available contracts and BTC price) is buy an option for a six figure BTC price on Deribit: ❌
Now the crypto stuff:
Bitcoin: We just had a small correction from above 29.000 USD (yay, new ATH lol) to 28.000 USD.
I don't think this is it, yet, and I'm expecting at least one more push.
The only thing I'm uncertain over is the new year thingy. I have absolutely no idea if it makes sense that other degens will dump crypto, today, to realize profits or losses for their taxes. It used to be a narrative in the past years, though.
For now, I'll wait and monitor the market closely. No need to FOMO dump just now.
I was generally unwinding my altcoin positions, but then found that 1inch looked insanely good. As I wanted to end this stupid year 2020 with at least something positive, I bought some at 4300sat (it's currently trading at 4800sat).
Today, we've had another run above 28.500 USD, taking out the recent ATH of slightly above 28.000 USD just a few days ago. 🚀
Pleb news are starting to increase their reporting over BTC. Still not much and totally expected, at this stage. But still not even close to anything resembling a possible top. 2021 will be good.
Here's me comparing the current state of the rally with early to mid 2017, when we were on our way to 3.000 USD. The charts almost look the same on the weekly, meaning even if it looks scary and the chart leads you to think it cannot go much further: we're still early and everything's working according to the plan. 🚀
I am, however, expecting a bigger correction, soon. The 2017 counterpart would be the dump from 3.000 to 1.900 USD… but with current FOMO levels, I'm not sure if we're able to get an equivalent of that (being a dump from ~30.000 to 19.000 USD). Just be careful; if you made a decent amount of money going in and out, it's surely a good time to secure some profits. You can always reenter on a dip, whatever size it will be.
I just figured I need a plan. We're currently very likely quite close to a correction, which always presents a major chance in a bull market. And I'm planning to make use of that. So, I sat down for half an hour and spent some time thinking about my best options. I don't wanna be stuck in stupid trades, again, missing out on a potential long because I'm stuck in shitcoins which are rekt because Bitcoin is doing Bitcoin things. This has happend to me A LOT, and to make proper use of the current rally, I need this to stop NOW.
My plan for the next days is:
slowly unwind some of my altcoin positions against BTC
sell the BTC blow off top in the low 30.000 range
wait for BTC correction, then spot buy all BTC I can get (catching the knife, no problem without leverage)
and then maybe, just maybe start a margin long, depending on how well I can catch the correction.
…what I'm also going to do on January 1st (depending on available contracts and BTC price) is buy an option for a six figure BTC price on Deribit.
I will try to update this, here… I'll probably copypaste the points into the next days' posts (if they're relevant; no point in doing that when nothing happens) and add notes to what happened.
Preparing for the next days, I've set my sells and alerts, sent some BTC to Deribit and then… we'll see how the rest goes. 🙂
In short: bots scan the network for transactions in places like Uniswap.
If they find a large enough transaction which has been broadcast, e.g. to buy an amount of x which would drive up the price of that asset, the bots front-run that transaction (by using a higher gas fee, incentivizing miners to include their transaction first) to buy at the still lower price.
Once the original transaction was executed (and drove up the price), the bots sell, again – for a profit.
Neolastics: liquid on-chain generative art. As I understand it: minting gets more expensive over time, and you can sell any time, even without counterparty… posted this for tomorrow, already (21 minutes left) and will probably write some more about it, later. 
CryptoRandy is at it again. This time, he's scamming the XRP community. He found someone on Twitter gullible enough to send him 110.000 XRP (at current prices around 20.000 USD) for "trading", took the money and blocked him.
Bitcoin is at 26.600 USD (had an ATH of over 28.000 just recently!) and altcoins are still showing strength at their bottoms. Most are at historic lows, and now that people got used to Bitcoin trashing any altcoin returns over the past two years, there's very little incentive to buy altcoins for many (or they just ran out of money). Exactly the same as in 2016/17. So what happens next?
Some projects will continue to fall.
If the overall market shows strength, here, identify these kinds of projects and avoid them.
Use simple tools to identify good buys:
Does the current low hold well?
Does the market show increased volume?
Do dips get bought up fast?
This is what I'm using to identify good buys for the next bull run. And I'd even go as far as saying that a proper altcoin season is practically inevitable... Bitcoin is already getting its run, and the more retail is buying Bitcoin, the more retail is buying altcoins. It's just how this cycle works. Let's make use of it.
I'm currently eyeballing / buying with the following:
Digibyte (DGB): is at historic low, volume is good and it is known for its insane pumps.
Viacoin (VIA): is sitting on a low which holds well so far, has casual insane volatility (someone's buying aggressively, and I assume it's not for no reason) and works well to increase overall bag size. Btw, if you're into buying dips, consider doing it right the fk now, 1030sat is a good price!
And some others like NANO (former RaiBlocks), Verge (XVG) and some smaller ones like DOCK, MITH and a few random ones which I won't buy a lot of.
I assume the lows I bought at will hold for a while. If I'm right about the market (I have been since 2016ish), we are currently at the stage millionaires are made at. To make the best out of it, I have set myself one simple rule: Don't sell at a loss! Yes, that's it. If you made good choices with your alt bags, it should be easy to sell most of them at a decent profit.
For anybody new to the game: expect a totally new kind of experience – there is nothing like altcoin season in digital life. Enjoy!
Yesterday (I know, old news is sooo exciting, right?), COVER fucked it up. They had a bug (?) in their smart contract's minting function, allowing for the generation of unlimited supply. Someone took advantage of it and sold iirc 16.000.000 USD worth of tokens. Then, GRAP chimed in and bailed them out. As a result, GRAP pumped from 0.05 USD to 0.80 USD.
This is a fucking special day: today, we've broken the old Bitcoin All Time High of ~20.000 USD
Yes, you read that right. Today was the day. Insane bullishness and then, it just happened. And we're still above 20k. Fanfuckingtastic. I'm so bullish on 2021 that it feels like I'm about to burst. No shit.
I haven't written much, recently. Reason is that I fell into a rabbit hole, again: music production. As some of you might know, I'm compulsively collecting sound gear, recently, and this grabbed my whole attention. Shitcoins are doing their thing, sometimes I'm buying some, sometimes I'm selling some. Nothing special, and while I think we're on the verge of a beginning altcoin season (which might last up to a year and beyond, in total), I figured that my trading is much, much better when I spend less time... trading. 😄
So that's it, basically. My main plays are currently NANO (bottomes out, looks like it'll pump, soon) and DCR (will also pump at some point, but has these insane single green candles), both promising projects which have more than proven their pumpabilities, so besides some wave trading with a small part of my overall bag, I'm basically just letting it ride. And I recommend you do the same.
Because remember: we're all future rich. All we have to do is hodl! 🚀
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.
Yes, I know, it's been a while – again – but I've written a new blog post about my DeFi experience.
What else is up? Just a week ago or two, we've had rug pulls left and right. All those shit projects which popped out of nothing, usually only with token amounts in the range of a few thousands, scammed their "investors" (or "gamblers", as I prefer to call them).
While we still read about a rug pull every now and then, the overall rugpullery seems to slowly decrease.
Oh, and people go mad about the elections in the US of A, taking place next Tuesday.
My guess: they will reelect Orange Squirrel Man, and they'll get to drive the Fump Truck for another four years.
Violence. Much Violence. I'm not sure if this is just a subjective impression, but with people getting more and more stupid over the years (there's proof of that, but I don't wanna bore you with a German text, here), they're also more and more willing to use violence.
Whatever the result of the elections will be, it won't end well.
The good thing is: the world is fucked anyway, so that's just another drip in the barrel of shit.
Regarding all this, I'm trying to avoid political topics in cryptoland. It doesn't always work, but I'll stick to my premise of not judging people based on their political views, even if they totally contradict mine. It's just part of Democracy, those with different opinions exist and everybody has to deal with it. Simple as that.
Last but not least: I'll try to write a bit more in the coming weeks. Crypto times are definitely getting interesting, again, and there should be a lot to write and laugh about.
Also, RE: Corona. last time, Bitcoin dumped to shit and dragged everything down. Right now, many countries are facing lockdowns and other severe restrictions, and economy will suffer. Right now, it doesn't look like Bitcoin is negatively affected by this (on the contrary, actually… many big investments have been made), but I'm not yet ready to bet on a moon. I still stick with #Agenda2020+, and right now, it looks like it might work out, but be absolutely careful. It takes very little to turn the market sentiment upside down, so be prepared! Take a little profit here and there, and don't get #rekt!
…and I'm right in the process of updating the box this website is hosted on, so if you see a blank page or something else doesn't work, you know I fked it up hehe. I normally don't run 'apt dist-upgrade' just like that, but I don't know... today, I felt like YOLO and I just did it. Let's see if this ends in a night of debugging or if it will just work. ^^
2020/09/11: SushiSwap: The exit scam which didn't happen
Chef Nomi, created the Uniswap alternative Sushi Swap
at some point, he conveniently dumped all his Sushi tokens (the native token he was supposed to add value to, not leech value from) for a nice bonus of 38.000 Ether (~14.000.000 USD at this time at 370 USD per ETH)
community was outraged, rightfully so
for me, this was a clear case: exit scam. Seen quite a few throughout the years, and it's something that happens in crypto, from time to time
But what did my sore eyes see today? Chef Nomi gave it back. Yes, you read that right. I'm not sure I have seen this during my past eight years in Cryptoland. Good move.
Oh, and now that we're talking #DeFi: I have found a great explanation on how DeFi actually works. I think I finally understand it!
I genuinely believe that we've reached a point where you can randomly buy everything which hasn't pumped, yet. Buy, hodl & wait for the pump, profit.
This is similar to what we've had in 2016ish, when everything pumped randomly before everything started pumping in orderly ways (high caps -> mid caps -> low caps -> shit tier)
Memories of 2017. I still recall how there were death threats toward the Cryptopia (RIP) team, who then decided to delist this coin when it was still RaiBlocks / $XRB. Then it got listed on BitGrail and Mercatox and shit went haywire. #neverforget
Just for the record: I bought 300.000 XRB dirt cheap and sold them for dirt cheap at ±0 profit, because I wanted to "free some resources to buy something else and buy back ASAP", which I never did. 😀
Qortal is approaching block 100.000 – we're live since ~2 weeks. The daemon as well as the UI are stable as fuck, they haven't crashed a single time. Good work, developers! So far, I'm very happy with everything, and I'm collecting rewards from my former QORA balance, as well as a decent minting account.
QORT will bring its own decentralized exchange in one of the next auto updates. Looking forward to it! 🤞
Trading currently takes place OTC on the discord. Had a few trades with different guys, so far no scam at all (yay) and plenty of nice talks.
Long time no see, folks! I've found some stuff I thought was worth blogging about, so here I am.
You'd also call the shrink on someone who says things like "At Twitter, the language we have been using in our code does not reflect our values as a company or represent the people we serve. We want to change that."? I sure as hell would, but the guys over at Twitter are dead serious about this.
Shitcoins are going up, btw! Still no season, but random ass pumps scattered across the field. I'm using a "buy whatever hasn't pumped, yet, and hodl till profit" strategy, works fine.
Oh, and guess what happened a few days, ago: no, pigs still can't fly. But Qortal has finally launched! To generate coins, go to the Qortal Discord and ask someone to sponsor you a minting account. 🙂
Good morning! What a great day, Bitcoin is moving up and Tezos also still wants more. Good… let's keep it that way for another while. Dune is keeping its buy support in the 0.025 USD range, which is great. Also, starting with block 217.088 (should be a bit later, today), the monthly burning of 10% of unused wallets starts today. There are different estimates on how it will affect the total supply, but most range around the 50% mark, which would be quite huge.
But I assume that, if FOMO materializes and DUN goes up, more and more people will start claiming their DUN before the whole idle supply will be burned. So, with each passing month, the rate of burnable coins might decline if there's anything close to a network effect in Dune.
What's up today? I've decided to write a bit more about my trades. Recently, the markets are seeing increased activity; not only did Bitcoin leave its 6.000+ range and is knocking on the door to 10.000 – shitcoins are pumping left and right, too. Well, "pumping". Of course, this is nothing compared to 2016+, but even the Bitcoin 2017 blow off top has started somewhere (in 2015). So, let's be patient and ride this on its way up to new ATHs. 😎
What I'm trading, currently:
XTZ (Tezos), but not really active. Hodling my bag and waiting for a proper moment to sell. Can't really say when that will be, could be days, could be weeks or more.
DUN (Dune Network), Tezos' first fork. Been accumulating this thing in the 0.01-0.014 USD range, and boy was that exhausting (and rewarding). At times, we've had a spread of 100% and more, and two weeks ago, it was easy to play that spread if you waited a day or two for your orders to fill. But now, nobody is willing to sell any coins, FOMO is slowly kicking in, we've moved from 0.01 to 0.027 USD and I'm pretty sure it hasn't even started yet. 🚀
BTC (Bitcoin, of course): I'm about to explore the ftx.com (ref link) move contracts, because I've often been good at predicting that a move will happen, but not so much the direction of that move. Will update the results, here.
Let's see how it goes. Lots of opportunities, there… I wouldn't go that far to use the s-word, yet, but we're on a good way. Markets have bleeded long enough!