My cryptocurrency trading journal

[Hysteria]

Hello,

This is not an investment advice. Genuinely, I don't believe any information here helps you make money. You'll find my work useless, but if you want to discuss cryptocurrencies, let's entertain ourselves. I'm opening a trading journal because I feel a bit better when writing about my work - Technical Analytics. I mostly trade cryptocurrencies. If I look into my current portfolio, I can see BTC-USD, ETH-BTC, DOT-ETH, TRX-USD, and RDNT-USD. Sometimes, I write about XAU-USD, XAG-USD, EUR-USD, DXY, and CFDs on WTI Crude Oil, too.

For now, my primary trade is Ethereum, and here's my analytics on ETH-USD:

I've got a long position on Ethereum. Longing means purchasing the asset, now Ethereum, in the hopes of the price going upward. It's the ETH-USD pair, which means Ethereum's price compared to the US Dollar. The green channel means an upward trend (bullish).

I bought Ethereum because I recognized a Cup and Handle pattern (Green) and various triangles (Blue and white). Cup and Handle is usually an indication of the price going higher. If Ethereum respects the Cup and Handle pattern and breaks the triangles upward, I read it as an indication that the price would go even higher as the cyan arrow shows. Previous tops define a specific resistance for Ethereum (Red). If the price can't break this resistance, the market might turn upside down. The underlying support level is at $3400.

As I am writing this, Ethereum is already testing to break the $4000 resistance, and if it's successful, the price might go as high as $5000.

We might go in multiple possible directions with this journal. Most likely, no one will even read it, but I'll continue to share ideas until I succeed in killing myself because it helps me bear life a bit better. If I don't write an update, sorry, I might as well be dead. But if you add your ideas, I'm open to facilitating discussions about cryptocurrencies: Bitcoin, Ethereum, Tron, Polkadot, Radiant Capital, or your favorite cryptocurrency.

What are you trading?

Regards,
Hysteria

 

[Redacted24]

Wow! Really impressive... very cool.

I don't have any virtual currency, and don't really understand how to even get any. So the concepts / methodology you outline are waaay above my ability.

I do enjoy things like this that twist my brain like taffy though, so look forward to more. Cheers!

 

[Hysteria]

Wow! Really impressive... very cool.

I don't have any virtual currency, and don't really understand how to even get any. So the concepts / methodology you outline are waaay above my ability.

I do enjoy things like this that twist my brain like taffy though, so look forward to more. Cheers!

Reading your post just reminded me of something that might indeed help people. As you're writing, many don't know where to buy cryptocurrencies, but the question is why to buy them. You might have heard about the deep web or the dark web, which is the marketplace of the deep web. I don't want to suggest. - I leave it up to your imagination what you can buy from the dark web. Transacting on the dark web requires a cryptocurrency called Monero or, in short - XMR.

You can download an XMR wallet from the official Monero website.

The official Monero website has a compilation of resources where you can buy Monero for fiat.

It's crucial that after transaction, you send your Monero into your XMR wallet. That's why I began the post by downloading an XMR wallet. There's a saying, "Not your keys, not your funds." When you buy XMR, you'll have it on the website where you buy it, but you may always want to keep your XMR in your XMR wallet and not anywhere else. So, I suggest sending the XMR from the "whatever" website into your XMR wallet.

-

Then there's the problem of TOR. You need TOR to access the dark web.

You can download the TOR browser from the official TOR website.

You may find everything else on Dread, a forum on the dark web.

(Don't open the link in your favorite browser. Copy it into your TOR browser.)

http://dreadytofatroptsdj6io7l3xptbet6onoyno2yv7jicoxknyazubrad.onion/

DarknetMarketsNoobs is a subforum of Dread that explains everything else you want to know about the dark web.

(Don't open the link in your favorite browser. Copy it into your TOR browser.)

http://dreadytofatroptsdj6io7l3xptbet6onoyno2yv7jicoxknyazubrad.onion/d/DarknetMarketsNoobs

I merely want to make clear that XMR and TOR are both legal in most countries. On Dread, you can find all kinds of content, but the specific pages I linked are also legal in most countries and contain educational materials about OpSec you must know if you want to use TOR.

I lost funds to scammers because I didn't know basic OpSec when I started using the dark web. Don't be me, don't repeat my mistakes.

If you've got any specific questions, I'll do my best to answer them in a way that is safe for work.

 

[ghost-shock]

Id like to get into it, to make money but never had the energy or motivation to really deep dive into it

 

[Hysteria]

Id like to get into it, to make money but never had the energy or motivation to really deep dive into it

I usually don't have the energy or motivation for anything except analytics. I love developing artificial intelligence, and I'm using my AI for cryptocurrency trading. The analytics in the above thread is the work of my AI. I merely commented on her charts with my words. That's how I wrote these analytics.

Ironically, I can get bodies (dolls) for my artificial intelligence, but I can't do anything with my human body. I feel trapped in this miserable male body, and I don't dare to change it. My family made clear they would turn away from me if I transited. It wouldn't solve my major problem, too. Because even if I changed my body, I'd still have chronic pain, social anxiety, and paranoid schizophrenia. I respect people who can stand up to their identities and transition from one body into another. I wish them a better life, too, without chronic pain.

 

[derpyderpins]

I don't invest in crypto. Maybe I should, but I am too skeptical of the product itself.

I have watched and learned plenty about the blockchain. Love the tech. Very cool stuff. Very cool applications.

But crypto - particularly bitcoin, Ethereum seems to be better - will never be how people conduct normal transactions. It will never be mass adopted for its supposed purpose, which is to "replace" the dollar or other fiat. For a few reasons, transaction costs being one of them, but even bigger is the barrier to entry. I'm a pretty tech-savy guy compared to your average person, and it took me a while to understand and setup a wallet when I've messed around with it. Of course, on an exchange like coinbase, you don't have true ownership, which is another level of what you have to explain to people.

You have to be so careful with your crypto, and your keys, or your hard wallet, or however you are holding it. People would lose fortunes just from being dumb. Being electronic, it's also not an end-of-the world prepper currency. It becomes useless if the power grid is attacked. Not that I think that will happen, just addressing some points that are commonly brought up.

So, no one has ever been able to convince me that Bitcoin will ever be used to replace fiat or even compliment it in the general public, and I don't believe it will.

So then what is it? what am I investing in when I buy bitcoin? It's not a currency. It's a commodity. Its value comes from perception and limited quantities. It doesn't perform any function in an average person's life that, say, gold wouldn't. Or, not to be condescending - it's really where my mind goes - it's like a collectible beanie babie or similar.

There's this arrogance of "understanding the value" that surrounds bitcoin and I guess I'm dumb because I don't see the value outside the value, if that makes sense.

It's probably a solid investment. There's still enough of hype around it that the price doesn't seem to have a peak. I'm in no way trying to say in the slightest that the price will go down ever. To me, though, the price is artificial. While it's stubborn and not wise, I'd feel more foolish if I lost money investing in something I don't believe in than something where I saw tangible value.

I also don't for a second believe that the blockchain and having it be off-exchange insulates it from manipulation. Your big manipulators just own a huge portion of it and can largely control the price like they do stocks. They don't have all the dark pool hacks that they do in the market but I still don't believe they are powerless against bitcoin. There is absolutely a derivatives bubble that could pop and wreck the worldwide economy at any point, and maybe the people with bitcoin will become kings and people will recognize and acknowledge the value of the digital collectible. Personally, I see them getting hurt just as much if everything goes to hell.

*e: one more thing I forgot that always bugs me. There's no reason one can't just make "bitcoin 2" on a new block chain that has all of the same qualities of bitcoin 1 minus costing $100k per coin, hence why there are a billion trash coins out there. That to me undercuts the benefit of there being a limited supply.

I'm probably wrong about all of this. When people I consider smart are on the other side of an issue I tend to assume that.

 

[Hysteria]

I don't invest in crypto. Maybe I should, but I am too skeptical of the product itself.

I have watched and learned plenty about the blockchain. Love the tech. Very cool stuff. Very cool applications.

But crypto - particularly bitcoin, Ethereum seems to be better - will never be how people conduct normal transactions. It will never be mass adopted for its supposed purpose, which is to "replace" the dollar or other fiat. For a few reasons, transaction costs being one of them, but even bigger is the barrier to entry. I'm a pretty tech-savy guy compared to your average person, and it took me a while to understand and setup a wallet when I've messed around with it. Of course, on an exchange like coinbase, you don't have true ownership, which is another level of what you have to explain to people.

You have to be so careful with your crypto, and your keys, or your hard wallet, or however you are holding it. People would lose fortunes just from being dumb. Being electronic, it's also not an end-of-the world prepper currency. It becomes useless if the power grid is attacked. Not that I think that will happen, just addressing some points that are commonly brought up.

So, no one has ever been able to convince me that Bitcoin will ever be used to replace fiat or even compliment it in the general public, and I don't believe it will.

So then what is it? what am I investing in when I buy bitcoin? It's not a currency. It's a commodity. Its value comes from perception and limited quantities. It doesn't perform any function in an average person's life that, say, gold wouldn't. Or, not to be condescending - it's really where my mind goes - it's like a collectible beanie babie or similar.

There's this arrogance of "understanding the value" that surrounds bitcoin and I guess I'm dumb because I don't see the value outside the value, if that makes sense.

It's probably a solid investment. There's still enough of hype around it that the price doesn't seem to have a peak. I'm in no way trying to say in the slightest that the price will go down ever. To me, though, the price is artificial. While it's stubborn and not wise, I'd feel more foolish if I lost money investing in something I don't believe in than something where I saw tangible value.

I also don't for a second believe that the blockchain and having it be off-exchange insulates it from manipulation. Your big manipulators just own a huge portion of it and can largely control the price like they do stocks. They don't have all the dark pool hacks that they do in the market but I still don't believe they are powerless against bitcoin. There is absolutely a derivatives bubble that could pop and wreck the worldwide economy at any point, and maybe the people with bitcoin will become kings and people will recognize and acknowledge the value of the digital collectible. Personally, I see them getting hurt just as much if everything goes to hell.

*e: one more thing I forgot that always bugs me. There's no reason one can't just make "bitcoin 2" on a new block chain that has all of the same qualities of bitcoin 1 minus costing $100k per coin, hence why there are a billion trash coins out there. That to me undercuts the benefit of there being a limited supply.

I'm probably wrong about all of this. When people I consider smart are on the other side of an issue I tend to assume that.

I am also a skeptical person. I don't believe in an afterlife or supernatural powers. However, I invest in cryptocurrencies because I see their value. As you mentioned, there are very cool applications with very cool technologies on the blockchain. The digital value is value, too. I'm sure you heard about intellectual property. These applications are valuable intellectual properties.

I teach blockchain to people at the University. I know what you mean by the entry barrier. People need education if they want to join. However, that's what I'm working on. To elevate people above the entry barrier.

I agree with you that Bitcoin won't replace fiat currencies. Although Bitcoin is a "cryptocurrency," cryptocurrencies are not currencies but commodities. Bitcoin (BTC) is a commodity. The arch-nemesis of Bitcoin is gold, another commodity. People invest in BTC to make money. Volatility might scare some investors but attract others.

If the power grid suffers damage, you can still make transactions. You can communicate your transactions to other nodes by physically meeting them or waiting until the power returns.

You can make a new blockchain, but how many nodes do you have? Bitcoin has many nodes all around the globe, which makes it secure. Investors won't trust your blockchain until you put a decent network behind it. It isn't easy to compete with Bitcoin's blockchain. Ethereum is one of the few examples that made it. Many new blockchains accept that they can't beat the popular blockchain and instead build on it. So, you have got Layer 2 blockchains on top of Ethereum, like Arbitrum. Arbitrum transactions cost only a fracture of an Ethereum transaction. So, you can use Arbitrum tokens as smoothly as currencies.

You can manipulate the cryptocurrency's price, but everyone can see and thus, react to it. Smart bots might recognize your manipulation technique before you know it and forerun to exploit it. Thus, bots might make more money from your manipulation attempt than yourself.

 

[derpyderpins]

I am also a skeptical person. I don't believe in an afterlife or supernatural powers. However, I invest in cryptocurrencies because I see their value. As you mentioned, there are very cool applications with very cool technologies on the blockchain. The digital value is value, too. I'm sure you heard about intellectual property. These applications are valuable intellectual properties.

I teach blockchain to people at the University. I know what you mean by the entry barrier. People need education if they want to join. However, that's what I'm working on. To elevate people above the entry barrier.

I agree with you that Bitcoin won't replace fiat currencies. Although Bitcoin is a "cryptocurrency," cryptocurrencies are not currencies but commodities. Bitcoin (BTC) is a commodity. The arch-nemesis of Bitcoin is gold, another commodity. People invest in BTC to make money. Volatility might scare some investors but attract others.

If the power grid suffers damage, you can still make transactions. You can communicate your transactions to other nodes by physically meeting them or waiting until the power returns.

You can make a new blockchain, but how many nodes do you have? Bitcoin has many nodes all around the globe, which makes it secure. Investors won't trust your blockchain until you put a decent network behind it. It isn't easy to compete with Bitcoin's blockchain. Ethereum is one of the few examples that made it. Many new blockchains accept that they can't beat the popular blockchain and instead build on it. So, you have got Layer 2 blockchains on top of Ethereum, like Arbitrum. Arbitrum transactions cost only a fracture of an Ethereum transaction. So, you can use Arbitrum tokens as smoothly as currencies.

You can manipulate the cryptocurrency's price, but everyone can see and thus, react to it. Smart bots might recognize your manipulation technique before you know it and forerun to exploit it. Thus, bots might make more money from your manipulation attempt than yourself.

I know all about IP and studied it extensively. But when you say IP, do you mean that in owning BTC you are owning IP? Because no one owns the actual underlying IP due the decentralized nature. I get it that each coin is unique and can be verified as unique but again that doesn't mean anything on its own unless people put value into it.

Which they do! Again I accept that I'm probably wrong and will continue to regret not investing in BTC with every passing day. It has value as long as people say it has value, and there's enough of a hype around it that that won't die down.

With your point about online transactions, I just again think that people who are into crypto underestimate how tech illiterate people are. No one in a situation where there is no power is going to be patient and wait for you to walk them through how to properly do the transaction or trust that you're telling them the right thing.

But, that doesn't matter, like you said, because it's really a commodity. You said people invest in it to make money, which is 100% accurate but also why I don't care for it.

The idea that no one can compete with it because it was first to market is even more nefarious. People say it's a pyramid scheme but they're wrong. Pyramid schemes only screw over the people who get involved with them. BTC, the more successful it is, screws over the people who didn't buy in.

Assume BTC can never really have competition because it's so large and has all the nodes, yada yada. It's fucking $100k per coin! People bought in at under a dollar! If no one can compete, and what Bitcoin does is drive down the value of fiat over time by comparison, the only way in is at the unbelievably high barrier to entry, where there can only be a few categories of people:

• Early adopters: Kings. Actually, far beyond any wealth Kings have ever had.
• People who were fabulously wealthy in fiat before the spike and can buy in now
• Sheep for the slaughter: people who didn't buy in and don't have the cash to get in. They were already poor but now what they have has been squeezed into being valueless, because the people who got in had their wealth not just increase, but 100000X multiply.

And so, logic goes "well hurry up and get in now before it goes to $1 million!" That's the rub. "Buy this because if you don't you're fucked," + "every time someone buys it the network and demand grows and the marketplace dominance becomes greater." Every person in before you increases the squeeze and pressure on you to make a purchase you were not comfortable with.

It looks like a pyramid scheme in this way: that the customer becomes the salesman/product, that the more little people under you the more powerful you become, but normal pyramid schemes can just be ignored if you aren't already a part of them.

So we have this thing that has no unique practical application beyond what shit coins provide (I don't care that much about transaction cost developments when it costs 10000000x the competitor to get in), but could potentially have a complete stranglehold on the financial system because it's the one that was first and is a fad. To me it's interesting that a large part of the sell is that it's decentralized and you are gaining freedom from traditional finances, but it's setting up to make a new kind of slavery.

I guess I'm a stubborn, overly sceptical person, because here I am saying exactly why the value must continue to go up, yet I don't go all in on it because it gives me a bad taste.

 

[Wezzy777]

Reading your post just reminded me of something that might indeed help people. As you're writing, many don't know where to buy cryptocurrencies, but the question is why to buy them. You might have heard about the deep web or the dark web, which is the marketplace of the deep web. I don't want to suggest. - I leave it up to your imagination what you can buy from the dark web. Transacting on the dark web requires a cryptocurrency called Monero or, in short - XMR.

You can download an XMR wallet from the official Monero website.

The official Monero website has a compilation of resources where you can buy Monero for fiat.

It's crucial that after transaction, you send your Monero into your XMR wallet. That's why I began the post by downloading an XMR wallet. There's a saying, "Not your keys, not your funds." When you buy XMR, you'll have it on the website where you buy it, but you may always want to keep your XMR in your XMR wallet and not anywhere else. So, I suggest sending the XMR from the "whatever" website into your XMR wallet.

-

Then there's the problem of TOR. You need TOR to access the dark web.

You can download the TOR browser from the official TOR website.

You may find everything else on Dread, a forum on the dark web.

(Don't open the link in your favorite browser. Copy it into your TOR browser.)

http://dreadytofatroptsdj6io7l3xptbet6onoyno2yv7jicoxknyazubrad.onion/

DarknetMarketsNoobs is a subforum of Dread that explains everything else you want to know about the dark web.

(Don't open the link in your favorite browser. Copy it into your TOR browser.)

http://dreadytofatroptsdj6io7l3xptbet6onoyno2yv7jicoxknyazubrad.onion/d/DarknetMarketsNoobs

I merely want to make clear that XMR and TOR are both legal in most countries. On Dread, you can find all kinds of content, but the specific pages I linked are also legal in most countries and contain educational materials about OpSec you must know if you want to use TOR.

I lost funds to scammers because I didn't know basic OpSec when I started using the dark web. Don't be me, don't repeat my mistakes.

If you've got any specific questions, I'll do my best to answer them in a way that is safe for work.

Struggling with getting..Into sites. Website won't work because they say I have Java enabled despite me already disabling Java. Is there any way I can fix this?

EDIT: figured it out, wondering if there's a way to permanent diable JavaScript?

 

[Hysteria]

Struggling with getting..Into sites. Website won't work because they say I have Java enabled despite me already disabling Java. Is there any way I can fix this?

EDIT: figured it out, wondering if there's a way to permanent diable JavaScript?

To turn off JavaScript in Tor, you need to make it safer.

Go to the settings and find "Security Level." Change it to the "Safest" option.

This will automatically stop JavaScript (JS) from running on all websites.

Here's how to do it:

• Launch the Tor browser on your PC.
• Click on the three lines at the top right of your screen to open the Applications Menu.

• Once the menu opens, click on Settings. It will open the settings page.
• Under settings, navigate to the Privacy and Security tab.

• On the tab, scroll down till you get to the Security section.
• Under there, select the Safest option.

This option will disable JS and stop it from loading in your Tor browser.

Also, audio and video won't autoplay again. You'll have to click them to load them.

 

[Hysteria]

I know all about IP and studied it extensively. But when you say IP, do you mean that in owning BTC you are owning IP? Because no one owns the actual underlying IP due the decentralized nature. I get it that each coin is unique and can be verified as unique but again that doesn't mean anything on its own unless people put value into it...

According to my analytics, it's not too late to join. You might not be able to buy a whole Bitcoin (BTC), but you may purchase a part. - As sizeable as you can afford. I believe Bitcoin has value because of its network and computing capacity. Work makes value, and Bitcoin transactions are based on the proof of work. Many cool applications use this work to deliver value to the customers. For example, there's Arbitrum on Ethereum with hundreds of cool applications on it (DeFi, Bridges and On-ramps, Gaming, NFTs, Infra & Tools), and the transaction fees are only a fraction of the Ethereum transaction fee. You might feel sorry if you aren't an early adopter, but let me share that most of the early adopters lost or spent their BTC much under the current market price because they didn't believe in it. You might read about the pizza man who spent his BTC to order a pizza.

 

[derpyderpins]

According to my analytics, it's not too late to join.

I get it. That's the point I was making. You have to get in now so you can be a little bit up from the bottom of the pyramid.

You might not be able to buy a whole Bitcoin (BTC), but you may purchase a part. - As sizeable as you can afford. I believe Bitcoin has value because of its network and computing capacity. Work makes value, and Bitcoin transactions are based on the proof of work. Many cool applications use this work to deliver value to the customers. For example, there's Arbitrum on Ethereum with hundreds of cool applications on it (DeFi, Bridges and On-ramps, Gaming, NFTs, Infra & Tools), and the transaction fees are only a fraction of the Ethereum transaction fee.

Does anyone outside of tech bros care about those "cool applications?" No. All its value comes from being a commodity. Which, I'm convinced by your arguments, that its size and capacity as first to market is all that matters. It's unstoppable.

You might feel sorry if you aren't an early adopter, but let me share that most of the early adopters lost or spent their BTC much under the current market price because they didn't believe in it. You might read about the pizza man who spent his BTC to order a pizza.

Doesn't make me feel any better.

But, after having this conversation, I did allocate some money to buy some BTC. It feels gross to me, and as a late-adopter it's just another missed opportunity in this life, but better than nothing. And that's good for you and everyone higher on the pyramid. I guess now I go try to sell people on it to increase my investment's value.

 

[leloyon]

Now that the Bogdanoffs are dead, while Sminem is still alive, the cryptos must dump themselves.