Utopia Talk / Politics / Crypto Journal

nhill Member	Tue Jul 13 19:35:19 Last Thread: http://uto...hread=88342&time=1626222157247 tl;dr: I'm trading with 1-2% of my cryptocurrency. I don't invest in cryptocurrency. I use DeFi as my savings account. I invest in macro-themed portfolios that change as the macro winds blow. I adjust it around every 6-8 months approximately. I think Bitcoin is stupid. Trading Performance June 29th-July 13th: BTC: -9% nhill: +7.28% counting DEX fees. +9.73% on raw performance. One open trade on $ETH from $1980 right now. Looking to dollar cost average it around $1700 if we can get there.
nhill Member	Tue Jul 13 19:37:04 Why am I trading? It's a fun game. Also doing it in public like this allows me to share the things I've learned in real time, and y'all can verify my receipts. No bullshit, just charts and numbers.
nhill Member	Tue Jul 13 19:37:12 Rugian You cheeky fucker.
nhill Member	Tue Jul 13 19:39:07 > I invest in macro-themed portfolios that change as the macro winds blow. I adjust it around every 6-8 months approximately. Here is my stock portfolio (this is where I put all my investment that isn't tax-sheltered...I have other funds for that stuff) http://m1.finance/TXqW-nJ2yMYd
nhill Member	Tue Jul 13 19:40:06 That is my stock portfolio as of July 1st, 2021. I made my first adjustment since last November this month.
nhill Member	Tue Jul 13 19:45:03 Right now my portfolio is pretty much hitting the market. It's up +0.9% since July 1st, and S&P500 is up +1.0%. Happy with that so far, as it's really designed to weather the upcoming season and heavy on the dividends (has a 3.3x bigger dividend than the S&P 500). I'll almost certainly beat the market again as I've done for 4 straight years. But don't believe. My receipts are already posted. We'll see. :)
nhill Member	Tue Jul 13 19:47:50 BTW, I am not trading to make money. It's not an income stream and if I lost it all, I would not care anymore than losing it at the roulette table. It's all good as long as I'm having fun. I am investing to make money. If my portfolio underperforms the market I will be very disappointed in myself, but will most certainly analyze why and learn from it. I'm a macro guy, so my bread and butter is getting the calls right once or twice a year max.
OsamaIsDaWorstPresid Member	Wed Jul 14 06:47:53 rofl nhil spamin his own thred
nhill Member	Wed Jul 14 07:35:11 Sit down and shut up. Final warning.
nhill Member	Wed Jul 14 07:36:06 It's my journal, I'll spam this fucker to 100. Not a thing you can do about it.
Nimatzo iChihuaha	Wed Jul 14 07:54:30 I am 90% sure he is dukhat, 10% it is Daemon.
nhill Member	Wed Jul 14 08:43:23 Yea, probably. He's secretly a closet right-winger and this is his only outlet.
OsamaIsDaWorstPresid Member	Wed Jul 14 11:01:53 rofl crypto ppl wuz dis u http://www.youtube.com/watch?v=QAiWmBbru6s
nhill Member	Wed Jul 14 11:46:06 Not going to watch all that. But I’m happy for you. Or sorry that happened.
OsamaIsDaWorstPresid Member	Wed Jul 14 14:49:02 "this is his only outlet." not tru there r betar forums than UP leik http://www.chimpout.org/forum/
nhill Member	Wed Jul 14 21:06:41 Excellent, run along now.
OsamaIsDaWorstPresid Member	Wed Jul 14 23:13:45 rofl ur cryipto is crashin agein howz it goin holdin crashin coins rofl 28k heer we cum
OsamaIsDaWorstPresid Member	Wed Jul 14 23:16:03 do u taek pride in bein a dickblanket
nhill Member	Wed Jul 14 23:36:06 I’m hoping ETH can get down to about the $1700 range. $BTC is pretty likely to drop hard under 30K sometime soon if we can’t break 40K. Tired of repeating myself? Nah. I’m good. Charity for you. God knows you need it.
Nimatzo iChihuaha	Thu Jul 15 04:17:44 Nhill As for indicators apart from resistance/support bands, previous price action and the stuff going on directly in candlestick charts: RSI MACD Moving average Volume oscillator There are so many, what indicators do you think are useful?
Nimatzo iChihuaha	Thu Jul 15 04:23:49 Also of course if there are specific settings for the indicators for crypto in general you use.
Nimatzo iChihuaha	Thu Jul 15 04:29:35 Nhill "Tired of repeating myself?" You really do not need to, certainly not for the benefit of posters who do not even have the balls to hide behind 1 layer of anonymity. Your openness and due diligence correcting even the smallest mistakes you make is appreciated, but ultimately wasted on such people.
OsamaIsDaWorstPresid Member	Thu Jul 15 07:47:15 nimzo furiuslie working nhils cok rofl r u about 2 drop ure wife 4 him
Average Ameriacn Member	Thu Jul 15 12:29:43 USA will soon rule the crypto market: nuclear coin! http://www...acility-and-data-center-in-us/ Talen Energy to build 300MW nuclear-powered cryptomining facility and data center in US Energy company planning to bring Susquehanna Hyperscale Campus online in Q2 2022 US power company Talen Energy is planning to develop a nuclear-powered cryptomining facility and data center adjacent to a nuclear power plant in Pennsylvania, that could grow to 300MW. Talen Energy formed Cumulus Data in 2020 to ‘invest in opportunities created by the convergence of digital infrastructure and power’. A spokesperson for Talen said Cumulus is a subsidiary of Talen Energy and has two separate businesses; Cumulus Data, focused on hyperscale; and Cumulus Coin, focused on digital currency mining. The company is looking to develop the Susquehanna Hyperscale Campus (SHC) in Berwick, on undeveloped land next to Talen Energy’s Nuclear-powered Susquehanna Steam Electric Station (SSES) in Salem Township, Luzerne County. Talen says the first phase of development will have 164MW of capacity, but when complete will have 300MW of on-site power supported by dual 1+GW nuclear units and two independent substations, with further potential to expand to 1GW capacity in the future if needed. The project is due to come online in Q2 2022.
nhill Member	Thu Jul 15 19:55:38 http://i.imgur.com/hFgwuzh.png
nhill Member	Thu Jul 15 19:56:26 http://i.imgur.com/6uQtUDz.png
nhill Member	Thu Jul 15 19:59:07 Nim Here's the full list of indicators I cross-reference before making a big move. My most used ones are Bollinger Bands, Session Volume HD, Divergences v4, VWMA, Volume, and Exponential Moving Average. But really, technical analysis just helps for confirmation bias and entry timing. Level to level plays are the best way to make money trading.
nhill Member	Thu Jul 15 20:00:24 I'm making simple calls here, basically trading signals. In my actual PA I'm much more sophisticated, scaling in and out of positions on level by level plays. But I'm not showing how to manage a portfolio in this Journal. Just providing basic signals.
nhill Member	Thu Jul 15 21:20:38 Short BTC @ 31997
nhill Member	Thu Jul 15 21:21:06 Still have a long position on ETH @ $1980 Going long short now to play the vol.
nhill Member	Thu Jul 15 21:23:33 $32100 was my level by level play on $BTC. Aiming for $31631 for a little 1% scalp to keep extracting alpha while waiting for $ETH to appreciate.
nhill Member	Thu Jul 15 23:18:09 Nim My next exploration will be Solana. Been heavily researching it and it looks interesting enough for me to focus on for a while. Just like last time when I transitioned from Eth -> Polygon, I'll be moving things over very slowly. No guarantees I'll stick with Solana. I highly doubt I will. It's an Ethereum competitor instead of Ethereum leverager like Polygon, and I have a firm belief in the Ethereum network effects. But I have no bias. It looks like the best competitor so it's prudent to explore.
nhill Member	Fri Jul 16 01:20:27 Closing @ 31631
nhill Member	Fri Jul 16 01:24:53 Open @ $31997 Close @ 31631 Profit @ 1.15% Profit-DEX Fees @ 0.9%
nhill Member	Fri Jul 16 01:26:27 So what I'm doing here is waiting for ETH to get the $1700, at which point I'll double my position. If we get to the top of one of my $BTC levels I'll short with that money I've saved up for the dollar cost average on ETH. That way I can continue to extract some alpha on the crypto price action while awaiting my preferred target to dollar cost average.
nhill Member	Fri Jul 16 01:29:13 Nim I think the logical next question for you to ask is how I find the levels.
nhill Member	Fri Jul 16 02:35:40 Shorting @ 31619 Playing the next level as we didn't bounce.
nhill Member	Fri Jul 16 02:40:28 Also I'm going to sleep. We'll see where we are when I wake up but looks bearish for now. If I was really trying to make money I'd close the position before bed, but hey. Let's have some fun.
Nimatzo iChihuaha	Fri Jul 16 03:30:07 Indeed, please explains this level to level thing :)
nhill Member	Fri Jul 16 04:07:38 I'm supposed to be in bed but my alert went off at $31426 and woke me up. Still not selling, fuck it. We goin' down. Will add more later!
nhill Member	Fri Jul 16 04:09:02 And buy selling, I mean closing my short from $31619. $31426 was a critical level to me that increases the likelihood that we go to $30460. But I probably should have not set such a tight alert. Sleep would have been more valuable.
OsamaIsDaWorstPresid Member	Fri Jul 16 04:26:47 rofl down it goez again da tiktok retardz r stil saying bitcoin iz about 2 bounse 2 100k
Nimatzo iChihuaha	Fri Jul 16 07:04:18 I made some ETH trades in the previous days, long. In 2010 Out 2040 In again 1970, currently being patient :D Will buy more ETH at 1700 range.
nhill Member	Fri Jul 16 09:25:26 Closing short at 31851. Of course it rallied when I slept, wish it was easier to limit order on DEX.
nhill Member	Fri Jul 16 10:31:46 So I've been doing a deep dive into a bunch of different crypto projects and came up with a portfolio that I'd buy at today's prices: 30% $ETH 15% $BTC 10% $LINK 10% $SOL 10% $MATIC 5% $CRV 2% $1INCH 2% $BNT 2% $ICP 2% $KAVA 2% $KNC 2% $LRC 2% $NEAR 2% $REN 2% $UMA 2% $ZRX That would be what I'd buy and how I'd compose right now. I'm not actually buying it because: a) I'm sticking with cash (too much chance of another big drop for my risk appetite) b) I prefer to invest in stocks over crypto But I'm going to track this and see how well I do. :) $ETH: Despite BSC & Polygon competition it has ~6x more quality projects than both combined. $BTC: Hedge. Slow, boring, but the most guaranteed. $LINK: Critical to all things. $SOL: Best $ETH competitor. $MATIC: Best $ETH leverager. $CRV: Most solid DeFi project. The rest are a mix of novel use cases with decent tokenomics.
nhill Member	Fri Jul 16 10:32:06 Not investment advice, but thought I'd share.
nhill Member	Fri Jul 16 10:34:17 Short @ 32111
nhill Member	Fri Jul 16 10:46:18 ETH: $1907 BTC: $32,000 LINK: $15.7 SOL: $28.09 MATIC: $0.85 CRV: $1.47 1INCH: $2.08 BNT: $2.88 ICP: $34.76 KAVA: $3.97 KNC: $1.33 LRC: $0.21 NEAR: $1.92 REN: $0.32 UMA: $8.74 ZRX: $0.64
nhill Member	Fri Jul 16 11:25:38 Oh and I haven't forgot about the level question. Just not feeling up to answering it fully at the moment. Didn't sleep well last night, our dog was restless as hell for some reason.
Nimatzo iChihuaha	Fri Jul 16 11:31:35 Of course, at your leisure :-)
OsamaIsDaWorstPresid Member	Fri Jul 16 11:45:39 "ICP: $34.76" rofl ure buyin dat crap aftar it crashid from leik 500 rofllllll
nhill Member	Fri Jul 16 11:52:46 Not buying it. I don't invest in crypto. But yes, now ICP is in the value area. Cheap prices make good entry points.
nhill Member	Fri Jul 16 16:15:16 Close @ 31724
nhill Member	Fri Jul 16 16:18:43 Open Short @ 31619 Close @ 31851 Profit @ -0.7% (lost money on that one) Open Short @ 32111 Close @ 31724 Profit @ +1.2% Woo made up for the miss while I slept.
nhill Member	Fri Jul 16 16:26:59 Sweet exit off my level to level play. Look at how it bounced now ($31710 was my level)! I would have shorted again if it stayed under $31710 and bounced the wick off it a few times, as support would have then become resistance. That didn't happen, so now I'm going to let it ride back to my next level around $32,100.
nhill Member	Fri Jul 16 16:38:19 I could be making so much money using limit orders on Binance right now. But using DEX is another part of the challenge & a test of DeFi...decisions. Should I make more money or keep my coins safe and use DeFi to trade?
nhill Member	Fri Jul 16 16:43:27 Trading Performance June 29th-July 16th: BTC: -11.9% nhill: +11.13% S&P 500: +0.86% Screw subtracting the DEX fees each time. Too much effort. But if y'all want to sub the fees feel free. I'll do it every new thread. Rugian Time in market is better than timing the market, huh? ;) Made 11.13% in 18 days. Good luck replicating.
nhill Member	Fri Jul 16 18:16:28 Okay, now $BTC is dipping under my level. It will most likely retest $31700 again and I'll short this time. Should I have kept my short on from earlier? IMO, no. Gotta see the action before making the commitment in order to successfully trade. That means you'll always miss some moves, but you'll make a high % of wins. Takes discipline.
nhill Member	Fri Jul 16 18:20:21 More times than not we'll see a retest of a level. But not always. Sometimes it'll straight dump or go parabola through resistance.
nhill Member	Fri Jul 16 18:37:16 Short @ 31453 Didn't get a chance to snipe the last level, but this one could be a big one.
OsamaIsDaWorstPresid Member	Fri Jul 16 21:26:47 41270 rofl y r u alweys rong
nhill Member	Fri Jul 16 21:47:36 ?
LazyCommunist Member	Sat Jul 17 05:23:22 http://twitter.com/ummjackson/status/1415353989323841537 Jackson Palmer@ummjackson Cryptocurrency is like taking the worst parts of today's capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person. 6:54 PM · Jul 14, 2021 http://www.cnbc.com/2021/07/14/dogecoin-co-creator-jackson-palmer-criticizes-the-crypto-industry.html The co-creator of dogecoin explains why he doesn’t plan to return to crypto: It’s ‘controlled by a powerful cartel of wealthy figures’ Published Wed, Jul 14 2021 Jackson Palmer, the co-creator of the meme-inspired cryptocurrency dogecoin, made a rare return to Twitter on Wednesday with some harsh words about crypto in general. “I am often asked if I will ‘return to cryptocurrency’ or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted ‘no,’” Palmer tweeted on Wednesday. In 2013, Palmer and Billy Markus created dogecoin as a joke based on the “Doge” meme, which portrays a shiba inu dog. Markus and Palmer didn’t intend for dogecoin to be taken seriously. But the coin has recently taken off, and dogecoin is currently one of the top 10 cryptocurrencies by market value. Earlier this year, it hit an all-time high of nearly 74 cents. Despite its recent surge in popularity, Markus and Palmer haven’t profited, as they both sold out before dogecoin’s meteoric rise. In his Twitter thread, Palmer criticized those in power in the cryptocurrency space, saying that it is “controlled by a powerful cartel of wealthy figures” who “have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace.” Palmer also criticized how crypto is shared and marketed. In another tweet, he alleged that “the cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like ‘get rich quick’ funnel designed to extract new money from the financially desperate and naive.” Palmer admits this type of “financial exploitation” existed before cryptocurrency, but says he still believes that the crypto industry hurts the “average” people who join it. He also believes it is susceptible to fraud, similar to other cryptocurrency critics. Supporters of cryptocurrency see things differently. For example, bitcoin, the largest cryptocurrency by market value, was made to be a decentralized, peer-to-peer financial system. It is seen by its holders as a hedge against inflation, among other things. In response to Palmer’s thread, Markus, dogecoin’s other co-creator, tweeted that Palmer’s “points are generally valid.” “There’s a lot of terrible people who are involved in the crypto space, and I completely understand why he would feel negative about it,” Markus wrote. “I understand his perspective and we both saw mostly the negative side of all this,” he said in another tweet. Markus has been much more active on social media, despite not currently being involved with dogecoin’s development. “The crypto community can be pretty elitist and not very inclusive, and we wanted to make a community that was more fun, lighthearted and inclusive,” Markus previously told CNBC Make It about creating dogecoin. “It worked, and is why the dogecoin community consistently maintains a presence.”
nhill Member	Sat Jul 17 07:24:50 Close @ 31448 Not really moving.
nhill Member	Sat Jul 17 07:37:51 Jackson Palmer neatly explained why cryptocurrency needs more regulation, as I've said since the beginning. Without regulation, markets get manipulated by those with deep enough pockets to do so. This has been demonstrated since the beginning of time. That's really the only point he's making. It's a good point, but not new at all.
Dukhat Member	Sat Jul 17 10:03:29 And Nhil, whose financial footprint is tiny wants to wade into waters full of sharks with shitty meme-level understanding of economics. Ok retard.
nhill Member	Sat Jul 17 10:39:47 Good to see you too!
nhill Member	Sat Jul 17 11:16:26 The truth is, for anyone curious, is that you don’t have to deal with the manipulation if you stick with basic DeFi. The regulation is needed for investing/trading, and is why I don’t recommend doing it. I’m dealing with it now trading for fun, but I don’t take it seriously. I know such subtlety is too much for your…what level understanding is yours if mine is meme-level? I guess we’d call it non existent.
nhill Member	Sat Jul 17 11:17:39 http://i.imgur.com/BBcQNHN.png
nhill Member	Sat Jul 17 12:46:45 Short @ 31688
nhill Member	Sat Jul 17 16:59:52 Can’t share the source so take this with a grain of salt, but there’s a coordinated whale dump about to happen within the next 24 hours.
nhill Member	Sat Jul 17 20:33:39 Closing ETH @ 1984
nhill Member	Sat Jul 17 20:34:34 Shorting BTC again @ 32440 Hell of a pump may precede hell of a dump.
nhill Member	Sun Jul 18 07:28:56 Close @ 31711
nhill Member	Sun Jul 18 11:18:56 Damn I handled that pretty nicely, if I do say so myself. Closed by underwater ETH position without losing any money. Moved that money to my underwater BTC position to average the cost. Let it drop and turned a profit on the BTC short. Now I’m going to get to buy my ETH cheaper AND extract alpha from the short. I don’t normally toot my own horn, but that was a hell of a dance.
OsamaIsDaWorstPresid Member	Sun Jul 18 11:20:41 dint u say d markit wuz gona crash r u buyin btc @ 31400 rofl
nhill Member	Sun Jul 18 11:22:02 Of course I got myself into that mess by opening the ETH long and BTC short too early. So I fucked up pretty bad and thought it was going to be ugly. Then BOOM, a couple perfect moves on a pump n dump, as called EXACTLY above (check the time stamps) and I come out ahead. Feels good man.
nhill Member	Sun Jul 18 11:24:06 > dint u say d markit wuz gona crash r u buyin btc @ 31400 rofl I’m taking too high level for you and I’m not going to dumb it down for your sake. Everything is documented and time stamped above. Real ones know. Nim can explain to ya if he has the patience.
nhill Member	Sun Jul 18 12:27:33 ETH trade: 0% First BTC short: 0% 2nd BTC short: Open @ 32440 Close @ 31711 Profit @ +2.3% Trading Performance June 29th-July 18th: BTC: -13.1% nhill: +13.43% S&P 500: +0.86% The alpha divergence continues. Made couple thousand dollars in 3 weeks just playing around.
nhill Member	Sun Jul 18 12:57:44 Buying ETH @ 1903
nhill Member	Sun Jul 18 13:03:50 Actually, after looking at the indicators deeper, I'm only buying a starter position (25% of a normal position).
Nimatzo iChihuaha	Sun Jul 18 15:23:27 I got out of my ETH trade at 1990. +1% Long again at 1898 After some initial fails I am profitable again :-) Now I have to get the hang of the short function!
nhill Member	Sun Jul 18 16:42:38 Nice! I really thought I had screwed myself both ways for a while there. Nothing like a good old pump n dump to take profits and go short. :)
OsamaIsDaWorstPresid Member	Sun Jul 18 17:23:41 rofl down it goez agein hows ur 1903 eth rofl ur money is @ da mercie of chineze rice dicks pumpin and dumpin 2 manipulait da markit
nhill Member	Sun Jul 18 18:34:52 Yup, and I'm turning a profit on that. Appreciate the compliment, I know it's pretty impressive.
OsamaIsDaWorstPresid Member	Sun Jul 18 18:54:31 http://met...r-investing-2million-14942753/ KSI has brushed off losing a whopping £7million after investing £2m in cryptocurrency, insisting there’s ‘no point crying over spilt milk’. He went on: ‘I put two million last November, December. I made seven million, now I’ve lost it all.’ rofl
nhill Member	Sun Jul 18 19:29:10 That’s what happens when you fuck up with leverage.
nhill Member	Mon Jul 19 02:17:52 Sup Osama? Got any issues with my starter position @ 1903 now? Or only when it's temporarily lost value? Crickets by the dickets. As Nim probably already surmised, I'm disappointed that it's up right now. It's only a 25% position because I suspected upside but predicted downside. Sorry, I know that's too complicated for you. But I'm generous to a fault.
Nimatzo iChihuaha	Mon Jul 19 05:13:58 I just ignore him, then he DMs me the things I ignored, and I just ignore the DM. Even mentioning this, is the biggest acknowledgment he has gotten from me in a decade.
OsamaIsDaWorstPresid Member	Mon Jul 19 05:31:22 "Sup Osama? Got any issues with my starter position @ 1903 now? Or only when it's temporarily lost value? Crickets by the dickets." eth 1868 rofl "Sorry, I know that's too complicated for you." rofl self ownid nimso da gay swede rofl wats it leik getin ownid by sam and hot rod 4 leik 15 yeers in da debatez
Nimatzo iChihuaha	Mon Jul 19 05:51:19 I fell asleep though, or I would have gotten out of my ETH long position at 2020, would have been around +1%. Now we play the patience game because I don’t believe in stop-loss limits :) well, not really. i believe in the underlying asset long term, so my trades are mostly aimed at getting more ETH or BTC. As far as that goes I am up +7% ETH and 5% BTC in about 1 month. I am ALPHA baby, I love this new jargon :-) Anyway we are talking about 4000 Euros worth of stuff that I am playing around with. I bought all this stuff some years ago, BTC around 8k and ETH around 400 or 200 I can’t remember,.
Nimatzo iChihuaha	Mon Jul 19 05:56:50 Nhill Looks like we are going to test 1700 with this steady downward trend, previous lows become the new highs.
nhill Member	Mon Jul 19 09:13:39 Nice. I did get the cheap coins I expected. :) Will start accumulating in this range. Targeting closer to $1700, not quite buying yet. > As far as that goes I am up +7% ETH and 5% BTC in about 1 month. I am ALPHA baby, I love this new jargon :-) That's a great start considering most people that just buy and hold (like Rugian tImE iN mArkEt boi) are underwater. I'm so proud :')
nhill Member	Mon Jul 19 20:42:50 Rounding out my starter eth @ 1790
nhill Member	Mon Jul 19 21:26:46 Average cost right now $1818, at 1% of crypto. Will grab another chunk <$1700 if we can get there. Looks like it's still dropping like a rock. :)
OsamaIsDaWorstPresid Member	Mon Jul 19 23:39:31 "Will start accumulating in this range." rofl btc goin 2 leik 25k ure gona get rekt do u relie thinkz its gona bounse here and fly bak 2 60k
nhill Member	Mon Jul 19 23:42:23 No? It's called trading. I have no problem going short or long. In fact, most of my gains have been on the short side. Damn u got air for brainz
Nimatzo iChihuaha	Tue Jul 20 07:47:47 Nhill I am looking for an indicator or some way of getting a good overview of volume or change in volume over time. Right now I feel like I am just "eye gauging" the length of the volume bars.
OsamaIsDaWorstPresid Member	Tue Jul 20 08:09:38 imageine da red volueme bar is a dik thats about 2 giev u a faciel wich is pretie comon 4 gay swes dus dat help
Dukhat Member	Tue Jul 20 10:25:05 Every passing day makes nhil look more like a fucking idiot.
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