Category Archives: Updates

Update, what’s happening?

It’s been awhile since I posted here! It’s coming I promise… I’ve been super busy updating the website and getting my design business set up and situated. The design business still has a long way to go. In the meantime I’ve been updating this site, and working on all kinds of new features.

The directory is now up and running. Still working on this project, but I’m happy with the direction it’s taking. If you have any cryptocurrency related link suggestions for the directory page, please include them in the comments section of this blog post.

Directory link: bitcoindood.com…

I’ll be adding a podcaster and youtube directory for crypto related shows. If you’re a podcaster or youtuber and would like to be added, please comment with your links. I know there have been a lot of new shows added to the crypto space in the last year or so. I’m a little out of the loop. Any suggestions would be greatly appreciated. Just comment with the show link!

After so much time, the News Agregator is back up and running. I coded it in NodeJS and so far so good. If you have any News Sites you’d like to see added, please post the link in the comments section for consideration.

New Aggregator link: bitcoindood.com…

The news agregator is currently being updated about 4 times a day.

I’m also working on a new blog theme! I’ve been working on WordPress theme design, and this part of the website will soon match the rest of the site. I’m hoping to have this theme up and running by the end of the week.

Once the blog design is updated I’m going to start blogging again at least once a week. Topics will vary. If you have a cryptocurrency, you’re an influencer, or you’re running any type of crypto related business, DM me on twitter and we can make arrangements for an interview if you’re interested.

Besides that I’ve got a couple new features I’m getting ready to add to the website. I’m keeping those a secret till I get the bugs worked out. I’ve been doing a lot of front end web dev stuff and learning so much. As I learn I’m adding features to the site.

Thanks for reading. Industry specific blog posts coming soon. Please leave any suggestions in the comments.

Cheers
The Dood 🙂

Thoughts and Musings of a Shitcoin Trader.

I want to get back to blogging on here. For the most part, I’m going to be posting my thoughts on trading bitcoin, shitcoin, and other crypto related topics. I may post the occasional chart, I’ll definitely be posting opinion. Maybe pepper the posts with some tech reviews and anything I’m currently playing around with.

I’ve been involved in the cryptocurrency community for a while now. Man time fly’s! It’s been close to 6 years. When I first started this blog I intended to post about my journey as an altcoin trader. That part of the blog was lost when I changed servers to a new host. I started over in a different direction, and now I think I’m planning on returning to that theme and the roots of this blog. I may or may not do the occasional interview, but for the most part, I’m just going to be sharing my thoughts and musing on everything that’s going on with me as a trader and what’s happening in the crypto space in that particular moment in time. Hope whoever reads this, enjoys the posts!

The Real Extent and Effect The Cryptopia Hack Is Having On Me.

I don’t think about the Cryptopia hack a lot. Partly because I try not to dwell on negative things too long. It took a couple days to realize exactly what could be lost. Although, in the back of my head I always knew this was a possibility. So in many ways, I was already prepared for this. As crypto traders, we know the risks and these are the games we play.

Considering the time I’ve been involved in trading, it was bound to happen sooner or later. I missed the Cryptsy debacle by about a week. I knew something was amiss and withdrew all my funds a little over a week before disaster struck. There were signs, and I acted accordingly.

With Cryptopia, there really weren’t any signs. Honestly, I was comfortable there. I never had a problem, and I really liked the UX of the exchange. Order history was always there, pages loaded fairly quickly. I was never crazy about the charts, but everything else was perfect. Frankly, it was one of my favorite exchanges.

Which leads me to my point. I’m not super concerned about the coins I had on the sight. It was a small percentage of my overall portfolio. What bothers me more, is the work I lost. In the greater scheme of things, I spent the better part of 6 months building positions, buying and selling, and preparing for the next bull run. All that work is gone now.

For the most part, I trade altcoin on three major exchanges. I haven’t really used Bittrex since they updated the site. I don’t like the UX, and I have to fumble around with my own software when I want to review order history. With that said, I just hadn’t been trading there. I even planned on leaving the exchange this year. Only a few days before the Cryptopia incident I planned on moving my coins from Bittrex over to Cryptopia and two other exchanges. Had I done that, I would have been completely REKT, with the exception of a few cold storage wallets, and my trading nut of BTC and USD.

I suppose it was a complete tragedy averted. Thinking back on that, things could have been much worse. I don’t know what will happen with Cryptopia. For the most part, they’ve always acted honorably in the past, so I’m giving them the benefit of the doubt now. I have to admit though, the lack of communication coming from the company is rather troubling. Currently, I’m expecting the worst and hoping for the best.

My understanding is that the hack was centered around Ethereum wallets and ETH related tokens. Fortunately, I didn’t trade ETH or own very many ERC20 tokens. Considering all the information I’ve received so far has been through a third party, I’m not going to comment further on what’s happening over there. Hopefully, a statement will be made, and the truth comes to light.

In the meantime, losing about a third of my work from the last 6 months is really starting to sink in. All those trades, all that position building, gone!

I practiced decent risk management splitting my position over multiple exchanges. Again, I’m not concerned about the money either. I’ll build the money back. Christ, I started in this game with pennies earned from Dogecoin and Bitcoin faucets.  Losing all that work is the real kick in the nuts!

With all that said, who knows what the future holds. For all I know, they may announce tomorrow that they’re open for withdrawals. I’m not holding my breath on that. I’ve already written it off as a loss. If for some reason I’m surprised, I’ll consider it a nice windfall.

So for now, a nice chunk of the last 6 months of my work is flushed down the crapper. I’ve already started rebuilding my positions. That’s all I can do. Move forward. Never look back, keep on learning, and try not to repeat the mistakes of the past. Another hard lesson learned!

Happy New Year From The Dood

Happy New Year.

Like many in the crypto space, I’m happy to leave 2018 behind. We started 2018 enthusiastic and hopeful, only to slowly watch the price decline over the entire year. Some of us took record gains, while others bought the top and watched as the value of our investments slowly dwindled over time.

This is how markets work. What takes years to build and tumble in the stock market happens in mere months with cryptocurrency. Now we play the waiting game. Looking at charts for levels of support, watching trade volume closely. All of us looking for some sign the bottom is in and the bear market is over.

I honestly expected a correction in 2018. It was inevitable. I expected a bottom around $10k and my worst case scenario was somewhere around $5K. I took some profits near the top, bought some new toys, re-furnished the house, then slowly bought the dips on the way down. It’s important to take profits in this game. It’s why we trade!

I bought the dips slowly and built my dream crypto portfolio. Watched as the price and value slowly dwindled. It was painful, but this is a long-term game. I continue buying, building, and waiting. That’s my game plan for 2019. Build strong positions in strong coins. What goes up eventually goes down but the reverse is also true. These are market cycles and nothing in this life is permanent including bull/bear markets.

Although I feel terrible for the people that bought into the media hype of early 2018. Better days are coming for the strong handed and brave. I’m going to look at 2019 as a rebuilding year for me. I’ll continue to look for strong projects, and continue to build my portfolio. Watch for levels of support and resistance. Swing trade when I can and continue to build BTC, USD, and alts. Now is the time to prepare for the next bull run. Those that take advantage of the bear market will reap the rewards of the bull run!

2018 was an incredible year filled with emotion. 2019 is the year of rebuilding. Stay positive, stay focused, and always look to the future with optimism. Wishing you all a healthy, prosperous and happy 2019! Happy New Year from The Dood! Let’s make crypto great again and make 2019 another great year to remember!

The-Dood

August 8, 2018

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It’s been awhile since I’ve written anything. I did a white paper review of VSYNC the other day, and beside that I’ve been doing a lot of screwing off this summer. Honestly, I spent almost 3 years sitting in front of a computer staring at charts and really needed the time off.

The 2018 crypto market is nothing like I expected. I certainly expected a correction when bitcoin rose to 20K, but never expected almost every alt to return to 2017 lows. What a pump, and what a retrace!

In the meantime I’ve been enjoying the summer, putting low buy orders in, accumulating and like most of us, hoping this bear market turns. I bought a couple motorcycles, and I’ve been riding and waiting… Riding and waiting… Riding and buying and waiting….

Finally started getting tired of riding and waiting. Time to start acting. I’ll still be traveling around a bit this summer, but it’s time to get back to work. Oh, and I’m thinking about starting a travel blog, just registered themotorcycledude.com… Nothing there yet, but the wheels are in motion.

So I’ll be working on websites, updating this one… God knows it needs it. I’ll also be posting regularly again. Not sure how often but you should be able to expect at least a few posts a month. Thanks for reading, stay strong traders, sooner or later this market will turn and we will reap the rewards of our efforts!