Another MatTheCat Near Term Price Prediction.

[ScrapOfCat]

...until I realised that it was a skewed bet which sgbett knew of course to begin with)

Unless of course you actually read the post where I explained how you would be mug not to take this bet if you actually believed it was going below $750. You could sell your 0.1BTC right now, then as soon as it does dip below 750 you get your 0.1BTC back. You know how shorting works though right

Your theoretical unfairness only applies if you think its going up astronomically. If you *do* think its going up Buy 0.1BTC now to hedge against that happening. (then you are only "paying out" what you bought the BTC for).

This is a golden opportunity to short! You get all of feb, there is no capital outlay, there is no chance of a margin call, and you can hedge (if you wish, either at todays price or set a limit order on bitstamp for $750 that way you'll be guaranteed $75 for your winnings if its fiat thats important to you). I'm starting to think trading is the wrong game for you if you can't see how all this works!

Of course if you *do* think its going up then sure, don't take the bet.

Just remember you are the one starting threads around here saying its going down. Telling everyone how much you are shorting etc. Here's your chance to take that trade virtually risk free.

I thought an actual side bet might lend a little credibility to your assertion. I don't trade as a rule, but I do gamble every now and again for fun. I think one of us has it the right way round

This is one of the most interesting posts about trading I have read in a long time.  Thanks for the perspective.

[aminorex]

Believe me when I tell you, that had I been able to place my stop-loss on Bitstamp, it would not have been triggered and I would have been onto a home run with a short sell at near peak of spike-up.

So your complaint is that you placed an order, which got filled.  You made an offer, and someone took it.  Kind of like your bet with sgbett.

[MatTheCat]

So your complaint is that you placed an order, which got filled.  You made an offer, and someone took it.  Kind of like your bet with sgbett.

I placed a stop order, behind a Liar Ask wall, which vanished as my stop loss order was called at the very top of the market. Bitstamp was already retreating fast, yet Bitfinex bid up, with the bulk of the trade neatly over lapping my margin call by just a few cents.

I can't prove it was foul play, but it certainly smelled like foul play and that will be the last time I use that exchange.

Why is it that I have the ability to place a stop loss on Bitstamp that guarantees that I lose no more than a few hundred dollars on a leveraged short sell, that almost never gets called, whereas on Bitfinex, I am required to risk losing at least one thousand to have the same chances of it not getting called?

The answer seems a simple one to me.

[seleme]

 Mat, you'll get yourself a cancer if you continue like this.

You're taking it too personally and to be honest I'm not sure you have idea what you are doing.

Stop fucking up with  BTC vs USD pair, you're going to affect your health. Go trade altcoins, there is 10 times more money to made over there.

[Holliday]

BTC is not money. GBP is money.

It's funny how you bitch and moan about "manipulator this and whale rats that", but when it comes down to it you actually trust the biggest, manipulating whale rats of them all: central bankers.

[sgbett]

I'm effectively leveraging 0.1BTC at x2 and my margin call is at $750

I am not falling into your game.

BTC is not money. GBP is money.

If you want a bet, we bet in GBP, and we use BTC as a means of transferring that relatively fixed and reliable unit of value.

w/e i'll be over here in this other thread. it looks infinitely more fun than this one. please do keep taking yourself so seriously. its hilarious.

[piramida]

Bitstamp lacks a lot of trading options. But I am now looking at a trading bot for triggering Stop Loss orders etc. Also Bitfinex allows for shorting.

do it the normal way, qt bitcoin trader can do stop loss and even trigger trading on all four major exchanges. just don't shoot yourself in the face with the execution rules, start slow.

[MatTheCat]

Bitstamp lacks a lot of trading options. But I am now looking at a trading bot for triggering Stop Loss orders etc. Also Bitfinex allows for shorting.

do it the normal way, qt bitcoin trader can do stop loss and even trigger trading on all four major exchanges. just don't shoot yourself in the face with the execution rules, start slow.

Having jacked in Bitfinex for good, I tried QT Bitcoin trader and watched with horror as a massive 500 BTC sell off run past my stop loss price, only for QT Bitcoin Trader to remain idle. If that was one of Bitcoins famous mega-crashes and I was relying on this program to save my bacon, I would have been screwed.

Not to be trusted.

[piramida]

yes, as I said, easy to shoot yourself if you are not paying attention to what you are doing. you probably had your stop loss rule disabled or set up incorrectly.

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

http://www.youtube.com/watch?v=pWguThH1ZCk

Man I am so sweating I might lose 0.1BTC... oh wait nobody took me up on it... 

[MatTheCat]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

http://www.youtube.com/watch?v=pWguThH1ZCk

Man I am so sweating I might lose 0.1BTC... oh wait nobody took me up on it... 

I don't care about winning your £50 that you thought would turn into £100 if you called it right. If you wanted to make that bet in real money, I would have met it and used an appropriate amount of Bitcoin to transact the amount of real money had I lost. But I was never going to lose, cos I was betting against you, and like most of the broken records on this forum, you are only ever right when the market is going up.

[hdbuck]

0.1BTC says it never goes below $750 (bitstamp) all of february!  

http://www.youtube.com/watch?v=pWguThH1ZCk

Man I am so sweating I might lose 0.1BTC... oh wait nobody took me up on it...  

I don't care about winning your £50 that you thought would turn into £100 if you called it right. If you wanted to make that bet in real money, I would have met it and used an appropriate amount of Bitcoin to transact the amount of real money had I lost. But I was never going to lose, cos I was betting against you, and like most of the broken records on this forum, you are only ever right when the market is going up.

is the bet still on?

[sgbett]

0.1BTC says it never goes below $750 (bitstamp) all of february! 

http://www.youtube.com/watch?v=pWguThH1ZCk

Man I am so sweating I might lose 0.1BTC... oh wait nobody took me up on it... 

I don't care about winning your £50 that you thought would turn into £100 if you called it right. If you wanted to make that bet in real money, I would have met it and used an appropriate amount of Bitcoin to transact the amount of real money had I lost. But I was never going to lose, cos I was betting against you, and like most of the broken records on this forum, you are only ever right when the market is going up.

ITT



I think one of us is taking himself a bit seriously. I also think its not me.

[MatTheCat]

I think one of us is taking himself a bit seriously. I also think its not me.

You may say that but I am a late adopter and am rolling around a ball of capital in Bitcoin that is enough to live off for a year and I can't afford to have my mind polluted by utter bollocks. This is why I am on the defensive so much and perhaps this means that I may miss a trick or two, but on aggregate I make more money and more to the point in a clear bear market, I avoid losing money by generally being intolerant of people who disagree with me on what Bitcoin happens to be doing. Take you for example. Every single time we have had a little Bitcoin 'debate' events have proven you wrong. Every single time.

As I type this, Bitcoin has just dipped below $750 on Stamp, so that is yet another example of you being wrong. I am here because I have taken it upon myself to have a vested financial interest in Bitcoin. If I let the aimless and frankly clueless ramblings of posters such as you affect my Bitcoin decisions, I would be seriously underwater by now. I wouldn't even be in a position to be arguing with the likes of you on whether I should short or go long on Bitcoin at $820, because I would still be holding on in vain for Bitcoin to get back up to $1100 just in order to break even on coins that various other Bitcoin Nutters insisted that I should hold, and then implied I was an idiot for selling....and btw, I can't go short Bitcoin now cos my instincts told me that Bitfinex was not to be trusted so I shifted my funds off the exchange and then 3-4 days later the site gets hacked. So now I am just a bear waiting on a good time to become a long term bull and I think I may have to wait some time yet.

Can you see why I am perhaps a bit hyperphobic towards other peoples bullish in the face of common sense 'opinions'? If I had allowed them to affect me, then it would have generally meant that I lose money.

I hate losing money more than I like winning money.

[sgbett]

I think one of us is taking himself a bit seriously. I also think its not me.

You may say that but I am a late adopter and am rolling around a ball of capital in Bitcoin that is enough to live off for a year and I can't afford to have my mind polluted by utter bollocks. This is why I am on the defensive so much and perhaps this means that I may miss a trick or two, but on aggregate I make more money and more to the point in a clear bear market, I avoid losing money by generally being intolerant of people who disagree with me on what Bitcoin happens to be doing. Take you for example. Every single time we have had a little Bitcoin 'debate' events have proven you wrong. Every single time.

As I type this, Bitcoin has just dipped below $750 on Stamp, so that is yet another example of you being wrong. I am here because I have taken it upon myself to have a vested financial interest in Bitcoin. If I let the aimless and frankly clueless ramblings of posters such as you affect my Bitcoin decisions, I would be seriously underwater by now. I wouldn't even be in a position to be arguing with the likes of you on whether I should short or go long on Bitcoin at $820, because I would still be holding on in vain for Bitcoin to get back up to $1100 just in order to break even on coins that various other Bitcoin Nutters insisted that I should hold, and then implied I was an idiot for selling....and btw, I can't go short Bitcoin now cos my instincts told me that Bitfinex was not to be trusted so I shifted my funds off the exchange and then 3-4 days later the site gets hacked. So now I am just a bear waiting on a good time to become a long term bull and I think I may have to wait some time yet.

Can you see why I am perhaps a bit hyperphobic towards other peoples bullish in the face of common sense 'opinions'? If I had allowed them to affect me, then it would have generally meant that I lose money.

I hate losing money more than I like winning money.

Every time you say i have been proven wrong you miss the simple fact that the game isn't over.

[cosmofly]

Matthecat like to ass it up by always loosing money, checkout:
https://bitcointalk.org/index.php?topic=453377.0