Lose all your capital fast, with MatTheCat and his TA 101A!

[BillyBobZorton]

I have treated all exchanges as ponzi scams since I understood the problem of centralization in exchanges. Since then I have never had any relevant amount of BTC there so I have never experienced such a disaster. One day we will have decentralized exchanges and this will not happen.
In any case, Bitcoin will continue growing and getting stronger. Sorry for your loss.

[unklez]

I think you might be a democrat.  Far leftists are always focused on playing the underdog or victim, and according to your sig, you have been both robbed and victimized.  When you see a picture of Obama, does it conjure inspirations of voting for you?

This sums up r0ach. He will never play any  kind of victim on the internet because with his experience he knows he'll only get the stick for it.

Trust me when I say this guy lost a lot of coins in the Bitfinex matter but he won't admit it

[r0ach]

I think you might be a democrat.  Far leftists are always focused on playing the underdog or victim, and according to your sig, you have been both robbed and victimized.  When you see a picture of Obama, does it conjure inspirations of voting for you?

This sums up r0ach. He will never play any  kind of victim on the internet because with his experience he knows he'll only get the stick for it.

Trust me when I say this guy lost a lot of coins in the Bitfinex matter but he won't admit it

Unklez is a terrorist from Turkey. I withdrew from Finex 3 weeks or so before it goxed because it appeared to me someone was naked shorting there and I knew they had to be insolvent due to it.

[MatTheCat]

Unklez is a terrorist from Turkey. I withdrew from Finex 3 weeks or so before it goxed because it appeared to me someone was naked shorting there and I knew they had to be insolvent due to it.

Bullshit!

U were trading big style on Finex. U got plundered big style, just like everyone else did.

Welcome to the unregulated world of crypto!

[abs350]

After having been the only person on earth to be goxed by both Kraken and Finex in the same week, I'm confident Mat will be back for round two of casino gulag Finex when it reopens.

No chance of that.

a) I no longer have the funds to make it worthwhile (I am still 50/50 whether I am going to get anything out of Bitfinex, anytime soon)
b) Even if I did, I would be insane to entrust any significant amount of funds to any Bitcoin exchange, period.

and

c) my decision making is fucking atrocious.


People who have difficulty and/or confidence in making decisions, have no business trading. Trading is the ultimate decision making game.


And the amount of times that I have agonised over the fact that I had my limit orders set on BFX, in order to get my BTC off and turned into GBP, only  to have discovered that I had left my mobile phone at my mothers, and when I called my mother for 2FA code, she wasn't in, etc etc.... I am the type of person that reads a lot of meaning into these things.....I had exactly the right idea in my head, i.e. "Get everything off BTC exchanges!", yet a cruel conspiracy of coincidences, sees that despite *knowing* to get the fuck off the motorway, I am still standing around in the middle of it, staring gormlessly at the speeding tanker heading right towards me.

This sounds all too familiar with my experiences trading. Often have the right ideas, but just have a knack of making the wrong decisions time and time again.


Failing a personality/karma transplant, I got to get the fuck away from this shit otherwise I will get my ass handed to me (already have).

Dont waste your time with this bullshit guys.


Remmeber the number one rule is dont lose money?  In other words only only pull the trigger when you are really sure of it.  Make sure you have waited as long as possible  and if there is an excuse not to make  a trade then take the excuse.


It is better to avoid losses and do nothing than to make good trades and then bad ones that cancel the good ones and more.

Remember guys the best action in this game, 99% of the time is "DO NOTHING.'


The market will always be open.  


At the end of the day, there are other ways to make money in this life.  Spend most of your time on those ways not on trading.  Ocassionally there will be an opportunity in trading, when its there take it.  However you know the game, how in matt's words  "your ass can be handed to you. "  .  Just think about that before you make 1 single deposit with any broker whether you want that to happen.  Remember there are many legendary traders who made millions only to lose it all and die pennyless.


I.E.:  Making a profit however big is no good if the road you are travelling on leads eventually to total loss of all your money.  Make sure you are not on that road!!!


On the one hand its very difficult to make money but even more difficult in this game is keeping it.

[r0ach]

I withdrew from Finex 3 weeks or so before it goxed because it appeared to me someone was naked shorting there and I knew they had to be insolvent due to it.

Bullshit!

U were trading big style on Finex. U got plundered big style, just like everyone else did.

Welcome to the unregulated world of crypto!

Why would I lie about it?  Everybody knows I was saying it appeared someone on Finex was naked shorting with huge amounts of money.  I wasn't going to keep my funds on an exchange with Gox-like activity.  There's dozens of people who can back up my statement from trading channels.  I was telling everyone to withdraw funds from there.  Ask the Expanse dev (not Franko, the other one).  He's one of the people I told that to but he didn't withdraw funds and got goxed.

[chesthing]

After having been the only person on earth to be goxed by both Kraken and Finex in the same week, I'm confident Mat will be back for round two of casino gulag Finex when it reopens.

No chance of that.

a) I no longer have the funds to make it worthwhile (I am still 50/50 whether I am going to get anything out of Bitfinex, anytime soon)
b) Even if I did, I would be insane to entrust any significant amount of funds to any Bitcoin exchange, period.

and

c) my decision making is fucking atrocious.


People who have difficulty and/or confidence in making decisions, have no business trading. Trading is the ultimate decision making game.


And the amount of times that I have agonised over the fact that I had my limit orders set on BFX, in order to get my BTC off and turned into GBP, only  to have discovered that I had left my mobile phone at my mothers, and when I called my mother for 2FA code, she wasn't in, etc etc.... I am the type of person that reads a lot of meaning into these things.....I had exactly the right idea in my head, i.e. "Get everything off BTC exchanges!", yet a cruel conspiracy of coincidences, sees that despite *knowing* to get the fuck off the motorway, I am still standing around in the middle of it, staring gormlessly at the speeding tanker heading right towards me.

This sounds all too familiar with my experiences trading. Often have the right ideas, but just have a knack of making the wrong decisions time and time again.


Failing a personality/karma transplant, I got to get the fuck away from this shit otherwise I will get my ass handed to me (already have).

Dont waste your time with this bullshit guys.


Remmeber the number one rule is dont lose money?  In other words only only pull the trigger when you are really sure of it.  Make sure you have waited as long as possible  and if there is an excuse not to make  a trade then take the excuse.


It is better to avoid losses and do nothing than to make good trades and then bad ones that cancel the good ones and more.

Remember guys the best action in this game, 99% of the time is "DO NOTHING.'


The market will always be open.  


At the end of the day, there are other ways to make money in this life.  Spend most of your time on those ways not on trading.  Ocassionally there will be an opportunity in trading, when its there take it.  However you know the game, how in matt's words  "your ass can be handed to you. "  .  Just think about that before you make 1 single deposit with any broker whether you want that to happen.  Remember there are many legendary traders who made millions only to lose it all and die pennyless.


I.E.:  Making a profit however big is no good if the road you are travelling on leads eventually to total loss of all your money.  Make sure you are not on that road!!!


On the one hand its very difficult to make money but even more difficult in this game is keeping it.

I would agree with most of what you said, but sometimes taking the trade doesn't work either. I tried to buy $10k of bitcoin when it fell below $500 last crash on Coinbase, and the fucking site was down. I tried like a dozen times to buy as the price just kept climbing before giving up in disgust. I'm also sure there were buys set at $500 on bitfinex that got cancelled out. I guess the moral is, even when you do things right there isn't a guarantee you will come ahead - that's crypto for you, it's one white hot fucked up mess.

[chesthing]

Trying to buy  $10k of btc on Coinbase and their site is down FUCK!!!!!

Check out the date/time, I was PISSED.

[Wexlike]

Trying to buy  $10k of btc on Coinbase and their site is down FUCK!!!!!

Check out the date/time, I was PISSED.

Ouch.

[adamstgBit]

mat BUY AND HOLD!!!!!!!!


FFS this is it.

[r0ach]

When I read about Mat trades I just want to crawl into a ball and die:

[r0ach]

And then I saw Mat shorting and was like...

[MatTheCat]

And then I saw Mat shorting and was like...

Aw shucks r0ach. I really have that affect on you? I am truly touched, I really am!

Tell you what, despite your dickhead internet persona, I can tell that you are one of the good guys, and it is for this reason, that I give you this sage advice:


FUCK BITCOIN! BUY GOLD NOW!


Going forward from here, I suspect that Bitcoin is going to languish in a range for quite some time and thereafter, the culmination of the next pump will see it get up to around $1500. So yeah, 'money' to be made here for sure, although when you compare Bitcoin gains to Shitcoin pump gains, Bitcoin aint worth getting out of bed for and besides from that, putting your wealth into crypto, is playing with fire, in all probability you gonna get burned at some point down the line and when you do, it will render much of your previous gains immaterial.

Bitcoin, like the JIDF fractional reserve banking racket that you are all hoping that Bitcoin displaces, is the very definition of 'vapour'. Bitcoin is nothing. Like the fiat money system, Bitcoin is nothing more than a placeholder token on a claim to real wealth. Right from it's atomic and sub-atomic structure upwards, gold is real wealth. The elites of ancient civilisations knew it, the modern day JIDF cabal know it as do their Chinese adversaries, and deep down, I think you know it as well.

We are entering a very unstable period. Over the coming years, the USD hegemony is set to come apart like the fragile grossly overextended house of cards that it is. I don't know for sure precisely which way she will implode, but I suspect hyperinflation over deflation, as the hyperinflationary route will represent the path of 'least evil', and will allow the US government to continue to service their debts and not default for just that little while longer. Indeed, in all probability, with all the global QE and now even negative interest rates around the world, the dice have already been set for a hyperinflationary crash. But whatever form that the coming monetary crisis takes, when the shit hits the fan, everyone is about to understand the true meaning of 'counter party risk', just as I have done so, first with Kraken, and then a couple of weeks later, with Bitfinex. Totally fucking cleaned out, powerless to do a damn thing about it.

We will never again, see a world in which good and services are exchanged for small pieces of gold and silver, but when the parasitic 'placeholder token' system into which the whole of humanity is currently hooked ceases to function, all that there will be left, is real wealth. i.e. The world of real resources and things and in the inorganic material world, nothing epitomises the law of attraction, and thus 'wealth' more, than gold!

[Wexlike]

Cold storage has no 'counter party risk'.

[MatTheCat]

Cold storage has no 'counter party risk'.

Cold storage has the counter party risk, of whether tokens on given crypto network continue to be worth anything at all.


What if there is so much scandal and shenanigans on the Bitcoin exchanges, that the market turns away from Bitcoin in it's droves?

What happens if there is some reason for the Bitcoin network to go down?

What happens if a competing crypto renders Bitcoin obsolete (likely to happen one day)?


Or in the case of global conflict, what happens if internet connections across the globe, go down. What happens if an EMP bomb explodes near one of the major Bitcoin mining farms in China?


Crypto is riddled with counter party risk, in that holders of Bitcoin are relying upon so many factors and actions of others, that are totally outwith their control, but which could decide whether their invisible digital tokens have any value at all. Gold isn't like that. Gold is gold. Gold is real wealth right down to it's very core, always was and always will be, regardless of what temporary and doomed to failure makeshift value exchange token system that mankind happens to have gotten itself entangled with.

[sandiman]

Cold storage has no 'counter party risk'.

Cold storage has the counter party risk, of whether tokens on given crypto network continue to be worth anything at all.


What if there is so much scandal and shenanigans on the Bitcoin exchanges, that the market turns away from Bitcoin in it's droves?

What happens if there is some reason for the Bitcoin network to go down?

What happens if a competing crypto renders Bitcoin obsolete (likely to happen one day)?


Or in the case of global conflict, what happens if internet connections across the globe, go down. What happens if an EMP bomb explodes near one of the major Bitcoin mining farms in China?


Crypto is riddled with counter party risk, in that holders of Bitcoin are relying upon so many factors and actions of others, that are totally outwith their control, but which could decide whether their invisible digital tokens have any value at all. Gold isn't like that. Gold is gold. Gold is real wealth right down to it's very core, always was and always will be, regardless of what temporary and doomed to failure makeshift value exchange token system that mankind happens to have gotten itself entangled with.

So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ?

just a quote from warren buffet:

"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

if you want more go there :

http://www.minyanville.com/trading-and-investing/commodities/articles/Warren-Buffett-brka-gold-investing-investing/10/3/2012/id/44617

There is no fucking stock, commodity or whatever you want that is perfect, sorry mat, but you won't get rich quick

EDIT : the more time goes on, the more it looks like drugs are destroying you

[MatTheCat]

So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ?

just a quote from warren buffet:

"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

if you want more go there :

http://www.minyanville.com/trading-and-investing/commodities/articles/Warren-Buffett-brka-gold-investing-investing/10/3/2012/id/44617

There is no fucking stock, commodity or whatever you want that is perfect, sorry mat, but you won't get rich quick

EDIT : the more time goes on, the more it looks like drugs are destroying you

Erm, what is your fucking problem, m8?

I have stopped trading Bitcoin, for good. I currently own some Bitcoin, but 30 times more gold (in terms of USD). And how often do I post on this forum these days...almost never, but if I feel like dropping a comment or two, then I shall fucking well do so and it has fuck all to do with you whether I do, or whether I don't. Prick!

And you can go and stick your fkn Warren Buffet quotes right up your fucking arsehole as well. Just some propagandist soundbite that fits the tone of the times in which it was it was made. Wouldn't be the first time that a statement that made sense X amount of decades ago, is proven to be total horseshit some ways down the line.

[Ibian]

So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ?

Mat is the type who prefers dragging others down instead of pushing himself up. That's why he tells people that bitcoin is doomed while at the same time managing to lose money on huge rallies.

[Torque]

just a quote from warren buffet [Modified by Torque]:

"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. Then over the last 200 years, it gets looted from vaults all over the world, faked, diluted with tungsten, priced set and pegged by monopolistic Elitist Mining Cartels, and ETF'd to death by many orders of magnitude, to the point that no one actually knows how much real Gold even exists in the world today, where it all lives, who controls what amounts (if any), and what its nominally speculative value should even remotely be anymore.

It has no utility. Anyone watching from Mars would be scratching their head.  And a return to a worldwide Gold standard? Fat chance in Hell on that!"

FTFY

[sandiman]

just a quote from warren buffet [Modified by Torque]:

"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. Then over the last 200 years, it gets looted from vaults all over the world, faked, diluted with tungsten, priced set and pegged by monopolistic Elitist Mining Cartels, and ETF'd to death by many orders of magnitude, to the point that no one actually knows how much real Gold even exists in the world today, where it all lives, who controls what amounts (if any), and what its nominally speculative value should even remotely be anymore.

It has no utility. Anyone watching from Mars would be scratching their head.  And a return to a worldwide Gold standard? Fat chance in Hell on that!"

FTFY

Just wanted to keep stuff simple 

So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ?

Mat is the type who prefers dragging others down instead of pushing himself up. That's why he tells people that bitcoin is doomed while at the same time managing to lose money on huge rallies.

I tried helping mat few months ago, but I had to give up, mat can't listen to anyone but himself.