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Author Topic: Lose all your capital fast, with MatTheCat and his TA 101A!  (Read 85742 times)
sandiman
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October 18, 2016, 09:12:35 AM
 #1041

So... how's that Gold price been working out for ya lately, Mat?  Grin

Silver is gonna be a +10-20x when the debt markets implode so it doesn't really matter where you buy it at.  Maybe far higher, depends if the value of the fiats reaches zero or not before being transitioned to something else.  

If they actually imploded to nothingness, all metals and bitcoin holders are getting a giant wealth transfer from everyone else, but productive capacity would crater so you'd not be able to find lots of items no matter how much money you have.  There will be a lot of dirt cheap real estate, cars, boats, houses, etc, though.

Any other doom shitty speculation to provide us?

They say that world we be destroyed by aliens before 2019, will bitcoin and other safe heavens go higher ??  Tongue Tongue Tongue

The average lifespan of a fiat currency is 27 years and all economically incompetent individuals will soon figure that out.  The wealth transfer is inevitable, it's only a question of what percentage each alternative to them like metals and bitcoin get.  I don't know about you, but I'm front running the biggest bankruptcy in the history of the world - lot's of irredeemable paper IOUs with no cost to create

If there is no cost, then what's the problem?

The problem is that, this is the last idea mat have found to get rich quick... Roll Eyes
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October 18, 2016, 10:42:23 AM
 #1042

So... how's that Gold price been working out for ya lately, Mat?  Grin

Silver is gonna be a +10-20x when the debt markets implode so it doesn't really matter where you buy it at.  Maybe far higher, depends if the value of the fiats reaches zero or not before being transitioned to something else.  

If they actually imploded to nothingness, all metals and bitcoin holders are getting a giant wealth transfer from everyone else, but productive capacity would crater so you'd not be able to find lots of items no matter how much money you have.  There will be a lot of dirt cheap real estate, cars, boats, houses, etc, though.

Any other doom shitty speculation to provide us?

They say that world we be destroyed by aliens before 2019, will bitcoin and other safe heavens go higher ??  Tongue Tongue Tongue

The average lifespan of a fiat currency is 27 years and all economically incompetent individuals will soon figure that out.  The wealth transfer is inevitable, it's only a question of what percentage each alternative to them like metals and bitcoin get.  I don't know about you, but I'm front running the biggest bankruptcy in the history of the world - lot's of irredeemable paper IOUs with no cost to create. 

Do you have some statistics to back up your claim that the average lifespan of a fiat currency is 27 years?
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October 18, 2016, 11:41:36 AM
 #1043

So... how's that Gold price been working out for ya lately, Mat?  Grin

Silver is gonna be a +10-20x when the debt markets implode so it doesn't really matter where you buy it at.  Maybe far higher, depends if the value of the fiats reaches zero or not before being transitioned to something else.  

If they actually imploded to nothingness, all metals and bitcoin holders are getting a giant wealth transfer from everyone else, but productive capacity would crater so you'd not be able to find lots of items no matter how much money you have.  There will be a lot of dirt cheap real estate, cars, boats, houses, etc, though.

Any other doom shitty speculation to provide us?

They say that world we be destroyed by aliens before 2019, will bitcoin and other safe heavens go higher ??  Tongue Tongue Tongue

The average lifespan of a fiat currency is 27 years and all economically incompetent individuals will soon figure that out.  The wealth transfer is inevitable, it's only a question of what percentage each alternative to them like metals and bitcoin get.  I don't know about you, but I'm front running the biggest bankruptcy in the history of the world - lot's of irredeemable paper IOUs with no cost to create. 

Do you have some statistics to back up your claim that the average lifespan of a fiat currency is 27 years?

He probably have, but what its statistic has not is a statistic significance (represented by high t-statistic value as ex). anyway, basic of statistics.
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October 18, 2016, 12:23:27 PM
 #1044

This sentence is a headline of zerohedge.
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October 18, 2016, 05:36:10 PM
 #1045

Last Mat prediction was Bitcoin going to 0 when it was $580 and it went to $640 instead.  We need a new MatTheCat reverse indicator.

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October 20, 2016, 10:44:56 PM
 #1046

Last Mat prediction was Bitcoin going to 0 when it was $580 and it went to $640 instead.  We need a new MatTheCat reverse indicator.

The MatDerKater account guy claims he's MatTheCat and that his old account was hacked, but he's refusing to sign a message to prove it. He says Bitcoin will eventually go above $1500. If he really is MatTheCat that's a terrible reverse indicator for Bitcoin's price. We better hope he's an impostor.




fwiw, I think that Bitcoin is set to make it's way up above $1500 eventually........
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October 21, 2016, 06:33:01 PM
Last edit: October 21, 2016, 06:43:42 PM by gentlemand
 #1047

The MatDerKater account guy claims he's MatTheCat and that his old account was hacked, but he's refusing to sign a message to prove it. He says Bitcoin will eventually go above $1500. If he really is MatTheCat that's a terrible reverse indicator for Bitcoin's price. We better hope he's an impostor.

I get the feeling he wasn't too savvy when it came to internet security or account security so there won't be an address to sign. He certainly wrote like the man himself. There's no one else here quite that irascible. The 'new' matthecat writes like a typical google translate moron.
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October 22, 2016, 12:02:35 AM
 #1048

The new MatTheCat posts in shitcoin theads, the account has most definately changed hands. I agree MatDerKater sure sounds like Matt. No matter what you say about his terrible trading, it really fucking sucks these exchanges stole his btc. Anyone who says he shouldn't have kept value on them - fuck you, there isn't any other way to trade with any effectiveness.
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October 22, 2016, 06:50:27 PM
Last edit: October 22, 2016, 08:06:00 PM by r0ach
 #1049

Well, the MatTheCat reverse indicator and the r0ach direct indicator seems to have worked flawlessly:

(from 1 month ago):

https://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary


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October 23, 2016, 12:07:28 AM
 #1050

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.
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October 23, 2016, 02:17:38 AM
Last edit: October 23, 2016, 02:37:09 AM by STT
 #1051

Do you have some statistics to back up your claim that the average lifespan of a fiat currency is 27 years?

27 is likely correct if you include currency where the government declares a value as a function of itself.  ie. the Rouble now is not the original, I believe the last big swap involved an exchange of 1000 new Rouble to one new Rouble.  
Everytime that happens the currency failed basically, so yea 27 years is highly likely as an average in that case across the world.   The Reserve Bank of Zimbabwe revalued on 1 August 2006 at a ratio of 1,000 ZWD to each second dollar  so that was a failure also, eventually the second standard failed but in any case people were wiped in the first instance also.   Not absolutely perhaps but to arbitrarily alter value via your central bank without warning is basically a broken currency, capitalism revolves open exchange and a market set price mostly variable.  
Right now the west has fixed interest rates but not always fixed exchange rates.  Gold is an unfixed rate, currency within the EURO is being fixed and causing problems to its separate nation states. Likely that will precede a failure of some kind in the standard unless the nations all agree to share budgets and debt maybe then it makes sense

This is all fundamental discussion not speculation or analysis of price action, first rule is dont have an opinion just read the tape ?

Quote
lot's of irredeemable paper IOUs with no cost to create.  

If there is no cost, then what's the problem?

Theres a cost to everything I guess but if the cost of receiving the item exceeds its worth to you after receipt then you are not any richer and its useless in conveying value.    Paper money can be burnt, even sand on the beach can be used and I believe it is 'stolen' at times for cheap use in construction depending on the area.   China business was in recent years using copper as currency briefly instead of paper, not actually ever using it
   Gold is used as currency for its elemental properties, its not a coincidence that it ended up as money and I think even if it were ugly or really not used at all it might still be used to pass value.  People have to figure this one out for themselves, but my spin is like fiat paper is ultimately only used in paying taxes and doesnt get a use otherwise.   A problem can occur then I guess if all business takes a loss and needs to pay no tax.    Gold could actually be the more practical of the two, paper is only really equal to a receipt given after payment.  Right now the whole world is passing round receipts hoping it relates to some actual transaction by somebody?
  If nobody wants the no cost paper like they dont want the no cost sand then its a problem then, supply of these commodities exceeds demand and value will transcend quickly to other standards like the copper in China or gold or bitcoin just because its fast to transmit and alot easier then tons of sand :p


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October 23, 2016, 04:34:14 AM
Last edit: October 23, 2016, 04:48:53 AM by chesthing
 #1052

" Gold is used as currency for its elemental properties, its not a coincidence that it ended up as money and I think even if it were ugly or really not used at all it might still be used to pass value.  People have to figure this one out for themselves, but my spin is like fiat paper is ultimately only used in paying taxes and doesnt get a use otherwise.   A problem can occur then I guess if all business takes a loss and needs to pay no tax.    Gold could actually be the more practical of the two, paper is only really equal to a receipt given after payment.  Right now the whole world is passing round receipts hoping it relates to some actual transaction by somebody?
  If nobody wants the no cost paper like they dont want the no cost sand then its a problem then, supply of these commodities exceeds demand and value will transcend quickly to other standards like the copper in China or gold or bitcoin just because its fast to transmit and alot easier then tons of sand :p:"

In the first place, this so called worthless paper you speak of buys everything you want, not just paying your taxes. In the second place, if you really want to go with the logic of currency lacking inherent value, bitcoin is as worthless as you can get - it's not even paper, it's simply a number on your computer screen, not backed by anything or anyone.
At this time, bitcoin value is 100% speculation, it's nothing more than gambling. Maybe someday people will actually use it for what it was designed to be used for - spending. Maybe then, it will have gained some inherent value as a tool. Now? it's the joke of the outside world, and a gamble for anyone playing with it.

I would be very, very happy to take yours or anybody else's dirty worthless fiat off your hands. Let me know your Paypal address and I will send a request. We both know that won't happen though, because we know you are full of shit. The USD is about to enter a period of deflation, fyi.
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October 23, 2016, 09:25:09 AM
Last edit: October 23, 2016, 09:35:57 AM by bitebits
 #1053

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

[...] At this time, bitcoin value is 100% speculation, it's nothing more than gambling. [...]

How much, today, is gold being used as a currency?

The problem most of us have (including myself) is trying to quantify Bitcoin into existing (asset) classes.
Is it a currency? Is it digital gold? Is it a smart contract? Is it a payment system? Et cetera, et cetera.

Bitcoin is all of that at the same time, and much more we haven't figured out yet. Bitcoin already has incredible value and yes potentially much more, depending on new use cases figured out each day and it's adoption.

Therefore I disagree strongly it is 100% speculation, that is simply untrue. Example.

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero.
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October 23, 2016, 04:16:54 PM
 #1054

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

[...] At this time, bitcoin value is 100% speculation, it's nothing more than gambling. [...]

How much, today, is gold being used as a currency?

The problem most of us have (including myself) is trying to quantify Bitcoin into existing (asset) classes.
Is it a currency? Is it digital gold? Is it a smart contract? Is it a payment system? Et cetera, et cetera.

Bitcoin is all of that at the same time, and much more we haven't figured out yet. Bitcoin already has incredible value and yes potentially much more, depending on new use cases figured out each day and it's adoption.

Therefore I disagree strongly it is 100% speculation, that is simply untrue. Example.

Gold can be used for jewelry so gaudy people can do their thing.
You bet the value of bitcoin is 100% based on speculation. If you took away mining farm manipulation, daytraders and those who buy and  hold for a future price increase what you would have left wouldn't create a value over $10 I would guess, maybe less. As far as mass adoption, in case you haven't heard bitcoin doesn't scale. The network couldn't even support a single major city that decided to use it for all of their daily transactions.

What exactly do you think will happen when most of the coins have been mined - do you think the network hashrate will be high enough to support the transactions that are occuring today? do you really believe mining farms will be in operation for the transaction fees alone? or do you think the network will crash? I think at some point bitcoin mining will be abandoned - probably during the next two halvings, maybe sooner.
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October 23, 2016, 08:37:51 PM
 #1055

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

[...] At this time, bitcoin value is 100% speculation, it's nothing more than gambling. [...]

How much, today, is gold being used as a currency?

The problem most of us have (including myself) is trying to quantify Bitcoin into existing (asset) classes.
Is it a currency? Is it digital gold? Is it a smart contract? Is it a payment system? Et cetera, et cetera.

Bitcoin is all of that at the same time, and much more we haven't figured out yet. Bitcoin already has incredible value and yes potentially much more, depending on new use cases figured out each day and it's adoption.

Therefore I disagree strongly it is 100% speculation, that is simply untrue. Example.

Gold can be used for jewelry so gaudy people can do their thing.
You bet the value of bitcoin is 100% based on speculation. If you took away mining farm manipulation, daytraders and those who buy and  hold for a future price increase what you would have left wouldn't create a value over $10 I would guess, maybe less. As far as mass adoption, in case you haven't heard bitcoin doesn't scale. The network couldn't even support a single major city that decided to use it for all of their daily transactions.

What exactly do you think will happen when most of the coins have been mined - do you think the network hashrate will be high enough to support the transactions that are occuring today? do you really believe mining farms will be in operation for the transaction fees alone? or do you think the network will crash? I think at some point bitcoin mining will be abandoned - probably during the next two halvings, maybe sooner.

Let's stop betting and use some figures :



Price and transaction volume excluding popular address (such as exchange, so speaking about use there) are correlated by 72% since genesis block, and the variation of price is explained by a degree of 52% by the variation of transaction volume excluding popular address (all of these being statistically significant with an high t statistic value). and then you say use doesn't matter ?  Grin mate use figure, they are the only one to speak the truth...
marcus_of_augustus
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October 23, 2016, 10:56:28 PM
 #1056

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

... the thing about idiots is they never know when its time to stfu ...  Cheesy

Keep going and we'll have to give you an honorary MatTheCat replacement title

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October 23, 2016, 11:35:01 PM
 #1057

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

... the thing about idiots is they never know when its time to stfu ...  Cheesy

Keep going and we'll have to give you an honorary MatTheCat replacement title

Unless you have something of subtstance to say, gtfo.
chesthing
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October 23, 2016, 11:39:03 PM
 #1058

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

[...] At this time, bitcoin value is 100% speculation, it's nothing more than gambling. [...]

How much, today, is gold being used as a currency?

The problem most of us have (including myself) is trying to quantify Bitcoin into existing (asset) classes.
Is it a currency? Is it digital gold? Is it a smart contract? Is it a payment system? Et cetera, et cetera.

Bitcoin is all of that at the same time, and much more we haven't figured out yet. Bitcoin already has incredible value and yes potentially much more, depending on new use cases figured out each day and it's adoption.

Therefore I disagree strongly it is 100% speculation, that is simply untrue. Example.

Gold can be used for jewelry so gaudy people can do their thing.
You bet the value of bitcoin is 100% based on speculation. If you took away mining farm manipulation, daytraders and those who buy and  hold for a future price increase what you would have left wouldn't create a value over $10 I would guess, maybe less. As far as mass adoption, in case you haven't heard bitcoin doesn't scale. The network couldn't even support a single major city that decided to use it for all of their daily transactions.

What exactly do you think will happen when most of the coins have been mined - do you think the network hashrate will be high enough to support the transactions that are occuring today? do you really believe mining farms will be in operation for the transaction fees alone? or do you think the network will crash? I think at some point bitcoin mining will be abandoned - probably during the next two halvings, maybe sooner.

Let's stop betting and use some figures :



Price and transaction volume excluding popular address (such as exchange, so speaking about use there) are correlated by 72% since genesis block, and the variation of price is explained by a degree of 52% by the variation of transaction volume excluding popular address (all of these being statistically significant with an high t statistic value). and then you say use doesn't matter ?  Grin mate use figure, they are the only one to speak the truth...

Whatever, bunch of gobbligook.
Anyway, anyone with half a brain knows most of the exchange volume is in China on exchanges with zero transaction fees, it's the same f'g coins being batted back and forth, over and over. What I would like to see is data on are real purchases - people actually using bitcoin as a currency.
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October 24, 2016, 07:58:30 AM
 #1059

I dunno, Roach. Bitcoin still isn't being used as a currency, its value is still mostly based on speculation. Your chart repeat prediction isn't happening anytime soon imo.

[...] At this time, bitcoin value is 100% speculation, it's nothing more than gambling. [...]

How much, today, is gold being used as a currency?

The problem most of us have (including myself) is trying to quantify Bitcoin into existing (asset) classes.
Is it a currency? Is it digital gold? Is it a smart contract? Is it a payment system? Et cetera, et cetera.

Bitcoin is all of that at the same time, and much more we haven't figured out yet. Bitcoin already has incredible value and yes potentially much more, depending on new use cases figured out each day and it's adoption.

Therefore I disagree strongly it is 100% speculation, that is simply untrue. Example.

Gold can be used for jewelry so gaudy people can do their thing.
You bet the value of bitcoin is 100% based on speculation. If you took away mining farm manipulation, daytraders and those who buy and  hold for a future price increase what you would have left wouldn't create a value over $10 I would guess, maybe less. As far as mass adoption, in case you haven't heard bitcoin doesn't scale. The network couldn't even support a single major city that decided to use it for all of their daily transactions.

What exactly do you think will happen when most of the coins have been mined - do you think the network hashrate will be high enough to support the transactions that are occuring today? do you really believe mining farms will be in operation for the transaction fees alone? or do you think the network will crash? I think at some point bitcoin mining will be abandoned - probably during the next two halvings, maybe sooner.

Let's stop betting and use some figures :

[img]https://i.imgur.com/53UfCoi.png[/img

Price and transaction volume excluding popular address (such as exchange, so speaking about use there) are correlated by 72% since genesis block, and the variation of price is explained by a degree of 52% by the variation of transaction volume excluding popular address (all of these being statistically significant with an high t statistic value). and then you say use doesn't matter ?  Grin mate use figure, they are the only one to speak the truth...

Whatever, bunch of gobbligook.
Anyway, anyone with half a brain knows most of the exchange volume is in China on exchanges with zero transaction fees, it's the same f'g coins being batted back and forth, over and over. What I would like to see is data on are real purchases - people actually using bitcoin as a currency.

Are you able to read Huh?
Viakor
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October 24, 2016, 01:05:50 PM
 #1060

Since you're the weakest hands trader on earth, I'm 100% positive you were out of the market when it went from $454 to $460.  Now you're going to wait on the sidelines for days praying for a drop, then it will just explode upward forcing you to FOMO buy.
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