Mat-isms & More: Tales from the trading floor of the Bitcoin markets

[r0ach]

Yes, we are aware you and this "Phoneix1" person are part of the Mat "trading team" or "bonfire money team" or whatever you want to call it.

Well atleast this time there is no zionist world conspiracy or something around that line

Mat is only an aspiring Jew, mostly an unsuccessful vampire at present.

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[vuduchyld]

Yes, we are aware you and this "Phoneix1" person are part of the Mat "trading team" or "bonfire money team" or whatever you want to call it.

Well atleast this time there is no zionist world conspiracy or something around that line

Mat is only an aspiring Jew, mostly an unsuccessful vampire at present.

You sound like you have a real problem with Jewish people.

Maybe I stole your girlfriend?  Sorry.

[r0ach]

Yes, we are aware you and this "Phoneix1" person are part of the Mat "trading team" or "bonfire money team" or whatever you want to call it.

Well atleast this time there is no zionist world conspiracy or something around that line

Mat is only an aspiring Jew, mostly an unsuccessful vampire at present.

You sound like you have a real problem with Jewish people.

Maybe I stole your girlfriend?  Sorry.

No, not really.  When you see a raccoon getting into your trash can and dumping it all over your yard, you don't hate the raccoon, you just say, welp, knew that was gonna happen.  When you see Goldman Sachs issuing mortgage backed securities, you just stare in awe thinking, this is a scheme only the Jews could even dream about attempting, while gazing at their sheer efficiency of wealth extraction.

[road to morocco]

Maybe I stole your girlfriend?  Sorry.

Roach's GF? Ewwww!!!!  Eww eww EEeEeeWWW!!! To each his own, I don't judge :-

http://www.betterphoto.com/uploads/processed/1007/1002070519061roaches-mating.jpg

[r0ach]

Today's randomly generated market forecast:

it is futile trying to read these markets

[r0ach]

There's around 8 million dollars in price suppression walls on multiple exchanges coordinated by one entity right now trying to force triangle convergence lower.  Much of it was Bitfinex staggered ask wall going from around 10k btc to 25k btc in a 24 hour period, while the same thing is going on at Bitstamp and BTCE on a more visible level.

The "not so invisible" hand of the market:

[afbitcoins]

I gave up on Mat, he's the only person on my ignore list I think and a big factor why I don't bother posting my analysis anymore. Keep all the good stuff for myself.  I find him to be rude and obnoxious especially if you dare to have a different opinion than him. Still his quotes are amusing.

[MatTheCat]

There's around 8 million dollars in price suppression walls on multiple exchanges coordinated by one entity right now trying to force triangle convergence lower.  Much of it was Bitfinex staggered ask wall going from around 10k btc to 25k btc in a 24 hour period, while the same thing is going on at Bitstamp and BTCE on a more visible level.

The "not so invisible" hand of the market:

Those 'price suppression' walls have been erected to be devoured. Mark my words. When the 'jerks' really want to push the price down, the n00bs won't see it coming, or indeed, instead of price suppression walls they will put in price support walls, in order to encourage as many additional n00bs into long positions as they possibly can, before dumping on them all. Seen it many many times.

[r0ach]

They weren't "devoured", they were put up to try and shake out longs.  Then they were all just pulled after.

[r0ach]

Two new additions:

been pretty much all down hill from there, as I scrapped around with TA that I didn't really understand

I am a loser trader, and I make terrible decisions.  Overall, I have given more to the Bitcoin market than I have taken from it.

[r0ach]

New quote added:

this volatility is joke. It can't be classed as a serious investment, we can have fun with it, but 40% falls in a few hours without any real reason, that isn't a serious investment.