Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto

[seleme]

Mat I am Bullish on Mondays, Bearish on Tuesday The Cat

[Solarstorm75]

Mat I am Bullish on Mondays, Bearish on Tuesday The Cat

This is day trading at it's best and completely fine. It's all about make huge profits.

[Elwar]

Mat I am Bullish on Mondays, Bearish on Tuesday The Cat

Someone got paid Friday and is waiting for his money to get to his exchange account.


For someone who knows anything about Bitcoin to think that the bank is the safest place for his money shows how serious he actually is.

And don't forget to declare all that money you just dumped into your bank account on your taxes.

[seleme]

Mat I am Bullish on Mondays, Bearish on Tuesday The Cat

This is day trading at it's best and completely fine. It's all about make huge profits.

Day trading is day trading, making long term predictions is another pair of sleeves. ANd Matt screams one, then other each 5 minutes.

In fact, he, I can't be more humble than this, just lacks the balls, his are like peanuts and he'd rather not lose 100$ than make 5 000$. That's why he barely made any money from Bitcoin despite being around when it was at single digits, you really need to be a Special One (and I don't mean Mourinho type Special One) to manage that. And he is very, very frustrated about it, I can understand that though

I thought Scots are bit harder than this, damn Brave Heart

[eiskalt]

Bitcoin is really looking weak ATM, across the board (MAs, Volume, Indicators, Downtrend still not broken).

So it seems likely, that Mat´s call regarding BTC/USD is correct.

But maybe putting some of your USD into Litecoin could be worth a second thought...

[Solarstorm75]

But maybe putting some of your USD into Litecoin could be worth a second thought...

+1

[MatTheCat]

How long does it take to buy back? Hm?

1 day. It takes one day for me to shift funds from my EUR bank account back onto Bitstamp. But I doubt I will be in much of a hurry when I do put a decent amount of cash back on the exchange.

In fact, he, I can't be more humble than this, just lacks the balls, his are like peanuts and he'd rather not lose 100$ than make 5 000$. That's why he barely made any money from Bitcoin despite being around when it was at single digits, you really need to be a Special One (and I don't mean Mourinho type Special One) to manage that. And he is very, very frustrated about it, I can understand that though

How much did you make from the precious metals run up? Did you buy in early 2000's, or didn't you have the balls?

Me? I never had neither the cash or the investment mentality in the early 2000s. By 2010, I still lacked the investment mentality, but I did have the capital and I certainly bought into all the Silver Stacker and Gold Bug hype and fairy stories with big bad central banker arch villians n shit. Because I bought into all the flawed paradigms in much the same way as Bitcoin Nutter does, I failed to take profits at the top of the PMs markets, or even recognise that the tops were in and it was gonna be a long and painfully slow bearish consolidation period for the next 3 years.

Actually, it only in the last 3 months that I have began to learn how to think like an investor and my education has been frantically jumping onboard a parabolic Bitcoin juggernaut and actually making a good bit of money without having the slightest fucking clue about what I was doing or even how to read the simplest of chart indicators, and then listening to my gut instincts and jumping off with 90% profits still intact before this sucker went down. Any fool can make money in an expanding market. In a retracting market, by its very definition, most people lose money, so simply breaking even in a declining market means that someone is doing better than your average Joe. And actually, I continued to make money, although knowhere near as much as during the bull run.

In my limited experience, being a good trader is as much about having good instinct as anything else. Anyone can draw any set of lines on any given financial chart and start making bullish/bearish cases left right and centre. It is the instinct of the individual that sorts out the grain from the chaff. I have discovered that my instinct towards Bitcoin has generally served me very well, even if my reasoning and logic often has not. I have been bearish pretty much since the eve of the big tumble down, with little bullish stints here n there in between. My most recent bullish sentiments occurred right in aftermath of $400 crash. I knew I was bullish but my logic told me that surely there needed to be a retest of the lows, but it never did come to pass, yet. So one whale came to market and panic bought the market up to $710. In the $600 ranging aftermath of that, I remained 'bullish' in theory but with a creeping sense of doubt which has grown to represent my current Bitcoin instinctive sentiment. Holding Bitcoin long, from here into the medium term is for me, simply going to be a high risk means of slowly losing purchasing power. Leveraged long/short trading of Bitcoin is also out of the question in a stagnant market, with any significant movement likely to be coming from exchange insiders looking to squeeze out margin traders' USD into their pockets, as we have arguably witnessed over the past week or so.

Bitcoin for now, is a must leave asset class and failing some sort of isolated economic crisis that has a certain proportion of the victim populace rushing into Bitcoin in order to shift funds around, is likely to remain so for some time yet, at least as far as Bitcoin time frames are concerned.

[podyx]

im actually considering we gonna see a 2011 bear market if we dont go up soon enough

[arepo]

im actually considering we gonna see a 2011 bear market if we dont go up soon enough

don't fall prey to this false dichotomy -- protracted, sideways consolidation is always an option.

[amencon]

In the not so distant future bitcoin will be 900$
then you will realize this is a buying opportunity and send your money back to the exchange
by the time your money arrives at the exchange price will be have double
you will still buy in, because you understand the market, and because bitcoin.

 

Spot on.

Also, "in the not so distant future" will probably be around late April/early May, so I also think Mat didn't pick the smartest moment to withdraw all funds. But let's see, if there's one consistent theme to his posts it's that he changes his opinions pretty quickly (nothing wrong with that, btw. better than being permanently stuck in either bull or bear mode, imo)

The other theme being his unrelenting and highly transparent book talking.

To be fair, he was one of the relatively few dissenting voices during the ~800 "stability" phase that warned (and I'm using the word "warn" loosely here -- more like "shouted without interrupt") that we'll go down further. Probably got quite a few ignores for that, undeservedly so.

Right or wrong, frankly, I don't like his posts because he uses the word "nutter", ugh.

[cosmofly]

good move mat

[TERA]

[seleme]

How much did you make from the precious metals run up?

None, but I made hundreds of thousands from Bitcoin and crypto I couldn't give a shit about precious metals and their lack of wild pumps and crashes. I'm "gold digger", fortune seeker, I'll get rich or die trying. It's the opportunity of my life and I won't live my life regretting for missing it because I lacked the balls, I don't want to do mistake you did I won't stop when I am one step from saying - "I fucking did it".

And if I fail, I can always be slave of some big guy just like I'd be if I'd quit now, buy myself a house and be happy with just that. Fuck that, I'm perfectly fine renting my apartment, I'll buy The House or I'll rent for life
I just sent 50$ of charity payment to the family in the need here where I live and I feel like I'm on the moon. I can't wait to be able to send 500$ to such cases with same ease, just that is worth of all of the risk I made and I am making.

Even if Bitcoin goes down to 100$ I'll still have enough money to pay bills for next 3-4 years. And I'm fairly sure I'd double my Bitcoins till then and make it 7-8. In that time all kind of things could happen

But seriously, people who are scared to death to lose few thousands are not for this game. It's day job for them, happy calm nights with their wife and kids. Nothing wrong with that though, I was raised in a family where just enough was enough and there were times when I wished I could live that way but luckily I twatted that thought fast each time  

There's no easier way to make money than Bitcoin/crypto is. If people are scared to shit to lose some money here than they're not made for it. There are loads of alts that are certain 3-5 bagger in next few weeks/months at most if bought right now and there's no chance Bitcoin will go down as much. Yeah, they might go even more down but they'll be back just like they always do. It's a free money baby, how the fuck could someone be scared from such conditions?
I know how, by being fancy TA slave chart bragger and not looking further than narrow and boring btc vs usd price

So good luck, it's your money and you're free to do with it what you want. In all honestly, I won't miss you a bit (here is the hoping you'll fuck off now and stop posting completely :p ), you're epitomizing the mentality I hate to guts  
You're like those football fans that moan from 1st to 90th minute of the game, no matter what the score is

[TERA]

I couldn't decide whether or not I wanted to stay in the btc markets or withdraw everything in fiat, so I made a compromise: I made so many profitable trades in the past 2 months that I doubled, or "cloned" my funds (in terms of fiat) value. Now I've taken one clone and left it in the btc market and taken the other clone and withdrawn it in fiat. So I can pretend like nothing happened and I can have my cake and eat it too. Here is how my funds are currently diversified:

-----the 50% btc:
15% in cold storage
10% on altcoin exchanges
     (So at least half of my btc funds are long at all times, unless I short on bfx)
25% on bfx to trade btc/usd charts
  
-----the 50% fiat:
15% to pay my taxes
5% in precious metals
15% in cash reserves in a bank account - enough to pay living expenses for a year and cover the unexpected
15% in a brokerage account to daytrade forex, futures/commidities, options, and stocks

Hopefully with the brokerage account I will be able to take out most of my trading urges there (with all the gigantic volumes) and make money to put IN to the btc markets rather than constantly sucking money out of the btc markets like people are accusing me of.

You guys make everything seem so black and white. You don't have to do that. You can split your funds up and do both. Diversification is good.

[MatTheCat]

But seriously, people who are scared to death to lose few thousands are not for this game. It's day job for them, happy calm nights with their wife and kids. Nothing wrong with that though, I was raised in a family where just enough was enough and there were times when I wished I could live that way but luckily I twatted that thought fast each time  

You talk a fkn good game. But if your posts and opinions before 'The Event' in anyway resemble your trading decisions, then I am surprised that you aren't sucking sailors dick in order to fund your Bitstamp account. Not once have you ever made any comment that has proven either insightful or turned out to be true, yet you are never in short supply of posts bamming on about how much profit you made on your latest trades (even though market just went in totally opposite direction of the way you were banging on that it was going to go). Go on, prove me wrong. Give me a link to just one single fucking post that you made, where you predicted anything that Bitcoin did in advance.

Facts are, if you are not a complete bullshitter, like so many around this place you are just a below average intelligence Jimmy Shit for Brains that got lucky. You invested a couple of K in Bitcoin at the right time, as I or anyone else who knew about Bitcoin in 2011 could have done (but didn't and/or ended up spending it all), and you got lucky big style. Good for you. You are rich. But being rich doesn't stop you being a fucking idiot. A talentless waste of space, good for nothing except for blowing the same old tired tunes out your trumpet of how successful you have been.

If in real life, you are anything like the tone of your posts suggest, you are well overdue a take down and it will happen, it happens to everyone that isn't capable of smarting up before the inevitable occurs.

You guys make everything seem so black and white. You don't have to do that. You can split your funds up and do both. Diversification is good.

Most people aren't actually traders, me included, and Bitcoin is the first thing they have ever actually traded. I shall start to look at other trading games to play with my capital as Bitcoin is going to continue to suck, for possibly quite some time to come.

[seleme]

Not that I need to do it but just to make you shut up. I don't give a shit about posting my calls usually, I trade for myself and my wallet, not for glory and to be found right you fucker. I don't open drama threads to find confirmations and support for my pants shitting like you do

There's more stuff in some wallets and smaller exchanges.. I took a bit of hit on some alts recently, started buying too early some of them but never mind, most of them except maybe WorldCoin will be the megaprofit at some time, though I'll probably make WDC average better too so might make some change there too.

And that's all with 1000$ investment and never ever drawing a single fucking chart as I don't know the shit about that fancy bullshit. Now fuck off







Don't want to post Cryptsy portfolio, only balance as I don't want you to know what coins I am buying there

[TERA]

That's a lot of funds to trust with RealSolid...

[seleme]

That's a lot of funds to trust with RealSolid...

I trust him currently more than any other exchange, I'm actually moving stuff from BTC-e there as soon as I buy it

And we hate each other's guts heavily personally.

He is cunt but he won't do any bad things with McxNow, it's matter of his pride now.

[MatTheCat]

And that's all with 1000$ investment and never ever drawing a single fucking chart as I don't know the shit about that fancy bullshit. Now fuck off

Two Things.

1) Seems you can't resist the chance to show the world how much money you made.....which it turns out isn't very much, about what I could earn in a year if I really wanted to bust my ass and spend half my time away from home. I thought you said you made hundreds of thousands? If you had done, you are such a fucking bampot I am utterly convinced that you would be showing the rest of it off

2) See what I highlighted. That tells me everything that I need to know, yet already suspected about you. Did you have learning difficulties at school? Was it dyslexia? Didn't your parents ever encourage you to learn? Too much junk food fucked with your brain development? No, you aren't very bright and you know it, but just look at that fantastic collection of shitalt-coins that you have! Go, buy some moaaaar whilst they are all still so cheap...please!?

LOL. Wisen the fuck up or you will end up losing that paltry little pile of capital that you have.

[seleme]

Cry me a river Matt, of course I can't resist to put it in front of your nose after all yours "I shat my pants and you should all do if you're not idiots" big talk here. And you actually asked about it  

It's usually twattish to do what I've done 3 posts ago, that's what is expected from rpietilla's and alikes but in your case, I enjoyed it as I can't stand your wanna be smart arse personality you are presenting here for months