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May 05, 2014, 11:43:09 PM

Not sure why holding an asset which has doubled in six months with the potential to once again go much much higher makes you a 'fkin idiot'. You managed to lose money in that timeframe by playing with leverage.

In terms of managing risk there is a lot of room for the price to move south and for buyer of 6 months ago to still exit with no loss. If all bitcoin holders are stupid then why not sell all of yours and make this forum a brighter place by leaving? You won't because at the back of your mind, despite the recent price action, you know there is a good chance that the price will surge upwards on its next run and you don't want to miss out.  Smiley

Because though you won't admit it, bitcoin remains a great disruptive technology which could still change the world, and if it does, it is just about the strongest assymetric trade out there today. With all the price specific commenting on this forum that is something that i think gets lost in the noise of the shrill bearish chatter. That is why everyone is here, right?

Just ignore MatTheCat.  He thought he had trading and TA all figured out, posting all these elaborate calls and what not.  Then he fucked up a bunch of shorts and lost his shirt.  His modus operandi is to now call out Bitcoin conspiracies of destroying third world economies and what ever other lunacy filled rant he's come up with at the time.

Aaaand, all of this is after he forwent his opportunity to load up on coins at 1$ because he was too busy buying drugs off of SR.

Hell regret that for the rest of his life!

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