Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 13. (Read 85765 times)

Matt months ago I told you bitcoin is bullish don't fight the trend. You should have listened mate, buy and hodl, so easy when you know how.

edit: and don't hold it on an exchange

Quit the drugs, market buy, wait a couple years and profit.

Or, you know, keep doing whatever it is you think is worth doing. In the meanwhile, I am on the cusp of being financially independent. You only have yourself to thank for your situation.

won't ever buy Bitcoin ever again.......

.....except in small amounts to buy drugs with.


In Bitcoinworld, you can get fleeced within the blink of an eyelid, and there aint nothing you will be able to ever do about it.

Nope. You are still working against yourself.

The price of bitcoin is a direct function of supply and demand. The supply is known, the newly minted amount of coins is known. The demand is the entire world. What percentage of the world is currently using bitcoin?

You don't even deserve this much help. Fortunately for you, I am drunk and in a giving mood.

Market buy whatever you can afford NOW. And don't touch it for the next ten years.

I have to concede, that I am giving my own psychological pathology a lot of consideration in how it is influencing my decisions, both in Bitcoin and in life in general.

I don't think I have a need to play the victim as such, but have a crushing lack of faith in my own judgement, I always believe that the fuck-up is just around the corner, and therefore I am always trying to dodge the bombshell, and always fighting with myself, which leads to some terrible decision making, not to mention some painful karma.

I have lost way more than I have made in Bitcoin, and therefore decided to learn to trade. Just as I was getting to the point where I was turning a regular overall profit, I got my Kraken account emptied whilst I was on holiday(and told to fuk off by the exchange), and then before I got around to emptying my Finex account of funds, Finex dipped 36% of my total account. This was the point where I decided I was finished with Bitcoin for good, despite having a very strong hunch (as I posted in this thread), that Bitcoin was set to be taken up to $1500. What I done instead, was take the remaining BTC I had, and put it all into Shitcoins. I am down around 50% on the whole lot.

In conclusion, I hold my cognitive and intuitive abilities in high regard, but realise that my subconscious make-up will always conspire against any conscious goals that I have, especially when I am operating in any high stress/tension capacity, where the stakes are high.

But with all that said.....

Whilst getting burned in Bitcoin may have resulted in me missing out on large profit opportunities, it also taught me an invaluable lesson not just about Bitcoin, but about the nature of counterparty risk. I hold quite a lot of precious metals which have had a terrible past 5 years overall, but in the long run, long after Bitcoin has imploded upon itself and is rendered worthless, and long after the current global currencies have evaporated as the inflatable promises that they are, gold and silver, that you hold in your hand, will have real value.

Just as I had/have a belief that Bitcoin goes to $1500, I also have a belief that gold is the ultimate representation of real wealth, right down to it's sub atomic nature. If my experiences in Bitcoin have taught me anything, then it would be to have faith in what will unfold in the long term, and don't be drawn into short term machinations and shenanigans.

Gold is the ultimate hedge against a collapse of faith in currencies.

Bitcoin is billed as a hedge against a collapse of faith in currencies, but will itself go up in smoke long before the dollar is in it's last throws, taking a shit ton of notional wealth down the Black Hole with it. Mark my words.

He does that. He has a pathological need to be in the victim role, even at personal expense.

Yes it is. Of course not on margin and not intraday. Too volatile still. There are few traders who do well in intraday, and to beat just following bitcoin's obvious multi-year trend (aka hodling) by intraday trading over several years you have to be very good, top 1%. So bitcoin (and crypto in general) you trade by: removing your funds from exchanges. Transfer back only to sell multi-year peaks, or buy multi-year lows. Or get burned, like Mat here.

Of course, if you are a professional trader and can beat 100% yearly appreciation even with the added risk of your funds being stolen at an exchange, then by all means, do it ) For the rest of us, and at this stage of bitcoin history, just holding is a much better bet.

How much did you lose on finex? I thought it was insured?

I'm gonna go out on a limb here and say a 90% retrace stop loss is not how you trade Bitcoin.

Oh Mat you are still so funny, blaming bitcoin for what is simply human nature. Don't want to get cheated - don't play cheaters game. Bitcoin has absolutely nothing to do with finex or any of the exchanges.

PS Trades in the last two years: zero. Energy spent: zero. Profit (paper): +300%. Speculative position closing target: $2500. Stoploss: $100. That is how you trade bitcoin.

He has a bunch of Jews in his family, but even I have one that married into my extended family.  Having said that, 150,000 Jews did fight for Hitler in WW2, so maybe a few will fight under Trump.  It feels like Trump is just giving them free reign to do whatever they want in the middle east to appease their constant crying, while at the same time attacking their media monopolies and possibly actually doing something about the financial system at home (but who knows).  

Are you aware of the whole FOA/FOFOA "freegold" theory?  What's your input on my analysis of freegold vs silver vs bitcoin:

https://steemit.com/money/@r0achtheunsavory/if-there-s-any-plausible-conspiracy-involving-silver-and-bitcoin-this-is-it

you're screwing yourself out of a huge opportunity over a silly grudge. to sum up what you just said in one little sentence.

I said some time ago that BTC was going to $1500......and it is surely on it's way there.....give or take a brutal correction or two along the way.....

But of course, since getting robbed by Finex (and Kraken), I have ceased to give a flying fuck about Bitcoin, and hence am in no trade, long or short.


Cesspool of sharks and crooks, and totally manipulated by shady little yellow bastards, 10 times more devious and cunning than any Wall St Zionist Jew Banker. Beware the yellow peril u red neck hick stupid dumb white american n00bs.

@gentlemand......I wouldn't even know how to sign anything......yeah, my account was hacked and used to con some retards out of some Bitcoin (Hurr durr, hey guys, I got a get rich quick scheme for ya.....send me some coin and I will let ya in on it...Hurr Durr).....just another example of Bitcoin being a cesspool full of shit and pish.

P.S. Trump your president r0ach? I wanted him to win also, but only cos the alternative was Hillary and almost certain hot war with Russia...... How you feeling about Trump having such a big hard on for Israel?

Was MatTheMat kidnapped by the NSA due to his reverse indicator being too accurate?

Silver is holding up.  The spread is $1.52 between US and China so the jews can't naked short manipulate it down anymore.  RIP jew manipulation.

Mat also doesn't understand that only a fool would buy gold over silver when the gold to silver ratio is over 50:1 (it's currently 70:1 - meaning silver is way undervalued compared to gold).

Ohhhhhh Ma-yatt dat Gold price doh    

Well, that manipulation is all on purpose.  You see, Wall Street controls the Gold derivatives market too, and can yank that lever up or down whenever they like.  Before the impending stock market crash that IS coming #soon, they first need Average Joe to come in and buy their over-inflated shares that they have been levitating for 2 years now.  Retail investors are ALWAYS the ones left holding the bag in a rally/crash, but currently Average Joe is sitting on the sidelines, and sitting on his money.  

Wall Street needs one last epic rally, needs the market to charge higher early next year, in order to give the "All Clear" signal to retail investors that everything is fine, that the world economy is finally turning around, and to finally jump in and take their expensive shares off their hands because everything is returning to normal.  Then out of the blue, a stock crash will come, shocking everyone but the Wall Street insiders.

My theory is that if the stock markets DO rally next year, a rally would have happened with EITHER candidate winning the presidency. It's entirely possible that Bitcoin will benefit from a stock market rally too, just like it did in 2013.

The MatTheCatGartman reverse indicator even worked for the election:



and r0ach direct indicator:


Although I didn't expect them to be able to manipulate metals down when they should be going up with helicopter money Trump.  Look at the fucking absurd news titles they're running that make zero sense:

"Gold Prices Plummet 6% as Trump Win Fuels Risk"

Risk up and gold down? LOL.  

I think the literal expansion of US debt is more dollars, hence inflation.    Every US treasury bond promises to pay out a set number of dollars, whats actually happened in the past is to delay that payback date.    So they take out a new loan to renew the now expiring debt and not only does the treasury do this they also issue new bonds to cover the debt interest that was owed.   On top of that the treasury is also running a deficit and issues even more promises to pay new dollars in order to cover the gap in the budget and tax take.

All of that is covered up by the QE programs, an inside man who will buy all new debt issued no matter the reasoning behind it.   This owner of debt has no assets, nothing to give in exchange for the debt that has been bought but is in control of dollars issued and expands the monetary base in order to include its new found wealth and ability to buy debt.    All of this is inflation, the government never runs short of money and FED never actually produces the notes physically but its inflation of the total dollars used and by at least the old definition this is inflation.    The new definition ignores inflation until certain prices rise

I do believe the average person does not have alot of money.  As a proportion of the economy, the government is larger then ever not through enterprise but monopoly of dollar production.   This isnt capitalism, people with normal income are poorer just from the % taken at source by government from dollar worth. 
Large business with large debt issuance are less effected