Lose all your capital fast, with MatTheCat and his TA 101A! - page 15.

gentlemand

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Welt Am Draht

Quote from: readysalted89 on October 20, 2016, 06:44:56 PM

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.

readysalted89

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Quote from: r0ach on October 18, 2016, 01:36:10 PM

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.

Quote from: MatDerKater on October 10, 2016, 08:09:44 PM

fwiw, I think that Bitcoin is set to make it's way up above $1500 eventually........

r0ach

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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.

Wexlike

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This sentence is a headline of zerohedge.

sandiman

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Quote from: ?? on ??

Quote from: r0ach on October 08, 2016, 07:25:05 AM

Quote from: sandiman on October 08, 2016, 05:40:30 AM

Quote from: r0ach on October 07, 2016, 04:04:09 PM

Quote from: Torque on October 06, 2016, 11:15:39 AM

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

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.

sandiman

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Quote from: notme on October 17, 2016, 10:40:38 PM

Quote from: r0ach on October 08, 2016, 07:25:05 AM

Quote from: sandiman on October 08, 2016, 05:40:30 AM

Quote from: r0ach on October 07, 2016, 04:04:09 PM

Quote from: Torque on October 06, 2016, 11:15:39 AM

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

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

notme

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Quote from: r0ach on October 08, 2016, 07:25:05 AM

Quote from: sandiman on October 08, 2016, 05:40:30 AM

Quote from: r0ach on October 07, 2016, 04:04:09 PM

Quote from: Torque on October 06, 2016, 11:15:39 AM

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

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?

MatDerKater

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Quote from: Torque on October 06, 2016, 11:15:39 AM

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

Gold is real wealth Torque, right down to it's atomic, and sub atomic nature. It is the epitomy of the 'law of attraction' in the material world. Bitcoin is just another attempt at a convenient placeholder. I seen the gold dip coming, no big deal, been holding for years. One lesson I have been taught from getting a couple of my Bitcoin accounts plundered, is the danger of counter party risk. No matter what way you look at it, Bitcoin has counter party risk.

fwiw, I think that Bitcoin is set to make it's way up above $1500 eventually, but after the Kraken and then Bitfinex headfucks, I just can't bear to go near it now. Great profits to be made no doubt, but it is playing with fire. I shall stick with fiat to pay bills, and physical metals to store wealth.

r0ach

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Quote from: sandiman on October 08, 2016, 05:40:30 AM

Quote from: r0ach on October 07, 2016, 04:04:09 PM

Quote from: Torque on October 06, 2016, 11:15:39 AM

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

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.

sandiman

hero member

Activity: 560

Merit: 501

Quote from: r0ach on October 07, 2016, 04:04:09 PM

Quote from: Torque on October 06, 2016, 11:15:39 AM

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

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: Torque on October 06, 2016, 11:15:39 AM

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.

Torque

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

Paashaas

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Quote from: glub0x on September 10, 2016, 04:17:17 AM

Quote from: Paashaas on September 09, 2016, 10:13:07 AM

2. Use an exchange where you dont need to move fiat ore coins to it. Eat that small extra free for each trade fore more secure trading. (I've never ever moved 1 singel coin ore $ to an exchange fore almost 3 years Shocked

. When i buy BTC i get the coins almost instant in my Trezor and when i sell i get my money the next working day. If i pay them $7 then i get the money within 60 min)

May i ask you where is this fantastic place?
Looks like i'm not up to date anymore...

I dont know from witch country you are but that fantastic place is https://bitonic.nl/en/, located in The Netherlands.

glub0x

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Quote from: Paashaas on September 09, 2016, 10:13:07 AM

2. Use an exchange where you dont need to move fiat ore coins to it. Eat that small extra free for each trade fore more secure trading. (I've never ever moved 1 singel coin ore $ to an exchange fore almost 3 years Shocked

. When i buy BTC i get the coins almost instant in my Trezor and when i sell i get my money the next working day. If i pay them $7 then i get the money within 60 min)

May i ask you where is this fantastic place?
Looks like i'm not up to date anymore...

STT

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Leading Crypto Sports Betting & Casino Platform

Nothing is sold on those exchanges except more promises for money and in theory value but in practise nothing is ever actually delivered except receipts for potentially some token of worth. Ive heard this description of normal currency, its not true because the real power for price discovery can only rest with producers and consumers who are also supplying their labour in most cases so again are also producers and sellers.

That constant exchange of worth between actual people with real substance and worth to their actions, this is the price discovery. If a billion people want to buy chocolate, it has worth and if its also traded on an exchange and chocolate mix is a tradable commodity then sure some fine tuning in the back rooms of factory mass production cost and sale is discovered perhaps. The main dictator of worth of anything at all is people, the mass of an economy is billions not the few who decide a protocol in bitcoins case or the smart asses who ride market prices on exchanges internet or dollar based. If a billion people decide chocolate is of no interest to them and they'd rather eat beef and rice then that is the final decision, no finesse on any exchange will discover otherwise

MatTheCat

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Quote from: chesthing on September 09, 2016, 07:42:48 PM

You missed my point, which is you have no hope of any "trading" success without keeping both fiat and btc on an exchange. I have no problem with early adopters, but they have no business criticising people who heard about btc after it's $1100 run for trying to improve their positions. I realize they had challenges back then when it was worthless, but it's a totally different game when a bitcoin costs hundreds of dollars.
And you are damn right early adopters were lucky. I never heard of btc before late '13/early '14. If I had heard about it and looked at it I may have seen it's value, but I'll never know. Those who found it and saw it are the only ones who had the chance. Stumbling upon it in the early days is 100% luck.

Well, I 'stumbled on Bitcoin' when it was still in single figures and did at one point have 177 BTC sitting in my wallet (bought for like $3.50 each or something), but then Intersango, the only UK exchange closed. Looked at Gox and Stamp and was like "passports, utility bills, bank details!?!?! No fkn chance!"......so I ended up spunking the lot on Silk Road. By the time I was seriously looking at putting around £1000 into Bitcoin, it was in double figures and approaching X-Mas 2012. I had a theory, that the Bitcoin price was driven by Silk Road demand (cos what other use was there for Bitcoin), and that therefore, after X-Mas and New Year, the price would go back down to single figures, at which point I would buy.....lol........but I think the fact that I am a fucking loser has been well established by now.

You have more than a point regarding the need for Bitcoiners to be able to hold Bitcoin and USD on exchanges. The exchanges is where the entire price discovery mechanism is. Bitcoin is only worth anything, because it can be easily converted for national currencies on these exchanges. If everyone took the advice of those who advise against trading on exchanges, then Bitcoin would be worthless.

chesthing

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Quote from: Holliday on September 09, 2016, 04:13:33 AM

Quote from: chesthing on September 08, 2016, 07:22:28 PM

Now, if you are still a lucky bastard who paid a buck or less for each btc and keep them in cold storage, go fuck yourself - you don't have the right to criticise someone not in that boat.

Keep pretending that all it took is some "luck" to understand Bitcoin early enough and hold tight that long.

Besides, Mat has known about Bitcoin long enough to have been in that boat... which clearly illustrates that it takes more than luck.

Regarding trading: Speculation is 20% of the traders making money off of the other 80%. If you can't spot the sucker at the table...

You missed my point, which is you have no hope of any "trading" success without keeping both fiat and btc on an exchange. I have no problem with early adopters, but they have no business criticising people who heard about btc after it's $1100 run for trying to improve their positions. I realize they had challenges back then when it was worthless, but it's a totally different game when a bitcoin costs hundreds of dollars.
And you are damn right early adopters were lucky. I never heard of btc before late '13/early '14. If I had heard about it and looked at it I may have seen it's value, but I'll never know. Those who found it and saw it are the only ones who had the chance. Stumbling upon it in the early days is 100% luck.

Paashaas

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Activity: 3463

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1. Buy a Trezor.

2. Use an exchange where you dont need to move fiat ore coins to it. Eat that small extra free for each trade fore more secure trading. (I've never ever moved 1 singel coin ore $ to an exchange fore almost 3 years Shocked

. When i buy BTC i get the coins almost instant in my Trezor and when i sell i get my money the next working day. If i pay them $7 then i get the money within 60 min)

3.Buy low sell high on decent down/upswings, dont be to greedy Kiss

4. Profits!

This is what i do and will do for many years to come and the results so far are great;

- My Bitcoin bag is getting bigger over time.

- Nobody can touch my coins.

- Making fiat profits.

oda.krell

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Quote from: Holliday on September 09, 2016, 04:13:33 AM

Regarding trading: Speculation is 20% of the traders making money off of the other 80%. If you can't spot the sucker at the table...

I like that line a lot. Think I'm going to nick it, for use in future discussion. It can even be seen as a succinct way to capture why some people believe in the EMH even though technically the EMH is unlikely to be true, universally - it's probably true for the majority, so it makes sense for them to stick with the claim.

Holliday

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Quote from: chesthing on September 08, 2016, 07:22:28 PM

Now, if you are still a lucky bastard who paid a buck or less for each btc and keep them in cold storage, go fuck yourself - you don't have the right to criticise someone not in that boat.

Keep pretending that all it took is some "luck" to understand Bitcoin early enough and hold tight that long.

Besides, Mat has known about Bitcoin long enough to have been in that boat... which clearly illustrates that it takes more than luck.

Regarding trading: Speculation is 20% of the traders making money off of the other 80%. If you can't spot the sucker at the table...

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