Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 33. (Read 85774 times)

I'm up fiat-wise 400%, all reinvested back into BTC.  I know a few others in the same boat.  When a lot of the big winners of this rally are not cashing out to fiat and just enlarging BTC positions, this is why you don't see much big drops.  There's no reason to cash out of BTC.  It still has tons more upside potential.  Logarithmic price of BTC says it should go to $1800.  GBTC is buying coins for $1350.  Then of course if a big parabolic move occurs similar to the last move, that would put it in $3000-4000 territory.  Post-halving scarcity should continue a bullish trend too.

I only put 0.5 BTC into it....an amount I couldn't give a fuck about losing....

....perhaps this will prove the key to me successfully hanging in there and waiting on a hefty profit taking %.

No, I sold 22k privately on this thread https://bitcointalksearch.org/topic/m.15073396
I couldn't stand watching bitcoin pump so I sold 2/3 of my coins for almost 2x profit, but most likely I will regret it. Bittrex on the 20th it's supposed to launch.

Waves Trading yet?

Matt, there is a reason you spend so much time watching/analyzing/thinking/dreaming about crypto - it's because it's g'damn addictive and fascinating. Think about all those people out there who don't know any of this is going on yet and ask why most won't have the same reaction you and I have had to it. Just buy it and hold it and stop trying to make a few bucks here and there with it.
Btw, my 12 bitcoins into Waves has turned into 14 btc and 10k free waves that's worth currently 6 btc but will be worth much more when it pumps.

Nope, I am a fucking idiot....all this time we spent talking about the big Halving Pump, and I have basically gone and missed it, always waiting in the FU move, or the one last dump, missing the really big moves but managing to scrape a few crumbs off the table here n there....and basically being in a position where my capital has increased by about 20%, but the amount of Bitcoins I can control has decreased by around 40%.

.....but, now that Bitcoin is mid run, around 70% of the way up to it's next harmonic target at around $820....I can't be going long here (just a few bucks short of the trade target that I chicken shitted out of at the first sign of trouble). Will wait for the next consolidation and watch for the Ws to come in......


.....With that said, going by past experiences, a brutal wipe out of FOMO buyers is pretty much a given with any Bitcoin pump, normally occuring about half way up the move.....2013 saw $750 correct down to $300s...and then right back up to $700 within a few days......all that is immaterial however, as I know very well that no way have I got the balls to catch one of those Bitcoin falling knives...whenever it occurs.

I don't think this is going to dump anytime soon, closing longs right now is not a good idea.

61.8% RLZ is at $787, and since BTC has come so far now, I would have to imagine that it is going to get there, and then some.

There will be pro traders out there, whose plan will be to dump, and/or short Bitcoin at that price, risking right up to the ATH. This is why my original AB=CD target was cut short to $785. After such a stupendous rise, I have to respect the RLZ for the entire BTC market....but as it turns out, the least little bearish twist in the market, and my nerve goes and I dump my position....and to be honest, I am guilty of closing winning postions well short of targets, a lot!

Regarding the RLZ however, could be that is the level where the Shorts pile up, and where the Bitcoin Cowboys squeeze the fuck out of them. This is what happened, on the Nov pump. As BTC got to $325, the shorts piled up, and piled up, and eventually they were all squeezed out fo their positions, which resulted in the parabolic spike.

I closed the last bit of my long at 778$, now hoping to catch a falling knife around 720$.

Bite your tongue, if it weren't for icos making bitcoins for me I'd have to buy them!

Fuck you "sandiman".  All you do is shill for IPO scamcoins in every thread.  Proof of stake is 100% useless and all IPOs are scams.

mat, what giving yourself so much pain, just count the waves !!! you only need to know how to count to 5 

I feel like you're trolling us on purpose Matthew, going all fiat and stuff during the biggest bitcoin rally ever.

Does that information quoted above help? Is that the drop you're mentioning? Sorry, (also wondering myself).

(Doh, I don't think this is what you're inquiring about. Darn. I think it was a CNY exchange, I want to say okcoin but not sure, had only partially been paying attention).

I was asleep when this happened.  Mat, I need you to stop being useless and tell me what exchange initiated this rise and which exchange initiated the drop back down:

You did it wrong again imo. The true profit is not on such a small time frame. Imagine if you had bought at 500. You probably would have sold at 550? Wrong! You hold because bitcoin is pumping. You just threw away a perfectly fine position once again. Hold and let it pump you silly.

This is amusing. You are deliberately making things difficult for yourself.

With SSS there is no guessing or predicting the price, no stops, no leverage or any of that other nonsense. Just buy and sell predetermined amounts at predetermined prices. No stress, and all but guaranteed to make you richer.

Maybe some people just enjoy constant emotional rollercoaster rides, even if the emotions are negative? Emotional junkies?

bitcoin is still young its move are unpredictable, i would not base its movements on other market, and yes a 100% increase with a small correction around the higher value has already happened

remember when we were at 230 and went all the way to 500 then correction to 430? i'm predicting the same thing, but with double the value

With the benefit of hindsight, my long term bias was always bullish, in that I always imagined that Bitcoin would get up to aroudn $800 in the fullness of time and therefore, I should have only been considering long position trades. With that said, I did get long at $370 on the so called Mike Hearn dump.....Since nobody really knew how much further Bitcoin would dump, I set my stop down beneath 'the bottom' at $360, which then got triggered and I returned to my PC to find that I had just taken a hefty hit, with BTC trading back up at my buy in level, which drove me fkn beserk....this shit totally shreds the nerves......the answer to which would be to trade with an amount of money that doesn't matter to me, which in my case, would be trading with a pointless amount.



Only issue I have with that, is your optimism about the consolidation.

Give me one example, of any market, ever, that moved parabolically higher, and then just kind of consolidated around the very heights of its move?

Do you think this ramp is all just natural organic demand, or is it a full on manufactured pump? If it is a manufactured pump, do you think the pumpers are ramping Bitcoin to make all the little Johnny Bitcoiners rich, or are they doing it to enrich themselves, which by necessaity, means they are going to dump.

Same game over and over again, no matter what the market. Smart Money buys at the bottom, and puts in the floor. They then lift the market up, and then start to ramp, at which point, the smart money starts selling to the public up top, and most crucially, stops supporting the market, which means once the public FOMO fades away, the market crashes.




Power grids can go down (look at Venezuala for current example of economic collapse), which amongst other things, means no internet.

Mining farms can be shut down, or in the case of war, destroyed.


The only thing that Bitcoin has in common with gold, is that very few hands, control far too much of the stuff.