Lose all your capital fast, with MatTheCat and his TA 101A! - page 34.

zimmah

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Quote from: MatTheCat on June 15, 2016, 12:23:43 PM

Quote from: r0ach on June 15, 2016, 12:04:28 PM

Nice, Mat constantly complains that Bitcoin is "manipulated", and then ventures in to try his luck in the gold markets - the most manipulated market on earth haha.

Gold is real.

Bitcoin is the very definition of 'vapour'.

When the great wealth of the world goes into panic mode, when equities are total shit, governments are looking increasingly insolvent, and central banks don't have anymore tools up their sleeves except for even more negative interest rates, where are is the great wealth gonna go? Into a experimental and flawed prototype digital token, that the Chinese government could kill at the snap of a finger if they had the mind to do so, or into a rare valuable commodity, produced in the very final moments of a dying star, and which has been sought after and viewed as a representation of wealth by humanity for thousands of years.

Of course no one ran to Bitcoin before, because Bitcoin wasn't invented yet.

You knew what happend the last time the economy crashed? Some genius or geniuses invented Bitcoin as a solution.

Gold never solved the problem, maybe Bitcoin won't solve it either, but it is a new option, and it's better than gold. If even a fraction of the people that normally flee to gold realize this, Bitcoin will skyrocket.

Why not take a leap of faith and invest 2-5% of your wealth in Bitcoin just in case? What's the worst that can happen? Is losing 2-5% of your wealth going to ruin you? If it takes of you might end up 10 times as rich.

It's an assymetrical trade if I ever saw one. If you win, you win so big it will change your life, if you lose, meh, you just lost some pocket change, who cares.

barbs

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I think this is a question of driving the price as high as possible before the australia auction, no the halving or new paradigm or any of that, BTC Deep pockets need to get these bidders to pay as high a price as possible for 24,000 bitcoins so they can't control the price as well as the whale consortium.

I agree BTC Markets are highly controlled and manipulated. This is why people recommend only the blockchain technology vs using bitcoins as a store of value.

My prediction is up until June 20/21 then a massive dump after that. Let's see.

Amph

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Quote from: MatTheCat on June 16, 2016, 05:42:54 AM

Quote from: Ibian on June 15, 2016, 09:22:46 PM

I like this position. I either become wealthier, or buy back and get free coins. No matter what the price does, I win.

Until 'they' stop pumping Bitcoin and instead, take a big shit all over it and it dumps back down to beneath your mean buy-in level.

Quote from: Amph on June 16, 2016, 12:59:27 AM

this pump was actually very predictable, any retarded would have known that the hype + other shit would have resulted in a huge pump, easy profit there if you want to p%d yourself...

If this pump is so predictable (it was, everyone 'predicted it', they just never knew exactly where, how, and when), then at what levels are you going to start taking profits? If you start taking profits before BTC dumps, how do you know that you won't start rebuying on 'corrections', only to watch Bitcoin slip further and further down from your rebuy in price? Loads and loads of people do this. I have done it in the past. Whilst I am far from pleased with my performance during the pump, I would rather skim some profit from it, then have the dubious pleasure of sitting staring at max profit taking potential, only for my hubris to turn to despair as I end up getting run over by the market, or rather, by those who decides where the market goes, where it stops, and then where it dumps to.

Been there, done it all before.

the pump itself was predictable not the final outcome, all i know is that it was basically 100% sure to be pumped, then you can not expect to have precise guess about the top and the bottom, i never implied that with my post

but here what i think it may happen, so don't yell at me in few day/weeks and say you were wrong and bullshit like that, it's just a guess

i was guessing since we were at 4xx level that the pump will make the price jump up to 8xx-9xx without touching 1k, than a consolidation around 8xx for some weeks/months

MatTheCat

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Futures spreads have just turned bearish as fuck:

Dumped $715 position at $740.

Will hunt further long position post clean-up.

oda.krell

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Quote from: MatTheCat on June 16, 2016, 05:42:54 AM

If this pump is so predictable (it was, everyone 'predicted it', they just never knew exactly where, how, and when), then at what levels are you going to start taking profits?

As a very crude approximation, by my understanding there are two ways or general methods to enter trades (not completely disjoint, as your strategy can be a combination of the two): by prediction, or by reaction.

The way you are asking the question right now is justified as a response to those who sneerily claim it's all (easily) predictable, but not very helpful for one's own trading decision, in my opinion. More pragmatically seen: you can decide to trade the "pump" (assuming you think it is one) after you're getting clearer signs that it's nearing its end.

On the earlier side, but also: flimsier in terms of evidence, would be, say, divergences. Next, slightly delayed, slightly less profitable, but slightly harder evidence, could be for example waiting for the first dump on a sufficiently small time scale, and then selling the rebound (and setting a stop loss for good measure). And so on...

The main trade-off in trading seems to lie between early/chance for high profit/low certainty vs. later/lower profit chance/higher certainty. The trick is finding the right balance for your own risk appetite, time you can/want to spend, and, well, preservation of your nerves.

MatTheCat

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Quote from: Ibian on June 15, 2016, 09:22:46 PM

I like this position. I either become wealthier, or buy back and get free coins. No matter what the price does, I win.

Until 'they' stop pumping Bitcoin and instead, take a big shit all over it and it dumps back down to beneath your mean buy-in level.

Quote from: Amph on June 16, 2016, 12:59:27 AM

this pump was actually very predictable, any retarded would have known that the hype + other shit would have resulted in a huge pump, easy profit there if you want to p%d yourself...

If this pump is so predictable (it was, everyone 'predicted it', they just never knew exactly where, how, and when), then at what levels are you going to start taking profits? If you start taking profits before BTC dumps, how do you know that you won't start rebuying on 'corrections', only to watch Bitcoin slip further and further down from your rebuy in price? Loads and loads of people do this. I have done it in the past. Whilst I am far from pleased with my performance during the pump, I would rather skim some profit from it, then have the dubious pleasure of sitting staring at max profit taking potential, only for my hubris to turn to despair as I end up getting run over by the market, or rather, by those who decides where the market goes, where it stops, and then where it dumps to.

Been there, done it all before.

Amph

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Quote from: MatTheCat on June 15, 2016, 07:47:12 PM

Quote from: r0ach on June 15, 2016, 06:45:21 PM

Mat, you just posted a picture where you said it's "dangerous" to buy at $430. Dangerous for anyone who doesn't want to leave poverty?

I think it is dangerous to buy Bitcoin at any price, cos I know that Bitcoin is worthless bloated shit, and that it is all just a dirty Chinaman's game to put whitey's USD in his back pocket....

when you lose the train you start insulting the thing that made you lose the profit, you are basing your trading too much on TA, bitcoin don't care about old TA or TA at all it's all fucking random, you can not predict this market, no matter the skil

this pump was actually very predictable, any retarded would have known that the hype + other shit would have resulted in a huge pump, easy profit there if you want to p%d yourself...

r0ach

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The MatTheCat FOMO Spaceship

adamstgBit

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Trusted Bitcoiner

Quote from: MatTheCat on June 15, 2016, 08:07:43 PM

I am in again

mat finally went long.

Huh

Mat finally went long?

Shocked

MAT FINALLY WENT LONG!

fuck this.

r0ach

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Quote from: Chef Ramsay on June 16, 2016, 12:04:32 AM

Is it weird that I 'ignored' the main talent here?

Chef Ramsay

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Is it weird that I 'ignored' the main talent here?

BTCtrader71

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Quote from: Ibian on June 15, 2016, 09:22:46 PM

This is earlier than planned, but I just sold part of my stash according to the SSS plan for the first time, just to finally get started. I can compensate by making the next sale a bit higher so no problems there.

I like this position. I either become wealthier, or buy back and get free coins. No matter what the price does, I win.

Exactly. Steady climb to the moon = you win. Volatile ride to the moon = you win even more. So when you see huge price swings, you get to sit back and smile rather than have a heart attack.

Makes you wonder wtf everyone else is thinking ...

Ibian

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This is earlier than planned, but I just sold part of my stash according to the SSS plan for the first time, just to finally get started. I can compensate by making the next sale a bit higher so no problems there.

I like this position. I either become wealthier, or buy back and get free coins. No matter what the price does, I win.

MatTheCat

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And finally....the leader exchange confirms the long trade:

So I am in again, on ButtFinex....

So there u have it chaps....bitcointalk's ultimate contrarian indicator, has thrown his hat on the long side. Perhaps time for you guys to start taking profits?

Buttfinex Target:

marcus_of_augustus

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Eadem mutata resurgo

Quote from: Torque on June 15, 2016, 07:20:47 PM

Quote from: marcus_of_augustus on June 15, 2016, 07:07:10 PM

LMFAO ... honestly, this is comedy gold. This guy^^ he really needs to get a stand up show and go on tour to the bitcoin conferences as a light relief act to run between all those dry regulators and bankers trying to coopt bitcoin with ignorant hour long exposes ... I would pay for the laughs.

ha! ... this is what I see in my head when I hear him talking about woeful bitcoin trading

r0ach

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MatTheCat

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Quote from: r0ach on June 15, 2016, 06:45:21 PM

Mat, you just posted a picture where you said it's "dangerous" to buy at $430. Dangerous for anyone who doesn't want to leave poverty?

I think it is dangerous to buy Bitcoin at any price, cos I know that Bitcoin is worthless bloated shit, and that it is all just a dirty Chinaman's game to put whitey's USD in his back pocket....

....anyhow, I will put my hands up and admit I just FOMO bought on break out on Finex, despite my plan being to wait on Huobi trade setup triggering, then I panic sold as Huobi stopped dead on its RLZ.....then it started to want to break out, then I FOMO bought, and then, and then, apart from Huobi not fucking budging and Finex actually trading at a premium to it, I noticed 3MonFuts put in a horrendous FU shooting star short running wipeout candle, and I panic sold.

I clearly cannot handle taking trades with such a huge level of risk, so until this thing settles down, I am going to have to count myself as out.

Check out the chart on the far right. That is OkCoin 3Month Futures, what you can see, has "FU Stop Running blow off top" written all over it.

Torque

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Quote from: marcus_of_augustus on June 15, 2016, 07:07:10 PM

LMFAO ... honestly, this is comedy gold. This guy^^ he really needs to get a stand up show and go on tour to the bitcoin conferences as a light relief act to run between all those dry regulators and bankers trying to coopt bitcoin with ignorant hour long exposes ... I would pay for the laughs.

marcus_of_augustus

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Eadem mutata resurgo

Quote

I have been saying that I liked $800 range Bitcoin for months....my brother was surprised to learn that I had made hardly any money from the recent pumps.

"What do you mean you haven't made any money!?, You have been going on aboot this Bitcoin pump for ages!"

What I do consistently make, are fucking atrocious trading decisions. I called $677 Bitcoin around 2 weeks ago (not here). My plan was to get long from around $540 on the retrace. It never came. When bitcoin broke out through important resistance zones that I told myself would trigger a buy signal for me, I did nothing, cos it felt like I was chasing the market, and I have learned never to chase.

I find I can trust my 'judgement' on things. But my decision making is fucking shocking.

LMFAO ... honestly, this is comedy gold. This guy^^ he really needs to get a stand up show and go on tour to the bitcoin conferences as a light relief act to run between all those dry regulators and bankers trying to coopt bitcoin with ignorant hour long exposes ... I would pay for the laughs.

r0ach

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Mat, you just posted a picture where you said it's "dangerous" to buy at $430. Dangerous for anyone who doesn't want to leave poverty?

Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 34. (Read 85774 times)