Post
Topic
Board Speculation
Re: Lose all your capital fast, with MatTheCat and his TA 101A!
by
MatTheCat
on 04/07/2016, 16:02:10 UTC
@MatTheCat, do you trade anything other than BTC?

Nope.....

Long term holder of precious metals, and that is about it. BTC is what got me into 'trading', something I have only very recently learned how to actually do properly, and am increasinlgy learning why Bitcoin is actually pretty horrible to trade, in comparison with stocks on regulated markets.


SSS is da bomb. Price goes up, great. Price goes down, even better, buy back and get more coins.

lol.....so you will be ecstatic when price goes back down to $400 range, and that $790 high turns out to be the actual 'Halving Pump'?

Just like you were jumping for joy as Bitcoin tanked below $800 (remember the pelters u gave me for suggesting that Bitcoin was in a bear market back then?), delighted as Bitcoin tanked below $600, delirious with euphoria as Bitcoin tanked below $400, etc etc?

The Chinese own Bitcoin now, which means Bitcoin is effectively under control of the Chinese government, who could clamp down and kill Bitcoin with one snap of thier fingers. Under such circumstances, no serious Western money will ever flood into Bitcoin. Furthermore, the Chinese Bitcoin Cowboy's are the ones who preventing Bitcoin from receiving the overhaul that it needs, simply in order for it to remain a viable method of transferring wealth....my last BTC transaction required over 3 hours to confirm. Dat shit just aint gonna run over the longer term.....my advice to you is to start lightening up your load, until you are essentially on free coins. There is another guy I know on here who has done exactly that, and who now refuses to spend anymore *real* money on Bitcoin.....wise man I would say.