Quote from: MatTheCat on September 07, 2016, 05:57:23 PM

Quote from: Ibian on September 07, 2016, 05:20:34 PM

That's why he tells people that bitcoin is doomed while at the same time managing to lose money on huge rallies.

Didn't lose money on the huge rally. Made money on the huge rally, albeit not as much as I might have done, although, had I just bought at $470, and held right right through until today, then I would still have the same profit level as I ended up taking from the market anyway.......except I wouldn't have, cos my accounts would have been wiped out by some bunch of thieves operating within the big exchanges.

I didn't lose money on the big rallies, I lost money by having the exchanges one way or another, plunder my accounts.....

.....like I say, counter party risk n all that.

And here, class, we have a perfect example.

Mat is insinuating that he keeps a lot of his money, fiat and crypto, on exchanges. This is, of course, a completely retarded thing to do and the only reason he suggests it is to further his narrative, that being: Bitcoin is insecure and Mat is a perpetual victim!

However, he might still keep a percentage of his holdings there, even if not all of it. This is because, as noted above, he has a pathological need to remain in the victim role. In setting himself up to be robbed, for example by deliberately having weak account security (as he himself, some might say proudly, explained all about recently), and then waiting for someone to come along and guess his password of 123456, he stays in the victim role and feels vindicated in proclaiming bitcoin to be one huge scamfest.

This is the opposite psychology of what we commonly term "normal". There are people out there who will deliberately hurt themselves, simply for the sake of dragging even one of us down with him. They are what older and wiser people termed Evil.