Quote from: MatDerKater on January 04, 2017, 10:25:45 PM

Quote from: afbitcoins on January 04, 2017, 10:13:34 PM

Matt months ago I told you bitcoin is bullish don't fight the trend. You should have listened mate, buy and hodl, so easy when you know how.

edit: and don't hold it on an exchange

If traders can't trust the exchanges, then they can't trust the market.

Where is Bitcoin being pumped up right now?

On the exchanges!

On the Chinese exchanges that is!

USD vol is looking deliriously thin.

You all think you can trust a bunch of Chinese financial cowboys operating beyond the reach of any moral code or written law?

When Bitcoin finally evaporates into dust, taking everyone's notional wealth (denominated in USD of course), I will not be the least bit surprised.

Quote from: Gillette on January 04, 2017, 10:25:19 PM

I hope Mat has become millionaire with his bearish stance Grin

I touted Bitcoin to go to $1500 back in September m8. The call is posted near the same place as I stated that I wouldn't be touching Bitcoin ever again.

Sure, Bitcoin is looking like it will go to $1500. But it is as likely to go to $5000, as it is to implode on the following day.......chinese Bitcoin Cowboy shenanigans aside, all it takes to murder Bitcoin is a word from the PBOC. Meanwhile, there are loads of stocks from established corporations that are performing way better than Bitcoin this past year. If someone is gonna invest, why take the huge systemic risks involved with Bitcoin? It just doesn't make any sense.

The market survived Gox and numerous other exchange hacks/thefts. The market isn't the exchanges. Holding outside an exchange only means looking at longer timescales and being secure.