Quote from: MatTheCat on March 17, 2014, 07:35:56 PM

Quote from: checkers6676 on March 17, 2014, 06:53:50 PM

the last time I listened to MatTheCat's TA, i sold half my btc holdings and the price went up $100 about 30 mins later. After it went up, he essentially said "oops, nevermind."

Thanks Mat, keep up the good work.

Can I really be blamed for getting a bit shouty and overbearing with the standard retard that inhabits this forum and is very much in the vocal majority, who have been yelling 'BUY N HODL' at new Bitcoin investors all the way down from $1200. My teeth are grinding already!

Matt, I admire your dedication to this forum and sharing your opinions freely. However, you are confusing "yelling" with impact and influence. Respectfully, you are probably not being very helpful to anyone.

Those of us who have been around for a awhile and understand what is going on, are not going to change our mind by you yelling louder or more frequently. Our minds are influenced by respectful discussion and hard data. And your chaotic pronouncements and short-term flip flopping are certainly not helping the noobs here (probably not helping your BTC holdings either), who really need a better understanding of the bigger forces at work in the market - and the long-term view - which I think you actually understand. I doubt your constant yelling and bludgening is persuading many of them either. You appear smart and energetic but not wise. Stop talking and listen for the deeper patterns and cycles. Use your energy to help your brothers see more clearly - what you are already seeing- and help them to think carefully, rather than act in haste. That includes you. Stillness, focus and clarity is the root of power - in all things.

I completely agree that leaving large amounts of fiat (or bitcoins) on the exchanges is a bad idea. The bulk of your coins should always be in cold storage, and the investing fiat held in "solid" banks. However I recommend you develop a trading and investing plan that is based on your best analysis of the mid and long-term potential - and scenario planning for various eventualities. Then you can move fiat to the exchanges in planned tranches as the market guides you. Minimizing risks at every step.

Right now, I expect we will test mid 500's and perhaps lower (but I think the odds are pretty low we go back to 450), and I have fiat available for when that happens. I expect - as many here do - that we will see another 2-3 months of relative stabilization (in our current ballpark) before any major moves north. And I actually think this (600) is pretty good current buy price for getting more heavily invested. But as always I am prepared for any eventuality and will respond based on my investment plan.

Good hunting.