Viewing a response to: @rulesforrebels/re-stackin-b2x-bitcoin-fork-is-called-off-where-do-we-go-from-here-20171108t202124264z
Yea - I thought something along these lines... make a TON of money selling the 2X futures and then cash the hell out at the top right before announcing the cancellation. OR the backers met again at a recent conference and rehashed the landscape to realize that now wasn't the time. It might be back.
author | steemmatt |
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permlink | re-rulesforrebels-re-stackin-b2x-bitcoin-fork-is-called-off-where-do-we-go-from-here-20171108t203110515z |
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For weeks I had been considering selling my futures. I thought it was the smart move but the risk averse part of me said why risk $7500 to get $1200. Yesterday I finally got up the guts to do it, I brought my Trezor into the office with me and was literally getting ready to make my move and I go to check futures price and just see that it had fallen off a cliff from like $1300 to $300. I was like WTF???? I knew something had to be going on but hadn't heard the announcement yet. About 30 seconds later I get a text from my gf's cousin just saying "Segwit cancelled" and immediately was like aahhh man just missed it. I notice futures still trading at $268? Can we really dump for that? I did hear this morning some group called BitPico is saying they are still pressing forward but to me seems like it's dead.
author | rulesforrebels |
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permlink | re-steemmatt-re-rulesforrebels-re-stackin-b2x-bitcoin-fork-is-called-off-where-do-we-go-from-here-20171109t150610026z |
category | charlesfuchs |
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Ouch. Horror story. That's absolutely Murphy's Law in action. I hate to hear that since your intentions were actually to NOT be greedy here. I'm no expert, but it's only a loss if you realize it. It could be a dead end, or it could be a long term bear market that could boil up at some time. If you can afford to forget about the money for a bit, maybe see how it plays out. some people could be buying at the bottom with the same mentality, or it'll be a race to zero. Good luck with that and sorry to hear.
author | steemmatt |
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permlink | re-rulesforrebels-re-steemmatt-re-rulesforrebels-re-stackin-b2x-bitcoin-fork-is-called-off-where-do-we-go-from-here-20171109t151101536z |
category | charlesfuchs |
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