Topic: How I lost almost 300,000 USD in seconds - page 3. (Read 1485 times)
A very strange decision to invest in futures. I think you are to blame for this. The crypto-currency market is very unpredictable. Here you clearly need to understand and understand what you are doing. Otherwise, you can stay on the street.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sorry for your loss, that's a huge amount. What convinced you that Segwit2X could be the main chain? Putting half of your portofolio - in a futures - of a shitty fork of Bitcoin. That's three big mistake.
I couldn't believe that there are actual people who thinks B2X/BCH/other fork could replace the original Bitcoin. These things has happened over and over again since 2014 by the same people/group (Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited) yet people are still falling for it. Most people, including me, seeing those fork only as a way to make small gain by selling those coins immediately after the fork.
Yeah I agree with CodyAlfaridzi here. You just made the biggest mistake of your life when you gambled that huge amount into something that's not sure. You are one hella big risk taker I've known so far. 300K isn't a joke and I'm sorry for your loss. I'm also wondering why you're certain that segwit2x will be the main chain because for me I never believed in any of those fork coins.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
really not a small loss, the things you experience become a learning for us that never take a big risks for things that are not sure, but everyone have experienced failure and take lessons from it to achieve success, let bygone be bygone, life is very interesting, in the end, some of your greatest pains become your greatest strengths
Its you can still earn what is lost. We learn our lesson, be greedy but do the math. If everything fails youcan still buy a rope. Kidding.
Oh my god... I am really sorry for you. Of course this was a big gamble in the first place, but still, the way it went down is just not fair. I have huge respect for the calmness that you still seem to have. Do you think that the cancellation of the fork was planned beforehand or do you think that this was all legit?
That you is a massive loss, sorry to hear that. This could of been a success story it just shows how risky this business is.
That was a huge loss, and I'm sorry to say this to you, but how could you be so sure about seg2x? I don't know how you manage your risks, but I do think that when someone bets half of his portfolio must really have a high degree of certainty on what he is doing. There were so many news coming out, voting against 2x, that I just don't understand how you could have been so certain that it would probably become the main chain.
I'm just saying this, because if you were miss leaded by news, then you shouldn't really trust those sources of information again, so you can protect yourself from future losses.
I'm just saying this, because if you were miss leaded by news, then you shouldn't really trust those sources of information again, so you can protect yourself from future losses.
People can quickly get hoodwinked by scammers when they are greedy. You took a huge risk on something that was not
guaranteed, thinking that you would make a killing {greed} and it did not pan out. You are lucky that you had the
opportunity to recover some of your investment, because you could have EASILY been out of pocket on this.
Next time,
re-think your strategy, before you invest in something that risky. We all learn through our mistakes, some are just more
costly than other.
guaranteed, thinking that you would make a killing {greed} and it did not pan out. You are lucky that you had the
opportunity to recover some of your investment, because you could have EASILY been out of pocket on this.
Next time, re-think your strategy, before you invest in something that risky. We all learn through our mistakes, some are just more
costly than other.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
It's strange to know that bitfinex offered a futures contract on an underlying asset which doesn't actually exist and people are actually betting on it!! The futures contract is based on imaginary asset which was planned but not executed that time. How Silly!
I am sorry but such kind of betting is risky and I hope you took an informed risk on that. But sadly your plan didn't work well for you. Instead of loosing half of your portfolio to an already rich exchange owner, you could have done some charity to poor people.
Jokes apart! But I think you have learnt a lesson. Hope it will serve you better in future.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
So sorry to hear that mate. Similar story happened to me few years ago when I was trading forex. After that I put myself really strict rule that I should never risk more thatn %5 percent of money in one position. Hope you recover soon!
The risk is really high to invest in 2x, especially investing with half of your portfolio.
But this is how trading work, the higher the risk, the greater the profit. If you make it this time, you will be laughing your way to the Bitcoin Exchanges.
But this is how trading work, the higher the risk, the greater the profit. If you make it this time, you will be laughing your way to the Bitcoin Exchanges.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
While I would say whole crypto market is RISKY. If you wanna play trading in this market, you should always be ready to lose before thinking to gain.
However, this Futures thing is nothing but another way to make profits by Exchanges like HI-LO, Head-Tail, etc. How can you let users trade something which doesn't even exist! It remembers me of YoBit incident when DRACO coin was trading on YoBit but team never listed coin on Yobit. Funniest part is that you couldn't deposit or withdraw even TODAY.
So Exchanges keep playing such tactics, better be trade safe and only big coins.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Sometime around the 6th.
Buying something that doesn't even exists is not just risky, but a gamble that consists of 100% chances of losing your entire capital that you put in.
Quote
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
What made you think that the community might go against the real Bitcoin and why? Don't say you never knew that the support they were trying to gain was not even 50% of the total mining volume.
Quote
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
That was ought to happen, and it happened because the community wanted it. I was surprised to see it even at that price after it was called off, how it even traded after cancellation and why, that's still a mystery.
Quote
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Don't ever put almost half your portfolio in something risky like a forks futures
Learnt a lesson is a good thing, but you risked in 50% of your total portfolio on 2x? Really, man?
Wow, unlucky mate...that sucks. That was a bold move, but it looked like it was nailed on. The whole thing was an absolute mess from start to finish, it looked certain to go ahead....something fishy happened there.
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sorry for your loss, that's a huge amount. What convinced you that Segwit2X could be the main chain? Putting half of your portofolio - in a futures - of a shitty fork of Bitcoin. That's three big mistake.
I couldn't believe that there are actual people who thinks B2X/BCH/other fork could replace the original Bitcoin. These things has happened over and over again since 2014 by the same people/group (Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited) yet people are still falling for it. Most people, including me, seeing those fork only as a way to make small gain by selling those coins immediately after the fork.
I'm sad for you... But it is more than risky to buy a coin that has not been fully confirmed by their own devs.. 
Yeah, I learned a lesson.
Hard one.
Sold my futures at $160 each the next morning and took the L
Could of held on till 300, but no way to know if I would of timed that perfectly or not
I'm sad for you... But it is more than risky to buy a coin that has not been fully confirmed by their own devs..
Yeah, I learned a lesson.
Hard one.
Sold my futures at $160 each the next morning and took the L
Could of held on till 300, but no way to know if I would of timed that perfectly or not
I'm sad for you... But it is more than risky to buy a coin that has not been fully confirmed by their own devs..
Bought 329 Segwit2x Futures on Bitfinex.
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
Sometime around the 6th.
Took a gamble yes I know, but after looking into it I believed Segwit2x would be the chain we all use as the real Bitcoin
News comes out that the fork is being called off, by the time i hear it about an hour later I check the futures price and it's trading at a whopping 90$ each
Moral of story :
Don't ever put almost half your portfolio in something risky like a forks futures
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