Post
Topic
Board Bitcoin Discussion
Re: How I lost almost 300,000 USD in seconds
by
CodyAlfaridzi
on 16/11/2017, 14:44:50 UTC
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


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.