Quote from: CodyAlfaridzi on November 16, 2017, 02:44:50 PM

Quote from: Compr on November 16, 2017, 02:13:48 PM

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.

It was a big gamble that never paid off because of events beyond the control of anyone who bought SegWit2X futures. Sadly, when the hard fork was cancelled the futures look so dim literally and figuratively. Yes, the big lesson here is we have to be careful of what we got into. Bitcoin has proven itself to be too resilient in the face of many hard forks and even if many would insists that Bitcoin can soon be replaced, it won't be happening soon. Bitcoin was not nailed by the barrage of bad news from China in September and just recently the attack from BitCoinCash proved to be unsuccessful. Bitcoin is now back in the game.