Here's my take and maybe this is cynical. I think they never planned on going through with it and this whole thing was a shit show. I don't think they cared about consensus or even "tearing bitcoin apart" so I don't think they would have backed down regardless of whether they had support or not. I'm thinking this whole thing was just a shit show which they never planned on implementing.
In regards to where price goes from here I don't know what to think. Part of me says now the FUD is gone, the uncertainty is gone and Bitcoin can rise, in the same token however all the people who dumped alts for their "free money" are going to leave so we have money going out. With those kind of two conflicting camps or emotions I think it may just kind of sit where it is, maybe a slight pullback.
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.
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.
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.
I just seen a medium article that a guy bought 85k of futures for the BX2... Lost it all. smh smh
Ouch, the people who bought futures lost right? That's what I said and my biz partner was arguing with me saying no they'll get their money back. To me they picked the wrong side and their money goes poof.
I still see a futures market live at $268. Can we really still dump for $268? Also I asked this above to @steemmatt as well but was curious your take too. Have you heard about this group BitPico saying they are pressing forward with the fork anyhow? Is that possible?