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.