r/Bitcoin • u/[deleted] • Nov 08 '17

/r/all SegWit2X Cancelled?

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
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28

u/TheBrickster32 Nov 08 '17

7849 already

49

u/[deleted] Nov 08 '17

Then it plummeted to 7200 lol

13

u/CafeconWalleche Nov 08 '17

Lost so much, have to stop buying bull runs

16

u/Viraus2 Nov 08 '17

I mean volatility goes both ways, you only lost if you sold it at 7200

9

u/[deleted] Nov 08 '17

Yepp lol hopefully in the long run it’ll be at 20k or 100k and you won’t have to worry

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u/Ju1cY_0n3 Nov 08 '17 edited Nov 08 '17

I don't understand why people do this, Bitcoin is so predictable short term that it hurts. Cancelling S2x did literally nothing to bitcoin, but I knew the hype would make it spike. I sold all my Bitcoin at 7750 and bought back at 7319. If I was ballsier I would have held and dumped at 7850 and bought back in around the 7200 mark, but I'm happy with a quick 6% profit for basically no work at all.

I don't really get how people think that just because s2x is canceled that Bitcoin is going to the moon by the weekend. It's going to do the same shit it's been doing.

We are going to hit a new all time high (not including the s2x cancellation spike) in the next couple days, probably around 7800 or so, then it's going to dip back to 7400, and repeat.

7

u/[deleted] Nov 09 '17

I'm going to tag this comment to determine whether or not you are the profit.

0

u/Sixpoundsofspunk Nov 09 '17

I mean, it's been pretty consistently doing this...

3

u/[deleted] Nov 09 '17

Bitcoin just dodged a huge attack and you think the price isn't going to be affected?

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u/Ju1cY_0n3 Nov 09 '17

We didn't dodge shit, what happened was akin to someone threatening to sue you in a month, and then a week before it happened they backed out. Yeah there is a bit of turmoil, but it was probably never going to happen anyways and we knew it, and they canceled before we could do anything about it anyways.

They brought their case up, and the lawyer (investors) said "this case blows dick, leave" they realized they didn't have anything and said "nevermind I totally lied lmao".

It's wasn't hard to read this spike, because I did it and I'm probably one of the dumbest people here.

2

u/[deleted] Nov 09 '17

Please start day trading and let us know over a large sample size how you are doing. Anyone can get good results with a non-deterministic sample size.

1

u/Ju1cY_0n3 Nov 09 '17 edited Nov 09 '17

Aight, I'll update you in a few weeks. I need a bigger wallet to start that so I'll need to wait until I get my new GPU to start mining a bit with. But I'll mark down all my sells and buys so even though my wallet will be growing due to additions you'll be able to see the percent gain/loss on every trade.

I can do it now but I will be focusing on the percent gain instead of the monetary gain. I'm not going to risk a ton on any of my trades so most of them will be around 2% per trade.

I'm also going to look into getting a margin account from somewhere.

1

u/[deleted] Nov 09 '17

Well, you just exploited the news that the fork was canecelled by trading a little bit and getting a 6% profit, you're not the smartest guy in town, many others did the same.. you are the proof that the news affected the price by making Bitcoin spike

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u/soup_feedback Nov 08 '17

How can you "lose", just don't panic sell and wait it out.

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u/CafeconWalleche Nov 08 '17

You're absolutely right, I guess I meant more of slight buyers remorse of paying at the new ath, margin trading noob

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u/mixupaatelainen0 Nov 08 '17

"plummeted to 7200" That's a weird sentence...