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RE: One of the Largest Trading Losses of all time was Realized Today...
Heh, Steem already is my largest investment loss ever (on paper anyway, I haven't powered down at all). But I guess losing a couple BTC pales in comparison to $4 billion... holy crud. And if Steem price ever recovers, this will flip flop and turn into my best investment ever, so for me holding lots of Steem Power continues to be an attractive risk / reward play.
Haha yep, same here. I am not sure when a good time to buy more would be, but hopefully some where around here turns out to be the bottom...
Here's hoping, got my fingers crossed!
"Let's hope Steem doesn't ever become one of the largest losses ever for anyone! :)" - Looking at the price history one can only laugh at this. From few dollars to under 10 cents, that's a huge % loss. Also Dan is leaving the project now, just like he did with bitshares and if you dare, go look at the price history of bitshares and you might glance on the future of steem price also. Only chance of recouping losses for those who are reading is be in early on Dan's next project, before the pump and get out before the dump.
Well I sincerely hope you are incorrect about a lot of this. Steem has a lot of things going for it that BTS never had... hopefully it has enough that this isn't the beginning of the end of it.
I'm sure Steem will see some positive price action after few year hiatus on ground floor, or should I say hopeful. Nothing is guaranteed. But it is telling that almost every other alt is making huge gains but steemit is not and bitshares also is making measly rise even after 2 years of being very cheap.
That's actually not a bad idea. I might keep an eye on what Dan's up to and do exactly this. I often wish I had heard of Steemit before last summer's big spike. Just imagine getting in on the ground floor and waking up one day to find you've magically become an influential whale.