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RE: I Got Margin Called on HERO Today. Things Don't Always Go Up.

in #hero7 years ago

I'm down close to 35K BTS, had shorted around 600 HERO at an average of 550 BTS/HERO, primarily based on Stan's 4th of July kickoff - I, like many others, assumed that when the HERO contest started there would be some serious and well organized market action to spike BTS and drop HERO, thereby creating the initial pump "Look at all of these people that are making a fortune with HERO, be like us! FOMO, away....!"

I still believe in HERO and it is a much needed asset in both fiat and crypto economies (imagine if you had 20-30% of your crypto in HERO prior to this crash, and now were able to go shopping!), but damn, if Stan is going to hype like he did there has to be some action to follow through.

We are all following Stan in Telegram and it sounds like he is making things happen, but there is a large misalignment between the hype and the reality. Hopefully his wealth investors are now taking huge short positions in HERO and getting ready to ramp BTS... for real this time.

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