✴️ STEEM PRICE "FLASH CRASHED" TO .04 CENTS ON BINANCE! WTH! 🤔 😳

stackin (78) in charlesfuchs • 6 years ago (edited)

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What's Up STACKERS!

You did read that title right! Steem just had a one of those "Flash Crashes" to .04 cents a few hours ago. A missed opportunity if you say so myself.

So what did really happen? No one really knows for sure. 🤷‍♂️

It could of been caused by a whale, a trading group, manipulation, or one of those "fat finger" mistakes some people do but I highly doubt it...

All I know is that tons of people who had buy orders already placed in on Binance got some really cheap ass Steem!

Last year, I had lots of "very low" market orders in placed on dozens of cryptocurrencies just in case a "fat finger" opportunity like this rises.

However, with the bear market in tact. I didn't have any "low" buy orders on Steem because the only pairing Binance has is STEEM/BTC. (In other words, you need to have bitcoin to set a market order).

If Binance had a Steem/USDT or Steem/TUSD, I would of banked a lot of Steem and became a whale instantly! (maybe) hahaha.

Kinda confused? A good example is placing a buy order for Bitcoin at $1500 (BTC/USDT) right now and if a huge flash crash happens, you automatically buy it at that price. 📈📉

We seen a similar thing happen to ETH in December in which tons of sell orders (or a fat-finger mistake or manipulation) came through and those who already had a buy orders placed got ETH for around $15. 😨

This happens all the time in the crypto space but are really rare. I recommend that everyone should have a Binance account at least.

You can open a Binance Account Here.

I don't advice people to hold a lot of "Crypto" on exchanges.

However, Binance has been a top crypto exchange for over a whole year and having a little BTC or some Stable Coins can be huge by placing lots of low buy orders on several coins.

So what that being said, no one knows for sure what causes this huge flash crash of Steem. I just hope it wasn't Steem INC. selling but I doubt it. Anything is possible in the world of crypto. ‍♂️

Keep On STACKIN! 💞

~ Charles Fuchs

For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.

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charlesfuchs steem cryptocurrency crypto busy

6 years ago by stackin (78)

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gank (62) · 6 years ago

Damn, that would have been sweet to get some cheap!

stackin (78) · 6 years ago

That’s what I’m talkin about lol

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d00k13 (75) · 6 years ago

OMG buddy such a huge opportunity missed 🤦‍♂️

I always air on the side of intention when it comes to the markets, so many out there could make a swing like that happen just playing with what they consider pocket change!

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stackin (78) · 6 years ago

That $35 ETH swing in December was nuts.... I got to be prepared next time lol

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theycallmedan (75) · 6 years ago

😯🧐

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stackin (78) · 6 years ago

I know right? 😂

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kp138 (68) · 6 years ago

Hopefully just a fat finger like you said. Go Steem!

stackin (78) · 6 years ago (edited)

It was one of the biggest “fat fingers” I’ve seen in a while 🖐🏽 😅

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joythewanderer (78) · 6 years ago

Yea got some orders filled. How I wish I got more cheaper orders.

stackin (78) · 6 years ago

You did! That’s awesome! Only if Binance had a Steem/StableCoin ... I would of got tons of steem! 😒🤣

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joythewanderer (78) · 6 years ago

That would be awesome! I usually like to put those super cheap orders for fun, I wonder why not yesterday though lol. Just can never be rich. haha

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doitvoluntarily (77) · 6 years ago

dang what a deal! lol

stackin (78) · 6 years ago

My eyeballs were like this 😳 when I seen that chart on Binance 🤣

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bitcoinflood (77) · 6 years ago

It looks like 700k was bought? Wonder if Ned just dumped lol

stackin (78) · 6 years ago

The drama continues 😅

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rehan12 (73) · 6 years ago

lol Those lucky ones : )

stackin (78) · 6 years ago

That’s up to 10x on there crypto! Damn, I missed out lol

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rehan12 (73) · 6 years ago

1k USD invested and get 25k Steem and sell again at 8.5k USD

Damn that would have been a great investment lolz

stackin (78) · 6 years ago

Someone made quick Kash lol

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lupecoin (47) · 6 years ago

Anyone get any stink bids filled?

stackin (78) · 6 years ago

I think there were a few but they are keeping it quite 😅

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masterthematrix (60) · 6 years ago

lol maybe ned had the fat finger :-)

stackin (78) · 6 years ago (edited)

Dude! 😂🤣😅😂🤣😅

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clumsysilverdad (64) · 6 years ago

wtf

stackin (78) · 6 years ago

Crazy huh? 😀

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jamesndungu (61) · 6 years ago

Opportunities are everywhere, i’m dam sure very few people benefited from the flash sale ... Only a lucky few could have placed buy orders at such a price.

Plus chances of unfilled orders could also make your order not fully executed.

Anyway good luck to anyone who got steem at that price !

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stackin (78) · 6 years ago

That’s true! I’ll be prepared when it happens again 😅

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freedomno1 (55) · 6 years ago (edited)

Had a small order filled at 735 and I'm going FUU since it went to 110 THAT low at the same time that was one fat finger! (U_U 400 is for future stink bids, even then that would have been an ultra stink bid since 110 ... ya just wow)

stackin (78) · 6 years ago

Crazy huh 😀

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freedomno1 (55) · 6 years ago

Ya you need to be balling to have 1 BTC or something in every coin listed on Binance for the purpose of flash crashes and stink bids ha-ha

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pascale (53) · 6 years ago

Ned has sold a huge amount 19days ago. and there's been similar action on other big/founders account. Plus the change of direction may explain the lack of trust. My account is now $10 lower value than it was 3 weeks ago, even though I keep receiving bits of steem and steempower... my account is tiny so it's nearly 15% fall for my account. brutal. I wish I could buy a big amount now :P

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stackin (78) · 6 years ago

You be able too soon enough, the bear market isn’t over yet but we’re close 😀

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inspiringquotes (64) · 6 years ago

I really don't understand why people talk about this bear market...we were in a crazy bull market where almost all projects were overevaluated and there were ICO's daily with no value but people investing a lot of money.
I don't see this as a bear market but as projects achieving it true value most like the dot com bubble. Most projects will die, some will remain alive and be a good investment. I think the market will still go lower.

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stackin (78) · 6 years ago

Agreed

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newageinv (70) · 6 years ago

I may actually do this as getting some that cheap may be worth the risk of leaving some crypto on the exchange!

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stackin (78) · 6 years ago

I might to set up some “lures” on some token this week 😀

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ahmadmanga (65) · 6 years ago

Oh no! I missed that opportunity... Oh, well at least it was only a flash crash and the price bounced back after.

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stackin (78) · 6 years ago

I think a few people got in on the cheap steem, I’ll be prepared for the next time 😃

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kenanqhd (68) · 6 years ago (edited)

Damnit. I should really just put a bunch of these buy orders in in case this stuff happens. I'm sure the person that auto-sold has seen better days...

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stackin (78) · 6 years ago

It’s worth the risk, the risk is very small 😀

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art-universe (68) · 6 years ago

Hey Charles, hope you are doing good. Wasnt here quite a time.

This would be awesome. A flash crash really can help out with the right buy orders. I also had some and got lucky with a small amount. Bought some ETH - reinvested them in an ICO and got more. :-D I still love ICON for that :-)

Best regards, Martin

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stackin (78) · 6 years ago

How you been man! Welcome back!! 😎

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art-universe (68) · 6 years ago

I am fine Charles, even if the crashes liquidated most of my money for my tuition fees for the painting academy... somehow frustrating because I almost had the money... but I wont give up. Never give up faith in yourself and reaching your goals!!!! Thats the motto!!!

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bobaphet (69) · 6 years ago

Wow, I love it when I learn something new :)
Thanks for sharing.
Peace.

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stackin (78) · 6 years ago

🙌🏼🙌🏼

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alphasteem (70) · 6 years ago

It's ok it will probably be at .04 soon anyways lol

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aperterikk (64) · 6 years ago

Sad but true, but if that happens more for us to buy!

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stackin (78) · 6 years ago

Ouch @alphasteem 😂😅

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blazing (70) · 6 years ago

That happened with lot of coins i guess yesterday

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stackin (78) · 6 years ago

Major pumps 😬

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partiko (66) · 6 years ago

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stackin (78) · 6 years ago

💯

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stackin (78) · 6 years ago

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stackin (78) · 6 years ago

💯

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artedellavita (64) · 6 years ago

I missed that opportunity as well, bah humbug haha Tons of hugs your way friend! <3

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stackin (78) · 6 years ago

Same here sheshhh haha

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minnowbooster (73) · 6 years ago

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fahm (31) · 6 years ago

Steem is done and dusted

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