Pretty cool news tonight. For those who didn't know, the price of Ethereum on major cryptocurrency exchange, GDAX, experienced an enormous flash crash this Wednesday. The price fell from over $300 to as low as 10 cents in minutes. Many came out on top, and a boatload of people lost, well... boatloads. GDAX announced tonight in an updated blog post that they will reimbursing those who had margin calls or stop loss orders that were executed during the Ethereum flash crash earlier this week. Those who profited from this crash will also be able to keep their profits. See below for the blog post:
That's cool I guess. What about people who were all ready to scoop up cheap eth, but then Coinbase/GDAX shut down :(?
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I imagine many are tempted to put a buy limit order around 50 cents, with the hopes of it happening again.
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crypto currencies always put you in excitement, sometimes in a very bad manner. Hope all gets well :)
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