Incredible!
GDAX crashed because someone put in a sell order for Ethereum at .01 cents! Open margin positions were called today because of this, which led to a number of accounts losing incredible amounts of money. Coinbase crashed today because of this. The people that had orders for Ether today at .01 just made crazy profits. Stop orders below $250 sold Ether at incredibly low prices!
Absolutely amazing.
Random post of someone losing big today on Ether, heart goes out to the guy, this must be devasting
Sources: http://www.coindesk.com/13-ethereum-ether-prices-plunge-2500-gdax-exchange-flash-crash/
http://www.cnbc.com/2017/06/21/ethereum-drops-15-percent-demand-growing-pains.html
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very interesting! Thanks for the info.
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This happens in the Stock market as well. It's not a big deal. The flash crash has been around for over 100 years. If you read the book Reminiscences of a Stock Operator there is a story in that book that happened in the early 1900's. So make the best of it.
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@timeforachange Amazing, thanks for the book suggestion
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It can be tricky many books talk about about lots of money and making large %% of profit. There is 2 books in the dummies series at are good. I went to amazon to find the author but there are several. The quick tips I can give you are avoid margin, penny stocks, 4X, and deep and out of the money options. Option trading is a field where people will tell you about there grate program and will try and sell you an expensive course. You can find the same info for cheep on Amazon used section. I have done Optionetics, and real estate courses. Save your money check out the books at the library and buy something of value. Studding with little or no action leads to being broke.
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