Someone Turned $390 into $1,000,000+ Today by Accident

in steemit •  7 years ago  (edited)

On GDAX someone had a bunch of buy orders set & ready at $0.10 for whatever reason. When the flash crash in Ethereum happened earlier today, he ended up purchasing over 3800 ETH. Lucky bastard just made himself a millionaire

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7 years ago by

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      ·  7 years ago 

    Not sure about this since the lowest recorded price was $13, but I guess it is possible. I wrote a little about it in a recent blog post saying it could have been a software glitch.

    And the GDAX ToS give them the right to reverse the transactions before re-enabling trades.

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      ·  7 years ago 

    I was reading posts from people earlier today that had lost thousands of dollars today because of this. They had auto-sell orders set just in case of crash. I'm betting this is real, although I'm not sure why someone dumped so much ETH so quickly. I guess we'll see what happens

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        ·  7 years ago 

      GDAX/Coinbase locked trading and withdrawals. I guess it is possible someone could have got their TX and withdrawal thru before it got locked, but it is unlikely

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        ·  7 years ago 

      someone would have loss a million dollar for whatever bug that is

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        ·  7 years ago (edited)

      It was from the flash crash ETH experience earlier today. Someone insta-dumped 100k ETH. And there weren't enough buy orders so it sold for almost nothing. I have more info on what happened on my profile if your curious about what happened

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          ·  7 years ago 

        That's crazy man. Wish it was me!

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            ·  7 years ago 

          Right. Setting up some low-ball buy orders on GDAX now just in case this happens again ;)

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              ·  7 years ago (edited)

            He must be indulging in blow and hookers, haha!

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                ·  7 years ago (edited)

              Your post looks like my post and thats okay.

              It'd be interesting to see if the trade will valid.

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                  ·  7 years ago 

                Ah sorry, didn't see this had already been posted

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