Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
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Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#2It is amusing how the "disrupters" go through all the same mistakes as stock exchanges did more than 100 years ago.
But the mistakes are probably not entirely unwelcome for some of the stakeholders ...
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#3The buy price did. Sell price stayed mostly unaffected.
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#4The buy price did. Sell price stayed mostly unaffected.
[deleted]
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#5It takes two to tango.
A lot of people lost a lof money because they got margin called at ~$2 for a commodity that is worth ~$300.
https://twitter.com/elnygren/status/877660177406865408
On the other hand, a lot of people made a lot money since there are buy orders that wen through at less than 1% of the real price.
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#6The buy price did. Sell price stayed mostly unaffected.
Would that imply nothing was exchanged at 10 cents?
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#7Don't place market orders, you will get screwed sooner or later.
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#8[deleted]
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#9Don't place market orders, you will get screwed sooner or later.
Even market orders on highly liquid, perfectly well-understood things like forex can bite you in the ass; see all the levered people who got wiped out when Switzerland dropped their peg to the Euro. Stop orders on cryptocurrency are just pure idiocy.
Re: Ethereum crashed from $319 to 10c on GDAX after ‘multimillion dollar’ trade
#10The buy price did. Sell price stayed mostly unaffected.
Would that imply nothing was exchanged at 10 cents?
https://stocktwits.com/jdemasie/message/86641301
Edit: fuck that, check this out! 7200 ETH at 0.1 USD!! https://api.gdax.com/products/eth-usd/trades?after=6326580&l...