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Mashable is for superfans. We're not for the casually curious. Obsess with us.

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    Mashable‏Verified account @mashable 22 Jun 2017

    Ethereum crashed from $317 to $0.10 in a matter of seconds — and cost some people thousands of dollars http://on.mash.to/2sWgdfP 

    3:18 PM - 22 Jun 2017
    • 55 Retweets
    • 72 Likes
    • dlovins Cata Sarmiento ActionDave Adrianna Tan Space Ghost Blonde Harry 🍆 ✪Lord⍟Galaxy✪ Tech Scott J || freshly unemployed so there’s that... Aaron Villasenor
    9 replies 55 retweets 72 likes
      1. Rob G‏ @SuperRG1 23 Jun 2017
        Replying to @mashable

        This debacle can be repeated if you have 10,000 ETH. Sell them at Market on @GDAX, watch it hit all the stops, set up limit buys below $100

        0 replies 1 retweet 1 like
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      1. Solve Maxwell‏ @SolveMaxwell 22 Jun 2017
        Replying to @mashable

        could read "Ethereum crashed to $0.10 for a moment, making people w/ low buy orders in rejoice. Bounced back to +$300 in seconds.

        0 replies 0 retweets 2 likes
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      2. Odds Bodkins‏ @Odds_Bodkins 23 Jun 2017
        Replying to @mashable

        occurred on one exchange (GDAX) due to cascading stop orders and no GDAX's lack of circuit breaker. ETH on other exchanges did not crash.

        1 reply 0 retweets 0 likes
      3. Odds Bodkins‏ @Odds_Bodkins 23 Jun 2017
        Replying to @Odds_Bodkins @mashable

        So really this was the fault of a third party exchange, not Ethereum. easily fixed. as many people made money as got burned.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Peter McGavock‏ @peter_mcgavock 23 Jun 2017
        Replying to @mashable

        Yep same as Dow flash crash when sold 1000 points, I saw that one live and news presenters looked really scared

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      1. Gunderson‏ @gunderson 23 Jun 2017
        Replying to @mashable

        Wasn't this same thing (stop loss orders) a major contributor to the stock market crash in 2008?

        0 replies 0 retweets 0 likes
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