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
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could read "Ethereum crashed to $0.10 for a moment, making people w/ low buy orders in rejoice. Bounced back to +$300 in seconds.
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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.
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So really this was the fault of a third party exchange, not Ethereum. easily fixed. as many people made money as got burned.
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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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Wasn't this same thing (stop loss orders) a major contributor to the stock market crash in 2008?
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