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RE: BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating
Oh man. Imagine being able to pick up some ETH for less than a dollar. :o
Oh man. Imagine being able to pick up some ETH for less than a dollar. :o
Same. My question is, If you had a buy order set at lets say $15 ... would it be triggered?
Its the second time I see ETH crashing like this, It could happen again.
Anyone knows if it would be triggered? Or the system goes down and nothing really happens more than FUD ??
Thanks in advance !! :D
I guess it would. maybe it's worth sticking in a couple of orders ;)
Absolutely!! Nothing to lose I guess...
I just checked on coinbase, and as I write this the ether is 329; somebody is able to crash the price so they can buy in low and then sell again at the top, this smells just like the HFT algos on stocks, and it is FRAUD
I doubt anyone's orders, other than those orders of whoever it was who came up with the brilliant idea to wipe out all the stops set on the various exchanges, were filled with "preset" limit buys. It's the advantage the big playas have over the ave Joe. Now that we "know" it can be done at any time it would be best that everyone who is sitting on a sell stop in bitcoin or any other crypto cxl their limit orders. The whales in the "actual" market have "complete" control over all price movement and the technicals (including the amount of volume being traded overall) tells us that the "ave Joe" buyers have all but dried up for almost a week now. I'd hate to get taken out with a sell stop on a bitcoin crash to say $1200. The ONLY buyers at a low like that would be the big boys. Then you are at the mercy of them forever if you happened to have bought at say $2500. At least don't get half your investment wiped out by a sell stop. CXL those orders and grin and "bear it" with great gnashing of teeth as the bottom will "obviously" fall out soon. Then pray you get even on your trade if you bought this "obvious" bubble that was the most blatant story of manipulation to come along in years.
Amazing. And it came back. Big profits $$$ :)
If I have a few dollars to spare in my account, I may just put a 'buy' order in for 50c. You never know, right?