Ethereum "flash crashed" TODAY -- went down by 96% --- now back up over $320 -- Goldman Sachs "where are you"?
Source: http://www.zerohedge.com/news/2017-06-21/ethereum-flash-crashes-after-status-ico-clogs-network
You can read how an ICO "caused" the issue in the above Zero Hedge article.
Folks -- this is what can happen when BIG MONEY plays in the sandbox.
- They know what it takes to "spike" a price down and "run all the stops" ....so all the people who had sell prices at $300, $200, $150 etc....were probably taken out today and no longer have their Ethereum
- Now "who had BUY ORDERS in at those 50% off - 75% off 90% off price ???? Was it Goldman Sachs ....somebody bought ETH at a hell of a discount.
They can use whatever story they want --- the facts are there -- and somebody made out. It's the small investors who get "fleeced" with the Wall Street crowd.
Can you now see how much they LOVE ETHEREUM !!!
This is not true. Ethereum is frozen on coinbase
Maybe on coinbase N/A.....but around the world it rebounded and coinbase should do the same when open.....we will see my friend
Maybe I should set a buy order for Ethereum on Bitrex for $200. In cause something like this happens again.
It's a good thought....i have a suspicion that these flash crashes will be more often than we like.....pick a reason....but his is my opinion
Now that ETH has flash crashed, it has joined the ranks of the biggest stock and bond markets in the world. Welcome to the club.
True -- if you were in the stock market --- "meet the new BOSS --- same as the old BOSS" --- they will be ruthless with efforts to control what they want.
This will continue but they have to buy and sell, unlike the stock market they can't just use a little to control a lot. In cryptos they have to use a lot of money and in the end it wouldn't be cost effective. Especially if they are buying at a higher price and then seeing it come back. The banks must hate this Hahaha.
"There is no honor amongst thieves" --- that is the Goldman way :-)
Ok i´ll try some reverse psychology here: SELL SELL SELL SEEEEEEEEELLLLLLL!!!!
Yes....have it go down some more.....hehe.....but at least keep it down for a day or two
BTC is also tumbling and may have a way to go. Not surprising after the run up they both had. A pull back is healthy and forms a foundation for further advancement later on. Here's a screenshot from 19:00 hrs EDT:
it's still good...both are still good to me
I think you are right on. My thoughts are here:
https://steemit.com/ethereum/@ccampbell/my-theory-about-what-happened-on-coinbase-gdax-today
I think you are spot on my friend.....if they do an investigation I doubt the real culprit will be discovered...we will see