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RE: WTF Did Just Happen To Ethereum On Coinbase? It Fell 95,8% During 1 Minute [Now Recovered Most]
I heard someone either deliberately (shorting the price at the same time on other exchanges) or by accident placed a 30M sell order at market price on GDAX. In 2013 setting buy and sell orders 15% above and below market price was a good strategy. Thats mainly how i turned <1 BTC to 14+ BTC. I have never had that kind of returns since and its a lot harder nowadays. I only have <0.1 BTC as i sold the lot at $750:)
Interesting. That sounds like a good strategy, too bad that you sold your BTC, but there are so many other good options out there, Monero is quite cheap at around 50 USD.
Im a fan of the Dev team fluffy pony etc and did have buy orders when it was very low $ value but never hit my price -huge regret now as you can imagine.
Either someone was cashing out their ETH or a bank purchase decided it was time for a crash