ETHEREUM Prices Crashed From $319 to 10 Cents, Rebounds Later.

On Wednesday After a multi-million Dollars Sell order of Ethereum on GDAX the prices briefly crashed from $319 to as low as 10 Cents on the exchange.
With the crash some of the investors may have made more than a million Dollars, while some of them may have lost $9000.
This incident took place at around 12:30 PT. So if any of you hanging around and buying ETH then would have become millionaires.

The multimillion dollar market sell order resulted in a number of orders being filled from $317.81 to $224.48.
As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents.

A stop loss order is a trade that is executed automatically once a security — in this case ethereum — hits a particular price. Margin funding is essentially trading with borrowed funds. Liquidation is when these positions are closed automatically in order to prevent further losses.

It showed one person had an order in for just over 3,800 ethereum if the price fell to 10 cents on the GDAX exchange. Theoretically this person would have spent $380 to buy these coins, and when the price shot up above $300 again, the trader would be sitting on over $1 million.

Were anyone of you lucky?

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