It was pretty brutal to watch. I was trading during the weekend and there were multiple flash crashes. Once in the morning and the others that Saturday night.

I saw price drops of over 200 the first time bittrex lagged out. The second time was a bit appalling, BCH was at a 40 billion market cap and trading over 2500 on several exchanges. Then another lag spike hit on Bittrex and it dropped over a 1000 dollars in value!

I went to investigate and 3 Korean exchanges had gone offline around the same time as the crash. I don't know if this was some serious market manipulation but it was definitely a circus. After the second flash crash the market cap dropped 20 billion in under an hour. My optimistic hope is technical difficulties brought on the problems. I would rather it be a case of too many people wanting to trade vs malicious actors.

I am a huge fan of block chain technology and what it has to offer but this was sad to watch. I agree, I think these types of events will only hurt the market. In the end it might be good if some regulations get implemented.