BREAKING. Ethereum Just Tanked OVER -90% Before Climbing Back Up
Summary
Ethereum just dropped a SIGNIFICANT amount, losing majority of its value for a split second. Several exchanges and even coinbase experienced a major outage. The question now is; what caused this? Did somebody made a major sale order? What do you think?
That kind of behavior must be a glitch in the system. It is just toooooo big a swing to be normal. Some unknown event happened that no one will tell you about.
hha i saw that! dude oh wait yeah u were the one to TELL me first though! dude @neoxian and @gigafart and @cryptoctopus need to have a MEETINg about this what happens if a large sell of like this ever happens to steem, can we get stoop loss orders ready to go? and will we ever have our own built in Bitcon to Steem and SBD market? How cool would it be to integrate @bitshares @openledger ( openledger.io websiite) which lets you buy alot of stuff in a decetralized exchange , soon it will have eevery tokenon there, and it can be integrated withinthe steemit,com website
and soonwe will be able to actually buy bitcoinand ethereum inside steemit.com and stoethem in a llittle built in bitcoi or ethereum walllet which will allow steemit users to store bitcoins an ethereum ontop of steem in their accounts, and allow steemit users to send ethereum for example to someone over steemit without having to need their ethereum depost addres theyll be able to just select their steemit username and their ethereum AND bitcoin address will automaticcally come up
and to @sdtraan ((who i invited to steemit and am very excited for ur success) i just saw it here i didn't realize it was you! ya good job now ur in the groove of steemit, ur post looked like any other good ppst i would have upvoted and commented on! keep making posts like this perfect man!
and about ethereum, wow IMAGINE if u were onpolonuiex while this happene and u had a lot of bitcoin ready to buy, omg u could have bought so many ethereums at $20 or eve $30 or even ethereum at $100 is a deal wow u could have made millions today if u were onine at the right time! if i see something as big as ethereum or bitcoin do this, ui would NOT hesitate to buy! u CNt hesitate! theres N news that could tank those two! NO way it could happen! ts ALWAys a deal at those prices
i wonder if someone ttried to initiate a mass sell off on purpose???? wow see if someone did this on prupose and profited on botth going upa nd down, THAt might be anexample of "etherem manipulation" BUT its just basic market happenngs annothing special or nerfaious an sure someone could try and make money iff this but if they did, its lke a HUGE win an that was a HUGE risk and they deserve the mooney they made off a move like this haha
i bet someone didnt plan it tgo it w just spme big bag holder selling a lot of ethereum all at once
maybe u should always sell ur etheereum off insmall chunks over time to avoid stuff like this hahaha
oh shit thats why powerdown exists haha in week long incriments hahaha awesome
Ouch... Not a problem if you're unleveraged but even the slightest bit of leverage, say 1.5x would have wiped you out :(
Shows that a flash crash can happen in any market!