Ether Flash Crashes 96% ETH/USD

in #ether8 years ago (edited)

Flash.PNG
Flash crash from 318-13 USD $30,000,000 ETH DUMP

This Is The Dangers Of Margintrading

The dangers of having open margin calls or if you had a stop-loss order open.

When a stop-loss order triggers it creates a market order.

A market order is basically buy now at the buyer's offer price.

If you were unlucky you just sold your Eth for 13$ or you got margin called.

Better order types

Stop-limit order if you plan to save yourself from a downtrend or plan to sell at specific price Stop limit orders is the tool to use.

When a Stop-limit order triggers it creatres a limit order a order with a specific sell price.
the only bad this about this is that it may not be filled during a "free fall". Dont panic sell plan your trades. or just HODL.

Some clever people

Someone bought with preset orders for 13 dollars and 1 min later it was 305.

Who was this

Fatfinger whale?

Sort:  

Some noobs just got rekt by MARGIN sell. Welcome to the wild west scrubs

wait when and where was this? I cannot find that chart

Gdax shar is from cryptowatch https://cryptowat.ch/coinbase/ethusd

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