Guy turns $720 into $2,376,000 using this one simple trick!
Many of you will have heard about Ethereum's price flash crash this week, well it appears some lucky purchase for 7203 ETH at only $0.10 each went through on gdax:
[{"time":"2017-06-21T19:30:18.05Z","trade_id":6326579,"price":"0.10000000","size":"7203.30515953","side":"buy"}]
Now with the price at around $330, that is a massive $2.376 million dollars!
The price flash crash was triggered by a multimillion dollar market sell order resulting in a number of orders being filled from $317.81 to $224.48. As the price began to fall, this triggered off hundreds of stop loss orders, causing the price to fall as low as 10 cents.