Setting limit orders at 10 bucks for ETH? Who won on the flash crash?

in #exchange7 years ago

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Coinbase is saying they are going to reimburse traders who were margarine out when ETH had a flash crash to as little as .01 cents when a multi-million dollar account liquidated...... Has anyone read any stories of traders that picked up ETC for .01 or what was earlier reported to be around 13.00 that some traders were forced to sell at? Who was smart enough to put in buy orders at 13? I guess it makes sense to put in these orders... you have to have the cash or margin in order to do it but who knows when the next flash crash will occur? Or is it unethical to basically steel ETH at those prices? I think if enough people had buy orders in at legitimate prices ETH would not have crashed so hard as there would have been buying all the way down. What do you think? Did the flash crash make you put in limit buy orders ? Is it all fair in stocks and war? Did anyone hear about people picking up coins for dirt cheap prices during the crash? If not, did anyone get those shares or was it coin base who profited?

WendyCoin~

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ETH dropped to .10 cents on the GDAX exchange, which is run by Coinbase. I watched it happen. Pretty sure everyone that uses GDAX now, including myself has limit orders for ETH at $1....just in case.

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