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RE: Kraken, a Cryptocurrency Exchange, Faces Class Action Lawsuit Over Ethereum Flash Crash in May 2017

in #kraken7 years ago (edited)

i'm new to trading, or rather i've not even started, but how can this happen at all? shouldn't there be people willing to sell at a certain price? how can the price ever go down even for a second to such low levels without someone willing to sell at that price? you can't buy if no one wants to sell right?
So i guess these people made sell offers that low? or put their money in the hands of a bot who sold it for them.
Unless kraken made the sell order for them, how can any of this be krakens fault?

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