Cryptocurrency

[scooterscot]

Exchanges are known to go down when the market drops in order to cover their buying on the cheap.

I'd not put it past them. There's insider trading for sure on some of those exchanges.

[MrMarkyMark]

I'd not put it past them. There's insider trading for sure on some of those exchanges.

Surely all.

[scooterscot]

Litecoin holders do the dance

[AtW]

Ethereum price crashed from $319 to 10 cents on GDAX after huge trade

[vadhert]

Ethereum price crashed from $319 to 10 cents on GDAX after huge trade

When markets are small this can happen, I'm not seeing an issue here.

Its easy for a large institution to pump up the price with a large acquisition and dump the acquisition in order to drive fear into the real market.

I'd expect fools that lost money did that on margin based positions as they couldn't cover the price drop.

Price is now around £257 per ether which reflects the market generally is quite strong.

[BrilloPad]

Ethereum price crashed from $319 to 10 cents on GDAX after huge trade

A buying opportunity....

[Drei]

A buying opportunity....

Only if you had account on that exchange, kinda silly as the price should be absorbed by the overall supply demand not just crashing 1 exchange. Doubt many people had the chance to buy and if they did they can potentially have their trades nullified by the specific exchange as it happened in the past with such crashes.


What you gonna do, open an account on every exchange available, send them £1000 and put buy orders for silly money hoping that this will happen again?

[ChimpMaster]

A buying opportunity....

Exchanges won't let you buy at those 'silly' prices because they wouldn't want you to make that kind of money off them. There is no chance an independent trader bought in at 10 cents during this flash crash. No chance at all.

[scooterscot]

I'd expect fools that lost money did that on margin based positions as they couldn't cover the price drop.

Exactly my thoughts. Traders playing the game from both sides get burnt the most. Investors on the other hand...

[darmstadt]

AtW's back room: Russian Biggest Bitcoin Mining Farm | English Russia