Flash crash sends ETH price from $317 to $0.10
- Thread starter tradethetrade
- Start date
tradethetrade
Vendor
This guy was filled at 10c.
"So I had a stop order at 316, when GDAX went down (for whatever reason) all my ether was sold at the highest (at the time) price available. When I logged in I saw a small USD amount, I though it was a hiccup. Checked the fills and indeed it was sold at 10 cents. There is no way this will be reversed right? If that's the case I believe I will be leaving the crypto market at least until it stabilizes.
Just lost 3k in the blink of an eye."
https://www.reddit.com/r/ethtrader/comments/6iokzy/gdax_just_sold_a_good_chunk_of_my_ether_at_10/
"So I had a stop order at 316, when GDAX went down (for whatever reason) all my ether was sold at the highest (at the time) price available. When I logged in I saw a small USD amount, I though it was a hiccup. Checked the fills and indeed it was sold at 10 cents. There is no way this will be reversed right? If that's the case I believe I will be leaving the crypto market at least until it stabilizes.
Just lost 3k in the blink of an eye."
https://www.reddit.com/r/ethtrader/comments/6iokzy/gdax_just_sold_a_good_chunk_of_my_ether_at_10/
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Live + learn ,TradetheTrade; i like limit order$ myself or sometimes market orders with real good volume/liquidity.But i'm not buying or selling bit con.Spell checker not used
ouch, stop loss w/o limit order not even once.
I'm guessing the broker banged him out.
HMMM, I recall some poster on this website said that these no name exchanges were trouble. oh yeah,,,that was me! I am sorry that you lost your $$$, but at least yo have seen the light before it was some humongous loss. And yes I know... the Crypto fans will flame me and tell me how this could never happen to BTC. It is only a matter of time. I still say it will either be some crazy thing on these no name exchanges, or government intervention that will end this crazyness. geez, when the BTC exchange went out of business in 2014 wasn't enough of a lesson? Ok, now it is time to flame me as I know will happen.
Reading comprehension not even once.
https://blog.gdax.com/eth-usd-trading-update-2-216a3b946ef6
We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017. This process will allow affected customers to restore the value of their ETH-USD account to the equivalent value of their ETH-USD account at the moment prior to the rapid price movement. To
We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017. This process will allow affected customers to restore the value of their ETH-USD account to the equivalent value of their ETH-USD account at the moment prior to the rapid price movement. To
Let them credit you. Cash out and consider yourself very lucky