You are viewing a single comment's thread from:

RE: Silver Train Needs to Lead the Way.

in #market7 years ago

Asset types Gold\Silver and Crypto seem to be stagnant at present. It feels as if Crypto is stabilised so waiting for the next surge. I think it will be up. Might be good to put in a few low price buy orders for your cryptos. GDAX flash crashed ethereum 2 days ago and 1 very lucky person got 336 eth at .10 cent and then then went start back up to 300 dollars. I am sure that person is enjoying the champagne... I put in a few at 10% of their current value just in case these flash crashes were to repeat. Here is the text "Ethereum crashed from $319 to 10 cents in seconds on one exchange after 'multimillion dollar' trade Ethereum crashed from $319 to 10 cents in seconds on one exchange after 'multimillion dollar' trade
Thursday, 22 Jun 2017 | 9:12 AM ET | 00:44
The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a "multimillion dollar market sell" order.

Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges, ethereum was trading around $338.

Adam White, the vice president of GDAX which is run by U.S. firm Coinbase, posted on the exchange's blog, outlining what took place at around 12:30 p.m. PT on Wednesday. According to White, the multimillion dollar market sell order resulted in a number of orders being filled from $317.81 to $224.48.

As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents."