How to send a cryptowite course from hundreds of dollars to 10 cents - a true story in a few seconds

Ethereum course in a few moments fell from over $ 300. Up to 10 cents on one of the cryptal exchange. Someone could make good money on it.

Ethereum is the second largest capitalizing player in the world - just after Bitcoin. There are smart deals: two parties agree that if X becomes Y, money will be transferred to account Z. It is not a copy or competition for bitcoin, but rather a way to develop its concept.
Recently Ethereum has also become famous as a great way to make fast business. Over the course of the year the rate has increased by more than 4,000. percent.! Still in January it oscillated around 8 dollars, and now it has risen to over 300.

Even faster, the odds may drop.

GDAX users , who could lose all their savings in a matter of seconds, were convinced of it.
The idea of ​​cryptanalysts is similar to the way stock exchanges operate, but instead of the Snapchat shares, people exchange tokens. The difference is that if, for example, Snapchat is listed on the New York Stock Exchange, its shares can no longer be bought in Warsaw. In the case of the cryptalalyst, there are many independent exchanges with different offers and sales.
On the GDAX exchange, a user posted an offer for Ethereum worth several million dollars. It is not a big sum for Ethereum's total capitalization of about $ 31.5 billion, but on this one stock exchange, this caused a temporary cataclysm.

One of the fundamental laws of economics indicates that if the supply increases, ceteris paribus (under constant conditions) drops in price. Short-term stock market investors have a formula that protects them from big losses in the event of a rapid drop in exchange rates.
So, if the first offer was lowered from $ 317, Up to $ 300, then there was another investor's offer, which decided that if the currency fell so much to sell. Feedback: Next offers have lowered the price even further.

Within a few moments the Ethereum course dropped to 10 cents!

This can be easily imagined by presenting a car exchange. Suppose someone had fallen in love with Dacia Duster and bought a few hundred copies of this car (the rich would not make mistakes), but then he looked into his eyes and decided to take them all to the stock market to sell at a bargain price ("I do not want to look more ! ").
What will happen to the prices of other Dacia Duster on this stock exchange? Since no one will want to buy cars at a normal price, because next will be a lot of cheap as a beetroot, the price will fall to the head of the neck. In the world of electronic transactions decisions are made in fractions of a second, so the time has come for the cascade, which has brought with it 800 automatic sales decisions.
In the real world, no one will sell a car for a cent, because it represents more value because of the material it is made of. The car also performs many other roles than investing and storing assets. Some people treat cryptanalysts only as an investment, so bids can be quizzed and quipped.
But do we come to a fundamental issue here? Who in the right mind is going to the market to sell a few hundred Dacia Duster? Someone who cares to lower her price. Who pours Ethereum's deal worth several million dollars? Someone who wants to lower his price.
This is just my theory (a little conspiracy), but theoretically it is possible that a colleague of our seller set the condition of buying Ethereum for 10 cents or another small amount. Then, knowing that the market would sooner or later return to equilibrium could earn millions by spending hundreds of dollars.

It could have been an attempt to manipulate the market, for example by an investment fund.

The course rebounded but did not return to earlier levels. This made it clear that investing in a stock exchange, especially a cryptanalyst, involves high risk. The liquidity of the markets is not too big and therefore susceptible to manipulation.