Flash crash from 318-13 USD $30,000,000 ETH DUMP
This Is The Dangers Of Margintrading
The dangers of having open margin calls or if you had a stop-loss order open.
When a stop-loss order triggers it creates a market order.
A market order is basically buy now at the buyer's offer price.
If you were unlucky you just sold your Eth for 13$ or you got margin called.
Better order types
Stop-limit order if you plan to save yourself from a downtrend or plan to sell at specific price Stop limit orders is the tool to use.
When a Stop-limit order triggers it creatres a limit order a order with a specific sell price.
the only bad this about this is that it may not be filled during a "free fall". Dont panic sell plan your trades. or just HODL.
Some clever people
Someone bought with preset orders for 13 dollars and 1 min later it was 305.
Who was this
Fatfinger whale?
Some noobs just got rekt by MARGIN sell. Welcome to the wild west scrubs
wait when and where was this? I cannot find that chart
Gdax shar is from cryptowatch https://cryptowat.ch/coinbase/ethusd