There are plenty exchanges and some people chose small ones over big ones due to ie their local currency or good arbitrage options. Today a guy (or a bot) did huge fail due to panic.
Due to small volume and some API this caused flash crash to 1k AUD which went back fast to 10k AUD back.
On such market conditions those situations may happen more and more. Expect also exchanges starting to go down.
Bitcoin Markets
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I disagree... I think this is just API error. Selling at $999 means the entire sell order from current price to $999 has to be filled. Which did not happen.
No one sold at $999 and no one bought at this price.
Or somebody just tried to simulate the huge price drop. On some exchanges you can sell/buy 0.0001 and it will appear on a chart.
I agree with you. How can one sell for 999. The order will not get filled. However and wherever that happened,its hard to believe. But thanks forletting us know.
maybe its API issue maybe a flashcrash both happen sometimes and ive bought cheap coins many times on flash crashes. i dont use this AU exchange though
Wouldn't it be possible that the person/bot didn't actually instantly sell at $999? Instead, created a sell offer at $999?
I also agree it is API error. It is not the first time that this happened, so I can say that this is some:
so the headline is fake and just click bait.. hmmmm
@kingscrows I can not believe that could be really possible. Only I can not.
Thanks for bring this post. I voted you.
Wow thats bad, selling precious bitcoins is not smart anyway, but for that price.........
HODL!!!
Maybe he thought the price of a bitcoin was the one from a year ago. Who knows?
I bought some SUB for 0.013 BTC once instead of 0.0013BTC :(
realmente necesitamos mucha educación financiera y de comercio, ya que muchos solo pinzan en cambiar dinero fácil sin tomar en cuenta sus propias y necesarias inversiones. bueno todo un giro a nuestro favor.
I would have a heart attack if I made this mistake!
Ouch!! That’s got to hurt. Unless he was trying to cause a flash crash! In which case ouch!!
It is giving away...
Hoping it is me!
WTF???
Wow this is funny and sad, the buyer is super lucky.
One person messed up and another ended up doing really good so I guess it sort of even outs, you gotta know what you're doing in this space or else you'll lose your pants !
But, what was the quantity?
And indeed, poor guy.
great question
Hey!
Useful information about the day opening price, For all current and future readers.
Today's date 18/03/2018:
Bitcoin: 8011$
Ethereum: 564$
Ripple: 0,65$
Bitcoin Cash: 970$
Litecoin: 154$
NEO: 69$
Cardano: 0,15$
Stellar: 0,21$
MIOTA: 1,14 $
EOS: 4,71 $
Have a good day everyone!
According to your price on Neo it's in free fall. Lost basically 30 percent already.
Lucky buyer! Now I know why people put ridiculous amount as bid prices. Sometimes a flash crash such as these happen.
There was a time it happened with Ethereum
I remember that time.
Somebody sold like 30000000in Ethereum and crashes the price. Some lucky cryptonian made 3million out of 300usd that day lol. I wonder how long
prices are down now it is a risk we all have to survive
thanks for sharing i will never make this mistake :) you are great @kingscrown
Damn, that must've pissed the guy off, LOL.
What? Is it real? This is a terrible mistake.
ouch... but I guess someone made some solid profit :P
I have seen some shocking mistakes on etherdelta. The worst exchange for this type of stuff lol
I don't know how playing around with exchanges work as I choose Binance over any other.
Bloody hell! It's such a pity, these dips in the market is really doing so much harm, Its so sad for this person
Shit happens to some and others get lucky
He can sleep it off well in a few weeks, unlike the guy who ordered pizza who's constantly having a nightmare til his last one.
nice post.... thanks for your valueble information cryptocurrency
funny
It's a very rare case that something good happens from panic. Oh no....poor guy :(
this gys make this market very bad.. i wish i kiked out this gys form earth
Nice information
Hola @kingscrown, grave error del vendedor, con gran beneficio para el comprador, los que se desarroyan en esos medios dia a dia deben estar muy pendiente para no cometer esos errores. Un saludo cordial, mucho exito y bendiciones.
Yes brother only keep hold Btc is king he wake up soon
Just one decimal places wrong and lose so much from selling at wrong price
Crap, I would shit myself then try and recover my faculties by drowning into a nice prime rib meal.
i do not trade anything so expensive but still I check 3x the price before i press enter :)
omg, I even think people who dare to jump right into playing bitcoin are people who already think long and smart
a very promising prospect if we want to speculate in running a bitcoin business
Damn. Major ouch. but that means one lucky guy out there too.
I would have killed my self if that had happened to me, seriously man whoever you are who did this mistake you will surely remember this for the rest of your life.
Yikes!!!
real interesting!! see my work if you will....on the markets, including BTC.
it is a risk
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Karma did its job!
Maybe its just a Hack or a Bug, what do i know about API and APPICS anyways!
Is this a quality post truly worth its rewards? Nope.
Congratulations @kingscrown!
Your post was mentioned in the Steemit Hit Parade in the following category:
I agree with you.
Well, that's too bad for poor man. to relax you and him might like a photo story about Paper Wallets