Cryptocurrency is a crazy world and highly volatile market. In the last six months Price of an ether rose from $6 to $390.
Today price of an ether fell to about $0.1, only for a few seconds. It is difficult to be at the right place at right time to grab such opportunities, but one guy was lucky enough.
He bought 3809 Ethereum during the crash and immediately it rose to 320+ ..
A nice profit of around $1.1 Million. Not bad!
As with almost all flash crashes, it is unclear why it happened. There are various theories on why it might have happened..
Some reddittors blame it on $30million dump by a single seller that happened on GDAX exchange. Some blame it on market manipulation or a technical glitch or a fat finger error..
Whatever it is, this cryptocurrency ride is hugely exciting. I hope you are enjoying the ride!
Nice screenshot. With this amount of 3809 ETH I'd just drop 10 ETH at almost every ICO in the next 2 years. At least one of these 381 projects will make 10 or 100 million out of that :D
It's the wild west at the moment. Gold rush all over again, except this time, there's more resources for all and fewer people ready to come to the party. Let's enjoy this ride!
Albut
Exciting times for us little people to be exposed to this sort of oppertunity. We have been locked out for to long. Interesting if the real gold will explode to the up side soon. Seems no one is looking there atm.
Keep crazy orders for free money!
haha right! But not everyone is that lucky.
That's crazy, I dont think this has a good influence on ETH, what is your opinion? I dont think anyone wanted to sell ETH for 0,1$. I think someone lost a lot of money because of that technical issue.
This kind of things happen every now and then. Many lost their money. But for ETH itself, I don't think it matters in the long run.
wow!!! how's that even possible??
Status wanted to cash their Ether from their ICO into USD. They crashed the market lol
This is amazing. Makes you excited and also just sick to your stomach that it was not you that seized this opportunity.
Quick money
Nice score for him!