Someone bought 7000 ETH for 10 Cents

lmao what the fuck

God damned. That's $2.1M made in less than 5 seconds, for $700 initial investment.

I wonder what religion that lucky money-merchant is.

this was on gdax you can see it in the order books

Meanwhile my position got closed and I'm out $600

Pass the bleach, bros.

Imagine setting a stop loss at 290 then having it hit at 10 cents. That's what happened here

they will reverse the trades, this was obviously a glitch, there wasn't enough volume for it to be real

Lol. Some master trader just got rich. Some biz coinfags lost their last 1000. LOLOLOLOL

So the lesson here is to set buy orders for very very very little
right?
and pray to god that this happens again

No way. If I bought at 10 cents and they reversed, I'd sue them into the ground. That's fraud.

Umm how?

If they reverse it I LL sue. It's the free market.

Why kill yourself? Just have senpai teach you the ways of buying low.

That's not enough though. You would still have to be insanely lucky to be selected out of all the thousands of people.

Also pray to god that it it's just a flash crash and not a real crash.

go ahead and try. but you should read their ToS first.

And if they don't reverse, then people are going to sue them below the ground. They're going to have to go with what will hurt them least. They will reverse the trades

Lukcy what? This guy clearly cleared all existing offers.

>Imagine setting a stop loss at 290 then having it hit at 10 cents. That's what happened here

Please explain this in terms any retard can understand because it makes absolutely no sense, this has to be a glitch

>Fuck this shit
>Fuck my life
>I hate being rich
>Fuck everything
>market order sell it all I don't give a fuck

Because he was lucky

>be ethfag
>using gdax
>want to sell if eth goes below 290
>set stop loss at 290
>everyone sells at once
>not enough bids to fill sell orders
>stop losses trigger then sell to the highest bid
>highest bid is 10 cents

WEW
E
W

In a stop loss you set a order to sell if it goes below a certain price. Some special braindead people set the minimum execution price at 0 because typically it wouldn't execute that low anyways..

This already happened before with Gemini. How new are you retards? They're going to reverse.

Losers like you don't even read their terms of condition / user agreement. When agreeing to use an exchange, you basically lose your rights as a consumer, they can do whatever they want without any legal consequences.

I'd be sending to a private wallet as soon as I got some ETH this cheap.

>he read the terms and conditions

Plz leave grandpa

Guys what is done is done, more importantly, if Cuckbase reverses how is that going to impact both BTC & ETH price?

Would it result in a crash?

>what is a contract of adhesion
>what is federal supremacy of the SEC

When you're not an edgy teenager anymore who's seen some shit, terms of conditions is the first thing you read when you have an IQ > 100

it's a joke buddy

It's fine though I know you're upset you lost so much money today

why bother almost every TOS is we do what we want and don't give a shit, all data harvested sold to the highest bidder

If I had a stop loss for the last executed trade

You can't. Withdraws were already disabled, network at a standstill, and coinbase doesn't allow you to withdraw anywhere near that amount.

AHAHAHAHAHAHHAAHAHAHA

...

Place a Stop Limit. Never do Stop Losses

>"THE COINBASE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, COINBASE SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT. COINBASE DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES THAT ACCESS TO THE SITE, ANY PART OF THE COINBASE SERVICES, OR ANY OF THE MATERIALS CONTAINED THEREIN, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, OR ERROR-FREE."
this kind of shit is of course intentional and the owner is part of the scam

It wouldn't be a warranty claim, so that clause doesn't apply.

t. Lawfag

Smells like a scam

Just wait until this shit is regulated

Once it's regulated, Wall Street money can jump in.

I'll be a millionaire if this all gets legitimized, I can't wait

How is that possible

What did I miss that people were selling ETH for 10cents?

margin trading normies kek

a gdax glitch that will be reversed, buy while it's low

do we buy it now ?

>stop limit orders aren't possible on Bittrex
FUCK

>see thread and notice how nobody knows what their talking about
>these are eth bagholders
>realization that this coin has no good outcome

sell it all

newfag

>glitch

It was an unfortunate stop loss where they sold at market price at that second.

to all the people saying it was a glitch and they are going to reserve it.

NOPE. Somebody sold about 90-300k eth so it ate up all the orders until 10cent

>wfw $7 was today

except gdax api data had it at 8-13k ETH. ie: a glitch

>withdraws eth until maxes out deposit
>reverses and puts your account into negative
>"oh fuck, wait I don't give a fuck."

they disabled withdrawals

>what is liquidation?

Face it user, someone got flash crashed and you're just a bitter bagholder.

>tfw I have bought eth a few days ago and it doesnt get to my coinbase account until frday

feels bad

Absolutely incredible.

how to pull off something like this? Set buy order at low price and wait for fuck ups?

I can see 3809, where is 7000 ETH? Also wasn't it 13$ the lowest point and not ten cents?

Thanks.

>international exchanges for electro funny-money you've waived rights on being accountable to one particular regulatory body for one particular branch of finance in one particular country
Fucking kek mate honestly
You'd be better off using your btc to hire mercenaries on the dark net to get it, seriously

>implying they aren't going to have to reverse this.

literally zero chance this will stick

if that happened to me I'd withdraw that bitch to multiple wallets immediately

I'm wondering the same someone please shed some light

only place we can se such gains is coincasinos.io

This guy transformed 300$ into 2,000,000$ in a split second. Impressive, I bet he is drinking champagne right now.

no, retard, he had to buy the entire sell order first. it's a whale, not a random dude who places 300$

this is the correct answer. fucking whales

fuck are you talking about

what if a whale bought everything then some dude came in at 10 cents?

it's just the cia trying their new algo, nothing to see here

coindesk.com/13-ethereum-ether-prices-plunge-2500-gdax-exchange-flash-crash/

api.gdax.com/products/eth-usd/trades?after=6326600

eth coming back on a breakout. Buy for a short term gain

Thanks mate. Can you tell me why is in every article and on gdax lowest point 13$ when it clearly is not?

What the fuck happened here?
This can't be an accident. Maybe Vitalik is trying to dilute eth?

>put in an order at 10 cents
>some mad man actually sells it to you

It must make people feel sooo secure knowing that cuckbase can just block withdrawals of your coins whenever they want to.

yeah I'm taking all my shit out of cuckbase

yeah but now everyone's going to do it

Lucky motherfucker

I believe you but why doesn't the candlestick chart say it went under $1.