Ethereum Flash Crash - $317 to $0.1 on GDAX - Programmer explains

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Информация о Ethereum Flash Crash - $317 to $0.1 on GDAX - Programmer explains

Название	:	Ethereum Flash Crash - $317 to $0.1 on GDAX - Programmer explains
Продолжительность	:	13.41
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Such a nice kid
Comment from : Jaxx

In the Forex Market you choose the slippage in your orders or settings That first order if it had a slippage setting on it for example 2$ it would have been executed partially from 315 to 313$ than stop the order Because who ever made that order wanted to sell at 315$ not 224$ and certainly not 01$ Unless he chooses otherwise And that what everyone should be entitled to Stop loses in the other hand are the traders responsibility
Comment from : Ben Aissa

wow so you spoke of decentralized exchanges in 2017very impressive brwatched this because of this morning's live stream on your sitelol
Comment from : Stephen Elinam

Damn I am two years late 🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️
Comment from : kileeh clark

The lesson is, don't put stop losses on such exchanges
Comment from : Kev Alan

I have a question, brWhen flash crash happens, lets say in one exchange, does it also affect the prices on the other exchange?brFor eg the crash started in some exchange and i had my funds in Binance, will there be price change the same way? brI hope i made my question clear enough
Comment from : Musa

HI Ivan u didnt tell apart from gidex is there any exchange using 'Circuit breaker" this is telling lot more about Crypto origin, intentions, etc,
Comment from : Vens6 kens

there should be a cap maybe well i would say that if i was selling but if i was buying i be like giving me them ethers
Comment from : J o n a t h a n

Whatever it is, just imagine a big trade who starts a downward cascade just so he can pick it back up after the snowball is done A lot of smaller traders will get wiped out over and over again, especially as you point out, the margin traders
Comment from : Phase Space Change

This is the very reason there are government controls on the dollar and world currencies!
Comment from : Jack Jones

that poor plant
Comment from : jammybap

no
Comment from : Kris Soehawan

If you had a buy order at 10 cents you are laughing haha
Comment from : T I

are you on Twitter bro
Comment from : Grimace Gettin_it

I think GDAX should have put on some kind of ceiling on how much one can sell for during a specific number of days
Comment from : Jenny Jenson

If you don't know the risks, don't play the game
Comment from : Michael Wargo

So this here happened for ETH, what if Bitcoin does the same? This here information for some reason tells me that I should place a buy order for $200 (two hunnid dollar) per bitcoin, incase it does And once market stabilizes again, I'll profit like as if I bought that coin 3 years ago
Comment from : Nick Stephens

Water you plant !
Comment from : Martin Walsh

wwwgenesis-miningcom/a/625630brPromo Code ''Pwtg93''
Comment from : Loo g Ghoori aaya feer

Just put a buy order at 020 cent and u will be rich now
Comment from : Todd

What if I made a pending buy limit order at 02 It wont be filled?
Comment from : bambang suseno

that tree doesnt look healthy
Comment from : boringgrass

I don't think it's very secure man JPMorgan was drugged into court from manipulating the gold and silver and slapped on the fucking wrist and given a couple million dollar fine but that's okay cuz he made trillions it's all rigged
Comment from : ICEMAN_GLX

Hi Ivan, I can say that the statement from GDAX was appropriate Things like that happen in the fiat world and exchanges I wouldn't be surprised if it happened more frequently, given the characteristics of the ETH market and its liquidity As more big players come into cryptocurrencies markets, we might experience more movements like that brbrHow can we prevent that? Well, a possible solution would be to implement a circuit breaker, such as the one in futures markets But this could require a bit of - OH MY - centralization ;)
Comment from : Ikaros Matsoukas

This has Goldman written all over it You can cause a flash crash like this one Sell at 300 and buy again at 01, rinse, repeat It requires timing and with the current computing power available to investment banks it is entirely plausible
Comment from : fahad saeed

Sounds like a test run to game the system
Comment from : eddy ngaue

Dont put money in that you cant afford to loose
Comment from : Infor Mation

I am a trader and all trader have to know that trading is high risk and all people NEVER but NEVER should trade with no stop loss active this happen is fine if some millionary guy lost all your maney because its trading withat stop loss active the reason he is millionary but amateur play in worong place and the big fish just eat like the jungle law!!!!
Comment from : Radamés Bispo

In the stock market there is a "breaker switch" to halt trading for a while until the market can figure out what's going on It works well
Comment from : RoboticusMusic

Typical bullshitbrPeople take the credit themselves when their risks payout, blame others when that risk goes the other way/balances back out
Comment from : Peanut - INTP

lets buy FootyCoin guys!!
Comment from : Katzenhaus SHOP

dude, i was drunk, sorry i crushed your thin books
Comment from : Grover Asylum

It's like other markets Lets use ETh for smart Contractor and not for speculations
Comment from : Frank Henning Ritz

The only question is "do you like regulated markets or open markets" The ones who still beliebe in stop losses instead of value should think more about their Strategy
Comment from : Frank Henning Ritz

This is how all markets work eth is a low volume instrument with no liquidity if you don't understand that you should not be trading this type of high risk product Heard of penny stocks? it's very easy for the big boys to manipulate price if you believe in the long game, don't put stops and only risk money you're willing to loose and you'll come out ahead every time
Comment from : VisionSquared

That's what happened in the 1929 stock market crash
Comment from : Pancho Villa

stop loss LIMIT orders from now on!
Comment from : tommek 02

Hi, nice content The flash was caused by a phenomenon called "big finger", which is basically a typo when introducing the sell order It can also happen with sales, though
Comment from : Matze

Security measures means central control It is all what we want to avoid Some are really heppy I am sure
Comment from : Mac Millan Lawyn

It is simple Never use a stop loss
Comment from : Mac Millan Lawyn

the "circuit breaker" is setting another buy order at an even lower price u had sell / stop orders set, and the massive order came in if u have buy orders set at lower prices, you would have locked in your buy order at the lower price
Comment from : ༺ • AFINO • ༻

soverns (nation states, especially the US) like to manipulate markets especially the precious metals markets It looks like they are finally getting into the crypto markets to reak havoc to protect their fiat
Comment from : Scott Dawda

Moral of the story: 1) Don't place stop loss orders 2) Don't EVER trade on margin 3) Try not to get knocked out of the pool by a whale, but do try to ride their tailwind and make some cash that way if you get in at the right time (I got a good deal on ETH at Poloniex when something similar happened a month ago) brbrDecentralized exchange is on the way, won't be rolled out til fall though Or you could go to EtherDelta, they are decentralized, but extremely limited
Comment from : Crypto Prophet Guru

What do I think? I wish I were the person who had that $010 order pending If I had a few dollars to spare, I'd place a 25 cent limit order!
Comment from : Chaplain Dave Sparks

Usually all "common" markets have such regulations: if asset price drops more than 20 per hour trading normally is suspended, and discrete mode is ON on NYSE it happens even with 6 loss For such @thin markets as eutherium, thse regulations should be even more stronger
Comment from : Vadim Mayorov

Crybaggers on margin be like Nooooooooooooooooooooooooo! Anyother time they are in a pump group laughing Good for them Hope they lost it all Fleabags
Comment from : IamJ007

I disagree on the "circuit breaker" Flash crashes should be present and profitable It sends positive market signals for more traders to come in and take advantage The more traders looking for crashes the more people are buying on the crash The more people buying on the crash the lower the crash will go
Comment from : Zorbacci O

how big was the volume of the stop losses?brcould it be that the seller knew he could buy back his ether entirely on stop loss fulfillment, the difference in price being his profit?
Comment from : AnarchistMetalhead

sun is always good
Comment from : htcone Zm

There just needed to be more options for people that wanted to auto sell Like sell if price drops 10 but stop selling if price drops 20 and wait for confirmation if you want to keep selling Same for auto buying But having money on exchanges that you don't want to lose or can't afford to lose is just plain dumb Keep your crypto safe and local with lots of back up I mean just setting up a confirmation of buy and sell orders would have stopped unwanted transactions
Comment from : Daniel Terry

How would a circuit breaker work when the trades in question were automated stop-loss orders and margin calls? Wouldn't they just execute the second you opened the exchange again?
Comment from : Jason DiCioccio

Since this was filmed it must be noted that GDAX agreed to reimburse those who lost money in the triggered automatic sales caused by the flash crash brbrTheir statement of inherent risk in using margin is 100 on point and it is kind of nuts to leverage margin on exchanges that are some of the most volatile in the world Secondly , with the relatively low total volume the ability for a whale to make a significant impact by a large buy or sell operation adds sensitivity to the ability to engender flash crashes triggered by margin call chain reactionsbrbrSo they directly address what you called an unsympathetic statement They didn't have to reimburse those losses but they are doing it
Comment from : David Saintloth

DONT SET STOP LOSS ORDERS!
Comment from : causeofb

First time finding your channel Big fan already after one video Excellent explanation thx
Comment from : Neo

The important lesson? Stop loss orders are for dumb dumbs Period
Comment from : Michael Bradtke

So what do u suggest for those who bought in higher
Comment from : One Toronto

ur plant needs more sun please take care of it
Comment from : Tomasino Tampus

you are right, this is so f*ing manipulated-brI can not find any crash in the charts, 3 days laterbrand every site shows a different graph
Comment from : Austrian Erb

I personally agree that in the heat of the moment when a security is crashing, especially a cryptocurrency, the information underlying the crash may be lacking, so a circuit breaker makes absolute sense, to give the market time to gather data underlying the cause of the crash and analyze what is going on and become rational again Given that cryptocurrencies are more volatile, the threshold for the breaker should definitely be higher than what the stock exchanges use What an acceptable threshold is, should be discussed and decided upon by representatives of all the cryptocurrency exchanges so that there is a uniform standard Whether this can be coordinated, I don't know Someone has to take responsibility for the coordination of this
Comment from : J Michael Kafes

Buy and hold people Don't set Sell Order Limits because the professionals will take advantage That entity that sold millions bought back in at lower prices Buy and hold!
Comment from : Max Prophet

it's back to 220 now so this vid is irelevant only thing i see here at time's like this is too buy eterium at 10 cent !
Comment from : Savage Kando

I think ethereum will drastically rebound Maybe $2k/ an ether
Comment from : Andy Peterson

Ivan I agree there should be 'circuit breakers' when there is massive drops in crypto currency I believe this was a delibate action which arised from both humans and how software is designed
Comment from : firstpersonvideoable

TL;DR: Ethereum ppl got Mt Gox'd because of how the software is designed
Comment from : firstpersonvideoable

I think there have to be limits on the price movement both up and down in the grain market their is limits and extended limits to prevent something lick this
Comment from : Wessel Oosthuizen

Did many people make a lot of money by buying ethereum at that rock bottom price, or was it mainly marked by just losses?
Comment from : alexmakesvideo

Not really sure how the circuit breaker system works However, I don'd understand why anyone would have sell orders set at $90 That just seems like a really bad idea
Comment from : MillionaireMindframe101

dude, place the tree so that its in the left corner and see the difference
Comment from : prathamesh khadse

As a business they can't say something like " we're so sorry you guys lost millions" or they would be admitting they did something wrong and give people a reason to sue
Comment from : Jessica