Good morning guys! I know that most of you have seen the flash crashing of Ethereum just an hour ago. It is from the Price of $350+ going down to the price of $74 then goes down more to $13 in just minutes!
Wow. I didn't know if it was a price crash really or just a bug at coinbase and other exchanges but it is recorded that at that time in the 1-minute charting, it is really in there the price crash.
Here is what I saw from the Business Insider for their details:
Image credit source: http://uk.businessinsider.com/ethereum-price-flash-crash-2017-6?r=US&IR=T
What do you guys think of this? As we could see volatility is always there but I always believe in the team of Vitalik Buterin.
The crash is due to the Eth going down yesterday. There was a crash and places like coinbase are still recovering.
Looks like a bug. Something doesn't look right. Now at $325.30
Insider tip: Always keep a few buy orders on GDAX for ~$50 you never know, it might get tripped :) (The same goes for sell orders well above current price.)