Opportunity can spring up at literally any time when you're in the crypto space. And at the most unlikeliest of times too, it seems. Yesterday, the Waves token was trading at around 5070 sats on Binance when, from out of the blue, the price dropped to 1 sat. Yeah, you heard me right!
.jpg)
It seems that some unknown Waves whale investor triggered the ultimate sell order, crashing the price of Waves to present one of the best buying opportunities the crypto markets have ever seen. Depending on which side of the fence you were sitting, this freak event either got you foaming at the mouth with glee or running for the hills screaming. However, as with all these crypto flash crashes, the move was short-lived.
Not even a minute later, the price rectified itself to shoot straight back up to the 5070 sats level as though nothing had happened. You gotta love this game we're all in, right? However, this phenomena has, and most likely will, take place again.
I believe it was last year. I was out having lunch when I decided to randomly check the market rates, as we all do. I remember almost falling off my seat when I saw Ethereum had plummeted to around $13. Forgetting about even finishing up the food, I scrambled out the cafe and legged it home to get it on the action and scoop up some of that cheap crypto. Alas, it was also a short lived event and the price had recovered once more when I got back. "Gutted" doesn't even come close to how I was feeling.
Oh well, this Waves debacle took place when I was completely unawares. So this latest episode doesn't hurt "too" much. Looks like I need to set a load of ultra low buy orders on every crypto out there. You know, just in case... :)
I've seen similar things happen to various coins. Not to this degree, but enough to make the blood start pumping :) Like you and ETH I was unable to cash-in in time, but the road is long :) !BEER
It's a crazy ride we're on, my friend. All I know is you gotta be in it to win it. Bless you, man. Hope all is well on your side.
CHEERS!!! :)
All good here. Keeping in this winter of ours, but winter is a good time to get some house keeping done :)
Be sure to check out that BEER token you got there. I just heard about that during the Utopian FOSS Hub show yesterday. Holger80 was on and was talking about some of the interesting things happening in SteemEngine. BEER is a cool little token. If you have 10 beer in your wallet then by typing ! BEER (no space) in a comment the writer of the original post will receive 1 beer into their wallet from the beer reward pool. Pretty cool.
Anyway, I will be seeing you around I'm sure.
Cheers,
Bucky
Thanks for the heads up, man. I'm looking into it like right now! :)
You’re just brushing me up in crypto technical know how dear @ezzy
🖕that’s a nugget!!
Posted using Partiko iOS
Set your buy orders, @maxdevalue! You never know... :)
Sure!
Posted using Partiko iOS
I think it is a good idea to have some buy orders on exchanges for these obsurd moves downward. You never know, you can hit the jackpot!
Posted using Partiko iOS
It's insane what can happen in these markets. However I doubt these unreal opportunities will last when the overall crypto space eventually matures though.
To view or trade
BEERgo to steem-engine.com.Hey @ezzy, here is your
BEERtoken. Enjoy it!Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 9.15% upvote! Together, let’s change the world!
Ola. 1 satoshi...
Posted using Partiko Android
This selling makes cryptocurrency unreliable to some people. If I am not wrong this coin is in the Top 100 coinmarket cap. Thank you for this valuable post
Posted using Partiko Android
With these low marketcaps, situations like this will arise. Hopefully in the future, things will be different.
Isn't that the exact same thing that happened with steem around 2 months ago too?
Price dipped to 0.03$ for a couple of minutes and then straight back up to 0.30+$
Really??? Damn, I thought 7 cents was the lowest it ever went...
Nah...actually happened on 21/1/2019
a real steal if you had low order...
Wow! I've been asleep at the wheel, mate. Thanks for the info. :)
Congratulations @ezzy! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!