How can a flash crash happen, like ethereum going from more then 300 dollar down to 10 cents in a flash... shouldn't there be people selling at 10 cents for that to be possible, cause without supply you can have all the demand you want but you ain't getting anything.
Or are these sellers idiots that put their money in the hands of a bot that'll sell in such a panic no matter what? if so what have these "victims" to wine about?
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a market order sells to the nearest bid.. any bid.. so if someone put an order to sell 10,000 coins at any price.. it would eat through all the buys all the way down to the bottom.. because it will just keep selling and selling to any buy order there is availible no matter the price.
Stop losses are market orders. They will sell at the nearest bid if price goes below a certain level.