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RE: Ethereum @ $0.10 Yesterday!!! What Happened and What It Could Mean for You
Are we sure that someone actually executed a trade at $0.10 and is not due to pricing error? I trade the forex market and occasionally my broker will have a pricing error in their feed and when that happens, they will reverse the trades executed at that price.
The $0.10 was not due to pricing error. Someone traded a multi-million dollar trade that tipped the scales immensely, but what really set it off was the chain reaction of stop loss triggers after. Then all of the buy limit orders triggered and pushed the currency back up and now it's back to almost where it was, as if nothing ever happened....
I wonder how many people got rich from those buy limit orders. I wish I had put that in place :(
It's okay. There's always regret, and especially in the trading world hindsight is more 20/20 than anything. Maybe put in some now if you have extra cash lying around, and if it happens again in the future you'll be there :)