On Wednesday, 17th April 2019, #WAVES a famous cryptocurrency has experienced a sudden #CRASH which dumps its prices absurdly low down to 10 Satoshis at 1hr Chart.
The #Crypto WAVES trading at 5081 before the flash crash. The price decrease instantly more than 5000% percents. It is rank at 29 and having market capitalisation of 51,540 BTC ($271,170,350 USD) according to coinmarketcap.com
In other words, if you had place your buy orders at a very low percentage, you could have chance to increase your portfolio up to 5200% instantly as price has recovered within minutes.
It is considering as a Major and #Expensive #Mistake by a trader who probably place a sell order 'MARKET' with no stop loss for 506,000 WAVES. This sell order has almost cleared the entire order book of the trading pair WAVES - BTC on Binance exchange.
About #Binance :
Binance has becomes the top cryptocurrency exchange in terms of trading volume.
Join here: https://www.binance.com/en?ref=15308192
A major mistake using ' #MARKET 'as option without stop loss.
Market means what ever buying rate is available just sell ..... so if there was a buying at 0.0005160 satoshi it was complete and followed by all the buying in the list going down to last waves at 10 satoshi in sell order xD .. :)
Actually #Trade #Volume was very less for #BTC-WAVES at #Binance #xchange , at the time when wrong sell order was placed. That is why all low down orders got filled as well :)
#Congrats to those who bought extremely cheap and a lesson for seller who did a major mistake and face a huge loss :/
If one trader made a #Mistake, not everyone is going to through away their assets ..
Next selling are on regular prices and buyer will be forced to buy on what sell order .. If buyer places an order keeping in mind few mins back history .. he will keep on waiting unless someone else repeats the mistake xD