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RE: BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating

Rule #1 of Trading: Never invest more than what you can afford!

Believing or not in Ether is not the question and it is no different from any other currency or stock. Sometimes this things happen! Always be prepared! This happened a hundred of times with several financial instruments (stocks, forex, etc.) and as @crypt0 said you should be disciplined enough to set stops/trailing stops.