"Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements. ... Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer."
OK, whatever the hell that is.
I had never heard of Ethereum until I read this article. Apparently it's traded in one form or another because it flash crashed from $360 to $13. One trader, who was using stops, got filled at 10¢!
"GDAX just sold a good chunk of my ether at 10 cents each!
So I had a stop order at 316, when GDAX went down (for whatever reason) all my ether was sold at the highest (at the time) price available. When I logged in I saw a small USD amount, I though it was a hiccup. Checked the fills and indeed it was sold at 10 cents. There is no way this will be reversed right? If that's the case I believe I will be leaving the crypto market at least until it stabilizes.
Just lost 3k in the blink of an eye."
Read full article here:
