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06-23-2017, 05:11 AM
This Ethereum flash crash shows how cryptocurrency markets are super risky
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The cryptocurrency market for Ethereum plummeted late Wednesday. This wasn't a quick dip, but a flash crash that sent the price from $317 to a low of $0.10 in a matter of seconds.*
Some people saw thousands of dollars in value disappear.*
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Image: Twitter
Things are back to **rmal, sort of. The price of ether, the cryptocurrency of the suddenly hot Ethereum platform, has since rebounded and is trading back at about $318.*
The crash, however, remains as a big reminder that this is a volatile, new market. Plenty of people have made small fortunes investing in these markets, but the get-rich-quick stories belie the risks that the average person faces if they want to get in on these new digital currencies. Read more... (http://mashable.com/2017/06/22/ethereum-flash-crash-cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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The cryptocurrency market for Ethereum plummeted late Wednesday. This wasn't a quick dip, but a flash crash that sent the price from $317 to a low of $0.10 in a matter of seconds.*
Some people saw thousands of dollars in value disappear.*
https://i.amz.mshcdn.com/sqj_fjcxBefHlFSSvRp7CcNXq0o=/fit-in/575x4096/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F516456%2F12842d1e-3343-4915-aa79-bd031b848edd.jpg
Image: Twitter
Things are back to **rmal, sort of. The price of ether, the cryptocurrency of the suddenly hot Ethereum platform, has since rebounded and is trading back at about $318.*
The crash, however, remains as a big reminder that this is a volatile, new market. Plenty of people have made small fortunes investing in these markets, but the get-rich-quick stories belie the risks that the average person faces if they want to get in on these new digital currencies. Read more... (http://mashable.com/2017/06/22/ethereum-flash-crash-cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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