Yesterday Ethereum crashed all the way down to 1 cent. This crash happened because someone on GDAX sold a ton of ETH all at one time. This sell immediately filled all the buy orders and then started hitting investors stop orders. Hitting investors stop orders created a chain reaction crashing the price all the way down to 1 cent and alot of people lost alot of money.due to the fact of their stop orders being hit.
This event was not a scam or a malicious attack. It is simply a phenomenon of what can happen on exchanges. In today's stock market they have circuit breakers in place to stop this from happening.
But are circuit breakers really free market?
Should Cryptocurrency Exchanges Have Circuit Breakers In Place To Stop Crashes?