ETH sell-off depleted all GDAX bid orders!

[clardalan]

Go read the graphs for yourself. 33k eth dumped in 4 minutes, crashed the whole bid book. Lowest sold was 11$!!!

GTFO out of ETH before you loose your hard earned cash.

[xbiv2]

https://poloniex.com/lending#ETH
Loan Offers Total: 117107.15317746 ETH
gona be sold soon

[clardalan]

https://poloniex.com/lending#ETH
Loan Offers Total: 117107.15317746 ETH
gona be sold soon

people shorting it?

[xbiv2]

https://poloniex.com/lending#ETH
Loan Offers Total: 117107.15317746 ETH
gona be sold soon

people shorting it?

not yet

[leowonderful]

And so it begins. All we needed was a pin and the entire ETH bubble begins to pop. ETH will likely go down much further than it has already until this congestion problem is solved, possibly 250 or less.

[bitcoinchaser]

Insane. Someone made a ton of cash today.
And many more are going to lose a lot more....

[Tmdz]

Bear trap, don't fall for it.

[clardalan]

Bear trap, don't fall for it.

how can we hold on eth if we get locked out of our wallets and not move it when we need it?

I have 2 wallets offline, and 3 transactions that did not make it in hours.

That is not what I call a currency. it needs to get fixed.

[MemberBerries]

Maybe another hardfork to bail out people again...because, fuck fundamentals.

[benthach]

Go read the graphs for yourself. 33k eth dumped in 4 minutes, crashed the whole bid book. Lowest sold was 11$!!!

GTFO out of ETH before you loose your hard earned cash.

This shit is worthless! $11 is still too much.

[Nougat]

It looks like ETH/USD trading on GDAX was halted since 16:09 EDT.    I do see recent trades on ETH/BTC and ETH/EUR.  Other BTC and LTC pairs seem to be trading normally.

Edit: trying to trade LTC/USD and gdax interface is very very slow, taking forever to place/cancel orders.