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Author Topic: Flash crashes on Cryptsy  (Read 2801 times)
chesthing
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February 28, 2014, 07:49:05 PM
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Can someone please explain how this happens? today, Doge crashed from 191 to 1 for an instant, on pretty high volume. Litecoin has flashed crashed to half it's price twice in the last couple weeks as well. Is this simply a clueless seller dumping way more coins than the market could absorb? - this doesn't make sense to me because when you submit an order for going rate they will sit there until all coins get that rate right? another explanation is it was a glitch and no coins were actually sold at that amount. Please explain if you know.
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February 28, 2014, 08:00:00 PM
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Can someone please explain how this happens? today, Doge crashed from 191 to 1 for an instant, on pretty high volume. Litecoin has flashed crashed to half it's price twice in the last couple weeks as well. Is this simply a clueless seller dumping way more coins than the market could absorb? - this doesn't make sense to me because when you submit an order for going rate they will sit there until all coins get that rate right? another explanation is it was a glitch and no coins were actually sold at that amount. Please explain if you know.

That is erroneous data making its way into the chart. We will clear it out.
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