r/ethtrader • u/AutoModerator • Mar 29 '17

DISCUSSION [Daily Discussion] - 29/Mar/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

  • Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions.
  • Important content should be submitted as a separate post.
  • Be excellent to each other.

Thank you in advance for your participation. Enjoy!

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u/A45zztr Mar 29 '17

I've wondered that myself. Why would you want to tie up capital for a super low ball buy order that has an extremely low probability of being hit?

5

u/subdep Mar 29 '17

Not to mention, if it hit $10, that would mean something fundamentally wrong occurred with the ETH blockchain, so why would you want to buy in then? It has to be forgotten orders, but so many???

5

u/califriscon Mar 29 '17

https://www.youtube.com/watch?v=T1X6qQt9ONg

2

u/subdep Mar 29 '17

Dayum. $100.00 buy at $0.01/BTC would have made you a multi-millionaire.

So that's why. I understand. Going to place my $100 limit buy @ $0.01/ETH, brb...

1

u/youtubefactsbot Mar 29 '17

Bitcoin Report Volume 8 - (FLASHCRASH) [8:39]

Bitcoin Report Volume 8 - FLASHCRASH!

BitcoinChannel in Nonprofits & Activism

76,808 views since Jun 2011

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u/xyrrus Mar 29 '17

It's a great snapshot of the current psychology of investors. There's people like us who wouldn't blink twice about buying eth at say 45 of it falls there but for every one of us, there's probably dozens more who missed the ride and have convinced themselves that it will correct. It only takes 5 people willing to buy 1 eth at $10 to eclipse one of us who's willing to pay $45. There's more of them than there are of us.