Hey everyone!
In case you didnt notice, yesterday there was a signifigant breakdown with ethereum price. A holder sold off a few million ETH and went on to crash the market price from over $340, down to almost $0.10. This an issue which apparently cost millions to people who set up automatic sell points.
I found an interesting article and wanted to share the Omega one trading platform that claims to fix this problem. Omega one system will break down huge orders like this and spread them across many different selling platforms in to tiny micro sells which will not affect the market as much as yesterdays crash did. Also Omega one gives you the luxury of keeping your coins in your wallet until the sell is complete, rather than having to trust the website to hold your currencies until you can cash your coins out.
This seems like a great step forward for the crypto currency world and it's much needed as our market cap continues to hit all time highs. This website could be greatly beneficial for our community and may help global adoption in the long term.
Here is the article:
https://futurism.com/why-the-gdax-ether-flash-crash-isnt-surprising-and-what-it-means-for-crypto/
I would love to hear your feedback!
Thanks
Matt
