Cryptocurrency is a crazy world and highly volatile market. In the last six months Price of an ether rose from $6 to $390.
Today price of an ether fell to about $0.1, only for a few seconds. It is difficult to be at the right place at right time to grab such opportunities, but one guy was lucky enough.
He bought 3809 Ethereum during the crash and immediately it rose to 320+ ..
A nice profit of around $1.1 Million. Not bad!
As with almost all flash crashes, it is unclear why it happened. There are various theories on why it might have happened..
Some reddittors blame it on $30million dump by a single seller that happened on GDAX exchange. Some blame it on market manipulation or a technical glitch or a fat finger error..
Whatever it is, this cryptocurrency ride is hugely exciting. I hope you are enjoying the ride!