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Bitcoin: How ‘flash crashes could prove to be an effective strategy’ for traders
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Bitcoin’s most recent flash crash might have been a miraculous gift for some. However, it was an early Halloween horror for others.
On 21 October, the king coin tumbled from its all-time highs of around $65,000 to relive its former days as an $8,200 asset on one exchange platform. This took place on the Binance.US and left some shaken traders wondering if they could cash in on the next glitch.
To that end, crypto-researcher Max Maher recently analyzed the cause of the flash crash and came up with some suggestions for what traders could do – if they wanted to take their chances.
Well, this happens to be (literally) a ten thousand dollar question. Can traders profit from flash crashes in the future? Maher confirmed it is possible, but advised
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