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Survivors of market disasters: In this disaster, some people actually made money

There is no need to repeat the tragic market. Various historical figures are present, and they all reveal a signal: this disaster is like an earthquake with no warning signs. The victims are everywhere, and the survival is a fluke.
But in this disaster, there are still people who make money.
If you still have the impression, on August 23 of last year, there was a problem with Amazon AWS 'server in Japan, which caused the products using the region's services to be affected to varying degrees, including the cryptocurrency trading platform. After discovering a problem with Binance using AWS, the user's deposit and withdrawal were suspended, but the trading platform using the Binance Quotation API failed to take timely measures, resulting in loopholes in market makers' strategies.
That day, while Bitcoin was still steadily maintained at 10,000 USD, some users bought Bitcoin at a unit price of 0.32 USD, and when there was almost no fluctuation in the market, they used the mistake of the server to add western food for the night. A bottle of champagne.
In this disaster after 5 months, some people still use the environment to find a way to survive.
Ethereum 0 dollar purchase?
A $ 0 purchase of Ethereum happened on March 13. The market plummeted, many mortgagors' positions were exploded, and ETH fell from $ 180 to less than $ 100 without resistance. The decentralized Defi market that depends on the value of ETH is naturally not immune, such as the MakerDAO platform. MakerDAO's borrowing logic is that users over-collateralize ETH to lend USD stablecoin DAI, but when the value of ETH fell rapidly, a large number of loans fell below the threshold and the system had to be liquidated. In other words, the user's loan was not repaid. Mortgage of ETH is also not available.
So MakerDAO has a bad debt, the amount exceeds USD 4 million. In order to repay this bad debt, MakerDAO chooses to auction the collateral, that is, ETH, BAT, etc., and uses the stable currency DAI to bid. They need to use the auction proceeds to obtain repay loan.
Under normal circumstances, such auctions are not too accidental. The feeding system reports the current price of ETH, and the bidders will probably trade at a price slightly lower than the market price.
However, the background of this auction is the market's plunge. The transaction caused investors to intensive operations, which blocked the Ethereum network. It takes far more than usual gas fees to allow the miners to confirm the transfer as soon as possible.
According to the browser, on the morning of the 13th, if only 44 gwei is used, the transfer confirmation time on the Ethereum network will take 72958 seconds, which is 20 hours.
The MakerDAO debt auction on the Ethereum network has also been affected. The blockage of the network has prevented bidders with low gas costs from bidding in time, which caused participants to bid 0 DAI / ETH to drop the hammer.
It can also be seen from the transaction records that the auction of 0 DAI was indeed successful. These lucky bidders only paid a transfer fee of US $ 1 and transferred 0 amount to obtain an ETH worth US $ 122 at the time.
These people are undoubtedly fortunate. The external environment helped them to become the only game participants. The exchange of $ 1 for $ 120 and a profit of 11900% was much higher than the odds of players who risked bottom-swinging in fluctuations.
However, from another perspective, MakerDAO's auction is to use the DAI obtained from the auction to pay off debts. However, due to network congestion, this situation has caused several free gifts, and MakerDAO's debt repayment is even worse.
Pick up goods by luck
If it is said that MakerDAO launches the auction, it is a helpless action of the team under extreme conditions. Bidders still need a bit of technical barriers to participate, but there is nothing to worry about, and there is almost no difficulty and cost.
On the evening of March 12, investors discovered that the LINK / USDT trading pair of the Binance trading platform experienced a short-term flash collapse and once fell to the bottom 0.0001 USD. What's going on?
Twitter netizens then asked Zhao Changpeng about the matter, and the latter's response was a shock. It turned out that someone had already launched the LINK trading pair as early as Binance, that is, on January 16 last year, a low was hung within 8 seconds after the real-time trading was opened. Price list, but it has not been closed because no fool will sell it at this price.
Unexpectedly, more than a year later, this pending order was sold "strangely". "At that time we had no price range restrictions. We will not cancel user orders." Zhao Changpeng said that the platform will not deny this order because the operation is completely reasonable.
It will not be rolled back for various reasons. In other words, even if LINK has experienced a large decline recently, at the current price of 2.3 US dollars, the profit of this transaction will exceed 2 million US dollars. US dollars, then he instantly won nearly 5 million US dollars.
The cost of 100 dollars, the income of 2.4 million dollars, a real profit.
In fact, similar examples of this kind of luck are not rare in the crypto industry. Except for Binance and the previous examples, BitMex and OKEx have also experienced similar situations, and more than once.
For example, on December 6, 2017, Binance's XRP / BTC trading pair experienced a breakdown of the list. In a very short period of time, the XRP price was oversold to 0.0000002 BTC, which is basically negligible. On January 29, 2018, the price of the ADA contract on BitMEX also fell to 0.00000005 US dollars, which was also nearly 0; another trading platform, OKEx, also saw a large amount of 0.002 USD on January 14, 2018. Case, according to the official statement at that time, "a certain trader" quickly sold a large amount of ETH through market orders within 12 minutes. Interestingly, at the time, some people analyzed that "a certain trader" was actually an official market-making robot, and "a large amount" of 100 million Ethereum was eventually sold for 20 dollars.
However, for ordinary people, if you want to encounter this kind of opportunity for leak detection, unless you are bored and place an order in advance, such a price is fleeting, and you ca n’t seize the opportunity simply by hand speed. In fact, at present, many trading platforms have actually adopted corresponding price amplitude filters, which specify the maximum / minimum price range of pending order prices. Oolong trading is very rare. Even if luck hits and catches up, it is very likely that the platform will intervene and the transaction will be rolled back. This situation has not happened before.
Only this time, the trader who had placed an order on Binance for more than a year, even if he successfully leaked and successfully withdrew the coin, it can only be said that he hit the Grand Canal.
Safe moving of bricks
Buying a certain kind of token on a crypto trading platform, and then selling the token to another trading platform, earning the price difference is a moving brick in the crypto circle. Moving bricks has been an arbitrage behavior since the birth of the transaction. It belongs to a very old business. Arthur, the founder of BitMex, who now operates a trading platform, and Xu Mingxing of OKEx, were once members of the army of moving bricks. . This kind of brick moving was the most prosperous at the end of 2017. At that time, trading platforms such as Bithumb in South Korea also called the "Kimchi premium" due to the price difference between other platforms. Moving bricks is a kind of risk-free arbitrage. Players use energy to gain profits, although the single profit is not much. However, with the maturity of trading robots and quantitative trading teams, the spread of tokens between multiple regions or platforms is often wiped out in a matter of seconds. Therefore, the profit margin of manually moving bricks is now very small.
Of course, it is not to say that there is no opportunity. Such an opportunity to make money is indeed hidden under the volatile market.
"Buy at a low price and sell at a high price, this is simply the most secure way to make money in a plunging market!" Investors are excited about cryptography. Starting at 6:30 pm on March 12, cryptocurrencies have experienced sharp fluctuations, while Binance and Huobi When the bitcoin spread between the three trading platforms and OKEx was the largest, it even reached more than 700 US dollars. The discerning player quickly discovered the opportunity, "For half an hour, I made more than 10,000 with a principal of 20,000 yuan. Such an opportunity is usually not available."
Buy and sell orders executed by the above investors at almost the same time, with a spread of nearly $ 450
When it comes to moving bricks, time is money. It is definitely too late to shuttle between multiple trading platforms. Many investors have now transferred the "battlefield" to the platform that focuses on aggregated trading. "The aggregated trading platform integrates the depth of multiple platforms. As long as there is a price difference between supported platforms, users only use One account can be bought and sold on multiple platforms, and it can be operated in a few seconds. "Wu Ling, who seized the opportunity from the extreme market in these two days, made nearly 50,000 by moving bricks in just a few hours. Yuan, the principal is no more than tens of thousands of yuan.
It is understood that there are already multiple platforms targeting the aggregate trading business on the market, and the opportunity to move bricks does not often appear, unless similar to the extreme market appearing in the past few days, or some unique tokens, there may be soaring and plunging. Opportunities, as a whole, are not met a few times a year, and they are fleeting.
However, whether it is MakerDAO auctions, ultra-low-priced pending order transactions, or arbitrage moving bricks under the new situation, these opportunities to make money are actually small probability and cannot be used as conventional investment methods.
These seemingly easy profits are in the end a few people. Many people are trapped in extreme quotes in stuns. Most investors have no assets left on the trading platform overnight.
Maybe this also makes many investors lose confidence in the industry, but in fact, in the face of such a market, after finishing our mood, we are more learning from changes.
Learn the reasons for this disaster, learn the logic of the main control panel, learn what signals were ignored before the disaster, and prepare for the next time. At the same time, we can also see the development of the industry. For example, when all centralized trading platforms are down, DEX can still be implemented despite various problems.
I hope that everyone still has confidence in the blockchain and cryptocurrency industries. Finally, I would like to remind everyone that the recent market changes are unpredictable. Please pay attention to risks and exercise caution.
submitted by FmzQuant to u/FmzQuant [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
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NEXT DAY UPCOMING EVENTS

 
Exchanges
Switcheo (SWH) - Listing on Gate.io March 29, 2018
UCOT (UCT) - Listing on BitZ March 30, 2018
QLINK(QLC) Coinnest Listing March 30, 2018
 
Conferences
Cryptocurrencies (CRYPTO) Sydney Bitcoin Conference March 29, 2018
Bitcoin(BTC) Bitcoin (BTC) - Blockchain & Bitcoin Conference Kyiv March 29, 2018
Wings(WINGS) Blockchain & Bitcoin CON March 29, 2018
Wings(WINGS) Blockchain & Bitcoin Conference Kyiv March 29, 2018
 
General
Bitcoin(BTC) CME: March Last Trade March 29, 2018
OmiseGO(OMG) Omisego (OMG) - Ethereum Community Fund March 29, 2018
Golem(GNT) Ethereum Community Fund March 29, 2018
Edgeless(EDG) Edgeless Platform Launch March 29, 2018
Edgeless(EDG) Launch Edgeless 1.0 March 29, 2018
Bread(BRD) Community AMA March 29, 2018
LIFE(LIFE) Life (LIFE) - Q&A Session March 29, 2018
Databits(DTB) Token Holder Alpha March 29, 2018
Databits(DTB) Alpha Testing Opens March 29, 2018
Russian Miner Coin(RMC) Stolypin Forum March 29, 2018
Bela(BELA) Swap March 29, 2018
Nebulas(NAS) Mainnet Launch March 29, 2018
QLINK(QLC) QLINK Trading Competition on Binance March 29, 2018
HEROcoin(PLAY) Prague Gaming Summit 2018 March 29, 2018
Selfkey(KEY) Community AMA March 29, 2018
Blockport(BPT) Blockport Beta Launch March 29, 2018
Alphacat(ACAT) Hotbit Alphacat Competition March 29, 2018
Credits(CS) Pre-Beta Version of The Platform March 29, 2018
Credits(CS) Platform Pre-Beta Release March 29, 2018
Insights Network(INSTAR) Partnership Announcement March 29, 2018
Banca(BANCA) Banca AMA March 29, 2018
Tether(USDT) Delisting from BitZ March 30, 2018
Ark(ARK) HackPrinceton Spring-2018 March 30, 2018
PIVX(PIVX) zPIV Will Be Deactivated March 30, 2018
Substratum(SUB) Product Update March 30, 2018
Aion(AION) Meet-up in Beijing March 30, 2018
ETHLend(LEND) Collateral Token Competition End March 30, 2018
CyberMiles(CMT) Live Broadcast March 30, 2018
ClearPoll(POLL) Forbes Article March 30, 2018
SportyFi(SPF) SportyCo (SPF) Platform Launch March 30, 2018
Eroscoin(ERO) New Website Design March 30, 2018
QLINK(QLC) Qlink (QLC) - QLC/KRW Pair on Coinnest March 30, 2018
QLINK(QLC) New Pair QLC/KRW on Connest March 30, 2018
Everus(EVR) BaaS Platform March 30, 2018
Zeepin(ZPT) Zeepin Community AMA March 30, 2018
Bitcoin White(BTW) Consensus Update March 30, 2018
Insights Network(INSTAR) Community AMA March 30, 2018
Ontology(ONT) Source Code on Github March 30, 2018
Flash(FLASH) Flash Community AMA in Discord March 30, 2018 4:00 AM - 11:59 PM
Bitcoin(BTC) CryptoConscious 2018 March 30, 2018 1:00 PM - April 2, 2018 11:59 PM
 
Meetups
Ethereum(ETH) ETH CommunityFund Meeting March 29, 2018
ICON(ICX) Tokyo Meetup March 29, 2018
Aion(AION) Shanghai Meetup March 29, 2018
Iconomi(ICN) Managers Meetup in London March 29, 2018
ALIS(ALIS) ALIS (ALIS) ALIS San Francisco Meetup March 29, 2018
ALIS(ALIS) ALIS San Francisco Meetup, USA March 29, 2018
ALIS(ALIS) ALIS Silicon Valley Meetup, USA March 30, 2018 1:00 AM - 3:30 AM
 
Software/Platforms
SolarCoin(SLR) SPV Wallet March 29, 2018
indaHash(IDH) Coin Integration App March 29, 2018
Insights Network(INSTAR) Wallet V1 March 29, 2018
Insights Network(INSTAR) INSTAR Wallet Release March 29, 2018
Insights Network(INSTAR) INSTAR Wallet V1 Release March 29, 2018
Insights Network(INSTAR) Wallet/Website/Partners March 29, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
ZenCash(ZEN) ZENCASH ($ZEN) MOBILE WALLET March 30, 2018
Neumark(NEU) Wallet Removing from Bittrex March 30, 2018
Sprouts(SPRTS) Wallet Removing from Bittrex March 30, 2018
Neutron(NTRN) Wallet Removing from Bittrex March 30, 2018
Unobtanium(UNO) Wallet Removing from Bittrex March 30, 2018
Xaurum(XAUR) Wallet Removing from Bittrex March 30, 2018
UFO Coin(UFO) Wallet Removing from Bittrex March 30, 2018
AudioCoin(ADC) Wallet Removing from Bittrex March 30, 2018
MazaCoin(MZC) Wallet Removing from Bittrex March 30, 2018
Darcrus(DAR) Wallet Removing from Bittrex March 30, 2018
Megacoin(MEC) Wallet Removing from Bittrex March 30, 2018
Bata(BTA) Wallet Removing from Bittrex March 30, 2018
FuelCoin(FC2) Wallet Removing from Bittrex March 30, 2018
TeslaCoin(TES) Wallet Removing from Bittrex March 30, 2018
Digitalcoin(DGC) Wallet Removing from Bittrex March 30, 2018
UltraCoin(UTC) Wallet Removing from Bittrex March 30, 2018
MaxCoin(MAX) Wallet Removing from Bittrex March 30, 2018
CannaCoin(CCN) Wallet Removing from Bittrex March 30, 2018
Titcoin(TIT) Wallet Removing from Bittrex March 30, 2018
Truckcoin(TRK) Wallet Removing from Bittrex March 30, 2018
Orbitcoin(ORB) Wallet Removing from Bittrex March 30, 2018
SoonCoin(SOON) Wallet Removing from Bittrex March 30, 2018
AmsterdamCoin(AMS) Wallet Removing from Bittrex March 30, 2018
8Bit(8BIT) Wallet Removing from Bittrex March 30, 2018
PayCoin(XPY) Wallet Removing from Bittrex March 30, 2018
Blakecoin(BLC) Wallet Removing from Bittrex March 30, 2018
Sterlingcoin(SLG) Wallet Removing from Bittrex March 30, 2018
[GlobalBoos
 
There are more events but this message got too long
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