I just encountered a ridiculous situation. When checking the market, the sell price of a certain coin suddenly showed it could be sold for $40, but I didn't pay much attention and when I checked again, it was gone. At first, I thought I was being phished😅



But then I thought about it, and it actually shows that the risk detection mechanism of a major exchange is indeed working. Once such abnormal fluctuations are caught by the system, they are quickly corrected, which is a form of protection for retail investors. Although it may seem a bit overwhelming, from another perspective, the platform's ability to intercept these extreme prices in a timely manner is quite friendly to new users.

Honestly, ordinary users may not realize the importance of these warning and correction measures taken by the exchange. But for avoiding misoperations and slippage risks, it’s definitely worth a thumbs up.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
LiquidatedThricevip
· 4h ago
Haha, I really have experienced this kind of situation too. It was gone in an instant, almost scared me to pee my pants. Really thanks to the exchange, or else beginners would be directly harvested. Wait, no, if it’s protected, why do I still need to be careful? Feels like the tricks are pretty deep. This mechanism is a good thing, but sometimes reacting too quickly can be annoying, and I miss the opportunity. Internet finance is like this—prevent fire, theft, and slip points.
View OriginalReply0
quietly_stakingvip
· 10h ago
Wow, this flash price is really amazing. Luckily, I wasn't too quick.
View OriginalReply0
MidnightTradervip
· 10h ago
Bro, your reaction speed is impressive. If I had reacted earlier, I could have made a fortune. I've seen many flash crash prices before, and exchanges tend to intercept them quickly. The key is to stay alert yourself and not risk every order. This mechanism, to put it nicely, protects retail investors; frankly, it also protects themselves. But honestly, it's much more reliable than some small exchanges.
View OriginalReply0
PositionPhobiavip
· 10h ago
The flash price is back again. Luckily, I reacted quickly and didn't get caught.
View OriginalReply0
SnapshotLaborervip
· 10h ago
Ha, I've also encountered such crazy prices before, I was startled thinking I had hit the jackpot Fortunately, the exchange responded quickly, or else beginners would really get scammed to death
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)