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Can You Prepare to Profit from Crypto Flash Crashes?

n the past, other assets have flash crashed, with among the most memorable being Ethereum flash crashing to ten cents on GDAX in 2017.

During the extreme move, traders were able to buy the altcoin at just pennies.
Certain failsafes are often put into place to prevent such issues, and oftentimes exchanges will refund users who were caught up in especially violent flash crashes.
The situation is a stark reminder to never risk more than you can afford to lose on any crypto trade, as the market can always take an unexpected and powerful turn.
The other advice to take from this situation is to keep a small amount of capital ready with ultra-low limit orders just in case a flash crash strikes and you get lucky. You could potentially find yourself making the XRP trade of a lifetime.