Egregoros

@sun imagine having $50million in crypto, more money than most people will see in their entire lives, and also not having the first clue about how crypto works.

this guy is saying it wasn't slippage

@sun Idiots and their money are always easily parted.

@phnt

@sun so it wasn't slippage, it was just that the user swapped $50 million worth of assets on his phone without checking what he'd get

@lain moron phone user

@sun @lain A market order without a set limit is a fire sale. If it's big enough it will clear the market and buy/sell at a far different price than the "market price" before the order went through. This is true in both the stock market and crypto. Anyone doing million dollar transactions should understand this.

@sun Maybe crypto needs more guardrails, but look up how many idiot corporate traders have entered the dollar value of a trade in the "# of stock" field. Literally happens every day.