[wintermuteblog]

I decided to sell at 350. I sat down on my computer, and put in my sell order at 352.Then it started to drop. Then suddenly, it crashed, 2 dollars a second. I watched it get down to 275, and then I just lost my nerve.

Basically, it was incredible, incredible bad luck. As I havent really "watched" the price, for about 2 years.

tl;dr; Bad luck can actually happen to you

[pjc50]

Hang on, that sounds like a serious limitation in the trading platform if you can issue a sell order at one price and have it fulfilled at a different one?

[meowface]

Every trade platform I've used provides two options: sell at current market price, or sell at a specific, unchanging price. So it sounds like he misunderstood the option he was selecting, or something.

[TheCoelacanth]

That's how every trading platform works. You can put in a limit order where you buy or sell at a certain price, but it's not guaranteed to go through because there has to be someone else willing to take that price. You can also put in a market order, which will always go through, but the price will be whatever is available on the market at the time.

[kgermino]

That reads like (s)he was sitting at the computer with the intention to sell at $350, and happened to be there to see it quickly drop to $275, got nervous and cashed out. The unlucky was that (s)he never would have thought to sell it except for seeing the price crash in real time.

[Avalaxy]

One advice: ALWAYS use a Limit order with bitcoins. Both limit buy orders and limit sell orders. That way you're guaranteerd to buy/sell for the specified price instead of the next best offer.