I think the idea of a flash crash to a few dollars is an ancient pipedream. This isn't 2013 anymore when such low liquidity meant that the price could crash from $250 down to $1 before climbing back upto $120 in the same day for 120x return, like it did on Bitfinex and other exchanges. It's like when people say the price could
still flash crash to 0 again in 2013, with the order books completely liquidated, before being bought back up to $70, again in the same day. Imagine a buy order at 1 cent, that would be 7,000x profits in a day! The truth is no single person or institution has the capital to cause these flash crashes, let alone the stupidity.
There's enough of us who would love to see these flash crashes for incredible gains within hours, that's why we have buy orders so low, but not at $1 or $10, more like around $100 or $1,000 as it's a lot more realistic considering the increased liquidity in the market since 2013 as well as the use of HFT's (High Frequency Trading Bots) that will catch these oversold conditions like they did in December 2017 when prices flash crashed but recovered quickly. Like many investors, I'd love to see prices crash to dollars in order to make 100x in a day, but as I said it's a pipedream and not reality anymore, at least not in USD or any other popular fiat trading pair.
Not to mention that the only people who get rekt in these situations are those who are swing trading with stop losses, so no harm done really
