Meet the man who’s invented a red button to sell all of his cryptocurrency in an emergency

Press a big red button, sell all your crypto…!

As much as one of the key mantras of cryptocurrency is to not panic, and to HODL, some people nonetheless look to offload their cryptocurrency in the event of a price collapse.

Ilker Dagli is one person who believes in being fully prepared for such an eventuality. He’s posted on his YouTube channel a video of his latest invention. Put simply, it’s a sizeable red button. He calls it the emergency stop loss button, and when he presses it? All of his open cryptocurrency orders are cancelled, and all of his crypto is quickly sold.

He says that the button he’s invented will support many major exchanges, with the demonstration video he’s posted showing him quickly selling his crypto positions via Binance.

Don’t take our word for it, though. Here’s the emergency stop loss button in action…

Dagli works at Near East University in Cyprus, and it’s not his first invention of this ilk. Previously, he addressed the issue of the need to suddenly throttle internet access in case of a suddenly need to restrict access to the world wide web.

He didn’t simply opt for a simple script, though. Nope: he decided to use a genuine physical valve that you could adjust, to control your internet bandwidth. Again, you can see it at work here…

What Dagli does for his next trick remains to be seen. In the meantime, we suspect some cryptocurrency investors may have more than a passing interest in his big red button…