Lets Stabilize Steem People.....
This is a project Co-Started by @cryptohustlin
What do we propose?
You simply upvote this post. 100% of the SBD this post raises will be sent to poloniex to stabilize the price off STEEM. We have a market making(a forex trading strategy) bot built out for STEEM on poloniex and by adding your donations in the form of upvotes to the bot, we could potentially stabilize steem quite a bit.
So what is market making?
Market making is when someone who places bids(wanting to buy) and asks(wanting to sell) on a product in an attempt to make profit. A by product of this activity is decreased volatility in the market(more stable prices).
http://www.investopedia.com/video/play/role-market-maker/
It doesn’t take a lot!
We're kicking this project off by 120$ worth of steem / bitcoin donated by @cryptohustlin, Since market making constantly is buying and selling, the amount of volume you can do with very minimal amounts of money, make this strategy for stabilizing steem great!
A picture of our code(which will be upgraded for sure)
Our bids and asks(we were a bit steem heavy at the time)
And Finally our volume as of the 3 hours its been running.
All it takes is some teem work to make the steem work.
I can get behind that! Can anyone else? :)
I can :)
good luck!
Steem team balance powers...
My design.
Awesome ! Resteemed as promised , please res teem for me my latest post ! Thanks ! https://steemit.com/food/@karenmckersie/did-someone-say-bbq-baaaaacon-cheese-burgers-mmmm