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RE: Who is keeping the Steem price up?
If I'm not mistaken, he's also the buying bot. So it's more than 20,000 SBD to sell, it's endless. You can watch how they work in tandem.
If I'm not mistaken, he's also the buying bot. So it's more than 20,000 SBD to sell, it's endless. You can watch how they work in tandem.
Thanks for the sleuthing. Not quite endless though, as others are buying SBD too, but much more endless than 20K would be 8-).
Since the bot is buying and selling at the same time, the 20k is just a snapshot really. As in, at this moment, that's what it has to work with. But it'll go up by 51, then down by 50. Then down again say, then up on 2 more 50$ chunks. I've seen the account run out of either SBD or STEEM a few times and the bot seems to stop, the price dives or jumps, then the account get refilled (to some degree) and the bot resumes.