Who is keeping the Steem price up?
Is @teamsmooth-mm the only account keeping the Steem price (in SBD) up by setting a nice price?
This account has about 20000 SBD left to sell, which should last for a few more days of transactions.
Just curious.
Is @teamsmooth-mm the only account keeping the Steem price (in SBD) up by setting a nice price?
This account has about 20000 SBD left to sell, which should last for a few more days of transactions.
Just curious.
I hope stay like that or better, go more up ;) if is him, good for him
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.
teemsmooth have started running a pegging bot on internal market already a few month ago
https://steemit.com/witness-category/@smooth.witness/witness-sbd-pegging-policy-update-and-more
@smooth deserves more recognition if this truly the case.
@solarguy more than you ever know!
that guy is so misunderstood but he's actually so damn generous
I don't know where he's getting all the patience from all the bashing
but having worked with him - he's freaking generous! he's not just - that portrayed image of the flag no.
But that would mean the price dropping, at least that is what I would expect when throwing such amount on the market. Or do you mean this one is trying to push the price of Steem up all the time, to be able to cash in at a higher value? BTW, Bitcoin is going up in value last 24 hours quite a bit, now almost 1.100$ while it was close to 900$ a day or two ago.
Weekend effect only ;) (BTC price)
Is it? It is Tuesday, and the BTC prices are going up yesterday and today whilst it went down quite a bit at the end of last week, starting on Thursday.
It is normal the the price change on the weekends for me... it is kind of a behavior that I have seen since I am into BTC.
My comment 5 days ago... https://steemit.com/cryptocurrency/@meesterboom/re-juanmiguelsalas-the-crypt-coin-market-is-on-the-rise-today-20170316t084852602z
Monday, first banking day of the week. Probably a peak transaction finalization day for Coinbase people buying BTC from bank accounts. The buys clear, price goes up, people trade BTC for altcoins, price goes back down again tomorrow.
Ok, I'll follow. Just into crypto trading for 10 days, so was not closely looking at these dynamics yet. Thanks a million; Learning quick this way :)
The account is buying Steem with SBDs, and has been for a while.
Ah ok, but that means this individual may push Steem price down to get in as low as possible. I noticed a buy wall for some time at around 0.001881 yesterday; Seems to be gone now.