Steem Stabilization Project [2017-10-19]

[cmtzco]

100% of the SBD this post raises will be sent to Bittrex to stabilize the price of STEEM.
This is a project Co-Started by @cryptohustlin

What do we propose?

You simply upvote this post. We have a market making(a trading strategy) bot built out for STEEM on Bittrex 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/Yesterdays trade volume Update:

• 177.4101004 Steem
• 0.0185578 BTC
  It doesn’t take a lot!
  
  
  We have decided to share our code with everyone so anyone who wanted to play around with it or use it was able to.
  Keep in mind this bot does trade with and can loose REAL MONEY.
  We are not responsible for any bugs in the code, how you choose to use this software or anything that could arise form running this software.
  The current code will trade with your entire BTC and STEEM balances on poloniex and bittrex. This project was kicked 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!Our Code. https://github.com/cmtzco/steem_mm

Comments

[ultravioletmag]

haha well you got my 2 c! sorry it's not more

[stokjockey]

@cmtzco Thank You again for interacting with many STEEMIANS to make STEEMIT the Best Social Media Site on the Internet......................

[kaushal1]

Nice Content...

Upvoted and Followed

[leivisveliz]

I like Steem Stabilization Project. Go ahead...

[long888]

@cryptohustlin just want to thank you for your donation for this cause...

[tamimiqbal]

Good info!

[apricoet]

👍I just opened an new account on Bittrex . Bring it on !

[zahidsun]

doing best dear

[navala]

Thanks for your vote buddy ... gee didn't take you are a crypto guru !!!! Cheers

[odsam2]

thank you for your support during upvote....u are amazing upvoted

[breezin]

Thank you so much for this great initiative!

[jahidul322]

Nice post dear

[jahidul322]

Nice post dear

[cryptoambassador]

Great idea!

[azfarshaikh]

Thank you so much for vote

[jacoblayan]

thank you

[steemitglass]

nice bro

[vivek89]

nice post..upvoted and followed .. lets do this for each other daily.. thanks.

[majidalikhan1]

hello im new my voteing thanks sir

[thura]

good bor

[florian-glechner]

so hope it helps

[theprettysoul]

Thank you @cmtzco

[thura]

good

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[iwant]

nice post i up voted you.are you check my latest post on @iwant

[mrashid]

Followed and upvoted for Follow and upvote thanks

[ashikctg]

Tnxx to vote me

[aponvhuiya]

thanks fo upvoting my post

[yousafharoonkhan]

good sir , nice effort