Is this market abuse? Or just genius?

[ew-and-patterns]

You will not believe this but it is real. I watched this guy for a day now and he made 6,000 $ in the time that i am watching him. JUST BY BUYING AN SELLING TONS OF STEEM AN SBD

This only 18 hours later !
@teamsmooth-mm
mm probably stands for money-management. Just look at his wallet. He basically owns the whole internal market. Whenever somebody sends a buy or sell order, he just puts a lower one in the market with 125 SBD or 125 STEEM so his order is always the lowest in the market. it must be a bot or at least 3 people because he does it 24/7.

I did not flag him yet but i wanted to hear more opinions on this. Does this behaviour violate the TOS?
I tried to counter him with even lower prices. No chance.... after 1 minute his order was lower than mine and mine did not get filled.

I hope some of the whales or developers take a good look at this guy and give a statement whether excessive market usage is intended and legal, because if he continues this he wil grow exponentially.


Pls share this so he does not fly under the radar any longer....

Comments

[diggerdugg]

someone somewhere is making money. just gotta find out where

[goodwork]

It is just luck.

[jasonb]

So you are complaining that someone was able to make a trading bot that makes money? Isn't that what everyone is here to do? Sounds like you're just jealous.

[romchuks]

Does this affect steemit platform?

[ew-and-patterns]

yes it affects only the internal market

[jwolf]

Luck or knowledges

[ew-and-patterns]

He does it all the time. But i am not sure if it is legal in the way he does it. Because he basically owns the entire internal market. If you buy steem there, there is a 99% chance that you will buy from this dude. Try it at
https://steemit.com/market

[bitshares101]

whatever you do don't flag him the infamous smooth related bot it will not end well. some of the antics were brought up by xeroc some time back.

[ew-and-patterns]

thanks for the warning. Very much appreciated.

[internetguy]

I'v done it twice. bought Steem 1.25 sold at 1.50 for a 20% gain in 10 hours. I bought again recently when Steem dropped to 1.0 and sold for 1.11 made 11% quick. I see the 125 orders but have never been a problem.