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RE: Steem - $1.37 (-14.47%), SBD - $0.96. What are the reasons for the depreciation?

in #steemit8 years ago (edited)

I've been watching the market for several days now. I'm not sure about this, but there's a bot who actually make buy/sell orders and is making profit from this.
I can tell this because I stayed awake two days long and all day long that "investor" is making orders so it is without doubt a bot. The bot is investing 125 SBD per 125 SBD, buys at 1.538 for example, then sells at 1.546. Then another investor want to make an order to sell at 1.545 , so the bot wait a little, and adapt his price to 1.544 making the price to slowly fall down. I know this because I tried to invest some sbd to increase my wallet, but that bot is everytime on top orders so that's pretty annoying
Look at the orders now, the bot use 125 SBD orders, and the difference between his order and the next is pretty huge
What do yo think ?

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I also thought about an artificial lowering / raising of the price, but I saw no such pattern. Thank you for your message, I will try to analyze the situation with possible speculation