Your opinion is that if you leave it to the market freely, everything will be resolved.
My opinion is that if things don't seem to be resolving to what a standard economic analysis would tell us then there must be some other factor in play. It seems like there was something weird going on with the Upbit exchange. I am skeptical that "not enough trading bots" on the internal market was, is, or will be a problem. How far out of sync have SBD prices historically been with non-Upbit exchanges?
We processed more than 250K SBD transactions
You seem very focused on things like quantity of transactions. How much profit did you make off of your transactions?
Users who trade during this gap will suffer losses.
Wait. Who are you saying is suffering losses in this situation... Buyers? Sellers? Both? People with access to exchange markets? People without access to exchange markets? Both?
It's too hard for me to tell you all the cases.
Most of the trading volume of SBD so far has been on Upbit. And Upbit was only available to Koreans. The problem here is that users who can trade on Upbit traded at 1SBD=$5, but users who can't use Upbit traded at 1SBD=$4.5.
I provided liquidity to the STEEM internal market at around 1SBD=$4.9x$ through MM, so that users who don't use Upbit can trade at close to 1SBD=$5.
Then, users who can't trade at 1SBD=$5 have to sell at about $0.5 cheaper than the market price, which means that they incur relative losses.
If there's a lack of liquidity, it's difficult for many users to trade. This is the key point.
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I want to make sure we are on the same page about how your previous system has been working: you were buying SBDs on the internal market, depositing them to Upbit, selling the SBDs on Upbit, buying Steem on Upbit with the proceeds of your sales, withdrawing the Steem from Upbit back to your account here, and then using that Steem to buy SBDs on the internal market (repeat from beginning). Correct?
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