Third liquidity award in 3 days! Also strong upward price movement as I predicted might happen

in steem •  9 years ago 

b2c4c3bc
liquidity_reward
owner "taker"
payout 1,200.000 STEEM

I do admit it is quite exciting to get one of these, it sure wasnt easy to make a competitive bot that doesnt selftrade. I am happy with the 1 award per day and would be able to run the taker bot indefinitely as it is now self-funded via the awards it has gotten.

Of course in 3 days the liquidity awards will stop, but I will try to keep taker running even without any awards as long as it wont be losing capital

http://steemprices.com/market/ it looks like taker has almost all the sell side slots!

And apparently the market is thinking https://steemit.com/steem/@jl777/steem-price-forecast-usual-weekend-slowdown-and-then-the-quartering-of-supply-will-explained-in-post has some good points

James

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The liquidity awards are gonna stop in 3 days? When was that decided? Congrats on getting this up and running, impressive.

seems to have been decided recently, suspended with next hardfork

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  ·  9 years ago (edited)

Can you to get another one reward? You have 2 days 21 hours. We trust in you!

It will be close, last one took almost 2 days

taker somehow is already up to 2 mil points, usually the hourly winner has about 4 mil to 6 mil, so looks good to get one more award.
I was a bit worried about whether taker was losing money via the trading, but I couldnt find any way to tell what its results are, other than by cancelling all the open orders. That seemed silly, so I wrote a trade history analyzer

it has provided liquidity for a crazy number of trades:
12139 taker.(0.087000 STEEM) <-> magnebit.(0.297000 SBD) SBD -18302.760000 STEEM 6134.438000 | VOL SBD 426872.990000 STEEM 145573.410000-> -2.983608

over 12000 trades, trading 400K+ SBD and almost 150K STEEM. Its net change in position was to spend 18302 SBD for 6134 STEEM for an effective cost of about $2.98. Since the current market price for STEEM is $3.38, I think taker has made almost 2500 STEEM in trading profits!

The last bug I fixed was to defend against a pricing attack, which appeared to happen when the price was pushed down to $2.50. and then taker was supposed to sell a bunch at the lower price, but I prevented it. at first manually but now there is code to do it. So I think that is how it got such a low price for the STEEM.

It is nothing like the selftrading bots are doing, but overall 3 hourly awards, 1000 STEEM bounty from abit and 2500 in trading profits for 7000+ STEEM is certainly not bad for a three day mini-project. Almost as good as making a makeup video :)

However, if it was able to make 2500 STEEM, it can probably also lose 2000 as the price changes dont always go in your favor. So, the liquidity bonus was definitely a nice cushion. Too bad it has funded 100000 STEEM walls that I cant do anything about

good info as always @jl777

I follow you 8]

thanks for the info