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RE: Are you feeling angry today?
The price of STEEM is not controlled by supply and demand as they say.
That is what I always believed.
It is controlled by the same network of bots - very likely being operated by a machine-learning algorithm - as every other coin.
I gotta research on this one. Could you educate me more on this?
There's nowhere I can send you for more information on what I said, because as far as I am aware, I am the only source of this opinion. I watched the markets for many hours, not just the charts but the process of the buy and sell orders being populated, filled, and reaarranged. I wanted to see why the charts look the way they do, to ascertain what causes it go up and what causes it to go down.
I arrived at the conclusion that every market I was observing was controlled by a network of bots that I soon learned to exploit, but then very soon after learned that they had learned my exploitation. Pretty soon everyone started talking about machine learning and I realised that's very likely what's controlling the markets, and getting better at making profits every single day- though I do not believe profit to be the primary goal. But that's surely enough of my insane theories for one day. Lol