Cryptonews Today

How to make a token go bull on Steem-engine

By Daniella Blog | Daniella cryptonews | 24 Feb 2020


 

What's Steem-engine?
Get answers here.
This platform is for trading many tokens like CommentCoin, dblog, etc.
The good thing about this platform is that the transaction fees are very low and at times, well negligible.
I've been trading on this platform for a while and I've seen that it's good or better than other platforms.
For the purpose of this post, I'll be sharing with you the ways which you can influence the price(s) of any token.
It's not a new news that most of the tokens sold there are shitcoins but more gains are made from tokens like that.
Let's get started.
Have you ever wondered why there is constant change in the price of BTC per second?
This is caused by traders who trade at that particular time.
This is well applicable on Steem-engine.
Just observe a token (especially those of higher quantities), take records of the buying and selling to about 2 days. That's enough to determine the average price of the token.
Read about the token and find the purpose of it.
It should be used for sometime greater or equal to trading fuel or gas. Gifts and promotion tokens are still okay.
Time to take action.
If the buy order is very below the price of selling, you are good to go.

Example 351665157-b905ead17a6178ecb04661ff8ba37d1c69971bca6896cebe8d8731c9df66b3a4.png


At this point, the token must be on its negative sign (mostly red coloured).
Sellers will not sell much since the buy order is too low from their expectations.
Your influence is to change the negative sign to positive.
It's simple, request for twise or 1/3 addition on the previous highest price of the highest buy order.
This will change the negative sign to positive immediately and will also attract sellers who would believe that the price have gone up.
Lol.
It's still below the lowest sell order but twise the previous buy order.
NB: Try to buy minimum of $10.
Hold the tokens for sometime buy still keep an eye because you have set the pace for others to buy and sell at an average price which will favour you.
You can set a sell order immediately your buy order is complete.
That's all for now.

 

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Daniella Blog
Daniella Blog

I'm a crypto analyst, blogger and logo designer. I assist in academic research (sciences only) and a freelancer.


Daniella cryptonews
Daniella cryptonews

A blog meant only for the latest crypto currency's market news. This blog is in collaboration with my steemit account @daniella619

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