I think that's exactly the opposite.

If there's not (enough) liquidity, I'm not going to put my feet (enough) in. If I know that I have a market of desperate buyers to buy my SPI in a emergency case for a 5% loss (or less) I'll be more likely to step in.

People undercutting the 1STEEM sells for a 'quick' profit are discouraged after a certain point.

Just to name one: there's a 1% withdraw fee (0,25% in Leodex).

If required, let's just put a bit up the buyback wall. That would kill ~90% of the profit chasers.

Another option (much more destructive) could be to target the profit chasers... and downvote them with the @spinvest free downvotes. ''You take away our growth? We'll take away yours''. A bit radical, though... But hey. After all it's business.

if someone is selfish enough to care only about their own benefit, we as a club we can do the same. After all, if it's a 'free market', it's also a 'free blockchain'.