Every two weeks or so I like to compare the current Power down statistics and see how we stand.
Here they are:
11th December 2018
| STEEM | Amount |
|---|---|
| STEEMPOWER | 203,3 Million |
| LIQUID STEEM | 84 Million |
| SBD | 12,75 Million |
Today (29th December 2018)
| STEEM | Amount |
|---|---|
| STEEMPOWER | 205,3 Million |
| LIQUID STEEM | 85.6 Million |
| SBD | 11,89 Million |
Positive things: STEEMPOWER is still going up. By 2 million vested STEEM since the 11th.
And the amount of outstanding SBD is slowly coming down. Almost by a million in the last 2 weeks.
The downside is we are creating a lot of extra STEEM because of conversions (SBD to STEEM). The total supply has grown by 3.6 million. We are outpacing the set inflation for this year by a lot.
I also had quick look at the amounts of the 34 whales (500k+ SP) powering down and I could only find two and only one of them is powering down at full force.
That's not bad actually. Considering the amount of money invested in this platform.
Even though this stat is not for everyone I always consider it a positive sign.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect
We are the creators of Steemify a notification app for your Steemit account for iOS.
Get it Here:
It is good news but I think there is whale powering down because of steem prices. If prices increase, they may power down.
@exyle,
Thanks for this highlight! A lot of STEEM printed during last couple of months! Yeah it might be an issue!
Cheers~
Congratulations on cracking the top 100, mate.
@themarkymark just posted about the new version of steemwhales so I'm having a poke around.
I've almost cracked into the top 200; and I'm the biggest 'Matt' on the platform. It's something :)
Great to see most people here still are confident enough to power up and let their steem be invested!
I just power up and give accounts away (to real people) so yeah im doing good to the steem blockchain i think. And i think also whales are in it for the long run so they see this as a investment and when a whale got in with 4 dollar he aint gonna check out at .25 cents 😂 they check out at 4 dollar and up. So you gonna see more power downs when the price is there i think. Or steemmonsters and other great projects are keeping them here.
Posted using Partiko Android
Okay yeah I am HODLing 😂
Posted using Partiko Android
Some good news but that increase of inflation is worry some.
Posted using Partiko iOS
It's definitely a good sign. It shows people have the confidence to keep their money tied up in SP.
Keeping the liquid Steem and SBD low gives Steem a good chance to rise when the market becomes a bit more bullish.
Posted using Partiko Android
People think convert SBD to Steem internally they will make more money in the end. The sad reality they print more Steem and we need to disable this feature.
Posted using Partiko Android
Amazing!
Posted using Partiko Android
Hi, @exyle!
You just got a 20.43% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
Good long term, but tbh I'm not worried much for the long term as much as I am the short term.
Posted using Partiko Android
I had been powering up 100% but the account value just falls like a glacier in Sahara :/ @exyle
I am so glad you're still around and I'm happy to be back after a six-month hiatus. Please keep us updated on the usual comings and goings here at Steemit as I know you will! Thank you so much for the work you've been putting in over the last couple of years.
When I am down on steemit coz its price, I go here to read your posts. I get back my spirit and keep positive thinking.
thanks sir
There should soon be a tipping point where the amount staked will lead to less selling pressure on the liquid Steem available but given the amount of Steem still on exchanges, there will seem to be a glass ceiling behavior in the coming months. I don’t mind as it provides a good path to continue accumulating and reducing average cost.
Posted using Partiko iOS
Good to see these stat's thanks for sharing them definitely steem power is something to hold on to :D
I wonder how many Orca's are powering up to counter the single whale. I know some who personally are, but it will take a lot more research to answer this question.
creating a lot of extra STEEM is maybe not that big of a problem if it goes to SP, if it goes to market than it could be.
This post has been included in today's SOS Daily News - a digest of all you need to know about the State of Steem.
Promoter of The SOS Forums : Weekly Discussion Forums on the State of Steem.
Editor of the weekly listing of steem radio shows, podcasts & social broadcasts.
Founder of the A Dollar A Day charitable giving project.
Thanks for sharing this and analyzing this as always. I think it is really helpful information to have. Just like how my mutual funds send out reports to tell us how our investments are doing. You provide similar information about STEEM!