Well, I've found the Silver Lining for STEEM and STEEMIT again in these markets bleeding out RED! | The numbers speak the truth. We're actually doing GREAT. I've broken this down with the charts/numbers as always. | STEEM is up ~4.5%!

in #cryptocurrency7 years ago (edited)

Here are the numbers for you. STEEM is doing actually really well, when you consider 99% of the market is running at a LOSS in the RED and that about ~95% of the market is actually in DOUBLE DIGIT LOSSES now over the last 3-4 days!!


Look, if you SORT by biggest gains (also meaning least losses).....

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We are actually sitting 6th overall out of 866 currencies / last 24 hours period.


Keep reading!

The markets have been bleeding RED for a lot of the last few days! STEEM is down but I think because the currency is backed by US -- the people and community /content, which are the product or backing so to speak, we are doing OK!



Today's Crypto Currency Market Overview stats via CMC.com (CoinMarketCap.com)

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866 Currencies / 243 Assets / 5486 Markets

Market Cap: $137,063,057,428 / 24h Vol: $5,278,978,141 /

BTC Dominance: 47.1%


FACTS & NUMBERS TLDR:


Look, we have lost about $~24B in total Crypto Market Cap the last ~7 days, we know this.

We were back up to around $161B and now we are at around $137B.

STEEM currency is doing better than the market average in a bad time!

Super news!


I blogged 7 days ago, on the Market Cap recovery right here when it was back to the $161B range:

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd161b-market-cap-or-usd21b-of-gains-in-2-days-or-9-6-2017-or


All the numbers are right here in the CoinMarketCap charts commonly referred to daily in the Crypto Sphere: Sorted by Market Cap. rate and showing the Top ~30 coins:

Look at STEEM hanging in here at the #22 position and UP about 4.5% in the last 24 h. period after all this bloodshed while most of the market is in the RED!

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On a day like today, would you not take remaining in the ~Top 20- 22 coins sorted by Market Cap, in a bloodbath????

That is good news!!!! On both counts!!!! Look:

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1 month chart is the best breakdown of this, given the recent "highs" not long ago to today's 'low" -- See a trend??

The GOOD news here, which is the 3rd piece of good news is that the trend shows STEEM trending basically sideways here give or take.....

Right?????


Guess what other coin has been trading sideways the last while too, and has about the same amount of losses as STEEM today and recently?

Yep, Bitcoin. Not too shabby, look at the 2 charts that look nearly the same! (:


Factor in the total % of gains/loss for these 30 day-charts.... We are good!!!!

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Thanks for reading, have a nice day.


My Philosophy In Daily Life & Travels:

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I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.



My path to Crypto is with you guys and we are on the path to Liberty.


We are all early adopters here, if you are even close to reading this today.

Be encouraged.



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https://steemit.com/cryptocurrency/@barrydutton/what-are-you-trading-today-and-why-or-e-49-or-a-community-based-engagement-resource-for-everyone-sept-11th-2017-basic-crypto


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Sort:  

Keeping optimistic during this correction...I like it. Steem is looking pretty steady and so is Ark and Lisk. When the market picks up again, look for those 3 to start moving. Good luck.

You never even read this post, it took you less than 2 mins to reply when it was posted 4 mins ago.

BarryDutton Barry Dutton tweeted @ 14 Sep 2017 - 02:36 UTC

#CryptoCurrency Bloodbath? The $STEEM #Currency is doing fine. See the Proof here: @steemit #Crypto #Blockchain

steemit.com/cryptocurrency… / https://t.co/AaUxSfUj82

Disclaimer: I am just a bot trying to be helpful.

Thank you I think it's useful

What part did you find "useful" ??

I think all alt coins depend on how BTC is doing, the difference in price changes in these alt coins to me, depends on how frightened the owners of the coins are, in Steem's case a good part is not readily available (you have to power down) so you don't see changes as significant as can be seen in other coins.

There are a lot of factors to this, that is some good stuff you point out again, some of the aspects of this currency really seem to insulate or hedge against some of the problems other coins have..... everything compared to GrandDaddy Bitcoin is always interesting too.

The deflationary aspects here and others..... are something nice indeed.

I love hearing from you man!!!!!

Thanks Gregger.

Every time steem takes a big dip i buy a little more. Steem on.......

Steem is one of the strongest coins out there, i actually buy more steem in this dips, as i am 100% sure it will raise... Holding steem makes me feel safe...

Thanks for this uplifting post!

No problem.

Noticed today your votes are not on my posts.

Steem is still performing today in the bloodbath better than most crypto's.

@barrydutton, first let me say that I find your challenging of nonsensical commenters hysterical and awesome! Upvote just for that alone my friend...

I am encouraged by Steem's resilience in the face of market turmoil. It's a testament to strong demand and confidence in the currency. Both positive signs in a rocky market.

I do think we see consolidation here for a while: a great time to trade the currencies, but not for any substantial adding or selling of shares. Long term, I remain bullish on Steem, though.

Really enjoy the enthusiasm and energy in your posts, my friend!

LOL...

Thanks for the kind words today, it is appreciated.

nice post upvoted your vote is important for me @deshwal

Flagged for continued spam after tons of warnings and not one reply to me, nor likely any of us trying to help you. You don't care about content or this platform.

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