Exchange Transfer Report: 3/4/2018 to 3/10/2018
USD values are calculated per day via API feeds from Cryptocompare (for STEEM and SBD values in BTC) and Coindesk (for USD value of BTC). For the top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily closing price which came out to:
- STEEM: $2.88952
- SBD: $2.95956
Previous Report:
- STEEM: $3.38924
- SBD: $3.66543
Assumptions
Please see the first report for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.
Linked Accounts
hitbtc includes hitbtc-exchange and hitbtc-payout, freewallet.org includes freewallet, openledger includes openledger-dex, binance includes binance-hot and deepcrypto8, upbit includes upbit-exchange and myupbit, and gopax includes gopax and gopax-deposit.
Previous Reports
82, 81, 80, 79, 78, 77, 76, 75, 74, 73, 72, 71, 70, 69, 68, 67, 66, 65, 64, 63, 62, 61, 60, 59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47, 46, 45, 44, 43, 42, 41, 40, 39, 38, 37, 36, 35, 34, 33, 32, 31, 30, 29, 28, 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1
Top 50 Accounts Transferring to and from Exchanges: 3/4/2018 to 3/10/2018
First included transfer: 2018-03-04T00:00:00+00:00
Last included transfer: 2018-03-10T23:58:27+00:00
----------------------------- Exchanges ------------------------------
@binance STEEM transfer total: 826,046.832
@binance SBD transfer total: 83.519
@upbit STEEM transfer total: 259,422.863
@upbit SBD transfer total: 52,283.964
@rudex STEEM transfer total: 665.946
@rudex SBD transfer total: -237.099
@poloniex STEEM transfer total: 54.809
@poloniex SBD transfer total: 0.000
@hitbtc STEEM transfer total: 0.000
@hitbtc SBD transfer total: 0.000
@coinpayments.net STEEM transfer total: -1,004.183
@coinpayments.net SBD transfer total: -305.687
@steemexchanger STEEM transfer total: -229.523
@steemexchanger SBD transfer total: -1,351.455
@changelly STEEM transfer total: -7,051.472
@changelly SBD transfer total: 0.000
@gopax STEEM transfer total: -17,898.975
@gopax SBD transfer total: 381.786
@blocktrades STEEM transfer total: 29,711.515
@blocktrades SBD transfer total: -58,728.929
@openledger STEEM transfer total: -44,713.705
@openledger SBD transfer total: 1,744.498
@freewallet.org STEEM transfer total: -76,515.972
@freewallet.org SBD transfer total: 0.000
@bittrex STEEM transfer total: -1,018,427.228
@bittrex SBD transfer total: 261,191.795
------------------------- Total Transferred --------------------------
Total STEEM transferred: 49,939.093
Total SBD transferred: -255,062.392
Total USD transferred: ($ 610,571.86)
-------------------- Withdrawal to Deposit Ratio ---------------------
Accounts withdrawing: 5204
Average withdrawal amount: ($ 524.62)
Median withdrawal amount: ($ 21.77)
Accounts depositing: 1899
Average deposit amount: $ 407.30
Median deposit amount: $ 60.46
Ratio of withdrawals to deposits: 2.74/1
TOP 50 WITHDRAWALS THIS WEEK
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | alpha: | ($ 580,084.64) |
| 2 | minority-report: | ($ 173,371.35) |
| 3 | enki: | ($ 145,176.48) |
| 4 | pharesim: | ($ 97,954.81) |
| 5 | ngc: | ($ 75,321.39) |
| 6 | sesangsokuro: | ($ 68,890.49) |
| 7 | smooth-a: | ($ 57,790.45) |
| 8 | utopian.com: | ($ 43,342.84) |
| 9 | imacryptorick: | ($ 37,969.30) |
| 10 | sonamoo: | ($ 36,670.47) |
| 11 | appreciator: | ($ 30,225.78) |
| 12 | ioc: | ($ 24,955.39) |
| 13 | solisrex: | ($ 23,159.03) |
| 14 | leesunmoo: | ($ 22,514.37) |
| 15 | feruz: | ($ 21,336.40) |
| 16 | darksaint: | ($ 20,515.61) |
| 17 | onehand: | ($ 19,167.25) |
| 18 | cryptoctopus: | ($ 17,344.61) |
| 19 | kwak: | ($ 16,241.73) |
| 20 | triplej: | ($ 15,673.64) |
| 21 | rodung: | ($ 14,090.96) |
| 22 | dlqudogd: | ($ 13,486.70) |
| 23 | corn113: | ($ 13,224.81) |
| 24 | peaceandlove: | ($ 13,115.66) |
| 25 | skt: | ($ 12,841.56) |
| 26 | qkrnxlddl: | ($ 12,802.36) |
| 27 | transisto: | ($ 12,784.83) |
| 28 | bayrene: | ($ 12,682.95) |
| 29 | ssg: | ($ 11,609.77) |
| 30 | perspective: | ($ 11,563.87) |
| 31 | booster: | ($ 10,866.77) |
| 32 | kakaotalk: | ($ 10,630.56) |
| 33 | whwaniw: | ($ 10,448.51) |
| 34 | sorucevap: | ($ 9,983.30) |
| 35 | sander-lacerda: | ($ 9,952.95) |
| 36 | tard: | ($ 9,441.27) |
| 37 | bitcoincompany: | ($ 9,397.92) |
| 38 | swissclive: | ($ 9,090.10) |
| 39 | krexchange: | ($ 8,919.83) |
| 40 | michelle.gent: | ($ 8,668.61) |
| 41 | chainsquad: | ($ 8,309.80) |
| 42 | kingscrown: | ($ 8,277.52) |
| 43 | bulung: | ($ 8,021.31) |
| 44 | prc: | ($ 7,932.49) |
| 45 | jaywon: | ($ 7,480.14) |
| 46 | craig-grant: | ($ 7,405.81) |
| 47 | davidding: | ($ 7,398.90) |
| 48 | carface: | ($ 7,381.24) |
| 49 | uplus: | ($ 7,269.78) |
| 50 | happychau123: | ($ 7,144.93) |
TOP 50 DEPOSITS THIS WEEK
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | notar: | $ 146,087.73 |
| 2 | powerbank: | $ 144,791.81 |
| 3 | hitwill: | $ 109,590.04 |
| 4 | fenghuang: | $ 92,922.86 |
| 5 | i-d: | $ 84,924.14 |
| 6 | blockways: | $ 82,929.30 |
| 7 | lucreces: | $ 65,455.04 |
| 8 | cryptokidd: | $ 55,966.75 |
| 9 | z8teyb289qav9z: | $ 41,898.08 |
| 10 | bytzz: | $ 35,135.43 |
| 11 | bluemist: | $ 30,631.22 |
| 12 | austinprinceton: | $ 30,302.83 |
| 13 | thetruth36: | $ 30,181.91 |
| 14 | korbit2: | $ 29,639.22 |
| 15 | rhodium: | $ 29,050.53 |
| 16 | dronefly: | $ 28,895.20 |
| 17 | remain: | $ 24,849.89 |
| 18 | pi1000: | $ 20,226.66 |
| 19 | lanhange: | $ 19,575.77 |
| 20 | fedesox: | $ 19,469.63 |
| 21 | x-pay: | $ 19,044.60 |
| 22 | chairmanlee: | $ 18,760.75 |
| 23 | steemrant: | $ 17,842.61 |
| 24 | docsweettooth: | $ 17,662.30 |
| 25 | qhuber: | $ 15,743.22 |
| 26 | jrvacation: | $ 14,589.27 |
| 27 | sirvotesalot: | $ 14,447.61 |
| 28 | goldmatters: | $ 13,661.98 |
| 29 | bigwave: | $ 13,044.75 |
| 30 | benleemusic: | $ 12,678.63 |
| 31 | thewave: | $ 11,908.85 |
| 32 | aquabox: | $ 11,670.29 |
| 33 | tosch: | $ 11,620.71 |
| 34 | inchonbitcoin: | $ 11,558.09 |
| 35 | r2cornell: | $ 11,558.09 |
| 36 | steemsociety: | $ 11,269.02 |
| 37 | azircon: | $ 10,575.52 |
| 38 | protegeaa: | $ 10,284.13 |
| 39 | gyotaejeon: | $ 10,113.21 |
| 40 | verodato: | $ 9,939.03 |
| 41 | fucktime: | $ 9,798.33 |
| 42 | sendit: | $ 9,439.68 |
| 43 | drorion: | $ 9,393.65 |
| 44 | dreamryder007: | $ 8,962.47 |
| 45 | mattje9601: | $ 8,936.60 |
| 46 | lephter: | $ 8,657.37 |
| 47 | chicagojimsmith: | $ 8,584.88 |
| 48 | mechuriya: | $ 8,214.64 |
| 49 | newiz: | $ 7,643.80 |
| 50 | kylemacmac: | $ 7,610.31 |
Withdrawal to Deposit Ratio by User Count over Time
click the image for an interactive graph
Commentary
We've got a little over $610k heading to exchanges still. I wonder what will happen when that number goes way positive and people flood to STEEM to power up their accounts and earn influence?
The top of the deposit list belongs to @notar and @powerbank which are brand new accounts created this month by @booster. I still get confused why so many people use vote bots and want to be renters instead of owners.
The increase in people powering down next week is 0.95% in the red compared to the previous week.
Thank you for your dedication to these reports. I love to read them...
I'm glad you enjoy them.
Now... about all that self-voting you do on all your comments...
Great job @lukestokes. With the numerous stats providers, i still find myself hooked to yours.
I was just wondering though if you could include the total of the deposits and the total of the withdrawals to the statistics.
Would be nice to know if there is a net increase in deposits or a net increase in withdrawals.
PS-If it won't be too much of a work
That's a good idea. I definitely should add that. Thank you!
I get what you're saying and largely agree with it. But at the same time, I get it...for a relatively small amount of money, you can push your post to the top and get a ton of followers. And if you're smart about it, you can break even or earn a small profit on your vote buys.
We have yet to buy a single vote, but we could probably garner as many followers in one trending post as we've managed to accumulate in our last 30 posts.
However, I do not get why people are paying so much to rent SP! Lenders of SP have been making more than 50%/year without taking into account compounded interest. Wouldn't you want to be the one lending and not renting?
I hate the concept of vote buying and don't like that it has become so prevalent on Steem, but I think it's an unfortunate fact of life that it's here to stay :/
~Jordan
What we incentivize determines what stays.
I think many people just don't have a solid long-term foundational understanding of economic incentives. It's far beyond what value someone can extract today. They need to think in terms of long-term value, reputation, relationships, and how that leads to rewards. More on that here. Buying a vote may get you followers who want to follow vote buyers. Instead, consistently leaving truly valuable and informative comments on the wall of an influencer/interesting person/potential friend could lead to a life-long relationship as they engage in dialogue and follow you back. That, to me, is far more rational even from a "what's in it for me?" perspective. It goes along with making the world a better place because it's where I want to live. Add value to others because the people you want to be connected to appreciate value.
I completely agree that leaving thoughtful, valuable comments is what's going to build relationships and grow your following on here. In fact, a while back I wrote a post on my other account saying almost exactly that.
I think a majority of the unsuccessful users on Steemit aren't thinking long term. Of the successful ones, on the other hand, I think a lot more of them have a long-term view of things.
I guess people have this misconception about bots and their return, since the payment is in steem or SBD and the vote is in dollar, people see a bigger number that their payment and think they got a huge return.
it took me one time use of a bot to realize, it's better if I power up the money I wanted to spend on the bot.
I've been trying to help people think like investors and not like sheep. Hopefully they'll come around eventually.
So many people ask me how to have success here but few do what I do.
That's pretty much it on repeat over and over again.
As the price of SBD is falling its a best time to invest in it, and I think it will give fruitful results in future, and May God listen my prayer and let me in the top 50 withdrawals. You always share valuable info, keep sharing such posts, thankyou
nice
Hello; are you on Discord I want to chat you up.
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Thanks for sharing cryptocurrency update providing news.
I appreciate your every post.
This is good information...
Please, stop spamming useless comments.
Now is the best time to go for it. The value of steem and SBD are very low and I think it's going to go up now again hopefully. It might prove beneficial to invest in the crypto business and by that I refer to steem. Anyways thank you for the regular reports and keep us updated. Cheers
see the price movement steem and SBD at this time I feel lethargic