@Upvoted. I am still learning a lot of Steemit parameters so it is safe to say that I do not understand the significance of many things in this report. The ratio of withdrawals to deposits going up - does that indicate that people are powering down and taking money out of Steemit? I thought it is best if all Steemians stayed invested and empowered the platform by powering up when there is uncertainty in the market? I would be obliged if you provide your views for my guidance whenever you have time.
Update at my end - I am traveling and so have very spotty internet connections. Still - wanted to share my thoughts about one of my photos with Steemians so I have posted a blog 'War and Peace: Iron birds' with my original photo and musings. As always, I request you to visit the blog whenever you have a few minutes free. Your comments will help me complete my thought process on the topic. Thanks
Yes, if the ratio goes up it means more individual accounts are transferring money off the platform to exchanges. That doesn't necessarily mean more money or anything else. It's also possible that one person owns many accounts (which we know to be the case in some situations) so it could also be a false indicator if we think of it in terms of "people" instead of "accounts."
Thanks for the useful data and your work to put it together, friend!
Thank you!
Done 🙌🏼💪🏼💯
Thanks Stakin!
@Upvoted. I am still learning a lot of Steemit parameters so it is safe to say that I do not understand the significance of many things in this report. The ratio of withdrawals to deposits going up - does that indicate that people are powering down and taking money out of Steemit? I thought it is best if all Steemians stayed invested and empowered the platform by powering up when there is uncertainty in the market? I would be obliged if you provide your views for my guidance whenever you have time.
Update at my end - I am traveling and so have very spotty internet connections. Still - wanted to share my thoughts about one of my photos with Steemians so I have posted a blog 'War and Peace: Iron birds' with my original photo and musings. As always, I request you to visit the blog whenever you have a few minutes free. Your comments will help me complete my thought process on the topic. Thanks
Yes, if the ratio goes up it means more individual accounts are transferring money off the platform to exchanges. That doesn't necessarily mean more money or anything else. It's also possible that one person owns many accounts (which we know to be the case in some situations) so it could also be a false indicator if we think of it in terms of "people" instead of "accounts."