Powerdown Statistics #9 - April 10th - April 23rd
Every two weeks or so I like to compare the current power down statistics and see how we stand.
Here they are:
10 April 2019
| STEEM | Amount |
|---|---|
| STEEMPOWER | 198,2 million |
| LIQUID STEEM | 108,1 million |
| SBD | 9,2 million |
23 April 2019
| STEEM | Amount |
|---|---|
| STEEMPOWER | 197,5 million (-0,7) |
| LIQUID STEEM | 109,6 million (+1,5) |
| SBD | 9,3 million (+0.1) |
Virtual Supply ≈ 329,423,427 STEEM
SBD to STEEM conversion has increased again with the price of STEEM coming down.
It's not worrisome yet, but it will be if STEEM goes lower.
A lot of extra STEEM will then be created.
The virtual supply is a great indicator to show what that will look like.
If all the SBD would be converted to STEEM today there would be a total supply of 329,423,427 STEEM and 0 SBD.
Right now the total supply of STEEM = 307,163,965 and 9,282,195 SBD
I have added the Virtual Supply of STEEM to my report and will keep it there so I can compare it every 2 weeks.
Another problem STEEM has right now is trade volume on exchanges.
There doesn't seem to be any.
To put it in perspective the HUNT token (@steemhunt) has seen more volume (298BTC) on one exchange (Daybit) then STEEM has had on all the exchanges it's traded (224BTC) in the last 24h.
And this is been going on for a while.
Volume seems to come mostly from sellers right now and tbh it's not even that substantial but it is causing STEEM to go down in satoshi value a little bit every day.
I sure would like it to pick up again.
That's usually good for the STEEM price.
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That's seriously surprising that there is more volume on Hunt tokens than steem. Why do you think that is? I just powered up 50k SP on my in laws accounts recently. I think we need to better communicate the benefits of powering up and if we can get more people to collectively do that, then the price and subsequent investment will take care of itself.
Agree@nextgen622
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As @llfarms (among others) has observed, we need to tell a story for people to see a reason for buying STEEM.
That story starts with "who we are" and "what we try to achieve". Following on that, she invited people to reflect on a "mission and vision" for steem.
Let's join forces and do that, would you agree?
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Ironically, the person you mentioned has been cooperating with a few other characters that are effectively chasing people off this platform. I purchased most of my Steem, and now I'm selling it. I really tried to get people together on tackling the issues, but in response I got muted or flagged to bits. Good luck!
I like the story of you're an active investor in the platform you use and you get paid a dividend for holding steem
I have shared mine already a couple of days back.
https://steemit.com/dtube/@exyle/dmefzdtz
The Steem price isnt shining in the last month. I cant tell for sure .... but I have the doubt that Steemit Inc just keep selling massive amounts of Steem...
They do periodic selling of STEEM.
It's a shame that the markets seem so "dead" at the moment. I watch the trading volumes, as well, and they are tiny for a currency with our size market cap.
Steem has to be rise. I just witness voted for @blockbrothers. Will urge my friends to do the same.
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Thanks for your support!
The even slight improvement in Steem Power is encouraging to see as it has been a while since it has improved. Given the continued high amount of liquid Steem on exchanges, it will remain under pressure for price improvements.
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Sadly (I mean it) you read it wrong.. The total SP went down.
Do you think we need to block the internal convertion of Steem to SBD with a hard fork? 1.5 new milllion of new liquid Steem in 2 weeks is really insane!
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No, then the peg of $1 can't be maintained at all. Might as well get rid of the whole SBD. And it's not 1,5 new STEEM. Some came from selling SBD on the market for STEEM and a big part came from the powerdowns.
Liquid steem once again on rise but thanks for sharing the stats
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What do you think needs to happen for it to start going back up? The price of other cryptos seems to be on an upward trend the last couple of days, but SBD and Steem have either stayed the same or gone down. I am not too worried about it over all, but when you first look at it, it seems a little concerning.