SPUD, Availability of Liquid Steem and Triggers Rising Steem prices
SPUD, Availability of Liquid Steem and Triggers Rising Steem prices
Hi Steemian, how are you today? I hope you are healthy and creative to work.We will do it together in a week. We have read many posts from Steemian about SPUD from various sides. Many see from the amusement side and various advantages of participating in SPUD. Yesterday I read the post @socky
Power Up Has Been Dominating for 19 Days in a Row. What is Happening to STEEM Supply?.
@socky who always consistently recorded Liquid Steem every day for 19 months reported that the trend of power up was more dominant than during 19 days.
This is a graph snapshoot from his post
I've been tracking this data every day for 19 months. And hey, this is a Big Deal because it is impacting the STEEM Supply
There has been 19 days in a row that Power Up has beaten Power Down.
How exciting it is when we know that the trend of power up continues.
We know that power ups reduce the availability of liquid STeem in the market. the hope is that if there is less liquid Steem supply, it will trigger a rise in Steem prices
Although we realize that the price of Steem is not determined by how many people do power ups.
The importance of the diminishing Liquid STEEM supply is that if the trend continues, then the available supply could potentially become limited which could trigger the price to increase as a result of supply and demand.
We hope that there will be strong efforts from all and including stake holders, users and content creators of Steemit Inc. as an institution to make efforts to increase the price of STeem.
SPUD Contribution
In line with what was stated by @socky, the SPUD initiated by @streetstyle could be a massive and measurable movement to be able to have a good impact on the power up step.
We know that we have done SPUD five times. From the notes on the @streetstyle post, we can see the development of the number of SPUD participants and the amount of STeem that is powered up.
As a better movement we can look in the mirror of the SPUD that we have done five times. In the future, I suggest that SPUD data must be better organized. I saw that SPUD2 included graphs and diagrams that are very useful for Steemian. While continuing to hope that more and more people are interested in becoming sponsors, participants or supporters in other forms.
Notes that we can see again in the previous SPUD are:
On SPUD1 there were 64 posts, 675 comments
We can see this post.
https://steemit.com/spud/@streetstyle/spud-nik-1-success-may-1-2019-a-worldwide-event-steempower-steemIn SPUD 2 there were 33 participants with a total number of Steams reaching 2,776.557 Steems
We can read this post
https://steemd.com/spud/@streetstyle/spud2-is-now-over-final-contest-list-update-steem-power-blockchain-communityOn SPUD3 @traciyork continue on SPUD. Maybe the lack of promotion makes this SPUD3 feel less resonant.
We can read in this post.
https://steemit.com/spud/@traciyork/traciyork-1562016499492-happy-spud3-steem-power-up-day-three-july-1st-2019 We can read in this post.On SPUD4 become more interesting with the prize from the sponsors.
https://steemit.com/spud/@streetstyle/spud4-and-the-winners-are-steempower-blockchain-communityOn SPUD5 the participant more and more again. From @streetstyle post we note 32 participant and amount of Steem is 3,472.166 Steem.
We also see that the other Steemian powered up. We know that @exyle also did it.
We can check in one of his post in to support SPUD
https://steemit.com/exyle/@exyle/spud-day-4-spud4-powered-up-1193-steem
We hope in SPUD6 SPUD6 will get more participants and more amount of STeem which power up.
As partcipant, Steemian have a chance for the prize in sPUD6 next October 1. The sponsor who share ther generous are @xpilar, @sultan-aceh, @bippe, @hingsten, @reflektor, @davedickeyyall, @traciyork, and @improv.
We are so thank to all the sponsors. With your sponsorship SPUD become more intersting as a movement, amusement and also a competition.
SO, LETS SUPPORT SPUD6 OCTOBER 1
JUST POWER UP
NO POWER DOWN
NO SELL/TRANSFER STEEM
Warm regard from Indonesia
@rokhani
Anytime I see "movement" in addition to me doing a particular action, I run the opposite way.
With all of these #spud things on do you see a unique benefit toward the upward movement of the price of STEEM?
We're going into the 3rd month of sub $.20 and nowhere within this ecosystem can a upswing be seen on the horizon.
Posted using Partiko Android
In a movement that was done in part, SPUD could be seen as eager to do power ups. Not just as an event that only occasionally. In my mind, if all Steemians have the same steps and breathing, then this could be a way to control the availability of STeem. We also know that the price of STeem can not only rely on a movement like SPUD. Massive Steem purchases and STeemit Inc policies determine the Steem price the most. However, as STeem tent users we can show our concern by carrying out power ups and there are movements that can be used as a way, namely SPUD initiated by @streetstyle and support from many parties such as @xpilar, @sultan-aceh, @bippe, @reflector, @hingsten and others