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RE: Exchange Transfer Report: 3/19/2017 to 3/25/2017
I keep looking forward to this report :-).
Is the "withdrawal to deposit ratio by user count" the amount of users withdrawing divided by users depositing, or is it total amount withdrawn/deposited?
Thanks @idealist! If 1000 accounts sent a net positive (in USD terms) amount of STEEM or SBD to exchanges last week (withdrawals) and 100 accounts did the opposite and took money off exchanges (deposits), we'd have a ration of 10 to 1. 10 accounts withdrawing for every 1 account that is depositing. It's not based on the amount, but more so on the number of accounts which, to me, is an important indicator regarding mass adoption vs. people who are already here cashing out.
For the amounts, see the top summary part of the report which shows how much money is going out to exchanges.
Ok, the ratio's are very close, which seems to indicate that the spectrum for exiting and entering users is very similar. Big and small players both exiting and entering. It would be interesting if this wasn't the case.
Personally, I'd consider something closer to 1:1 as being very similar. 5:1 means five times as many people are taking money out of the system then are putting into it. Earlier this month it was 12.84 to 1 (click on the graph above for more information). Until that number reverses, I don't think we'll see a big rise in the price of STEEM or mass adoption. If we had 5 people depositing money for everyone one person withdrawing, things could get really interesting around here.
I get your point, but what I tried to say was that the demographic of leaving users is similar in kind to that of the exiting, only 6 times larger. If exiting users were mostly whales, and entering users only minnows, the ratio of users could be 1:1, and the ratio of amounts 6:1. That, in turn, would mean that Steem is interesting for minnows and not interesting for whales.
I'm having trouble following your logic. How do the number of people exiting or entering relate to minnow / whale status? Sorry if I'm missing something obvious.