STEEM DAILY DATA !!!!!!!!!!!!!!!! 8 / 16 / 2016
A reply on my post yesterday from @smooth that I just now saw after I posted my post . Here is his comment.
" The main reason for the increase in STEEM not powered up was a huge power down (687K STEEM) by the steemit account (see activity history below).
These are coins which Steemit (the company) has indicated are to be used to fund new accounts (currently 3 STEEM per account is being given away by Steemit) and sold to fund development. "
842 4089144 0000000000000000000000000000000000000000 fill_vesting_withdraw {"from_account"
@smooth is talking about the large increase in Steem not Powered Up in SteemPower yesterday. I would like to thank @smooth for this information.
STEEM not invested in SteemPower rose again today.
Study closely the spreadsheet and charts below. I will try to update 6 days a week.
GLOSSARY OF SPREADSHEET TERMINOLOGY :
Current_Supply = ...Current supply of STEEM
Total_Vesting_Fund_ Steem =... Total STEEM invested in SteemPower
Total_Vesting_Fund_ STEEM AS % of CURRENT SUPPLY =... Total STEEM invested in SteemPower as a % of total steem
Column C-D STEEM NOT INVESTED IN STEEM POWER =... Total number of steem not invested in SteemPower
NUMBER of STEEM not invested in SteemPower daily increase or decrease =... The daily increase or daily decrease of steem not invested in SteemPower
STEEM PRICE BTC - STEEM =... Price of steem to btc on Bittrex
STEEM PRICE $$$$ - STEEM = Price of steem in $ dollars on Bittrex
SBD PRICE $$$$ - SBD = Price of sbd in $ dollars on Bittrex
The total number of STEEM not invested in SteemPower rose again today from 5,251,385 yesterday to 5,284,213 today . That's an increase today of 32,828 STEEM not invested in SteemPower .
It is interesting to note that as the total number of STEEM not invested in SteemPower increases, the price continues to fall . Also note that tonight the total number of STEEM not invested in SteemPower has increased yet again today. And remember yesterday's increase day over day was the most on a daily basis since I have been keeping data on this.
Poloniex and Bittrex were both working fine to transfer my STEEM to STEEMIT today unlike yesterday when my Steem was locked up in transit .
More STEEMIT members need to start buying Steem and Powering Up for the Steem price to go up .
If the problem is that STEEMIT members are not buying Steem and Powering Up, may be because a lot of them just really don't know how . Or maybe they just feel it's to complicated to learn.
Whatever the reason I think if the price gets low enough the STEEMIT members that know how will start to buy and Power Up. But what is that price ????
In the chart below you can see the STEEM price as the red line and the total number of STEEM not invested in SteemPower as the blue column.
NOTE: The blue column in new highs today. This is not good for the price of Steem.
CHART # 1
In the chart below you can see the STEEM price as the red line and the daily increase or decrease of STEEM not invested in SteemPower as the blue column.
Another increase today of 32,828 Steem . We need to see this figure become negative not positive for the price of Steem to increase .
CHART # 2
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Awesome information and analysis!
At noon (my time) I bought Steem Power with BTC. It took longer than normal to register on both sides of the trade. Several times before my exchanges registered in about 5 minutes on Steemit.
I plan to power up again when the price of steem drops a bit more. I have been watching https://steemit.com/market
According to the graphic there is a lot of steem for sale (far more than the orders to buy). To me it looks like the price may drop a bit more.
I look forward to your next report (post).
Steem on,
Mike
Mike I edited the beginning of the post when I seen @smooth had commented on yesterday' post as to why Steem increased so much yesterday you may want to read that.
Great post very interesting.
💋 @halo 💋
Thanks once again for the analysis. But, things changed rather rapidly after you posted - as @jl777 noted:
https://steemit.com/steemit/@jl777/300-btc-open-market-purchase-of-steem-spikes-price-to-00324
The linkie says it all :)
I'm actually wondering if the whale who made that huge 300 BTC buy was motivated by @smooth 's comment. Anyone else who want to upvote him for pointing out the reason why, it's the top comment in this post:
https://steemit.com/steemit/@me-tarzan/evening-update-steem-daily-data-8-15-2016