State of the STEEM... Continued | Fun Basic Market Overview - Mostly Beneficial for the New STEEMIT / Crypto Folks Arriving Daily.

in #steem6 years ago (edited)


Perspective:

Always Important!

Just a brief general overview - this is mostly for the new people arriving here daily who are learning. We were all there once ourselves, I keep saying.

I first started this series likely 15 mths ago or so, it is hard to always keep up with things or running series at times, so many thing to deal with daily in life and crypto as you know. If you search my name and the name, you will find a few of them for sure!

Here are a few from the last year and half of my State of the STEEM Series:

https://steemit.com/steemit/@barrydutton/state-of-the-steem-bittrex-has-put-your-steem-sbd-wallets-back-online-if-you-are-trading-get-back-at-er-lol

https://steemit.com/steem/@barrydutton/state-of-the-steem-bittrex-has-put-your-steem-sbd-wallets-offline-again-if-you-are-trading-be-aware-check-exchanges-always

https://steemit.com/steem/@barrydutton/state-of-the-steem-bitshares-and-steem-among-top-gainers-right-now-did-you-buy-the-dip

https://steemit.com/steemit/@barrydutton/steemit-updates-state-of-the-steem-overview-w-charts-sources-for-new-crypto-folks-or-those-not-wanting-to-look-up-info-lol-crazy

https://steemkr.com/steemit/@barrydutton/your-steemit-account-now-gives-you-a-cover-photo-option-i-had-posted-earlier-asking-about-this-seeing-a-change-here-s-the-scoop


Today:


STEEM is doing actually well, when you consider the big market volatility daily.

Current Price Snapshot:


Please note that most people in crypto tend to use CoinMarketCap.com for their info. Their charts started going down all the time in Q1-2018 so take note. They also removed a ton of Asian markets from the exchange volume in Q4-2017 with NO notice and it threw the market off for pricing in a large way.

https://coinmarketcap.com/currencies/steem/

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At this time, out of the top 100 coins, STEEM is sitting 27th -- right around where it usually is in terms of the big coins:


The $STEEM currency is often performing better than the market average in a bad time!

Keep reading! The numbers for you are here in this post.

The markets have been bleeding RED for a lot of the last ~60 days!

-- Some days worse than others.

When STEEM is down I think of this:

-- The currency is backed by US -- the people and community / content, which are the product or backing so to speak, we are doing OK!



Today's Crypto Currency Market Overview stats via CMC.com (CoinMarketCap.com)

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Cryptocurrencies: 1526 / Markets: 8687 / Market Cap: $433,438,203,913 /

24h Vol: $18,272,432,215 / BTC Dominance: 34.8%

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All the numbers are right here in the CoinMarketCap charts commonly referred to daily in the Crypto Sphere:


In today's generally daily volatile markets -- would you not take remaining in the ~Top 30 coins ?

That is good news!!!! On both counts!!!!

Look:

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1 month chart is the best breakdown of this, given the recent "highs" not long ago to today's 'low" -- See a trend??

The gold line there is the price relative to the Bitcoin price and has flattened out a bit, unlike the other lines you see.

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3 Month:

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1 Year gives good perspective always:


Thanks for reading, have a nice day.








If you liked this blog post - please Resteem it and share good content with others!

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Some of my recent blogs:

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https://steemit.com/steemit/@barrydutton/sos-project-support-our-steemians-daily-donation-challenge-report-12-to-support-our-friends-on-steemit-in-independent-media

https://steemit.com/crypto-news/@barrydutton/so-we-need-to-have-some-people-report-this-latest-fake-instagram-account-impersonating-our-friend-omar-bham-of-crypt0-s-news

https://steemit.com/crypto-news/@barrydutton/a-new-crypto-exchange-service-has-launched-like-shapeshift-no-id-or-accounts-sign-ins-required-no-limits-on-amounts-either-you

https://steemit.com/crypto-news/@barrydutton/crypto-101-or-andreas-antonopoulous-bitcoin-q-and-a-segwit-adoption-issues-8-mins-super-practical-resource-here-today-library-of

https://steemit.com/trading/@barrydutton/investment-language-101-series-term-of-the-day-what-is-price-earnings-ratio-p-e-ratio-or-e-119-or-trading-candle-cheat-sheet

https://steemit.com/freedom/@barrydutton/6pzktv-how-murray-rothbard-became-a-libertarian-a-father-of-the-movement-indeed-his-short-bio-as-told-by-himself-brief-bio-overview-and


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If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.


Sort:  

Thanks for posting, and showing the growth of the platform. As a newbie I'm excited for the future of Steem.

I think Steem will always hold its value to some extent as it is so unique in how it operates, if you have uniqueness in anything in life its always going to put you one step ahead of the field. Long live Steemit!

Great post i learn from you're post ...i will follow you

"The currency is backed by US -- the people and community / content, which are the product or backing so to speak, we are doing OK!"

Good motivation for the down days. Power up and don't look back!

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