STEEM is Actually Performing Better Than Most of the Market in This Bloodbath. #12 Overall by Gains/24 hrs. | My Latest Silver Lining Report. The Numbers Do Not Lie.

in #steem6 years ago


Perspective:

Always Important!


STEEM is doing actually really well, when you consider 99% of the market is running at a LOSS in the RED and that about ~95% of the market is actually in BIG DOUBLE DIGIT LOSSES now over the last ~72 hours.

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

Keep reading! Here are the numbers for you.

The markets have been bleeding RED for a lot of the last 30 days! Some days worse than others.

STEEM is down but I think because 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: 1514 / Markets: 8569 / Market Cap: $327,105,288,837 /

24h Vol: $25,766,444,124 / BTC Dominance: 35.9%

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Look, we have lostover half the total crypto market cap in the last 40 days. We know this.

And down overnite literally another $~100B in total Crypto Market Cap.

We know this too. We were back up to around $401B and today are around $310B. to $333B currently.

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

Super news!

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All the numbers are right here in the CoinMarketCap charts commonly referred to daily in the Crypto Sphere: Sorted by Market Cap. rate and showing the Top 20 coins:

Look at STEEM hanging in here at the #12 position and only down 7.75% in the last 24 h. period after all this bloodshed!!!

Coins sorted by TOP GAINS / 24 hrs -- meaning coins in the red here wit the LEAST losses, compared to the rest of the market down 30 or 60%.

Steem is down 15%.


On a day like today, would you not take remaining in the Top 20 coins sorted by highest gains -- in a bloodbath????

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.



Thanks for reading, have a nice day.








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https://steemit.com/eos/@barrydutton/the-crashening-continues-or-crypto-on-sale-again-get-to-buyin-that-dip-or-99-of-coins-on-sale-crypto-market-down-trending


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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 helping us all keep up our spirits. :)

Best I can determine, STEEM's all-time high was $8.07 in USDT terms. Right now it's about $3.28.

But STEEM has held up quite well in satoshi terms. Take a look at the orange line on the 3-month chart:

In Bitcoin terms, as shown by the line in orange, STEEM has crept up a bit.

I am glad you pointed this out again with the chart and different language.... that is what I was showing and trying to convey at the end of the post too, knowing most people would miss it or maybe not understand this pairing charting / language.

Unrelated, since you missed Week 2 of the Moroccan Desert / digital detox series, week 3 of that series will be out in the next hour sometime.

What's that???

Control your excitement, please!

LOL

STEEM is the new Tether

Ah im still hoping Steem will go down more so I can get a great price on it!

Steem is whats giving us hope

True that. God bless us all, for hard time that will come.

All of these markets will go up again. they always do. I hope Steem goes below $2. I'll definitely be buying SBD or Steem if so.

Gracias por traer noticias positivas, desde el análisis de los datos eso es muy importante más para valorar lo que se construyen en este Portal como lo es steemit y su criptomneda como lo es también el steem.

Muy buen reportaje me gusto los datos científicos del asunto. Sin caernos a pasiones.pero levantando la moral para no desmayar o flaquear.

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