Top 50 Liquid Steem Holders: HOOOODL!!
This post doesn’t have any other reason other than showing that there are not many people that can push the price further down at this point, and for me that is a good reason for holding my Steem and Powering Up.
Let’s take a look at the top 50 Liquid Steem Holders, these are the accounts that could transfer to an exchange right now and sell. Keep in mind that those who permanently hold their funds in exchanges are not taken into consideration.
1 @steemit 6,342,947.465 STEEM
2 @poloniex 2,942,261.052 STEEM
3 @bittrex 763,335.361 STEEM
4 @block1 200,000.000 STEEM
5 @alittle 128,871.297 STEEM
6 @blocktrades 117,767.195 STEEM
7 @aurel 98,317.758 STEEM
8 @ben 89,543.650 STEEM
9 @openledger 75,923.387 STEEM
10 @imadev 50,368.433 STEEM
11 @steemit2 49,999.000 STEEM
12 @afew 31,000.000 STEEM
13 @steemed 27,429.933 STEEM
14 @dantheman 22,455.069 STEEM
15 @steemit60 20,000.000 STEEM
16 @azeroth 18,168.710 STEEM
17 @dan 16,281.847 STEEM
18 @steem 15,555.310 STEEM
19 @taker 15,093.948 STEEM
20 @bnet 14,030.482 STEEM
21 @ashleigh 12,806.371 STEEM
22 @anastacia 12,000.052 STEEM
23 @analisa 11,888.149 STEEM
24 @cleta 11,246.480 STEEM
25 @steemit1 10,000.205 STEEM
26 @enki 7,344.858 STEEM
27 @ned 7,319.845 STEEM
28 @steemsports 6,019.191 STEEM
29 @expir 5,915.304 STEEM
30 @faddy 5,235.803 STEEM
31 @a4i-13e23a94 5,129.161 STEEM
32 @recursive 5,019.048 STEEM
33 @arsahk 4,944.402 STEEM
34 @freechina 4,853.937 STEEM
35 @lukewearechange 4,650.131 STEEM
36 @wetroofwoof 4,639.164 STEEM
37 @steemit-life 4,557.091 STEEM
38 @hitbtc-exchange 4,250.040 STEEM
39 @djohnston 4,247.063 STEEM
40 @markopaasila 4,148.489 STEEM
41 @b0y2k 4,143.028 STEEM
42 @expir601 3,949.546 STEEM
43 @felix.mg1 3,937.207 STEEM
44 @blakemiles84 3,745.768 STEEM
45 @freewallet 3,485.878 STEEM
46 @bento 3,474.513 STEEM
47 @mn12defgj1 3,443.144 STEEM
48 @squirrellywrath 3,428.015 STEEM
49 @freeforever 3,416.959 STEEM
50 @proskynneo 3,392.662 STEEM
Source: steemd.com/richlist
We can see on the chart that only the top 11 accounts can drastically affect the price at this levels. If we take into consideration that #2, #3, #6 and #9 are exchanges, that leaves us with only a few real threats.
The biggest possible seller is of course the #1 account: @steemit, but even when they have sold in the past we know they won’t and can´t do it all at once, they usually send funds to @steemit2 to sell and their last large sell was 3 weeks ago trough @blocktrades.
Now here is the exciting part, from account #12 and below there really isn’t many people who hold a significant amount of liquid steem, With the current price of steem the 31,000 Steem of @afew represents about $7,285 (11.56 BTC). Of course if they all sell at once it would be a problem but we all know this is unrealistic and not all of them are actually selling.
So, what does this mean?
On the one hand we are left to the faith of @steemit and a few of its developers. On the other, there really isn’t much liquid steem left to sell and some people stopped selling all together, in my opinion markets are so thin that it wouldn’t take a lot to take Steem back to 0.50 cents.
Ok, what about the daily payouts?
Yes, it’s true that most people sell whatever rewards they get for their posts, but this is becoming less and less significant considering the price fo Steem and the percentage of people who are powering up 100%. Another initiative that is taking a lot of liquid Steem and SBD off the exchanges is @steemsports, they are accumulating large part of the daily payouts and distributing it as Steem Power.
My personal conclusion..
![keep_calm_and_hodl](https://steemitimages.com/640x0/https://s17.postimg.org/ddgqftj4f/keep_calm_and_hodl_on_3.png)
DISCLAIMER: This is not trading advice, read the information and make your own decisions. I have been wrong in the past and will certainly be wrong again in the future.
I like that line of thinking. :) Great report, @chitty. Thank you.
As I've been reporting on with my exchange transfer reports, there's also a lot of liquid steem sitting out there on exchanges. Until it comes back to an account (which I'm also tracking), it's essentially out there to impact the markets. Whoever is holding those amounts on exchanges is free to dump them at lower prices and those who buy them are free to do the same again. It's a complicated system and trying to predict markets is... difficult. Essentially, I think, it comes down to the stories we tell ourselves.
I did write that is impossible to know who is holding money permanently on the exchanges, its still beyond me how so many people keep large amounts on exchanges.
And yes I always follow your reports are very useful.
But doesn't hodling just beget more of an illiquid market?? (BTW I never hodl - I just Power Up constantly!)
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This is great news! Thank you for sharing. I think a lot of people, myself included have been wondering when the slide might stop... Hopefully we are nearing that point!
I agree with your choice.
NOTE: HOLD is spelled wrong in your GIF
Heheh. To understand HODL: https://www.reddit.com/r/Bitcoin/comments/2b8t78/whats_hodl/
hehe its meant to be spelt wrong!
I was wondering. I read and re-read the article 3 times to see if I missed something. But the subject and the gif. I've learned something new today. :-)
Nice bit of insight. Resteemed
Right now might be the very best opportunity we will ever have to accumulate steem power. 6 months from now people are going to be looking back going... what the heck was I thinking selling my steem ;)
Resteem
I resteemed this as well. I think part of the problem is that people are fearful of the price continuing to go down so they sell everything they can, while they can. If we can stop the fear selling that can only help...
Help who? I like fear selling. I can buy more cheap steem. Everybody should take opportunity and buy more. Of course if one believe in steemit success. Otherwise you are all just a bunch of hypocrites.
Help the price go back up...
Good points though about a great opportunity to buy. The problem is that no one can predict the price of steem in the future... not even the success of steemit.com absolutely guarantees a higher price of steem.
One thing we can control is the price today, if we stop selling, it stops going down.
Can anybody predict price of gold or silver? Or dollar maybe? High risk- high reward. Add of course pair of steel balls helps a lot.