The Largest Steemit Accounts that Powering Down - August 2017
Power down is the process of turning the Steem Power to Regular STEEM Tokens.
Being an active part of the steemit.com community means you will be earning Steem Power and Steem Dollars for successful posts and Steem Power for your voting of other good stories. But the accumulated Steem Power can also be turned out to regular STEEM tokens via a process called Powering Down.
Powering Down can be confusing for new users and probably even more advanced ones. An explanatory post of @cryptos on "How to Power Down Your STEEM" is very helpful for everyone.
The Power Down Statistics and the Largest Liquidity Increases on the tables below has been taken from the steemdb, credits to @jesta that created it.
In the table below we can see the completed Power Downs from August 13, 2017 to August 20, 2017 that sum to 3,948,620,832 VESTS or ~1,913,714 STEEM
The pending Power Downs for the next week (August 20 to August 26) sum to 3,342,878,606 VESTS or 1,620,139 STEEM
Many known Steemit Accounts are Powering Down!
In the table below we can see the 30 days worth of Power Downs combined per account. In the list below included many known steemit users that Powering Down.
-- Is this is a sign to worry about ?
--Why all these accounts are Powering Down?
--Is this is a sign to worry about or is a normal process?
What do you think ? Feel free to express your opinion in the comments section below.
Thanks for Reading
Digital King
Large accounts by random people.... they probably are taking their profits off the table OR see better crypto investment oppratunities else where.... and i wouldnt say they matter too much as this is normal
The one to worry about are creators/developers who are pulling their money out... thats akin to CEO's of companys dumping their stock options
Could be nothing.... but developers are on the inside track... so if they think positive catalysts are coming... generally they wouldnt be selling
Like @dan you mean?
There are many known users in the above list :)
yes but isn't @dan THE ceo?
It is not necessary bad to Power Down ! Adding some liquidity to their portfolios sometimes required.
I think this is good, it will be spreading steem to more users and allowing others to buy more steem and power up. We could see a price fall as these steem flood the market which would be a good time to pick up more. Plus, I think it will be good to continue decentralizing the control of SP.
Decentralizing the control of SP is real good thing. Thanks for your comment @justinschwalm !
This post recieved a vote from @minnowpond. For more information click https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond
This post recieved a vote from @minnowpond. For more information click https://steemit.com/steemit/@minnowpond/boost-your-rewards-with-minnowpond
Only 5 of them took everything they had, most of the others didn't take out even half of what they own so it isn't an exodus. As for @dan, he still has a lot of Steem, he is not the CEO that is @ned and everyone knows he has an interest in EOS.
Thanks @gduran for your detailed reply that is clearing up things !
I've been waiting for answer to that questions down here in the comments. I'm new here and don't know all the OGs of the platform, yet. Thanks for answering and addin some info.
Does anyone know what the percentages are in relation to week to week power downs or is there a place to find that info? Yes, it looks like that is a lot of powering down but, for people newer to the platform and not tracking the type of money that is moving around on here, it sounds ds a lot larger than I think it really is. Now if I were to see a 200% increase week over week and the tend continued, I may begin to have more concern.
Thank you for your comment. You can find many info here : http://steemdb.com/labs
Appreciate that!
smart and loveable post
Resteemed and 100% upvoted. Thank you for using my service!
Read here how the new green bot from Berlin works.
@resteem.bot
This post has received a 0.78 % upvote from @drotto thanks to: @banjo.
This post was resteemed by @resteembot!
Good Luck!
Learn more about the @resteembot project in the introduction post.
This post has received a 20.00 % upvote from @lovejuice thanks to: @digitalking. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!