Weekly report: How much STEEM is stored on the exchanges? - March 14, 2019

in steem •  4 days ago

The charts below show how much STEEM is stored on each exchange where STEEM is listed.

Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!

STEEM stored on all exchanges

STEEM stored on Bittrex

STEEM stored on Binance

STEEM stored on Poloniex

STEEM stored on Bithumb

STEEM stored on Huobi

STEEM stored on Upbit

STEEM stored on Openledger

STEEM stored on Gopax

How much STEEM is currently stored on each exchange?

ExchangeBalanceLast weekChange
Bittrex37,653,907 STEEM39,417,166 STEEM-4.5%
Binance17,025,861 STEEM16,721,603 STEEM+1.8%
Poloniex9,484,647 STEEM9,482,021 STEEM+0.0%
Bithumb7,477,809 STEEM6,584,608 STEEM+13.6%
Huobi6,356,200 STEEM5,870,232 STEEM+8.3%
Upbit4,242,872 STEEM2,960,211 STEEM+43.3%
Openledger536,051 STEEM552,174 STEEM-2.9%
Gopax266,951 STEEM276,226 STEEM-3.4%

Total amount of STEEM stored on all exchanges: 81,846,843 STEEM
Total STEEM supply: 304,625,333 STEEM
Liquid STEEM: 105,193,574 STEEM

  • 26.9% of the total supply is stored on the exchanges.
  • 77.8% of all liquid STEEM is stored on the exchanges.

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It appears there's not a strong enough incentive to store Steem in Steem Power anymore. It looks like people are waiting for the prices to go up to bail out.

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Sounds about right. There are only about 50 or 60 people draining the fuck out of STEEM. The best thing to buy EOS and bank on the REX coming out and MEOS.

Posted using Partiko Android

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My Steemit account 'value' steadily declined from the $1500 high all the way down to $83.01 after daily 'Power Ups' over the course of 2.5 yrs...- the moment I stopped this 'Power Up' activty just recently my account "value" skyrocketed back up to $143+ . . . so I think I will sit~spin in this manner moving fwd. This is the extent of my crypto~ability in this loopie blockchain bizzn@$$ !

The fact that price continues to hold the price with this supplynout there in addition to the added supply from SBD conversions is positivr in my opinions as it is being met with demand.

Posted using Partiko iOS

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Storing any crypto holdings on an exchange is a very bad idea.
Think about the number of exchanges that have been hacked.
The volume of trades tells us a lot about the true demand for steem.
For every seller there will be a buyer when the price is right.
When prices are right markets will clear.
Currently the price is not right.

Great break down. There is way more STEEM being sent to the exchanges vs sent from them. Most are ready to exit the situation and go to greener pastures.

Posted using Partiko Android

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