Well, I've found the Silver Lining for STEEM & STEEMIT again in these markets still LEAKING RED! | The numbers speak the truth. We're actually doing GREAT. | STEEM is a TOP GAINER overall the last 24 hours!

in #steemit7 years ago (edited)

Here are the numbers for you. STEEM is doing actually really well, when you consider ~95% of the market is running at a LOSS in the RED and that about ~95% of the market is actually in DOUBLE DIGIT LOSSES now over the last ~10 days!!


Look, if you SORT by biggest gains (also meaning least losses).....

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We are actually sitting ~9th overall out of 1119 currencies / last 24 hours period.

STEEM has been constantly hanging around the ~20th overall position in coins now for so many weeks, you lose track of it -- meaning it is consistently performing at this high level. - Basically months of this now - more good news.


Keep reading!

The markets have been bleeding RED for a lot of the last ~15 days!

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!



The balance of this post contains info from my related post on this topic from 4 days ago. The numbers are about the same.

STEEM just keeps hanging around the same area LOL, showing great stability overall.

That is the peg of a good currency.


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

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871 Currencies / 249 Assets / 5595 Markets

Market Cap: $137,577,212,684 / 24h Vol: $3,917,663,718 /

BTC Dominance: 48.1%


FACTS & NUMBERS TLDR:


Look, we have lost about $~45B in total Crypto Market Cap the last ~19 days, we know this.

We were then back up to around $161B and now we are at around $137B. This pattern has repeated much of the last 10 days, aka the extended China FUD period.

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

Super news!


I blogged ~14 days ago, on the Market Cap recovery right here when it was back to the $161B range:

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-market-continues-strong-recovery-back-to-usd161b-market-cap-or-usd21b-of-gains-in-2-days-or-9-6-2017-or


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 ~30 coins:

Look at STEEM hanging in here at the #21 position and either steady or UP about ~2.5% in the last 24 - 72 hr period even after all this bloodshed while most of the market is in the RED!

--


On a day like today, would you not take remaining in the ~Top 20- 22 coins sorted by Market Cap, 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 GOOD news here, which is the 3rd piece of good news is that the trend shows STEEM trending basically sideways here give or take.....

Right?????

The high point in our 30 day chart here is Sept. 7th -- at $1.63


Guess what other coin has been trading sideways the last while too, and has about the same amount of losses as STEEM today and recently?

Yep, Bitcoin. Not too shabby, look at the 2 charts that look nearly the same! (:


Factor in the total % of gains/loss for these 30 day-charts.... We are good!!!!

--


Thanks for reading, have a nice day.


My Philosophy In Daily Life & Travels:

--

I have always tried to be kind to people every day, as part of my life Philosophy, since I have always believed we can achieve more TOGETHER.



My path to Crypto is with you guys and we are on the path to Liberty.


We are all early adopters here, if you are even close to reading this today.

Be encouraged.



If you online search my name + PIZZA -- you will see my deep love of the pie as I seek to eat it, wherever I am, or whatever I am doing.


Life Goals:


-- Get Paid to Travel and Blog about Pizza & Those Travels.

-- Buy a Pizza Store.

-- Become Crypto Currency Independent and Love Liberty and Life!

-- Continue to Hold and Sell Real Estate as I have done for clients since 1991.

Don't let anyone tell you twins are a problem ever!!!!!

FUD or no FUD!!!








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/steemit-meme-of-the-day-or-it-s-lordvader-wanting-you-to-be-on-steemit-good-night-my-steemit-family

https://steemit.com/cryptocurrency/@barrydutton/crypto-market-update-recovery-continues-china-market-shakeout-or-huge-market-swings-w-growing-stability-in-places-usd129b-market

https://steemit.com/steemit/@barrydutton/steemit-101-or-e-25-basic-resources-to-help-you-on-steemit-or-for-all-the-new-people-arriving-daily

https://steemit.com/colorchallenge/@barrydutton/color-challenge-sunday-purple-or-my-friend-a-city-over-drafted-by-the-chicago-cubs-smashed-in-the-face-by-a-baseball-yep-still

https://steemit.com/life/@barrydutton/daily-digital-detox-a-steemit-community-life-series-and-reminder-or-e-41-or-intentionally-regularly-unplugging-my-quick

https://steemit.com/cryptocurrency/@barrydutton/breaking-darico-is-a-cryptocurrency-that-address-volatility-correlation-and-illiquidity-issues-plaguing-the-cryptocurrency


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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.


Sort:  

@barrydutton I enjoy your content and of course the PIZZA'S......People just need to RELAX and gather UP STEEM as they can afford to do so. A Year from now, 3 Year's from now you will be Very Happy you were in on the Ground Floor.

I'm always happy with pizza also.

LOL

  • It have fund suport around 26000 satoshi
  • MACD showing promising up trend

Disclaimer
This is only my personal speculation.

You welcome, you can upvote for my hard work :)

I'd love to see STEEM keep going up since I weasel every dollar into it that I can afford to

We are hoping for the best believe me.

I think it won't go above 1.4, but I hope it gets there fast.

Time will tell man.

Always nice to hear from you!!

Resteem your post to 1500+ followers for only 0.5 SBD or Steem)

Just send 0.5 SBD or steem to @steemvote (URL as memo)

New Followers get 0.001 SBD$ and an upvote for free!!

Just follow @steemvote and...

  • we follow back
  • send you 0.001 SBD to your wallet

I sow so many predictions here some even very unrealistic like Steem will reach 100usd.
Don't get me wrong even me i will be super excited if that will happen but guys keep in mind that one of the most amazing thing about Steem in STABILITY!
And since Steem is not fluctuacting up and down with major % makes me extremly happy because this is a sign that Steem will be on for a long long time from now!
Have a great Sunday and always Steem On!

Hoping steemit would soom reach $5 .....

predictions are speculations but some truth is always there

Well said.

Have a good day.

Such articles are hope for the minnows and silver lining for people like you who've done well to keep this platform alive. I am hopeful that Steem will reach the value it deserves in the future. And steemit will be among the most favorite social media platforms in coming days.

Thank you for the hope!

Nice comments, thanks a lot!

I am doing my best daily!

Great numbers overall. Can't ask for better than that. 🐓🐓

Reality is good every day.

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