STEEM & STEEMIT Price Update: In the markets still LEAKING RED! | The numbers speak the truth. We're actually doing GREAT. | STEEM stable as usual the last 24 hours!

in #steemit3 years ago

Here are the numbers for you. STEEM is doing actually really well, when you consider ~90% of the market is running at a LOSS in the RED and that about ~90% of the market is actually in DOUBLE DIGIT LOSSES now over the last ~15 days!!


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

--

We are actually sitting ~65th overall out of 1128 currencies / last 24 hours period.

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

-- Basically months of this now - more good news.


Keep reading!


As usual we are still hanging around the ~20th spot in terms of Market Cap:

22nd today:


STEEM OVERVIEW:

--

--

1 MONTH:


3 MONTH:


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

--

1128 Cryptocurrencies/ 5555 Markets

Market Cap: $136,506,814,337 / 24h Vol: $2,579,570,351 / BTC Dominance: 47.6%

The markets have been bleeding RED for a lot of the last ~20 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 a few days ago. The numbers are about the same since we are staying stable and Bitcoin/STEEM peg remains about the same too, which you have to factor in on chart days. (:


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

That is the peg of a good currency.



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:

--

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!

--

Some of my recent blogs:

--

https://steemit.com/photography/@barrydutton/color-challenge-tuesday-orange-or-self-reliance-bushcraft-camp-off-grid-w-hammock-setup-my-theme-most-of-this-week

https://steemit.com/treetuesday/@barrydutton/3rd-ever-entry-for-me-for-tree-tuesdays-backyard-bushcraft-camp-w-hammock-setup-or-off-grid-self-reliance-camping-if-you-like

https://steemit.com/photography/@barrydutton/travel-with-barry-e-11-the-western-canada-prairies-roadtrip-continues-or-bible-colleges-and-seminaries-in-manitoba-saskatchewan

https://steemit.com/cryptocurrency/@barrydutton/breaking-south-korea-company-to-launch-cryptocurrency-exchange-named-upbit-to-meet-demand-as-crypto-bitcoin-soars-from-investors

https://steemit.com/bitcoin/@barrydutton/bitcoin-price-update-btc-smashes-back-thru-the-usd3969-usdusd-mark-today-sept-25th-2017-or-total-crypto-market-cap-gains-usd7-5b

https://steemit.com/steemit/@barrydutton/the-steemu-asks-what-are-you-blogging-about-today-or-e-20-or-drop-your-links-and-ideas-here-like-mad-pictures-thoughts-ideas-etc

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


Most stock Images / Gif's day to day- usually via Giphy.com , Funny or Die.com, Imgur.com, PixaBay unless otherwise noted, with thanks.

If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.

--

LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a

Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv

Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL



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 Barry Dutton tweeted @ 26 Sep 2017 - 22:52 UTC

$Steem Price Update: Stable. #CryptoCurrency @steemit #Crypto #Blockchain $CAD $USD #Trading #Markets #Finance

steemit.com/steemit/@barry… / https://t.co/6qpvkFf9EF

Disclaimer: I am just a bot trying to be helpful.

Thanks 4 share

Good info Nice chart

Very useful information. Great post @barrydutton. Regards steemit 😆😆

Steem is a currency that is held. The fact that many of us have our Steem in SP means that it is not liquid. That holds the price up better because, people on Steemit are, by default, long term focused.

There is a lot of upside to steem because of this platform. The fact that we have so many transactions already taking place on here means that steem is legit.

time to go invest in some steem

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

This is hard work
thanks for the information