LIQUID STEEM / PRICE COMPARISON CHART
🐒 Steem not invested in Steem Power henceforth referred to as : LIQUID STEEM
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The chart below is a Liquid Steem / Price Comparison since Hard Fork 16 in Dec .
BLUE COLUMN : LIQUID STEEM
RED LINE : STEEM PRICE
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Liquid Steem is at an all time high yesterday of 59,850,393 That is a big number so I will write it out for you .
Fifty Nine Million Eight Hundred fifty Thousand Three Hundred Ninety Three Steem that can be sold . 184.50 % more Liquid Steem than on Dec 6 , 2016 .
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How Deep Will The Liquid Steem Ocean Become ?
(grabs deep water equipment)
Goes diving for Whales, Dolphins, and Minnows...
The incentive to stay powered up is... not really there right now. I wonder if this is mostly splashing around on exchanges. DASH and PIVX have the concept of master nodes and staking which encourage people keep their coins locked up and STEEM used to have that as well, but the inflation was a bit out of control, so it go scaled back. I haven't checked what it is lately... Was it around 9%?
My guess is most of those liquid Steem comes from Steem Inc powering down and not selling everything right away. I'm not sure why they are powering down more than they need. Maybe they are gearing up for a big influx of users thus needs liquid Steem to create those accounts. Clearly they don't seem to be in a rush to sell at the current price which is a very good thing.
I track the money they send to exchanges every week. Nothing this past week, but the 2 weeks before that was over half a million dollars. Liquid STEEM is one thing. exchange STEEM is something else.
I remember seeing your post. You're right. They are selling a lot of their liquid Steem, the vast majority of them in fact. It's true that half a million is a lot yet the price is holding on.
Steemit owns around 16 millions dollar worth of Steem according to steemdown.com and the daily volume of exchange is around 150k to 300k. Steem is way too interesting to be part of.
That's my excuse, anyway. :)
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