Please @steemit, let the STEEM price to breathe a little for some time…
@toofasteddie
Complementing @exyle ‘s post this morning and taken the data provided by @penguinpablo in his weekly reports, the following are the charts related with the amount of total STEEM SUPPLY and the amount of LIQUID STEEM STORED at the EXCHANGES since the beginning of the year:
The amount of LIQUID STEEM into the exchanges is still growing despite it seems that the curve is getting flatter , this quantity is so big that the price seems to be stagnant and sometimes even worse because, even if the general trend on the market is positive, STEEM seems to lose value in relation with the rest of the cryptomarket.
Why STEEM is losing continuosly price while BITCOIN grows?
Have a look to the following STEEM/BTC price, from beggining of the year till now…
…and now have a look to the massive entrance of 14 Millions STEEM within only 3 weeks by the end of January till mid February, starting just after the peak of the 22nd of January:
Steemit and other wales have been sending massive quantities of STEEM to the exchanges, and I guess they have been selling them in a very planned mode, not in one shot because it is impossible since Buyers are not sufficient to absorb such quantities…actually, what we have seen since early March till a couple of weeks ago is the STEEM/BTC continuous decay due to 14 Millions STEEM deposited on exchanges on February…
One positive signal can be the following:
Take the last month of STEEM/BTC chart and identify on which weeks we have more and less STEEM deposits at exchanges:
Same with the STEEM/USD pair:
For me it is a clear indication that there are STEEM BUYERS outside. But do you think they are sufficiently stupid to buy STEEM knowing that a whale monster as @steemit is permanently powering down and increasing the amount of STEEM in circulation at the exchanges week after week?
…and I wonder…
if MIRA has been already released 16 days ago…should not be the Costs of running the blockchain be reduced drastically?
Why @steemit is keeping apparently the 400000 STEEM per week Power Down Process and sending the full amount to an alternative account AKA @gsr-io which is at the same time withdrawing more or less the same amount to the exchanges?
Would not be a good time to inform about the real costs reductions dear @elipowell ?
Please, let the STEEM price to breathe a little for some time…
@toofasteddie
P.S: After having checked the top 20 STEEM witnesses, I found that still some of them are Powering Down, but I learnt as well that even if we would sum all the witnesses weekly earnings and we would “throw it” to the exchanges, this amount would be very little in comparison with the amount that @steemit itself is powering down… anyway, I am still thinking that a general STOP POWER DOWN EVENT should be very positive for the sake of everybody here and for the project in general so, my selection criteria for witness votes will take into account that requirement as well…for the moment.
Thanks to @crimsonclad and @svemirac for the constructive discussion on the topic in my yesterday’s post.
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Having a solid tenant screening process is important, but we also want to make sure that the application we are reviewing is legit in the first place.
Now, if you have property management screening tenants for you then these are some things they should be doing already. For those self managing let’s discuss a few points in particular as we can be a more desirable target for the
Well if you enjoyed trading on the binance platform and are a U.S. residents – that fun is over. News today hit that they will be blocking U.S. residents from trading on the platform come September 12th, i.e, you have 90 days to get in compliance.
You will still be able to withdraw funds after that time though.
The coming margin option make this not a surprise
Recently Binance announced they will be offering margin trading, which basically means you can leverage your holdings to “borrow” money to trade larger positions.
This opens up a whole new can of worms in the world of
Yesterday I wrote this post on which I wrote that we should consider the option to start a campaign similar to the STEEM POWER UP DAY aka #SPUD but in the inverse way in order to see and quantify what is the effect on the steem PRICE if we manage by at least a couple of weeks to stop feeding the exchanges with fresh STEEM.
I have called it the STOP POWER DOWN MONTH aka #SPDM and I think the effect can be beneficial for every body, including witnesses and whales because if we create scarcity we would have a lot of chances to see STEEM growing at the CoinMarketCap.
Despite I am pretty happy with my list of selected/voted witnesses, I am going to start doing my particular campaign by removing my witness votes from those witnesses within the top 20 that keeps Powering Down.
For your information the following is my current list of witnesses:
@abit
@actifit
@aggroed
@arcange
@blockbrothers
@cervantes
@coingecko
@cryptopassion
@curie
@dragosroua
@drakos
@emrebeyler
@fyrst-witness
@good-karma
@gtg
@holger80
@klye
@lukestokes
@mahdiyari
@partiko
@pharesim
@quochuy
@roelandp
@steemitboard
@steempeak
@steempress
@swisswitness
@themarkymark
@therealwolf
@yabapmatt
I am going to analyse each one of them, if you are within the first 20 top witnesses and you still keep powering down I will remove my vote on you, at least temporary.
It could be great to know as well the opinion of the witness community…hope they comment.
It would be great if more steemians follow also this campaign, if you agree with me RESTEEM would be appreciated.
Just, keep using your witness votes doing an important work.
Steem on!
This series is simply being created to show that there is risk in ALL investale assets, not just altcoins and crypto. The recent trend by the government and regulators is that alt coins are exit scams that are being made to raise money and then stealing the hard worked coin from the moms and pops who do not do their do diligence. Well guess what? This is not an isolated incident. ALL INVESTABLE ASSETS HAVE RISK…even the regulated ones…
Noodles and Co.! What a garbage stock. This stock went public in June of 2013 and opened at the STRONG price
Blue Apron folks. This is your garbage IPO if the day. This company went public in June and 2017 and within its first two years of trading it has lost investors…93.5% of their investment if they bought the opening print. This is a classic example of a garbage company, going public because it needed the money to stay in business. Remember folks there is one main factor that ANY company will go public.m, and that is because of the money, whether a need or a want. APRN is not trading at $0.65.
There are many IPOs that are like this
…and the history repeats again and again lately…BITCOIN corrects, STEEM shyly grows, BITCOIN stand up then STEEM goes down…Only yesterday STEEM was growing at 7% rate a day, while BITCOIN was stuck a between -2 and +1% rate, actually STEEM managed to recover from the 64th position to the 54th in a short time and it was really encouraging to see that good signal….
And now, we are back to the start, defending the former position in front of altcoins as the “very well-known” SOLVE or the famous THETA:
Of course if BITCOIN grows strongly, it pushed all the market prices, including STEEM but the thing here is that STEEM does not manage to grow at the same rate, even more, it used to decrease a little in relation with BITCOIN, which indicates that people sells STEEM for BITCOIN, continuously…
Since early April, we have a clear and solid resistance level placed at 0.45 USD. This level has been touched more than 5 times since then, and every time we get a rejection downwards.
50DMA and 200DMA weirdly travelling following the same path…no jumps, everything under “control”…
@steemit , @ned , the majority of the witnesses and some other major whales squeezing the lemon in a “controlled” way, while we, the “dreamer” steemians that still keep being active, try to squeeze their brain while searching for more options, more newcomers, more attention at tweeter, facebook and at everywhere… creating the SPUD day, promoting the Seven77 Challenge, creating palnet.io…
… A few hours ago, I have read a post from @klye which has been bombarded with a massive amount of downvotes of flags or whatever the name they want to use…a very sad situation indeed.
The post title is: “Power Down Halted… Time to Get Back to It!“
@klye is not only a witness but also a skilled developer, well appreciated, at least in the past, by the developers community at STEEM. This witness fellow decided to stop POWERING DOWN his STEEM stake and so, quit from feeding the exchanges with his “modest” STEEM extracted from the Power-down process…
In my opinion, that’s the kind of commitment I would expect right now from a witness…that’s why I am going to sacrifice one of my 30 voted witnesses for him…
I wonder what would be the price of STEEM right now if the biggest accounts would also halt their Power Down…
What would happen if all of them stop feeding the exchanges for, let’s say, a couple of weeks or so?
Would it be positive for STEEM to recover?
Would STEEM move within the 30 first places of the total market cap? and, if so, would not be a major attraction for investors to come?
I think YES.
Please, think about and resteem this post if you agree…
@toofasteddie
So here we are again at this price level that has become a sticking point for some time. We will see something new or more of the same?
Pendulum of Price
Looking at the daily chart of steem we see that this 40 cent area has been are line in the sand. Price closed above 40 cents a couple days ago and currently remains above it.
The real question is can we form some kind of base here to see possible price appreciation into the 50s.
Back in April it looked like price was firmly established above 40 cents and our upside wad near
Old men watching over the younglings.
| Category | animalphotography |
| Camera ~ Lens | Nikon D3400 DSLR ~ 18-55 mm |
| Location | Australia |
Prompt / Theme: It’s your turn ?… Suggest the next Prompt / Theme I should request in my next giveaway ?.
Giveaway ? – 2 winners
Prize A: 1 Steem Basic Income share
Prize B: 2 PAL Tokens
Winners will be chosen randomly after post payout. If you would prefer a certain prize, please specify in your response, otherwise I may decide for you 🙂
Thanks for having a look ?
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