Every two weeks or so I like to compare the current power-up statistics and see how we stand.
Here they are:
10 October 2019
| STEEM | Amount |
|---|---|
| STEEMPOWER | 206,2 million |
| LIQUID STEEM | 121,6 million |
| SBD | 7,5 million |
Virtual Supply ≈ 364,267,370 STEEM
24 October 2019
| STEEM | Amount |
|---|---|
| STEEMPOWER | 207,0 million (+0,8 million) |
| LIQUID STEEM | 122,2 million (+0,6 million) |
| SBD | 7,4 million (-0,1 million) |
Virtual Supply ≈ 365,858,696 STEEM
The trend we were in with the liquid supply of STEEM going down has ended.
The amount of liquid STEEM has gone up this rapport with 0,6 million STEEM.
It's not all bad though, another 0,8 million STEEM was powered up too.
Inflation is still correct with almost no SBD conversions going on.
The feed price for optimum conversion is now 20 cents.
Remember that the Feed price is not the same as market value of STEEM.
Feed price is used when converting an SBD to STEEM.
Almost nobody is converting right now because it's pointless at 12 cents STEEM but when STEEM decides to go back up, I hope we blast passed the 20 cents mark and not linger there, otherwise, many more millions of STEEM will be created through conversions.
STEEM price has gone down in USD value with Bitcoin going down.
One small positive is that the Satoshi value of STEEM seems to be stable since the beginning of August.
Around the 1600-1700 sats lvl.
Besides the STEEM price going down, this rapport is pretty decent.
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Get it Here:
Steems become an even bigger mess than ever. With a market cap the continues to dwindle into nothingness. It's a shame there are higher ups in this community that feel we are honestly on the right track. Your market cap and your big investors clearly say otherwise...
I just powered up a couple hundred a week or so ago. I know it is really just a drop in the bucket, but it goes a long way towards growing my account. I was pretty excited to cross the 7000 SP mark with that power up!
Congrats on crossing 7k!
what's the use of all these when people are leaving the platform just because of flag wars
others will take these places
That's not the only reason.
When a noob comes in and sees these 50 word + image posts getting hundreds of dollars while their posts that are actual quality might get .003 cents in upvotes, that is a psychological barrier that will cause most minnows to just drop off because the effort to payoff is relatively non-existent.
Add to that the loss in crypto value in general.
Add to that the fact that Steem doesn't really have any form of useful 'market', the only thing to buy with steem is dollars.
I'm too deep into steem to turn back now, every satoshi I can get my hands on I'll take it lol fast approaching 7k SP and powering up everything! Gotta get while the getting is good I don't want to FOMO as I did in the last bull run when I kept buying on the up, yes I made profit but if I was more aggressive in the winters it would be better so that's what i"m doing now
I think it is very good for STEEM.I have a question sir.Is there any possiblity to touch the price of steem $1 ??
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Very nice information,
I’m about to cross 6k of SP. that’s awesome. And still investing my money to get more Steem and continues powering up..!!
Posted using Partiko iOS
Since September 16 a total of 4,797,406 steem has been powered down but 8,071,648 has been powered up, that is net positive of 3,274,242.
Recent attacks by the gang curangel + pharesim + acidyo recently is not going to help.
People I interacted with almost daily jrcornel, cryptopassion, kingscrown… are attacked by this mafia, already in top witnesses. They asked: either you stop or you delegate to curangel (that is extorsion).
Why? Because some of them upvote each others automatically because they like each others contents (which is good).
What's funny is that they do the exact same thing (upvotes to friends).
Most are thinking of just leaving (they've been there for the past 2years +!!!). You will get with these people leaving 2mn + liquid steem in the coming weeks ! And they were here for years !
This is wrong. I am also thinking of leaving, there is just a big mafia on top. you can Promote as much minnows you want, if nobody buys steem (most minnows from india and co won't buy Steem) therefore your price will not go up. Your price went up because of the previous people I mentionned that INVESTED and CREATED content.
No one is going to leave...and the people you mentioned are not a gang..c'mon....
I do believe though that this downvote obsession isn't what we need in order to attract new people here. We should focus on promotion rather than civil wars...
I Believe the latest datas from @arcange tell otherwise…
And look, I just expressed myself and got a downvote. I can feel that I will be a target very soon. We'll see. People I mentionned have been the past 2 years. From 0.2$ to 7$ back to today 0.13$....