10 / 11 / 2016 - 1:50 PM STEEMIT NEWS FLASH : Liquid Steem at all time highs today .
The total Liquid Steem today per my records stands at a record 10,344,727 total Liquid Steem . ( see chart # 1 )
CHART # 1
BLUE COLUMN = TOTAL Liquid STEEM
RED LINE = STEEM PRICE
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That's lots of steems!
Here are some major liquid steem owners;
steemit 5,560k
poloniex 2,750k
blocktrades 188k
bittrex 686k
alittle 128k
aurel 98k
openledger 56k
total 9,466k steem
about 91% of total liquid steems
So it's all on the exchanges....
So the cheaper it gets the less people power up. That is not good news.
Wouldn't it be nice if something like this happened to restore the investors faith in the currency and future of the project?
https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/
No divergence here with steem price.
I would have to agree maarnio
Buy more if you have balls. Haha.
The number of steems that will need to be sold to pay for SteemFest (beyond event costs ... think about all of the people cashing out to pay for travel, accommodations, etc.) seems capable of accounting for 10-20% of this current volume (and perhaps more, if major stakeholders are getting positioned to bring in new big investors).
I expect the token price to bottom out as SteemFest begins. If the event goes off without a hitch and effectively garners public attention/excitement, I imagine we'll see a nice bump up in the token price, followed by crazy volatility, followed by a slow ramp up beginning around the end of the calendar year as improvements to the site and new projects are rolled out.