11.8 million STEEM powered up in the last 8 months.

in #exyle5 years ago

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I went back today to check some older stats on the powerdown statistics I used to track.

It's actually looking really good today.

Much better than I would expect or what people will make you believe.

Since February 2018 (beginning of the downtrend) till now a lot of users have been powering up STEEM.

Out of the 15 million new STEEM that was created in that 8 month period 11.8 million has been powered up.

And 'only' 3.1 Million STEEM has been added to the total liquid supply.


17-2-2018

source



31-10-2017


Screenshot 2018-10-31 at 08.39.31.png


These numbers show me that STEEM is still very much wanted and not that many want to part with it even though everyones account has been losing value almost daily.

Now when the price goes lower I suspect even less and less people want to part with their STEEM.

But buying it will be easier and easier.

Even right now we 'only' need someone with 65 million dollars to buy all the available liquid STEEM @ 80 cents.

Even though that sounds like a lot it's absolutely nothing in the grand scheme of things.

Value is created here everyday in a visible way. No empty promises or ICO's but real development and projects that work.

This has been happening even in the downtrend.

It's such an important sign.

In times of uncertainty and downtrend I always look for positivity.

These numbers, plus all the development on this blockchain, the active community and the future roadmap tell me everything is fine.

For me this is no time for selling, it's the accumulation phase.



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More good news on the Steem front. People need to keep making positive posts about interesting topics while the platform continues to expand. When Steem finally reaches the tipping point of mass adoption the early adopters will be shocked at the gains they will see. HODL everybody!

You got it!

Nothing like a bit of positivity to start the day :)

The accumulation phase is underway, and if the price goes lower, more and more buyers will be tempted in. Whilst it's not looking good on paper in the wallets, those that are here are collecting cheap Steem. Can we all hold it ready for the change in sentiment - I hope so!

Hey Asher! Nice to see you swinging by @exyle's blogs! STEEM ON! Friend, and happy accumulations!! ....HODL!!!

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love that point you made man. no hype. no schemes. no failed promises. no ico’s.

just a working blockchain with awesome people using it every single day. oh ya. and a ton of development too lol

Posted using Partiko iOS

Yes, it's that simple. All you have to do is wait and have fun.

That Liquid Steem is an increase of 4%. The Steem in the Vesting Fund increased by 6.3%. So yes, you are correct, Vesting Fund is increasing faster than liquid Steem proportionally.

@exyle, please help me bro. I am addicted to buying Steem these days...
Every time I power up, I keep on desiring even more to hit another milestone. 😅🤑

Haha! You caught the bug. I know the feeling well!

Cool beans !
Vesting more and more inadvertently keep less steem in the market.
We need buy and sell to continue.
More buying will push the price.
We need other use cases to make steem needed more going forward

Posted using Partiko iOS

Well that's some encouraging news indeed!! :)

This is totally why i enjoy returning to your blog @exyle! Long Live Steem!! Fundamental reasons why this blockchain is a good place to learn and use this new technology. It's awesome!!

🖤🕷🦗Happy Halloween🕸🐜🖤

The fundamentals are always pretty good for Steem. Now we wait for the market to realise this :)

The fact that the majority of Steem is powered up and somewhat restricted could lead to a demand/supply imbalance when SMTs get deployed as SP will be the fuel for deployment. Therefore, those projects will either have to incentivize delegation towards them or buy the little Steem available. Either way, this benefits those that have a stake.

Am also doing powerup

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