The current supply of STEEM tokens is around 252 million.
182 million is powered up.
70 million is liquid.
When you look at the top 25 Liquid STEEM holders they own 42 million liquid STEEM.
By far the biggest holder is Poloniex with 25 million liquid STEEM or 35%.
Poloniex has disabled withdrawals and deposits.
Anyone that buys STEEM on Poloniex can't send it to their account to power it up. (Reducing the supply of liquid STEEM.)
For me, Powering up is the main reason to buy STEEM. It's what gives a Steem token more value.
Buying Steem on Poloniex is therefore useless at the moment. But worse, to get it out of there you only have one choice. To SELL it for another crypto.
It's putting unfair (extra) selling pressure on STEEM in my mind.
I talk about it more in-depth in my Vlog.
Follow Me 
When you think about the reasons Polo would have for disabling Steem to be withdrawn while at the same time taking into account them being such a large holder of Steem, it's quite disturbing. The only thing we can do is get the word out and educate other users to steer clear of Polo and use other exchanges.
I agree that I believe Steem to be tremendously undervalued and as more and more people understand just how valuable holding Steem Power truly is, the demand for it will increase. I will be watching very carefully the actions of Polo moving forward in regards to Steem. It's can be looked at as a blessing as they are allowing us to accumulate more Steem at a substandard price, but on the other hand, they are preventing the free market from doing it's job and that is blatant corruption and manipulation. Thanks for addressing this subject, it's a very important topic and all members need to know what's going on and stay away from Polo. Have a great day!
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I LOVE THE POKEMON SHIRT!
Made me start having nostalgic thoughts of my childhood.
Those who bought steem at 7 cents, was probably the best investment that they have ever made in their life.
Everyone wants to have more steem power but with sites like Poloniex who keeps having problems with their wallets as you said causes the sell pressure to increase forcing people to sell and unfortunately driving the price of steem down.
Well at least in the long run the price will drive higher since as you said everyone wants to horde as much steem as they can as everyone wants to keep and hold steem in the power of SP.
Also thank you so much for your support on one of my recent post. You and many others are the reason why I love this platform so much and keep coming here every day.
Steem manifests my whole life and I hope it continues for the years to come :)
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Thanks for the information as always!
I've thought for a while that the volatility of the steem price is significantly driven by the quantity of liquid steem versus steem power, and feel more comfortable when the percentage is low, and falling.
It seems though that because of the vesting model, that the volatility in the price is much less worrying than it is for other currencies without a vesting mechanism.
We're developing some steem analysis tools and services you may be interested in too. I'd appreciate it, if you'd like to take a look. We're adding more every week, and any ideas are welcome too!
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These tools are great. Well done! I might talk about them one day is that ok?
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That would be great. Thanks!
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I have lost faith in Poloniex altogether and refuse to use them going forward. I've had an open ticket with them since 6/2 and they've yet to even make first contact. Almost 6k of BTS are tied up in a trans error for nearly 2 months. I've never had these issues on Bittrex.
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Thanks for sharing this Eric. I have been hearing more and more of these stories. Steemit is proving very powerful here (for me at least) to share/hear/collect these experiences.
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Poloneix have been an issue ever since I joined Steemit over 4 weeks ago. I cant believe anyone still uses them. There are serious issues there. They have never commented why Steem is disabled so regularly. I originally assumed it was due to HF19 but that's obviously not the case.
I will never use Poloneix again. there are alternatives which work perfectly well so why bother tasking the risk with such a shoddy company.
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I was addicted to PokemonGo game for awhile because I used to play it on my gameboy back in the day!
I stopped dealing with poloniex awhile ago, the only thing good thing I like about poloniex is their interface, its really easy to use and navigate. Unlike bittrex, which really annoying trying to buy/sell. I think indeed STEEM price will go in the long run, I figure that's what SBD is for (stability). STEEM power is indeed precious.
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I agree. Poloniex interface is very good.
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Very true, poloniex wants to manipulate the steem price for its own benefit... when we are left with the only option to sell steem for other crypto on poloniex, that steem will go directly into poloniex account, as a large amount of liquid steem holder, poloniex can easily play the dirty pump and dump game with steem price... All steemians should stop using poloniex now.
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Steemit is indeed growing and Poloniex is indeed interrupting it's supply. It's a matter of time when it would be over loaded with withdrawal request or pressure by users. Steemit is really doing great for it's users and I found myself lucky to be on this platform while it is still on growing phase.
Anyways I always have your support on Steemit @exyle, I guess. Lol.
And I am doing best of ability to survive here.
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Your shirt looks great by the way haha... watching the video now :)
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Thanks!
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I do not find a decent explanation of why they are always disabling the Steem and SBD wallets. This week I sent some SBD to poloniex while the SBD wallet was ok and after 2 hours they disabled the wallet and I haven't got my SBD. This is really annoing.
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Thanks for sharing this. I have been hearing more and more of these stories.
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diggin the pokemon shirt!
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Thanks! :)
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Yes, Poloniex sucks at the moment. They used to rule but now that they disabled withdrawals they really suck. But it can get only better from here :D
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Or worse :)
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Yes. Let's hope it gets better tho :D
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In this question I am wanting to believe positive. I'm trying to believe that this lock in the deposits and withdrawals from Steem / SBD negotiation of the price (To up) for the two currencies that will happen after August 1st. I want to believe that Steem will go for $ 10 after that date. I'm praying ... Amen :)
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Wow, I love the shirt. LOL Thanks for your input as I check with you most everyday.
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Also I wanted to withdraw yesterday a small sum, noticed Poloniex doesn't allow withdrawals at this time so i tried with bitrex. It turned out that they charge 0.001 BTC minimal transaction fee (around 2.5$! ) This is just wrong... But poloniex has 0.0001BTC fee so I decided to buy some Litecoin on bittrex, transfer them to poloniex and then again exchange them for BTC and then withdraw with smaller fee.
Saved around 1.5 USD with that maneuver :D
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I just POWERED Up more STEEM. I am such a positive believer in STEEMIT !!!
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Steem is currently the only coin I really believe it can grow exponentially in the upcoming months.
Do you think there is any other coin that can grow as big as Steem?
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At the moment no. I think STEEM has the most potential.
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It's hard for me to imagine $10 STEEM though...but maybe I could be wrong!
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it was hard for many to see $1 Steem when it was $0.10 :)
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Well I guess steem will probably not reach the 1000$ mark, but the 10$ or maybe even 100$ will be reachable, especially if we start getting some ad support or a way to provide services via Steem using the steem currency.
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Okay, here I'm just assuming and doom thinking. Is there any possibility that one of the big guns like Reddit Facebook Youtube see the potential of Steem, are afraid and can pressure sites like Poloniex? This way they can actually control prices of crypto's. For me it's very strange that one coin is disabled and another isn't. Can anybody explain that? Or is that thoughtprocess insane?
Cheers.
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I am kinda struggling to make money here so I feel bad because of what Poloniex is doing. May be you rightly pointed.
But in a different context you should wear this work and in public. :)
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I just hope they don't mess up the upcoming UASF, that would be the last straw.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Sqamemal from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
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Poloniex manipulation really sucks...
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POlo is the worstttt! It should burn already.
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That's a good post about steem prices
Poloniex i don't know what they think themselves.
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thats not cool.... i think it should be free flowing... good thing im not using it...
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☺☺☺
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Ive never liked the way that poloniex operates..
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Thanks.
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how to transfer dollars to bank ac?
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Hey ive used poliniex it like "temporary ..."what does it mean ..and great post
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I am not sure why poloneix is doing this. Anyways, you've got a great T-shirt.
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Ha what a suprise poloniex is a exchange i wil never use again after the last so called "oo the site is down".
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hello, nice post and upvote
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Still waiting for my Steem i withdrew about a week ago now. Not the whole world of money, but still, could buy some decent Steem power for it.
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Well, by having Steem traded on an exchange, it lets the market discover the value of Steem. Trading Steem against other coins quickly establishes what steem is actually worth, because Steem is essentially worthless unless we can trade it for something else. And the market is the biggest financial computer in the world that can quickly determine the value of something. It is vital information for anyone viewing Steemit as a financial opportunity.
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Upvoted and also resteemed :)
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This is a great grandfather *** Please follow us please and thank you ***
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♥
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I was using EOBOT to move Steem, now that I have a steemit account I finally have somewhere to move it to vice just trading it into other alt coins.
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