Incorporating new weekly data from yesterday's @penguinpablo post.
This week seems that we have managed to increase the amount of Liquid STEEM deposited at the exchanges by more than 800000 STEEM again...
Previous week the Value of Liquid Steem deposited at the exchanges was 112,938,418 STEEM
Current Week is: 113,769,695 STEEM
Difference: + 831,277 STEEM more than last week
TOTAL STEEM SUPPLY:
TOTAL LIQUID STEEM DEPOSITED AT THE EXCHANGES:
CONSEQUENCES?
BITCOIN:
STEEM:
STEEM/BTC:
Congratulations to all the big accounts doing a recurrent weekly power Down and withdraw process in a weekly basis and more in particular to our @steemit friends and associates as @gsr-io which this time has withdrawed only a little less than 200000 STEEM to the exchanges which is great!!!
...and still there is people thinking that this process does not affect at all to the STEEM Price, LOL...
Please, let the STEEM price to breathe a little for some time...
STOP POWER DOWN.
Posted from my blog with SteemPress : https://scrips.io/blog/toofasteddie/stop-power-down-month-spdm-another-week-another-800000-steem-more-added-to-the-exchanges/
Panic time in market and at the same time witness and steem team is testing to new hf21. This is so high risk during this market cycle. Because this hf confuse to mind of community member. And now bitcoin fomo is high. Then many people feel self in panic to sell steem to buy bitcoin
Really so hard time and i hope we can overcome that
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I hope too...if they let us survive
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You got a 100.00% upvote from @upyourpost courtesy of @cryptoewp!
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I will never understand why to keep steem in exchange and not as steem power, which work for you and make you more steem
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There are so many changes with HF21, too many at once!
This is the pattern of last year and HF20.
It’s almost as if they are hell bent on crashing the price.
There is a part of me just wondering if this is just a plan to crash the price of Steem so whales can buy up some cheap.
I believe in Steem, I am powered up, and I am setting myself up a buy order so that when the HF21 bomb drops, and it will.....I too will pick up Steem on the cheep
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It certainly could be...
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I want them to power down faster.
It is clear that what we have isn't working, they can play with the math, but it doesn't stop 800k sell pressure from Steemit inc. With no end in site there is no reason to buy and no reason to be a bag holder for them. Let them sell so we can get a better distribution and start to rebuild.
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I agree with you...but they still have 32Millions Steem...think about it...this is going to be a very long process, much longer than you think
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@toofasteddie - this is good analisys and clearly shows the main cause of why steem seems to be bucking the trend right now.
However the more urgent question which comes to my mind and needs to be asked is WHY are the 'big boys' selling in such high volume right now.
Historically speaking STEEM should have good upside potential and the mass sells have a very real possibility of making huge % gains waiting and delaying the sells, … or do they know something we don't ? ……
In a free market you would only see action like this if the outlook didn't look too rosy. (dumping shares).
In this eventuality asking people to let the steem price breathe is aking to appealing to peoples charitable sense and is not really sustainable. if people don't believe they that the outlook is great they will just sell, … let the next person be charitable and take the hit. hope that's not too negative. :-|
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They simply don’t care about the price, they sell just at any price...that’s why is impossible to recover...as @whatsup said, the sooner they finished and run the better, the problem is that the market cannot absorb the high quantity of Steem nowadays...and a second effect is that investors see Steem as having more problems than the actual problems. Would not be good for the whole Steem project to let it grow a little and then sell at a higher price? Of course yes.
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Wow,it gonna be a big things in steemit/steem.Keep up.
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Steem continua a galleggiare intorno ai 40 centesimi di dollaro, non riesce a decollare, è un peccato non riuscire a sfruttare questo rialzo generale delle criptovalute
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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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Hi @toofasteddie!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.494 which ranks you at #1979 across all Steem accounts.
Your rank has improved 182 places in the last three days (old rank 2161).
In our last Algorithmic Curation Round, consisting of 188 contributions, your post is ranked at #18.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
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It has been determined that you are trash, therefore, you have received a negative vote.
PLEASE NOTE: If you engage with the trash above you also risk receiving a negative vote on your comment.
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