Steem Growth update: Powering up in January (and a bit of February)

in steem •  6 years ago  (edited)

At the start of the year I updated the powering up series I do to see what is happening to numbers across classes.

In December it looked like this where prices had dropped down to about 35 cents:

Which meant:

  • 52 more dolphins in the 5k - 50k range,
  • 11 new orcas in the 50-100k range, and
  • 7 more in the 100k+ range.

That was a pretty good result for December, but January is going to be a very, very interesting set considering all that has been happening in the Steemisphere with the biggest single influence being the Steemit Inc power down that likely triggered a bit of a panic in the weak of constitution.

So, what are your predictions? Who panicked?

Ooooohhhhh aaaaahhhhh.

Okay, one thing you might notice that is different from the December numbers is, look at the number of new accounts in the 100 range. That is 10x more than the month earlier. A lot of sign ups that are looking to get in on Steem while the going is good? Alts? 30 thousand in 5 weeks considering the state of crypto is pretty good regardless.

But, there are over double newcomers in the 100 > 500 SP range even after removing the 16 that moved from the 1000 > 5000 range. However, those 16 might have moved up too. as there are at least 47 newly minted dolphins. Congrats to them. While the numbers are switching between the climb to 100k SP, what is interesting is there are 11 new large orcas past that point and at least 1 new whale with the old 2016 account @ben, powering up two million Steem just 24 hours ago. Welcome back (?) @ben, hopefully you will have some fun with your stake here and use it wisely.

2 million Steem is worth about 650k dollars so I hope that means that in the last three years you have increased your wealth to 3+ million so that you don't go over that 20% rule @ben. But really, any financial adviser worth his salt would tell you;

"Invest into crypto? Noooooo! Don't be a fool Ben!!!"

Of course, it is hard to tell when these accounts actually powered up or down for the most part and whether they are still powering down if they ever were but, the next month or two will tell more. There are however a lot of discussions ongoing at the moment and it is an exciting time to be part of the blockchain. Seeing those 100+ accounts in the 1000 > 10000 range is very encouraging and I hope more are going to be taking advantage of the cheap Steem on the exchanges. For Steem do decentralize well and be able to support a broad spectrum of content and development, the middle class bands have to increase in numbers. There is some 70 million Steem on the exchanges, go get yourself some if you have a little to spare.

The more uncertainty of success there is, the higher the potential gain. The more unsure the masses feel, the more likely you are onto a winner. People like safety in numbers - and then wonder why they are average.

Taraz
[ a Steem original ]

Thank you @abh12345 for providing these numbers once again.

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Nice work tracking these important things.

I noticed just speaking generally as some of the oldies are leaving, new tribes are emerging (so steemit isnt dieing, just changing a bit)

Would love to see some form of profiling on the power ranges as well. Just not an easy thing to do.

If we profiled the needs and the wants by looking at the people in their SP power categories (perhaps using machine learning - or at first just some logic by looking at the things people do in these groups) we can learn allot about what makes steem/Steemit/Steem app great to them. Then some of the more powered up/invested people could try to help build communities in those ranges to max value of being on Steemit to those people. Just an idea.

I noticed just speaking generally as some of the oldies are leaving, new tribes are emerging (so steemit isnt dieing, just changing a bit)

This is the thing many people who have been here for a while don't recognise. They are comfortable and like it the way it was but in order for it to grow, it has to change by definition. People worry about the immediate costs to themselves without recognising the long-term potentials.

Would love to see some form of profiling on the power ranges as well. Just not an easy thing to do.

I have a post idea about this kind of. Imagine if in a few years there was a panel discussion with all the masks removed. Why did you do this or that type of questions.

I think that there is so much random diversity in crypto at the moment but when the institutional investors arrive in, there will be more clumping and profiles become more accurate.

I believe some smart investor said something along the lines of buy when others are fearful and sell when others are greedy.

We are not in mass chaos, but I do believe a certain amount of fear has kicked in around here and all through crypto.

Posted using Partiko Android

I believe some smart investor said something along the lines of buy when others are fearful and sell when others are greedy.

'Buy when there is blood in the streets', was one quote from a long time ago. Not an overly pleasant one. There is a bit of fear but I also think that those who have experienced it before (or know directly) see the signs of where we currently are.

the quote is a little longer then that but most do not know that:
buy when there is blood in the streets, even if that blood is your own (comes from Baron Rothshield and he should know)
but I think the second part is a lot harder then the first

Do not give into your own fears. I see most fears that we have these days as protection of our fragile ego rather than anything that threatens our life or limb. People worry about financial ruin so rather than take risk, live in poverty of many facets.

  ·  6 years ago (edited)

An even more important metric should be how many “unique” persons are coming to STEEM. If people would be able to see that it would be a very solid indicator of investment and stability.

Although this is always great to see.

Posted using Partiko iOS

An even more important metric should be how many “unique” persons are coming to STEEM. If people would be able to see that it would be a very solid indicator of investment and stability.

Yep but due to the nature of the platform, very difficult to achieve. What I do think though is that with all the new Dapps, people are making alts to utilize them without cluttering their feed. This is a good sign in two ways, firstly, people think they are worth testing and acting on. Secondly, it indicates that developers need to find ways for one account to utilize several apps without encroaching on each other. I might write a post about that later.

Hope to be able to improve with SMTs though. We need KYC, although people might refute the idea in masses.

I think mass adopters won't mind kyc for the most part, it will be the first in who don't like it. I am guessing there will be a way to mask identity and still have it confirmed. Maybe for example, a bank account verifier hidden behind something like keychain?

It will be interesting to see the continued statistical progression. Though it may not tell the full story. I do enjoy you covering this @tarazkp

It will be interesting to see the continued statistical progression. Though it may not tell the full story.

Definitely not a full story but tracking these kinds of things are little helps get different perspectives of what is going on in the system.

Wow
In the 3000-4000 range I am on of the 5 but then again I am one of the -6 in the 2000-3000 range if I read this right.
You would think it would be higher.

The 52 new dolphin is such a positive one. I have been working my way to that end. What a great time we are in to achieve this goal.

In the 3000-4000 range I am on of the 5 but then again I am one of the -6 in the 2000-3000 range if I read this right.

Yep, it is most likely that rather than those accounts powering down (in my opinion). Definitely a good time to be on the platform building :)

I have been watching and participating in the minnow power up league (@steemcommunity) and the pursuit to Dolphin status is a real desire. The wall of fame is a growing statue. A good measure of the growth of accounts. At least from my view.

The wall of fame is a growing statue. A good measure of the growth of accounts. At least from my view.

I think the league has done a very good job of retaining and encouraging users to engage and build. A lot of the first new dolphins are also active league members.

This is a real explanatory analysis. The price of steem is really affecting a lot of things on the blockchain

The price of steem is really affecting a lot of things on the blockchain

It affects everything on the blockchain, mostly though, it affects the people's attitudes and behaviors which in turn affects many other things.

Exactly, this needs a reform so as to put things back in place

I just got my monthly purchase done which is always excited to do as it gets me closer to my goals and allows me to support the newer users searching for influence and growth. I think this trend will continue given the great direction the community is driving development in the ecosystem. Look forward to what the future brings!

Posted using Partiko iOS

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