More than 1 million STEEM was withdrawn from Poloniex yesterday!

in #steem7 years ago

Welcome to my Steem Stats Report for Thursday, September 21, 2017. All data comes directly from the Steem blockchain and is based on UTC time.

I've added 2 extra charts to my report today about the activity on Poloniex. Over $1.2 million US dollar worth of STEEM was withdrawn from Poloniex yesterday.

1. Daily number of Posts (including comments)

DatePosts
2017-09-2095,534
2017-09-1995,225
2017-09-1893,796
2017-09-1782,441
2017-09-1678,991
2017-09-1595,381
2017-09-14102,561

2. Daily number of votes

DateVotes
2017-09-20393,642
2017-09-19396,667
2017-09-18354,670
2017-09-17335,284
2017-09-16318,786
2017-09-15361,108
2017-09-14349,770

3. Daily active users

DateActive users
2017-09-2028,600
2017-09-1927,141
2017-09-1827,789
2017-09-1725,474
2017-09-1624,645
2017-09-1525,914
2017-09-1426,280

4. Posts + Comments per post

DateAverage # commentsPosts
2017-09-202.9824,012
2017-09-192.9224,270
2017-09-182.9323,888
2017-09-173.0120,583
2017-09-162.7820,875
2017-09-153.0323,671
2017-09-143.1224,901

5. New accounts created

DateNew Accounts
2017-09-20744
2017-09-191,194
2017-09-182,273
2017-09-17387
2017-09-16582
2017-09-151,535
2017-09-141,950

6. Daily Amount of SBD converted to Steem

DateAmount in SBD
2017-09-2010,177 SBD
2017-09-191,512 SBD
2017-09-186,182 SBD
2017-09-1711,077 SBD
2017-09-1617,381 SBD
2017-09-1528,387 SBD
2017-09-1487,901 SBD

7. Daily Amount of Steem Powered UP & DOWN

DatePowered UPPowered DOWNDifference
2017-09-20194,189 STEEM474,868 STEEM-280,679 STEEM
2017-09-19120,241 STEEM175,248 STEEM-55,007 STEEM
2017-09-18118,603 STEEM132,313 STEEM-13,710 STEEM
2017-09-1793,521 STEEM93,575 STEEM-54 STEEM
2017-09-16102,229 STEEM72,741 STEEM29,488 STEEM
2017-09-15260,946 STEEM527,812 STEEM-266,866 STEEM
2017-09-14248,741 STEEM149,041 STEEM99,700 STEEM
Average p/d199,097 STEEM242,814 STEEM-43,717 STEEM

8. Daily Steem Transfers from and to exchanges

DateFrom BittrexFrom PoloniexTo BittrexTo Poloniex
2017-09-20136,755 STEEM1,162,393 STEEM526,077 STEEM9,160 STEEM
2017-09-1929,950 STEEM313,486 STEEM317,619 STEEM238 STEEM
2017-09-1844,937 STEEM0 STEEM170,448 STEEM0 STEEM
2017-09-1730,269 STEEM0 STEEM107,310 STEEM0 STEEM
2017-09-1686,876 STEEM0 STEEM38,682 STEEM100 STEEM
2017-09-1568,109 STEEM0 STEEM146,541 STEEM0 STEEM
2017-09-14104,262 STEEM0 STEEM191,827 STEEM0 STEEM

9. Hourly Steem Transfers from and to exchanges

DateFrom BittrexFrom PoloniexTo BittrexTo Poloniex
21-07:000 STEEM0 STEEM0 STEEM2 STEEM
21-06:00283 STEEM805 STEEM1,174 STEEM89 STEEM
21-05:0089 STEEM3,751 STEEM2,011 STEEM568 STEEM
21-04:00156 STEEM9,841 STEEM7,862 STEEM90 STEEM
21-03:004,235 STEEM6,989 STEEM2,173 STEEM23 STEEM
21-02:001,120 STEEM4,483 STEEM5,070 STEEM3 STEEM
21-01:00434 STEEM29,246 STEEM28,765 STEEM0 STEEM

10. STEEM stored on Poloniex

11. Steem Price Update

Steem Price Update.png


¯\___(ツ)____/¯ Follow me @penguinpablo for daily Steem statistics.

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Great info

Thank you, @penguinpablo for the useful stats.

Noteworthy:

1- 1,162,393 STEEM withdrown from Polo. If it was transferred to a Steem account, then that is great. It would be great if someone can check it.

2- 474,868 STEEM of power down on one day! That is really bad. Most probably, this amount is going to be sold, causing high pressure on the price.

Based on the prices of the other cryptos, it looks like sustained selling by many. Each time BTC goes above $4,000 the big sellers would appear. This serves to dampen the mood and confidence of those holding other cryptos. STEEM isn't immune unfortunately.

Being a trader, I'm playing safe too. Although I'm not selling STEEM, I'm not buying either. Usually I'd add STEEM whenever the price goes down. But not this time. Instead I'm converting my unused BTC to USDT for the time being.

Those are uncertain times. Maybe what you did is wise!

Will only know whether it's wise or unnecessarily over-cautious in retrospect. After the facts. I suppose each of us will have to come up with his/her own general strategy in handling these coins and volatility. There's no "One size fits all".

This particular strategy suits me, my particular psyche. But others may have more nerves, or can afford to risk much bigger sums. So their strategy and approach should be different.

For now, or at least over the past several days, converting part of my Bitcoin (meant as capital for trading) to USDT was indeed a good decision. Had sold these at around $4,000 - 3,900.

With the market like this, having USDT instead of BTC sure helps to calm my nerves. It's no fun seeing BTC going down near to the $3,500 level...with the possibility it might go lower still until it finds a new footing.

Does tether seem shady at all to you? I guess I dont really understand how a blockchain can make units available and unavailable as to be perfectly aligned with usd on multiple coin exchanges... Honestly I like your strategy, and from what I can see there are four options - buy usd on bitfinex, buy tether, buy golos gold, buy steem dollar - but again , aside from the first option - i dont understand how these units regulate... - Anyone?

I don't know about "shady", but I'll admit there is some concern. Unlike Bitcoin, there's the counterparty element at play here. Holders of USDT and similar are banking on the counterparty to make good their undertakings.

Sure, they might be in the position right now. But what about the future? When push comes to shove, they will be taking care of their interest first and foremost. Obligations might only be partially met, renegotiated...or not at all where they abscond. Leaving holders high and dry.

This isn't "real US$" - regardless of what one may think of the US and other governments, they have real power and access to various resources. With US$, euro, yen and other fiat, holders will "get something" although the value might be less.

So, despite having some USDT, I regard this as just a temporary measure for the immediate and short term. After this I will either buy back BTC and keep; or send it to an exchange where I can sell for Malaysia Ringgit (because this is where I'm living).

Golos Gold... I've heard of that name before. Thanks for mentioning it. I will do some research and see whether it can also be a convenient and reliable alternative during moments of turmoil in the crypto market.

At the Tether website, the proponents/counterparty says all USDT is backed by the same amount in US$. There's also a link for holders and interested parties to check on this and audit.

All well and fine I suppose. But I'm wary when it comes to money. Especially in today's market where holders live throughout the world, as with the issuers and proponents. Should something happen, it's not like we can drive downtown to some office and demand to see some officer.

Be your own bank, as with the slogan at Blockchain.info (I think). When that's the case, WE have to make allowances for the security of out assets too. For now, USDT and its kind look okay enough. But I'd remain cautious and not place too much trust in them.

Instead I'm converting my unused BTC to USDT for the time being.

USDT?

US Dollar Tether - "Counterfeit US$" :) If I'm not mistaken, it's a service started/backed by Bitfinex. Not fully sure though.

But anyway it's a convenient option for crypto market traders during times of market turmoil. Especially those without a US$ bank account. Exchanges like Bittrex etc. offer USDT which can be bought or sold with Bitcoin and several other coins. Ethereum, Dash etc.

So it's a pegged currency like $BD and bitUSD on BitShares. The question is how closely it follows the 'real' dollar ;)

At the moment, not far off. In fact it has been fairly comforting to me over the past several days, to not be bothered too much by BTC's price. The USDT 's value remains more or less the same.

However, I do have other cryptos too besides STEEM in my portfolio. So if the general trend is downwards, the overall portfolio value declines too although having USDT does help to mitigate.

Nice, I think it is time to buy BTC however now that it is so low. Or do you have doubts any crypto might overtake it? Would be interesting to see what @Clif High says, he's not active on Steem, crazy stuff he says on YouTube, he has some webcrawler bots and I think uses Machine Learning to do sentiment analysis.

Regarding HODL there's this trader on #Dvideo making a lot of money buying low selling high so..

Either the steem went to a personal account or to annother exchange. There is no third alternative. Or am I wrong?

Wish there was a hardware steemwallet!

This comment has received a 7.50 % upvote from @lovejuice thanks to: @sadekj. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!

Great information and this is really good to see. Hopefully this trend continues. This should have a positive effect on the long term Steem price. Also, very good to see the daily active users so high at 28,600. I wonder if that's a new record high? Everything for the most part is moving in the right direction and eventually should attract some investors.

Yes, it's a new record :)
Slightly higher than 28,144 active users on August 31.

How can SBD be converted to Steem except from the inefficient promoted service?
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I don't like the trend of the user stats.

Total posts are trending down. The number of comments per post is trending down. Power downs are trending up.

Active users and voting numbers are trending up, which may likely be increased automation, based on the actual posting stats. Only 7.5% of the nearly 380,000 accounts are "active users" - and we know that a large portion of these "active users" are bots or accounts that use some form of automation, unless voting alone doesn't count as being active.

We seem to always see this when prices are dropping or have dropped. If Steemit is only attractive for users when prices are higher, then we have a problem...still.

Toxic. I knew you still had it in you.

Great thread. Good to see some different perspectives on this. .. Can I ask what types of abuses were exploited in the winter and spring?

I think you're right. Sadly...

Here is a weekly chart of the number of posts in the last 5 months.

We're not really growing anymore. On the other hand, the weekly number of posts is still much higher (+10x) than in the beginning of this year. But I agree we really have to do something to fire up the growth again.

Well, we have the same old problem. The site apparently isn't worth using except for the potential rewards. And even that doesn't do a good enough job of retaining users.

But what did we see from Steemit, Inc. today? A change to the welcome page that only focuses on the money-making aspect of the platform, probably thinking that the money alone is the big draw here. They're obviously not getting the hints or just don't understand what the hints mean.

Steemit Inc. seems to be focussed on easy on-boarding processes and on promotion to increase the total number of users, while ignoring user experience and user retention, and the image of "scheming at the top, pennies at the bottom" that, true or not, is spread by disgruntled users.

Some expectation management (you mentioned elsewhere), a better Steemit with more social-media functionality, measures to reduce the number of slippery, scheming reward-pool rapists, and a more flat income distribution where eventual income is less dependent on how much you already have or even a cap on maximum pay per post (filthy socialist, me, go on, say it) would go a long way to reduce the number of disgruntled users who don't do Steemit's image much good even if they are wrong.

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Well the new users are not investing in Steem so I don't think that it is a bad thing. Got it here: Steemit’s Three Major Problems

I am a new user and I invested in steem power. I believe the biggest value of the platform is that I hold the keys to my digital online presence. I am using this place to connect with new people and telling all my friends I found a new digital home. I gave up posting in the other platforms and being forced to view ads. The part that it pays you some rewards instead of some shareholders that adds no value is a bonus. It is not the easiest system to use but then again neither was the internet in 1993.

Thanks, that's a good comment! Internet in 1993, yeah Steemit is a bit sparse, I miss friends-feeds and some niceties which you could have with Machine Learning, I also miss that you cannot message anyone, that kind of sucks but I understand its abuse potential.

What I'd really love if Steem could be extended by the community, to have a Reddit and Quora, WikiPedia etc. That would be really interesting! Thanks for commenting!

Thank you for the reply. I want to see voice replies and am working on the idea. There is something magical about the voice and I hear some of you on whaletank and I feel more of a connection. I see infinite possibilities.

dont witdrow, it will rise! stay with steem!

1 Million Steem withdrawn, that feels like a massive power-up happening in an army of whales. So much power, so much might, it feels a bit scary for a small minnow like me...

But it seems the problems with withdrawing from polo is definitely a thing of the past now, so that's good :)

upvote and reSTEEM

To where did they withdraw it? To their steemit accounts?

In most cases to their Steem wallets. Some moved it from Poloniex to Bittrex.

& Steem is at the bottom, imagine if a rise occurs..

Wow this is fantastic

Very useful data, please keep posting,

Followed, upvoted, resteemed.

So who have this 1 million?

Poloniex owned it and now it has returned to the Steem wallets of the people who withdrew it.

Great. So most is likely to be powered up!

That is not exactly good because more money will be pouring out of the reward pool.

I would expect money taken off the exchanges and heading into wallets to be better for the reward pool?

Nice post and stats man.

pocketsend:1001@penguinpablo, ;)

Successful Send of 1001
Sending Account: badbeth
Receiving Account: penguinpablo
New sending account balance: 936994
New receiving account balance: 1100
Fee: 1
Steem trxid: af74466b428c29c0f1281b80695f50609f796a46
Thanks for using POCKET! I am running this confirmer code.

Keeping an eye on Steemit stats nice full breakdown of charts, thanks @pengiunpablo

Sorry I am noob on this stuff.

When you say Over $1.2 million US dollar worth of STEEM was withdrawn from Poloniex yesterday is that good or bad for steemit?

Is it withdrawn from Poloniex and transferred away into Bitcoin or other crytpos, or is it transferred from Poloniex into steemit?

Presumably the former is bad and the latter is good?

Thanks

It is very good, because Poloniex held that Steem hostage. Some of it is going to be used to power up, some of it will be sold. It is a very good thing. I don't think Poloniex will see much incoming Steem in the next few weeks though.
Very glad this problem is solved. It can only benefit the Steemit community!

Transferred to Steem accounts. I think there are several arguments you could make for it being a good thing, yes.

Thanks penguin, I am going to shut my Poloscam account.

Thank you very much for taking this information @peguinpablo
it is clear that there is a lot of movement around STEEM which I personally like a lot :)

VERY INTERESTING ..FOLLOWED !!!

Interesting set of charts! Do you draw any conclusions from them?

I may be reading waaaaaaay too much into what is a fairly short time period, but I see:

Graph 3: Number of daily active users showing a slow uptrend since July

Graph 1: Daily number of posts showing a slow downtrend since July

Graph 4: Comments per post showing a marked dip during August

A bit of an extrapolation and could all be due to chance, summer vacation and multiple other factors, but with my very very very very very positive hat on I wonder if

  1. The growing active accounts are people that join, post good content and stay, and
  2. The declining posts and comments are because these 'good'accounts post quality rather than quantity, and the amount of spam posts/comments is decreasing

Not sure I see too much anecdotal evidence of that mind…

Cheers

Holbein81

Great info I guess a lot are getting Steem off polonex after it was stuck there for so long

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See the full rankings and details in The Daily Tribune: Sep 21 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

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So out of all registered users around 30k are active on Steemit?

That's right.

always nice to see the stats from you, you are truly a valuable asset to the community. about poloniex, is that a good thing ? was it poloniex itself? I mean the more volume the more stable the price gets right? Or is somebody suddenly a whale now ?

Keep up the good work.

I like it but why put in the difference and average?

@penguinpablo
Thanks for the Steem stats report. I am just a beginner only 20 days old in the Steemian World. These post help me to understand Altcoins and Market share. @theprettysoul