You are viewing a single comment's thread from:
RE: Exchange Transfer Report: 11/12/2017 to 11/18/2017
Great information! Thank you for sharing.
It's interesting to see such withdrawals at the same time Steem price is going up a little. Do you think users are taking it to trade/speculate on shorter term price movements, rather than divesting? Do you have any long-term charts plotting withdrawal ratios against price history?
If you go back through my old reports, you can find quite a bit of historical data on the exchange transfer amounts, but I don't know how well it correlates with the price data. That might be interesting to determine. I used to do really detailed breakdowns per hour on the exchange transfers but it was just too much work to keep up with organizing the charts and such.
Figuring out even just the averages week by week might be interesting though. That said, it also changes so quickly that a weekly average may not say much.
Yes, absolutely the weekly average won't capture anything, but plotted against withdrawal/deposit ratio it could show an interesting trend.
You're absolutely right about how much work that kind of analysis takes. That's why I was hoping you had something already. If I can find the time this week I might put something together... Ha! It's already hard enough blogging every day on top of a full time job.