Proof is in the SPUDding - [steem] [stats]
The Steem Halvening??
It has been about 5 days since the first ever SPUDay on May 1st, 2019. In my opinion it was a huge success and the support given to this initiative by the Steem community was amazing. Steemians rallied as STEEM POWER UP DAY approached, and what was a small snowball grew into a bigger snowball, and then an Avalanche of Steemian Support. Truly something to behold.
Many Steemians have asked for stat numbers to help give them an idea of what kind of effect SPUD had overall on Steem. Since there are much bigger outside forces, in general, in the crypto-trading-world, the Steem price did not reflect the success of SPUD. Yet as I posted in a prior article, SPUD did have a small but measurable effect on Steem price around the days of SPUD. Now, here again, are some numbers provided by @penguinpablo in regards to the Steem network. This time it is weekly Steem stats, with SPUD happening on the 17th week.
According to these numbers, we do see that Power Downs have been continually out numbering Power Ups. Starting at the bottom of the stats, we see that week 12 had the biggest deficit with a negative -743,755 Steem. The following weeks were slightly better but Power Downs were still severely out numbering Power Ups, with Week 15 still ending with a loss of -678, 055 in Steem Power. Then, as SPUD approached, we start to see a big change in the numbers with Week 16 showing a negative loss of Steem Power at -294,907 STEEM. For the Week of SPUD the numbers improved slightly more with a loss of Steem Power coming in at -260,747.
Could the Power Down out numbering Power Ups trend be about to change or reverse itself?
Could this chart, that I have now posted 3 times (hint hint), tell us something about what could be happening in the next day or two? (answer this one correctly get a 100% up vote)
Full Steem Ahead!
05/06/19
@streetstyle
Charts and stats by @penguinpablo
That amazing we should do it more often
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Buenas tardes amigo @streetstyle deseo que se encuentre bien al igual que su familia , lo felicito por el éxito que obtuvo su iniciativa SPUD. Que tenga una feliz tarde amigo.
I'm already saving up STEEM for the next SPUD
I loved SPUD @streetstyle because it made me realize there is still community here and some great new people to follow that I had missed before, such as yourself. I have no answers regarding whether or not the trends will reverse but it seems to me that those powering down are doing so for specific reasons because if you have a lot of steem it seems that you are losing profit if you are dumping now. Its definitely accumulation time. I wish i had more fiat to invest, but for me, that's the whole point of steem. If you don't have the money, then this is the right coin for you simply because of the ability to earn more.
So true @cflclosers This place is a great community. And yes, the Steem blockchain is great because it is low entry into the crypto world, it is a shame that so many don't see or understand it. They will though, but by then we'll be further up the ladder. Nice!!
Esperemos esa tendencia se mantenga @streetstyle y que se aproveche el éxito de (SPUD) para que el Power Ups en las próximas semanas se acerque a los valores del Power Down aunque es díficil pero si todos ponemos de nuestra parte seguro lo podremos lograr. Feliz inicio de semana y a seguir apoyando a por la subida del precio del Steem amigos Steemians
Thank you @streetstyle, following you...the fever of SPUD keeps growing, more vimm!
hi @streetstyle, I congratulate you for the success of your SPUD initiative.
Thank you @wendyth16 It took the support of many here on Steemit to make it happen. Thank you for your support.
Spud was awesome, i participated and i look forward tp do more of it.
Been looking for your username ....hope you are good
Hello @mittymartz Nice to meet you and glad you found Me. And yeah, SPUD was fantastic and turned out better than I could have imagined. Thanks for the support, take care and good day.
That had a huge impact damnn this community is amazing :D
I so agree @blazing again, thank you for your support.
Power down is not good idea, but keep power up make you profit after a time period.
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