MONDAY'S power down is BELOW MONDAY's AVERAGE LINE <><> DAILY STEEM POWER DOWN <><>
๐ Monday's Power Downs : Steem being Powered Down on Monday's only .
Highest Monday Power Down : ๐ ๐
Lowest Monday Power Down: ๐
๐
| DATE | STEEM POWERED DOWN | DAY OF WEEK |
|---|---|---|
| 1/16/2017 | 1,376,674 | MON |
| 1/23/2017 | 1,383,311 | MON |
| 1/30/2017 | 1,407,524 | MON |
| 2/06/2017 | 1,460,269 | MON |
| 2/13/2017 | 1,411,245 | MON |
| 2/20/2017 | 1,429,465 | MON |
| 2/27/2017 | 1,433,265 | MON |
| 3/06/2017 | 1,499,315 | MON |
| 3/13/2017 | 1,487,359 | MON |
| 3/20/2017 | 1,507,541 | MON |
| 3/27/2017 | 1,537,870 | MON |
| 4/03/2017 | 1,504,876 | MON |
| 4/10/2017 | 1,535,460 | MON |
| 4/17/2017 | 1,509,329 | MON |
| 4/24/2017 ๐ ๐ | 1,613,618 ๐ ๐ | MON ๐ ๐ |
| 5/01/2017 | 420,458 | MON |
| 5/08/2017 | 420,225 | MON |
| 5/15/2017 | 599,157 | MON |
| 5/22/2017 | 543,045 | MON |
| 5/29/2017 | 532,625 | MON |
| 6/05/2017 | 448,853 | MON |
| 6/12/2017 | 493,768 | MON |
| 6/19/2017 | 422,584 | MON |
| 6/26/2017 | 418,653 | MON |
| 7/03/2017 | 481,364 | MON |
| 7/10/2017 | 373,330 | MON |
| 7/17/2017 | 358,834 | MON |
| 7/24/2017 | 223,060 | MON |
| 7/31/2017 | 246,877 | MON |
| 8/07/2017 | 255,115 | MON |
| 8/14/2017 | 239,873 | MON |
| 8/21/2017 ๐ | 199,477 ๐ | MON ๐ |
| 8/28/2017 | 200,296 | MON |
๐
Below :
Chart showing the amount of Steem being Powered Down every Monday since (1/16/2017)
COLUMN : = Amount of Steem Powered Down on Monday's
LINE : = Average amount of Steem Powered Down on Monday's
๐
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All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, opinions, trade signals and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
Please voice your opinions in the comments below.
๐
SUMMARY
I have added an average line on the chart .
Monday's Powered Down Steem is BELOW the average Line for Monday's by 677,726 less Steem powered down this Monday than the average for Monday's .
I have added an average line on the chart .
Monday's Powered Down Steem is BELOW the average Line for Monday's by 677,726 less Steem powered down this Monday than the average for Monday's .
These power downs have really been reduced we where pushing over a million for a while there. In a way glad to see it going down because its less on the market but that also means I have lest vest to for my posts it think?
I think it will stay below the line for a while, because steem is rising!
I kind of wonder if we're at the tail end of what I'd call "profit taking" via people powering down when STEEM hit it's high mark for the year in late May. Since it takes 13 weeks, this could explain why there's been a steadly decline since then (conveniently STEEM hit this current bottom about 13 weeks after it hit the high a few months ago.
If this is the case, people who started the power down process in late spring when STEEM hit a high for the year would be at the tail end of their payouts at this point in time.
I'm still new and I'm no expert. This is just speculation on my part but it sure is interesting that the downtrend lasted the same amount of time that it takes to power down (13 weeks). What do you think?
Regardless of the cause, it sure is nice to see my account value growing even on some days when my payouts are small!
I like your analysis @me-tarzan. You have very unique methods and I've very much enjoyed your posts!
Yes @cryptokeepr I have also had similar thoughts on this . I think many of the big boys that wanted to cash out are probably about done . But we have to remember that a power down can be stopped at any time .
With so many fundamentals of Steemit doing so well we will surely see a big increase in price at some point.
I honestly wouldn't mind if STEEM stayed under $2 for a bit longer so I can continue to buy at a cheap price and power up. I want to have at least 5000 SP by the end of the year and 20k by end of 2018. But I won't complain if STEEM does skyrocket in the near future.
What happened at the end of April??
Thanks for sharing. Very interesting.
DWD: Good!
As i have always pointed out, powering down hurts the system in some ways. I am glad @cryptokeepr pointed that too. I like to see the power down lower than previous days or time. Great post @me-tarzan
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STOPIs this correlation essentially the same across all of the days of the week? Is there a reason you chose Mondays to analyze? Is there a day you've noticed when people usually power down the most on average if not Monday? Thanks as always for your proactive analysis (and sharing it).