Liquid STEEM Report June 27, 2018
This is a historical graph of both Total STEEM and Liquid STEEM supply
Liquid STEEM is the remaining STEEM that has not been converted into Steem Power. (Orange Line)
- When STEEM is liquid, it can be readily sold and purchased. When locked away in SP, it is not liquid, It takes a significant amount of time to convert it back to a liquid form.
The linear line (dotted line) is a line fit to the Liquid STEEM to show if Liquid STEEM is going up or down over the entire time period.
I created this chart with data that I collected over the last few months.
Why is this graph important?
STEEM is created at a high rate. Currently 8.85% per year. Many Steemians have a concern about STEEM inflation with the high rate of new currency creation. This graph shows since February, more STEEM has been converted to SP than new STEEM creation. This means that even with the high rate of new STEEM creation, the available supply has decreased.
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For a breakdown of how Steemit Rewards system works:
https://steemit.com/steemit/@socky/steemit-rewards-breakdown-a-simplified-explanation-with-illustrations
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-keys
Whats your price prediction for STEEM this year? @socky
Also check my post @crypto.update
I've seen people with large power downs, but there are huge numbers of people powering up to absorb the amount of power down plus the amount of daily printed STEEM. What that tells me is there are large numbers of people that believe in STEEM. When the market turns around and the SMTs take off, then there will be significant growth and increase in value. STEEM price will reflect that value.
I can't predict when the crypto market will turn around.
Yup... that correct...
Also check my post @crypto.update
So is the liquid steem different from steem?
They are both STEEM. If you can use your STEEM right now then it is liquid. If you have stored your STEEM in SP, then it takes 13 weeks to get all of that STEEM back. Any STEEM stored in SP cannot be traded or sold right now and it is not liquid.
Okay.
Thanks for explaining
I'm new into the system tho