One simply has to look at where all the action around the STEEM and SBD price.
Upbit the Korean exchange has been around 80% of the exchange trade around STEEM and SBD.
This continues to reflect in the fact that more and more traffic is coming to steemit from South Korea.
Represented by the green line below. Last week the baseline peaked at over 150 000 in 24 hours.
Venezuela is also breaking away from its continent mates.
Nigeria represented by West Africa is also moving ahead from it fellows in Africa.
Overall it demonstrates that last record level was not an enigma.
In all cases the traffic is growing exponentially. As soon as I discovered Steemit, I knew that it would be extremely profitable. Just look at what happened with Facebook & Google.
IN 3 years everyone will be wanting to be here on steamit. Will it be to late for them?
In 3 years it probably will be to late to join as a dolphin, now is the time to buy steem.
I totally agree. I'm new here & I feel like it will absolutely kill youtube in few coming years 😊
Thank you @gavvet. This speaks to the importance that was raised on yesterday's Steem Witness Forum on the need for Steemit (and other communities) to make non-English language participation easier for users.
Hope other exchanges will follow soon
I wish Binance follows. It will be open to too many traders then.
i dont even know if any of the founders/core dev team have applied to binance. or kucoin.
Right? I mean you can buy EOS and BTS on Binance. Then have to head to Bittrex to get some STEEM can we just get them all on one?
Very interesting. Why is the price so crazy on HitBTC. It looks like you are still on able to deposit or withdraw from that exchange. I guess that is the issue. Would be nice to get 50% more than the other exchanges. Too good to be true.
An excellent analysis of the volotility and traffic of the STEEM, from which we clearly see that on the wave of periodic prohibitions from the government of South Korea, more and more people come from this country. Venezuela and Nigeria are also active, and this is encouraging in the sense that the STEEM is gaining increasing interest among people around the world. I'm sure this kind of interest is caused primarily by the advantages of STEEM, which are expressed in fast transactions without commissions and with better scalability than many currencies. With this dynamic, the Steemit is gaining momentum, and I think this is only the beginning! Thank you @gavvet
Seriously Korea is probably the biggest cryptocurrency market nowadays.
I am Glad that Koreans are trading SBD and Steem heavily.
Once SBD and Steem are known in Korea very much maybe in few days we may see a big jump in the prices of SBD ans Steem,,,, I believe they will both be above $20 in a short time as per the fact that It is getting a lot of positive buzz around the world
This is crazy but Steem is still way undervalued.
What do you feel is a fair price for STEEM or STEEM dollars?
Volume is mind blowing. Is South Korea interested in Steemit or is it just a speculation is a big question. Nevertheless, it seems that trend will continue.
Yeah, I think some of it has to do with people "indexing" the top 100 or top 50 coins. The question is whether or not adoption and use-cases will keep up with the speculative investment, and I think there's a chance that it might.
the smart money would look at steem i think as a great store of value and that 3 second transaction time and super fast blockchain makes it a nice place to stash some cash too, the volume is immense, at least from what we are normally used too.
Hitbtc is so crazy in price but the amount of volume being traded is great. We still have so much more potential.
wow ! interesting info ! i hope steem and steem dollar will move up to the moon :)
This look all very nice for the future of Steem!!! But if the price of Steem goes to 20$ we won't be getting any Steem Power from our posts :(
Is there a chance that they will recalibrate the code to cater for that fact?
That’s a bit of flawed logic. Steem actually calculates your payout in SP (the translation to USD is then just for show) So if you’re getting 1 SP from a post now, your USD may show $5. If Steem price climbs to $20... a post that earns 1 SP will still earn 1 SP and the USD total will show $20! A gain in value does not make anyone earn SP at any slower pace. The increased popularity of the site and competition among users will make it harder though.
omg that's why South Korea most effect the steem
Thank you for this valuable information, does this mean that there is exchange operation buying more SBD ?if this is correct then steem will rise though
Around Sept 10th 2017, China announced banning all domestic exchanges, which they actually ended up doing. NEO dropped to $20.69
Today, 4 months later there is still no exchanges allowed in China, Neo is $113.75
My opinion, looking forward to $100 ICX in 4 months... with or without Korea. But I expect Korean exchanges will still be running strong
As long as their are troubling economies. BTC will never be dead.
Steemit is growing quickly and it will continue to do so. This concept of social media’s should take over by storm eventually. It’s simply totally superior than the older model.
can you imagine if all Venezuela was on there for payments?
Venezuela will be in much better situation than it is. Venezuelan bolivar is a proof that fiat currencies are the past.
For sure. Volatile or not, there are solid crypto investments that can be made that are more long-term viable than some national currencies.
It would be a big up thrust for steem.
that would be really something. country level steem. wow.
Poverty would be reduced by a lot for sure.
wow interesting information are growing
Whoa, what a big spike in new visitors that was... Still looks good though. Quite the steady progression rate.
Thank for sharing information...
Steem and Steemit has such enormous potential my Friends! It is truly the Caring Social Network! I'm encouraging my Family, Friends and Clients to join the GREAT Steemit Community! The Steemit membership numbers this year are going to be out of this world! All the best my Friends! Positive Energy! Great Karma! Your Friend @extraterrestrial :)
Yes truly more action is coming to steemit from south korea,venezuela are also breaking away and am also glad to know that my country Nigeria is also breaking away.An educative post boss,keep up the good work.Will be waiting for your next nice article
Steemit followers are growing faster every day, may be too fast.
wow good information sir.excellent post for steemit.
@greene101 (29) Your comment above looks very spammy.
I looked at your other comments and they are similar in style, not including any intelligent or interesting discussion about the blogger’s topic. You don’t include anything to even show the authors that you read their blog.
This reeks of insincerity and laziness. It looks like you are trying to draw attention to yourself, probably hoping for upvotes or follows.
Spam posts like this risk getting flagged.
Before you make another comment, please read some of the many excellent steemit guides. Here are some examples which are particularly relevant to you
https://steemit.com/steemit-abuse/@spaminator/updated-your-reputation-could-be-a-tasty-snack-with-the-wrong-comment
https://steemit.com/steemit/@miti/a-complete-guide-for-newcomers-and-minnows-to-avoid-a-possible-spam-and-to-write-good-comments
If you liked the blog but have nothing interesting to add, then an upvote is generally sufficient.
Probably a pump and dump for them.
Well I believe steemit is going to be more valuable this year....
Thanks for the info
I’ll I can say is that steemit will grow big. Seeing this post is just a confirmation that more people are interested in this platfrorm and the only way is up for Stremit community.
Venezuela has been rising a lot and Nigeria's position is good.
I just saw it at $196 million in the last 24 hours! Goodness gracious!!!
South Korea presents a very Big market for steem, if only governmental policies are favourable
KOREA IS MAKING US RICH🤑🤑🤑
Very good your post @gavvet, thank you for the articles you share here I could date back to the country where a lot of users steemit. I would also like to know how many users steemit in Aceh, whether you could make a graph of his. I promise there is 5, 2018 in aceh will be increasing their use of about 2000 more. I would like to support you, because I am still new at this steemit thank you
That's why the American government excluded South Korea from the exchanges and coinmarketcap! If they can't take 40% of what we make, then the government is not happy! Fuck em!
Bitcoin has every one of the signs of an exemplary theoretical air pocket and even after nearly dividing in an incentive in a matter of weeks regardless it has further to fall, as per a main group of financial specialists.
As controllers in South Korea again motioned on Thursday that they were thinking about a prohibition on digital money trades, Capital Economics likewise expelled claims that bitcoin and its imitators could supplant set up monetary forms as "waste".
Bitcoin, which rose to more than $19,000 in December, recouped by 18% on Thursday subsequent to anguish overwhelming misfortunes in the first two days.
I can't imagine digital trades being prohibited. It will happen globally, a country may be able to restrict it if they have infrastructure to monitor and restrict internet usage, but they would do so at the expense of their own nation's ability to interact in what will become a huge international market.
@gavvet I'm new here on on steemit & have written few crypto reviews since last 2 days , If you have time then please see my work, upvote, follow & resteemit if you like 😊 thank you 🙏
I strongly believe steemit will be the strongest and most solid platform on the web, and we are constantly growing each day, that proves the solidity of SBD.
Thank you!
great stats, thanks for sharing
Nigeria is doing its best in steemit,
I think in Korea #steemdollar take away bitcoin market cap.
@gavvet : How can I access the data? Is there any python library / API which is capable to pull out data for me? Please help. I love these kinds of analysis and wanted to do it myself. Upvoted and Resteemed.
Thank's for sharing @gavvet
Excellent news update that SBD and Steem are up bit.
Awesome!!! Stat.
Did I just see my country Nigeria mentioned?
Well its just a tip of the iceberg as Nigerians are set to make amazing records on Steem in 2018
More meetups
#proudlyafrican!!!
@gavvet what does that mean??
wow,anyway i know uganda will also represent other countries in africa,,we're doing our best, thanks @gavvet for this useful investgation
2018 will be a awesome year for cryptos, just starting the USA gov shutdown is making ppl not trust in the gov, third world countries that already didn't trust their gov are starting to buy cryptos, and more ppl from all around the world are entering the train, just hop on in while u still have room on the train, because sooner or later everyone will want a seat.
plz vote me back. i am new on steemit. Need the help!!
South Korea is purely and simply taking Steemit over ^^