This is what happens when STEEM rises to more than $3...

in #steemit7 years ago

Welcome to my Steem Stats Report for Wednesday, December 20, 2017. All data comes directly from the Steem blockchain and is based on UTC time.

1. Daily number of Posts (including comments)

DatePosts
2017-12-19164,826
2017-12-18151,757
2017-12-17131,953
2017-12-16124,129
2017-12-15127,801
2017-12-14126,218
2017-12-13125,214

2. Daily number of votes

DateVotes
2017-12-19626,741
2017-12-18521,781
2017-12-17505,739
2017-12-16464,549
2017-12-15410,209
2017-12-14433,598
2017-12-13399,256

3. Daily active users

DateActive users
2017-12-1941,022
2017-12-1839,578
2017-12-1736,951
2017-12-1635,642
2017-12-1530,465
2017-12-1430,121
2017-12-1329,775

4. Posts + Comments per post

DateAverage # commentsPosts
2017-12-192.2850,279
2017-12-182.2247,100
2017-12-172.3439,479
2017-12-162.1839,085
2017-12-152.1940,067
2017-12-142.0840,953
2017-12-132.1439,895

5. New accounts created

DateNew Accounts
2017-12-194,611
2017-12-184,783
2017-12-17790
2017-12-161,457
2017-12-154,167
2017-12-141,807
2017-12-132,982

6. Daily Amount of SBD converted to Steem

DateAmount in SBD
2017-12-19116 SBD
2017-12-18406 SBD
2017-12-179 SBD
2017-12-169 SBD
2017-12-15156 SBD
2017-12-1422 SBD
2017-12-1323 SBD

7. Daily Amount of Steem Powered UP & DOWN

DatePowered UPPowered DOWNDifference
2017-12-19864,567 STEEM308,565 STEEM556,002 STEEM
2017-12-18165,326 STEEM59,372 STEEM105,954 STEEM
2017-12-17178,666 STEEM184,229 STEEM-5,563 STEEM
2017-12-16189,091 STEEM101,698 STEEM87,393 STEEM
2017-12-15202,385 STEEM98,516 STEEM103,869 STEEM
2017-12-14149,661 STEEM197,207 STEEM-47,546 STEEM
2017-12-13913,176 STEEM181,737 STEEM731,439 STEEM
Average p/d186,079 STEEM191,534 STEEM-5,455 STEEM

Largest 'Power ups' yesterday

Date & TimeFromToSTEEM
Dec 19, 18:42@yoo1900@yoo1900300,099.970
Dec 19, 20:37@busy.pay@busy.pay125,000.000
Dec 19, 06:56@grumpycat@grumpycat100,001.992
Dec 19, 10:51@gavvet@gavvet35,538.067
Dec 19, 15:16@swissclive@swissclive27,667.399
Dec 19, 07:01@flexthought@flexthought27,514.321
Dec 19, 05:20@alpha@blocktrades25,000.000
Dec 19, 19:12@onceuponatime@onceuponatime12,000.000
Dec 19, 17:49@iiuc3amkessq@iiuc3amkessq10,000.000
Dec 19, 20:17@monika-homa@monika-homa10,000.000

8. Daily Steem Transfers from and to exchanges

DateFrom BittrexFrom PoloniexTo BittrexTo Poloniex
2017-12-19773,884 STEEM0 STEEM380,613 STEEM0 STEEM
2017-12-18160,197 STEEM0 STEEM120,162 STEEM0 STEEM
2017-12-17366,593 STEEM0 STEEM150,467 STEEM5,571 STEEM
2017-12-16148,946 STEEM0 STEEM75,467 STEEM1 STEEM
2017-12-15163,838 STEEM0 STEEM54,628 STEEM1 STEEM
2017-12-14200,743 STEEM0 STEEM113,095 STEEM0 STEEM
2017-12-13216,467 STEEM0 STEEM199,330 STEEM13 STEEM

Largest transfers yesterday

Date & TimeFromToAmount
Dec 19, 18:39@bittrex@yoo1900199,999.990 STEEM
Dec 19, 16:37@steemit2@busy.pay150,000.000 STEEM
Dec 19, 15:51@bittrex@mynameis134,604.319 STEEM
Dec 19, 23:19@val-a@bittrex115,465.940 STEEM
Dec 19, 05:51@bittrex@grumpycat99,999.990 STEEM
Dec 19, 18:37@bittrex@yoo190099,999.990 STEEM
Dec 19, 00:10@tamim@bittrex87,337.636 STEEM
Dec 19, 11:45@teamsmooth-mm@teamsmooth70,000.000 STEEM
Dec 19, 11:47@teamsmooth@bittrex70,000.000 STEEM
Dec 19, 02:14@bittrex@flexthought24,999.990 STEEM

9. Steem Price Update

Steem Price Update.png


¯\___(ツ)____/¯ Follow me @penguinpablo for daily Steem statistics.

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Is the tail wagging the dog? I always thought that higher usage and uptake would drive up the price of STEEM....but it looks to be the other way around. Increased STEEM price means increased rewards and that's attracting higher usage. Hope it lasts....

But the upwards trend in posts and comments did start before price. Of course there's a feedback loop, so the bigger moves happen later.

I'm not sure about that. The SBD has been pumping for weeks now. STEEM has really only taken off in the last week or 2. Hard to know the true causation effect here, but you are right it is in a positive feedback loop now and it's all about momentum now.

You can see in @arcange's stat posts that the uptick in active users, posts and comments began at the start of November, before the SBD pump. I agree, causal analysis is pretty much a fools game in something as complex as this market though.

I'll take a look. Thanks for the tip!

Like everyone else here I am just trying to understand whats happening and nobody really knows for sure.

Are you able to sell steem coins somewhere ? I know poloniex is has "temporarly disabled" function of accepting any steem !!

Poloniex should be working again now. However Bittrex is the better exchange to use, they rarely have any issues.

As noted below, Bittrex isn't accepting new users, so use @blocktrades instead.

Bittrex is not taking new clients for now, however. Poloniex is working again but they are always a risk of having issues.

I wasn't aware of that. @blocktrades is your friend in that case.

Frightening thought. We need some more alt-coin exchanges to step up and take on STEEM trading. I have high hopes for Binance.

Ok, now I see. Thanks a lot ! I will try it.

Please do! Hope is the only thing holding these markets up right now.

Usage has nothing to do with price. If I send you one steem once a day, and you send me one steem back once a day - or if we do this 10000 times day does not make any difference, right?

As long as the money flows, the price is not changed. Only when there is a reason to stopping the flow (or sucking in more) the price changes.

I think you're wrong. I can tell you with 100% certainty that I, for one, am making an effort to write more frequently now that the SBD price is boosting rewards so massively.

Well, that's you, we the early adopters were active when the price was 10 cents and never stopped when there were 0's and 100's on our posts. Beeing a steemian is far more then just trying to exploit the hype.

Wow. You early adopters are so god-like.

So your writing much has increased the price?

No, usage has not increased it.

I think we are speaking a different language.

I will try to expand on my original point. In the traditional business world a new venture in social media would be valued based on its network effect. Increase in usage and adoption would mean an increase in value and that would cause investors to buy the stock. In this scenario Usage drives Price.

Here on Steemit I am suggesting that increase price for STEEM and SBD is potentially attracting new people to the platform and encouraging existing users to post more as they are now being rewarded more. In this scenario Price drives Usage.

"there's a feedback loop" and you and I could have a "chicken and egg" argument now but I think I'm done here :)In truth both scenarios are possibly in play and as @demotruk so succinctly put it

Ah, so you are not talking about usage that drives prices, but the speculators seeing an increase in usage and buy!

That is a huge difference, it's different people acting and changing the price.

DO you think it is due to the fact that one cannot sell steem, thus the demand is high and the offer is low ?

Some of those power ups are dropping hundreds of thousands into steemit and haven't even blogged. Looks like real investors are showing up!

Yep. One can earn over 10% ROI annually through curation rewards alone if voting is done "correctly" (at the right time, one the right type of author, etc). And that's 10% if the price of STEEM stays the same. So basically they earn a dividend of more steem.

Then they can also lease out steem power and earn STEEM that way too.

I've been saying this platform needs to be advertised as an investment as well as a social media platform. Most of the advertising I see is more focused on "earn money through posting"....

Exactly we need more people who just want to speculate on steem the coin rather than bloggers

boss you did a very compehensive work there.

from the above report, I learnt that all the perimeters use are at a higher increase daily, so that simply shows that steemit is growing in numbers daily too, so they is a very urgent need for the steem blockchain technical crew to start working seriously on how the platform can accomodate countless number of people because next year 2018 is gonna be a big blow in steem blockchain as larger number of people are gonna troop in.

thanks man for the post, keep doing the good work.

Wow, thats great! Hopefully this will continue to bring more attention to steem!

Call it motivation :)

make a new record as steem @penguinpablo

Your posts are very helpful for a noob like me. I'll make it a point to read your previous posts so i can wrap my head around this whole thing! Thank you very much!

Good word seb beres kah emang mantap hehe thank you

You have seen so many transactions.

good work

Wonderful stats! Steem is going to be the winner! And so does steemit!

All the data has shot up! The user engagement has increased and I can see people are posting often. In a way it is a good sign, I hope this trend continues.

haha, that is pretty insane. But yea, I'm also one of those that became way more active after rising :D Thanks for information, very interesting.

People are leveraging the price, which is good. The number of posts & comments have gone up significantly. Way to go man!

Great job, thank you.

"Daily number of Posts (including comments)"

Massive Breakout !!!

Can I long that parameter with 100x margin?

Top level comments (ie. posts excluding comments) has been shown to be one of the most strongly correlated metrics with Steem price in the past.

Yes.. Indeed

Excellent statistical reports. Thanks for the information @penguinpablo.

Wow, the raise of engagement on Steemit since the prices ever rised is amazing! I hope it will continue growing, because i can't find any reason why it wouldn't keep rising.
Thanks for sharing this information with us, I honestly didn't know!
Let's get Steem to 4$ and sbd to 18$ by the end of 2017 !

Good word thank You

hmm SBD converted to Steem (picture 6)is dropping. why people dont sell SBD to buy steem..shouldnt be sbd at 1 dollar soon again?

Weeeeeee! :)

@penguinpablo I've been meaning to ask - is #6 steem<->sbd on the internal currency market, or is that via the "convert" feature? I assume it is the former, and that would also explain why you can still get a heap of steem per sbd on the market. I've been quite surprised that the price of steem on that market has risen so slowly from down at about 0.12 sbd / steem. A lot of people must be either holding their SBD, or buying other coins with it.

I'm so glad Steem is finally kicking some butt, and for good reason too! The future looks bright for it, and all of its platforms, including our beloved Steemit! 🐳

Really interesting statistics, looks like everyone wants a bit of the steem pie :)

looking good

Good to see so much activity. Let's keep it up. Support those doing good stuff here and not just the trenders. We want new users to see a good selection of hot posts. Steem on!

In this case money does talk :D

I actually thought that daily users were probably going up.

Damn yo, that's so much info. Good Sh_t.