FRIDAY'S POWER DOWN IS 73.35 % BELOW FRIDAY'S AVERAGE LINE > DAILY STEEM POWER DOWN <><>
Friday's Power Downs : Steem being Powered Down on Friday's only .
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| DATE | STEEM POWEERED DOWN | DAY OF WEEK |
|---|---|---|
| 1/20/2017 | 1,157,612 | FRI |
| 1/27/2017 | 1,180,750 | FRI |
| 2/03/2017 | 1,209,881 | FRI |
| 2/10/2017 | 1,189,483 | FRI |
| 2/17/2017 | 1,188,217 | FRI |
| 2/24/2017 | 1,224,268 | FRI |
| 3/03/2017 | 1,227,990 | FRI |
| 3/10/2017 | 1,243,033 | FRI |
| 3/17/2017 | 293,585 | FRI |
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Below :
Chart showing the amount of Steem being Powered Down every Friday since (1/20/2017)
COLUMN : = Amount of Steem Powered Down on Friday's
LINE : = Average amount of Steem Powered Down on Friday's
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Please get the advice of a competent financial advisor before investing your money in any financial instrument.
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Please voice your opinions in the comments below.
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SUMMARY
I have added an average line on the chart .
Friday's Powered Down Steem is BELOW the average Line for Friday's , by 73.35% That is 808,062 less Steem powered down this Friday than the average for Friday's
SUMMARY
I have added an average line on the chart .
Friday's Powered Down Steem is BELOW the average Line for Friday's , by 73.35% That is 808,062 less Steem powered down this Friday than the average for Friday's
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Thanks me-tarzan for sharing all the hard work you do putting all your different charts together .
Awesome news!
What an EXPERIMENT this Steemit Platform is...
Do you have an idea to why this change happened?
A lot is happening with the Steem price lately..
I have a theory about it that I just realized. I started my power down right after hard fork 16 just like a lot of others did. It divides up the account value over 3 months or whatever. But then suddenly I saw that the power down stopped because it was all tapped out basically. I think everyone who was powering down and started it right after that last hard fork didn't receive this last payment so they had nothing to transfer to the exchanges to sell. So suddenly the buy orders were way more than the sell orders and that is partially why we saw this huge spike. Also people flowing out of BTC I assume.
Many of the big accounts that were powering down are done ,but a new batch has started and I think we will see these numbers creep back up near the average line. Also I think the average line will begin falling therefor they will probably come together in a few weeks .
It is unpleasant.
Hello inna-yatsuk
Actually the power down being below the avgerage line is a good thing for the steem price because it means there is less Steem able to be brought to market than on previous friday's .
Thanks for clarifying.