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RE: About STEEM prices and powerups [burnsteem100]

in Steem Oasis 🌴 • 4 days ago

That flatline looks unnatural to me, like it's being built on a stagnant dataset.

Even if there's a fair bit of Steem sitting on exchanges, belonging to people who only own it for pump/dump and manipulation purposes (as in, don't even have Steemit accounts) it doesn't make sense.

I'd want to see more granularity just to make sure the numbers are actually moving., even if by a fraction of a percent.

4 days ago in Steem Oasis 🌴 by
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     4 days ago 

    Good point. Maybe I'm just expecting movement at too large of a scale. There definitely is movement at a more granular level (though I have no idea if it is correlated with price changes).

    As far as the data, I have the numbers in a spreadsheet, and they're definitely updating. It's in google sheets, downloading once per day from the blockchain's global properties. For example, here are the raw numbers & calculated percentages from the last couple of weeks.

    Timestamp (Local)total_vesting_fund_steem (STEEM)current_supply (STEEM)virtual_supply (STEEM)Pct of currentPct of virtual
    8/1/2026199,745,244.5554,224,448.3615,804,943.10.36040500.3243645
    7/31/2026199,678,911.7554,142,284.5615,713,649.40.36033870.3243048
    7/30/2026199,605,720.8554,059,560.4615,621,733.20.36026040.3242344
    7/29/2026199,514,968.7553,977,187.5615,530,207.30.36015020.3241351
    7/28/2026199,462,606.2553,867,306.4615,408,116.30.36012710.3241144
    7/27/2026199,445,239.0553,785,002.4615,316,667.20.36014920.3241343
    7/26/2026199,423,284.7553,702,900.0615,225,441.70.36016300.3241467
    7/25/2026199,362,124.5553,620,536.6615,133,926.70.36010610.3240955
    7/24/2026199,355,727.7553,526,855.6615,029,836.50.36015550.3241399
    7/23/2026199,308,460.0553,444,550.9614,938,386.30.36012360.3241113
    7/22/2026199,319,808.8553,362,289.3614,846,984.40.36019770.3241779
    7/21/2026199,464,794.0553,278,531.6614,753,924.00.36051420.3244628
    7/20/2026199,435,052.9553,195,132.5614,661,257.00.36051480.3244634
    7/19/2026199,418,327.6553,113,181.2614,570,199.00.36053800.3244842
    7/18/2026199,387,654.9553,031,233.7614,479,145.70.36053600.3244824
    7/17/2026199,382,924.0552,949,012.6614,387,788.30.36058100.3245229
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       4 days ago 

      Well, then I'd lean towards the somewhat disturbing possibility that most of the large stake holders are so automated that everything stays pretty constant. Seems a little too even for my liking, but let's just say that whole large account SE Asian contingent run on some kind of system where they automatically power down every time they add 5,000 Steem (or whatever) so their stake never really changes by more than base inflation, over time.

      Most of the South Americans and Africans power down in perpetuity because they need every cent to simply scrape by, so there's very little change there.

      Which leaves a pretty small contingent to actually move the needle... but that still doesn't explain why it's so constant vs. the price of Steem. I'd expect way more price elasticity.

      I'm just speculating... getting further might call for a major deep dive on STEEM movements through various exchange accounts still active here.

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         3 days ago 

        getting further might call for a major deep dive on STEEM movements through various exchange accounts still active here.

        Yeah, I'm probably not that curious, but I agree that it seems flatter than I'd expect... especially considering that ~74% of new tokens are in the form of SP (if I'm reasoning correctly). There's natural pressure that should be pushing it upwards a bit.

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