Powerup Statistics #27 - December 17th, 2019 - January 3rd, 2020 // Numbers from the year 2019.

Screenshot 2020-01-03 at 07.19.36.png

Every two weeks or so I like to compare the current power-up statistics and see how we stand.

Here they are:

17 December 2019

STEEM Amount
STEEMPOWER 208,9 million
LIQUID STEEM 125,1 million
SBD 7,4 million

Virtual Supply ≈ 371,192,495 STEEM

3 January 2020

STEEM Amount
STEEMPOWER 209,5 million (+0,6 million)
LIQUID STEEM 125,6 million (+0,5 million)
SBD 7,4 million (0 million)

Virtual Supply ≈ 372,693,656 STEEM

Numbers from 2019

It's the first report of the new year so I checked how much STEEM was created in 2019.

Last year ~43,6 million new STEEM was created.

That's a total increase of 15,2% (from 290,9 million to 335,1 million).

The inflation of STEEM should be around 8%-9%, so that was too high.

The SBD conversions (SBD is burned and STEEM is created) had a lot to do with the extra inflation.

11,89 million SBD was reduced to 7,4 million SBD in 2019.

A nice reduction but the massive printing of SBD in the big STEEM pump of 2017-2018 is still looming over us.

Optimum conversion is currently at a STEEM price of 20 cents (1 SBD = 5 STEEM).

When we hit 20 cents, expect the conversions to start again. If we are lucky we can blast past 20 cents and trade higher. Then there is no problem. But if not, and we linger at 20 cents, then you can expect (worse case) 7,4 million SBD * 5 = 37 million extra STEEM.

All the new STEEM from 2019 is mostly out there in liquid form (40 million) and the rest has been powered up.


I'll give my take on the price through the indicators I use for trend.

On the Daily STEEMUSD the trend is still bearish.

Every type of up move is quickly slammed back down.

We are currently trading below all the trendlines.

On a positive note, the indicators are slowly catching up with the price.

Screenshot 2020-01-03 at 07.59.32.png

On the daily STEEMBTC chart, it looks a little better.

A lot of short and midterm indicators have started to level out.

Possible bottom around 1600 sats. But not confirmed.

If we can trade around these levels long term indicators should level out around the end of February.

The MA200 (green line) is catching up fast.

Screenshot 2020-01-03 at 08.01.15.png

Next report in two weeks.

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Comments 13

Hey guys, we have released our short film on Dtube. Hope you guys watch and give feedback.


Posted using Partiko Android

03.01.2020 07:24

Thanks for this. 200 day moving average is on a serious collision course!

Happy New Year!

03.01.2020 07:35

Happy new year, man!

And yeah, that MA200 is looking like it means business. Already caught up with the price from 2 weeks ago.

03.01.2020 07:39

Hopefully just a few more months to go - this time has been good for SP stockpiling if not a little stressful :)

03.01.2020 07:55


03.01.2020 09:13

Been doing what I can! :D

03.01.2020 10:13

I wanted to power up, but SPUD was over the holiday and I wasn't near a computer. I guess I will just keep holding onto it for now. I want the powerup to push me past a milestone number. Like over 8500 or 9000 or something like that.

03.01.2020 12:20

Haha, I don't think SPUD is the only day you can power up :)

But having a little bit liquid can't hurt either. There is always a chance of a small pump you can only take advantage of if you have some liquid.

04.01.2020 12:25

the power up stat's will be rocking all the way up thanks to this time SPUD

happy new year :)

03.01.2020 14:08

Nice information

04.01.2020 03:53

04.01.2020 15:49

Great post!
Let’s hope people will keep powering up then powering down..
The steemit community is definitely growing!
Will see good results by the summer of 2020 ;)

Posted using Partiko iOS

21.02.2020 11:06