Why is the price of STEEM pumping, and what is the effect? by gavvet

View this thread on: hive.blog | peakd.com | ecency.com

stats · @gavvet · Apr 18 '17

$128.99

Why is the price of STEEM pumping, and what is the effect?

Whenever the price of STEEM rises we see an increase in interest.
-
This has a feedback effect because some of those onlookers may like what they see about the project and become investors.

This last week the price of STEEM rose significantly on Saturday and Monday. So far the price seems to be maintaining its gains and establishing a new floor at a higher level after each rapid rise.

![](https://steemitimages.com/DQmWZUpNP8ERtbWGtxVJzsK9ZBWx79KnMimoMJW2zgxFdSn/image.png)

The fact that the price pumps but not excessively and then doesn't fully dump thereafter is a good sign.
-
Traders are getting in and staying in, for whatever reason.

It is hard to tell where the buying pressure on the markets is coming from since those statistics are not available. We can however see where in the world interest is increasing and that is also very positive.

![](https://steemitimages.com/DQmZoA5Ngpdop3WDX6XDRGWoZJ6mPvj6bD92FgZqSCqn4bG/image.png)

Note the green line, it is growing at a faster rate than all other lines.
-
This indicates that there is a definite increase in activity from Asian countries.

The green line has entered yellow (Europe's territory) If this more rapid growth continues we may even see Asia strongly competing with Europe in coming months.

![](https://steemitimages.com/DQmavju9CAMsriKgQkocfAdYwbTxbwSsN4bMNLz9JmazX5E/image.png)

The growth is most pronounced in Eastern Asia although all Asian regions are showing a significant uptrend.
-

Analysis of trends by region show that South Korea, China and Indonesia are the sub-regions and countries where most of this interest is coming from.

Growth leading to popularity in the East bodes well for STEEM, we have all seen what it has done for Bitcoin.

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👎 berniesanders, whatsup, steemservices, matrixdweller, noganoo, fbechstein, arisa, evildeathcore

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properties (23)vote details (438)

voter	rshares	pct
berniesanders	-304,707,656,747	-1%
sandra	35,735,249,162	70%
ihashfury	28,403,126,151	48.3%
clayop	1,424,215,697,009	100%
steemservices	-54,074,358,158	-1%
lovejoy	37,046,549,328	100%
joseph	0	100%
aizensou	488,626,984,200	100%
jason	31,881,132,354	48.3%
pairmike	79,433,621,860	100%
pheonike	10,588,580,272	6%
abcd	0	100%
woo7739	404,453,568,206	100%
steemrollin	181,926,230,557	50%
chitty	363,860,824,925	100%
relativelyboston	1,938,428,839	100%
yefet	1,806,989,396	23%
escrow	0	100%
piedpiper	21,786,506,036	100%
mor	31,594,620,762	100%
makishart	16,143,248,499	85%
craig-grant	516,402,794,471	50%
sandwich	11,082,625,508	100%
mod-tamichh	23,710,119,677	100%
nomoreheroes7	15,410,824,039	100%
carlos-cabeza	565,559,318	23%
leesunmoo	1,067,701,989,520	100%
gavvet	3,844,486,949,543	100%
idealist	215,200,209,544	100%
piranhax	2,950,564,992	100%
cryptoctopus	1,704,032,365,488	100%
tad-auker	1,594,477,623	25%
nanzo-scoop	2,334,739,181,066	100%
lola-carola	269,114,163	20%
avarice	1,296,243,345	1%
the-ivor	17,232,637,165	100%
steve-walschot	43,163,629,126	100%
mummyimperfect	71,428,365,873	100%
tmendieta	26,895,739,708	100%
oaldamster	62,139,984,701	100%
slickwilly	129,672,207,652	100%
cryptofunk	9,277,116,783	68%
dragonslayer109	443,110,621,034	100%
ak2020	64,784,874,517	100%
thecryptofiend	924,322,827,470	100%
justtryme90	220,083,915	100%
cm-steem	2,223,329,582	1%
eric-boucher	135,248,429,083	100%
hien-tran	7,277,865,182	100%
noganoo	-6,450,532,180	-100%
coinbitgold	116,678,485,858	100%
applecrisp	266,460,412	100%
rok-sivante	746,813,620,804	80%
pangur-ban	2,670,771,867	100%
bravenewcoin	46,824,573,570	100%
arisa	-2,070,432,187	-100%
kus-knee	343,647,834,698	100%
stephen-somers	10,390,370,515	100%
crypto-fan	13,235,890,840	100%
tee-em	49,246,477,666	100%
grandpere	8,737,898,136	10%
albertogm	27,745,759,729	100%
lukestokes	520,334,014,672	100%
christoph3	2,330,794,090	100%
mammasitta	20,557,708,471	100%
angusleung100	4,971,738,975	100%
emily-cook	866,142,593	100%
mctiller	55,055,280,753	100%
jakevanderark	116,784,514	100%
norbu	121,220,565,014	85%
spikykevin	281,268,237	100%
michaellamden68	3,162,132,539	100%
asmolokalo	246,769,614,798	100%
good-karma	92,471,856,888	23%
sonzweil	163,793,466,704	100%
robrigo	412,727,844,936	100%
stranger27	9,767,436,396	100%
yogi.artist	11,406,512,949	100%
ukrainian	3,314,252,006	100%
slowwalker	3,049,561,761,322	100%
jay4u	21,188,670,581	100%
ausbitbank	89,484,058,433	100%
jacor	215,830,144,861	100%
mrwang	22,818,424,591	100%
ardina	5,015,160,599	100%
marcgodard	2,460,672,758	100%
steemit-life	106,802,188,072	50%
blockchainbilly	17,449,289,494	100%
asim	9,878,078,327	100%
toxonaut	24,718,448,360	100%
incomemonthly	12,433,938,412	100%
deviedev	9,155,134,183	100%
theyam	24,889,457,979	100%
juvyjabian	18,026,296,414	100%
gregm	191,706,637,109	100%
karenmckersie	34,987,599,837	31%
luisucv34	5,957,288,697	100%
tripjammer	19,567,644,384	100%
streetstyle	165,636,985,239	100%
krystle	24,488,016,253	100%
kendewitt	79,996,077,793	100%
lichtblick	124,813,762,147	100%
demotruk	940,787,555,697	100%
the-future	75,610,919,944	100%
ramta	1,689,891,055,594	100%
fiona777	6,643,000,775	100%
blueorgy	53,229,513,119	100%
opheliafu	103,733,263,943	63%
ubg	13,072,815,504	1.11%
artificial	116,566,623	100%
deanliu	67,466,239,235	100%
sauravrungta	117,444,866,997	100%
nin0000	8,460,021,446	100%
tokyodude	8,385,557,384	100%
neroru	8,167,724,029	100%
sokoloffa	40,451,329,174	100%
mysteem	505,696,456	23%
moon32walker	139,707,675,450	100%
macchicken	347,323,609	100%
sergey44	1,150,741,250	100%
greenman	557,826,959,021	100%
marius19	133,323,472,381	100%
neonartist	833,243,241	100%
emilhoch	286,899,322,757	100%
krabgat	32,884,095,619	100%
fatboy	13,592,073,670	42%
claudiop63	85,957,169,885	100%
ace108	21,506,684,994	35%
trisnawati	6,495,371,076	100%
royalmacro	43,617,420,208	100%
nelu.ceban	1,004,438,572	100%
remlaps	12,770,745,354	100%
tommyhansen	76,878,939,206	100%
bullionstackers	77,962,069,335	100%
sulev	54,431,890,600	100%
jamesbrown	248,109,355,136	100%
malaiandrueth	18,075,923,837	100%
uwe69	1,282,062,295	100%
dirty.hera	168,932,835	100%
litrbooh	5,145,654,176	100%
nekromarinist	8,552,327,843	100%
dumar022	91,224,717,017	100%
timcliff	223,030,299,223	100%
transhuman	5,257,869,531	44%
kentdenns	2,631,523,085	100%
kview	10,365,425,280	100%
thisvsthis	3,952,754,260,921	100%
littleboo	1,332,780,481	100%
achim86	28,286,470,762	100%
ullikume	15,752,612,272	100%
tommycoin	75,275,579,656	100%
ipumba	4,457,017,302	100%
dolov	9,093,556,593	100%
capper2016	147,448,298,885	100%
ekitcho	736,580,533,213	100%
velourex	42,308,166,717	100%
joele	204,820,187,009	100%
denisoi	31,437,135,344	100%
hms818	5,026,045,972	100%
darthnava	5,259,320,906	25%
cristi	75,592,763,202	100%
jrcornel	629,002,773,063	100%
session101	61,694,961	100%
lordemau	17,520,838,578	100%
scaredycatguide	94,886,071,777	100%
hanshotfirst	433,210,081,984	100%
lordvader	149,486,026,043	100%
herbertmueller	2,423,438,767	100%
bhavnapatel68	44,185,407,087	100%
rmach	34,192,188,923	100%
ioc	936,873,648,854	100%
matrixdweller	-18,313,357,961	-100%
virtualgrowth	9,561,601,703	30%
lemouth	91,230,389,638	100%
thegoldencookie	33,207,187,828	100%
gammagooblin	7,935,808,480	100%
seraph	10,447,465,824	100%
almerri	2,105,460,161	100%
awgbibb	127,159,030,294	100%
the-reginald	6,459,269,698	100%
nang1	641,561,054	100%
cryptomancer	263,785,540,873	100%
samstonehill	21,363,222,100	40%
keepdoodling	12,754,837,111	100%
barbro	182,030,395,249	100%
steevc	60,786,274,072	75%
qst	58,660,528	100%
jyp	319,278,720,913	100%
lastname	0	100%
rossenpavlov	80,263,906,946	100%
sweetsssj	354,291,992,779	80%
netaterra	3,320,060,339	100%
leahmchenry	549,433,574	100%
sethlinson	2,178,657,986	16%
hilarski	46,668,348,019	20%
onetree	62,575,802,273	100%
lily-da-vine	19,861,526,046	35%
leesmoketree	35,329,360,873	85%
inchonbitcoin	494,145,384,163	100%
etcmike	278,919,946,232	100%
stephenkendal	78,247,860,961	100%
jlufer	13,780,018,757	100%
lukie257	1,852,050,059	100%
noah.price	48,535,738,505	100%
alaqrab	13,813,597,367	100%
richardcrill	37,453,594,524	100%
team101	646,334,099	100%
aggroed	62,471,962,435	100%
cornerstone	267,879,435,313	80%
oldstone	33,911,628,807	24%
doitvoluntarily	85,747,929,793	100%
kyusho	29,684,914,440	50%
profitgenerator	46,127,033,450	100%
woodendart	0	100%
rada	101,655,953	100%
benjamin.still	6,875,097,633	100%
mindhunter	10,199,098,315	100%
jonathanyoung	30,674,713,328	100%
dubi	113,924,003,715	100%
anahilarski	121,925,334,671	100%
damarth	1,204,860,648,168	100%
cryptonetwork	3,041,503,032	100%
jeff-kubitz	34,136,561,230	100%
jsg	64,849,381,750	100%
whatsup	-62,745,327,012	-100%
gringalicious	274,858,846,786	100%
heroic15397	13,469,523,994	100%
rigaronib	151,312,406,467	100%
bontonstory	60,075,289,239	65%
freebornangel	1,877,351,753	10%
nelyp	14,221,716,496	100%
olisan	14,814,126,363	100%
rynow	43,359,435,587	100%
pickoum	31,383,924,034	100%
skt	408,166,376,883	100%
arama	2,048,875,393,293	100%
orcish	25,619,130,195	100%
ocrdu	22,821,956,912	50%
lajulius	12,166,645,221	100%
steemalf	10,482,864,805	100%
cupang	72,319,227	100%
justusagenstum	22,059,625,653	100%
ameliawheat	617,714,363	100%
thegame	1,565,243,875	30%
okean123	9,458,431,754	100%
lloyddavis	7,108,836,851	100%
timbot606	4,467,281,786	100%
steembets	1,900,057,042	30%
luzcypher	76,901,232,346	100%
sjennon	602,692,561	4.59%
dylanhobalart	18,598,594,675	100%
abdullar	712,844,944,038	20%
cebymaster	6,442,547,093	100%
anasz	0	100%
mgibson	10,068,811,129	43%
food-creator	9,405,024,085	100%
ivand83	0	100%
zet	77,113,061,653	100%
thomasp	149,716,854	100%
brimax	13,187,103,674	100%
bleujay	540,387,561,739	100%
silvia	10,256,192,879	100%
alienbutt	84,708,227,247	80%
mitchelljaworski	12,698,766,349	100%
freiheit50	27,819,250,264	100%
simonjay	24,518,586,128	100%
dgiors	51,795,003,433	100%
slider2990	50,737,586,242	100%
curiesea	19,847,224,914	100%
steemvest17	13,309,612,831	100%
nonameslefttouse	101,341,720,335	100%
aurorax	1,106,353,840	100%
steem-meme	1,782,225,570	20%
lakshmi	1,688,198,556	100%
sunscape	10,890,020,769	20%
giantbear	35,437,892,434	100%
shady	28,109,869,396	100%
steemito	112,706,699	100%
keuudeip	37,796,361,564	100%
stray	23,733,188,445	100%
promx	141,720,571	100%
sochul	1,144,476,965,896	100%
thejohalfiles	3,952,768,103,058	30%
mokluc	18,339,310,678	100%
olga.maslievich	28,634,547,244	100%
dragosroua	82,720,966,552	100%
ejhaasteem	24,278,065,119	100%
judasp	56,855,169,798	100%
raluca	7,939,218,099	100%
hitheryon	83,314,501,348	100%
pravusdie	19,704,035,269	100%
steemland.com	1,593,614,326	30%
voronoi	117,251,970,113	100%
selwi	846,509,021	100%
bosrad	745,675,686	100%
eroche	53,982,751,108	100%
angel76	16,421,206,528	100%
sqube	2,986,280,846	1%
cathynsons	309,848,512	1%
steemvoter	104,630,520,296	100%
liliana.duarte	38,673,714,156	100%
trans-juanmi	6,870,527,172	60%
zefa	76,426,803,858	100%
breezin	20,078,868,838	100%
doodleman	5,146,816,333	100%
countryfolk1	621,693,069	100%
steemer0815	878,188,318	100%
teukumukhlis	41,690,264,220	100%
steemprentice	17,889,804,503	30%
wagnertamanaha	3,852,174,658	100%
mafeeva	27,131,663,723	100%
reisman	732,771,790	23%
jumaidafajar	24,414,052,928	100%
damiendecoster	1,193,253,813	100%
bottymcbotface	258,196,065	54%
mauriciovite	6,866,661,329	100%
kaneyung	567,391,204	100%
irawandedy	18,618,450,219	100%
finder	726,867,376	100%
beomelda	563,441,501	100%
assus	1,480,640,693	100%
bp9930	2,521,227,037	100%
richq11	29,480,587,100	100%
fricibacsi	25,975,024,917	100%
mallorcaman	79,906,742,630	100%
saeryn	5,212,965,865	100%
soushi888	1,918,102,013	23%
juliosalas	937,727,473	60%
aidancloquell	57,204,258,417	100%
steemitafrica	1,337,084,707	100%
codydeeds	62,187,507,729	100%
choreboy	6,200,568,185	100%
madlenfox	4,913,222,434	100%
karamellka	6,896,961,921	100%
timothyb	18,084,296,620	100%
tamersameeh	461,797,931	100%
muth	418,014,919	100%
yaariart	4,942,253,546	100%
em3di	3,059,871,082	100%
mathworksheets	3,079,305,623	100%
inber	25,406,388,593	100%
estibuil	2,580,442,626	100%
lastminuteman	78,073,889,806	60%
tofm2	4,050,443,882	100%
barvon	3,842,816,215	100%
tamim	2,393,697,320,158	85%
zkalemiss	7,627,913,218	100%
riskdebonair	24,805,686,338	100%
loconaider	1,835,751,006	100%
firesteem	1,561,366,105	100%
fisteganos	14,088,704,233	80%
fbechstein	-4,064,520,967	-100%
dalek	309,447,085	100%
mojomango	1,207,286,103	100%
corvuscoraxx	1,211,879,341	100%
gorish	11,135,057,093	100%
darinrmcclure	442,120,396	100%
elgeko	5,337,195,318	23%
eem	295,319,332	89%
timwebber	417,295,065	100%
steembot-general	16,794,046,075	100%
janmarysmith	417,529,465	100%
rafelchato	19,016,092,715	100%
derbi	227,521,228	11.5%
ogochukwu	1,586,492,566	23%
rizkiavonna	6,401,824,352	100%
pqlenator	1,365,599,465	20%
smalltalk	516,078,415	20%
con-dom	1,906,455,259	100%
tonylondon	866,421,974	100%
terencehill888	339,735,615	100%
davidgermano	3,024,193,548	70%
cassidyandfranks	3,713,165,558	100%
playman	3,703,484,088	100%
animal-shelter	8,423,915,410	100%
steembot-medic	10,464,762,580	100%
aiqabrago	3,079,763,160	92%
abduhawab	4,127,897,717	100%
tonichato	1,812,817,928	100%
juanantonio	40,080,410,322	100%
justinashby	13,436,350,172	100%
zephyraijunzo	364,597,244	100%
buzzbeergeek	6,687,641,463	100%
ceres	992,085,462	50%
evildeathcore	-1,383,673,252	-100%
futebol2014	364,461,607	100%
yuslindwi	2,691,692,652	100%
gogogadget	17,490,888,947	100%
azfix	26,441,886,721	100%
elementm	7,033,665,125	100%
middle-theory	10,540,857,456	100%
speckofdust	1,501,009,333	100%
flyingcam	468,552,938	100%
kuttmargo	63,687,530	1.11%
ainiaziz	4,776,611,115	100%
anwarabdullah	83,289,992	100%
theregularguy	9,592,455,215	100%
mandela	32,326,501,994	100%
littlewhale	6,225,339,679	100%
anri-avgustino	2,197,068,988	100%
olegst	2,729,467,205	100%
mckenziegary	388,122,157	4.59%
romangt87	134,879,424,045	100%
maryfavour	22,977,710,890	100%
gladbhoy	811,502,389	100%
jacgag	363,731,609	100%
lamdo2018	151,155,731	100%
alexpfeiffer	88,581,747,834	100%
dimitrya123	2,369,538,995	100%
pepe.maya	380,413,388	100%
trafalgar	2,852,644,812,380	61%
alexrickard86	2,367,175,877	100%
fernwehninja	761,168,168	100%
cancanpl	614,840,662	100%
corn113	93,657,664,160	100%
eirik	474,186,663	100%
tinachung	658,905,916	100%
thomasgutierrez	390,621,050	100%
kimzilla	1,719,856,774	100%
auskipper	363,895,068	100%
sassal	68,641,914	100%
akkha	400,821,477	100%
zuheimi	228,082,815	100%
anthonydouglas	1,195,799,369	100%
rdollarsign	6,923,866,584	100%
contextualize	1,046,985,063	100%
whitesj40	10,362,428,312	100%
alinabarbu	986,753,945	100%
awesomianist	1,193,611,504	100%
piotrdab	1,169,612,756	100%
prakashghai	1,074,129,740	100%
thegreatomski	1,748,867,679	100%
sraseef	1,145,724,968	100%
spluff	1,193,463,394	100%
noobsly	1,193,463,051	100%
lccals	1,193,462,846	100%
astvdillo	1,193,458,451	100%
ordinaryperrry	1,193,458,353	100%

@alinabarbu · Apr 18 '17

$1.21

Looking good. Thanks for the update :)

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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properties (23)vote details (9)

voter	rshares	pct
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pairmike	79,433,621,860	100%
nomoreheroes7	15,410,824,039	100%
gavvet	3,844,486,949,543	100%
steve-walschot	42,282,738,736	100%
dirty.hera	168,932,835	100%
ejhaasteem	23,782,594,403	100%
tamersameeh	461,797,931	100%
fisteganos	14,088,704,233	80%

@gavvet · Apr 18 '17

Only a pleasure.

👍 alinabarbu
👎 berniesanders, steemservices

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properties (23)vote details (3)

@amir55 · Apr 19 '17

maybe steem is very good of coin to pump

👍 awgbibb

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
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@ardina · Apr 18 '17

$2.04

thanks för bra inläg

👍 gavvet, ramta, barbro, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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properties (23)vote details (11)

voter	rshares	pct
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pairmike	75,651,068,438	100%
nomoreheroes7	14,794,391,077	100%
gavvet	3,684,299,993,312	100%
steve-walschot	41,401,848,346	100%
ramta	1,619,478,928,277	100%
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@gavvet · Apr 18 '17

thanks

👍 ardina
👎 berniesanders, steemservices

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properties (23)vote details (3)

@awgbibb · Apr 19 '17

$1.25

Thanks for the information, Good to have someone paying attention( unlike me)

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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properties (23)vote details (9)

voter	rshares	pct
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pairmike	75,655,189,045	100%
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gavvet	3,845,379,864,214	100%
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@azfix · Apr 18 '17

$1.18

It has been a wild ride in the short time I have been here, I can see so many reasons why the price will continue upwards.

👍 gavvet, pairmike, steve-walschot, lovejoy, azfix, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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properties (23)vote details (10)

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@gavvet · Apr 18 '17

Agreed, and the market the last couple of weeks seems to agree with you that it will keep going up.

👍 awgbibb, knho
👎 berniesanders, steemservices

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properties (23)vote details (4)

@barvon · Apr 19 '17

$1.18

For me this is a beautiful post, when I read it and understand it quickly.
You are a great writer, the way you explain it to be easy to understand. I really like that.
Thanks @gavvet have made a post about this steem price, i can learn from your way this.

👍 gavvet, awgbibb, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, tamersameeh, dirty.hera

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`children`	0
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properties (23)vote details (9)

voter	rshares	pct
lovejoy	33,959,336,884	100%
pairmike	75,655,189,045	100%
nomoreheroes7	13,169,549,734	100%
gavvet	3,525,727,958,843	100%
steve-walschot	40,789,819,151	100%
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awgbibb	127,316,270,979	100%
ejhaasteem	20,316,249,360	100%
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@bhavnapatel68 · Apr 18 '17

$1.19

What an encouraging post @gavvet. It builts the hopes of the ones who are not understanding the system and wanting to give up.

👍 gavvet, pairmike, bhavnapatel68, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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properties (23)vote details (10)

voter	rshares	pct
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pairmike	79,433,621,860	100%
nomoreheroes7	15,102,607,558	100%
gavvet	3,764,393,471,427	100%
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@gavvet · Apr 18 '17

The key is to stick around... I'm in this for the long haul.

👍 awgbibb, hedge-x, deanliu, bhavnapatel68
👎 berniesanders, steemservices

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properties (23)vote details (6)

@bhavnapatel68 · Apr 18 '17

I agree

properties (22)

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@bleujay · Apr 18 '17

$1.13

Thank you for posting @gavvet.

You have answered the query on Steemians minds today.  Appreciate the graphs and commentary.

Cheers.

👍 gavvet, awgbibb, steve-walschot, lovejoy, solidgold, ejhaasteem, fisteganos, tamersameeh

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properties (23)vote details (8)

voter	rshares	pct
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gavvet	3,604,206,515,196	100%
steve-walschot	39,640,067,565	100%
solidgold	25,260,919,107	100%
awgbibb	122,600,853,535	100%
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fisteganos	12,881,101,013	80%

@buzzbeergeek · Apr 18 '17 (edited)

$1.14

I was so sure it was pump and dump and then another massive buy later. What a pleasant surprise! STEEM is a gateway drug into crypto!

👍 gavvet, pairmike, eroche, steve-walschot, lovejoy, steevc, ejhaasteem, nomoreheroes7, fisteganos, buzzbeergeek, tamersameeh, dirty.hera

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@gavvet · Apr 18 '17

It was a great surprise and points to something, time will tell exactly what, but from where I am standing it sure looks good.

👍 buzzbeergeek
👎 berniesanders, steemservices

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@buzzbeergeek · Apr 18 '17

Are you flagged twice because you are a whale?

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2 replies

@christoph3 · Apr 19 '17

$1.09

Nice work and will always believe in SP!🐳

👍 gavvet, awgbibb, christoph3

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@cryptomancer · Apr 19 '17

$1.18

Yay for Asian countries!  I'm especially happy to see that growth seeing as I'm living in one.  :-)

I've learned to be skeptical of Steem pumps and tend to stop all buying activity until prices subside again, but I have to admit this is starting to look more promising than it has in a while.  I would like to see a bit more consolidation in this range without any more sharp upward movements.  The longer Steem trends sideways, the greater the chances of actually seeing a sustained uptrend develop.  At this point, I've accumulated enough that I'm pretty much immune to FOMO, so I'm taking a wait-and-see approach and will probably buy any further dips down toward the 15k area.

I have faith that we will eventually see $1 Steem again, it's just a matter of how long it will take.  And I'm a patient man.

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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@gavvet · Apr 19 '17

Much of my sentiment expressed here, I don't think $1 STEEM will take too long and by next year this time, who knows but I think $ double digit steem is on the cards within a year or three.

👍 cryptomancer
👎 berniesanders, steemservices

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@cryptomancer · Apr 19 '17

Double digit Steem... oh man, one can dream.  All I know for certain is the future looks bright, and lots of good changes are coming down the pipeline in the 2017 development roadmap!  It's going to be quite an exciting year, will be fun to see how it all plays out.

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@deanliu · Apr 18 '17

$1.21

Anyoung haseyo! Nihao! Selamat Pagi! :)

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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@gavvet · Apr 18 '17

$1.81

我很好！

👍 gavvet, ramta, barbro, deanliu, steve-walschot
👎 berniesanders, steemservices

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@deanliu · Apr 18 '17

LOL... are you sure? ok, two negation equals positivity ... :)

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1 reply

@deanliu · Apr 18 '17 (edited)

btw, my news scanning result is here, which might help pushing the price as well
https://steemit.com/news/@deanliu/one-week-in-media-steem-is-doing-great

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@demotruk · Apr 18 '17 (edited)

$1.13

Damn that Asian traffic is incredibly bullish. We certainly lost momentum with the hard fork, but in those two regions it is clear that in just a matter of weeks traffic is beating the highs yet again, despite the rewards still being pretty low.

Also, I am glad Steem is so volatile at the same time. We are going rapidly up, but the big downward shake outs ensure that Steem ends up in the hands of people who genuinely believe in its future outlook. Of course some strong hand speculators will still ride all the way to the top, and we'll still have a big dump in the end, but that's all part of the market process...

Edit: I also notice that Western Asian traffic is at an all time high. It seems to be the only region included in the graphs which is actually beating July traffic.

👍 gavvet, pairmike, eroche, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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@gavvet · Apr 18 '17 (edited)

Yup, the Asian bull is showing signs of starting to run...

👎 berniesanders, steemservices

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@doitvoluntarily · Apr 18 '17

$1.21

thanks for updating us on it!

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

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@gavvet · Apr 18 '17

Sure thing.

👎 berniesanders, steemservices

properties (23)vote details (2)

@eric-boucher · Apr 18 '17

$1.14

Wow, from the graph data, the Asian regions have majorly contributed to our growth over the past few days! Thanks for sharing your information with us all. It is something I always find myself interested in.

Namaste  :)

👍 gavvet, eric-boucher, awgbibb

properties (23)vote details (3)

@harferri · Apr 18 '17

$1.52

This is a good news for all of us, I am also very pleased we are from Indonesia could be contributing to the rising value of steem, I think this post is very nice and thank you my friend @gavvet for this information

👍 gavvet, demotruk, pairmike, steve-walschot, lovejoy, ejhaasteem, irawandedy, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (11)

@gavvet · Apr 18 '17

Indonesia seems to be concentrated in Medan or is that just the way the IP's are routed?

👍 harferri
👎 berniesanders, steemservices

properties (23)vote details (3)

@demotruk · Apr 18 '17

I would guess that the Acehnese traffic is being routed through Medan. You can see from both the tag activity and Google Trends that 90%+ of the Indonesian activity on Steemit is from Aceh.

properties (22)

2 replies

@ivand83 · Jun 12 '17

Do you think that STEEM could grow more and more? What your opinion about this recent trend?

properties (22)

@jamesbrown · Apr 18 '17 (edited)

$1.25

<center><img src="https://www.tradingview.com/x/o2ObkdpX/"></center><br>

*Source:* https://www.tradingview.com/x/o2ObkdpX/

This is a super significant price level for Steem.  It's not only trading within a price zone that's had a lot of selling pressure in the recent past (shown by all the candle wicks within the yellow rectangle on the above daily candle chart), but it's also testing the 200 day simple moving average (pink line) for the first time (unless you consider the super long wick of the candle at the far left of the yellow rectangle to be a test, in which case this would be the second test of that moving average).

I don't expect price to be able to stay above the 200 average for long, for two reasons: 

1.) as I mentioned, this is only the first test of it after trading below it since...well, forever.  Markets tend not to allow price to escape the "momentum" of the long term averages, which brings me to my next point.

2.) the 200 average has a very steep down-slope, which makes this a very low probability point of continued price appreciation (short-term).  This type of set-up with the 200 average leads to the average having a "pulling effect" on price, which tends to sling shot it back downwards, as that has been the strong long term momentum of the market (clearly indicated by the long-term average).

Having said that, I see the current price action of Steem as a definite positive and I believe price is indicating a possible pivot into a long-term uptrend (just not "confirmed" yet).  I say this for a couple of reasons.  

The 200 average test is one obvious indicator of change (of pattern), but, in itself, doesn't say much about chances of changing trend.  More positive for me is the fact that both the 50 (red line) and 100 (blue line) moving averages are below price and moving up (in the case of the 50) or flat (100), on top of the recent "ranging market" (price moving mostly sideways) condition of Steem, which has been a real rarity.

Prices tend to range for a while before a change of trend, as strong buyers slowly accumulate from the strong, but slowly dissipating pressure of the sellers, until that selling pressure runs out...then, look out for the rocket shot!

👍 gavvet, cryptomancer, pairmike, eroche, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera, artificial

properties (23)vote details (12)

@gavvet · Apr 19 '17

Seems like your analysis was correct, a little drop soon after it but it's bounced of the previous floor.. many range here for a week or two

👎 berniesanders, steemservices

properties (23)vote details (2)

@jamesbrown · Apr 19 '17

$0.03

Yeah, I believe the highest probability scenario is for it to range until the momentum of the 50 SMA "catches up" to price.  Things could get interesting if price gets squeezed between it (or the 100 SMA) and the 200 SMA.  We could get a bollinger band squeeze type of breakout... either direction, really.

But, like I said in my previous comment, things are looking positive for Steem price for the first time in a Loooooooooong time (relative to technical analysis), so my bet is on UP.

👍 jamesbrown

properties (23)vote details (1)

@jlufer · Apr 18 '17

$1.12

Excellent information dear friend @gavvet, thank you very much for your point of view

👍 gavvet, awgbibb, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (10)

@lasseehlers · Apr 18 '17

Hey @gavvet, have you signed up at Bitconnect yet? If not, I recommend that you signup right now, with my link (https://bitconnect.co/?ref=lasseehlers ) and get part of this coin and revolution... its a trading bot, that trade bitcoins, a referral program, trading, lending out bitcoin and mining... its a genius system.. and I hope you want to be part of it.

Bitconnect is the next big thing in crypto and I hope you guys will use my link...

BR
Lasse

👍 jetsetter503

properties (23)vote details (1)

@muth · Apr 18 '17

$2.06

Interesting content, I am happy if the value steem back riding and I want to invest in steem, but today I just learned about crypto and hopefully be able to invest in the steem in the near future @gavvet

👍 gavvet, ramta, barbro, themagus, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, dimitrya123, tamersameeh, dirty.hera

properties (23)vote details (12)

@gavvet · Apr 18 '17

Enjoy the journey, crypto is a wild ride.

👎 berniesanders, steemservices

properties (23)vote details (2)

@muth · Apr 18 '17

thank you @gavvet

properties (22)

@olga.maslievich · Apr 18 '17

Great work! Thank you for sharing!

👍 awgbibb

properties (23)vote details (1)

@jetsetter503 · Apr 19 '17

a lot of work; great output/conclusions

👍 awgbibb

properties (23)vote details (1)

@steevc · Apr 18 '17

$2.92

Looks like lots of people are getting into crypto and looking for coins to invest in. Steem is benefiting from this. They need to learn that it's more than just a currency. If they power up then they will earn a little interest, but then they do lose the ability to sell quickly. I'd rather see steady price rises than the 200% gains we see sometimes on other coins that just get dumped the next day. Fun times

👍 gavvet, ramta, hedge-x, kus-knee, barbro, sonzweil, romangt87, pairmike, deanliu, steve-walschot, lovejoy, riskdebonair, ejhaasteem, nomoreheroes7, fisteganos, okean123, buzzbeergeek, dimitrya123, sraseef, tamersameeh, dirty.hera

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@gavvet · Apr 18 '17

$3.65

Steady growth indicates investment which is a far more positive sign for long term prospects than massive pumps followed by massive dumps.

👍 gavvet, tamim, ramta, demotruk, barbro, bleujay, steve-walschot, steevc, riskdebonair
👎 berniesanders, steemservices

properties (23)vote details (11)

@tamim · Apr 18 '17

$1.14

Yes! I was also surprised to see that STEEM was rising alongside BTC - usually it's the inverse.

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (9)

@hedge-x · Apr 18 '17 (edited)

$1.24

Steemit beats the hell out of Reddit or Medium right now.  We just need more exposure.  One way is just to get that price up.  The rewards pool seems to be more fair now, so its time to get the communities and many Steem apps going!

👍 gavvet, pairmike, steve-walschot, lovejoy, steevc, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (10)

@noobsly · Apr 18 '17

$2.11

I've only just heard about it, really like the application of the technology. It's definitely still an emerging market very much in it's infancy, with massive potential. Really looking forward to seeing where it goes.

👍 gavvet, ramta, barbro, pairmike, steve-walschot, lovejoy, steevc, riskdebonair, maryfavour, ejhaasteem, nomoreheroes7, fisteganos, dimitrya123, tamersameeh, dirty.hera

properties (23)vote details (15)

@steevc · Apr 18 '17

Welcome to Steemit. It could really shake things up as people are earning without relying on ads like most other sites. I hope to see lots of new business models built on it.

👍 noobsly

properties (23)vote details (1)

@tamim · Apr 18 '17

$1.10

You articulated my thoughts in plain and simple language. Thank you!

👍 gavvet, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (9)

@gavvet · Apr 18 '17

Thanks

👎 berniesanders, steemservices

properties (23)vote details (2)

@tamim · Apr 19 '17

$1.24

It looks like it's holding its gains at around 20000 satoshis.

👍 gavvet, awgbibb, pairmike, steve-walschot, lovejoy, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (10)

@tinachung · Apr 18 '17

Number one is the best..
Excellent information..
Upvote and resteem @gavvet
😘😗😙😚

👍 awgbibb

properties (23)vote details (1)

@williambanks · Apr 18 '17

$3.26

Personal opinion here, but the price of STEEM is most likely being bouyed by the rise in altcoins in general.  If you take some of the simpler bots that look at just fundamentals like MACD cross, then STEEM looks like a real strong buy because everything above it is over bought.

It's the end of the fiscal year in the USA.  Many people are getting their tax returns and looking for a place to invest.  Some of these people are new to crypto and they might be buying bots to manage small crypto portfolios.

It would explain the rise of the alts in general, and I think when a coin begins to look overbought, then they just sell and go to the next coin down the list :D

👍 gavvet, tamim, kus-knee, emilhoch, cryptomancer, thecryptofiend, pairmike, hilarski, steve-walschot, lovejoy, steevc, ejhaasteem, nomoreheroes7, fisteganos, cebymaster, middle-theory, dimitrya123, raddog, nelu.ceban, tamersameeh, dirty.hera, artificial

properties (23)vote details (22)

@gavvet · Apr 18 '17 (edited)

$0.62

I'm sure that it's many reasons, and these ones you mention as well. At least its not the full pump and dump of other alts so far. STEEM is behaving a little differently. Where does the strong accumulation that generally preceding each rise feature in your calculations because to me it looks like a good percentage of it is being held onto.

👍 tamim, cryptomancer, thecryptofiend, steemvest17
👎 berniesanders, steemservices

properties (23)vote details (6)

@son-of-satire · Apr 19 '17

$1.14

Could it not be something a lot simpler? For example; Up until the recent hardfork, there has been a higher inflation rate due to higher rewards. Now, while the pool is refilling, the rewards are considerably lower, meaning there is less pressure on the price of STEEM increasing because there is less STEEM being created and added to the marker.

👍 gavvet, pairmike, steve-walschot, jeff-kubitz, lovejoy, williambanks, ejhaasteem, nomoreheroes7, fisteganos, tamersameeh, dirty.hera

properties (23)vote details (11)

@gavvet · Apr 19 '17

Perhaps, an interesting possibility, but author rewards are minuscule compared to whats already in the market.

👎 berniesanders, steemservices

properties (23)vote details (2)

@jeff-kubitz · Apr 19 '17

You are right as the amount of Steem I have received is not too good since the hard fork

👍 jeff-kubitz

properties (23)vote details (1)

1 reply

@noganoo · Apr 20 '17

@berniesanders mocks people for being sexually abused when they were children.  Community remains silent.

![2017-04-19 16_22_04-Noganoo - Hero_ Victim_ Menace_ And what about you_ — Steemit.png](https://steemitimages.com/DQmfAQi3ioXEWvJMmruuYqKdkr9hidQopLL25euwXGwu3Yh/2017-04-19%2016_22_04-Noganoo%20-%20Hero_%20Victim_%20Menace_%20And%20what%20about%20you_%20%E2%80%94%20Steemit.png)

👎 berniesanders, pfunk, steemservices, yougotflagged

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ejhaasteem	23,782,594,403	100%
tamersameeh	461,797,931	100%
fisteganos	14,088,704,233	80%

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voter	rshares	pct
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pairmike	75,651,068,438	100%
nomoreheroes7	14,177,958,115	100%
gavvet	3,524,113,037,081	100%
steve-walschot	39,640,067,565	100%
dirty.hera	168,932,835	100%
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pfunk	-1,504,363,771,264	-100%
yougotflagged	-210,589,275,658	-50%