The Top 50 Accounts Transferring to and from Exchanges
Dan and Ned: If you see this, please also read my question below the commentary. Thanks.
USD values are calculated per day via API feeds from poloniex (for STEEM and SBD values in BTC) and coindesk (for USD value of BTC). For the hourly breakdown graphs, I show the USD values using the weighted average for that day. For the top 50 reports in USD terms, I then took the average USD value for STEEM and SBD for the week using the daily average which came out to:
- STEEM: $0.41880
- SBD: $0.92394
Previous Report:
- STEEM: $0.52926
- SBD: $0.90336
Assumptions
Please see the first report for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.
Previous Reports
- 9/25/2016 to 10/01/2016
- 9/20/2016 to 9/26/2016
- 9/12/2016 to 9/19/2016
- 9/4/2016 to 9/11/2016
- 8/28/2016 to 9/3/2016
- 8/21/2016 to 8/27/2016
- 8/14/2016 to 8/20/2016
- 8/7/2016 to 8/13/2016
- 7/31/2016 to 8/6/2016
- Summary Report: 06/01/2016 to 08/19/2016
Exchange Transfer Activity from 10/02/2016 to 10/08/2016
First included transfer: 2016-10-02T00:28:39+00:00
Last included transfer: 2016-10-08T23:59:15+00:00
----------------------------- Exchanges ------------------------------
@poloniex STEEM transfer total: 405,302.402
@poloniex SBD transfer total: -31,785.775
@bittrex STEEM transfer total: -102,706.623
@bittrex SBD transfer total: 12,110.689
@blocktrades STEEM transfer total: 1,873.899
@blocktrades SBD transfer total: 8,011.184
@openledger STEEM transfer total: -1,744.812
@openledger SBD transfer total: -484.000
@hitbtc-exchange STEEM transfer total: 4.318
@hitbtc-exchange SBD transfer total: -194.017
@hitbtc-payout STEEM transfer total: -5.284
@hitbtc-payout SBD transfer total: 753.678
@changelly STEEM transfer total: -11,797.301
@changelly SBD transfer total: 3,383.286
------------------------- Total Transferred --------------------------
Total STEEM transferred: -290,926.599
Total SBD transferred: 8,204.955
Total USD transferred: ($ 114,257.99)
--------------------- Withdrawl to Deposit Ratio ---------------------
Accounts withdrawing: 756
Average withdrawal amount: ($ 319.30)
Median withdrawal amount: ($ 21.24)
Accounts depositing: 192
Average deposit amount: $ 168.16
Median deposit amount: $ 43.81
Ratio of withdrawals to deposits: 3.94/1
TOP 50 WITHDRAWALS
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | @steemfest: | ($ 35,938.01) |
| 2 | @steemed: | ($ 10,910.33) |
| 3 | @fairytalelife: | ($ 10,225.85) |
| 4 | @ned: | ($ 9,172.03) |
| 5 | @val-a: | ($ 8,375.92) |
| 6 | @smooth-c: | ($ 8,267.30) |
| 7 | @berniesanders: | ($ 6,781.10) |
| 8 | @furion: | ($ 4,916.61) |
| 9 | @rainman: | ($ 4,888.11) |
| 10 | @steempower: | ($ 4,401.73) |
| 11 | @wayfairer: | ($ 4,308.33) |
| 12 | @summon: | ($ 4,207.91) |
| 13 | @tomoaki: | ($ 3,383.87) |
| 14 | @charlieshrem: | ($ 3,365.17) |
| 15 | @bitfilm: | ($ 3,210.04) |
| 16 | @help-yourself: | ($ 2,882.61) |
| 17 | @pharesim: | ($ 2,764.06) |
| 18 | @cloop1: | ($ 2,761.96) |
| 19 | @complexring: | ($ 2,598.24) |
| 20 | @jacor: | ($ 2,588.87) |
| 21 | @ozchartart: | ($ 2,587.03) |
| 22 | @kush: | ($ 2,358.03) |
| 23 | @anastacia: | ($ 2,295.19) |
| 24 | @riverhead: | ($ 2,243.68) |
| 25 | @nextgencrypto: | ($ 2,175.25) |
| 26 | @wang: | ($ 2,107.38) |
| 27 | @ani625: | ($ 2,013.31) |
| 28 | @steemrollin: | ($ 1,869.49) |
| 29 | @xeroc: | ($ 1,847.88) |
| 30 | @storyseeker: | ($ 1,706.22) |
| 31 | @marius19: | ($ 1,675.18) |
| 32 | @brunopro: | ($ 1,669.72) |
| 33 | @perspective: | ($ 1,561.20) |
| 34 | @steemq-funds: | ($ 1,515.50) |
| 35 | @silversteem: | ($ 1,494.28) |
| 36 | @drunchpunk: | ($ 1,377.79) |
| 37 | @kushed: | ($ 1,375.65) |
| 38 | @dele-puppy: | ($ 1,302.46) |
| 39 | @ericvancewalton: | ($ 1,284.39) |
| 40 | @sirwinchester: | ($ 1,273.04) |
| 41 | @paws1t1veev: | ($ 1,193.98) |
| 42 | @jesta: | ($ 1,175.22) |
| 43 | @knozaki2015: | ($ 1,129.35) |
| 44 | @kencode: | ($ 1,099.70) |
| 45 | @calaber24p: | ($ 1,098.91) |
| 46 | @abdul: | ($ 1,058.31) |
| 47 | @infovore: | ($ 1,026.50) |
| 48 | @tinfoilfedora: | ($ 1,026.15) |
| 49 | @recursive: | ($ 999.04) |
| 50 | @sweetsssj: | ($ 975.76) |
TOP 50 DEPOSITS
| Account | Net Transfer Amount | |
|---|---|---|
| 1 | @smooth-d: | $ 14,598.22 |
| 2 | @clayop: | $ 6,552.06 |
| 3 | @fyrstikken: | $ 6,396.31 |
| 4 | @ioc: | $ 6,102.73 |
| 5 | @luckyguy: | $ 5,867.31 |
| 6 | @thisvsthis: | $ 5,866.03 |
| 7 | @abdullar: | $ 5,335.88 |
| 8 | @ramta: | $ 5,026.37 |
| 9 | @cass: | $ 4,042.07 |
| 10 | @nanzo-scoop: | $ 3,278.68 |
| 11 | @goldenunicorn: | $ 3,271.56 |
| 12 | @inchonbitcoin: | $ 3,045.54 |
| 13 | @james-show: | $ 2,604.99 |
| 14 | @dimimp: | $ 2,604.84 |
| 15 | @roland-hicks: | $ 2,520.41 |
| 16 | @coldstorage1: | $ 2,373.50 |
| 17 | @vortac: | $ 2,345.31 |
| 18 | @booja: | $ 2,079.38 |
| 19 | @sunsallo: | $ 2,048.41 |
| 20 | @jsg: | $ 1,997.52 |
| 21 | @dongu: | $ 1,990.44 |
| 22 | @oldtimer: | $ 1,973.86 |
| 23 | @smooth-f: | $ 1,676.69 |
| 24 | @tommycoin: | $ 1,636.42 |
| 25 | @leesunmoo: | $ 1,552.93 |
| 26 | @secom: | $ 1,424.99 |
| 27 | @onceuponatime: | $ 1,379.27 |
| 28 | @robrigo: | $ 1,367.86 |
| 29 | @albensilverberg: | $ 1,268.99 |
| 30 | @screenname: | $ 1,194.36 |
| 31 | @renohq: | $ 1,170.79 |
| 32 | @thecryptofiend: | $ 1,058.55 |
| 33 | @naver: | $ 942.96 |
| 34 | @morning: | $ 865.97 |
| 35 | @inertia: | $ 837.59 |
| 36 | @paquito: | $ 837.58 |
| 37 | @dubi: | $ 810.70 |
| 38 | @very: | $ 796.49 |
| 39 | @twinner: | $ 695.78 |
| 40 | @freewallet.org: | $ 684.97 |
| 41 | @ssm1810: | $ 670.66 |
| 42 | @cryptos: | $ 667.67 |
| 43 | @ramblin-bob: | $ 642.79 |
| 44 | @ayawaska: | $ 609.73 |
| 45 | @dgiors: | $ 586.31 |
| 46 | @shaka: | $ 549.24 |
| 47 | @steemitsocial: | $ 543.54 |
| 48 | @jyp: | $ 537.81 |
| 49 | @clauca23: | $ 536.11 |
| 50 | @unosuke: | $ 535.33 |
Hourly Breakdown by Exchange
Here are the hourly breakdowns for the past week as interactive graphs. The code I use to get this data is on Github if you want to poke at it yourself.
STEEM
click the image for an interactive graph
SBD
click the image for an interactive graph
USD
click the image for an interactive graph
Commentary
For the second week in a row we've seen a drop in the ratio of withdraws to deposits at 3.94 to 1! Could this be a new trend? Previous ratios:
- 4.80 to 1
- 5.44 to 1
- 5.00 to 1
- 4.41 to 1
- 4.01 to 1
- 3.85 to 1
- 3.85 to 1
- 3.09 to 1
- 3.42 to 1
Let's state the obvious: The price of steem is still falling. Where will it settle? No one knows, but it did hang around twenty something cents for a while prior to July (though the supply of STEEM is much higher now).
@steemfest cashing out to prep for the conference, maybe?
@smooth-c took out a nice amount while @smooth-d topped the list this week on deposits.
No withdrawal from @dantheman this week. Interesting.
Last week's STEEM total: -337,567 (-101,063 if you exclude @steemit2), this week is -290,926.
Another positive amount of SBD going from exchanges to Steemit accounts at 8,204, though much less than last week.
Question for @ned and @dan / @dantheman:
The #price channel on steemit.chat is one of my favorites. Lots of interesting discussion not just on the current price, but also the future value of the platform. One question that comes up again and again goes something along the lines of "What the hell are Dan and Ned thinking, dumping on the markets with an early startup like this?" Okay, so maybe it's not really a question, but more of a completely unveiled criticism.
It's still a valid question.
As a bootstrapped business owner of 9+ years, I also wonder, why are you regularly pulling ~$10k each on your personal accounts out of such an early startup? Many startup owners don't take a salary for years (myself included). Dan gave an explanation a month ago in a comment, but that doesn't seem to satisfy many investors in the price channel. I think it's a rational decision to diversify, but is it a good long term one for a startup founder?
Without direct answers about your selling activity which is regularly defined as "dumping" via members of the price channel, all we have to go on is speculation (often negative while the perceived value tanks). I'd love to hear a more detailed explanation of your selling strategy (and that of @steemit and @steemit2 as well) which may bring more confidence to investors both past, present, and future.
Obviously, you don't have to do anything and can keep on dumping in silence. Maybe your goal is to make it easier for new whales to enter the market by driving the price down. Maybe you're so confident in your world domination strategy that you don't care at all what happens in the short term. If that's the case, I'm still confused by the dumping. And I'm not alone in that confusion.
If you do decide to answer, thank you in advance.
Steem On!
