Visualizing STEEMIT Internal Market 11 March ‘18 – BlockChain Business Intelligence
Steemits internal market is used on a daily basis. For many the transaction is simple. SBD earned as post rewards is converted to STEEM. However for some, the internal market is used to trade SBD/STEEM on a daily basis.
One of the benefits of using the internal market is zero cost. Unlike other exchanges, there is no cost in using Steemits internal market to trade. But there is also some drawbacks. One of which is the lack of visualisations. The Steemit internal market only shows Market Depth, open orders and a limited view of recent closed orders.
To address this issue of lack of visualisations and to aid those that wish to trade SBD/STEEM on the internal market, I have devised some visualisation which I intend on sharing daily.
Over time I hope to improve on this report by adding more analytics that will aid in your decision making.
Snapshot taken 12:00 GMT 10 Mar. 18. Time shown GMT
1 Jan ‘18 to Present – Daily Spread, Average Daily Exch. Rate, Daily SBD Volume
Yesterday 15 min Average Exch. Rate and SBD Volume
Today 15 min Average Exch. Rate and SBD Volume
1 Jan ‘18 to Present –Average 1h Exch. Rate
10 Day– Average 1h Exch. Rate
Yesterday – Average 1h Exch. Rate
Today – Average 1h Exch. Rate
You can interact with this report in the link below however this is not a live report. Last refresh 12:00 Sun 11th March
Very good post, so detailed
Thank you very much for the upvote
This is fantastic @paulag!
I only just stumbled upon you and followed you. Not long after that I was thinking I wonder there is an easy way to visualise the internal steem market. I’m resteeming this - thank you!
And I have some sbd in my poloniex wallet. I can’t send or witdraw sbd to any other market. Instead I think you can exchange in other currencies in its own poloniex market. So exchanging in blocktrade must be the first option for sbd/steem exchanges
Could you please create a visualization from last year when the value of 1 SBD was about 1 USD. Would such a visualization show a more stable market?
I have some ideas for Steem blockchain changes to return the value of 1 SBD to 1 USD so that SBD can once again offer the stability for which it was designed.
I would appreciate if the ideas were reviewed and criticised if necessary.
https://steemit.com/utopian-io/@mkdouglas/decentralized-autonomous-steem-central-bank-for-maintaining-the-1-to-1-sbd-peg-to-the-usd
single truly stumbled upon you and followed you. Not protracted after that I was opinion I awe here is an straightforward road to visualise the inside steem market. I’m resteeming this - be grateful you!
Such a great analysis! Upvoted
For external markets, a good start is here - https://www.tradingview.com/symbols/STEEMUSD/
Good analysis, appreciate the effort to datamine and produce these charts.