The Daily Steem #8: Steem is Down Another 19% Today, Testing $1, Time to Power Up?steemCreated with Sketch.

in #steemit7 years ago

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Thanks for checking out today's issue of The Daily Steem! Its all about what's been happening at Steemit, a rundown of the big accounts, the trading activity, hot posts, and anything else I can think to add at the time. I'm looking to improve this report by adding more data etc...but it really depends what people want to see, so if you enjoy it please give me feedback ( @moneybags ) on how to improve it.

STEEM/BTC Market Performance Over the Past 24 Hours

Steem has continued its decent lower, while Bitcoin has fallen to about $2,300USD Steem remains under significantly more pressure falling 19% today against US Dollars and 17% against BTC.
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Is this still time to buy or should we hold off, personally I have been converting the money from previous 50/50 posts to Steem and powering up, its not much but the cheaper it gets the more I get. What's your plan for, buying/selling?
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Todays Top Authors

The top earner was @sandwich with a huge 586SP, with all but one of the top 10 Steemians earning over 200 SP over the past 24 hours by authoring content. Welcoming @craig-grant to the list (i'm sure he's been on it before, but with recent power ups he's stronger than ever!). If you know of an author who didn't earn anything close to this amount, but think they should have, then please link to their blog below and we'll consider adding a top list for the next edition of The Daily Steem.
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Todays Top Curators

Posting blogs isn't the only way to strike it rich, these content curators took home some massive rewards as well, especially @abit who continues to crush the leaderboard day after day, clearly has something figured out, and having a 2 million SP account can't hurt either. You'll need a large account to score well in curation rewards though, as whales beget whales here.
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What Activities Generate the Most Steem?

Well hands down the answer is authorship, writing blogs is key if you want to grow in the community, but on top of just publishing content, you also need to grow your own power, network, and community in order to have people help curate your posts towards the Hot and Trending areas where most of the magic happens. So keep on blogging, even if you aren't getting traction, you will, hang in there!
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Biggest Power Ups Over the Past 24 Hours

And welcoming some new whales this week, and some that are just growing, here are the 10 biggest power ups from the past day. Great to see some new big money entering the Steem economy.
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The 25 Richest Whales

Seven of the top 25 richest whales are currently powering down. The poorest of these whales still has an account valued at just under $1 million, must be nice! Only four are powering down though, hang on!
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Questions, comments, feedback? We want to hear from you #dailysteem @moneybags

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Nice post, very informative. I'm glad I bought some steem recently when it was down, and I hope it will go back up soon