Top 50 Liquid Steem Holders: HOOOODL!!

This post doesn’t have any other reason other than showing that there are not many people that can push the price further down at this point, and for me that is a good reason for holding my Steem and Powering Up.

Let’s take a look at the top 50 Liquid Steem Holders, these are the accounts that could transfer to an exchange right now and sell. Keep in mind that those who permanently hold their funds in exchanges are not taken into consideration.

1   @steemit 6,342,947.465 STEEM
2   @poloniex 2,942,261.052 STEEM
3   @bittrex  763,335.361 STEEM
4   @block1  200,000.000 STEEM
5   @alittle  128,871.297 STEEM
6   @blocktrades  117,767.195 STEEM
7   @aurel  98,317.758 STEEM
8   @ben  89,543.650 STEEM
9   @openledger  75,923.387 STEEM
10  @imadev  50,368.433 STEEM
11  @steemit2  49,999.000 STEEM
12  @afew  31,000.000 STEEM
13  @steemed  27,429.933 STEEM
14  @dantheman  22,455.069 STEEM
15  @steemit60  20,000.000 STEEM
16  @azeroth  18,168.710 STEEM
17  @dan  16,281.847 STEEM
18  @steem 15,555.310 STEEM
19  @taker  15,093.948 STEEM
20  @bnet  14,030.482 STEEM
21  @ashleigh  12,806.371 STEEM
22  @anastacia  12,000.052 STEEM
23  @analisa  11,888.149 STEEM
24  @cleta  11,246.480 STEEM
25  @steemit1  10,000.205 STEEM
26  @enki  7,344.858 STEEM
27  @ned  7,319.845 STEEM
28  @steemsports  6,019.191 STEEM
29  @expir  5,915.304 STEEM
30  @faddy  5,235.803 STEEM
31  @a4i-13e23a94  5,129.161 STEEM
32  @recursive  5,019.048 STEEM
33  @arsahk  4,944.402 STEEM
34  @freechina  4,853.937 STEEM
35  @lukewearechange  4,650.131 STEEM
36  @wetroofwoof  4,639.164 STEEM
37  @steemit-life  4,557.091 STEEM
38  @hitbtc-exchange  4,250.040 STEEM
39  @djohnston  4,247.063 STEEM
40  @markopaasila  4,148.489 STEEM
41  @b0y2k  4,143.028 STEEM
42  @expir601  3,949.546 STEEM
43  @felix.mg1  3,937.207 STEEM
44  @blakemiles84  3,745.768 STEEM
45  @freewallet  3,485.878 STEEM
46  @bento  3,474.513 STEEM
47  @mn12defgj1  3,443.144 STEEM
48  @squirrellywrath  3,428.015 STEEM
49  @freeforever  3,416.959 STEEM
50  @proskynneo 3,392.662 STEEM

Source: steemd.com/richlist

We can see on the chart that only the top 11 accounts can drastically affect the price at this levels. If we take into consideration that #2, #3, #6 and #9 are exchanges, that leaves us with only a few real threats.

The biggest possible seller is of course the #1 account: @steemit, but even when they have sold in the past we know they won’t and can´t do it all at once, they usually send funds to @steemit2 to sell and their last large sell was 3 weeks ago trough @blocktrades.

Now here is the exciting part, from account #12 and below there really isn’t many people who hold a significant amount of liquid steem, With the current price of steem the 31,000 Steem of @afew represents about $7,285 (11.56 BTC). Of course if they all sell at once it would be a problem but we all know this is unrealistic and not all of them are actually selling.

So, what does this mean?

On the one hand we are left to the faith of @steemit and a few of its developers. On the other, there really isn’t much liquid steem left to sell and some people stopped selling all together, in my opinion markets are so thin that it wouldn’t take a lot to take Steem back to 0.50 cents.

Ok, what about the daily payouts?

Yes, it’s true that most people sell whatever rewards they get for their posts, but this is becoming less and less significant considering the price fo Steem and the percentage of people who are powering up 100%. Another initiative that is taking a lot of liquid Steem and SBD off the exchanges is @steemsports, they are accumulating large part of the daily payouts and distributing it as Steem Power.

My personal conclusion..

DISCLAIMER: This is not trading advice, read the information and make your own decisions. I have been wrong in the past and will certainly be wrong again in the future.