I am very curious about how frequent and fast the transfers happening now in Steemit platform. I am thinking on how sudden increase of steem dollar value has affected the surge of SBD trading activities . There are some people doing some steem purchasing for powering up and some others do some fast withdrawals taking advantage of what's happening.
Also, there has been an increase of their withdrawn rewards. First, converting their steem dollars to bitcoin or in to any crypto currency. After that, changing them to their countries currency which makes it a double effect advantage for them.
What I mean is that the rewards generated by Steemit have great potential of making the amount double than the expected value. This is a great opportunity and strategy for those who wants to have higher rewards. The success rate has been really awesome and I'm hoping that it would continue for a longer time.
In the Transfer process we would be seeing many people transferring balances from one account to another account. For now, steem dollar is greater compared to the steem value in terms of USD . We would expect many people taking advantage of this one , they could potentially increase its steem power.
Now we will try to generate data and try to analyse their frequencies.
A. Scope of Data Gathered
Data extracted December 15 5:49 AM UTC Time
Extracted from steemsql by @arcange
Withdrawals and Transfer related data
B. Monitoring Transfer Traffic
As we check on the graph generated we have seen that there is lesser Steem traffic than Steem Dollar traffic . For the Total Traffic we have seen that it has surpassed 20,000 transfers on around November 1.
November 2017 Transfer Activity
December 2017 Transfer Activity
As we see in the graph there had been a rise of transfers around December 2017 which currently surpassed 24,000 total transfers. It did great traffic on the transfer side, this is due to high rise of steem dollar value.
We have seen also that steem transfers are picking up , it almost overtake the total transfer traffic of steem dollars.
Comparison Analysis
We have seen that December 2017 have really improve its traffic and there is a huge possibility that it will continue generating high traffic within last week of December.
C. Power up through Steem
November 2017 Power up Traffic
As we check in the graph we have seen fluctuation of steem dollar happening for November , there have been no stable activity. The reason behind is that some people are waiting for a better steem dollar to steem value conversion before they are doing some powerups.
The price of steem dollar that time is around 0.9 USD and sometimes when it reaches above 1 USD, people are taking advantage to it and quickly exchange their steem dollar to steem for powerup. That is why in the graph we can see fluctuation of powerup transfer.
December 2017 Power up Traffic
In the graph there has been a big change it started this December 2017 , the steem dollar really increase very much from 5 USD to around 10 USD. That is why Steemit received too much traffic generated by powerups.
We would be expecting more improvements coming in 3rd week or last of December 2017.
Comparison Analysis
Comparing November 2017 and December 2017 based on the generated graph , there has been a huge difference between its progress. December 2017 improved very well and so on.
Steem Dollar might increase more of its current value in 3rd week or last week , we would be expecting more powerups.
D. Transfer to Savings Traffic
November 2017
There are also people keeping their steem dollar to their savings and we see some activity happening. It might be not that high.
December 2017
Around December 2017 we are still seeing some transfer to savings. Number of transferring to saving didn't even surpassed 190 transfers, so that means people are not keeping the savings instead they are waiting for steem dollar transfer for withdrawal or some steem power up.
Comparison Analysis
We have seen some transfer to savings happening on December 2017 than November 2017. There have been a slight improvement for December 2017 in terms of its Statistical Data.
Final Analysis
- December 2017 will be a great month for both old and new Steemit members. With the full blast happening on Steem Dollar value, we would expect that members will greatly improve their Steem Power.
- We will be seeing also a huge amount of transfer traffic by 3rd week to last week of December 2017.
- For 3rd week or last week of December 2017 , Steem Dollar value will possibly reach 15 to 20 USD.
- Members will prefer to do some power ups than making some withdrawals from their accounts, since we all know that building steem power will potentially you account generate higher rewards.
Posted on Utopian.io - Rewarding Open Source Contributors