Every two weeks or so I like to compare the current power-up statistics and see how we stand.

Here they are:

17 August 2019

Virtual Supply ≈ 357,992,426 STEEM

31 August 2019

Virtual Supply ≈ 360,115,520 STEEM

Bam! We are above 200 million vested STEEM again! It's been a while.

This is happening even though big accounts are still powering down.

Inflation is also back to normal now that SBD conversion has mostly stopped. (fail safe kicked in @ 21 cents)

In the last two weeks, we saw an increase in powerups of 0,8 million STEEM.

It's been going up slowly for 8 weeks now. I consider that a very positive sign.

STEEM price has not bottomed as I expected here.

I've waited a few days for the price to come down and are now adding more STEEM to my account.

Nothing beats buying STEEM straight up if you ever wanted a little more. It's just the way it is with current markets.

When this is no longer the case, and STEEM is too expensive to buy, this blockchain is going to fly like you never seen before.

Do you think there is competition now? O man...you have no idea. And with #newsteem around this time, you better bring your A-game.

From previous experiences with STEEM, I expect a real signal for a potential reversal to be a fairly violent up move over several days. It's going blatantly clear when it happens I expect.

Can be today, can be years from now. I don't know. All I know when STEEM goes up above a certain price level what I have is what I have.

Next report in two weeks!

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