According to http://steemwhales.com/ , of the 25 top whales, 13 are currently powering down. That's a huge amount of STEEM that could possibly be released into the market every week !
Now don't get me wrong, I know that most of these people invested in STEEM in its infancy and would like their money back and that's ok, but the number of STEEM getting into the market is way too high, if the supply exceeds demand by this much, that could mean STEEM price will go into nothingness.
We wouldn't want that, would we ?
Please, everyone that is powering down, check if you really need those huge amounts of money every week. You could possibly be destroying one of the most original ideas of this decade.
If you do power down...
Can you at least not dump huge amounts into the system at once, at extremely low prices ?
The sad part
This process is probably unstoppable, there is just too much STEEM being produced each week, the process can be slowed down by introducing STEEM to new exchanges and by pledging to not power down, but nobody can control over 50 000 people and control is not a good thing either....
Let's figure something out
Now now, don't be sad. Steemit is made out of creative and skilled people like you. I'm sure there is something that can be done !
