So lately I have been seeing a lot of panic surrounding the fact that "whales" are powering down. People are saying that it's a Ponzi Scheme because the whales at the top are powering down and taking money out of Steemit so if they don't have faith in Steemit then why should you? This method of thinking in my opinion is WRONG and I'll tell you why.
Imagine you and some friends or colleagues created a social media platform that would change social media as we know it. Just within a few months this platform you have created becomes wildly successful and all of a sudden, this social media giant that is still very young has created you and a handful of people a TON of money. Wouldn't you want to take some money out for your hard work, time and effort? A lot of these whales only need to power down for a couple of weeks and will be set financially for a long time. In my opinion what were are going to see is a lot of the whales power down for a couple of weeks to give themselves some financial rewards for the amazing work they have done, then they will cancel their power downs and continue to invest into Steemit long term. Obviously this is just my opinion and I might be wrong, but I will be continuing to invest in Steemit long term and I suggest you do the same! Keep calm, and Steem on!
-Tim-