Just noticed there is someone big investing 100 BTC into steemit and is currently buying 140000 steem on bittrex.
Who knows once he bought this he might buy even more. Don't seem that someone has such an amount to provide at the moment.
Is this a good thing?
I believe so, it will allow steem price to rise since he will be like a resistance line at the point. Hope no one wants to sell such an amount all at once. This would allow small dumpers to dump steem to him without getting the price reduced.
There is more goodies about this, a new whale in steemit, means new strong upvote with his own decidions who to upvote.
I say everyone is welcome to steemit, its just whales are more welcome!