Whales keep powering down, too many Steem on the market, price goes South.
I just had a look on steemdown.com, how many of the Top Accounts still powering down...
.... as you can see it still to many. 93 out of the Top 200 powering down.
Neds powerdown circle ended yesterday and he sold his Steem on the market, the result you can see here:
.... so i understand that the Whales have to give their power to others, that we have a better balance in Steemit, but from a point of view of an investor, who spend money and see its getting worth less and less every day, it pisses me off. I do the numbers every day, so i can tell you that we get more and more Steem and less and less new users who come in and who are willing to buy it. So this doesnt look good at all at the moment. If this continues like this, i guess i dont have to write the daily Report anymore....
And Neds amount of Steem was only a small amount of Steem compared to the steemit account itself. It is still powering down every week, but they keep the steem in the account, dont sell it to the market, if they do the price would plunge...
Would be nice to hear something from , its quite a while ago he talked about it....
https://steemit.com/steemit/@dantheman/quick-update-regarding-user-retention
That was my 2 cents for today, whats yours?
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