You bring up a good point, the selling of steem atm being "counterproductive" IF that's what he is doing. The fact that it would seem @ned is likely cognizant of the plausible upcoming rise in crypto's value, these transfers are quite likely just a move toward diversification. Would it be better if he simply hoarded his tokens? In my opinion, markets are like the tide, they move back and forth, but the ocean remains. Ned is just moving water to be used and filled elsewhere :)
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I might quote you one of these days, that's a very accurate description.
We are due for a bull run of alts, right after the BTC stops moving for a little bit. It's always a swing.
:)