Yeah I get that but that doesn't answer my question. If the majority of whales decide to jump ship and power down in 13 weeks. The profits I make and keep in steem as well as my original investment would fall pretty hard am I right? I mean if I'm on vacation and come back and didn't hear about this happening because I don't give two shits about the internet while I'm getting away why would there be something left when I get back? Doesn't make sense. The market would be flooded and the value would tank. That literally means all the noobs are kind of pointless.
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danielownsall
You are 100% correct. I don't invest more cos I will never be close to those who actually decide. Transparency and decentralisation is only on the paper. (common problem with all "decentralised coins, more you dig more you find out that they aren't really decentralised) And yes, you probably can have some influence if you hold millions here but investing your 50k here would just mean gambling at this stage.
No again that has happened once man. Alot of whales jumped ship value went down to .11 cents and now back up again. Did you not read what I wrote? Now those same whales bought back in. Also again how new are you to cryptocurency.
The way I see it if you do have a good amount of $ buy some steem and power up you will not regret it. This place is only going to get bigger, so much more room to grow.
Or just take it day by day and make friends try different content types till you get a rythm.
I've been involved with cryptocurrency since 2013.