Going low means people will buy-in. No one is dumb enough to invest on a high. Whales cashing out is a pretty good thing as what that proves is that viable profit was made on Steemit and even with the slow exit options the opportunity to withdraw and reinvest is there.
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hmm if it goes bellow 10 cents I'll buy a million
Also depends on where it was sold. If a whale sold off in the crosshairs then he may do a buyin sooner than anticipated since profit was already made. A slow buyin potentially but a buyin.