i want to ask something .....whales are earning too much money here...if they continously withdraw steem and convert it in other crypto like bitcoin...then there is no chance of steem to grow...what do you think?...i really believe in your ideas and thinking.....you are saying that can go upto 100$..that why i'm asking..
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They are taking profits. Many of them bought in at under $0.10
Let them sell now. It just sets the rest of us up for even bigger gains down the road.
I did a post a few weeks back that showed how the whales holding is being diluted and reduced. The top 1% went from holding 88% of the steem to 80.45% in a little over a year.
https://steemit.com/steem/@taskmaster4450/steem-the-rich-are-not-getting-richer-stop-attacking-the-curation-reward-system-it-is-not-broken-just-f-kin-upvote
Each year they will see a similar drop if not greater as more people sign up and share in the reward pool. Remember, that is fixed by the blockchain, what is available on any given day is what is available whether 50 people share in it or 5 million. Obviously, with 50 people, each person's take will be greater than with 5M....the later means they are eating into the pool the whales were receiving.
but we can say that ...our fortune is in hand of few people....lets see what happen..but i really appreciate your knowledge and research....
At the moment it is, but the curation system leads to that changing. The key is for each person to use their 20% upvote each day, especially into the hands of other dolphins or minnows. Whatever your vote is worth, that takes 100% of it in value and puts it in the non-whale pool.
There are also a number of whales who use their votes and SP to help other non-whales. This too only adds to the pace which the distribution moves to the other classes in the pie chart.