This project obviously needs time to be successful as it should be. Time is what we do have and this is work in progress.
It looks like whales want to reduce the price for two reasons.
- Selling and getting out.
- Crash the price and give more people a chance to get in and increase their steem power for this platform to
become more decentralized.
I like to think that the reason 2 is going on. If not, damn, we are in trouble, 80% of all steem on few accounts is troubling (that is if they all want to sell, however if that happens they all lose value and nobody wins).
Even if they cash out, the steem still goes somewhere.
Where does it go? To people who buy it.
Anyways, my only dilemma is the fact that I'm not some speculator, but an author, so this means all my gold has turned to dirt, even while I hold it in my hand.
So it'll be a very very hungry week for me. Hopefully I don't starve to death.
Sure, as long as being author here gets dollar value and steem dollar peg holds, steemit will stay. Steem power is your long term, you can't do much about that . Nothing really else to do than keep on steeming and writing quality blogs.
Yeah, I know.
Honestly, it won't take very much to boost Steem prices up, so I wouldn't be surprised if a greedy investor just boops.
Buys one million dollars in Steem.