I think that people who own steempower are not speculators. Steempower was mostly bought for its utility as a curation and blogging tool. (Vanity).
I don't see loads of people powering down to get USD, because the question they would face is where to put the money. Keeping it in cash seems pretty pointless unless you need it. But if you needed it, then it would have been stupid to buy SP in the first place.
Both good points. I hope you're right. You're definitely right about the logic behind powering down. It doesn't make a lot of sense.
One nice thing about not being on many exchanges, it's not easy enough to get for there to be too much speculation. That said, it has still traded over $90M on bittrex over the last 24 hours which works out to somewhere north of 15M+ coins changing hands. Probably closer to 20M. That's a really good number. Almost 10% of the "float". That's very bullish for the future....we'll see.