@lorddominik007 It seems to me you have very little understanding of how the STEEM economic system is designed to work.
I would suggest you read the whitepaper to grasp a better understanding of this.
STEEM is by design not meant to be a tool of speculation. I know this runs contrary to most altcoins that seem to exist purely for that purpose.
A low STEEM price is actually good. It allows faster redistribution and makes it easier for new users to power up.
If you truly understand this then you should not be upset about people powering down.
The more people who power down the better it is for Steemit and the STEEM ecosystem.
If you are purely interested in making money on pumps and dumps - move on.
There are plenty of other cryptocurrencies that would suit you more and allow you to make money on day trading.
Haha wow, that's an amazing explanation. I'm just being bitter because I bought STEEM for a lot and now it's low haha. I like to look at everything from the financial point of view - low price= the end of the world.
Well thanks for that lol :O Wouldn't cheap powering up have low value though ?
No. Read the whitepaper. Voting power depends on how much SP you have. Cheaper Steem means it is cheaper to power up. It also means more SP is earned from posts and can be purchased for each SBD.
So if you vote for someone they won't get less money even if STEEM is lower in price ?
No they get the same amount because it is earned in SBD which is pegged to the US dollar.
Oh ok. Thanks for the clarification :)
No problem please read the whitepaper though. It does make a lot more sense after that.