It's not whales powering down that provides the bulk of the steem supply, it's all the holders of Steem Backed Dollars. It's about time everyone woke up to the fact that this derivative is killing Steem. The low value of Steem is why rewards are so low. I don't know why it's not obvious to everyone.
Also, just to be clear, these trolls have nothing to do with it either. Trolls are in every place on the internet, they are mainly just a nuisance.
In fact, the biggest losers out of this endless selloff of Steem are guys like @berniesanders who have put their money where their mouth is and support the system. I am now starting to get that feeling also, after buying steem at $0.098 two weeks ago I thought it was a bargain, and now it's down even lower.
ENOUGH!
Furthermore, since every other thing has already been done since HF16 to stop the leak of steem onto the market, I don't see how anyone can argue with a straight face that it's whales powering down or sharks who are trying to get out of Steem. No, it's all the people who are using Steem as a bank account for US dollars. You are only getting the benefits you already could get from your local bank for this central bank manipulated asset, but to boot, you are killing the Steem economy.
I have no problem with that you are selling what is yours.
and I can agree that the fact that you send money to poloniex doesn't mean that you actually sold that - so in that case you are right.
My point was that there are some people, that just powering-down faster thanks to increased speed. And some of those people have a lot of money to withdraw.
Conclusion is that price is falling right now because more people selling than buying (imo mostly because of 13-weeks-power-down-period).
I don't think that SBD has a reason for price falling.
It's not whales powering down that provides the bulk of the steem supply, it's all the holders of Steem Backed Dollars. It's about time everyone woke up to the fact that this derivative is killing Steem. The low value of Steem is why rewards are so low. I don't know why it's not obvious to everyone.
Also, just to be clear, these trolls have nothing to do with it either. Trolls are in every place on the internet, they are mainly just a nuisance.
In fact, the biggest losers out of this endless selloff of Steem are guys like @berniesanders who have put their money where their mouth is and support the system. I am now starting to get that feeling also, after buying steem at $0.098 two weeks ago I thought it was a bargain, and now it's down even lower.
ENOUGH!
Furthermore, since every other thing has already been done since HF16 to stop the leak of steem onto the market, I don't see how anyone can argue with a straight face that it's whales powering down or sharks who are trying to get out of Steem. No, it's all the people who are using Steem as a bank account for US dollars. You are only getting the benefits you already could get from your local bank for this central bank manipulated asset, but to boot, you are killing the Steem economy.
I have no problem with that you are selling what is yours.
and I can agree that the fact that you send money to poloniex doesn't mean that you actually sold that - so in that case you are right.
My point was that there are some people, that just powering-down faster thanks to increased speed. And some of those people have a lot of money to withdraw.
Conclusion is that price is falling right now because more people selling than buying (imo mostly because of 13-weeks-power-down-period).
I don't think that SBD has a reason for price falling.
Am I the only "whale" sending Steem to Poloniex?
no, you are not. That's why I agreed with you.
I used you as example, I used phrase "whales like..". I never said that you are the only one.
Good spin.