RE: Massive power-downs versus less investment. Perhaps the reason why the price of Steem could further take a hit in the coming weeks and why it's a win-win situation.

Haha. I didn't know about the selling pressure from miners, but if that's true, there's another reason drawing the price down although the use of the funds to further their mining rigs is probably a good thing. I'm also assuming there's less buy pressure versus sell. Powering up for cheap is one thing encouraging buys but then again people may hold off to bet on Steem as we both said. Thanks for your feedback. Steemit is a great idea and i hope that is more than enough to withstand all this. Hoping for the best for Steemit too :) Let's all hope :)