Steem Whales, Are They Powering Down?
A few days ago I wrote some article about the Bitcoin and Bitcoin Cash problem, well one of the people who commented said he really wasn’t worried about what happened with Bitcoin or Bitcoin Cash his one interest was Steem, which I think is OK even though I do believe you should be informed about everything, it’s always good to have information.
Well he had a reply from someone asking him why he was putting down Bitcoin (which he wasn’t, he just said he wasn’t interested) but anyway this guy said if we hadn’t noticed that @dan was powering down his millions in Steem and that meant Steem was in deep trouble.
Well frankly @dan quit the Steem team a long time ago and moved on to EOS, so his powering down I think is only a logical move, he does have millions in Steem and probably wants to have it readily available for any eventuality, speaking of which what is happening with EOS? @dan has been heralded as a blockchain genius, but I haven’t heard much about EOS lately, I don’t know how it is doing.
But anyway this got me thinking so I looked up in SteemWhales.com to see which super whales if any apart from @dan were powering down I just looked up the bigger guys, I guess they would be an appropriate segment of people to get an idea of what is going on. This is what I see:
I'm only looking at the top 25 accounts, of these at least 3 are exchanges so they don't count, but of the remaining I can only see 4 who have most of their Steem powered down, the rest are holding Steem power, the one who I watch the most is @ned because he is the heart of Steem, if he powers down then I will be worried.
But the way I look at it things are stable, their is no panic, the whales are holding their Steem, @dan is no problem he said he was going to back out of Steem so that he would power down was predictable. So for the moment I see no problem to make me worry, in fact I think the attitude of these whales should give a positive outlook for the future of Steem, they are not backing out.
So far no mention that outside of the three exchanges in the top 25 you screen-shot, over 5 more are not human accounts, and ned, a reigning CEO is another.
To get a true perspective, go over the top 20 witnesses and check how many of them are powering down.
There are four big whales powering down, and I do think @ned is a human in fact he is the most important one, as long as he doesn't power down, Steem is still working. As for others not being human accounts that still is no problem they are not powering down, so their creators must still have faith in Steem.
The witnesses I have never looked at, in fact I don't think they worry, they always get rewarded so why would they quit?
ned may be getting paid in USD, and hence it may be forbidden for him to use insider's knowledge.
If he powered down it would have been a red light, but otherwise means nothing.
I stand corrected, over 5 accounts in that list outside of the exchanges are not human, which makes it at least 9 accounts in that list are not human, which is over 34%.
Add ned, whom is human but may not be relevant, and we get to over 40% irrelevance.
Most of the witnesses are powering down, and yet a larger majority of the human witnesses (blocktrades for example is not a human account and it is a witness)
Witnesses have a good excuse and disguise for powering down, this is how they get paid.
And yet, if they had such a huge confidence in Steem, they would have saved their Steem as an invstment.
You already powered down yourself.
Who are you trying to convince and why?
I'm not trying to convince anyone, I powered down because I need the money. Why would I want to convince anyone, your opinion or anyone else's is as irrelevant to me as my opinion should be to you. You are making quite a big deal over nothing, and you've only been here a few months, and frankly own no Steem so perhaps it is you who is trying to do the convincing.
Want to bet on Steem price?
I will be the bear and you will be the bull.
I will have enough SP to back up my bet in case I lose it.
The bet will be in SBD, but they are convertible.
Why would I want to bet, these markets are decided by what the big players want, neither you nor I know what will happen. And what will you bet, 6 Steem? And in two weeks I will have about 40 Steem, think betting that is worth it?
Why would you want to bet? To make a profit and to prove you mean your words.
Let it be a 1 SBD bet, so I will be able to pay in case I lose.
My claim is that Steem will not cross the 1.9 USD mark until this year's end, or if you prefer, will not cross the 2 USD mark until the end of February 2018.
Which one do you take?
Neither one, I am not a prophet how could I know something like that, with Elliot Waves and the Fibonacci series? Everyone would be rich if this were possible.
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