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RE: @steemit Powering Down 71 Million Steem Power. What's Going On?
Forgive my ignorance, but I'm a newbie here... What does 'powering down' mean? Are they devaluing the price of Steem dollars on the markets? If so, how are they able to do that? Or does it mean they're flooding the market with SBD, thus lowering the price due to supply and demand?
Someone is powering down there Steem power to Steem. It’s hard to tell the intentions, such as selling into the market, which could lower the Steem price.
That's what worries me... If they believe the market price will skyrocket soon, as we all want to believe, they wouldn't be dumping it at current prices, that's for sure. Hmmm...