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RE: NEW LOW IN POWER DOWNS TODAY ONLY 212 Accounts Powering Down OUT OF TOP 1000 <> <> STEEMIT NEWS FLASH <> <>
The majority (minnows) are powering up and I've noticed most whales seem to be powering down. Thus, the price dropping to almost a dollar now. Could you please explain what this means in the medium - long term of Steemit.
Long term it means whales hold less of a percentage of steem and minnows/dilphins hold more. That's a good thing.
Oh yeah, that makes sense. This could create a cycle where whales and minnows keep exchanging power, which would obviously be healthy and sustainable long term for the community.