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RE: The pain in your wallet.
The Max amount of liquid STEEM that I have written down in all the reports I made was 123,8 million on the 14th of september.
That number has reduced since 11 days to 121,8 million.
That's still a lot of liquid STEEM for the markets to toy with.
I think the more is taken off the market and Powered up the less we will feel these swings. But until that time the markets can take us to whatever low they want. But I'll be there collecting all the way to the bottom.
I'm with you but on a smaller scale. The HF21 changes have proved positive, but the outside world still has the same perception. I don't think they know whats happening.
At some point, they will. So for now, I think it's good for the buyers and true believers that are here today. I want to see that Steem in strong hands.
The market has been absorbing all the powerdown of the steem account from above 100 millions down to 30 millions at the moment (and other powerdowns of ned and his friends).
So you are right, the rising of the total SP is a good sign.
It wouldn't necessarily be good if Ned and his friends had inside information that led to them selling their Steem before that information was public.
There aren't any regulations for crypto but there may be a reason why they are selling.
Having said that, I am currently buying at these low and I will buy again in the first or second week of October.