Great video.

About the powerdown, there is another big reason why it’s bad.

One truth about trading and investing: most people sell the bottom, most people buy the top.

This has to be true, cause otherwise there would be no pumps or crashes. When people buy at the top, it’s FOMO. When people sell the bottom, they are simply scared. At both times they act irrationally.

When steem pumps, it is possible to buy the top.

When steem dumps, is is impossible to sell the bottom, cause of the fuc*ing powerdown period. We DON’T allow investors to be irrational.

And if someone doesn’t sell the bottom, he starts a powerdown, and continues selling at higher prices over weeks. We give selllers a better price. We don’t let them act irrationally.

We allow them to dollar cost average (selling not buying) and get better average prices over longer period of times.

Edit- LOL the pump as we speak, 30% up today.