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RE: Don’t You Like the Falling Steem Price? Forbid Selling!

in Project HOPE5 years ago

Steem and stocks are not the same thing and, therefore, are not comparable. The idea of power up and the lock down period is to protect the interest of everyone by stabilizing the price of Steem. So, I find your argument that the power down period should be reduced to 4 weeks (even if it will crash the price) very disturbing. Power up is not COMPULSORY. Speculators have a choice, to hold their Steem in a liquid form. I keep wondering why people want to enjoy the benefit of power up by avoiding the responsibility involved. Cheers!

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the lock down period is to protect the interest of everyone by stabilizing the price of Steem

Failed. It didn't. Steem is one of the most volatile cryptos, mostly underperforming in a downtrend.
More people may buy Steem if their assets won't be frozen for months.
Easier exit, more likely entrance. Damn heavy exit => fear to enter => less onboardings.
By the magic triangle of investments, three factors to consider: Return, risk, liquidity. Thinking always over these 3 points, yes, that IS compulsory for all.

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