WRONG again, traders know for sure which accounts are powering down and transferring funds to exchanges, there is nothing hidden on the blockchain and most large accounts are selling, if you are a smart trader what do you do? you short! short! short!, in fact traders love an easy short like steem, if you sold at $4 and $3 you could have bought back all your steem (and Vest) for a much lower price now and nothing is better than making profit without actually reducing your initial investment.

Exactly. I expressed this to smooth, but added that those of us doing this likely represented a large portion of the people buying; agreeing with smooth's assessment that "there are no new investors".

The price is much lower since that discussion, and I expect/hope (or as smooth said, we're all doomed) we will see some new investors coming aboard soon, instead of mostly "true believers" re-buying lower.

I'm not calling bottom, but I think we're getting close enough that we will see some big buys start showing up fueling some mini-pumps before something else really "pumpable" comes along from the ecosystem.