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RE: Exchange Transfer Report: 11/27/2016 to 12/03/2016
I think the majority of stakeholders is in "watch out" mode, looking out to whatever happens after the hardfork. The only real question is:
the amount of liquid, powered down steem will be greater or smaller than the one produced by inflation (which will a lot smaller than now)? If these balances are playing out nicely, then, in my opinion, we will see very soon a solid, sustainable uptrend.
Yeah, that's a good way to think about it. It's all about supply and demand and the inflation surely creates a lot of supply. The thing is... most of that supply was locked up as SP. So even if the inflation has gone way down, the liquidity goes way up which might smash the markets. Then again, many who want to cash out will probably want to do so in the best way possible so maybe they'll only cash out what the markets can handle.