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RE: @steemit Powering Down 71 Million Steem Power. What's Going On?
Does that mean they're converting to fiat currency? Does that affect the market price at all? If so, that's a little unnerving ...
Does that mean they're converting to fiat currency? Does that affect the market price at all? If so, that's a little unnerving ...
it always creates short decrease when big holders move on, i would guess it will be taxed,(raped) then moved to new icos / ipos :) thats how money does its work best.(except the tax) :)
Yes, but public corporations don't sell their stocks unless there is bad news coming, in which case, that would be illegal, without public disclosure first, according to the SEC. If a public corporation is anticipating good times ahead, they buy-back their shares, not sell. I understand that this is different, but the premise is the same.
so yeah, u are right it might look bad!
I don't understand enough about cryptos, blockchains, nor Steemit yet, to know what is going on exactly in this article. That's why I ask people like you and @kp138 and other Steemians, to help me understand this new monetary system, within the Steemit model.
Danke Clause! ;)
I feel the same thou, could know more :) withdrawal action here:
https://steemdown.com/
If this is accurate duno!
Yes, that's very interesting. I notice that a lot of these people cashing out, don't have any posts or comments etc., but yet are heavily weighted in Steem. Perhaps they are straight investors in SBD? Not really sure.
but this is kinda different from corporate structure giving the influence structure! will be fun to see what goes down :)