RE: Should I Power Down? - Early Morning Steem Thoughts by Charlie Shrem
@charlieshrem pleasure to meet you my man.
Super observant post - full of personality which is always fun to read. In addition to what you wrote:
It is absolutely natural to be alerted by by whales "dumping" if we assume that theyre doing so to run. But there are easier ways to make a quick buck than designing the worlds first blockchain powered media monetization platform (especially one which requires two years to return investment). If they want to expand, they need to recruit developers who more than likely dont accept Steem as payment. Hence power downs.
So many heard about Steemit after a surging phase, when it lept %2000 almost overnight. Thats when news rolls out, thats when everyone hears about it, thats when everyone becomes excited, thats when our speculatory value goes insane. And we all know that speculation demands correction. Thats where we are now -an actualized value phase.
Steem Power is the surest way to prevent the platform from becoming the cash grab that so many fear is becoming a reality. No one created Steem Power specifically to lock up investor money, they created it to ensure longevity!
Shot you a follow mon frere. Im looking forward to more.