Many early adopters are powering down, whales, and some of the founders. Does this mean they don’t believe in Steem?

I repost one previous answer of me that fits very well here...

Many whales have too much of their wealth concentrated on steem !!! So even if they are bullish they are not comfortable to have for example 90% of their wealth on a single project... It is for them like a "one point of failure" ... I assume many of them want only to put some of their eggs on other baskets just in case the project fails...It is just a proper bankroll management, poker players out there can understand me ;)

PS BTW steemit whales could be good poker players ...

Even with Aces on our hands (steemit?) the probability to loose against another's pocket pair is 20% !!! So it would be still a gamble to bet all your wealth on one hand...

https://steemit.com/steem/@charlieshrem/was-the-launch-of-steem-a-scam-or-the-only-legal-way-thoughts-on-steem-by-charlie-shrem-a-week-later#@liondani/re-mexbit-re-charlieshrem-re-tracemayer-re-charlieshrem-was-the-launch-of-steem-a-scam-or-the-only-legal-way-thoughts-on-steem-by-charlie-shrem-a-week-later-20160824t005908455z