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RE: Don't be afraid of low Steem Prices . Look at the Chart! Upgrade Steempower makes sense when Steemprice is dropping.
I hear many steem whales have a big interest in BitCoin, and do not want steem to do well. They bought into steem early (~.25c/steem), and are powering down and sellling off as much as they can to move the steem market down. I do not think they will win at the end, because many steemit users do not even care where the money comes from they just worry about powering up or powering down. I am glad you wrote this article to make people aware of todays market.
I can't see a benefit to selling Steem Dollars or Steem Power for Bitcoin. For what? You get interest on Steem Dollars and your Steem Dollars are harder to hack so safer to hold on Steemit. What about Steem Power? Steem Power might even be profitable to hold even if its at $1 or lower if you consider the amount you get a day.
If anybody would Power Down at this moment this would be 1% of Steem entering the market per week.
Of course the orderbooks are very thin right now but we will see how many new members will join steemit every week.
And how many of them will invest something when they figure out that stakeholding isnt a bad thing when this will be big thing