thanks @ew-and-patterns , good info, good analysis. I'm not surprised, I noticed on the Steemwhales page there were some VERY LARGE draw downs over this last week as some of the really big players withdrew some very significant amounts. Taking Profits? to reinvest in BitCoin? whatever the reason there appear to be a lot going out.
steemwhales.com reports withdrawals pending in the next 5 days
What's your take on the trend? looks like the price has been locked in a pretty narrow trading range for the last 3 months?!?
They are actually powering down a A LOT LESS than 2-3 months ago. They expect higher prices next year, as do I.
I know Steemwhales.com, but I don't think the effect of powerdowns is an issue, unless everyone wants to sell at the same time. Thank you for stopping by ;-)
interesting and thanks, good to know that the powerdowns are decreasing.
As time goes on, the chances of Steemit/Steem surviving as a network increases. So the incentive to power down is getting lower. After all the longer the platform lives, the more content is generated. Which makes Steem likely er to grow in price.