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RE: Steemit: The Dumpening – Or – What to Expect from the Coming Changes
Those who choose to power down still will have a week before they get their 1/13th sent. With this in mind, I suspect a news rally that might provide a double top to accompany a successful hard-fork, followed by another dump, perhaps below current levels. After that, I anticipate another pop after weak hands are shaken lose, initiating a trend reversal (if the hardfork itself is not a trend reversal event).
This is all fundamental off the top of my head, so is clearly subject to the technicals and the mob's rule of the market. Sentiment can defy logic far longer than most are able to handle.
What happens to people already on a power down schedule?
That's a really good question. I suspect that the current power-down schedule will continue until they cancel. I've been running an experiment with mine for a few weeks, to try to understand the formula for powering-down, so it will be pertinent for me. I just want to see the numbers, so power back up right away.
I'd say that this would be a fairly safe bet. Initial jump, then some selling off as the larger stakes actually begin hitting the markets after the first rounds of powering down. Then, as more info about different projects comes out and more people start buying at their price targets, things will even out a bit and start to tick upward. It'll take time and it might get pretty ugly at some point, but we'll likely look back at this and wonder why so many people were worried - then have a good laugh as we retire to our private, South Pacific islands.
lol, Another Joe approves this message.