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RE: DAILY STEEM REPORT NOVEMBER, 10TH ( STEEM 0.14353$ )
Hello @elyaque, thanks as ever for your report. I totally agree with you on buying more steem. But i think the price may well go down from these current levels. Here is a report made by @inertia which I think explains why. So I may just stick it out awhile longer to buy more !! what do make to this analysis ?
https://steemit.com/economy/@inertia/re-biophil-in-which-i-ponder-the-effect-of-the-vesting-period-change-on-steem-s-price-20161107t012349298z
Hi @gomeravibz
Its true what she said, everyone can cash out faster, but the whales already said they not gonna powerdown anymore after the hardfork ( at least the statement was from ned , dan and smooth if I am not mistaken ) The Whales hold more than 80% ( or more ) of all SP , so if all the others start to power down there is almost no effect. But she is not right with what she said about everybody will dump after 3 month, the answer is in the comments...
Until now, the whales earning weekly so much "interest" from the inflation , that even if they power down having more than before! Look at this chart from the biggest account (just made it to explain ):
Guess this explains it! Do you understand so far? This will change totally with the new economic model, if they do a power down after the hardfork, they can't end up with more SP...