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RE: TOTAL VESTING FUND STEEM AS % OF CURRENT SUPPLY <> <> STEEMIT NEWS FLASH <> <>
SUMMARY :
When looking at this chart it is easy to see why the price of Steem continues to fall.
The lower this figure the more Steem is available to be sold .
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If steem is such a great technology then why does it keep falling in price? Another question, when will (if ever?) the trend reverse?
The reason the price continues to fall in my opinion is because many of the large Steem Power holders are powering down and that is why this chart looks the way it does. When they power down it puts more Steem on the market to be sold .
Just because these large account holders are powering down does NOT mean they are loosing faith in Steemit . They know that the Steem needs to be distributed among many in order to help Steemit thrive in the future . I feel like many that have powered down will be rebuying at lower prices . So during this whole process it will give us small account holders of Steem power a chance to buy more Steem and Power it up at good prices .This is just my opinion . Where the bottom will be I dont know .
It will reverse when people start using it as a currency outside of Steemit.com
Do you have an time estimate of when that will happen?
It's hard to say- Maybe 1-5 years..who knows?
Yes onthewayout that would be a big help
2 After some buys them even cheaper