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RE: Massive power-downs versus less investment. Perhaps the reason why the price of Steem could further take a hit in the coming weeks and why it's a win-win situation.
Your analysis is flawed by not looking at what the steemit account is actually doing. It is of course owned by Steemit Inc. as you suggest, and if you look at the account itself it is holding a huge amount of Steem in reserve, and only selling via Blocktrades and the internal market.
Thanks for your feedback. None of this is fact. These are just my thoughts why i think it could go down. It's based on what's happening and having a healthy discussion about it is all i wish for, for this post. I'm for Steemit and want Steem to do well. Having said that, I'm curious why @steemit is selling via blocktrades and the internal market? Are you saying it's not a "cash out" but rather money moving through the network? Why the power-down? Is it for development purposes as i mentioned?
PS: I've edited the title a bit. From "Massive power-downs versus less investment. Why the price of Steem could further take a hit in the coming weeks." to "Massive power-downs versus less investment. Perhaps the reason why the price of Steem could further take a hit in the coming weeks.". Perhaps that will make the post seem more of thoughts than factual analysis. Thanks again for your feedback :)
UPDATE: I've changed the title further from "Massive power-downs versus less investment. Perhaps the reason why the price of Steem could further take a hit in the coming weeks." to "Massive power-downs versus less investment. Perhaps the reason why the price of Steem could further take a hit in the coming weeks and why it's a win-win situation"
Sure, I'm just pointing out that Steemit the company does not appear to be contributing to the current sell-off as they are being very careful about how they sell their Steem. Part of their powerdowns is also used to fund the
steemaccount, which is used to pay for new account registrations.Steemit using the internal market is positive because 1) It shows they believe in the Steem Dollar and 2) It provides liquidity in the internal market.
I believe Blocktrades offers large bulk purchases to private investors so that's probably why Steemit is using them instead of trading on the open markets.
Thanks for your understanding :) Makes sense that @steemit is using blocktrades because of bulk purchases :) I have massive faith in Steemit and wish nothing but the best for it :) Thanks for your contribution :)
Who are @goku1 and @amcq are those employees?
They both received 250000.000 STEEM POWER from @steemit . So they could be, or maybe not.
I have no idea who they are.