I have thought about this for a while and I will now be focusing my votes on those that choose to have their rewards in 100% Steem Power.
This way, I know the rewards are less likely to be dumped into the market, pushing the steem price lower.
This is my small way to help the steem price recover. Is this something other Curators have considered?
So, let's encourage those that are here for the long haul.
Not a bad plan, I can't really see a reason to sell STEEM though now. Unless you just want to stash it in case there's a breakout.
The volumes in Steem are so low, it just takes a small change in the ratio between buyers and sellers to push the price a lot higher.
As much as I value content creators, if they are taking out funds in the bear market, pushing prices down further, we should discourage it where possible.
I am trying to buy up some of the liquidity...
I try and make a point to not support people who are consistently powering down but then you have to check them all out on a personal basis, which costs me time.
I am hoping if I make my intentions clear, the universe will listen and bring to me lots of great content creators who never power down and grow our little corner of the cryptoverse :)
A good plan.
I would love to do that but I have to stick to 50:50 so I can pass liquid/SBD into the A Dollar A Day.
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As a dolphin, we know you have a lot of skin in the game. I am just trying to be more conscious of the slow bleed of STEEM into the market. Hopefully encouraging more people to vote on powered up posts will help.
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As long as the value of SBD is less than $1 everyone should be doing this anyway. Unfortunately, I don't quite see the point. At my level of stake I could power down 269 coins every week. That's a heck of a lot more than I'm earning. I never really understood the merits of forcing inflation to be SP.
Plankton don't control the price action, whales do, and it only takes one or two whales dumping or buying on the market to vastly manipulate price action. If someone sold like 40,000 Steem on Binance that would push the price down to around 3 cents.
Honestly I'm gonna go set up some limit buys just in case any crazy flash crashes like that happen.
I think it would help if more people understood the system and if some plankton realise they are getting more votes when they power up, that is a positive attitude that I would like the next generation of steemians to have. We all need to stop being distracted by the price action. We need to start thinking weeks, months and years ahead. No one else is going to do it for us
Unfortunately people live in scarcity and fear. Until crypto can offer some kind of stability or reassurances that's just how it's going to be :(
However, with this in mind it becomes much more obvious what our long-term goals should be in the first place. We need to provide real jobs to people who are willing to work. Easier said than done.
Gogo Binance flash crash :D
going to go and do the same ;)