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RE: Hi Tron, Bye Steemians

in #steem4 years ago

First off---I am not a crypto investor in any way shape or manner. I am just someone who likes to post sometimes and comment.

From what I have read, yes a lot of people are powering down some as a just-in-case scenario. Will they liquidate? it will be entirely up to them. Many people powered down and cashed out when things started going south with the price to try and re-coup some losses. A lot of people did that the first time the price plummeted. Granted I was not here for that event, but when the price came back up those that stayed seemed to kind of shun and avoid some that panic sold and then tried to come back. Human Nature I guess.

Right now all we know is Justin bought Steemit. Not the block chain Steem. Tron has a lot of dApps but the one thing missing from their line up of Apps is a social media style app like steem block chain. Are the steemit developers under a no-compete contract? I don't know. Does Justin want steem block chain? I don't think so, he has his own. Does he want a team of developers that know how to socialize the block chain providing the backbone for developing a social app for Tron Block chain? Perhaps this was the only way he could poach the steemit development team.

A power down can be stopped pretty easily or so I have been led to believe, but it still takes 13 weeks to fully power down. It is a crap shoot. If the price continues to rebound some, then you miss out on the increased rewards by however much you power down.

One could look at a combo of power down and then a lease option so that you do not lose out on the potential vote value growth, but if the leasers are also in a power down, that may not be a viable option.

At the end of the thirteen weeks, I will still, if steem block chain is here, be here with no power down at all, and hopefully a little more SP and a higher vote value.