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RE: the first million is always the hardest - good advice is to grab it, which a lot of the whales are doing and this helps STEEM long term
Interesting article jl777, I remember you from the NXT forums, I used to be an investor 1 year ago.
I also think that the inflation is not a concern, it will trickle down slower given that it takes 2 years to power down, and they might not all cashout, they can keep the money in Steem Dollar, which does not add to inflation, but it's more liquid than SP.
I have my theory too:
https://steemit.com/steemit/@profitgenerator/steem-inflation-doesn-t-decrease-steem-price-immediately