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RE: Big whales are powering down. Should we be worried? Is this a pump and dump? A scam?

in #steemit8 years ago

Excellent info. Trying to put myself in their shoes. Depending on how much they invested, I think I would probably pull out my initial investment. Most of these whales probably got Steem three or four decimals deep. A grand gave them a million Steem. I'm guessing. Who knows? I'm sure it's out there somewhere with the answers. Either way, I do see this site competing with other social media sites and possibly winning. All we can do is collect as many Steem as possible before the price gets out of hand. Thanks for bringing this info up.

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You're welcome. I was unnecessarily panicking for a while, because I thought (wrongly) they had more options to take out less than %1 of their steem power if they wanted to. I was wrong, there is no such option.

If I had lots of steem power, I'd want to cash out some of it too.