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RE: A Simple Question To Steem Stakeholders
Irrespective of the bear market in altcoins, what's mind boggling is that plenty of people doing the building are also suppressing the price by dumping on the market. It's hard enough to keep up with inflation alone. Now people are powering down and exiting, which adds additional pressure.
The user base seems to be a bit fickle and cyclical too.
That being said, these big entities like projects amassing SP need to have some percentage of that SP pointed at some of the better curation trails.
True! I'm guessing that many are "full-time" Steemians who have to generate income or else their spouse will have their heads for quitting their jobs during the last bull run. Alternatively, maybe they're truly in need of the funds, so they're gambling too much with what they can't afford to lose.
The Steem buy/sell volume has always been super low, one of the biggest red flags for me (not that I want it that way). If a decent portion of that is STINC and stakeholders dumping, well, sigh... At least someone has to buy when there's selling, albeit at lower and lower prices.
Spot on with curation trail delegation. If I convinced myself to invest here, my SP would be going to groups like @c-squared when I was inactive.