Well @bix, let's just hope it all sorts itself out. I try to keep in mind that the big vote sellers are-- ultimately-- deeply invested in the Steemit ecosystem, and they tend to suddenly turnabout when it becomes evident that their investment... best represented by the price of the Steem token... is heading down. If you own 800,000 SP and Steem is at $1.00... and you watch that price slowly degrade, odds are you'll change your strategy before your investment is worth 1/10th of what it was...
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So please help me to connect the dots.
Let's say Someone has hundreds of thousands or millions of SP.
ok, they see their investment slowly degrades.
What would they do? Rent it out more?
They can't cash it out. My understanding is that it's not a liquid asset.
They can benefit from delegating but then again what the difference does it make if the dollar value of it goes down?
If someone is sitting on this asset they would want to put it to best use anyway, regardless of the value.
What is the best use for them then if the value decreases?
Thanks.
Nobody changed their strategy when the price fell from $4 in the summer of 2016 to $0.07 in March. Many large stakeholders were dumping into the all-time lows. I don’t expect things to change this time if prices continue falling.