Source
Hello steemians, in the previous article I once questioned why whales do a lot of power downs?
Tonight I met with the senior steemians @vannour, @teukumukhlis, @askari, @azirgraff, @kharrazi and much more that I can not mention one by one. From the results of this small meeting, I get a lot of new knowledge about the steemit and tokens they carry.
Apparently, There are some fundamental reasons whales do power down, including:
Investment security
Imagine how much investment the whales are in steemit, where the market is now deserted, perhaps they have calculated the worst possibility that steem/sbd will face. So to secure the value of their investment, it is transferred from an untradable token (SP) to token that is directly exchanged on the market (STEEM).
Support newcomers
Many of whales want to help small communities by distributing their fixed assets to multiple small accounts, so they can grow with those investments.
Divide the steem power
If we are a little observant, then we can see that the bid bot in steemit continues to grow. maybe the new bot bid belongs to the whales who do not want their parent account tainted.
Well, we don't be fooled by the many whales who do power down, because this is normal and absolutely nothing to do with the bankruptcy of steemit or steem price dropped.
Best Regards from #aceh
Steem On!
Thank you for giving us a little peace. We hope to continue to be supported in order to succeed in steemit. Because it has changed a lot from the path that the steemians are supposed to do, so look for another way to get a higher upvote. The growth of steemit is quite soaring in Indonesia, especially Aceh, but the care of others is very less compared to other countries such as Korea which always support new steemian by giving upvote when introducing of self.
Thx for comment brother, that our mistake.. Hopefuly we can change the view..
I think the fact is that the ecosystem is designed to allow it. The whales are the serious investors and they can do with their money as they wish. I just wish a few more would delegate to @steem-ambassador, but that's what we are working on over the next few weeks. It is imperative because we want to bring exceptional rewards to great steemians who are promoters and humanitarians, and who selflessly help their fellow human beings.
absolutely agree brother, the main problem after registered on steemit and write the quality content for the newcomer is posting rewards, even not just for promoted also the promotor have the same fate :)
So @steem-ambassador is our hope for the hard works of promoting steem/it!
Nice info gurei @binjeeclick, last time I think action power down of whales shown a Marker to depreciation about steemit, but now I known it's false statement, let me resteem your post so that my friends know about that.. thank you @binjeeclick
lol, i'm also had the same opinion in the past :)
Idem...