Just thinking out of the box here. Maybe he is powering down so as to short the upcoming stock market crash. He will make a fortune. Another theory I have is that with the new internet censorship laws coming maybe steemit will be forced to shut down and he is abandoning ship. Also @marketreport who recommended steemit to me has also just powered down and he was very pro steemit. I am definitely concerned.
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Well, all alts follow BTC, so the dump we see in alts is nothing but the coins following the Boss. However, steem did drop 5% under BTC today, that's not a horrible dump, not by crypto standards.
I guess, we are going to find out... what else is there to do but hustle!