It does decrease the price of Steem. Here is why that is a good thing. To Become one of the 40 or so Legendary Great Mega Whales it would take an investment of only $260,000 dollars. compare that to Steem at 4 dollars and you are looking at nearly 8 times that amount for the same Steem Power. Investors and speculators are whom allows all of us content creators to sell Steem and profit. If whales never powered down, hoarded all the Steem and Steem Power yes the price might be at 50 dollars per Steem right now but would that be the best thing right now? I don't think so.
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Good point sir. No, this just means it's a good time to buy, at least if we assume that one day millions of eople will be on the platform. I'm powering up.
They need to spread the love - NXT had the same problem when it started up, but they spread the love and now its a lovely stable crypto-currency. Let's hope STEEM ends up the same :D
totally agree