You heard it here first folks, fear not, panic not. This is actually going to benefit the smaller fish here most. With STEEM at 2 cents I can take my 350 SBD and buy a huge share in the Steemit platform and despite my discontentment with a certain few whales here that is just what I plan to do. To the shagrin of some greedy whales hoping to hold the price up for 3 str8 months while they dump on faithful Steemians hoping the latest whale pump to just under the "breakout zone" of 20 cents is "The big one" and having their hopes dashed by a big holder who simply needed their panic buys for liquidity.

Dump STEEM Crash STEEM SELL STEEM. If you love and want more STEEM.

IF Steem goes to 2 cents an account valued at 200k now would be valued less than 28k. Giving market manipulators less sway. If the liquidity does not massively increase simply spending new money as a whale to prop up a coin is a losing battle. That is where pumps come in. The last unexplained 5 min pump to 18 cents. That was a whale selling. But first they had to buy. To get enough orders from the hype for him or her to sell at a decent price. The market for minnows will be much more free at a lower price. True new investors will be looking at STEEM at a lower price not just the same people trying to buy low and sell high to infinity.

Not financial advice

IF you own any STEEM longterm holder or daytrader, You should be able to read charts.

I have a feeling most of you have no idea what you are looking at so let me explain. Each of those main bars is 5min, the grey underneath them represents total volume and dark lines on the tops and bottoms of the main bars signify outlying volume, small amounts of coins traded at the very top or bottom of a single 5min bar's price range which is represented by the length of the main green or red bar plus the "hammer" which is what we call those black lines. The bars are green if the buys outweighed the sells and red if the sells outweighed the buys but they do not tell you by how much.

The very bottom shows more colored bars. These represent overall sell or buy pressure. When these are green and large the volume was overwhelmingly buys. When these are red and small the volume was slightly bearish.

Below is a 1 week chart and each of these bars is 30 minutes

Dumps like these may help make single digits a reality

For when Bernie flags this

You can say anything you want on steemit except sell