Dear Steemians! I hope you all are enjoying this amazing platform and are also getting aware with its many aspects.
I am a new user of this platform and don't know much about its nitty-gritty. What I learnt is that there are lots of minnows and plankton but a few whales. @steemit is a gigantic whale that is hundred times bigger than most of the whales. You can see yourself in the following screenshot (taken on 6th June) how much Steem Power (SP) this account have.
As you can see this account had 53.70 millions Steem when I took above screenshot. Its Voting Value was $6817 at that time. Oh my God! Only a single upvote from @steemit can change one's fortune forever on this platform. But this account doesn't upvote anyone.
Just see the above screenshot.
Now, the others things are almost same but liquid Steem is not there.
Where has those Steem gone? @steemit transferred those Steem to @steemit2. This account is the part of the first account which is used for selling Steem to the market.
@steemit2 also has whopping amount of SP but it doesn't upvote. However, it transfers Steem to various accounts like @alpha, @bithumb.hot and @cdec84 which sales it further in the open market.
@cdec84 transfers Steem to various other crypto exchanges accounts.
I think @steemit and @steemit2 accounts are owned by Steemit Inc. and also are the first accounts on this platform. Perhaps, Steemit Inc. pays its dues by selling Steem to the market. I have no objection (why should I?).
But my questions are- what do they do with so much Steem and SP? Why don't they upvote any other accounts? Why don't they sell Steem in the open market directly? Why do they transfer it to other accounts those transfer it to others and from their ultimately it comes to the open market?
This account @alpha receives payment from bidbots also which comes from the payment of delegated SP to the bidbots. Does it means Steem Inc. is behind the bidbots? I don't know but it may be a possibility.
@ned had upvoted the first post of @steemit but recently he unvoted the post. Why?
@yallapapi send 0.001SBD to @steemit two months ago. Why and why others are sending money to @steemit? I think in a hope to get some upvote form it?
Now, @ned is powering down and selling Steem when the price of Steem is in the abyss. @ned transferred more than 110000 Steem to @brixtongg that is transferring it to @deepcrypto8 and huobi-pro.
Also, some other whales like @val-a are powering down or selling Steem when the price of Steem and other cryptos is so low. Why are they sustaining so much loss?
I am new on this platform. In fact I joined this platform just four months ago. So, I don't know much about its internal matters. Last time in the start of April I saw that whales were powering down when the price of Steem was around $1.5 but it soon went up to $4.2. Now, similar trend may be repeated. Is this the sign of increasing price of Steem in near future? Probably, it may be the case. However, other possibilities may also be there. It may be the sign of @ned's indifference towards this platform or the end of cryptocurrency bullish honeymoon period. What is the reality, I don't know. How will these events affect this platform is a matter of concern for us all who have invested in this platform.
If anyone can explain these things to me I will certainly welcome him/her and be grateful to that person. Till then I'll be a bit confused.
You may also interested in the similar post of @steevc link.
Thank you for visiting.
Love you allβ€οΈβ€οΈ
@akdx
Interesting, thanks for sharing your findings on the steem OGs.
Why are they powering down at these prices? Maybe they got in before Steem was a dollar back in 2016, so todays price is double what they got them for.
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I mentioned in my post
My sixth sense was telling that the price of Steem will go up as whales are powering down. It happened exactly. Now, the price of Steem crossed $1.6 mark.
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In some cases they are powering down to fund other accounts or to move steem around.. Not always selling it, I would expect the price to drop if whales sold a bunch not rise.
I see more people signing on than whales cashing out though. You may be right...
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I agree but when someone send Steem and SBD to blocktrade or other crypto exchanges, the matter becomes different.
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Thanks for sharing I upvote you.
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Thank you Sharma ji. Your continuous support is very encouraging for me.
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You got a 100.00% upvote from @bearwards courtesy of @socialbutterfly!
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This post has received a 1.56 % upvote from @drotto thanks to: @socialbutterfly.
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How Cool!
You got a 3.12% upvote from @coolbot courtesy of @socialbutterfly!
Help us grow, delegate today!
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This post has been upvoted by @microbot with 2.5%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can make some profit with your witness vote?
More profits? 100% Payout! Delegate some SteemPower to @microbot: 1 SP, 5 SP, 10 SP, custom amount
You like to bet and win 20x your bid? Have a look at @gtw and this description!
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You received a 25.00% upvote from @brotherhood thanks to @socialbutterfly!,
join on @brotherhood community on discord channel:https://discord.gg/3HZdaGk and share your post there.
Delegate to Bot and Get High Return Fix 100% earning return,
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bidders will always win something and it will adapt to distribute all the 100% upvote ,now we reached to 46000SP and recommend. send the 0.5 to 2 sbd or steem.
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