based on performance, selling steem for DASH or Ethereum today is the smart way to trade, so removing steem power lock is guaranteed to crash the steem price, it would take months for steem to recover, if ever
RE: Fixing a Problem in the Economics of Steemit
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Fixing a Problem in the Economics of Steemit
Steem's poor performance is due to the lock in period. The transition from the weak to strong hands that should have taken a week took about 9 months so the chart is not looking pretty.
Most of the steem is now in strong hands which is why the price is starting to go back up. It's also why there will be no crash.
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there is no hand stronger than the mechanics of steem power lock up for 13 weeks
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This is only true for emotional traders like you, not long term holders.
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