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RE: 27 out of the 'TOP' 100 Steemians are powering down...Should we be concerned???

in #poweringdown8 years ago

Yes, I too am not taking a single penny off, but you and I also don't have thousands of dollars involved. That's real money and the fact of the matter is that kind of money should always be diversified.

The system has built in incentives like steem power to encourage growth of the currency and it works wonderfully. You have to remember too though that the whales also want to see the currency maintain it's value.

If you had over a million dollars worth of something, would you be doing anything to make the value of that go down? Probably not. Would you be thinking that it might be smart to diversify that money a bit and use it to help other things grow and maybe make some more roi? Probably. I know I would.

That doesn't mean that I'd think or participate less on this platform though, just means I'd be using common money management sense and keep a portion of my funds liquid to take advantage of any opportunities that may come up.

That's just my take though. It's what makes sense to me. Ultimately though, I believe in the model and technology behind steemit and that's where the value is for me. I'm sound investing in it because it's already adding value in my world and I think that's true for many others and is ultimately why the platform will succeed.