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RE: Best Cryptocurrency to Invest in? Analyzing Steem from an Investment Point of View and Sharing The Multiple Profitable Opportunities Presented by Steem Blockchain
I think this is a systemic risk, but I believe more than 40% of Steem is controlled by Steemit Inc which ideally should have the best interests of this platform in mind. It's just like the stock market, in any company, the promoters hold a huge amount of shares, followed by some major minority shareholders. If any of these guys dump their stock, the price goes downhill. This is a market risk one has to take.
OK, but is the constant "dumping of new stock" (i.e. generating and claiming rewards) not just going to get worse as more and more whales jump onto the bandwagon? ... and the problem is that there is no reason for them NOT to want to do so.
Well, u have to stay invested if you want to remain a whale, which should ideally increase Steem price, so that's a positive