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RE: Investing in Steem Power? The current price of Steem is only one factor to consider
I was interested in your idea that tracking when the whales power down gives an indication as to when the price will dip. Presumably this works backwards too, as power downs happen every even days. I wonder if anyone has plotted the power downs in a chart against the price to see who tanks the price most?
I haven't seen anyone chart that yet, but it would be very interesting and I would love to see it. Along with seeing when the whales powerdown, it's also possible to see when they send their Steem to the exchange to sell it, so it would be possible to track that type of thing and look for patterns/trends.