JS Index update for 09/01. [2nd update] +WOW Steem(it) Founders pushing the price down!
JS Index is designed to make your trading decision regarding Steem a walk in the park. Click on the link for more info what it is.
I was considering if I should post a second update because the JS dropped significantly. While this is not alarming and/or needing any change in the decision process and buy/sell behavior if you follow the JS Index, I mas leaning towards ‘No”. Then I ran into this post… wow… JS index does not care who the party moving the index in one direction or another really is. But @dan/theman and / or @ned being the cause of its downwards move is something really worth mentioning
JS Index for 09/02/2016 03:00 UTC:
526.97 **Unadjusted for non-exchange factors!!!
The chart above is for the period 07/26-09/02 of the JS Index and the price of Steem#
Hi James,
thank you for the update.
According to http://www.steemdown.com/ nearly the half of top 200 accounts are in power down.
If panic sell, panic sell first.
BR,
twinner
... and in one year they will still have half their SP :-)
Cg
Power down is not the same as send to the exchanges. I think powering down all the time is the logical thing to do for everyone -whale or not. On each weekly pay out one can decide if he wants to cash out or power up with not much loss.
This is a good distinction to make, the first week I was here I did not understand the difference.