@Steemit is Powering Down…Everything…Longterm GREAT THING $STEEM #crypto

Well folks, I believe the time of Make it or Break It may not be upon us in the Steem ecosystem. @Steemit has decided to start its’ power down of 34 Million Steem Power as you can see below.

They then send a memo to say they are moving the Steem to “secure wallets”. I call absolute bullshit on this reasoning. They are powering down to pay for the company and expenses, and likely also for some more research and expenditures. I presently have some mixed feelings about this situation…
Normally when The Majority stake holder starts selling LARGE amounts (it is

About the author: HeyImSnuffles Snuffles
Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.

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