Whats your thoughts about Steemit Power Down

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Steemit account having 29 million steem power has started the power down for 100% of their SP. This is a reason which is making many steem users woried. Are you aware of it and what you think about it. What could be the reason for this power down in your opinion?


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lol power down all your Steem and sell it for BTC as soon as possible, Justin Sun ruined Steem.

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Already done with that :)Steemit is gone Hive on! I do not find any solid or valid reason to be active there, anymore.

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I can only see two reasons:

  • They want to sell their tokens on the market
  • They are selling a part of their tokens to an investor or a partner
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there are high chances for first option as they are powering down 100% sp but I dont think there is any buyer buy to such a huge amount. It will crash the market.

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Justin Sun seems to be planning to run Steem into the ground and sell the ashes. I say leave Steem while you can still trade your tokens for something valuable. I already did once HIVE came out.

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