Powering down
I just want to ask why are so many people powering down
5 years ago in #steemit by steemituplife (59)
$3.08
- Past Payouts $3.08, 0.00 TRX
- - Author $2.35, 0.00 TRX
- - Curators $0.73, 0.00 TRX
People who were planning on using STEEM for Christmas will power down this time of year. Some have to power down more than they wanted to.
I suspect there will always be a dip this time of year.
I worry that there are people who bought STEEM on credit. There are many who increased their spending based on earnings in their STEEM wallet. Such people are facing a classic margin call.
I considered buying a video recorder to make Dtube videos. I would be in a margin call situation if I made that mistake.
Unfortunately, I feel that many of the people who are powering down are upset with the direction of SteemIt or they are simply in panic mode as there is a chance the platform will fail.
I am a sink with the ship type of investor. I believe that the SS Titanic is simply too large to ever sink.
Thank you i really hope it don't go down
This post has received a 17.67 % upvote from @boomerang.
I think people are just scared
I agree