STEEM down 15% since the big Man started powering down...Damnit (STEEM, BTC, GOLD Look)

Again, all the haters will come out of the woodworks here and tell me that STEEM is down because all of crypto is down.

That is not the case seeing as YESTERDAY all of crypto was UP and STEEM was down almost 5%. the market is showing that it cares and now STEEM is about to break to new 2018 lows.

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Thanks NED for not saying anything.

In other Crypto News, it all looks like absolute DOGSHIT and is going lower. BTC, LTC, ETH, EOS, expect more lows from everything.

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But In Gold News! I think you are looking at the light...same pattern is repeating itself here...

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How much has Ned sold recently?

He started a power down of 50% of his SP yesterday

Wow that’s crazy. He needs to invest in partnerships like the other big social media giants to improve the content on STEEM but he’s bailing out instead. I guess it’s too soon to judge but still...

As I understand "Power Down" means converting SteemPower (which determines influence) to Steem which can be sold or traded.

I don't know what is going on but ... If he were investing Steem in a project, wouldn't he have to power down to do so?

All we know is that he’s powering down and your guess is as good as mine as to why. He’s the only one that can confirm what it’s for but so far, I don’t think he has said anything.

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Heading over now!

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