Voted for

• No, I'm Sticking Around

It's possible that some are scared that their Steem Power will become obsolete or the entire system will be replaced and they'll be left holding a bag of worthless vests. I think a large power down is a good thing as it increases the voting strength for the rest of us that have Steem powered up.

I think its a combination of many things that has people powering down, but all of them are related to FOMO in one way or another.

Some might believe that Justin Sun and Tron will be pumping the price of Steem in order to dump it all later on and leave Steem in ruins, and they want to have some liquid at the ready for that possibility.

Regardless, buy when there's blood in the streets, and although Steem is a bloodstained bargain at 20 cents even, I'll be taking advantage if whales start dumping now. They'd be idiots for doing so as Steem works off a model that benefits from exposure and new users, and Tron brings that exposure like never before.

Of all the crypto assets out there, Steem is one of the few that I consider an actual investment, rather than just a speculation. If you treat Steem as purely a speculative asset, you're going to lose money.