what about the second part of that question ?
- that constant pressure isn't good for price , which inturn turns off developers and content creators.
- Shows low confidence CEO
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what about the second part of that question ?
1 yeah, I've always accepted that the terrible distribution was going to create a long term period of sell pressure.
Yes, it's a good thing he's selling, so there is a greater chance of redistribution on here. But there is also the second part, which @itstime is trying to point out.
I think you're holding up too much hope for this blockchain. It's admirable but still, you have to see facts for what they are. CEO dumping might mean nothing like that to you, but for the people we're trying to attract (which a great part of your post speaks about), this is exactly what it might be implying. "CEO and largest stakeholder is powering down even at a ridiculous price". Speaks a lot about project confidence and valuation.
Anyways, i'm here for now. But i won't let my love for this place hinder me from seeing things as they are presently.
How does it not show low confidence CEO ?
If ned thought STEEM is going to 100 in few years he woudln't be auto-selling it ...once or twice sale to cover expenses is understandable but auto sell ??
Do we have any idea what his real stake is? He could be moving it from his highly visible account to ones that nobody knows about? He might have a large tax bill from last year or he might be using the money to put back into Steem projects? There's no way we should rely on Ned, so I don't have a problem if he's selling. When he's sold, that selling pressure is gone and we don't have to worry about it. Maybe he's doing something that wont be good for the rest of us but I think its obvious that we shouldn't be relying on Ned now.
He has about 1m liquid steem in the ned account
From what I have read , it's mostly going to exchanges which inturn means selling for Fiat.
Probably but isn't that also a good way of hiding sending it to other steem accounts? He should be transparent and tell us if he's selling all his steem, like Charlie Lee was when he sold his Litecoin.
Selling at top would actually make sense.....get some funds for development or buy back at cheaper price....
but auto selling at bottom ? meaning he doesn't really care about it either ways..
IMHO
You must be new around here.