I was just looking at Steemwhales.com and I noticed the largest whales are of course @steemit this account is huge, then after this guy or I really don't know if it is a guy maybe @steemit is in reality just what steemit.com has in steem, well anyway after @steemit comes @bittrex and @poloniex, logically, they are exchanges and hold a lot of Steem.
After these come @freedom and @misterdelegation who if they are individulas hold a huge amount of Steem, even though with a name like @misterdelegation I wonder if all of this steem belongs to the account holder. After these guys come others among them @dan and @ned, both founders so they should be among the top holders.
So, realistically would these guys want steem's price to plunge? I don't think so, @freedom loses $600,000 for every 10 cents steem loses, which is a lot of money, in fact with 600 grand I would be out of economic problems permanently. So all of a sudden I am having second thoughts about steem whales being the ones behind the stagnation of steem's price, maybe therer are other factors that I haven't considered.
@davebrewer made a comment on one of my posts saying I might be a little paranoid, and after looking at Steem Whales I think he might have a point, even though at the time we were talking about Bitcoin. But I guess everyone is a little paranoid at least, and rich people are manipulating a lot of things, they are the experts in evading taxes, which I guess to Steemit members is a good thing as most here agree governments are parasites leeching off of working people's money, I also believe that, but I also believe rich people have the same tendency to leech off of others work as much as governments do. So in my opinion we have some powerful people and I don't mean the Steem Whales I mean investors who are the ones moving prices in the crypto world
It could be that I and most of everyone is a little jealous of rich people, I mean they don't have to worry on a day to day basis about where their food and other necessities are coming from.
So you see I really think things over, but maybe my thinking is not as good as it should be, but that is the way I am I have always liked to be something like the devil's advocate and right now I am confused as I have no idea who I should think is the devil, but I do know something funny is going on in the crypto world.
The whales who control wall street crash the market so the herd will sell in a loss and run for the housing market where the hosing whales are waiting. In few years they crash the housing market so the herd sells and run for the stock market. And the cycle goes on every 20 years for the new breed to be sacrificed. There are new inexperienced whales in crypto town.
Warren buffet: "buy when people are scared and sell when people are greedy!"
I think wealth distribution is a problem here since ownership has such an impact on user experience.
I couldn't agree more with gduran, governments are parasites who squander tax payers money. Instead of paying to help the most vulnerable in our society, they give tax breaks to corporates and help banksters ruin more aspects of our lives each decade!
This is the reason why cryptocurrency is a massive power, ready to bring the power back to the people!
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I asked a question on reddit the other day " how to cash out your crypto profits without paying these parasites half?"
I was told about Bitcoin atm machines!
There is probably one where you live, but if not it is worth travelling to get to one, it might be a very ...rewarding trip * nudge, nudge*
You transfer your cryptocurrency into bitcoin and then onto a special wallet and then take it to the bitcoin atm, usually in cafes.
I actually got a coffee from a cafe that had one without realizing the importance of this. I didn't know much about crypto at this point and seeing this atm peaked my interest and got me interested!
I know some may ask for ID others may not, but fear not i have thought about this. You can make them an offer of 1 bitcoin to say they have seen it or search for a known atm owner that doesn't ask, even if you have to travel overseas!
You will have a holiday and a bag full of fun!