Yeah, not sure if that includes the steemit account or not. ANd also not sure how i feel about that (though they pretty much were obliged to). In a way, i think it would be better, long term, to just rip the bandaid off as quickly as possible.
TBH, i actually think that breaking 50c in the this week would be bad in both the medium term and the long term.
In the medium term, the bigger the gains we have right now, the bigger the immediate bounceback is once more steem starts hitting the market. If steem goes up to 50 or 60 or whatever now, then quickly back down to the high teens low 20s once the powerdowns start to hit, its very possible that many will view that adjustment as the starting gun for a race to the door -- the signal that all the whales (at least the ones who arent pledged not to) are powering down and selling so i had better too before the price tanks completely.
If it continues to hold in the mid-higs 20s now, then bounces to the high-teens low 20s level when the new powerdowns start to hit, i think people will be more willing to hold and give the currency a chance to appriciate in value before they sell.
agree. but I think we will see a pump close to 45-50cents range end of this week.