RE: Why I won’t be compromising with Justin Sun by sanjeevm

Viewing a response to: @blocktrades/why-i-won-t-be-compromising-with-justin-sun

steem · @sanjeevm · Mar 17 '20

>  I see this as a big win for the community and particularly existing Steem holders

So holding the steem for now is going to help us as well as the community ? The reason I am asking is that I was powering down, after all this started. But then I powered them up to support the witness voting. If the price of steem is going to dump, then will we not also loose there ? I understand the equivalent air drop of the new coin will help, but how retaining the old steem will balance that ? Because we bought them. And based on the read, I think, its not wise to buy more now ?

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@sathyasankar · Mar 17 '20

Once the new blockchain comes to existence, sell steem for new coins. This activity in fact will raise the value of the new coin.

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@sanjeevm · Mar 17 '20

But we will need power down and if Justin starts selling it will be barely valuable 😀

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@sathyasankar · Mar 17 '20 (edited)

$0.10

Then start powering down from now onwards and keep those steems liquid in the account. Soon after the launch, you can easily sell them for the new currency. I have been powering down for some time now.

👍 liondani

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liondani	0 B		635,663,418,567	21%