RE: Justification for 104 week Power Down by wingz

Viewing a response to: @gikitiki/re-dantheman-justification-for-104-week-power-down-20160909t200315823z

steem · @wingz · Sep 9 '16

I'm personally waiting for the liquid steem to increase above 10%. Until then, on a macro scale it's probably better to power down.

👍 gikitiki

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@gikitiki · Sep 9 '16

Why do you think that is better?

👍 beanz

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@wingz · Sep 9 '16

$0.05

It's natural support. When vested steem is greater than approx 90%, then steem power holders have a negative rate of real return. When it's below they have a positive rate of real return.

This is because 90% of the printed steem gets allocated to SP holders and if this is above 90% vested then the return is lower. 

Once that level is hit I'd expect buying, just based on structure alone. Or at keast a reduction in selling.

👍 helikopterben, ottodv, gikitiki, venuspcs, acidyo, murh, getssidetracked, steem1653, trees, cryptochannel

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@gikitiki · Sep 9 '16

Thanks.  That's good info.

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@wingz · Sep 9 '16

Which is why in my opinion the volume has dried up recently. The market has figured it out and will wait until that point.

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@repholder · Sep 10 '16

The market has dried up because no one wants to buy.

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@wingz · Sep 10 '16

@repholder which is essentially what I meant :)

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