If you're interested in Steemit's recent power down activity, consider this and let me know what you think...
Steemit powers down a ton of Steem across several accounts on the defensive and sends it to at least one exchange for safe keeping. Duh.
With virtually no good news, and with plenty of turmoil to scare even the ballsiest investors off, the price of Steem jumps substantially with some random booming buy volume over the last few days.
Aside from Steemit Inc. magically getting a much higher selling price out of the blue, what if they're selling their stake to a prearranged buyer as scaled exit strategy?
This is a little deeper than them hypothetically manipulating the normally low volume market. Something doesn't smell right, especially with Ned's silence for a month before this move, as if there was an NDA or legal reason to be away from Steemit.
The volume is simply too fishy based on the average we've become accustomed to in recent months, and we know damn well there's a deficit of reasons to justify the market responding with such a rush to buy Steem.
I was honestly gearing up to buy Steem for virtually the first time ever, but this price hike and suspicious market activity amongst all of this fork talk has me thinking this will be me speaking at the wrong Steemfest next year. I feel the need to wait it out, and certainly not FOMO buy.
...Perhaps this has been discussed at length already or it's complete nonsense. I'm just looking to spark some opinions and dialogue from those I know who check out my posts.
@steemmatt