STEEM falls under 0.2 USD - Time to cut losses or dig deeper?

drutter(72)
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As I predicted last week, STEEM re-tested the $0.21 low, and has now fallen through, plunging below 20 cents to 0.198 at time of writing.

Nominally, it's down 97.7% from its all-time high set in early 2018.

Since 'opening day' in 2016, the STEEM price measured in BTC has fallen from 0.0015, to 0.0000168 today. That's a purchasing-power loss of 98.9%.

It's my estimation that the people remaining on STEEM are 1 or more of the following:

  • hopeless dreamers
  • not good at math
  • bot operators
  • whales
  • unable to transfer out (ie: lost active key)
  • alternate accounts of bitter ex-users
  • good people who try to help good causes and end up being manipulated/abused

I'm a little of the last one, but mostly the first one. How about yourself? Any categories I missed?

Is it time to cut losses, sell for any other currency, and get what we can before it's all gone?

Or is now the time to dig deeper, invest more, double-down, and put our money where our mouths are?

Put more simply: Is Steem ever coming back, or has it seen its best days already?

DRutter

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STEEM falls under 0.2 USD - Time to cut losses or dig deeper? | Ecency