Sort:  

I guess that's the other side of it. STEEM was once $4 and is now less than $1. Anyone that put a lot of money in at the peak is now sitting on a loss. Having said that, there were plenty of times Bitcoin pulled back only to break those highs time and time again.

With STEEM being more than just a currency I think long term people's money is safe. But you never know for sure.