It still makes me scratch my head a little that as goes Bitcoin, so goes the market. It's sad that none of the alt coins seem to have the capacity of independent movement.
That said, I feel hopeful that this broad-based selloff is part of a dumping where many people are basically throwing out the baby with the bathwater. And — at SOME point — the process will start sorting the shitcoins from the quality: People will suddenly realize that the "cream of the crop" has become undervalued, and and there will be a rally in the top projects; what the regular stock market calls a flight to quality.
Given the high marks it seems to be getting from Weiss, we can but hope that Steem will be part of such a rally.
In the meantime, I am seeing a BTC (and market) bottom somewhere in the region of the root cost of mining; somewhat under $5,000.