You have a great point. That’s how bear market works. Even Steem goes down for that reason. Some people are using their generated Steem to pay their rent, bills... Now when Steem is that low, they are forced to power down and when you add people who are panic selling, than the price gets where it is now and perhaps even lower. ETH is the same, companies have to pay the bills and with overall sell off, there is no safe heaven. Not even in BTC or ETH. Anyway as Buffet says “ buy when everyone sells, or when there is a blood on the street” or something like that. lol nice shirt and “yes” it runs through my mind to consider buying at these levels.
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