BTC dropped causing all other cryptos to do the same. So we're in a bear market right now, investor confidence is low and that's probably because crypto is still very new and unique. Investors are probably asking that very same question that you are. Is it a bag holding game -- because if it is, I don't want to buy the dip.
In the real world economy the smart investors would be buying like crazy at these insanely low prices. Yet, in this strange crypto realm nobody seems to know if-or-when Steem will moon again. I've a feeling as cryptos are adopted by more and more corporations and financial institutions you'll probably see steem rise again.
Big question is, will it rise as radically as when all that randsomeware was in the wild forcing people to buy bitcoin to unlock the computer systems for their various corporations. It's possible that-that may have been what caused bitcoin's rapid spike in value. Similar to how the petrol is what traditionally propped up the value of the US dollar. Countries had to deal in dollars when trading for oil.
As far as the vote sellers are concerned. If any of them did invest big $$$ into steem, as opposed to mining it in the early days. Then it's their investment which adds value to the blockchain. So no matter how they behave on the blockchain, the fact that they're keeping their SP here as opposed to dumping to the market is good for the value of steem. If too much steem is dumped to the market all at once the supply will drive down the price and causing everyone's steem to be less valuable.
dApp developers could potentially make money if they chose to advertise on their platforms. That might be another reason that would cause potential investors to invest? One thing is key though, steem has great potential to squeeze the creative juices from people's minds and I'll give you the secret as to why.
Money is a necessity, and necessity is the mother of invention. It's why this platform has become so productive with respect to content creation. It's that slim chance that whatever content you produce may be rewarded. If corporations were smart, and I think they are. They'd invest heavily into steem and hold competitions and query people on what they can do to make their products better or more appealing. Steem is a wealth of human brainpower. There's got to be a million and one ways to capitalize on that.
Maybe if something like this happens we'll learn that the thing that makes steem power valuable is not BTC but rather the never ending supply of content and creativity it's users can provide to the world.