You correctly mentioned the unbelievable gain in last thee weeks. I agree that bitcoin is expected to have some major correction in January 2018 but the other altcoins such as steem will not drop. It is my personal opinion.
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You might be right there.
From past performance though, any time there has been a big drop in BTC it has affected all the alt-coins pretty badly. I wish it wasn't the case. Maybe this time would be different.
Unless, as you say, the market is starting to discern between PoW and DPoS.
I could be wrong about the BTC correction, or I could be wrong about alt-coins following it down. It's a bit of a no-win situation trying to predict it :)
That said, we are looking pretty red today so maybe I'm not too far off.
Have you read up on the hash rate death spiral threat?
Fascinating and terrifying.
Yes, I commented on how it might play out in my article 5 reasons I sold my cryptos BTW - I don't think BTC ever dies, it just becomes redundant once people realise there are better cryptos to use.