but short term price action is a chaotic pattern (says science and the fact that not everybody is a billionaire)...this is not where you should base your valuation on.
We have bigger problems than what a chart is "doing". If Steem was in a downward trend due to real internal causes, then a Market crash, of course, will not make it shoot up to the moon. But does the crash in a non-ergodic market has anything to do with a worsening of the politics of Steem? No its more like: Steem has problems with abuse AND it is affected by the market. Two distinct sources. One should not mix them.
Fuck politicians. No central authority should rule a country and no central authority should rule Steem. When will we ever learn from history?
PS. your US bankster politician said, they will not let anybody run a service where users have access to digital currencies without KYC regulations and anti-money-laundering shit...how does this affects Steemit? And all the other Platforms like Palnet? which are giving away tokens?