@noisy look at the market situation even hardfork 20 more worse investors start powering down and selling steem on bittrex all whales are powering down , How we can attract more investor if market is not stable , selling upvote on spam is almost stopped but still market crashing so blaming spam the reason of market crash is false , infact big whales are disturb by steem market unstability
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from my perspective, hardfork 20 didn't introduce changes which most people are waiting for - SMTs. HF20 addressed different issues, but community needs some time to fully utilize those changes.
It doesn't matter whether STEEM is worth $8.00, $3.00, $0.70 or just $0.01. Whatever the price of Steem will be, it will be always better reward than $0.00 which you gets for writing your blog in different places.
If you want to see price of STEEM rising, just invite here more good writers. In most cases good authors do not sale STEEM below certain threshold, because that would mean that their work would be worthless.... and they know that this is not a case.
Price goes up not only when there is strong demand for certain asset, but also when it is limited supply. Just focus on this part of the equation on which you have some impact. If there will be more authors here... it will decrease the real supply of STEEM on the market.
What more can I say? That's exactly it, if you can't have an impact on the financial aspect, you have to focus on the functional aspect and make Steem a must-see place. When I see paid polling companies earning millions of dollars and hundreds of thousands of users, who waste their time selling their time and lives for a few cents, I have little concern for Steem's future. All comes at the right time to those who know how to wait.
as long as bitcoin futures will be traded by the banks....this will be happening over and over. But sad thing is, that price of btc is having so big impact on almost all other cryptocurrencies. So...as long as Steem/Steemit as whole will not be independent to the prices of other cryptos, this kind of turn-arounds will be happening. Ask @ned about that, because THAT is real problem.