The failure of Bitconnect was inevitable, so the sooner we got it out of the way the better. We'll also see many of the coins currently in the wild fail. I think that's also inevitable since many don't even have working products, and won't for several years. Steem however is up and running just great, and the use case for it will only continue to grow.
If @ned can realize his vision, we'll be able to look back 10 or 20 years from now and see that this was just the start of the blockchain that powers the internet.