Activity has been falling with the price. Dropping close to and now below $1 is a tipping point for many. If you are here for the long-run and don't plan on selling your Steem anytime soon. The low price is not such a big deal. You also need to consider that most other alt coins are doing just as bad.
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yup, I saw a fairly high reputation poster was powering down today, funny how some people choose to sell at what is hopefully the bottom. I have said for a long time I would buy some if it went below a dollar and I might do that, it's not much to lose.