STEEM and BTC for that matter went through a very long valley of death.. I don't expect to see us going anywhere near that low for the foreseeable future. Many long standing members of the community have stuck through the cold winter and have come out very happy indeed.
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And I guess with the many people investing real money into it big and small, it can only mean the bounce back will be stronger :)
The bigger the drop, the bigger the pop.