Couldn't agree more with your points... I believe that the price of STEEM will continue to fall because many new users who have joined have left. The number of active users here is now around 50K maybe even though there are 310K+ accounts(technically). I did a simple query to find out how many users have participated in upvoting in the past 24 hours and the number was almost 25K! Not to mention that most of those are just bots!!! :[ But despite all this, I still maintain my overall positive outlook...
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Those new users were worth nothing anyway, unless they invested or created high quality content.
Thank you @msg768.
Yes. Our ability to maintain users is so low. I follow the Daily Steem Stats Report, and it shows similar results.
What is the reason for that. I need some hope here. :(
It's more like a sixth sense than a reason to be honest :]]]