If you think that Steemit is a quick money scheme, then you are lost my friend. I was not in panic when the steem market price crashed so hard,to an extent that some people stopped to blog. If you understand the crypto market very well, you have to expect more highs and lows at any time.
Luckily enough Steem price has shown a rise of 55% by today (very promising). This has come at a time after some bloggers have already quit the Steemit community, saying that steem has come to an end.
I think steem prices dropping helped the community weed those who thought there is quick money on Steemit. And guess what? They have lost their loyal followers along the way, and if they are to come back, they have to start from scratch. Be that kind of a person who sees his/herself as the future whale, and that is very possible, provided you blog consistently with good content.
Some other steemians decided to power down and withdraw all their rewards in fear of what is happening in the crypto market.
I decided to hold until i see the prices sky rocketing again. This is going to happen very soon.
