I'm a chartist - meaning I invest based upon patterns I see in charts. While I am new to crypto - the chart for steem from JUL 2016 shows a clear double top - which is precipitous of either a major upswing or a major downturn. Looking at the chart it was a major downturn. There have been changes to the currency since then.

What I am seeing now in BTC and Steem appears to be more of a retracement - and in a retracement (Rather than a correction) 50% of previous gains are given back, followed by an new growth pattern.

I, for one, won't panic. I don't have much steem yet - but I'm also not selling any BTC.

Hold tight - ride out the retracement, and enjoy the platform. Post quality info and enjoy life!