Let's keep this in perspective
.......................................................................................................................................................................
Steem is not even two years old
Lookit what it's done in that time

Steem

Steem launched in April of 2016...and didn't do much until July. Then it launched (for whatever reason) and peaked at (wait for it....) a little over FOUR DOLLARS.

Then it began a decline (for what ever reason), from August of 2016 until May of 2017 it was under ONE DOLLAR!
For much of that time it was less than ten cents.

In May it increased to a little over a dollar...then in June it increased to ALMOST three dollars. Then it declined to about a buck again...until December. We got a christmas present. The price increased to a little over three dollars..then when Trump was sworn into office it increaded to EIGHT DOLLARS.

Since then the price has gone down..up..and down..but only rarely has it decreased below it's previous high in July.

If you check out the history of

BitCoin

You'll see something similar. Note the early peak..then a decline...then a drastic increase?

Ethereum

Ripple

BitCoin Cash

They all have much in common. They all started of slow..some had an 'ICO' bump...some didn't...but it wasn't until Trump took office that crypo's EXPLODED!

Steem has been doing rather well. It's retains half of it's peak price and doesn't appear to be going much lower.
So perhaps it's not time to panic just yet.

Today
(after the memo was made public)



Everything looks mostly green

Of course Trump had nothing to do with it.
Just imagine how much better it would have been if the Kenyan was still President.
yeah...just imagine.

Look how it was when he WAS president.

I'm sure it's just co-incidental.