I decided to leave Steemit for about a week, and I come back to see all the top posts at about $2-3k, when not even a week ago, they were over $10k. Is Steemit really sustainable? I mean, yeah, if it stays at $2-3k then there's no issue, however it appears to have dropped off significantly since I left. This is very concerning as I had a lot of high hopes for Steemit and wanted to continue to create content for the site, whether or not it actually makes me money.
When the Steemit circlejerk was at it's peak, posts were getting $20-30k just for introducing themselves, which is absolutely insane, now that that's slowed down, it appears to have dropped significantly. Is it that the whales have left temporarily or permanently? Or has the worth of Steem dropped so much that it's just not viable anymore?
Should we abandon ship now, is it a good idea to stick around until the ship sinks completely, or will Steemit make a comeback? I'm not sure there is a proper answer, however I for one am going to ride it out until the end. Not for the intellectual inbreeding, but because I believe in the potential of Steemit.