I think the problem is that people jumped onto the crypto hype train during the peak seasons. That to me was the first mainstream hit which invited loads of new money. Fast forward 3 months into this new year and we are seeking corrections and lots of people are "bailing" or calling on people saying "where are my x1000 gains".
It would be lovely to see steem hit 98. I only just started Steemit and it has introduced me to the crypto world! Great post :)
That is definitely part of the problem. Oeople jumped in without any knowledge and with huge expectations.
Slow steady gains would be ideal for the next few months and let everything have a chance to settle down. All the ralk of regulations are having an effect aswell i think and people are waiting on the outcome of those. I love steemit and all that it offers so im happy just moving along on here.