I can agree you that it's depressing.

Especially to those who have large amounts of Steem.

I don't have much of it, so I am taking chances to buy some more, while the prices are low.

I believe we're somewhere around bottom, and that it shouldn't go lower than this (average cost of mining 1btc is around 6500$ if I'm not mistaken, so it shouldn't go below 6k$).

1.7$ Steem and 1.3$ SBD is a bargain, in my opinion.