Yeah, I think people are without a doubt looking at top 100 coins and putting money into them without reading up on them. I think the same is true of STEEM unfortunately. People don't like hearing this because obviously we're all invested in STEEM, but the truth is, people are throwing money at everything and seeing what sticks. Does anyone believe someone who buys a stake in 30 coins is reading all the whitepapers? Keeping up with the news? FUD and FOMO can affect prices to an insane degree. All people need to read is a tweet or a reddit comment and they'll put $500 on it. I think people probably look at the transaction count for STEEM and say "Hey, that coin's pretty cheap, I should get some." Then they never even look at the plaltform. It just sits in an exchange. The whole situation is troubling.

To be clear, I think STEEM is very valuable. The transaction count is a good demonstration of its value, but being a living working product is a much more important factor, and if people investing in it aren't aware of that, they're not going to have as strong of hands during dips as they should.