Price drop is a stab in the back for full time steemians who work day in and day out here to earn themselves a livelihood.
While this is temporary but is causing a lot of trouble to these people. I do hope this is the bottom and we never ever get here again.
The drop is caused by being attached to Bitcoin, which has also dropped. It's normally people just selling to get some profit before Christmas. Steem should not be a primary source of income otherwise people could lose everything. However, if they are willing to put the work in, they can make some good money here.