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RE: The core problem with Steem is the community
I don't think this is one of them but yes, some are going to get wiped out because they have nothing to offer, no use case other than an idea. It happened in the late 90s with tech stocks too.
I was there I bought MarthaStewart.com and redeemed myself with Ebay.
How bout that 39 cents after I was scared but bought anyway at 41!! I just don't get it. Many of these alts are still on the ICO money, nothing has happened to progress their projects. This worries me a bit.