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RE: I have watched Steem and all Alts continuously go down for awhile now...
Many people held Steem at $0.07 USD at the start of the Steem blockchain, because they believed in the Steem blockchain.
But if what you say is really true, and every altcoin will crash because of manipulation, then the Steem blockchain (nor any other blockchain) does not have a future.
It has a future as a place to store content in a decentralized manner?
That is mainly depending on the users of the Steem blockchain.
Let's be honest, nowadays people are using the Steem blockchain only to earn money. The price of the Steem highly affects the level of user activity on the Steem blockchain. If the price of the Steem will move down to $0.01 (or less) USD, then probably no one (or only/just a few people) will use the Steem blockchain.