Steem selloff is based on three factors. First is overall crypto market selloff. The second is too many people are delegating to voting bots and the third one is increasing number of people powering down. Steem price will continue to decline until this turns around. It’s a common sense. It’s actually people creating these bear markets subconsciously. I suspect SBD will drop below $1.00 the same way it went well above $1.00 threshold. We will know when it all ends when all weak crypto projects collapse. That’s what usually happens in any bear market. I call it clean up of weak inpatient hands, clean up of weak companies and especially clean up of Ponzi schemes. Remember, thanks to financial crises we got rid of criminals such as Bernard Madoff and many more Ponzi schemers. In crypto it’s just a beginning. Once we start to hear certain coins to collapse, that’s when we get near the bottom. Until then, it will be painfull for many of us. Only strongest and patient will survive.