Quite a few people are posting on Steem and what is going on. To 2 posts I made some of my comments and observations followed by some interaction with the post creator which I copied here below as well. What is your opinion?

Initial comment made in other posts on the Steem topic
I agree we are in interesting times with Steem as we speak. Last week it was pump and for some also dump time in crypto land, and also Steem benefited but lost on it again, however keeping a much higher net result (18ct instead of 6/7ct a week before). Question is: is it 1) pump/dump, 2) shift from BTC to other ALT-coins and/or 3) new FIAT flowing into crypto land? I think to believe the later 2.

Maybe because of EFT thing around Bitcoin, a wider audience of investors are now drawn to crypto land. Last Sunday in one of these Dutch TV investors programs, I saw some more or less traditional investors talking about crypto to be in, not directly in shares to the companies, or buying crypto as a currency, but through trackers. We are talking about investors who invest at the major stock exchanges; A good sign to me more money will be flowing into crypto currencies, from people with deep pockets. Even if it are trackers now, crypto getting attention from a wider audience of investors.

The posts I was referring to that contains some more observations

https://steemit.com/steem/@glitterfart/who-is-crazy-enough-to-sell-steem-with-this-chart-configuration
https://steemit.com/steem/@lukinsawyer/steem-whale-manipulating-the-poloniex-price-i-can-dig-i-rode-the-wave-with-him-like-the-little-fish-that-live-on-the-bottom-of