well, if the price keeps going down and actually crashes and this whole thing collapses, then I'm at a loss as well, the $3k I invested is now only worth $2k ....

but ... here's the but; looking at my position within steemit, as in; looking at steem power and not the value of steem dollars ... I'm going up!

so, that's why it's rather easy for me to simply ignore the price ... I'm in it for the long run, which is why all I care about is the % of the total my steem power represents ... as long that's going up; I'm winning

this while it's obvious what's going on; steemit itself is selling en masse, because that's what they learned from bitshares; first things first; fund yourself, have enough savings to pay the developers for the next 6 months etc

not sure how much more they need, but at some point they'll have enough, that's when they'll stop selling and by then the price will go up again

it's not like everybody else is fleeing, that's not why the price goes down, it's because the company behind steemit needs enough cash to keep working on it ... big difference!