legit points.
but maybe to some people, selling off a little bit of steem may be a choice they simply had to make. for practical reasons.

i also think it's a great new chance for indie content creators and artists to gain some cash whereas in the past their only source of revenue was from ads (with very little transparency).

in most cases they would probably be smart enough to stash some crypto for the future.

if someone's using it to buy stupid shit then yea.. you're 100% right. AND they're probably losing money elsewhere too.