If people are asking if Steemit will fail, that indicates we're near the bottom, or that Steemit really is going to fail. I don't think it will, because it has a functioning website, apps, and payment system. The price may crash even more but unless something breaks within the code, or the main supporters all suddenly vanish, I think the site and community and chain will continue. How far up it will go when cryptos recover is another discussion!