I think the pre-mine dump by whales is now just too excessive. They pre-mined too much Steem and we are all now paying the cost.

Just think, newbies are coming online to EARN Steem, not BUY it, so the price continues to fall. It's basic economics here: supply is outstripping demand.

Let's hope the Steem demand picks up before the price craters! The marketing people at Steemit have many hard marketing miles ahead.

I am a full-hearted supporter of Steem before you start going berserk in the comments section, but we must speak our mind to save our crypto!