Steemit at $4 could support a lot more users than it does today. The capacity of the platform went down 100 times in the last month so yeah at $4 it was pretty healthy much more than it is now.

It's not a personal opinion, it's a fact. Whales are mainly responsable to the price suppression, and guess what they all have more steem power than they had when they first started to dump, don't you see the flaw here?