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RE: In Some Ways, Even 23-cent Steem Doesn't Look so Bad...
I am reminded of an old saying when I think of the enthusiasm with which the arm chair warriors were wanting to take on central banking, fiat currencies, taxation and overbearing corrupt government agencies:
" If you are going to grab a tiger by the tail...you better have a plan for its teeth and claws"
Ah yes, wise words.
I fear many of the so-called "investors" in this market were neophytes who had never invested in anything other than beer or motherboards before they suddenly found themselves with substantial net worths overnight. Usually that leads to a sort of cognitive blindness that completely disregards the potential downside... "To the MOON!" is the only thing they can think of...
...ain't that the truth!