I tend to agree with you. A lot of people seem to think that Steem is a hedge against inflation which may be but at this point there is no evidence to suggest that. Steem has never been stable and has never established value. The overall market is still very much at it's highs, in order for cryptos to prove their worth they're going to have to tough it out when we're in a down market (imo). When this happens (and if) then I think we'll have some real information to go on.