We are in total agreement as to the manipulation of Wall St. on the crypto markets, trying to squeeze every viable coin from panicked hands, in preparation of bringing on the bull market.

As to STEEM's more drastic fall in that market, there may be more factors explaining that which you have not mentioned. The flag wars are not winning new recruits, especially the attacks which cause collateral damage. Yet the driving away of new users cannot explain the additional loss as their cashing out would not amount to much.

It is my feeling that the sell offs by Steemit, Inc., to help pay for their over $2 million dollars of server costs not to mention staff payrolls, has been a huge factor.

Not sure if you have followed Ned's live chats over the last week or so, but that ship is being turned around. There has been a 70% layoff of Steemit, Inc.'s staff (while retaining all major developers) and brainstorming, by the remaining team, indicates that a cost effective witness node is coming down the pike. This will mean up to a "95%+ memory consumption reduction by moving our storage from memory to disk" with a target of running economical nodes "running on commodity hardware with 4GB of RAM and a standard SSD".

This is huge and something that has been on my mind since posting my fourth post on this platform. Finally!

This will mean a more decentralized network running on more cost effective hardware. Although not meant as financial advice, this news makes me more bullish on STEEM than ever.

STEEM On! 😎