I agree with you! but unfortunately people power down! then count all the people that are inactive and didn't invest steem! do that then add to the real active users that doesnt strip rewards and you will see we are in the few thousands and few thousands are making the price worth a 1 dollar or so...that's not bad

all thanks goes to the whales holding millions and delegating millions ...and curating by the hundreds ...if it weren't for them...there wouldn't be something called steem as it would have shorted a long time ago

even if big whales decide to power down everything you can still blog and still vote and do practically eveything else if you don't care about money...eventually someone will be interested and will invest money in it and so the price would go up again and that is how whales were made

Steemit can go bear market for ever and never crash lol