Dear @exyle

I fully agree, that calling the bottom now is a bit premature. Regardless if HF21 will go well, or will go wrong (possible) there is still very little trust within community towards Steemit Inc.

As long as they will be selling large amount of STEEM on monthly basis - this distrust will be only growing. TA cannot really show us future direction for that one particular reason. STNIC should be considered by us as a "market maker". If one player is so huge and is dumping tokens from time to time - then how can we believe in TA?

HF21 will accelerate this process.
Remember though that HF21 can be very good for Steem but it can be bad for your ability to earn STEEM.

Major two things (for common user) that will change is:
a) non-linear reward curve - it will most likely "kill" culture of upvoting comments (time will tell).
b) 50/50 reward split - since PALnet seem to be leading in that direction we can already witness how does it really work. And so far it seem that 50/50 only create extra selling pressure, since curators are more willing to dump their easy earned PAL tokens. Can we expect different behaviour on Steemit? Why would we?

I'm full of hopes that HF21 will make things better, but right now I'm not very optimistic. I strongly believe that when it comes to PRICE steem has still long way to go (down).

ps. is there any way i could DM you? Do you use telegram by any chance?

Yours
Piotr