1$ steem? Ouch !!! Im always surprised wen I see steem under 2$.
I think that even if steemit would have 5 million accounts it could still go down to 1.5$ because it all depends on the price of bitcoin. Whats hard to understand is the rapid correlation between the price of btc and steem wen btc drops even if there is alot of steempower. If steem goes over 5$ again I will be taking profits this time.