Steem is already too big to fail. The value of a coin could drop to 1 cent and I'd be even more bullish in that situation than I am today. Such an occurrence would mean a lot of the corrupt whales had abandoned ship and the only people who remain are the diehards. You can count me in that group.
I agree. While the dumping affects price, as long as it keeps spiraling outward in use case it will be fine. I am enjoying these times a lot at the moment because there is inspiration in the FUD.