I agree that positive trend is looking very likely and that it might no happen quickly this time, but who knows about the future? It's always possible that the currency will massively inflate in a bullish scenario only to pop and collapse again after. This is an aspect of free floating currency, as you poited out also, that can always happen. But a currency with low risk and low variation isn't necessarily a good thing, and I think the moment steem is having will inevitably be good for attracting investors from other currencies into the platform, especially as it begins to show signs of recovery.