I can understand people who have invested money into Steem might get nervous when the price drops, but those who earnt all their STEEM on Steemit don't really have anything to lose, so I don't really see why they would panic sell. Also, constantly powering down makes you earn less, so I don't understand why people keep doing that either.
While my amount of STEEM has doubled since January, its dollar value is still more or less the same, so I like to imagine that now it has a higher density, like some rubber ball pressed together, just waiting to bounce back out lol. Keep hodling:)