The ebbs and flow of markets my friend,

I would say it is a wise purchase depeding upon your timeframe. If you are a long term holder, then I think it wise. If you are looking for a scalp, you might see more downside.

Even with the news this past week, the truth is steem is not well known to many people. We only have 400K people on here...that isnt a lot of buyers. Fortunately, there are few sellers overall. That said, many traded this at a dollar so the run up gave them an opportunity to take profits.