These are the good news. I think that steem is undervalued right now and that price will probably go down more (like other altcoins). But, I also believe Steem is a giant and the price will increase after the bottom. This action will push it up more!!!! I will invest in steem these days.
Also, I am writing a series of text about investing in altcoins. Steemians, consider following me. Lets engage, work together and make progress!