"I, for one, am hoping for this as an opportunity to enter the market, though it would be painful in short term for the recent money that has entered. Sorry to say, short term looks bad as only one person can do this havoc."

Be careful, considering most of the whales are powering down steem price could very well go far lower and it could stay there forever. There is competition entering the market and things aren't looking that good for steem right now. As a regular user, I'm not that impressed right now and am feeling a bit fool, let's just hope in few years time I don't feel stupid. Can't blame whales, who wouldn't want to own a yacth or two when given the opportunity. Powering down will continue as long as there is money to pull out and user adoption stays low (profits now feel bigger than possible profits in future).