I don't know why, though I appreciate much of the speculation I've read in the comments on this post, but I'll tell you it has had an effect on me.

Just today, in response to reading comments on a post about the move of so many steemit whales to eos/ono I decided to hold off on a 5 figure STEEM investment I was planning to make in about a week. I'm thinking now I should wait and see what happens in June. I'm also second-guessing my decision to push STEEM as my #1 pick for a socially conscious investment group that is trying to get together with me to pick my brain about socially conscious altcoins that are also sound investments.

Now I'm not saying I'm off STEEM. It's still my favorite coin. But I am saying that all this negativity does give rise to concern that suggests the wisdom of a "go slow" approach, despite the fundamentals of the coin being so strong. I need to collect more information beyond just transaction times, lack of fees, working beta, etc.