Thanks for the good text as always. I am personally quite pessimistic about any price development without having the money in the background.

You may have seen the development for different kind of Steem-Engine based Nitrous projects and that is going to be in, my personal opinion, how a price will be set. (They can't keep the token price because they can't defend it nor find enough users to keep the price up)

Steem is a sell out token. And yes, there are investors buying Steem but you will have to look where the money is coming from. (It is an issue we had talked about so I will keep that out)

That specific layer of investors that were buying Steem before because of different reasons will definitely leave.

I have myself powered up a small amount of Steem during the last 2 years, but the current shaking is moving myself to a situation where I would rather have the possibility to power down and exit when needed.

Sure, it would create a mass of downward pressure on the price now, but maybe it will mean that from then on, the price can build in a more sustainable way as the majority of STEEM owners will have bought it and nearly all of the pre-mine will have been "laundered" through the exchanges to be indistinguishable.

Having hodlers that have bought on high prices, unfortunately, does not mean that a token price will rise. Getting a real low price, as an example here in one of the comments would lead to the leave of the rest of the few active users that this platform has. Not speaking from witnesses that will have to work 'really' voluntarily because the 8200 Steem per month will not cover anything.

Steem would be a nice and small project, open-sourced, free of speech and all you need, but without users. (Why are most of the influential Steemians active on Twitter? Because that is where people are they want to have listened to their voice)