This is a real puzzle for me.
I have no idea how this market works. Like most I know the fundamentals of supply and demand.
However, yYou hear voices advicing to invest on Steem, to buy cheap, hoping an increase in value will put you in an advantageous possition later, but then we have the vicious cycle. The prize keeps going down because people are buying and therefore more are selling (or maybe the other way around).
What is it that would really favor that longed for increase in the price of Steem? I don't know if someone has accurately answered that question.