I'd guess the problem starts when those folks buying at 2x+ learn that they have made a mistake and begin to dump.

If the amount of sbd is not enough to crash steem on a wholesale dump by those that are trying to cut their losses, then we just keep telling folks to not buy into the pump.

So, provided this isn't an attempt to sabotage the platform, I say let them run the price to whatever they want.
As long as the price doesn't go below a dollar then holding something that only loses 50% might not be a bad thing.
I mean, imagine if btc moved the decimal one place to the left, wholesale panic would set in, but your sbd won't go below a dollar.

Why we want to track the usd and not a milligram of gold is my current question.

The dollar is going down, it is only a matter of bankster last gasp efforts that it has lasted this long.