The selling certainly don't help none, that's for sure. Although I'll take the financial growth situation down at Steemit Inc. at face value and expect more good news in the future.
It's hard to pick a bottom in STEEM but I do think your buy was solid, given that we're fast running out of room to the downside. Current prices are looking mighty tasty right about now. After all, what's the worst that can happen buying in now??? :)
If they really are generating $100k per month, at $.10 we would have a $30 million market cap. Steemit is just one app generating revenue, yet steem is a global product. At that point the valuation wouldn't seem very speculative at all...
Things can change of course fundamentally, but I look at that $.10 number as a potential floor given the current fundamentals.
Hopefully we don't get there though.
Now, if we can get some improving fundamentals, we can start talking about raising that floor... :)