It is not just in the STEEM community, it's in all the altcoin communities currently. I guess these people only invest in 1 crypto? Otherwise they would notice this too.. Everything except Bitcoin is down, and most of it (including STEEM) is at what seems to be 'the bottom'. It's great for buying.. I just bought some more altcoins in fact. But all these people are new to crypto and they probably only watch the (dollar) price, and are easily panicked.

STEEM will be back up to $1.20-1.40 for sure in the near term, that much is pretty much a given possibly up to $1.60. But then again, pretty much all altcoins are set for a similar raise.