Nothing is imploding here. Don't compare this to Bitcoin. The model is very different. STEEM is limped to STEEMIT success at least for now. The plans are big ( see my recent post on steemit roadmap). It takes time to implement these. This has the potential to grow bigger than FB. As the price falls, it may be a very good time to invest but you have to do it for the long run with STEEMIT. put a little money here and forget it for 5 years. For your rapid gratification neurons there are other altcoins.
you are so right, i just don't get how most people are so short sighted that they don't see the potential of steemit. steemit has the potential of taking over the internet at some point, competing with the likes of facebook, blogger reddit and with the recent launch of dtube that would be a big competition to youtube,and there is even steemgig that can take on a lot of freelancing site like upwork and the rest of them, its just a matter of time but the sky is the limit for steem and steemit.
But the thing is you have to think realistically. I love Steemit and support it (that's why I'm here and will continue to be here for months on end) but in order for it to even closely compare to those giant platforms, it needs to go through a complete overhaul. The average person thinks signing up here is too complicated, they barely understand it. Now to us that's funny, because really after a few hours of research I mean you should know all there is to know. It's simple for the guys who sit in crypto all day, but for those who barely know how to search for a YouTube video (grandmas, hot models, kids and such) that may pose to be a problem. I think Steemit might plateau around a few million users over the next 1-3 years and the problems may only rise in importance.
Love ya man