Steem's volatility has proven itself to be much stronger in both directions for myriad reasons.
I think taskmaster talked about it, but paradoxically Steem's volatility could be bigger than many other coins just because it is relatively easy to use (no transaction fees for example) and understand. This coupled with the emotions that drive the market and lack of vision by regular folks, it results lower lows than perhaps expected, because it's easy to cash out – easy come, easy go. However, I feel that there are more and more people who value Steem Power – those who've had to work hard for it – and want to have ownership and influence on the direction of the network.
We are all biased, but thinking of the technical capabilities, there are not many chains that have the potential that Steem has. That coupled with emotionally heavily invested people and you have many who deeply care about the ecosystem – it comes with negative outburst at times, but it shows that people care, so in that sense, I don't see bias as a bad thing, because it keeps us committed, and how would Steem ever be a success if there was a sense that everyone of here is ready to change the ship at any time when a seemingly more attractive choice presents itself?