Thank you @stellabelle for that walk through the history of steemit. I joined in August so I was not there for the March deathroll. However, I started writing about STEEM at the end of October/beg of Nov because of the negativity on here. It was horrid. STEEM hit close to 70 cents and people thought it was the end. I know that doesnt compare to 10 cents but I imagine the outlook was the same.
I am glad I was a buyer at those levels in November.....faith in the steem blockchain is well rewarded.
IF something works better than the other things, value will eventually become known. It was really scary though, back when there were only a handful of us on here blogging.