Is quite reassuring Jerry that you are making this post right now. I also hope many s***coins will die, releasing hundreds of millions for actually working Blockchain projects. Until now we just observed one of the most significant bubbles in history. Now is time to test our nerves and the ones of real investors.

I am quite bullish on Steem, as I mentioned nine days ago in my post;
https://steemit.com/bubble/@santana33/btc-bubble-and-steem-time-to-buy

According to the Bubble chart, we should enter now the despair part, an eagle eye the bottom of it would put SBD price at USD 1.37. To me, this is excellent news, and you have two choices;

1. Wait for the market to come down to the 1.3 level, but if does not happen and rebound you will lose an excellent entry;
2. Take a risk and buy now if it keeps going down just HODL. To me this is an excellent price to jump in, considering the USD 8.73 ATH.

So, we indeed confirmed the despair phase and got even lower than a week ago. Google made their part, what a shame Facebook, Google, internet 2.0 being the bullies in the class... This week ahead we have the G20 trying to put regulatory pressure on cryptos ... We will see maybe even the worst time, but those who HODL and keep participating, posting, investing, etc. will be the ones to reap the rewards not too far from now.

One point more to add, while Steem is down, SP rewards go higher, right now for each 100 STU, you get 37.5 SBD and now 22.5 SP,!!! which as you mentioned pulls up your future rewards and turn your account into a snow ball thanks to compounding.

How not to be bullish on Steemit then!?