thank you for the answer, appreciated : )

I bought a few dollars of Steem recently, I bought it because I like Steemit, but i expect the price to fall even further. But the bottom line is I believe steemit has at least another 50 % to fall before it stabilizes. The reason I believe this is simple steem takes 3 years to decay, the website is brand new and I believe (remember 3 months ago i could not spell bitcoin) steem was never meant to trade on the cryptocurrency marketplaces anyways. Steem is ultimately an internal steemit only currency to reward platform activity. Over time I am sure it will find some common swing points but that will not occur in 2016, and even when it does I doubt people will be able to relaibly predict such highs and lows, but what do i know; i cannot even spell BTC . . .

Consider your have one point five million dollars worth of steem, but last week you have 1.7 million. If you see the price falling and sinking faster than the titanic you can either try and sell off faster than a Black Friday shoes sale Or sit back and hold an unknown currency and see if your October 1.5 million will be enough to buy a dinner out in February 2017.

If you are owed a debt that you have tried to collect on but cannot then you are forced to write it off as a 100%, or you can sell that debt to a collection agency for 15 cents in the dollar and write off 85 % as your loss but at least you made a 15% return on a 100 % loss . . .