Seems like everytime bitcoin pumps steem falls. Maybe when everything settles with BTC more people will start looking into ALTS. We have to show that steem is a great tool for building many platforms such as palnet and weedcash. Steem maybe needs a sink to counter the yearly inflation. SMT's seem like a long way off and hopefully steem doesn't lose steam by then.
Would be nice if steemit also had the same promotion system that palnet and weedcash has which would burn steem.