Steem is having a rough day amidst a sea of mostly-red alt-coins today on CoinMarket Cap. Unfortunately, though they are bound to be transitory, the market is taking a rather dim view of the recent DDoS (malicious denial of service) attacks on the Steemit site.
Much of the market may not know the difference between a DDoS and a problem with the blockchain, but that won't stop them from putting in sell orders. It always merits keeping in mind that the market is often irrational, and can stay so longer than you can remain solvent!
On the bright side of things, the .90-$1 support area for Steem continues to hold. This is a strong area that has been tested numerous times. Furthermore, the fact that Steem merits DDoS'ing now may indeed be proof of its rapidly increasing public footprint, as it climbs the Alexa Google search rankings.
Nothing fundamentally has changed for Steem or Steemit. I continue to plow all my SBD into Steem via the internal market, and any free cash I have I will buy Steem with. In fact, I have never transferred out of Steem nor powered down any Steem. As long as Steem remains close to $1, I remain unconcerned.
However, given the markets ability to over-react to these such matters, I do believe setting up a static page that informs users that "Steemit is down but developers are working on it" would do a lot to mitigate these sort of snap decisions by weak-handed sellers.
Were I not used to losing vast sums of money on paper, this might be a rather distressing situation! I sympathize with the (majority?) of my readers who probably do not have the benefit of such experience. Take a few days break and don't watch the price! Do something fun. Check back soon.