Bitcoin generally tends to affect the entire market when it rises and falls. So it is normal to see Steem dip during the market downtrends. I personally believe Steem will have a bright future. Especially being that the Steemit platform, and many others at this point, depend on Steem. 

For Steemit being the first of it's kind, blockchain driven social media platform, it is incredibly successful, and constantly being updated. I think we are still in the relative early stages of just how far Steemit is going to go. 

Now that we are seeing incredible platforms arise left and right such as musing, and dlive, it's only going to get better from here. 

The best has yet to come!