Like PT Barnum said, there's a sucker born every minute. I'd argue that those who purchase Steem at this point to hold or power up are absolutely mental, but also suckers. To be fair the stock market is full of these "sucker purchases" all the time, and you're never going to run out of gullible investors with money to burn.

From the get go I've argued that Steem is a monkey trap, and as long as there are people who can't let go of it, they continue to give it value and help Sun.