Steem has had many forks already and most investors on the platform have no say to decide whether a fork will be implemented or not, only a handful of people can decide. Has this damaged the stability perception of steem ?

Add to that more specific observation of the fact that very limited supply (due to locking) meant that the pump in Steem was probably much higher and less sustainable than even other crypto pumps and the whole "decline from $4" story doesn't hold much water with me.

There is probably some truth to it, but the fact that the price went back to even lower than pre-launch levels is concerning for most investors.

If you do not like this platform you are absolutely free to not invest in it

Why would you assume that? lol read my posts please