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So why are the steem coins going down so much in value ?? It is insane !

This post might be of interest to you: Down Down We Go – And why that might not be a bad thing

Thank you i will take a look now.

because a lot of people sell their Steem. More sellers than buyers. Steemit just hast 85k users. We need more buyers for those coins generated daily.

Is ot also because of panic sells ? I see much panic a few weeks ago on bitcointalk.

sure. A lot of people sell if price is falling. There aren't only investors in the Steemit network. There are also people who want to make a quick buck. Those people sell all their Steem when prices are falling. And prices fall because Steemit users cash out.

I think $0.50 ish will be an important level

Yes, possible.

I bought a 1500 steam for 0.00136. Falling prices do not need me now)

Although Steemit may not be a flash in the pan, it still had the initial splash and the ripples will last a while then calm. I know people are here to build a fortune (good luck), but no matter what it is still a far better platform than the thieving facebook or other venues. So hang in there in time all will stabilize.

u think itll keep going down throughout oct?

Possible. If whale sell panik - sell panik first :-)