Why the massive price drops in steem doesn't bother me
Sure the price of steem is lower than it has been for a long time. Sure I may have bought some of my steem when it was $2+. Of course I wish the price of steem was up rather than down, but steem is not the same as other currencies.
Price doesn't matter as much as you think
Unless you are a massive whale just sitting on 1000s of steempower, then the price matters less than you might think. This is because steemit is an active earning platform, not a passive earning platform. You earn by curating, posting, commenting, and even taking advantage of businesses like 
Inflation is decreasing. Less power downs.
I believe the current inflation rate is only 9.5%, while it used to be 100%. So short term maybe the price will drop, but as more users join, there will less steem for each user. This will cause a direct increase in the steem price. (Hopefully). If we can get as many users as Reddit, there may be less than 10 steem per user. With whales holding most of it, steem will be scarce and the price will increase dramticly. I know that becoming as big as Reddit is a tall order, but where money goes, humans will follow. Its our nature to want to be rewarded. So while a current supply of 262,197,165 STEEM may seem like a lot, its really not. In addition, less users are powering down and most whales are holding massive amounts of steempower.
ICOs and SMTs
Look forward to the future
The price of steem is down. However, over time the price will increase. (At least im betting my money that it will) So hold that steempower, buy more, and do not sell. You may regret it in the future. :)
Your friendly Neighborhood Steemian -
