Last week 
After the crazy bull run and the price went below $2, I started to buy. Prices were the lowest I had seen it and took it as a bargain. I still do see it as a great investment, but I do wish I held off. That way I would probably be an Orca by now, but anyway it is what it is.
But there is an entirely different bracket of steem holders and earners too. Those that were here pre the bull run when steem was only 7 cent and those that joined in the last year where prices were never above 25 cent.
Imagine buying at 7 cent, man you are still in profit after all these years. Anyone buying at 25 cent makes 100% profit by us just moving to 50 cent. Massive profits can be made which attracts short term investors. Not so mehhhhhh now!!!! If only I could buy more now :-)
Accumulation also comes into it. I invested so much into steem, however every steem I earn lowers my breakeven. But I don't want to break even. At current prices, yep 25 cent I take a tiny profit on my fiat investment, but for the time I invested, well that's worth way more. So really I see it as a current loss.
2 years ago I spoke about thinking long term and said my investment in steem would be good for 5 years. Looking at that now, for the technology and adoption, it would be more like 5 years from now as I feel needed changes like communities are taking to long to deliver.
So what would my target price of steem be? That's a really hard question. We have seen $8. It's not impossible for that to happen again. things go up and down and up and down. It's only a matter of time. But at $5 I think I would start to feel it. It would be hard not to take profits at that level. But then imagine it went to $10. Dohhhhhhh. I think I am glad I don't face those decisions now.
What's your steem selling price?
****** this is not financial or trading advice.*******