There is no way to spin it, the current price of Steem is concerning.
Since its high in July the price of Steem has been in steady decline and now it seems we are reaching all time lows daily. What is perhaps more concerning is that the price decline is accompanied by a mass exodus from Steemit - average users are simply not sticking around.
This does not inspire confidence and likely means new money from outside the Steemit ecosystem will not come until the platform begins to turn around. If outside investment is limited maybe it is up to us (the hardcore Steemit user base) to bring Steem back.
So when are we buying?
I have created a poll to try to gauge when active Steemit users might begin buying Steem. Please take a moment to participate:
POLL: At what price (usd) will you start buying Steem?
I personally am not at the point of buying. I bought once before and I have watched that investment wither away to nothing. Not inspiring!
Below 10 cents (usd) I will begin considering once again.