Just a note to say that I purchased even more STEEM while the price was below $1.00 USD. It's certainly possible the price will continue to go down, but here are a few of the reasons why I bought more:
- Dividends - Perhaps not quite the right word, but as my stake in STEEM increases, the more I influence I have on Steemit, which gives me more in payouts. That's kind of like getting a dividend as a shareholder.
- I am really enjoying being a part of the Steemit community. It's a whole lot more interesting than buying a random crypto-coin that you think will go up and holding or trying to trade at the right time.
- I'm hoping to continue learning how to program and build something on top of blockchain tech. From what I've seen, there are good javascript libraries to access blockchain data. I have several ideas for apps on top of STEEM blockchain, so I'm continuing to invest in something that I see as having potential.
Those are a few of the reasons. I also like how Steemit encourages long term holdings with Steem Power. That makes it less likely for people to panic sell, like often happens with other crypto-currencies.
Also, because there is a community that actively communicates with eachother on Steemit, I think there is a great opportunity for an economy to arise: people buying and selling, as well as working for STEEM. I'd like to be active in that STEEM economy.
Let me know what you think.