I'm not that worried about the Steem price. I believe it's just a result of people chasing a quick buck whilst there is a glut of Steem out there. I don't think it has much to do with the actual Steem and Steemit technology. We know that works as many of us are getting paid. Okay, so it would be great if my SP was worth more, but I can't get it all out for 3 months anyway.
Steem and Steemit is just under a year old. Very few services really get going in that short a time. The big social sites took a few years to really grow and get known. We are the early adopters and, as such, it's pretty amazing that we are already making something. Okay, so Steem was worth a few dollars in the early days, but I think it was over-hyped then. It wasn't really ready for mass adoption. I do feel for those who bought in at that point.
But with Steem at around 8c anyone can buy some. This is like the early days of Bitcoin when few expected it to go viral. If you've done well from Bitcoin then why not spend a little of it on some Steem and power it up to show that you believe in it? Unfortunately I didn't buy Bitcoin when I should have, but that's life.
You can also get small amounts of Steem for free. The Eobot cloud mining site has a faucet. I think it pays a fairly constant dollar amount, so you can get more Steem each day now. I used some crypto from other faucets to buy up some mining capacity. The contract is for five years and I reckon it will pay back my investment in 16 months. Should Steem totally collapse then I have the option to mine something else. I'm sure they are not really mining Steem itself, but you get the equivalent of whatever they do mine in your chosen currency.
I don't know what the payback is like on other services, but you can just buy a small amount on Eobot to get started. There is a referral scheme where you get 1% of any mining capacity that people buy when they sign up through your link. I have a few people on there, but none has bought any yet. It's another potential small source of income for me.
On the referral front, I have been gaining a few people in my WowApp network lately. It's still only cents per day, but it may increase. It's a very capable messaging app with the ability to call phones. You earn by seeing ads, but can make more by playing games and using their links to go to on-line shopping sites. I do use the app, so if you join up we can talk there.
