It is tough to see the price of steem go down as low as it is right now. It feels like we have lost a lot of money when we look at our wallet page. When I look at my wallet page, I don't see the fiat amount anymore. That is not what I am working towards.
When I open my wallet page, I am looking at how much Steem is in there. I feel very bullish on Steem and feel like in a years time, It should be a top 15 cryptocurrency with $ values in the double digits (somewhere between $10 and $99) / steem. That said, when I make 1 Steem. I feel like I am making $15, $45, $99. I don't know where it will end up, but I do know that it won't go much lower than this... and, don't sell your steem at this price.
That leads me to my point. People get discouraged and quit when they think that they are only making 95 cents. They are not thinking 4th dimensionally. Think about the people mining ethereum 2 years ago. It became not profitable. They were mining 0.5 or so a day, but the mining profits were not much. The power bill was as big as the fiat value of the coins mined. But ethereum was $4 at the time. The people that mined it and held it... you know the rest of the story. Ethereum went up to around $1400.
Some people shut off their GPU's and gave up because the current fiat price of the coin didn't look worth it. That made ethereum even easier to mine! That is what is happening on Steem right now. There are many people who are discouraged and quitting their blogs because there is not enough money to be made. If you think steem is going to be worth a lot more in 3 years, don't stop now... Now is the opportunity to make even more steem. Ignore the fiat amount. Stack your steem and wait for the price to climb.
This is not investment advice. I don't know what will happen. This is motivation for people who think like me, that steem is going to be a top cryptocurrency is a few years.
Thanks!