I think you are right about a lot of things! A couple things I would add - bitcoin was at 3400 a few months ago - so it was also in the 80 - 90% decline category. Though it has since been showing a slight uptrend possibly indicating a start of a reversal in the market.

With Steem you are also very right! The only thing I would add though is that if we had a huge upswing in the market like in 2018, then the price of steem could go up along with it. Even though it is deflationary..most things seem to move when big upswings take place.

My tactic is to not put all of my eggs in one basket. I also write my articles on Publish0x. Readers can tip your article or you can earn from reading other articles. They pay in different ERC-20 tokens and are going to add different coins in future months.

https://www.publish0x.com/crypto-wellness/how-to-meditate-for-beginners-xdvyk?a=oBDbDJ5el2&tid=it

I believe it is the perfect time to slowly accumulate Steem and other coins. We are all so early it definitely isn’t a bad time to be a blogger!