If you joined in June or the beginning of July, STEEM was over $2 a coin, but will we ever see that again? Right now STEEM is hovering around $.88 cents. STEEM has lost over 60% in about two weeks. It has been a quick and steep decline, but will it go back up?
The answer is yes, but it may take a while. It won't be August.
After Steemit launched in March of 2016, the value skyrocketed in July and even saw STEEM valued over $4. A ton of new people joined, and everyone thought they were going to get rich... then it fell again.
The price went from $4 in July to $.13 cents in November. It was brutal. I don't think we will drop back down to $.13 but ending up around $.50 cents is pretty realistic.
A lot of people became inactive at that time, but the ones that continued to post and accumulate fans and STEEM are the ones that made out like bandits when the price jumped back up like it did in May of this year.
It will happen again. I am sure of it. The price will come back, and spike and settle in at a higher number than $.50 cents. Over a long enough timeline, we could see spikes around the $7 range and the average around $2.50. The thing is, it takes time.
The people that joined last July had to wait until May to really see a spike in their account. All the people that joined in May and June this year, will have to wait a while too. We may have to wait a couple of months, a year or longer... but it will go back up.
The best thing to do is not to panic and get frustrated and bail on Steemit. That is the worst idea. It is time to double down. The people that stay during the lower value months will build great relationships with other people that believe in Steemit.
The numbers of posts and Content will go down, giving yours a better chance to be seen. Now is the time to grow your account and meet new Steemonians. If you do that now, when the price does go up, you will be in a wonderful position to capitalize.
The other thing is... with the value being low, it is much less of a temptation to pull money out. You can reinvest in SP and grow your voting power. Do that now, and you will be amazed at how powerful you will be when a lot of new people show up during the next spike.
I hope this helps. STEEM will go up, but it make take some time. During that time if you focus on being a great Steemonian, you will reap the rewards when the value goes back up.
Good luck!
To my followers, you are the stamp to my letter.