The price of Steem is market determined. Just March of this year Steem was going for 16 cents. Right now Steem is hovering around 90 cents but it is certainly possible it could fall below 50 cents and back down to 25 cents or even lower. The question is what will happen to the Steemit community during this sort of recession in revenue? Posts which only get $2-5 now will be getting pennies if this happens. Posts which get $20-30 now will be getting $2-5.
What happens to the morale of the community if the price of Steem collapses? It is important to remember that Steem is just an experiment and we are all lucky to be able to be the beta testers.