Right on, congrats!
I agree that STEEM is cheap. I've agreed for months. Just about 2 years, in fact! The price has been falling constantly for that entire 2 years. I went all in and have lost 99% (and still losing). Everybody said "right on, congrats!" when I bought in. They said the price was going to turn around any day, and go above $10 USD and never look back until at least $100. That was the prevailing wisdom (in fact, it was almost impossible to find anyone who believed otherwise). Steem may be messed up, but the blockchain is permanent and undeleteable, they said.
But yeah, maybe this collapse is temporary? Maybe this isn't the end of the cohesiveness of the project, but a massive buying opportunity? I guess that's what you're hoping. And yeah, that's what I was hoping 2 years ago, too.
(We joined on the same day, by the way. Happy Steemiversary.)
My personal financial situation right now is I'm on limited and fixed income, just paying the bills, and about to have a baby. My nestegg has deflated to almost nothing (I have $500 left in Steem and falling weekly.) I have a handful of silver coins, would love more weight, but don't have anything to buy it with. Also, I've been ejected from the banking system, so I have no bank accounts, credit cards, or PayPal. I have very little way to buy more Steem at this point, and nothing to buy it with anyway.
In other words, I'm just desperately hoping, like you, that this is a massive buying opportunity, and not a death spiral.
If it's a buying op, one thing that comes to mind is a takeover. Maybe insiders are crashing the price by dumping their huge ninja-"mined" stake, so that a hostile company can buy up the entire site/blockchain/currency in one swoop. Maybe a tech company or somebody with money is going to become the new owner, and they're having the price crashed so they can buy everything on the cheap? I've seen shit like that in the corporate world, it happens, maybe it's happening again. That's messy, but hey, at least we'd be destined for riches if it's true.
And since I can't buy, all I can do is earn. And earn I am. As you've seen in my weekly updates, I've never been growing as fast as I am right now. I'm half a dolphin and adding bulk quickly at these dismal prices.
Fully aware it can lose another 99%, and another, and another...