Hi steemitians,
Here is my thought on how the crypto prices are calculated.
For most of the crypto currencies, the supply - demand, decides the value of that currency.
Same concept applicable to steem too.
But here there is a change. Because unlike other currencies, steem has it own value because of the platform.
If we ll look at the steemit website it has a great value of 17225000 dollar and it has a domain score of 82 (which is very good).
So even if the price of bitcoin will drop drastically, steem coin will have a good value with time.
Think how you tube skyrocketed in a span of 10 years.
Similarly in next some year the steemit community will grow and the early birds will have the advantages.
As far as price is a concern, we are at the same stage as we were in the beginning.
This may be because of fall of bitcoin price and am not concern about that.
But the concern is fall in the total market cap.
Hopefully once the community will grow to its peak, we will see a stable growth in steem coin value.
Am very optimistic on the steem coin and today bought some more coin too for the purpose of holding it for long.
So it would be my advise to all minnows to buy as much as steem you can.
At the same time be optimistic and consistently engage here in steemit to get the maximum benefit on long term.
Remember that steem coin is backed by a stronger community and this platform, which it self is worth million dollar. So in long term both steem and steemitians are going to be in huge profit.
Thanking you 
