You heard right. As per Coin Market Cap Steem´s value is $2.29 US at the moment of writing this post. This is it´s lowest price since we started 2018.
You are probably wondering why Steemit.com is unusually quiet, you click F5 to refresh your feed but you can´t seem to find anything new; you are probably seeing top content creators posting less times a a week or maybe those who used to post a whole article are just posting just a picture and 5 lines - these guys usually have autovoters, yeah -; those minnows who started with a lot of energy back in January are posting less and less as the price continues to drop.
This is normal. People are mentally and psichologically defeated due to the general drop in crypto prices these past days. Steem and SBD have taken a big hit and we´ve seen that on every post we published last week...
Our posts payouts are dropping like flies after and it is normal that our morale is on ground level.
Well Bu-Freaking-Hu... stop complaining and cut the whining, this is not the time to be negative and I´ll tell you why:
In this times of price drop...
First of all: Don´t panic, dont sell your Steem.
Other Steemians are posting less times a week. This allows us to keep posting at the same frequency we´ve been doing it. This will increase out visibility both in other people´s feed as in general tags.
Other Steemians are dropping their post quality. This is the time for us to rise our post´s quality. This is our time to shine and to gain more followers, while other people slack.
Every post payout we get will receive more Steem. Back when I started in May 2017, Steem was at $1 and that 50% of post payouts translated directly into Steem, but now the Steem price is higher so we don´t get as much Steem per post. Now is the time to stack steem, keep posting, every time you get a payout, you will get more Steem than when the price was higher.
People´s vote is worth less than one month ago, so everyone - who cares about the platform - is focusing in rewarding only the best content... So rise your post quality.
If you have Fiat - that is, physical money - consider buying Steem. This is our last chance to buy Steem at this price and I highly doubt we will see it this low again.
I am not a crypto analyst and this is not profesional advice, this is coming from someone who trusts Steem and Steemit, I am not a crypto expert but I am Steem believer. I am going to follow this advice as much as I can and you know what? You should too, trust me on this one.