I’m pretty new at steem, but have been in bitcoin and alts before most of the alts were created, so the lower price is a great buying opportunity for me, trading when btc is higher to get the max advantage. I know that’s not everyone’s situation, but I have been there before, too. As you say, volatility can be your friend!

There is one use case where the price doesn’t matter, when you are using the coin as a way to transfer value. Since it transfers so fast, the person receiving the payment can convert it to whatever currency at essentially the same price. Not a typical steem use case, but it could be ;)