It's discouraging when your account value keeps falling and the pending payout of your existing posts continues to decrease as well. This is exactly what we've been seeing lately.
This fact is important because since the inception of the Steem network, we've seen a very strong positive correlation between the price of Steem and the number of blog posts on the network.
This strong correlation makes sense because if people are financially motivated to post on Steem, and that financial incentive decreases, then users will post less often. Despite the immediate financial incentives, I'm going to argue that you should be posting more often when the price of Steem is low.
I know many of you are like me in that you are very optimistic about Steem long term. If this is the case, I think it should be your goal to acquire as much Steem Power (SP) as possible.
Lower price means fewer people posting
Due to the correlation between price and users' posting habits, lower Steem prices results in you having to compete with fewer people for a share of the reward pool. That means you're probably going to be able to earn a larger share of the reward pool than before, but only if you continue to be consistent with your posting.
Sure, the dollar amount shown next to each post will be lower than before. However, the amount of Steem Power that you're earning on each post will most likely be higher.
Fewer people posting also means your content will be discovered more easily. Users want to use their voting power (VP) on something, and when they have fewer posts to choose from, they'll be more likely to choose your post to spend their VP on.
Yes, it will still be difficult to have your content discovered if you're new to the platform, but not as hard as before when the price was higher.
If you're a long-term holder, does the current Steem price really matter that much?
There are those of us counting on our Steem earnings to survive, so yes the current Steem price absolutely does matter to those users! On the contrary, if you have other income sources and don't need Steem earnings to get by, why should a price decrease effect your posting habits?
If you're a long-term holder, I think it's safe to assume that your goal is to acquire as much Steem Power as possible. A lower price gives you that opportunity!
A lower price isn't a free pass to earning Steem Power
Although it's going to be easier to earn SP when the Steem price is low, it is by no means a free pass. There will still be plenty of competition, high-quality content will still be required, and you'll need to remain consistent in your posting.
With that said, regularly posting when Steem is less valuable will not only help you earn more SP in the short term, it will put you to be in an excellent position when Steem goes back up. You'll have more SP, a much larger following, and more active followers who are consistently interacting with and voting on your posts.
If historical trends are any indication of what will happen this time around, with a much lower Steem price, we'll see far fewer blog posts on the Steem network. I'd recommend that you seize this opportunity and start posting more often than before. View this time of falling prices as an opportunity to build up your Steem Power.