Or hell, maybe the market will correct itself

Most certainly it will, as free as it is. Investors will notice they are paying for the cash-out escapades of one-hit-wonder introduceyourself posts and the kissing of cetacea posteriors, liquify their shares, the price drops, which leaves Steemit with those who are here for censorship-free and decentralized community building instead of some quick and easy cash.

I'd be interested in Steemit no less if max payouts were around 50$ and the price per Steem be ~ .1$. (1.5 would still be a bubble, IMO). So my advise, so far: lean back, enjoy the show, let the excitement subside, Steemit mature, Steem find an equilibrium and position yourself well for what will inevitably come: the next wave of Steemit excitement, when the 1,000,000th and 10,000,000th users open their accounts simply to get away from reddit and Facebook. They will try to orient themselves, browse the tags. Let them find your content and tell them how to follow you.

So far, all goes according to plan.