STEEM Price Drop: What Does it Mean for New Users?

If you have been following my posts, then you know that when Steem's price started climbing I wrote a post titled:

• STEEM Price is Rising: What does it Mean for New Users?

Well, today the post is the reverse, and we're going to approach what does the current state of the market means to new users, how you should take advantage of it and how to play the market.
We'll also go over how the market will behave in the future, and approach the difference between now and the last time in which the price was at $5, before the initial climb.

^{from: Pixabay}

What Are Your Options? Taking Advantage of the Current Steem Price:

Let me be clear:
I think the price drop is a natural correction and nothing more. Make no mistake, STEEM prices are going to rise, and this is just a normal market fluctuation.
So, here are my pointers on what you should do right now:

• [ ] Keep Investing Into Steem Power
• [ ] If you have FIAT, Buy Steem
• [ ] Don't cash out, HODL
• [ ] Keep Your SBD if you don't want to Buy Steem
• [ ] Don't Power Down

Now, explaining each piece of advice at a time.
You should use this time to invest into Steem Power - you should always invest into Steem Power unless you're thinking about cashing out. Cashing out relates to the third tip, you want to cash out when the STEEM price is high, not when it's low, so don't cash out.
On the other hand, if you have FIAT (regular money) available, this is the time to buy STEEM. Grab a bunch of it, as it will rise in the close future.
Finally, if you don't want to buy STEEM, don't cash out your SBDs to other currencies, as SBD prices are accompanying STEEM on the fall.
Finally, don't power down, keep your Steem Power intact because the STEEM price will rise and your voting power will be increased in the short-term.

^{from: Pixabay}

What's The Difference? Thinking About a Week Ago:

If you are a newbie older than a week old, you still remember a time when the STEEM price was at $5 like it is today - I certainly do.
On the other hand, SBD was higher that time around. So, what's the difference?
The difference lies on how fast you could power up.
A week ago, you could get 2 STEEM units per SBD earned. Now you can only get 1.2 STEEm units per SBD earned (value fluctuates, but at the time of this writing it was like this).
This means you'll have a harder time powering up, but I don't think you should wait, you should power up constantly and as soon as you can, because STEEM is an asset that will go up, and SBD isn't so easy to climb as the other token.
People buy steem and they use it to power up. SBDs are units people sell to buy steem, and the platform gives users incentive to keep STEEM and Steem Power, not SBDs.
Bear this in mind when planning on the future.

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