This drop was unexpected for me to be honest, I pulled the trigger at 30 cents, planning to add some more below 20 cents (wish I had waited a little more though).
I'm all about the long term, every SP I can add today could become extremely valuable in the coming years, STEEM won't be that easy to "mine" through blogging in the future with all these Dapps coming, @exyle is right.
I bought a little at 30 cents too, but it won't matter at 31 cents and up :)
Been saying it for years, it is going to get harder to earn Steem - but it will get easier to earn other tokens. In time, I think Steem will be an investment coin for the most part that enables the Dapps to interact. It is a win/win because it supplies a stable and decentralized base for individual app experiences to build upon.
It will be interesting to see the effect on the STEEM side of authors earnings with institutional money investing into specific projects/games/Dapps built on top of Steem, the reward pool is fixed and inflation is shrinking :D
Yes, I am really looking forward to it. There is potential for an smt to have more value than steem and still be on steem. Hopefully there will be many successful business models here.