Thanks for finally asking something that we can discuss instead of just throwing insults at each other.
My honest opinion is this: I think that the price will slowly continue to slide down until some changes get made to the site (including the addition of advertising) and another recruitment push is made. After that, I expect the price of STEEM to go up.
I have no idea where the bottom will be, or if there even will be a bottom. It is definitely possible that the whole thing could crash and burn.
If it is actually as successful as what I believe it has the potential to become though, then it has the possibility to go a lot higher than what we saw in the July spike.
If you are wondering why I don't think it is a good idea to wait it out and buy in when it is lower, it is because there is possibly that the price could hit bottom and spike back up at any time. I'm not saying that it will, or even that it is likely to happen soon. But the reality is that it could happen any day and leave everyone that was waiting on the sidelines behind.
Compared to what I believe STEEM has the potential to reach, I do consider today's price a really good (although risky) buy. It might and likely will be an even better buy tomorrow, and an even better buy the day after that..
Whether I am right or wrong with my personal prediction/opinion is still up in the air, but it is what I honestly believe.
I continue to power up more and more SP as the price continues to go down to try and maximize the amount of SP I get before the price hopefully goes back up.
You are welcome to say that my opinion is completely incorrect, and I'm an idiot for believing what I do. I really would have no problem with that, and there's a chance that you'd be correct :)
What I wrote is what I truly believe and feel though. And I back that up by the fact I continue to invest. Whether I'm or wrong is one thing, but I am really not trying to say anything dishonest or misrepresent the reality in any way.