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Steem has dropped even further to 85 cents, which is the lowest I've seen it at. I've only been around here for about a month and a half and it was almost at 2 dollars when I started.
I saw a video from Craig Grant stating that the price might drop to 20 cents if the trend continues. He's not worried about this and neither am I. What this means is that you can buy in at a low price, and the price will eventually go back up.
This is perfect for me because I am just powering up right now anyway. This will be perfect because I'll have more Steem power by when the price picks up. Also the whole market is still pretty bad right now so I have a feeling everything will go back up very soon.