I think what cryptos have shown numerous times, is that despite the impressive ups and downs, the best course of action has been to invest steadily with your time (and money if you're into that) into the ones that you personally think are worthwhile.
In the case of STEEM, on any given day, if you believe Steemit is worth reading or writing on, then STEEM is worth holding, regardless of current market price.
Agreed. But during extreme volatility the market is thinner and we must avoid the falling knifes when they come ... and they will come believe me!