It's a gutsy move at this point @scaredycatguide, seemingly not much upside for a heavier risk with a smallish flip for an upside. I actually like exploring possibilities for altcoins at this point with BTC dominance where it is right now. Less downside in my opinion if you are paying close attention. Then again you can buy into that social network blockchain trading just barely above 3 satoshis right now. Do a historical look at steem and see what has happened when the price to BTC has approached anywhere near there. Yes very perplexing.
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Agreed yeah, if the risk-reward isn't minimum 2 to 1 I don't take a positions. No new entries for BTC for me currently.
As for steem, 5 sats was the all time low on my charts (bittrex) and I expected some kind of bounce there. 3 sats is fresh new territory from my info and things look ugly. Would love more info on what you are seeing.