Indeed, I have plans also to power up, but I'm still waiting for the price to drop. I feel pretty confident that this blockchain isn't going do disappear, assuming that fear doesn't overtake the core constituency, but I do believe that Steem is still over valued.
Looking back at the historical values, I don't see significant changes in the "intrinsic value" between when Steem was worth $0.10 USD and today, therefore my best estimate is that is will bottom out as a value between $0.20 and $0.10, probably closer to $0.10. I don't have a great deal of free funds currently, therefore I can't afford to buy in at current prices and wait for it to climb.
Will Steemit Inc. survive another 50% drop? I don't know. I do believe that Steem and the community will and likely rebound to a more reasonable value.