One thing most crypto owners realize is that huge price fluctuations are sort of normal in this specific market.
Litecoin can rise and fall between $20 to $30 per day, sometimes within the hour and nobody panics. Bitcoin can go down $700 in one day, and back up $900 the same day. There are even more extreme examples, but this is somewhat accepted as the norm.
Imagine if this was true of Disney or GE stock? People would lose their minds. So you really can't compare the two different investment vehicles.
Buying a $40 stock that's traded on the NYSE takes a bit of planning, because you are generally at a loss upon the purchase given the bid ask spread. In terms of crypto, you can have gains instantaneously because the wave is pretty simple to judge.
One of the MAIN reasons for these huge fluctuations is day traders. Investors are gaming the system. Pump and dump, nothing new.
So relax a bit, is my advice. Put half your money in traditional markets. Then risk the other half in crypto. I mean, everyone is young and stupid once. It is much better to gamble on this movement, then look back from 30 years in the future kicking yourself for missing the boat.
In terms of STEEM, it is a much better system than mining for coins. It will take you a million years to get a piece of bitcoin mining with a laptop. It is actually impossible today. You need to invest in mining hardware, which can set you back a few grand, join other miners, etc.
STEEM is something anyone can do. If you waste time on Facebook, you have to ask yourself why. Are you getting a piece of the pie, or is Zuckerberg getting the whole pie to himself for all the content you create. Twitter, Facebook, Youtube... they will follow the path Myspace took. People will eventually migrate to platforms where they are rewarded monetarily for their content and time dedicated. Of course, some will simply want a like or a retweet to feed their psyche. But most would switch in order to generate a stream of additional income.
My 2 cents