I personally am not too worried about the price. In my experience a new coin will go through a long and steady price decline before the market settles down somewhere and then starts going back up if the fundamentals are sound. That's why I never buy an ICO. I know I can get it at a better price once it's been on the market for a while.
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@wiser potentially but the success of this relies on people using it. thats the purpose of the product. Alot of other coins are slightly different in that respect. Valid not buying ICO - easily burned.
I think the fact that there's an actual product makes the fundamentals good. Sure, there will be people who try Steemit and give up, but I suspect that has more to do with spending too much time on the trending page. A lot of people are going to keep posting here and do well because it's not just about the money for them. Those are the ones you want to keep anyway.