If the price drops, that makes Steem more accessible for others and hopefully, if the distribution is broader and into stronger hands, this is a perhaps a positive thing. It is possible, assuming people believe in the utility of Steem and its products, that once the market rebalances, Steem could be in a much stronger position and the price may reflect that in the end. It may be more resilient to competition, though EOS is certainly not direct competition. EOS may have helped Steem to become more robust in a shorter time than it would otherwise. Price isn't everything, it depends on how far you are prepared to look.

If the price drops in the end it will be better. Yeah make sense, but if the price goes up in the end, that's great though, right, not so much for more accessible for others though. If eos is undermining the value of steem by funneling steem investors onto the new idea that the ex developer of the previous idea is promoting through the old idea, then it's kinda hard to argue that yeah the price is going down, and yes, there is always a bright side.