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RE: DAILY STEEM REPORT JUNE, 22TH ★ STEEM 1.96$ + 2654 New Accounts

in #steemit8 years ago (edited)

Isn't it the reason why steem keeps going down in value?
Since people sell their steem dollars at such a low value and don't hold the currency
I don't know much about economics you can correct me if I'm wrong

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Well first I guess you have to decide if you are talking about Steem or the Steem Dollar.... SBD should normally be worth always 1 U$..... If you talk about Steem, people should Power up and less Steem would be on the market, price will go up....

This is right SBD goes down to 1,00$ and Steem up if all selling SBD and buy Steem!