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RE: LOL.. I’m not even going to pretend that I understand this Steem Dollar pump!?!

in #trading8 years ago

What keeps the value of Steem Dollars equal to 1 dollar? It's just Steem saying they're worth 1 dollar. If someone is out there and wants to buy them, the price can go up. Conversely, if a bunch of people with Steem dollars want to sell them, I can guarantee you they'll be worth far less than a dollar each.