Once again you post invalid information ...
As you (and your 47 loyal followers) can see in the chart above, except for an anomaly on May 17,2017 the SBD has maintained a consistent value of approximately $1 US
source:https://coinmarketcap.com/currencies/steem-dollars/#charts
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The swing in either direction is about 20% between ~$0.80 and ~$1.20
Is Bitcoin a scam? They lost nearly $800 in value in the last 7 days.
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No. Neither are a scam. Both are a tradeable asset on an open market with a value that exists because there are people who agree it has value.
It is no different than the value of a precious metal, commodity, gemstone, or anything else.
It is valueless if no one wants it, and valuable if someone is willing to pay for it.
There are THOUSANDS of people willing to buy STEEM and SBD, this gives it value.
Before crying SCAM, do some research on what determines the value of any asset.
Here's a good starting point;
https://steemit.com/cryptocurrency/@timeshiftarts/where-does-cryptocurrency-come-from
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I, for one, invest in several cryptos to diversify my holdings. This is the same reason I don't buy stock in just one company, or rely on just one FIAT currency to remain stable when investing internationally.
You've heard the expression don't put all your eggs in one basket? It means that you should leverage your investments against each other to come out ahead.
Cryptos are similar to FOREX for the day trader, by strategically buying selling and trading assets one can acquire many small gains per hour and profit overall.
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