I Wish I Wasn't Right
I came to steemit in January and was verbally assaulted when I commented that steem value was just like a stock in that its value is based on confidence. If that confidence diminishes so would the value of steem. Today its value sits at $0.58. If all confidence departs it will go to $0.00. Only precious metals, gem stones, and real estate and a few other tangibles have real value. Real value is defined as an item's value will never be zero.
pixabay
My thoughts exactly. Like stocks and fiat money Steem only backed by confidence.