I Wish I Wasn't Right

in #steem6 years ago

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.

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My thoughts exactly. Like stocks and fiat money Steem only backed by confidence.

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