Where's the demand for STEEM/SBD? That is, why are prices falling?

in #steem • 6 years ago

By doing just about anything on Steemit, we create STEEM/SBD. Thus, their supply is constantly rising at an unpredictable rate. Supply combined with demand determines the price of any good or service. What can one do with STEEM/SBD besides create more? What goods and services can they buy? I have not seen any reason to buy STEEM/SBD, so it's really a bubble. If demand is zero, the optimal price is zero. Positive prices have to fall to reach zero. Thus, the fall in STEEM/SBD prices.

#sbd #cryptocurrency #beyondbitcoin #economics
6 years ago in #steem by
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     6 years ago 

    @rufusfirefly you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!

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     6 years ago 

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       6 years ago 

      I bet you can't wait to see what happens when the United States Crypto-Dollars and Cents are Activated... I have some Posts on the Topic...

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