As a new user this confuses me... everyone can cash out on their steem dollars, which they do, which should drive its price down; and isn't Steem the currency investors would buy? driving the price of Steem up. Steem should hold more value, relatively to steem dollars in that case. Yet the opposite is happening. What am I missing?
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Currently a lot of users are selling their steem. Not really investing, thiscis because of thw update where a lot of posts had massive spikes in payouts. So many are selling. Driving the price of steem down. If the price of steemcis going down it's a good time to use SBD to buy more steem
hmm I see, my premiss concerning Steem was incorrect. Thanks for the clarification