The same thing could be said about BTC, LTC or any other cryptocurrency. In fact the same logic can be applied to the US dollar or any commodity or service. If no one buys any product or service the price goes to zero.
It's the same as anything else. If nobody wanted it, it wouldn't be worth anything. But it is worth something... Because people want it. And for good reason.
So if new Steem Buyers did not come in, as you saying it would fall to zero or less than 5 cents???
The same thing could be said about BTC, LTC or any other cryptocurrency. In fact the same logic can be applied to the US dollar or any commodity or service. If no one buys any product or service the price goes to zero.
It's the same as anything else. If nobody wanted it, it wouldn't be worth anything. But it is worth something... Because people want it. And for good reason.