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RE: Don't Panic: STEEM is Correcting, Not Collapsing! | A Scientific Analysis to Ease Your Nerves
For me, I only invest in STEEM since its value is derived from simple supply-demand dynamics. As far as steem dollars, it seems that their value is derived from a combination of market value and STEEM value. I just don't like to get involved in overly complicated valuation structures.
Keep in mind I earn steem dollars, but of course, that's different than a capital investment towards steem dollars.