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RE: The reason of steem losing its value
Gosh me driver, didn´t expect to meet you here, in the hollers of economic "theory" 😉
This article is wrong on so many levels, I couldn´t be bothered to point them all out, but by the grace of you and flauwy the author got some good explanations.
Let me just quote another legend, the great Kostolany:
"The whole stock market just depends on wether there are more idiots than stocks,
or more stocks than idiots."
My favorite explanation of how supply and demand drive price.
Thank you @likedeeler!