The problem of Steem: What is the point in investing in Steem other than "make money"? Sure you could say that it is valueable to influence what is hot and trending, but do you think the stuff we do here is worth $250 Mio?
The question is also who is buying all this SBD that gets thrown on the market by us.
Interesting question but, it seems to be less volatile than other coins so I think some people head into it as markets retreat.
yeah I thought people might buy SBD if they predict BTC to fall, however I never heard anybody - not even Steemians - say that they used SBD in that way.
Where I first heard was a post a long time ago by @lukestokes
he is one of "them", though. My point is that only Steemians who are decently successful on Steem on a regular basis have a (major) interest to keep Steem at a high evaluation and therefor buy all the SBD that is generated by Steem.
From a financial or personal standpoint it makes no sense to buy SBD or Steem unless you are willing to bend the rules.
These are all conspiracies, I have no proof, just a certain feeling.