And it is clearly wrong. There is SOME demand. I can point to people who have bought large amounts of SBD, even at $1 or higher (or course this is true because every trade has a buyer, and it has traded a lot at $1 or higher).

When? 2017-18? when the hype about blockchains was at its peak and everyone was buying any cripto that increased price? When haejin was "predicting" that SBD would reach $100 USD?

That is not real demand my friend. It is speculative demand.

Real demand is when people look for an asset because they will have some actual use for it.

Speculative demand is fake demand. People are buying something just because for some reason or another, they believe they will be able to sell it for a higher price.

The price isn't zero yet because there is still speculative demand, mostly related to STEEM, that have some use (power over the Steem Blockchain).

Tell me one thing you can do with SBD besides buy and hope that the price will go up so you can sell with a profit.... Just one...