As a new user this confuses me... everyone can cash out on their steem dollars, which they do, which should drive its price down; and isn't Steem the currency investors would buy? driving the price of Steem up. Steem should hold more value, relatively to steem dollars in that case. Yet the opposite is happening. What am I missing?
RE: Why you should NOT convert your SBD to STEEM. (You really shouldn't, you are losing money)