If SBD was closer to a dollar, this would make sense. It is a peg. But SBD is 10x that amount. That means if the entire market were to collapse, SBD should lose 90% of its value if all demand dries up. While this a better hedge than holding cryptocurrency, I wouldn't recommend it right now. Then again, it could pump big time if USDT had issues and the market didn't collapse with it.
USDT FUD = Good for SBD
Market Collapse = Bad for SBD (unless SBD is near $1)
That being said, holding earned SBD earned through posting is a great idea. Buying $10 SBD off the market not so much.
Investing in SBD for security reasons is the worst thing you could do right now. If it's not pegged to a dollar then theres no reason in holding it and having it as secure alternative.
Thus, your recommendations????...Use SD to buy Steem?
Peace.
Exactly. But if it were a viable alternative to Tether, one would use it that way. The way I see it there is not really a viable peg currency out there (unless you trust Bitfinex's tether). The only reason to hold it would be as a speculative tool.