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RE: Steem Backed Dollars are Below $1 Again - It Now Makes Sense to Do 100% Power Up Posts and SBD to STEEM Conversions

in #steem • 7 years ago

NO NO NO! When you convert you only get $1 worth of Steem and if that SBD is selling for you $1.5 you just gave away $0.5. It's better to sell it and then buy STEEM on the open market.

When SBD is over $1 don't do 100% Power Up posts and don't use the internal conversion feature. Unless you just want burn cash.

7 years ago in #steem by
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     7 years ago  

    So right now is actually a good time because SBD is currently 0.95$ worth and I would get 1$ worth of Steem?

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