You are viewing a single comment's thread from:

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

Wouldn't I get more Steem if I convert SBD to Steem while SBD is e.g 1.5$ worth? I don't understand why you should now convert SBD to Steem xD
What am I missing?

7 years ago in #steem by
$0.00
    1 vote
    Reply 2
    Sort:  
  • Trending
    • [-]
     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  

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

    $0.00
      Reply