You are viewing a single comment's thread from:

RE: NEVER EVER USE THE "CONVERT TO STEEM" BUTTON! ALWAYS ALWAYS GO ON THE INTERNAL MARKET

in #warning7 years ago

oh no, poor guy. Wouldn't it always be better to go with the internal market? I mean, if the SBD is below $1, it would be better to sit on it for a while than lock it in the three days wait, a lot can happen to the market in 3 days, right?!

Sort:  

you know initially sbd was pegged at $1 and those that earn usually convert to steem sometime later even users preferred reward to be 100% not now that sbd increased massively and no one expected this

Yeah, there was never a real reason to use the converter at all. I don't think SBD has ever stayed below $1 for an extended period of time. However, if the converter did not exist, then SBD could easily drop below $1 in value, so it has some uses :)