CHANGE YOUR SBD TO STEEM NOW!
Hello steemians,
I have not posted for some days now due to the issues faced with network providers here in my country.
I believe many of us are aware of the current hike in the price of our beloved SBD (steem dollar) . To the best of my knowledge,sbd is pegged to 1usd which means it is not suppose to go pass 1 dollar talk less of hitting over $7 .
In the light of this trend I will like to make a suggest which will be beneficial to anybody holding sbd.
Suggestion
Since steemit is family , I believe it is our duty to bring to each others notice anything that is useful and helpfull. With the current trend of SBD anybody holding it should exchange it to steem . Doing so will give you a better deal as you can get at least four steem from one SBD.
Calculation
Since currently from the image above, one SBD is equal 7.32usd and the value of one STEEM is 1.75usd we can quickly calculate the amount of STEEM we will get in the conversion of both currencies.
From the image above, we will be getting over 4 STEEMS in the conversion of SBD to STEEM which is more profiting in the long run to me because STEEM is designed to go higher than the price of SBD.
Procedures
From your steemit account ,navigate to your Sbd account and click on it.
After clicking on it, a drop down will show.
Now click on MARKET .
After clicking on it, you will be redirected to a new page which is the internal steem/sbd or sbd/steem market.
Now you can fill the amount of SBD you are willing to exchange for steem.
After filling it,click on BUY STEEM and you will be taken to where to confirm or cancel the order.
Your order will be filled in seconds if the price you filled meets the bid order.
Simple as that.
All images by me.
I think at least if you are at the beginning of the road, it is important to put it into Steem Power (SP) and nothing else.
Buying now SBD at this value it will be the worse move if SBD value is going back to $1.2 next day.
So, to change now when the price is high is not recommended, especially because it is the first day.
Anyway, if somebody have the feeling that it will rise to more than $10 is ok. But it is a big risk and you could lose more now than to gain.
You got the idea of what i said -> buy low / sell high.
In other way, good tutorial for the procedure.
Cheers
@smiles563 , I've found your post to be worthy of a resteem and upvote from me. I'm an actual person and I am doing this on behalf of the Resteem - Upvote movement. Join the movement, read about it here: https://steemit.com/movement/@jackmiller/the-resteem-and-upvote-movement
That was very useful for me, I will follow the procedure.
I am glad to be of help.
You got a free upvote just for speaking your mind, courtesy of me! No need to write a novel, speak your mind! Give me a follow for more giveaways!
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