Since the STEEM price has dropped a lot, I've been considering trading some of my SBD for STEEM to power up. I wonder whether I should wait a bit more or not, whether the price will drop some more or not... a $0.1 change in price makes a big difference to those who don't have much.
If you use the bid bots, or voting services that take SBDs you may actually be wise to convert your steem to SBDs. A while back, especially when I first started in December of last year, SBDs were very highly coveted because it was a boom time, the price of steem/sbds were skyrocketing, and everyone wanted sbds because there were bots everywhere and there was easy money to be had. Now the bots are few, and they are very competitive and not nearly as buyer friendly, that in no coincidence has driven the SBD value down, for crying out loud they are giving out steem again in place of some of your SBD payout to slow the inflation of SBDs. When this all straightens out, it's my opinion that the sbd will be equal to much greater than steem, and then you will have even more options to make any conversions at a much better rate than a 30% deficit from SBD to steem. That is my opinion of course, you should always do what you feel is best for you in your situation at the time.
Oh, I didn't know the bots had influenced the SBD price like that. When I arrived on Steemit a few months ago, STEEM was a bit lower than SBD (I remember I had bought STEEM at $0.99 SBD from the market to pay my Qurator membership subscription). After that, I haven't seen STEEM prices below SBD prices anymore. I read somewhere that the witnesses may be using their price feed to pull SBD down and closer to its intended value of $1 USD. If SBD were to stay at $1 as intended and STEEM were to skyrocket, it'd be way harder for us to get SP. I wish your opinion would turn out to be right and SBD would rise above STEEM again... or at least that STEEM and SBD prices would remain close to each other. Well, I guess I'll wait some more and see what happens.