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RE: SBD Conversion
Conversion takes 3.5 days. You don't know the exchange rate at the beginning of the conversion process. If your process would always work, you had invented the perpetuum mobile.
But if you had very much money, you could corner the SBD because of its limited production as follows: Buy a huge amount of SBD, put 20% aside and continue converting the rest in repetition. Thus you will diminish the amount of existing SBD.
Of course.
But as said, this is not the only factor. The conversion rate does not always follow the actual STEEM/SBD median price.