I no longer have the habit of going to check the coinmarket every now and then like I used to do. It only increases ones anxiety, in my opinion, and there is no need for that . Anyway, I checked  not quite 30 minutes ago and discovered that the market is red again. The reason I checked is because I would like to change my SBD to fiat for the very first time since I joined steemit 3 months ago. I would write another post about that. I am not bothered this time around, though, like I was in this post sometime ago.  There is an interesting thing that I discovered which I would like to share. Despite the fact the coin market is almost all in red, steem backed dollars (SBD) is a winner. Let's look at the screenshots from  coinmarketcap.com  and do a little bit of analysis

A little Bit of Analysis

Generally, I love doing analysis. So l'll do a little bit here. Where STEEM is selling for $1.61, Steem Backed Dollars (SBD) is selling for $2.15. Don't you think this is the best time to sell your SBDs now for steem? I would like to hear your thoughts on this.  Here are two (2) things you could do, if you have some SBDs. 

1.  Sell your Steem Backed Dollars for Steem and Power Up

In my opinion, I think this is the best time to sell your SBDs for steem, if you have some, and then power up. 

2.  Leave your Steem Backed Dollars in your Account and Earn 5.9% Interest On It. 

That Steemians  can earn interest by staking SBD in one's account is something that I didn't know about until very recently. Infact, because I couldn't explain what ''interest'' meant in the reward pool distribution, I said in my previous vlog that we should not focus on that. Another thing you could consider would be just to leave it in your SBD account as this action earn you a profit of 5.9 % interest in 30 days as observed from the 30 day distribution of the reward pool in steemdb.com

(Please, correct me if I'm wrong).

This brings me to the question. Which of the banks would be willing to pay it's customers interest of 5.9% a year, let alone pay same interest in a month? This is one among many reasons why we should focus on what we do here in steemit and always look for ways to build the steemit community. From my observation and the little analysis that I've done, we can see that Steem backed Dollars (SBD) is indeed a winner in the current red coin market. 

Your friend,

Mary Onah. 

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