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RE: Ask Me Anything Contest The Best Questions Win SBD - Dragging You Up With Me Week #7
Should I buy steems and convert them to Steempower or should I buy SBD and convert them?
Posted using Partiko Android
Personally I believe unless you wish to play the internal market I always buy Steem.
Think of it this way when Steem goes over a dollar the exchange rate for SBD will drop as SBD is meant to be pinned at a dollar USD. So the amount of SBD paid out will increase as the price of Steem rises but the trading value will diminish.
If your thinking about playing the market I would have a look at @agx for a reference of if it’s a good time to buy Steem or Sell in a internal market historical sense.
Currently the chart shows a good time to sell SBD now depending on how you are purchasing I would look at the exchange rate compared to which you are purchasing relative to what it would exchange for in the internal market and take the option which gets the most Steem to then power up.
Posted using Partiko iOS