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RE: Why Is the price is falling? - Here is my opinion
I guess I'm too conservative in that I haven't been buying or selling. I should have been doing something like accumulating SBD, I guess, but I only started doing that recently. Beyond that, I've just been posting, commenting, and voting. I put my initial investment in and now I'm just letting that ride to see where it lands.
I do like how you simplified it though. What price would you buy at? What price would you sell at? Answer those questions for enough people and you have the price of STEEM.
Edit: I directly asked @dantheman and @ned about what's being called "dumping" in the latest exchange transfer report. I hope they answer.
What is the benefit of holding SBD over liquid Steem ?
If someone was to buy US$ 500 of Steemit, which is the best to buy ? liquid Steem or Steem dollars SBD ?
Do you recommend people keep like certain percentages between Stm, SP and SBD ?
Don't take my advice. The only approach I've found that somewhat works is... to keep trying different approaches. Figure out what works for you. That said, I'll try to answer your questions as factually as I can, but again, I'm probably wrong.
SBD: is meant to be a pegged asset to USD. If the price of STEEM is falling (as it has been) putting your value in an asset that is not falling in value makes obvious sense. It also gives 10% annual returns as interest.
What is your investment horizon? I can't answer for "someone" but I will answer for me. My financial investments went right into Steem Power. That's vested STEEM which can't be withdrawn without powering down which gives 104 distributions over two years. The reason Steem Power is valuable is complicated, but it has to do with the curation rewards you can achieve by them, the "influence" you can have on the social conversation by voting up posts and comments you value, and the protection against share dilution you get which relates to the conversion of VESTS to STEEM. It's unfortunately quite complicated, but then again so is your car and you still use it all the time. I've read the white paper twice and I've played around with code directly analyzing the blockchain to figure this stuff out. I've also asked a lot of questions and made a fair number of mistakes both here and in the steem.chat. Ultimately, you have to figure out what works for you and being willing to make some mistakes and learn from them.
Good luck.