You are viewing a single comment's thread from:
RE: Sampling SBD Conversion Returns
I'm still lost. I have no other wallet. So far, I have always simply used the 7-day convert function for every SBD-pennycent to solidify it as SP.
Am I doing it wrong?
Your other option is to use the internal market or external exchanges. But no, you're not doing anything wrong. You're probably getting more value from your SBD than you otherwise would.
The normal thing to do is click "buy or sell" instead of "convert to Steem". Buy or Sell gives you the market price. Convert is a kind of complicated gamble, but one which is better to do when the price is below $1.
The more people who take the "Convert" option the more the price goes back to $1 and the less profit there is to be made with that option afterwards.