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RE: Sampling SBD Conversion Returns
The lower the price is below $1, the more opportunity for profit. A conversion is essentially a bet that the final price of Steem (the price you sell at) after a week is higher than the mean price during that week period. But every cent below $1 you buy it for is 1% margin for error, bonus money on top of the 'bet' results.
The only reason not to bet are if the price is within the range of costs, or if the price of Steem as opposed to SBD is volatile enough that it's too risky for you. A low price of SBD only improves it.
Holy, you are right. I didn't give that much thought. Thank you
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.