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RE: The Value of stable SBDs to me
If SBD remains stable at $1.00 per SBD, how can you make money by exchanging Steem for SBD? You will always have the same $ value, right? And if Steem's price goes up you would actually lose Steem, as you would be able to exchange it for less Steem per SBD. Or am I not thinking this through?
I am not buying sbd to make money. I am storing the value of my steem to not be exposed to the downside risk of steem.
The price of SBD can go much higher than 1 USD again if/and when STEEM picks up again. Not only are you protected from the downside but you also have a chance of making money.
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Yeah you are right. He is betting steem will go down. If it goes down he will buy more steem with the SBDs.