It's a sensible decision but the timing is not right due to price dynamics at the moment. Someone else asked the same so here's what I said.
No no for me at the moment. The best time to buy Steem was when 1 SBD was buying almost 1 Steem some days ago. I misses it by $0.03 and my order is still pending. Right now, for every Steem you need to pay 1.58 SBD which is quite a high price. I would buy when my SBD can buy MORE Steem. I hope you understand.
On exchanges too, there's difference of 0.00020 BTC in price of Steem and SBD right now (1 Steem = 1.66 SBD) so it's a no no for me.
Steem is taking a hit right now due to blood on the market. If both level, I'll sell SBD to buy Steem.
It's a sensible decision but the timing is not right due to price dynamics at the moment. Someone else asked the same so here's what I said.
No no for me at the moment. The best time to buy Steem was when 1 SBD was buying almost 1 Steem some days ago. I misses it by $0.03 and my order is still pending. Right now, for every Steem you need to pay 1.58 SBD which is quite a high price. I would buy when my SBD can buy MORE Steem. I hope you understand.
On exchanges too, there's difference of 0.00020 BTC in price of Steem and SBD right now (1 Steem = 1.66 SBD) so it's a no no for me.
Steem is taking a hit right now due to blood on the market. If both level, I'll sell SBD to buy Steem.
This sounds perfect, thanks.
You're welcome.