Why STEEM DOLLARS to Steem convert Rate is Low.?
Till Last Month I was Using blocktrades to convert my SBD to Steem Power and everything was fine until 5 days ago, here's a screenshot of my last trade.
then i got a message account name psa and he inform me : This is a Public Service Announcement from @PSA that your recent conversion of SBD to liquid STEEM costed you STEEM because the SBD to STEEM conversion process assumes a SBD price of $1.00. When the SBD price is above $1.00, it is more efficient to trade your SBD on the internal market. Please see this post for more information: https://steemit.com/introduceyourself/@psa/psa-introduciton-you-are-losing-steem-by-doing-sbd-to-steem-conversion
then I started convert all of my Steem Dollars via steemit site.
and now when I started getting steem after 5 days its really strange that I am getting really really low rate. I am getting only 0.49 steem in return of 1 Steem Dollar. In this screenshot you can see I only get 4.899 Steem in return of 10 SBD.
BlockTrades offering 0.86 steem power in return of 1 SBD.
I Don't have any idea about that and may be its a new thing to learn but is there anybody can answer my question?
its really sad because i have about 100 SBD in process of trading and its a big loss for a new member like me. Please someone guinde me about this.
Yeah when you selected conversion of SBD into Steem they ask you first that rate may fluctuate. Did you selected yes? because then the SBD are being converted at fluctuated rates and you accepted that risk.
There is nothing to do now but for future you need to be careful mate!
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