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RE: Why I am converting SBD into Steem now
Great post!!!
I think another central question is if conversion is "more profitable" than buying STEEM from SBD on the internal market. To my understanding, this is not really easy to answer. STEEM was falling faster than SBD in the last couple of days, giving a better STEEM-per-SBD price in the internal market than the current 3.5 day median. But since conversion will use the median in 3.5 days, it's hard to tell which method gives better returns. The internal market doesn't reduce the SBD supply, so conversion may have longer-term benefits...
Thank you for your feedback. It could of course be better to trade SBD into Steem on the internal market - but only if the Steem price rises. You will then buy your Steem with today's low price instead of the 3.5day average - which is most likely lower than the average in case we see a sharp increase.