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RE: Why I am converting SBD into Steem now
if you are doing it for profit then why not also just buy the SBD and keep it till it goes back to the 1 dollar mark partly because of the system described above
that would give you roughly 20% profit
Hi felander,
this is of course also an alternative - but it does not have to happen if the peg breaks. But even if the peg breaks, converting might still be profitable. And also, I like the idea of supporting the eco system by helping to keep the peg.