SBD is now trading at HTX.com and now we have an exchange where we can trade it to and from

cryptopie (81)Memberin WORLD OF XPILAR • last month

Refer to the tweet at X.com: https://twitter.com/HTX_Global/status/1787800670747476002

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It is a very good news that HTX can now be sued to trade SBD which will give more freedom to trade SBD to other assets or trade it for a better price.

I couldn't be more happy about STEEM Backed Dollar "SBD" being on HTX (not FTX) right now and it started trading at 10:00 a.m. UTC. This is so good because SBBD holders can trade it in additional market for USDT and if you have USDT you can always buy other cryptos with it like Bitcoin and other sensible altcoins that you wanted. It has been long since I myself traded SBD to outside exchanges like now the discontinued Bittrex which at those times is the only exchange that I know that had listed it before. Its market is very robust as US customers can trade it in Bittrex back then where there are still many Steem users from the US is trading it for BTC. Now what happened is that when Bittrex couldn't cope anymore to the pressure of US regulators because they find the legal defense to be heavy and will bankrupt them anyway, they first halted US customers from using it to cause the SBD market to get affected in Bittrex particularly after the STEEM fork event which happen in 2020 and after the global users are told that they should withdraw all assets because Bittrex is will be closing, it ceased all operations so the opportunity to trade SBD outside vanished. That is why only one or two Korean exchanges had been the only ones which can only offer it for trading but to south Koreans only for the reason of their law and regulations. But now we have an additional exchange like FTX at https://www.htx.com/trade/sbd_usdt/ where you (not all countries can use HTX global) can make use of SBD and trade it as you will over there for your purposes and interests.

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The demise of Bittrex due to the heavy regulation law in the US affected many users about the benefits of trading SBD after its closure.

SBD for me is a very good "Unstable coin" because as a STEEM user myself, I earn more for the reason that SBD had lost its peg to the USD which is supposed to be one single dollar per SBD and at the time of this writing it's value is around $3.41 per SBD. With this value the earnings from the blockchain social media platform Steemit.com where content creators are boosted if they would opt-in to take fifty percent as Steem power and fifty percent liquid Steem/ SBD as rewards. The printing of SBD is dependent on the value of STEEM token in which SBD printing percentage will vary according to the STEEM token price which would start at around 28 cents per STEEM coin, beyond that price will make the SBD printing percentage to go higher and if it reaches to 100% SBD print, then a content creator can get to have their rewards as 50% Steem power (SP) and 50% SBD and zero liquid STEEM where if your post rewards is valued at $10, the you can get $5 worth of STEEM token as Steem power and $5 SBD with is actually $17 US dollars if the value of SBD is $3.41 dollars. So if the value of SBD is more than $3.41, then you can earn more and that is what makes it fantastic about content creation in the OG of blockchain social media Steemit.com because users can take advantage of the "SBD price phenomenon" to build their accounts over there faster (depending on the user and their circumstances and factors surrounding their accounts) and this makes it great for the reason of a boosted earning regardless the SBD is cheap because it will always offer a higher amount of dollars per SBD.

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The return of investment goes faster if SBD is printing particularly if a bull market would extend which could happen because of the added demand for BTC by the ETFs.

We can also speculate on the price of SBD in the "internal market" of Steem platform by just selling our SBD at a better price. It happens during the bear markets where the price of STEEM token is much cheaper, then you can buy so much STEEM with your SBD holdings. However during the Bull markets, you can only buy a lot of STEEM token if SBD's price would pump at higher levels particularly if it reaches more than ten dollars. These price pumps coincides with the Alt season where the price of almost all Altcoins would reach their all-time high prices and SBD is no different especially if the STEEM token prices would also pump as users and other whales starts to buy with the profits they earned from the previous pump of BTC. For myself, I am glad that I can put my SBD holdings to another exchange rather than only relying on steemit's internal market because it will give me more freedom for converting my SBDs to USDT where as I had said can be used to buy other digital assets or perhaps trade it for the price which I picked to be executed when SBD will hit a certain price rather than manually do it to avoid missed prices and regret in the end.