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RE: SBD'S PEG IS BROKEN: ARE NEGATIVE RATES AN OPTION?

in #steem6 years ago

Ouch. I just exchanged all my SBD for STEEM Power, and thought I got a good deal, at around 3.47 SP per SBD, as I posted here: https://steemit.com/steemit/@libertyteeth/1-sbd-is-worth-around-usd3-50-right-now-plus-old-world-s-fair-cartoon-and-jonathan-coulton

Aha! Figured out my issue; my title is wrong, and I'll update it (which won't affect the URL above) -- an SBD was not worth "$3.47" when I exchanged; it was worth "3.47 SP", and since an SP (or a STEEM, as they're equivalent) was at the time worth around $2.15, one SBD was worth around $7.50 when I made the exchange.

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I think you did the right thing mate! I don't have anything left myself lol

Newer posts are saying it's $13, i.e., almost double where I dumped it for SP. Oh well! :) Don't follow me for trading advice... -- follow @haejin! He's doing some great TA.

It actually went up to 18$on some trading sites. Yay

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