Yeah, if I had more SBD, I'd most likely buy STEEM right now, but I doubt I'd be buying SBD in order to buy STEEM - I'd buy STEEM directly if that were the case. In regards to having some hedges against a big crypto correction, the USD or Euro equivalents are great instruments for that. I wouldn't be buying SBD at these levels though, but I do have some stink bids in on it.

Very good of you to point out the similar price action last spring! When comparing with STEEM from that same period, it looks like SBD was generally leading the way up, and then when STEEM really got moving, SBD cooled down. That could very possibly happen again.