It definately all makes sense. I think in This time as long as SBD is high, which is only temporarily as you mentioned, and Steem is low and of course at the same time you don’t need to cash out your hard earned crypto Steem, it’s all in to your benefit. The perfect case of scenario is that for as long as SBD is at least at the current price or higher and Steem price goes even lower we all should benefit from this in the future since I belive it will eventually turn around (high Steem, low SBD) I think right now is the best time to blog, coment and to earn as much as you possibly can.
Keep playing, keep bloging no matter what!
You are viewing a single comment's thread from:
I am actually confused still about SBD. I just transferred like .01 bitcoin which was aprx 100$ usd value and it gave me 27 SBD. How can I view SBD as being equal to 1$ if I just paid 4$ for it? I could have gotten the same amount of steem for that, but by buying the SBD my "account value" only went up 26$ not 100$...
The blockchain considers an SBD to be worth $1 worth of STEEM. But the markets have decided to trade SBD for much higher. But the blockchain does not look at the markets when it comes to SBD so it thinks it's only worth $1 and that what it shows.
Now the true value of an SBD is, in fact, $1 worth of STEEM and nobody has found a good explanation yet why it's trading higher at the moment.
As soon as you turn those SBD into STEEM the blockchain will show the correct value.
Next time I would not by SBD but STEEM straight away if you want to buy STEEM.
From what I understand is that SBD is “supposed”to be $1.00. However thanks to speculation, the price actually fluctuate. As of now the price of one SBD is $3.90 which is just about right to your 27SBD’s you received for 0.01 btc or$100.00. In your wallet you still didn’t convert your SBD to Steem that’s why it still doesn’t show on your acc value. Once you transfer your Steem dolars (SBD) to Steem Your acc. value will increase by approximately $100.00. Below is the link how to transfer Steem dollars (SBD) to Steem and them Steem power.
https://steemit.com/powerup/@dwinblood/how-to-convert-steem-dollars-to-steem-and-then-to-more-steem-power-if-you-want