I have been accumulating SBD waiting for it to go back from the current 1.2/1 ratio to .85/1 ratio it had been holding at. See no reason this won't happen and when it does I'll be very happy to get the bonus SP out of the deal. Honestly I think buying SBD right now is a smart play based on how the SBD to steem prices flip flop repeatedly over time.
This natural free market allowing the price swings is what attracts many investors. Without fluctuation there is no room for profit. Seriously if I want my $1 to stay at a $1 then I will keep fiat and have no risk. If crypto becomes to stable I'll go back to gold and silver for my storage of wealth and inflation guard...crypto carries massive risks and those risks need to be rewarded with potential profits.
Mhh, i would be very careful buying it if it trades above $1. SBD is a promise to get $1 of steem. So there is is simply no justification for it to be worth more than that. It does not provide any utility or value above $1 and in fact uses all of its utility if it trades above $1.
I think long term it has to come down for that reason, so I think these trades are fine in the short term as speculative play but i would be careful with such strategies.
I've been making small trades back and forth getting out quickly. But have bought a bunch of SBD from another steemit member which I'm holding for the change in ratio which I feel will happen. Actually I'm pretty confident that we will see a couple flip flops of the ratio long before there is any stability. There is such a small float of SBD that it only takes a couple larger investors or any of the many pump/dump groups out there deciding to move some money into SBD and the price can move pretty drastically.