The Steem print on this cup is almost gone, but it's still one of my favourites
What to do with your SBD?
I was asked a couple of times already what to do with SBD's (Steem Blockchain Dollars) now that they are printed again.
This can be SBD's that you had previously as well.
To know what to do you first need to also know what an SBD is.
An SBD is basically a smart contract that you can always convert to $1 worth of STEEM trough a convert function in the blockchain. (with a couple of exceptions I won't go into now to keep it simple).
This is all it's good for. Being worth $1 worth of STEEM.
Currently SBD is trading on the markets at $0.97 cents. Basically it's intended value. Even though SBD has traded higher in the past its use-case is being worth $1 of STEEM.
So if you see people buying SBD for $2 on the market one day, know that they are buying something that (on a pure use case level) is only worth $1.
I hope that's clear.
What to do with your SBD's kinda depends what you want out of Steem at this moment.
These are roughly your options:
If you want more Steempower, using the internal market to buy STEEM ($0.42) is the way to go right now. Every SBD will currently give you 2,3 STEEM instantly. This will be less and less when STEEM goes up in value.
SBD's are currently around $1 USD, this is the intended price for SBD. Selling them for FIAT, STEEM or other crypto is smart. Only pure speculation will make the SBD go up more. They have no real fundamentals backing them (like STEEM).
Keep them and speculated on a price rise like we had in 2017. (I consider this unlikely, but this is crypto, you never know).
What am I doing?
I'm using my SBD to buy some Steem Monsters cards and convert most of them to STEEM.
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