Yesterday I bought some more SBD with Fiat (not other crypto).
The price of an SBD currently on the markets = $1.
I just can't find any flaw with this buy.
Unless the market cap of SBD reaches 10% of the market cap of STEEM it's possible to convert 1 SBD into $1 worth of STEEM.
It currently is around 5%.
It would mean STEEM needs to go to 50 cents before this is no longer possible. But even then you can just wait for more STEEM to be created until balance is restored and the conversion works again.
On the other side there are a lot of benefits though.
The biggest two being:
No real risk of of SBD going lower than $1 (Fiat investment stays the same).
Benefiting from a rise in crypto if that would happen. SBD has shown already that it goes up with the markets.
Also no SBD is printed right now so in a scenario where it would pump no one would be able to earn it (and sell it).
I therefor now think it's not a super bad idea to just keep a little SBD on the sideline, just in case.
What do you guys think?
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