What is 1 SBD worth in the Philippines?

Looking at comments from my ulog-quote post, I stumbled upon a contest from one commenter. And because I did not get a big prize from the latest @ originalworks contest, I have to cheer myself up. @ pennsif's contest is the perfect one to do so. It will allow me to see things positively instead of negatively when I'm currently feeling bad abt myself. 😅

So I got 10 Steem as prize for the long post I did for the OriginalWorks contest. It's my second time to join and boy it's a learning process to write these things. That topic is hard and ICO whitepapers are very long and can be hard to understand especially when you don't have any programming background. The other contestants have been writing for the contest since I-don't-know-when and I'm only getting started. I should cut myself some slack. Haha.

Since the prize is in STEEM and pennsif's contest is about SBD, let me show you how SBD compares to STEEM, PHP and USD.

♠ Conversion Tools

• Investing.com mobile app
• Coins.PH
• Blocktrades.us
• Steemit Market

♠ The Conversion Process

☑️ SBD to STEEM to PHP w/o conversion fees

First off, I check the current exchange of 1 SBD to STEEM on the Steemit Market and then convert the result in Investing.com app to Philippine Peso (PHP).

If STEEM can be directly converted to PHP that is how it would look like. However if I do the SBD to BCH to PHP, it will have a different result.

Ehem, so from the first image we can see that at the time I did this conversion, 1 SBD = P56.53 rounded off. That is more than 1 USD of course and is what we get if the conversion does not include any fee deduction/conversion at all.

In comparison to USD, see below.

In short, 1 SBD > 1 USD.
1 SBD ➡️ P56.53
1 USD ➡️ P53.08

Clearly we can all see the difference eh?

☑️ SBD to BCH to PHP

Now let's look at it for real. How will it look like if I convert SBD to BCH then PHP?

First, let's use Blocktrades because I don't use any other site to get my SBD/STEEM out. (Maybe I should? Lol but which one? 😅)

This is how it looks like.

And when that BCH amount is converted to PHP without considering the fee, it becomes like this.

Screenshot_2018-08-04-19-57-31-616_asia.coins.mobile.png

In short, 1 SBD ➡️ P52.08

🔷🔷🔷🔷☑️ SBD to ETH to PHP

Of course I think this one is better right now because the fee is lesser than converting to BCH. Looking at Blocktrades, the fee for STEEM to ETH is 0.018 SBD as opposed to SBD to ETH w/c is 0.02 SBD.

Based on the above, 10 SBD would be...

10 SBD ➡️ 11.263 STEEM ➡️ P654.67

P654.67 will allow me to buy groceries or food for less than a week. 😅 Considering I get occasional free food why am I complaining? 😂 Thank you OriginalWorks and thank you Steemit!

What more if I won a higher prize? That would be P6,546.70 if I somehow happen to get the 1st prize of 60 Steem. Huhu. Now you see why I feel bad my article was only worth 10 STEEM. But at least I got something which is better than nothing.

♠ What can I buy with 52 pesos?

With or without change, here is a short list I came up with.

• P50 Globe/Smart/Sun mobile load
• One loaf of Ube flavored bread.
• 2 Kilos weight laundry service (if still at P25)
• One second hand paperback book.
• One 8m correction tape + 2 or 3 pens
• 2 Pantyliners (just add P2)
• A pair of earrings (or maybe two if it's real cheap)
• One entrance ticket to the Planetarium at the National Museum in Manila
• Three 1 liter bottles of Nature Springs water (good for hiking and camping etc, right?)
• One 180g Century Tuna (w/ calamansi) + 2 eggs (at P7 each)
• One meal at Jolibee or 1 meal and more if from a karinderya (depends which one you go to.)
• 2 to 4 MRT/LRT rides (either as Beep card load or individual tickets) in Metro Manila
• 1 tricycle, 2 jeepney and 1 bus ride fare from our house going to Ortigas and almost back home. 😂

Grocery price proof is in the receipts I have:

MRT ticket price as seen on their website, edited by me:

Correction tape:

Bus tickets here:

Planetarium ticket price here:
Screenshot_2018-08-04-22-48-14-718_com.android.chrome.jpg

The list can go on and on actually. So you see, I shouldn't be feeling bad at all if I got 10 STEEM as winning prize. I should really get better at this. T_T _{(Last time I got 25 STEEM for 7th place so at least I really get something from writing here on Steemit.)}

♠ Why CoinsPH is Important to Filipinos

This is why Coins.PH is such a big help to Filipinos. It is a bridge to bring cryptocurrencies closer to PHP for it to directly go into our bank accounts and/or wallets.

If only CoinsPH will finally put STEEM or SBD in their system, it would be a great help to Filipinos. (I wonder how much the Blocktrade fee would be? 😂)

Watch this video I made before when we were called upon by @ surpassinggoogle to make a video to submit to Coins.PH.

If you still don't have Coins.PH, sign up here.

Or you can download it from the App Store or Google Play, use my code VKAYSM so we both get P50 each! You know the value of P50 now after reading everything above right? 😁 If you don't use my code then we both don't get any PHP. 😂

And so on that note, I'll go and write that article for my writer application now. Thanks for reading!

XOXO,
Hive account@artgirl