The current SBD:Steem ratio is 0.746490, which means you get 1 Steem for 0.746 SBD. This is a fantastic opportunity to get more Steem out of your SBD. I start trading my SBD when I see a ratio of 0.750 or better.

I'm holding my SBD for the next pump

I believe we will see another SBD pump in the future. I don't see it being anywhere near what we saw in 2017. Last year, a new Korean exchange Upbit listed Steem & SBD. At the time we only had around 1,000,000 circulating supply, we now have fifteen (15x) times that! The chances of another SBD pump like that is extremely low.

SBD is still only loosely pegged, and a Steem run would cause SBD to climb as well.

To trade SBD or Convert

Right now the only option to users using the Steemit.com website is to trade on the Internal market. This allows you to sell SBD to Steem for a predictable rate. It does not, take the SBD out of circulation. To remove SBD from circulation, you need to use the convert function. The convert function is currently not available through the user interface (UI).

Using the conversion method to convert your SBD to Steem will take the SBD out of the circulation. This will help reduce our debt ratio as well. There is also a slight advantage due to SBD being lower than $1.

How to convert SBD?

Using CLI Wallet

For most users, the easiest way to convert SBD will be using Steem Connect. If you are comfortable using the CLI Wallet, issue the following command to convert SBD.

convert_sbd themarkymark "1.000 SBD" true

Change the username and SBD amounts. You need to have your active key imported before you can issue the above command.

Using Steem Connect

While this method is easy, it isn't user-friendly.

You want to edit the following URL to fit your situation.

https://steemconnect.com/sign/convert?owner=themarkymark&requestid=1&amount=1.000%20SBD

You will need to change themarkymark to your username. You will also need to change the amount 1.000 to whatever amount of SBD you want to convert. It needs to end with %20SBD, this represents a space and then the three characters SBD. The request ID needs to be unique, if you have any other running conversions, increment this number by 1. If you already have a conversion with a request ID of 1, make it 2.