Hello steemians,
I have not posted for some days now due to the issues faced with network providers here in my country.
I believe many of us are aware of the current hike in the price of our beloved SBD (steem dollar) . To the best of my knowledge,sbd is pegged to 1usd which means it is not suppose to go pass 1 dollar talk less of hitting over $7 .
In the light of this trend I will like to make a suggest which will be beneficial to anybody holding sbd.
Suggestion
Since steemit is family , I believe it is our duty to bring to each others notice anything that is useful and helpfull. With the current trend of SBD anybody holding it should exchange it to steem . Doing so will give you a better deal as you can get at least four steem from one SBD.
Calculation
Since currently from the image above, one SBD is equal 7.32usd and the value of one STEEM is 1.75usd we can quickly calculate the amount of STEEM we will get in the conversion of both currencies.
From the image above, we will be getting over 4 STEEMS in the conversion of SBD to STEEM which is more profiting in the long run to me because STEEM is designed to go higher than the price of SBD.
Procedures
From your steemit account ,navigate to your Sbd account and click on it.
After clicking on it, a drop down will show.
Now click on MARKET .
After clicking on it, you will be redirected to a new page which is the internal steem/sbd or sbd/steem market.
Now you can fill the amount of SBD you are willing to exchange for steem.
After filling it,click on BUY STEEM and you will be taken to where to confirm or cancel the order.
Your order will be filled in seconds if the price you filled meets the bid order.
Simple as that.
All images by me.