If you haven't noticed already, Steem Dollar is trading above $2 in the crypto markets. Steem has also recovered from a sluggish $0.9 to $1.00 price run for more than a month. Last I checked, it was $1.10 on Coin Market Cap website. SBD was $2.07 and it presents a unique opportunity.
Making Profit from SBD
The opportunity is of massive proportions. I'm afraid it may be over soon so I just want to hurry through this post. There are two ways you can avail this opportunity.
1. Sell SBD on External Exchanges to Get Bitcoin
SBD is pegged to remain close to 1 USD in price. However, supply and demand dynamics have increased its price above $2. It is not permanent. It will come back to $1 eventually. For example, when I joined Steemit in June, SBD once traded at $2.78 , which was an unexpectedly high price.
What you can do is to sell SBD right now and get Bitcoin. You decide to hold Bitcoin or sell it to withdraw fiat money is your own choice. You can even hold Bitcoin and buy back SBD when it comes back to $1 price.
If you have 100 SBD right, it means that you can buy $207 worth of Bitcoin. When SBD is $1 again, you can buy back 207 SBD (107 % profit). Furthermore, if Bitcoin price rises as it happens, you may end up having $300 or more to cashout of invest in SBD.
2. Buy Steem on the Internal Market
Steemit has its own market place. I love its simplicity and easy trading platform. Right now, for 1 SBD, you can get more than 1.75 or more Steem. 1 Steem is priced under 0.60 SBD and it is as low as it can get.
If you sell 100 SBD to buy 180 Steem right now, it is a wise thing to do. 100 SBD will be worth $100 eventually but 180 Steem can be worth anywhere between $150 & $300 immediately. With bright things planned ahead, you may be having $720 to $1000 (Steem goes $4-6) soon with a simple SBD/Steem trade.
Conclusion
I chose option # 2 because I love Steem and I wish to keep all my trade on Steemit. I have converted almost all of my SBD to Steem and as I get more payouts, I will keep collecting Steem.
Opportunity of a lifetime is there to take! All I request you is to resteem this post so that more Steemians can make good profit from their hard earned money. Upvote to get this post noticed and resteem to let your followers know please.
