What does that mean ? It’s a good day to convert some of your Steem to Steem Dollars using the Internal Market...
Chart: https://coinmarketcap.com/currencies/steem/
I convert these back and forth on any large divergence and make a nice return on the spread .... it’s how I got to 6,000 Steem Power. Need to be quick though. It moves fast.
Steem is the only blockchain in the world that lets you do something like this with zero fees.... all from your own Steemit wallet.
When Steem goes way up and SBD does not move trade some Steem for SBD
When SBD goes way up and Steem does not move then trade your SBD for Steem.
So easy.
Remember that SBD once hit $14 when Steem was at $8.... some of the spreads were much greater.