RE: Don't Forget to Switch Back to SBD Payouts. by cflclosers

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Viewing a response to: @edicted/don-t-forget-to-switch-back-to-sbd-payouts

hive-167922 · @cflclosers ·
$0.03
Are you saying that when sbd is higher than $1 we should convert it to steem?
👍  ,
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vote details (2)
@markkujantunen ·
$0.04
Traded for STEEM, not converted into it. Absolutely not converted. In the conversion process, the SBD is burned and 1 USD worth of STEEM is created. That is a very stupid thing to do when SBD spikes.
👍  ,
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vote details (2)
@cflclosers · 
!BEER
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@markkujantunen · 
Cheers!
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@beerlover · 
<div class='pull-right'>https://cdn.steemitimages.com/DQmaHThyECGhEx8tSfHZbiMFRNYjJ35K92cDgiJjkzBUaJo/One%20sip%20of%20BEER%20for%20you.gif<p><sup><a href='https://steem-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p> Hey @markkujantunen, here is a little bit of <code>BEER</code> from @cflclosers for you. Enjoy it!</p> <p>Learn how to <a href='https://steemit.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn FREE BEER each day </a> by staking.</p> </center><div></div>
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@edicted · 
Luckily they took the convert feature out of the Steemit wallet because many people made this exact mistake.  You're supposed to trade your SBD into Steem using the market.  No SBD is destroyed in this process.
👍  
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vote details (1)
@edicted ·
$0.07
Also you should only make this trade if you think we are in a bull market.  Steem is more volatile than SBD, so if you think the market is going to crash SBD will normally lose less value.
👍  
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vote details (1)
@cflclosers · 
Thanks.  !BEER
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@beerlover · 
<div class='pull-right'>https://cdn.steemitimages.com/DQmaHThyECGhEx8tSfHZbiMFRNYjJ35K92cDgiJjkzBUaJo/One%20sip%20of%20BEER%20for%20you.gif<p><sup><a href='https://steem-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p> Hey @edicted, here is a little bit of <code>BEER</code> from @cflclosers for you. Enjoy it!</p> <p>Learn how to <a href='https://steemit.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn FREE BEER each day </a> by staking.</p> </center><div></div>
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