There has been a pretty drastic move in the STEEM and SBD prices. In previous posts I explained when to buy and when to sell STEEM. Now is the time to exchange any STEEM you have (not Steem Power) for SBD.
Recommended reading:
You can currently get more than 1 SBD for every 1 unit of STEEM you sell. Over the past months, prices have gone over 1 SBD per 1 STEEM a few times, but have always gone down. Graph from part 2 of my guide:
Notice how the price never even went above 1.05? Now is the time to sell high! Sell STEEM and you'll get more units of SBD in return.
I expect the price of STEEM (in SBD) to drop below 1.00 again soon. Witnesses also play a role here, which I'll go into in future posts. I would recommend to buy back below 0.85 SBD/STEEM.
You can sell STEEM in exchange for SBD on the Steemit Market. I have explained the basics of the Steemit market in part 1 of my guide.
I understand this post may be confusing. The price shown in the Steemit Market (SBD divided by STEEM) can be confusing compared to the dollar and BTC amounts quoted on CoinMarketCap. Feel free to leave any questions and remarks in the comment section.
Please consider upvoting and resteeming my posts!
Thanks!
-longcat
