SBD is trading below 1 USD - what now?

About two weeks ago, I wrote a post in which I wondered what would happen if the price of SBD would go below 1 USD.

<p dir="auto">And well .. <strong>it happened. <p dir="auto">As the time of writing - SBD trades on Bittrex for around 0.99 USD. <p dir="auto">While the difference to 1 USD currently is very small, I can see the bear market continuing and the price to drop even more. <p dir="auto">Now, in contrast the price of STEEM is falling as well. <p dir="auto"><h1>Upside of SBD<p> <p dir="auto">The great thing about SBD is, that STEEM has an internal smart contract which allows <strong>anyone to convert 1 SBD for STEEM worth 1 USD. <p dir="auto">Which means: <p dir="auto">No matter how low the external SBD exchange price is - it could even be 0.5$. SBD always has a value of 1 USD internally. <p dir="auto">And you could even make a margin profit, if you'd buy SBD below 1 USD and convert it to STEEM. <p dir="auto"><h1>SBD to STEEM conversion<p> <p dir="auto"><span>Now, the conversion takes 3.5 days and the 3.5 average STEEM price is taken. (You can see that price at: <a href="https://smartsteem.com/buy" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">https://smartsteem.com/buy - internal STEEM price.) <p dir="auto">Additionally, the conversion is currently not enabled on Steemit.com - but it can still be used via code. <pre><code>steem-js steem.broadcast.convert(wif, owner, requestid, amount, function(err, result) { console.log(err, result); }); dsteem https://jnordberg.github.io/dsteem/interfaces/convertoperation.html <p dir="auto"><h1>Don't sell SBD if below 1 USD<p> <p dir="auto">Due to the conversion - SBD is a lot more valuable than STEEM in the bear market - as the value of SBD <strong>can't go below 1 USD. <p dir="auto">And because of that - you shouldn't sell your SBD except through conversion as long as SBD is well under 1 USD. <p dir="auto">The 0.99 USD value right now - wouldn't be enough for me to convert - I would simply hold it, but if SBD were to be at 0.8 USD or 0.9 USD - I would def. convert it instead of selling. <p dir="auto"><h1>100% SP Powerup<p> <p dir="auto">When you create a post - you're able to decide between getting rewards 50% in SBD and 50% SP or 100% SP. <p dir="auto">Now, the thing is - when you choose the 50/50 option currently, you're getting about <strong>19.2% SBD, 30.8% STEEM, 50% SP and the current trend is towards 0% SBD and 50% STEEM. <em><span>(Take a look at: <a href="https://smartsteem.com/buy" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">https://smartsteem.com/buy - at the bottom of that page are the current payout percentages) <p dir="auto">So it doesn't really matter right now, if you choose the 50/50 option or 100% SP. <p dir="auto"><h1>SBD APR<p> <p dir="auto">On top of all that, SBD also has an APR if SBD is hold in savings - which has the goal of reducing the SBD in the free-market and thus increasing its price. However, this APR number is currently at 0% and is changed by witnesses. <p dir="auto">As I'm a witness myself - I'd be interested what my fellow witnesses think about this. <p dir="auto"><em>When should we increase the APR % and how high? <hr /> <p dir="auto">Well and that's all I currently know about SBD. I hope you learned something out of this post. <p dir="auto">Best of luck in these downward times, <p dir="auto"><em>Wolf <hr /> <p dir="auto"><a href="https://steemconnect.com/sign/account-witness-vote?witness=therealwolf&approve=1" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/0x0/https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQJzTao5kTsPcwHX3EUv2xD1db1Aca58kA7SMKjJDAjAc/therealwolf_signature.gif" />