Hello Steemit friends, I used to exchange SBD to Steem immediately every time I earned some SBD, because I was very afraid that SBD will drop back to $1, which is the initial design of SBD
According to the white paper
If SBD worth more than $1, then it will not give any interest to the owner so market should sell them
If SBD worth less than $1, then it will give some interest to the owner so market would buy and hold them
However, ever since there are a bot market, all the bot are giving higher interest and therefore the SBD interest seem like negligible and add to the fact that total amount of SBD is just 1/10 of Steem therefore it is easier for big player to push up the price of SBD than Steem, therefore the price of SBD refuse to go back to $1 and stay high similar to Steem currently at $3. Besides that, higher SBD value mean its higher pay for the blogging author and more people like it that way
Slowly I am more and more reluctant to sell my SBD for Steem anymore because already many months have passed and SBD refuse to go back to $1, my strategy now is to only exchange SBD for Steem if SBD price is 20-30% higher than Steem
thanks for reading
大家好，以前我都很喜欢一拿到sbd就立刻换成steem，因为我很害怕SBD跌回$1, 因为SBD本身一开始的设计就是要瞄定美金
根据白皮书
如果SBD超过$1,那就不给利息，所以市场应该会抛
如果SBD低过$1,那就增加利息，那市场就会收购
可是之从有了bot之后，几乎bot所给的利息都远远超过平台可以给的利息，然后再加上SBD的量又只是steem的十份之一，所以抄高sbd比抄高steem容易的多，就变到没有什么人要抛售sbd，而且sbd价格越高，对写作的人越好，就更没有人要抛售
慢慢的我也越来越不想卖sbd了，都已经过半年了，sbd还是跟steem差不多价格，都不会下回$1, 除非真比steem高出20-30%我才换回steem吧，目前就这样操作
谢谢阅读