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RE: Take the "Steem Dollar" Challenge! I Dare You! Ha!
I've never tried the option of converting SBD to steem. But as others have said, the burning of the SBD and creation of steem should drive the price of SBD up and the price of steem down (in large quantities). Will post back in 3.5 days with an update 😊
Some believe SBD's are not burned on CONVERSION. Trading can be very delicate. The best resolution in my opinion is to buy STEEM with $SBD and then trade the STEEM for whatever crypto you want. I just bout 473 Steem for $69 SBD. The Steem is trading now at $1.85 US. You do the math. I'm not advising. I'm not a professional financial advisor. Just relating to you an anomaly I uncovered re $SBD.
Tomorrow I was going to do a 1 SBD 'market sale' challenge. I'm not advocating conversion. I wanted to point out the anomaly here with SBD. The damn thing keeps climbing an no one has come up with a good reason why that I've heard.
Ah I see. So you're trying to demonstrate the difference between converting internally and selling via open market. The difference being that selling on the open market is more advantageous, correct?