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Yes. The short answer would be if the market was doing the opposite of what it is today. For more advanced users, there are a lot of variables to consider - but it is possible to make a profit under the right conditions.

Opposite like STEEM jumping up to $6 - $7 while SBD remains around $1.00 (like it's supposed to)? Or if SBD drops down significantly below $1.00? @ironshield

If SBD drops down significantly below $1.00, that would probably be a good time to buy and convert.