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RE: Condenser Pull Request Submitted: Added Warning to SBD->STEEM Conversion Page
@timcliff , you might want to add (in red):
Do not use this option when SBD are trading above 1.00 USD!
@timcliff , you might want to add (in red):
Do not use this option when SBD are trading above 1.00 USD!
Good suggestion. I was trying not to provide any specific trading advise, as it can be bad in certain circumstances. More the general warning that they should understand the markets and know what they are doing should cover that (and the many other things they need to be considering as well).
Correct, but when this is add, they will at least do research into this topic!
Unfortunately it is not that simple. Without getting into the complexities of the SBD conversion process, there may be scenarios when you would want to convert SBD->STEEM even if the price is trading above $1. This is not the type of thing an 'average user' is going to want to think about though.
Interesting, where can I read about this scenario, be cause I havnt read about that before!?
It's not written down. You'd have to think through how the conversion process works, and think of ways to end up with more than you started. As it says in the new 'warning' - it is a feature primarly intended for advanced users who understand the dynamics of the price feed and markets.