You are viewing a single comment's thread from:
RE: Why account values (and a few other things) are messed up
If the debt ratio stays below 10% would it be a plausible strategy to buy SBD on Bittrex and then use the conversion method to convert to STEEM effectively ending up with more STEEM than would be earned if the same amount of fiat money was directly used to purchase more STEEM? Or is the pricing and everything in too much flux that it would be too risky to attempt this?
I did a few conversions recently, and yes, generally speaking, If your goal is to power up it makes sense to buy SBD and convert rather then to buy Steem. Here's one example :
100 Steem => 54 SBD =>convertion=>125 Steem
However right now I can only buy 52 SBD for 125 Steem, so in SBD terms it was a loss.
It can end up being more or less depending on market conditions and various system rules. It can certainly pay off, however, If you want to attempt this, I would suggest making sure you fully understand the process in detail, and also that you are prepared for the inherent risks.