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RE: Make money trading SBD/STEEM! Part 2: Strategies

in #steem6 years ago (edited)

@longcat ~ I'm confused... Maybe you can explain to me why (today) the price of SBD just jumped to over $3.60 and the price of Steem dropped to $2.36, however, on the internal market, I would need to spend over 4.5 SBD just to receive 3.24 Steem. The following graphic was snipped when SBD was at $3.64 and Steem was $2.37 on the open markets.
Internal Market.PNG

This just doesn't make sense when SBD's prices are higher than Steem. Am I missing something here or is the internal market pricing just look upside down to me? Should I be trading my SBD for Steem when SBD's are inflated? Or no?

According to Steem.supply: For 1 SBD you get 1.450 STEEM.
SteemSupply.PNG