The cryptocurrency that is supposed to be tied to the USD has finally come back home.

It's been nine months since we've seen a correct SBD reading. However, is this a good time to power up?

From a price perspective, I would say (or would have said) you can't go wrong buying in under a dollar.

But, times have changed. The crypto markets are not the happy, joyous playgrounds they once were. 

Let's look at the pros and cons of powering up with a $1 SBD:

Pros

- As above, the SBD is back to where, technically, it should be. If the USD peg works again, and Steem and SBD stop imitating the market (and each other), any purchase here or below would position you perfectly for when prices start to rise.

- The SBD boomed with the rest of the market in December last year because the peg doesn't work. If the peg isn't fixed (probably won't be), the same thing could happen again, which could turn out to be profitable if you get in at the $1 level.

- Oh, and you can have more Steem Power to upvote yourself and delegate to upvote bots and everyone will pretend to like you because they want you to upvote them and all that good stuff. 

Cons

- According to @buggedout, the return to $1SBD may involve volatility - including a drop below $1 SBD. I suggest anyone thinking about making this move read @buggedout 's post on the subject here. (However, he does have hundreds of kilos of gold buried in his backyard so DYOR).

- We are still in a bear market and there is nothing to indicate a reversal is nigh. We can come up with all kinds of theories and charts, but with the exception of  April-May (a rally I suspect may have been caused by DAI), the market has been constantly moving in the same direction - down. Investing in Steemit now could involve carrying around a heavy bag for some time.

- There is a lot of problems with Steemit apart from the broken SBD peg. There's no need to list them here, as I'm sure if you've been here longer than two days (longer than the average user I think), you would know what the situation is. @filotasriza3 does a good job explaining the situation here. It's the same story: bots, bots, upvote bots, and more bots.

- The problems with Steemit are counterproductive to adoption. The platform is about who you know, how much SP you have, and/or how many upvotes you can buy. It's a circle jerk for Bitcoin rich narcissists.  You could argue it's better for content creators to get a buck (for now) on Steemit versus getting nothing on another platform, but it's useless for content consumers. Without increasing adoption, it won't be long before the Steemit blockchain is a ghost town (or bot town).

- The situation with the Steemit witnesses is a joke. Most of them aren't even active on the platform. The ones that are, seem to be busy working on their back and hip flexibility or slinging petty insults at each other. I wouldn't bet on these guys ever getting together to make improvements.

- There are many decent blockchain projects that are all at historically "cheap" levels. Each one carries just as much risk and just as much reward as Steemit. Even ripple is looking like a good buy at these prices. Why would powering up, and locking up your funds for 90 days, supersede these?

- @ned is powering down. Apparently, he's some big important guy around these parts. Why is he powering down? And, why the hell would you power down millions of dollars at a time like this? Maybe it's all the ketones he's been eating... I don't know?

To Power up or not to Power up

Regardless of all the FUD, Steemit is one of the good blockchains. It's a blockchain that works, it's a blockchain people use beyond speculation, it's a blockchain that can handle over two transactions at a time (even if they are made by bots), and it's a blockchain that can shake up social media.

It CAN do this and it CAN do that. But, will it?

For now, my list of cons is longer than my list of pros. I'll be waiting and watching.

What do you think? Is now the time to go all in on Steemit?