Over this past month STEEM, on the internal Market, has been as low as 1.15 SBD and as high as 1.55 SBD.
WELL NOW IT IS THE LOWEST: 1.01 SBD
So before you start to cry and be sad about the price of steem...check your Wallet balance for how many SBD (Steem Backed Dollars) you have.
My thought is: If you have 10 or more SBD, especially if you have 100 or more, NOW IS THE TIME to trade it ALL for STEEM!!!
You see... I am confident that within a month ( or 2 ) STEEM will be back above 1.25, maybe as high as 1.50 again. And so, if you trade it now, once the price has gone back up, you can trade as much as you need back into SBD, and it is like FREE STEEM!!!
Say you have 100 SBD
Trade now for 100 STEEM.
STEEM goes up to 1.35.
If you traded all 100 STEEM back into SBD.......YOU WOULD HAVE 135 SBD....... Your original 100 plus 35 FREE Steem backed dollars!!!
Here is how:
1 - Go into your wallet and click the dropdown arrow at your Steem backed Dollars.
2 - Click MARKET
3 - See How many SBD you have available and type in how many you want to trade.
4 - Leave the 'price' alone.... Or lower it if you think the rate is going lower(not too low or you may miss the opportunity)!
5 - click BUY STEEM
6 - wait. Wait for the order to fill.
Until it fills the SBD you 'spent' will be tied up or unusable.
Because the internet is stupid, and someone may think I am a financial advisor....I AM NOT.
THIS IS NOT FINANCIAL ADVICE.
This is just a "how to" on how to trade SBD for STEEM in the internal market on STEEMIT.COM.
GOODLUCK and have fun out there!!!
!!!!PEACE!!!!
(Update: it didnt stay long at its 1:1 low, but even at 1:1.11 it is still probably a good trade.)