I told myself that if the Steem to SBD ratio ever reached 0.75 I would transfer my SBD to Steem. Today, I logged in to see that the ratio was 0.7, so here I stand, SBDless.
I thought that this was going to happen during a bull run. SBD would spike x10 and I'd sell into a stable-coin and hold until the price came back down. Instead of doing that I just powered it up. 266 SBD for 378 Steem; not bad.
This puts me at 5.2 Mvests: I've breached the halfway point to becoming a dolphin; exciting times. It feels nice to no longer have to worry about the security of my active key. With no liquid funds all a hacker could do with it is try to power down. I enjoy keeping Steem as my HODL account. It's very secure. Bigger upvotes are always fun as well.
At first, I thought it was foolish of me to make this move. Why not trade my SBD for $1 worth of Steem instead? After all, SBD is worth 95 cents, so I'd be getting an extra 5%. However, I think that in the 3.5 days it took to do that there could be a significant change in the market, so locking in the decision seems like a good idea now. Already the ratio has moved from 0.70 to 0.72.
One Half Dolphin or Times Five Minnow? You Decide.
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