Yes, if I am understanding your question correctly - it is very bad to convert SBD to STEEM right now. You would get around $1 USD of STEEM via conversion, whereas you can go to the internal market and get $10 worth of STEEM for every 1 SBD.
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Ok, thanks. Did a post earlier to inform the community. Not everyone may understand. I low balled the conversion rate in the post to account for market movement etc.