I am one of those newbie's who was holding my SBD and just learned that it would be more beneficial to convert to Steem Power
https://steemd.com/@cloh76/i-converted-my-first-steem-dollar-earnings-to-steem-power-learning-the-ropes
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Holding SBD is not necessarily bad. It earns interest and should be fairly stable over time (even if it currently has some nasty fluctuations). The thing to be aware of is that SP is a highly risky, illiquid investment (meaning you can't get your money out quickly) while SBD is liquid and most of the time should be stable. SP could certainly pay off more over time but that is not guaranteed. Study both carefully and make the decision that best fits your own situation.
Precisely, sold half the value of my assets in polo for SBD and im planningbto hold on for it just in time for the big boom
Its interesting that whales rarely hold SBD and when they do hold it, its generally a very low percentage of their wealth on the platform (source: http://steemwhales.com/).
Why do you think whales don't hold more SBD?
The total supply of SBD is about 1% of the supply of STEEM/SP. It isn't mathematically possible for whales to have a large percentage.