I am humbled by this post, @josephsavage. It's really impressive that you can consider another's position, even if you disagree. That's becoming an increasingly rare skill these days.
Ultimately, it's not really matter of right or wrong, but learning and adapting as things become apparent. I was not expecting SBD to jump up like that, I was as shocked as everyone else!
There is zero long-term logic for SBD to have any value other than $1. It's supposed to be STEEM that goes a little crazy.
Exactly right. STEEM is the token we should all be collecting. SBD is supposed to be a safe haven if STEEM drops, not the other way around!
I need to keep my liquid Steem investment balanced between Steem and SBD
It's probably best to have both on hand, however right now I have been liquidating my SBD for STEEM while SBD is high. I expect SBD to eventually go back down to $1. I'm surprised it's taking so long.
I received the advice of always using 50/50 (while STEEM value is low) from @timcliff. He was compiling a list of advice for new Steemians. I suggested always powering up (like you did) and he explained that it's always better to have both SBD and STEEM on hand, since we never know what the market will do. He also added that purchasing STEEM using SBD will help the value of STEEM to increase, which is what we all want.
Here's to sipping margaritas on our own private islands as we cash in 6 figures a month on STEEM income. Steem on! @ironshield