Whales are dumping steem in masses, one good example is @dan who is selling a lot every few days. And since everyone who converts their SBD wants to cash out the profit, we are loosing out in steem price.
And you have to overlay the BTC price changes on all coins, so that obfuscates prices even more.
So do you suggest I HODL the SBD i have or exchange for a different crypto? @reggaemuffin
In my opinion: Exchange it for STEEM in the internal market and HODL that (maybe power up).