AFAIK, If you are really decided, then you may want to power down your steem power. It will be divided into 13 and will be given out every week for 13 weeks. Once you coverted it to SBD, you may sell it using blocktrades or bittrex for bitcoin. Then you may transfer them to your bitcoin wallet.
I hope that helps but please give some more thoughts about it. As they have warned about how fluctuations of cryptocurrencies go, this might just be one of those episodes and shall pass too.
Thanks @beatenegg,
So if Steemit folds during that 13 week period where I'm getting $58.23 a week, everything I have that hasn't been returned to me will also disappear.
Shades of Tsu all over again.
From what I've heard, these current 'irregularities' have nothing whatsoever to do with the flucutations
in cryptocurrencies. It is something to do with the way that steemit(which is a website in the normal internet way of things) interacts with the blockchain.
The blockchain may persist forever, but the money I've been awarded for posting may not, or at least
My access to said monies.
As I said, I don't want to take it all out, I don't want to leave steemit.
Point taken. That's one thing scary about it too. But that's what witnesses are delegated for. They have the power to sustain steemit community (and this website for that matter). It is really scary if you did invest real money like exchanging USD to Steem. But let's say for me, my steem and SBD came from my own contents without shelling out real money, (not much but they are still of value) then I won't feel like losing much. After all, if it is your passion to write then it is rewarding to have been recognized here.
Or I may be wrong. Just my 2 cents.