This post exactly addresses my issue. I have 20 odd SBD waiting to be converted to Steem. But Steem and SBD is almost equivalent which is holding me from converting it.
Earlier we could buy 1 steem at 0.60 SBD. Now its way too costly ~0.89
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Holding SBD is very, very, very risky. Seriously dude, people are discussing an intervention, the supply is increasing every day. Get that STEEM while you can. When/if SBD does go back to 1, you will be looking at 5+ STEEMSBD.
I have been tracking the news and discussions on SBD to be pegged to $1. I think its just unfortunate for me. Before I could figure out about the conversion and stuff, the SBD price was pretty much comparable to Steem. I should have known this at least a week earlier and I would have had much more steem.