Thanks so much for the advice ☺️ it help a lot

Upvoted & Resteemed ✌🏻🏻

Great post, I always buy on the market. Waiting 3 days is silly.

Excellent advice. Also do not choose the "100% power up" option when you post for the same reason. It'll treat SBD at $1, so you'll get a lot less. If steem were at $1.50, on a $10 post you only get $6 with of steem added to your steem power. Do 50/50 and use the market after payout. If the ratio is at 0.2, that 5 SBD will become 25 steem. Plus the 3 you already got straight to your sp, so 28sp total.

Thank you! definitely made that mistake.

Never used it (the internal marketplace) before, but will always use it from now on... 
Thank you @cryptoctopus !

Aw man... I've been doing exactly this!
Arrgh.  I thought it was the right thing to do... thanks for setting me straight @cryptooctopus

I think it's unnecessary  '' convert to steem '' , you leave your money uncertain for 3 days..

Thank you for sharing this.. I found out the hard way that i was doing it wrong :D

i tried that once at the start and i know how worse is that never used that after that straight away i got to internal market and convert it into seconds anyways it would be really helpful to the new people out here on steemit thanks for sharing your experience :)

I was converting to steem at the beginning, but now I know better.

Very useful ! I had used this once by mistake and till reading your post I didn’t knew the difference.... appreciate the post

this information is very useful for me small fish .. i really do not know it .. i am very stupid about this. this post is very useful for platform users. and I will learn more. i will share it..thanks so much..i like you sir

Jadi, apa tujuan dari convert to steem sebenarnya sir?..

I really understand now ... at will set the price already standard. it's really a disaster if they do not know ..

Thanks for the information. I would've never thought of the difference there!

why this otption doesnt lead to the market at times when sbd price decouple from 1 usd?

Yea I heaerd about it on discord, luckely I used the internal market, man i got cheap steem! I also think it is better to buy steempower right away. When sbd goes back to 1$ we have our origianal amount of $ but when you buy for 5sbd like 30 steem, steem will never go down 14 times. Or do you think it is better to keep my sbd till it is higher? higher sbd doesnt mean more steem because when steemprice rise you can meaby get equal amoubnts of steem on internaml market :) ?

There is an important reason why the conversion buttons is there.

If even Steem Blockchain Dollars ever start trading below $1, then you can use the conversion button to get $1.

So, if SBD is trading for 50¢ on the open market then you can recover your purchasing power.  This is the mechanism that keeps SBD from going below $1.  The designers never thought it would go over a dollar.  So, there is no internal limiting thing that can keep the price from going up and up and up.

Hey man-  just searching around this topic and came across your message here!. I wondered if you still feel this is an important message to spread. If you read my article today - I think this "conversion" has caused excess "inflation in STEEM". If you have time you might think it's an important topic if you see my post!. Best Wishes & Happy New Year!

Ohh my I have been doing this, thank you so much I never knew.

Thanks for sharing this to the people, A friend of mine fell victim he lost a good amount of sbd, So sad.

Thanks for this very informative post!

A little bit too late for me.. but it's good to know in the future.. I think I only lost 90% of it :((

Thank u for this very enlightening piece, sir. I nearly made the same mistake as your friend earlier today. Sbd had climbed up and i needed to swap the few i have left there for steem before it all went down again. My hand mistakenly clicked 'convert to steem' instead of market which  led me to the confirmation page. Luckily for me, I was immediately  to notice where i was and reverted to the intended course. 

I have never used the convert button nor knew how it worked till now. I can just imagine  the ordeal i would  be going through had i gone ahead with that option. 

Thanks a bunch for clearing that for us.

nice, never convert your steem dollars  ? steem solve this problem,

@cryptoctopus sir...thank you so much sharing this valuble news with us...I'm resteemed your post.....bcz....I think that is very important news for all steemians...
Thanks again...
Cheers~~~

And maybe this transformation should be canceled for a while, so as not to mislead people?

Someone else had 1000 SBD locked in conversion, a huge loss. What's also important is that the conversion CANNOT be canceled once it's initiated.