IMPORTANT: STEEM PRICE IS INTERNALLY HIGHER THAN ON EXCHANGES - VOTES WILL LOSE VALUE IN THE COMING DAYS

in #steem7 years ago (edited)

This is an important information post about the current market situation.

Right now, the whole crypto market has gained a huge hit and lost some value ( around 30-50%).

STEEM - internally - is worth around 5.47$ (https://steemnow.com/upvotecalc.html)

But on the exchanges - it is only worth 3.37$.

The reason for this, is that the internal price is created through a cost-average of the last 3 days - or it has a delay of 3 days. We are not really sure there right now.

But in essence: the price is delayed.

Meaning - that in the near future - the internal price will be around 3.37$ - unless the whole market recovers very fast.

Why is that important?

This is important, because if you upvote a post now with a value of 3$ - this will be worth less if the STEEM price goes lower. (Which it will - with a high percentage)

Our Advise: if you think about buying votes right now - you better wait a bit until the price has settled or you won't make a profit!


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Aren't the witnesses providing the price feeds for steem? But they probably follow the prices of the exchanges anyway.

And the STEEM price is then the median price feed of the last 3.5 days of all the top 20 witnesses price feed. Further information in my last post.

Great update. I don't think people understand this. I stopped buying until the price stabalizes.

i am much sad for crypto
it's all going down 😭😭😭😭😭
i join you in discord @smartsteem

it's all over now....cryptos are doomed (jokes jokes)

Isn´t it also the case, that in crash times, the payout (the 50% SP part) is also decreased as it´s calculated with the momentary price of STEEM? I´m still trying to figure out the exact rules...

No wonder my vote power keeps on slipping 😩
Thought I had broke $0.10 but it keeps on falling...

i join you in discord

Now is the time to vote for each other and save ourselves!!! 🤨

81C762CF6.jpg!

Wahoo, a bit of a break from the bots...

A bit of break indeed

I agree! Those bots can be annoying.

so sad.......😭😭😭😭😭

Any idea why red fish votes arent worth anything?

Screenshot_20180118-203300.png

I mean it would be cool if it felt like I was accomplishing something when I upvote and not be giving out 0.00 votes.

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