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RE: Steemit thinks STEEM is 0.198 USD when it really is 0.123
So is 4563 STEEM really worth $904 USD, then?
If so, how would I go about getting 904 USD for 4563 liquid STEEM? First trade it to SBD? Then what?
sorry for never getting back to you. The price feed on Steemit is Steem/SBD not Steem to USD. They use a dollar sign $ when they really mean SBD (which has no symbol). It assumes SBD is worth $1.
Okay then, I assume $1 CND is worth $1 USD. Doesn't make it true though. I can't convert my CND to USD at par, just like I can't convert SBD to USD at par.
So they're lying because it makes them look good. That's a bad sign to me.
And wait for SBD to become $1 again I guess? 😅
Ahhh. So it's... a theoretical estimated value. Okay then.
Uh oh, that sounds sketch!