How our money is getting lost.

in #steemit8 years ago

Hi guys, its jtfish again, ill like to dicuss something with you awesome peeps! So, recently, I had 19.38 in my estimated account value, and now, over the course of 3 days, it has becomed 13 bucks, is anyone sharing the same problem? Please upvote and comment so as to bring this to everybodies attention! So please upvote!

Sort:  

Hello jtfish,

when you open your wallet you will see at the bottom: The estimated value is based on a 7 day average value of Steem in US Dollars.

In the last seven days the price of Steem and SBD gat great fluctuations. Just have a look at Poloniex for instance. As the price went up a bit the last days you will see your total value increasing again.

Hope this helps.

If you want it to hold value, trade Steem power for Steem dollars. Steem power is designed to lose value if it isn't getting pumped by whales. But if you hold steem dollars instead, your votes and curation is worth less.

that is why its call "estimated account value"
it depends upon price of steem & steem dollar.
steem price decline more than $1 in last 3 days.

It's the price of Steem that is fluctuating. 3 days ago the price for one Steem was much higher than it is right now. If you had all your money as SBD, your amount woudn't have fluctuated that much since it's always around 1 USD per 1 SBD.

yeah the price is going down, refer to coinmarketcap.com . But you guys should look at the steem power instead

Coin Marketplace

STEEM 0.24
TRX 0.26
JST 0.041
BTC 98449.34
ETH 3495.58
USDT 1.00
SBD 3.36