Why Your Steemit Post Value Changes Even When Your Vote Doesn't
What, I had a 10 dollar post yesterday which is now worth 9. Then tomorrow you will see the post go up to $12. And the whole time your voting count stays at 25. If you are new here you might be wondering what is going on. What is this magic? It is just the value of steem going up and down as the market changes. Remember you are not getting paid in cash but steem, which is a currency like bitcoin, that has a financial equivalent depending on what the market says. Right now 1 steem is worth $1.77 USD, so it is worth more than money from a lot of countries. Tomorrow it will change. Maybe it will go up, maybe it will go down.
You have to also keep in mind that the value of your post is based on a seven day rolling average. It is not a live exchange so it going up or down based on the average. So, I think, as days with high and lows pass out of the seven day range, it can have a drastic effect on the amount. Just think of it like a stock that goes up and down.
Now if the price goes down and you lose a lot of 'value' on your post, you are still getting the same amount of steem. So
if you hold it is can go back up, or, can go even higher. I, personally, think the coin will see $5 plus by the end of the year and I am in now hurry to sell them. But they are your coins, do what you think is best with it.
Just know those dollar values are based on the market so they will fluctuate constantly.
Here is the site I use to check prices:
visit steemnow.com for detail about your post earnings
It would have been nice if I sold at $8 and bought back now lol Oh well maybe next time!
It would be nice find i got real followers instead of bots lol
It's an attack of the bots these days! Lol I should make a bot that destroys other bots
lol same but don't feel bad, you never know. Then you sell it at 2 and it goes to 4 :p.
It's a big currency I expect her to have more than $ 40 in this year Do not rush to tell you that her big future is that she's excited she's the best
I think a $100 but I might be over optimistic.
The steem price tracks the bitcoin price. And bitcoin is below $7000 again sadly.
Remember when steem was .09 cents!?!? It wasn't all that long ago. less than 2 years. What if it goes back to under a dime? My guess is that there will probably be some unhappy whales when that drop happens...
Thank you @whatageek this is a very information post.
This is what I like about steem no matter how much the value of steem changes but the no. Of steem you get is the same it is just the conversion that changes, so if the value increases tomorrow, yayyy it is a win-win situation..
I agree. It's definitely a WIN-WIN situation!
Definitely, it is, this steem blockchain has been build with much more things we even know, the developers have worked hard very hard to make this possible, have you ever imagined you go post something or comment and get paid for that, I have been using FB and Instagram for years and then what they never gave us anything in return they showed us adds and now even the FB that has been hacked by Zukerburg himself ...really fuck that I ain't gonna use that ever again .i prefer staying with steem.You get honoured here.
Upvote
Exactly and it can really pay off later.
thanks.... very useful the information, now I understand the fluctuation of the value of the post.
No problem :)
That is really helping, there are so many questions arising in the minnows head, but they don't get to know what actually happens, this can help even I can to know this thing about a week ago...thanks highly appreciated.
My entry.
Very good post. It makes perfect sense now, I have been trying to figure out why my post value was going up and down without getting more votes.