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RE: Why would I lose over $100 in Bitcoin converting to Steempower
I get $653/$3.71 = 176 Steem according to coinmarketcap.com
I think its close enough, again depends on what exchanges they are pricing steem and btc.
Wouldn't they go by what the price is on their buy and sell page? Right now it's at 3.40. 2 days ago steem was at 2.97 on their page and Bitcoin was like $666 and it was well over $100 usd difference.