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RE: Price Feed Tool Update - Choose Your Exchanges
Thank you @yabapmatt. Is there a post to explain the different ways of valuing the returns of the bots on your site? For example if I choose STEEM it looks profitable, as with USD. But if I look at the rewards listed on the actual post or if I use the pull down option "Post Rewards" it shows that buying the vote will bring a loss, even though it's green with a max recommended bid > 0.
I'm sure there are answers to this out there but I've not been able to find posts explaining this.
Bet
Just reread https://steemit.com/faq.html#What_do_the_dollar_amounts_for_pending_payouts_represent
Is the disparity because the estimated value steemit uses assumes SBD to US$ parity? Ie it's basing it's estimate on each SBD being worth US$1 rather than the actual current value of about US$3.57?
I noticed recently that in fact SBD was selling for much more than STEEM itself.
Whilst at this, based on the following FAQ answer there appears to be some way of automtically converting SBD and STEEM between each other. Yet I've only ever been able to do it on the market. Is it possible to do this conversion without going to the market?
https://steemit.com/faq.html#How_do_Steem_Dollar_to_STEEM_conversions_work
Best
@yabapmatt ok I think I might finally understand. Based on this helpful post it seems that steemit lists the reward value of a post in SBD and SBD's are worth more than steem hence the disparity.
https://steemit.com/steem/@yabapmatt/how-to-calculate-the-value-of-a-vote