Just a quick note, as I recently had an interaction with someone on Bitcointalk about this.
The Estimated value in your Steemit wallet is an ESTIMATE. The estimated value of your STEEM Power is based on an average price of STEEM over 7 days. Therefore the estimate may not tally with the current market price of STEEM.
The actual value of your STEEM Power will be determined by the price of STEEM whenever you choose to power down/ sell it.
If you power down, you do not receive all your STEEM at once. You receive it in weekly installments over two years.
- So for example if you had 104 STEEM Power in your wallet and powered down, you'll receive 1 STEEM per week for the next two years. The price you can sell that 1 STEEM at will depend on the price of STEEM at the time you sell it. So this can fluctuate.
(Remember also that powering down your STEEM Power reduces your vote weighing and influence on the site, so be sure it's something you wish to do)
I appreciate that many of you know this. However there are a lot new people attracted to Steemit in the last week (welcome all!) and next week's Estimated value may get confusing given the recent sudden spike in the price of STEEM.
NB - if you have any questions just post it or ask on the slack channel: https://steem.slack.com. There are a lot of people around ready to help.
Happy Steeming!
This is a great answer. Thank you.
I tried joining the Slack channel but I need permission and there is no link for that.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're welcome, try steemit.chat - that is the slack equivalent for steemit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks 🙏 😎
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you own a mac and want to know the value of your steem holdings LIVE, check out my tool here: https://github.com/ZachC16/steemticker-osx
Here is the announcement post:
https://steemit.com/steem-project/@zcgolf16/project-announcement-steemticker-osx-a-simple-steem-price-ticker-for-osx-toolbar
And here is the latest update:
https://steemit.com/steem-project/@zcgolf16/steemticker-osx-a-simple-steem-price-ticker-for-osx-toolbar-version-14-change-log-major-changes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am new in steemit and I've been looking for an answer about estimated value. Thanks to you this post has clear all the cloud inside my head about this issue.
thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post! I'm not a newbie but I really liked the way you described it, It was easy to understand.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks this is really helpful
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey Do you know what the interest rate you get for steam power?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I didn't know that was how it worked. I really appreciate posts like this explaining all the exact details of how everything works. Thanks man!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the great post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So should I even check? I have no interest in powering down so....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post but maybe add some imagery for visual aid? :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much. That was perfect.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, I was wondering why my steem power estimate was only showing half the value I was expecting. Looks like I just got in at a good time!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So If I invested Bitcoin and bought let's say 1000 Steem Power. Then I have to wait 2 years to START getting it back? Then It would take another 1000 weeks to get my steem Power turned into Steem so that I could cash it out?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You could power down today and get your first installment of STEEM in 7 days time. You do not have to wait.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh OK I'm still learning this STEEM thing. I think I understand it now. I read somewhere you can only get back 1/104th a week. But I could start the withdrawal process whenever i want. I don't necessarily have to wait 2 years to start to start t withdraw correct? I just want to make sure I fully understand before investing. Thanks for your help.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sir tell me what is this ?? what is my steem dollars and am I going good or not ?? And one more question if you allow me ?? where does this earning goes I mean does steemit have a separate wallet for this ??
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit