I notice everytime my steem power 'powers down' my value of steem keeps decreasing. One minute it is the price of steem then it is another decrease when withdrawling or powering down, Steemit what the hell!
My value at the beginning was about $300 now it is about $100, im feeling like I am being rob without steemit pointing a gun at me. As far as the price of sttem or sbd dropping I understand however I am sure I was not suppose to loose value while powering down.
I'll try to explain it simply.
If you have 150 steem power and power it down you get 150 steem.
If steem is worth $2 each when you start powering down and worth $1 each when you finish powering down, it's irrelevant, you powered down 150 steem. Prices change, that's all crypto and currencies in general. Just because you start a power down when steem is worth $2 each doesn't mean the rest of the world won't continue to change the value of steem while you are powering down. We all continue to do our transactions and you still have your same amount of steem. If steem had become more valuable while you powered down your total would have increased. It's a simple supply and demand economy.
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So thats what it is, I hate when that happens though because when I exchange my steeem I only get back 1/4 of the amount that I had spent investing on steemit while buying steem power. I should had never got back $60 out of 2 weeks.
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Agreed it is basically the price flux in the market of STEEM the USD value of your account is just simply a snapshot like a brokerage statement would be quoting the prices at that time.
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It looks like your account is back up to $171.09, perhaps it was the price drop as of recently recovering a bit. I would track the number of STEEM, SP and STEEM Dollars you actually have and check exchanges such as bittrex to determine the actual value of your account.
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One minute it goes up then goes back down .
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Oh, so that is what you were complaining about early ago, I just got though joining this thanks to you but im not going to give my hopes up on this. I still want to see what this does.
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