I have lost 18% off the value of my posts in the last 24 hours. My overall account value is also down by the same margin. Does anyone know what's happening? Is there any chance of a recovery soon? I know Steemit value can go up or down but it's just so disheartening to see your once nicely valued work being devalued hourly.
Steemit has proven to be an inspring platform for the creation and sharing of content. I'm firmly with it and will support it no matter what. It's just that I've never seen this level of devaluation.
Can anyone shed any light on the matter?
I would guess that this is profit taking, or even loss recovery. If you bought high before and then t went down, now that the price is up you can finally pull some of the investment back out without losses. And others see they made a good amount of money and so now they want to spend it.
The price of steem (in terms of personal stress) matters less when you get it from mining, and more when you paid for it.
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Hi trevor, whoah! I'm not quite sure I follow all of that but thanks for attempting an explanation.
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Wow, me too! All of my post payouts in the last 24 are really bad and are dropping.
It's nice to know that it doesn't only happen to me!
Upvoted & Followed you as well.
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Hi laz, it is a bit worrying isn't it and yes don't worry it isn't just happening to you!
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Yeah, but remember that before a few days all the post payouts were climbing higher? I think it will change soon :)
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The price of steem went from over $1.25 clear down to around $0.80. It has recovered some. The payouts are based on an average steem price over a few days. That steep drop days ago is just now starting to show up in the payouts.
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