Please keep this post at the top since I suspect that others are also having issues with this. I had a friend who sent 3 bitcoins to buy steam power. Those three bitcoins ( 3*650BTCUSD) are worth $1950 dollars.
When he looked at the balance as depicted on the wallet screen. Something is wrong and it's not calculating it properly. I am at a loss in trying to explain this to him. So it's either that or he just lost $900 worth of value buying steem power. Does anybody have an explanation for this? I think a lot of people buying steempower with bitcoins are having this issue.
Please upvote this post, so that I don't have to keep writing about this.
Thanks
7 day moving average to prevent market manipulation
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when i power down, which value is taken? Can I lost potential income if I will power down in wrong moment?
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thanks cryptoctopus, that makes more sense.
Full $TEEM ahead
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same here
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I was wondering the same Dam thing, except that I haven't had to time to read about it until seeing this. Someone with some brains please let us know. thanks.
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that price is the estimated price at current market value (it uses aggregators I believe) - has the value dropped since he bought his Steem?
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It is clearly not estimated based on current market value. If it was then, the current market value ( 4*1660) =6640 dollars. Something about this is not making sense. It's also not based on 7 day moving average because , in the last 4 days the price has been more than 2 dollars, so let's assume 9 /7 = >1.28. The 7 day moving average is definitely greater than 1. So by that calculation, this number should have been at least 1 x 1660 = 1660. So again, none of these explanations here are making any sense. So there is another true answer. Find out what the reason is behind this guys.
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