RE: CHAIN WALLETS - AN UNEXPECTED BLESSING DUE TO THE STEEMIT COMMUNITY

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CHAIN WALLETS - AN UNEXPECTED BLESSING DUE TO THE STEEMIT COMMUNITY

in steemit •  7 years ago 

Something is wrong here. I just upvoted this post and it actually took away one penny from the total. I noticed this happened on another post I upvoted also.
I like this post and am sorry I detracted from your total @papa-pepper

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It has nothing to do with you. The potential post payout is based on an average of the value of STEEM over the past seven days, as this value fluctuates, so do the potential post payouts.

The value of Steemit (a cryptocurrency) compared to US dollars (a fiat currency) goes up and down throughout the day because all over the world, people are constantly trading millions of dollars back and forth.

EXAMPLE
If somebody suddenly sells, say, a billion dollars worth of Bitcoins for a much lower than average price, everybody else will probably have to lower their cryptocurrency selling prices in response.

We minnows don't need to worry about such things.