A question I often get is why the Estimated Account Value in your wallet goes up and down.
The reason is pretty simple, it's based on a 3,5 average of the STEEM price.
So when STEEM price is $8 for 3,5 days then an account with 1000 STEEM is worth $8000.
When the STEEM price drops to $4 and stays there for 3,5 days your account value is now $4000.
The same goes for payouts on your post. That's why they fluctuate.
75% of a payout on a blog post is for you. So If you get a $100 payout. $75 is yours.
That $75 is divided into SP and SBD. The difference is that the SP is divided by the current STEEM price and the SBD is not.
37,5/$3 (current STEEM price) = 12.5 STEEMPOWER.
37,5 SBD = 37,5 x 1 dollar (worth of STEEM) = 12.5 STEEMPOWER
Total: 25 STEEMPOWER for this post.
But as you know the SBD is trading for much more than it should. So normally it should be the equivalent of 12,5 SP on this payout but it's worth 40 SP at the moment. 3x times as much!!
So instead of 25 STEEMPOWER for this post, you get 52,5 STEEMPOWER (12,5 + 40).
That fact alone should be worth blogging every day for because it's easy to see that with every blog post created way more SBD are created than STEEM.
The amount of SBD on the market will increase at a rapid pace and it's already happening. In the long run, this will lower the price.
Now that's one reason but there are more reasons to blog every day and I talk about those in my vlog.
388,000 new STEEM created last week, 930,000 STEEM powered up and 543,000 less liquid STEEM on the market.
Very good numbers.
@blockbrothers for the Steem blockchain. If you want to support us I would appreciate your vote here.Get it Here:
