I'm pretty sure that's an average of all price fluctuations over a week long period. Could be wrong though, don't quote me on that. Anyone know better?
It's due to the exchange rate changing. The estimated value you see is based on the average exchange rate over the last 7 days. It will fluctuate over time, and as Steem is still a young currency you can expect it to jump around quite a bit
If the price goes down then your value will go down. @joshbreslauer is correct, the price evaluation is based on a 7 day average. So you can gain steem, but that won't mean you are gaining USD at the same time.
Hello fellow steemir I just wanted only to ask about this account value what if I have $16. How to Transfer this to steem dollar? please need your help badly :( WHY i DONT HAVE ANY STEEM DOLLAR THIS IS BECAUSE i DONT HAVE ENOUGH AMOUNT RIGHT?
It's based on the current price of STEEM.
http://coinmarketcap.com
I'm pretty sure that's an average of all price fluctuations over a week long period. Could be wrong though, don't quote me on that. Anyone know better?
right.
It is based on the avarage price of steem over last 7 days.
Thank you for explaining...
It's due to the exchange rate changing. The estimated value you see is based on the average exchange rate over the last 7 days. It will fluctuate over time, and as Steem is still a young currency you can expect it to jump around quite a bit
So is this very similar to your estimated revenue on YouTube?
If the price goes down then your value will go down. @joshbreslauer is correct, the price evaluation is based on a 7 day average. So you can gain steem, but that won't mean you are gaining USD at the same time.
Thanks for posting this I am just getting started and was wondering why my value went down too.
Thanks for asking this question I was confused as well. How it works good to see the community is fast to act and explain.
Hello fellow steemir I just wanted only to ask about this account value what if I have $16. How to Transfer this to steem dollar? please need your help badly :( WHY i DONT HAVE ANY STEEM DOLLAR THIS IS BECAUSE i DONT HAVE ENOUGH AMOUNT RIGHT?