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RE: Steemit - The Billion Dollar Social Media Giant Replacing Reddit & Facebook

in #steemit7 years ago

Thanks David, love your videos. I’ve learned a lot.
Was wondering if you or another user might answer my question as I am new to this platform.

  • If I bought 250 Steem Power 2 days ago, and today Steem price went up over 40%, how come my account value has not gone up in value? Does it take the system a day or so to recalculate account values based on the price of Steem? Does Steem Power not go up and down with the market price of Steem?
    I know Steem Power is a long term investment, but, if you can cash out Steem Power over a 13 week time period, and get Steem in return, isn’t the Steem Power essentially worth the equivalent value of Steem at any given moment?
    Any help is appreciated, cheers!