I have noticed lately that some posts get lots of upvotes or just soar in $$$ amount but then at the moment of payout they tank or go to less than half of what the post was at?
Example: I had a post that went to $589 and when it hit the moment of payout for the post..... 3.....2.....1....
$422.00
I've seen this happen on lots of posts and was hoping someone could explain this as maybe other people are wondering too... It would be nice to kill 2 birds with 1 stone and answer it for myself and for anyone else that may be wondering...
Is it because it is at Steem value and then converts to Steem Dollars or some kind of explanation like that?
I've heard some people say that people can redact their votes, and I know this.... but that would not explain why at the exact second of payout the posts usually tank in value. I hope this helps someone else who is wondering the same thing as well!
Thanks everyone!
Before the payout, the $ amount is the total split between the author and the curators. Once payout occurs, only the amount that was paid to the author is displayed. The author gets some where around 75% of what is displayed before the payout, and the curators (people who up-voted the post early) get the rest split up amongst themselves. Additionally, the author gets paid 50/50 between Steem Dolllars and Steem Power.
This actually makes perfect sense now and this is exactly how it's happened with each post I've had... thanks @veryscience!
I've noticed that too. Really frustrating. Can't just be exchange fluctuations and the post doesn't seem to have been flagged. So it's all a bit of a mystery.
I think @veryscience explained it perfectly... it was just ignorance on my part.
There are a couple of factors:
The comments and votes do not TAKE money from you. They are included in the estimated value. So without those comments and votes your value would be less. In fact, more comments that attracts interest and high value votes increases the chance you will make more.
When it cashes out it locks the price relative to the steem currency value at the time and after paying out the comments, and votes (curators).
At least that is how I think it works... anyone feel free to correct me.
That's correct 👍
Sorry I don't know the percentage, I am still new to the platform
I know what you talking about...but, it was a lot worse for me. I had a post go up to $400 then right after payout I only received $43... Which makes me think that the curators with high reputations get most of the money.
You get paid in portions
I know what it is. It's the fucking Russians again. First they hit the Democrats and now steemit. NO ONE IS SAFE!!!!!!!
It could be a glitch?