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RE: Why would I lose over $100 in Bitcoin converting to Steempower

in #steempower • 8 years ago

The exchange rates vary. They may be using something else to price the steem and likewise the bitcoin may be priced differently... For example I use bitstamp.net and many others may use something else and there are some differences.

Check Coinmarketcap.com and do the math and see if it gives you a similar number or the 166 steem for 1 btc?

8 years ago in #steempower by
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     8 years ago  

    I get $653/$3.71 = 176 Steem according to coinmarketcap.com

    I think its close enough, again depends on what exchanges they are pricing steem and btc.

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     8 years ago  

    Wouldn't they go by what the price is on their buy and sell page? Right now it's at 3.40. 2 days ago steem was at 2.97 on their page and Bitcoin was like $666 and it was well over $100 usd difference.