Why does the Dollar value of upvotes change after the vote has been made?

in #dollar6 years ago

Thomas is a big Steemit fan, but for a while, he had a hard time understanding one thing... why does the value of an upvote change after the vote has been made?

upvote value
After seven days, the value of your post will never change again!

Thomas is sometimes using voting-bots to give his articles more attention and a higher income. But, it was once when he paid for an upvote that he suddenly noticed that the upvote was worth 2,5 USD at first, and then the next time he watched, the value was only 2,40 USD. What happened? Why did the value of the upvote suddenly change?

Since then Thomas has also experienced the value change to a higher value. What is going on?

Thomas theory on the matter


There are for sure people in the Steemit community that knows this much better than Thomas but based on his studies, this is what you should know.

  1. The value can only change during the first 7 days (before payout). After that, the value will be stuck and never change again.
  2. The value of an upvote is based on the Steem price. In other words, if you get an upvote worth 2,5USD, but then the price of Steem drops within the coming minutes, hours, days, this will also impact the value of the upvote you received.
This is the answer Thomas gives to himself on this question. Have you asked the same question? Do you have the same answer, or do you have another answer to the same question?

Thank you for reading!


Posted from my blog with SteemPress : https://www.thethomasstories.com/why-does-the-dollar-value-of-upvotes-change-after-the-vote-has-been-made/

Sort:  

With the newest Hardfork that happened in September there is one other thing that effects the size of your post reward. The size of the reward pool also effects the size of your post payout. If a lot of curation is burned from posts across the block chain then the size of the rewards pool grows and your share also grows. If more votes get cast for other items on the block chain your items value can decrease a little as well.

Posted using Partiko Android

Thanks a lot for this extra information! :)

Congratulations @thethomasstories! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Award for the total payout received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemitBoard Ranking update - Steem Power, Followers and Following added

Support SteemitBoard's project! Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64386.10
ETH 3142.17
USDT 1.00
SBD 3.98