Hey Steemians..
Preface
Crypto Portfolio has become our oxygen these days. Gone are the days when we used to wake up and check our missed calls and messages immediately. Now the first thing we do, is check our portfolio to see where we are going. The beauty of cryptocurrency is that it never sleeps. The trading goes on 24/7/365 around the world.
Steem Portfolio
I believe it is safe to say that most steemians like to keep their Steem and SBDs in their Steemit wallet unless they want to trade it for other cryptos on exchanges. While many of us have some amount of SP, Steem and SBD, the best way to get an estimate about how much our account is worth in fiat is to check the Estimated Account Value in steemit wallet.
What if I Told You That Your Account is Worth More Than That?
You wouldn't believe. Right? But here is the truth. Yes.. your account value is way more than what is being shown on your "Estimated Account Value" option in Steemit Wallet (at least right now it is).
How Is That Possible?
Before I jump into "How" part, let me explain the two types of cryptos you are dealing with on steemit and how are they being shown on your steemit wallet.
1. Steem
Both Steem Power and Steem come under the umbrella of Steem. There is no difference between these two when it comes to their "value in USD". So for all purposes, I will term both of them simply as Steem. Now, you own certain amount of steem in your account. So how does the account calculates your estimated value in US dollars?
By taking a 7 day average of steem value in crypto market.
Now imagine steem being traded in crypto market @ 1$ seven days ago, @ 1$ six days ago, @ 2$ five days ago, @ 2$ four days ago, @ 3$ three days ago, @ 3.5$ two days ago, @ 3$ 1 day ago and currently being traded at 4$.
So by taking the average of all these values:-
1+1+2+2+3+3.5+3+4 / 7
= 19.5 / 7
= 2.78 $
So if your account has 100 Steem, your account's estimated value in terms of steem will be calculated as 100 * 2.78 $ = 278 US Dollars
But that not true. Is it? because if steem is currently being traded at, lets say, 4$, and you decide to sell 100 steems, you will get somewhere around 400 $ for that.
Please note that I took these steem values for the past 7 days as an example and for simplicity and by no means are true values of Steem for the past 7 days.
Now coming towards SBDs...
2. SBDs
In addition to having Steem, you also have SBDs in your account. Now there is a big biggg twist in this. The SBDs in Steem blockchain are always supposed to have 1$ value (Doesn't matter if they are being traded @ 100 $ in crypto market).
So if you have 10 SBDs in your account, then your estimated worth in terms of SBDs will be simply 10 * 1 = 10 US Dollars
But again, thats not true. Since we all know that SBDs have been flying way above 1$ in crypto market for sometime now. So if they are currently being traded @ 7$, so your actual worth in terms of SBDs would be 10*7 = 70 US Dollars.
Coming towards Estimated Account Value in Steemit Wallet
Your overall estimated account value on your steemit is calculated by:-
{(Total Steem + SP) * 7 day average value of Steem} + (SBDs * 1$) = Estimated Account value
If I keep the values intact as per above mentioned example i.e. 100 Steem holdings, 10 SBDs holding along with values of Steem and SBDs, then your Estimated account value as per formulae is:-
100 * 2.78$ + 10 * 1 = 278 + 10 = 279 US Dollars
But if steem is being currently traded at, lets say, 4$ and SBD at 7$ then your actual account worth will be :-
100 * 4 + 10 * 7 = 400 + 70 = 470 US Dollars
GREAT.. ISN'T IT?
Conclusion
I have written his guide so that my dear steemians can know the actual worth of their accounts. Of course, it can go other way round too. For instance if Steem price starts to fall down, then your estimated worth in terms of Steem will be shown more than what it actually would be (because of 7 day average).
But since things are looking upward as far as Steem and SBD prices are concerned, hence currently, your Estimated Account Values are worth heck of a lot more than what is being shown in your wallets right now.
I hope my post will bring smiles on your faces ;)
Kindly consider to Upvote, Resteem and Follow. If you have any questions or if you would like to correct me, please leave a comment on this post.
Best Regards
JBN