RE: Quick Question, Steemians - Estimated Account Value by terrybrock

Viewing a response to: @shenanigator/re-terrybrock-quick-question-steemians-estimated-account-value-20170610t170052748z

steem · @terrybrock · Jun 10 '17

Thank you, shenanigator. Does that mean that we could take the estimated value to an exchange to get bitcoin?

👍 rhoger, stevemack

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@shenanigator · Jun 10 '17 (edited)

Yes, but if your account value is in the form of Steem Power, you have to "power down" before you can exchange it for Bitcoin. When powering down, each week you'll get 1/13 of it each week for 13 weeks. 

If you have 1,300 Steem Power and you power down, you'll get 13 payments of 100 Steem each, starting 7 days after clicking power down. If Steem is priced at $2.50, you could sell each power down for $250 in Bitcoin.

👍 frankbacon, rhoger, producerbtw, adamlab, abir20129

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@terrybrock · Jun 10 '17

Now, it starts to make sense! Thank you, shenanigator! That makes sense. 

For now, I want to power up and build more value into Steem. I will keep that in mind. 

Mucho appreciated, my friend!

👍 abir20129

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@shenanigator · Jun 10 '17

De nada, mi amigo.

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