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!