![sbd-visual.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1514312884/a6jc8rzqsc8ge3ze4qeg.png)

# Correctly Display the Estimated Account Value on Steemit.com
Due to the recent price increase of Steem Backed Dollars (SBDs) (at the time I took this screenshot it was at $9.13 USD), many Steemians choose to immediately trade their post's pay-out SBDs for Steem via the internal market. This common behavior is simply happening because the SBD is supposed to be pegged to the US Dollar, so currently it's 813% [ (($9.13 - $1.00) / $1.00) * 100% ] above the price where it's supposed to be at. Good times!

![sbd.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1514312898/uwzljkpvuelnlawrstmz.png)

However, since I'm doing the same thing I just described - trading SBD for Steem after a post pay-out - I noticed my "Estimated Account Value" is always going up after each SBD-to-Steem trade I do (which is strange). Now what's even stranger, is this: although (at the time of me writing this) the value of Steem is at $3.23 USD, meaning you would get about 2.82 Steem for every SBD you trade (or pay 0.353 SBD for 1 Steem), even if you would trade 1 SBD for 2 Steem right now, your Estimated Account Value still goes up, where in fact you would have traded at a loss and your Estimatd Account Value is supposed to go down!

### What is "wrong" with the Estimated Account Value metric?
If we look a bit closer at the Steemit info text below the Estmated Account Value, it says: _**"The estimated value is based on an average value of Steem in US Dollars"**_. So technically it shouldn't account - according to the text - for any SBD. Which is kind of odd, because any Steem account is also a wallet, so I argue it should correctly display its **entire** value.

However, I found that the Estimated Account Values **does** incorporate SBDs in its calculations, but at the wrong price!

### Proof of the Estimated Account Value problem
I took the liberty of quickly 'screendumping' the public wallets of 3 of my friends (well, technically @utopian-io is a community in itself but I'm sure @elear doesn't mind!): @umais , @utopian-io , and @cnts.

-a- @umais
@umais' wallet is interesting because he just sold all his liquid Steem and SBDs, therefore his wallet only contains 67.428 Steem locked up as Steem Power. The Estimated Account Value is showing a value of $217.79, and therefore at this time we can safely determine that 1 Steem is worth $217.79 / 67.428 = $3.2299 (~ $3.23).

![umais.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1514312912/gjd5bduyup0zxnad9p6a.png)

-b- @utopian-io
The @utopian-io wallet is also interesting because it only holds 0.651 SBD but 19,002.256 liquid Steem and 73,443.788 Steem Power, totaling as 92,446.044 Steem. The Estimated Account Value displays $298,601.37 and therefore (apart from the 0.651 SBD) apparently 1 Steem is worth $298,601.37 / 92,446.044 = $3.2300: same result as we've just calculated via @umais' wallet.

![utopian-io.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1514312924/l67tj5oejkxbqybnltt9.png)

Concluding: because both @umais and @utopian-io currently hold (almost) 0 SBD, their Estimated Account Value is displayed correctly.

-c- @cnts
The @cnts wallet however holds 52.291 + 33,479.238 + 1.432 = 33,529.961 Steem, which by itself should result in an Estimated Account Value of about 33,529.961 * $3.23 = $108,301.774 USD. However, the @cnts Estimated Account Value shows a toltal of $108,983.74 so there's a difference of $681.966. Now that's exactly the amount (well, the difference is $0.001) of SBDs the @cnts wallet holds! However, 1 SBD is worth $9.13 instead of $1.00!

![cnts.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1514312936/pmx1nlswvukw9cltxqlv.png)

Concluding: the Estimated Account Value text is wrong (it doesn't show only the value of the amount of Steem in the wallet) and the SBD price is also wrong (the system currently counts 1 SBD as $1.- USD).

### My suggestion to fix the Estimated Account Value

- change the text to "The estimated value is based on the average value of Steem and Steem Backed Dollars (SBD) this wallet owns, displayed in US dollars.", and
- correctly incorporate the actual average value of SBD instead of calculating 1 SBD as $1 USD,
- maybe add a BTC column next to all values on https://steemit.com/@ACCOUNT/transfers , to **also** display how many BTC (instead of only US Dollars) the account is worth.

<br /><hr/><em>Posted on <a href="https://utopian.io/utopian-io/@scipio/correctly-display-the-estimated-account-value-on-steemit-com">Utopian.io -  Rewarding Open Source Contributors</a></em><hr/>