Good day Steemian welcome to today's Steem price update for 23/10/2019.
I have been posting the Steem price update since almost the very beginning of Steemit.com.
Many have came here to discuss the daily Steem price's and changes for over 3 years now.
I also want to mention incase your wondering that when something doesn't seem normal from the other regular "Price Updates" that the daily Steem price posts do occasionally change their format from time to time.
But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as it's important for your daily plan or strategy.
And even if you are not planing to do anything with your Steem I still recommend checking out these updates and so keeping an eye on the price.
So without further ado lets take a look at today's Daily Steem Price change for 23/10/2019.
Should you be trading with Steem today...?
Glad that crazy weekend is over, and I have now started getting my sleep pattern back to normality. Now I expect this coming weekend to also be a busy one and if lucky I will still get the price updates out. I have also been told that the following weekend after will also now be a busy one but this occasion it should only be for the one day either the Friday or Saturday and so should only miss out on the one day of posting. And so to make-up for the losses from the last 2 days and for the ones coming I have brought and added 40 SP to the account. It's October and like clock-work I start to get busier at work and along with other pesky things in life. Haha I'am beginning to really not enjoy October throughout until January due to always being busier around this time of the year. But to be honest last year was a little easier compared to previous years, I do hope this time it may also be slightly calmer and actually so far that seems to be the case. My hope is that on November things will be a little calmer going forward. Anyway a surprise for many was the Steem drop from now 23 days ago which in the end was due to Bitcoins also taking a fall and so the lowest for the year when it comes to the Steem price. While it seemed like Bitcoins have been slowly recovering they have been stuck between $7850 and $8350 since Spt 27th. But in the exchange's the cost of Steem as been very slowly going up. Well it atleast costs more compared to when we first dropped to $0.12. And so if Bitcoins does go back-up to $10.000 we could see perhaps Steem jump back to almost $0.20. The SBD price also dropped along with Steem and Bitcoins but this opens-up some nice opportunities to buy cheaper Steem, which you can still do as Bitcoin hasn't been this low since around June 15th.
Steemit INC continue to work on bringing SMT's and actually despite the extra hardfork22 related work the team are not far off schedule for it's release. Infact the testnet for SMT's is live. The already completed work for "Specific Voting" is done, which is a means of rewarding users with the desired SMT token of choice. This is a important coming feature, and while it's a needed feature it may make thing's even more confusing for new users. Also seems that "RC pools" are on their way, some Steemians are eagerly waiting for this as it could be a future good source of income. The RC pool's will most likely come with the release of SMT's. Steemit INC have been spending alot of their time on Platform Independent State Files which are great way for increasing the level of decentralisation in the ecosystem and another favourite of mine which is dramatically reducing the downtime on exchanges. See as with MIRA the databases were platform specific which I'am sure you can already see the potential problem with that, but with Platform Independent State Files it makes it easier to move databases into a format that is consistent across many if not all platforms. Also if your a business or interested in marketing and finding a community of active users thanks to Steemit INC and their advertising partner "BuySellAds" anyone who wants to purchase ad space on the steemit.com website may now do so. The good news is that because Steemit as been doing well with their advertisement campaign they didn't have a need to power-down in the previous month but we do suspect power-downs will continue as normal now. Still just the fact they were able to do this once is promising. This also means Steemit INC completed their transfer of 200,000 STEEM to Blocktrades for the purpose of building the Steem.DAO as they firstly wanted to observe it in action to ensure that it was sufficiently stable and safe for it's user-base. Blocktrades converted much of that STEEM into 25,000 SBD which was then deposited into the Steem.DAO, it's said Blocktrades will deposit the remaining 11,600 SBD sometime in the future. Steemit INC are also getting involved in burning-up their Steem, while I'am not a big fan of burning Steem just simply because it's a opportunity for someone else to own that Steem but I obviously realise we do have alot of extra Steem floating around because of the SBD conversions which could indeed do with some burning.
Always do your own due diligence the above is only a opinion.
Our Ship Is Now Dolphin Powered
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