Daily Steem Price Update 8/2/2019

in #steemit5 years ago

Good day Steemian welcome to today's Steem price update for 8/2/2019 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 prices and changes for just over 2 years now.

I also want to mention just incase your thinking something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do slightly change 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 its important for your daily plan or strategy and honestly even if you are not planing to do anything with your Steem I still recommend checking out these updates and keeping an eye on the price, so without further ado lets take a look at today's Daily Steem Price Change for 8/2/2019

Should you be trading with Steem today..


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It seems that when it comes to the Steem INC and it's power down's Ned said there will be a cap on how far they go, which is what I expected to happen, and while this is a big relief for many Steemians it's a huge disappointment for those who wanted to buy-in on the cheap, but that is not to say you might not still get a chance for the Steem price to lower as basically the powerdown's still continue. As for Bitcoin's part it was interesting how the previous fall's show Steem being barely affected but now that seems to have caught-up along with the news of some other exchange's having problems leading-up to this now lower Steem price, the January high of $0.43 remains the best value for this year. We also had our first February Bitcoin downwave on the 6th but today that downwave as got completely destroyed as Bitcoin goes from $3352 to $3663 at ⏰16.55. If you remember the first downwave this month took Bitcoins from $3433 down to $3355 well we have just gone way past that $3433 mark and not only that but Bitcoins as been hanging around $3415 since the 1st of February so they have crushed that mark also. Still Steem started February in a better position than when we started the new year, well just about..as we were getting into the same position. So yea 2 days ago Steem fell back to $0.26 and it stayed quiet till yesterday at ⏰10.05 making it very easy to purchase cheap Steem, it was definitely the best day so far in February to buy-in easy. As for the rest of yesterday Steem had already been very slowly going upwards it was hard to tell as it did fall a few more times to $0.26 again but it was going upwards. And this was definitely confirmed by today's results hitting $0.29, up to about ⏰09.00. There wasn't even much of a indication that Steem would continue upwards but by ⏰09.20 Steem reached $0.28 which was not too surprising and by ⏰11.40 it reached $0.29 it almost seemed like the $0.30 mark would of been possible today but it didn't happen. Steem did fall to $0.28 again after at ⏰1210 but as we know it recovered. Remember you can still take the risk on waiting for the possibility that one of Steemit INC's powerdowns will lower the price enough to buy cheaper, but be weary of this as there is no longer the need to panic as Steemit INC will be capping their powerdowns as now we know how Steemit-INC are handling this move. This whole thing was important because that account held around 44 million Steem. If nothing much happens in 2019 then I hope those who are in the game will take the opportunity to keep collecting Steem especially if the Steemit account continues to power down a little further. Steem at these low prices and with the Steem power-downs it places us on a survival mode era basically Bitcoin dropped drastically forcing Steem's value to tank causing Steem-INC staff reductions, a possible threat to the website and the Steemit's account security. The conclusion is to cut down the costs of nodes. Hivemind is now live the "steemd" instance size's went from 488GB RAM to now shockingly 61GB RAM! Focus is on a multi index RocksDB adapter which is a new technology in development to allow the Steem blockchain nodes to store almost all of it's necessary data to a disk in a modern database instead of RAM, this move will make nodes cheaper. Ned also said that the cost reduction progress will still remain above the creation of SMT's which I feel is the right move. Also nodes continue to run well on hivemind and which it was only made possible thanks to AppBase. With SBD's yesterday we honestly didn't expect to see them reach $0.92 nor did it happen but I was surprising to see just how darn close it was as SBD's reached $0.91 at ⏰10.45 yea but SBD's were abit all over the place as we started at $0.84 which is roughly where I expected to finish for the day but it bounced about alot as I said to $0.91 and was also at $0.88. I started to think because of Steem going up it will probably finish at around $0.88 but no in the end it done what I initially expected and landed on $0.85. And so today SBD's started at $0.85 bumping a few times to $0.86 but at ⏰05.45 we start to see a increase it took till ⏰06.50 to see SBD's reached $0.87. This continued till ⏰10.40 and quickly taking us to $0.89..yes that magic number we keep seeing lately. But we also saw another magic number at ⏰12.05 we hit $0.92 again. We also got to see a new number taking us higher at ⏰14.05 to $0.93 I don't think we have been SBD's that high since Jan 27th. Regardless after reaching $0.93 it fell back to $0.88 we than saw $0.93 again briefly and not so surprising we landed on $0.89...lol.

Always do your own due diligence the above is only a opinion.




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https://steemit.com/steemit/@simonjay/daily-steem-price-update-31-12-2018

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https://steemit.com/steemit/@simonjay/month-26-steemit-monthly-report-20-11-2018

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https://steemit.com/news/@simonjay/2018-the-media-wants-you-to-believe-in

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https://steemit.com/familyprotection/@simonjay/young-and-disabled-by-vaccine-7-1-2019


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Thanks for posting the update

Hello good evening @jkenny so that Bitcoin downwave on the 6th that downwaved as got completely destroyed as Bitcoin goes from $3352 to $3663 at ⏰16.55 and Steem goes to $0.29.

Magic numbers...HaHa! I see my magic double greens. LOL!

SBD's seem to love landing on $0.89 and $0.92 lately... and double green surprised to see it at $0.29 so quickly but that was thanks to Bitcoin.

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