Daily Steem Price Update 26/10/2019
Good day Steemian welcome to today's Steem price update for 26/10/2019.
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 26/10/2019.
Should you be trading with Steem today...?
Went to another event today and was once again faced with some disappointment, firstly some of the features promised were not present even with both the website and then later I also found a official guide book of the event stating that the features of the chosen show areas would be available. The next big downer about the event which could not be helped was the horrible weather, we had it ritually raining the WHOLE day. Now it's true that most of the event is inside but normally the large outside area is a place to chill, talk, listen to live music, get those photos with people and crab some food, etc. But nope it was cold, windy and raining to the point that we just couldn't bare to be outside. Still we made it to the end and I still get time to come on Steemit. I have also been told that the following weekend after will also be a busy one but for that occasion it should only be for the one day either the Friday or Saturday cant remember which day right now lol but atleast I should only miss out on the one day of posting. Yup it's October time and like clock-work I start to get busier at work along with other pesky things in life. I'am beginning to not really enjoy October throughout until January due to such things being all so close together. Still 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 so far that seems to be the case. My hope is that on November things will be a little calmer going forward till next year. Anyway a surprise for many was the Steem price drop from now 26 days ago which in the end was due to Bitcoins also taking a fall and so that made it 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 until Oct 23. Which Bitcoins had another fall but then recovered even going higher then what we have seen for over the last month. In the exchange's the cost of Steem had been very slowly going up atleast compared to when we first dropped to $0.12 well it's fallen back to $0.12 and so of course so did the selling price. 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.
NEW-STEEM continues.
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 as been live for 2 weeks. 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 the previous month but we do suspect power-downs to continue as normal. 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.
Source: picgifs.com
Our Ship Is Now Dolphin Powered
Source: giphy.com
-Steem Price-
https://steemit.com/steemit/@simonjay/daily-steem-price-update-30-9-2019
-Month 30 Of Steemit Monthly Reports-
https://steemit.com/steemit/@simonjay/month-30-steemit-monthly-report-15-3-2019
-I Have Powered-Up To Dolphin!-
https://steemit.com/life/@simonjay/powered-up-to-dolphin-22-3-2019
-Young And Now Disabled By Vaccine?-
https://steemit.com/familyprotection/@simonjay/young-and-disabled-by-vaccine-7-1-2019
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I thought it would go further, good bounce to 13.
