Daily Steem Price Update 28/2/2023
Good day Steemian and welcome to today's Steem price update for 28/2/2023.
I have been posting the Steem price update since almost the very beginning of Steemit.com back in 2016 along with other content.
Many have came here to discuss the daily Steem price's and recent STEEM changes for over 6 years.
If you tire of addictively looking at the charts every few minutes then instead just relax and look here for the average STEEM price for your daily plan or strategy.
And even if you are not planning to do anything with your STEEM I still recommend checking out these updates every so often.
So without further ado lets take a look at today's Daily Steem Price for 28/2/2023.
Should you be trading with STEEM today...?
(Images By: @simonjay)
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Feb 2023 we previously had a big fall that took Steem down to $0.14 and with such a fall this helped us with collecting more Steem for our main goal this year. In 2023 what we are aiming for is to finally reach Orca or in other words this means holding a total of 50k Steem Power. Since then the price as gone up in the general market this includes Steem, a good sign yes but not for reaching our goal haha. However this doesn't matter as the point of us trying to reach our 50k goal is to secure and raise the price of Steem which is still selling at a accessible price for many folks. Steem and the general market is being often predicted of falling again soon at the beginning of March however what isn't going at a good rate is our average electrical usage charge. These greedy energy companies just don't stop milking people and this cuts into investment, many things have gone up in price. The new year didn't bring much better with the weather being colder and the cost of living spiralling upwards hitting hard. Many are left wondering when will it all get better? The bad news is most likely it won't, I mean it never as before so why do people continue to think there will be a reverse on these costs. Back in January I saw news articles asking the same question but later claiming that as we go deeper into the year the cost of living will go down. More articles since then claim the same scenario, well I don't ever remember hearing or ever seeing the costs going down, it always goes up, so good luck with that. Apparently the reasoning for all this is the war in Ukraine, but honestly if that's the case we must be literally getting almost every single thing from 2 very specific countries. The on-going war is a terrible moment in our history as Vladimir's army doesn't stall at the boarder, they instead attack, strike up fear, call treats and cast sadness into the lives of many. A war that if we are not too careful could just be what spells the beginning of the end. Best keep an eye on those politicians and refuse war at all costs, as continued provocation is on-going "we do NOT want WW3" but perhaps to stop that it may be already much too late.
I didn't expect this year on being much better, people just seem to be getting worse, losing themselves more and more doing horrendous things to each other, those in control up top are no better and also responsible for much of the hardship happening. Last night I went to sleep earlier than usual this was very much needed as on that morning I was up very early for work. When it came to this morning I woke-up before my alarm but still tried to rest until it was time to wake-up. This alarm was set for a later time compared to yesterday and normally I rest for longer after the alarm but this time I was ready to get started for the day. It wasn't exactly a bright morning nor was it comfortable as it was still cold. I started by getting chores done and logging on Steemit I still had work later so tried to get as much done from the stuff I was behind on. Most of this got done giving me a little extra time to look at some options for how to get hold of some crypto. As the day went on it got dark quickly, there was no rain but it continued to be be cold. I left for work expected it to be colder out but still rushed to work with hope of getting warm. Thankfully the heating was fully on, I was doing the usual today with the extra work. That didn't bother me much until later as I was initially told I was going to get some help for getting the extra work done. Well that never really came until like the last 15 minutes, which without that help I don't think it would of got done. I admit I was annoyed they didn't send anyone sooner, well I'm pretty sure they done it on purpose to get the most they could out of me. After work I decided to go pick up a air fryer for the family as it seems they had a special deal going on, not only was it cheaper than what most other places were selling it for but was very surprised when I scanned it to pay they knocked off a few more. After that I headed home for the day it was already night time and while I didn't feel cold outside I'm sure later on it will be freezing. The "dreaded" work meeting in the end wasn't so bad, especially when it starts with a ton of free pizza and drink. As for the actual meeting yes it was actually a lot better than usual "and I'm not referring to the free pizza here" but it was actually straight to the point but also not rushed. It was still a very typical meeting but refreshing and so much better to understand what they wanted us to learn and understand. They started by showing us some key metrics of the business, and out of about 15 or so items we was only behind on two. And since the results were mostly all positive it was announced that they are pretty sure "about 95%" that the business will run for at least another 2 to 3 years. Hopefully this will be the case and that was the main thing I wanted to know from the meeting. I was very happy to hear that it was looking very positive, well at least for a little longer. After that they talked about some system changes which "aren't great" well I think in most of my fellow colleagues eyes we see it as a step backwards, but what do we know eh. Next they talked about things they want us to improve on and the usual complaining section which actually wasn't that bad and I feel mostly fair. There was no silly games or exercises which was great as those are almost always pointless and dumb, again it was very straight to the point which is what we need so we can understand things better. They finished the meeting by giving out the usual silly prizes, this part is usually pretty boring because there is a small select set of people who usually win almost everything. However I was shocked that this year I won the 2nd from top prize. While that was very unexpected and I guess nice I however valued a lot more learning that we are very much on track for having a job come this Christmas. It was reported that it was going to get much colder again in this last week of February and they haven't been totally wrong, however we didn't get the snow bomb they mentioned, neither did we get the snow bomb the last time they mentioned it..
As for Steem there as been a few changes when it comes to the Steemit Team and it's booming support, communities have been separated into different tiers, there are so far 3 different tiers which means there is more opportunity for other communities to take part. There were nearly 30 communities putting themselves forward in the hope of getting booming support from the team and due to the extra tiers it seems all communities that applied have been excepted. You can check out these communities for yourself at Booming Support Communities Booming Support Communities. Steem took a big fall ever since the bitcoin downwave from 60k this sadly also took down the value of SBD's, however it had done a good job at holding around that important $3 mark for many months. My hope is now SBD's can once again secure this value for when Steem does eventually go back up again and so far it's looking healthy to be doing just that. What I like about Steem is it still offers so much opportunity for those investors who realise the enrichment that comes from holding such a token. In one way I wanted the crypto market to remain on the lower end for a while longer, this is to try and get some discounts on various cryptos and in turn hopefully getting a small ROI with Steem. As for TRX there was also a drop in price, there was also a halt in receiving these TRX rewards for a few months. I believe that the issue maybe resolved now however we probably receive TRX rewards less often, perhaps only when reaching a certain amount like for example 30 TRX in order to put less strain on the system? There is also much talk of the government bringing out it's own digital currency this is something many had predicted years ago and in 2025 they are going to try and put it forward with a release expected in 2030 but it wouldn't surprise me if this happens even sooner. They have also announced that they are blocking many people now from being able to buy crypto via their banks because crypto is volatile??.. LocalBitcoins as very sadly announced it's fall after a decade of service, in the statement it's said this is due to the crypto winter market but the real culprits are likely the authorities as there sure seems to be a lot of services falling due to draconian rules, it looks like Binance is being another target. Also the International Monetary Fund has been urging countries not to adopt cryptocurrencies as legal tender due to their higher risk of instability which sounds like a poor excuse. They have previously criticised El Salvador’s move to become the world’s first country to adopt bitcoin as legal tender, but this idea has since then also been copied by the Central African Republic.
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