Good day Steemian welcome to today's Steem price update for 16/6/2019 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 just over 2 years now.
I also want to mention just incase your wondering when perhaps something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do occasionally change it's 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 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 16/6/2019
Should you be trading with Steem today...?
Please remember post's have been a little on and off, this was while I visit my father I still tried to continue and make them daily and I believe I only missed a few. Well I have now returned home and hope it will be easier to post daily again I had a safe journey back but exhausted. I have to admit I'am not looking forward to starting work early again tomorrow but atleast I don't have a full day's shift. Plus all this talk of Steem's new possible reward system as many on edge. On March 10th Steem reached it's highest for the year at $0.55 and also on March SBD's had their breakout on the 13th, their highest was $1.41. With Bitcoins they have recently been holding above the $7400 mark, the highest for Bitcoins on the latest upwave which was beat on May 27th was at $8920, recently bitcoins had fallen under the $8000 mark and continued to recover over the last few days and it come to no surprise that today we saw another Bitcoins record for the year going way over the $9000 mark at $9374! Steem is trying to stay above $0.35 with it's overall ranking position being at around #61 amongst all other cryptos. As you know we beat the January high marking our highest value at $0.55. Yesterday Steem began at $0.40 and for today also we started at $0.40 this was expected from yesterdays very solid hold on the $0.40 mark. Today was similar with movement only starting from ⏰08.00 with a quick bump to $0.42 it then continued to bounce between $0.41 and $0.42 until ⏰12.15 at this point it stayed mostly at $0.41 with a few falls back to $0.40. If nothing much happens for Steem in 2019 then I hope those who are still in the game will take the opportunity to keep collecting because right now we are in a seriously good place to grow our accounts, remember as the price goes up collecting actual Steem becomes more difficult and the price as indeed gone up from when the year first started. Steem is doing better then you may realise, in BTC value Steem made its way to a possible new all-time low but if you look back and have been here as long as me the lowest Steem has ever been was at $5800 BTC which was way back in March 2017 if you look now BTC was somewhere around the $6250 mark.. and so last time at $5800 BTC Steem was worth $0.07 but look now around $6250 BTC it's was worth about $0.34! Also with myself included in the dolphin count we have a total of 2000 dolphins and things are going just as I thought when it comes to wealth spreading, whales used to own about %86 of all shares on the system but as for today would you believe that they only own %55! Now that may seem like horrid news but it's really not! Because if we look at say Dolphins just over 2 years ago we owned only %4 and now we own %13, basically the wealth is spreading. Anyway no longer in survival mode the conclusion from all of that was to continue cutting costs, Hivemind is live, the "steemd" instance size's went from 488GB RAM to 61GB RAM. Focus is on MIRA and it's soft launch a new technology 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 said that after the cost reduction progress the creation of SMT's will be next but just dont expect it the have all the answers on getting the price higher. If you have returned recently to Steemit please be aware that there as been a wallet split to your account so please have your keys backed-up, yes ALL of them and don't use your masterkey to log into Steemit.com instead use your posting key, remember that when you click on your wallet you will be directed to a completely different website which should be "steemitwallet.com" please don't worry as this website is safe and part of Steemit.com. For SBD's if you remember they broke record on March 13th reaching $1.41 and are currently on a "average" pegged rate, still hoping that we are close to getting SBD's around to $1.05 but at the moment it seems to be stayed a little solid like Steem perhamps the Bitcoins movement will get them higher slightly. SBD's began yesterday with $1.02 and for today at $1.03 but this didn't hold at all SBD's mostly stayed at the $1.02 mark falling a few times to $1.01 this continued until ⏰07.55 like Steem it went upwards to firstly $1.05 and then at ⏰08.25 SBD's hit $1.08. That would of been just fine if it stayed but was back to $1.03 by ⏰10.00 where it averaged, there was bump at ⏰11.40 going to $1.05 which would of been a good hold also.
Always do your own due diligence the above is only a opinion.
