Good day Steemian welcome to today's Steem price update for 18/7/2019 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 18/7/2019
Should you be trading with Steem today...?
Remember the new Steem rewards system will be taking over soon it is now on testnet and basically complete but the Steem INC team want more testing to be done which I'am all for it, but many are not happy with it's changes, some users are on edge with it's new system's coming into play for Hardfork 21. Are these changes related to the Steem price going down? Probably not but I did notice dips whenever more news on the update is announced. My biggest upset is possibly not being able to continue to reward you guy's as much with my votes as they will likely be useless with us moving out of linear.. well that is unless you already get a ton of upvotes then it should be fine. And so like this rewards for comments will probably also be non-existent which is a big shame, seems these aren't good changes for those who want to help support their good followers, to which I also wonder how will this benefit those wanting to do business using Steem? I don't think they will all want to spent time curating, and from what I can tell many are still confused as to how this change will make people want to keep their Steem power if they are getting less value for their stake. If you don't want to see these change's it's recommended you pick the right witnesses to vote on. 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 being $1.41. Firstly with Bitcoins they have recently been holding above the $9000 mark, the highest for Bitcoins on the latest upwave was beat on Jun 26th and that was at a value of $13829, there was a big pull-back but nothing that we didn't already expect but recovered within 3 days but now yesterday we saw another big pull-back and even today taking them down to $9350 after that there was alot of recovery Bitcoins went to $10611. Steem is trying to stay above $0.30 with it's overall crypto ranking position being at around #73 amongst all other cryptos. As you know we beat the January high marking our highest Steem value this year at $0.55. Yesterday Steem began at $0.26 and for today lower at $0.23 with a drop by ⏰00.50 to $0.22 which stayed until the upbump at ⏰04.00 to $0.23. Still early at ⏰07.45 Steem went up to $0.24 which didn't stay there long twice as at ⏰12.20 there was also another bump to $0.24 before falling to $0.22 and its third attempt at $0.24 which was at ⏰15.25 and managed to secure it, there was talk of Steem falling this low again but wow we are almost where we started at the beginning of this year, this is such a good opportunity for us, noticed yet your getting more SP rewards? While nothing much as happened with the Steem price for the year it seems Steem INC will be changing it's linear rewards model which is making many users ask what is the point of holding as much Steem power, this is a real shame as I hope those who are still in the game will take the opportunity to keep collecting Steem as right now we are in a seriously good place to grow our accounts the only problem is what if this becomes less important to users with the changes coming, but just remember as the price goes-up collecting actual Steem also becomes more difficult. Also with myself included the dolphin count keeps going up and up it was not long ago we had made just over 2000 total dolphins and with Steem falling again the number of dolphins keeps going up we now have over 2400. Things are going just as I expected when it comes to the wealth spreading, whales used to own about %86 of all shares on the system but lately would you believe that they only own %55! Now that may seem like horrid news but it's actually 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 even without changing the rewards curve. Hivemind and MIRA are live getting us out and away from survival mode, and in one example the "steemd" instance size's went from 488GB RAM to 61GB RAM. Ned said that after the cost reduction progress the creation of SMT's will be next but just don't expect it the have all the answers for getting the price of Steem higher plus the focus instead right now is getting hardfork 21 live. 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 "lower" pegged rate, I expected them to fall to a lower rate as with Steem going downwards but still compared to the value of Steem the SBD's are a decent trade. The Bitcoin movement is not helping and so SBD's began yesterday with $0.92 and as for today lower at $0.88.
Always do your own due diligence the above is only a opinion.
