Good day Steemian welcome to today's Steem price update for 21/12/2019.
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 21/12/2019.
Should you be trading with Steem today...?
Congrts we reached the 7500 SP mark meaning we have the 2nd Dolphin badge. To celebrate I brought and powered-up another 10-SP to get us on our way to Double Dolphin. I have not powered-down once since starting Steemit 3 years ago so lets "lock-up" even more Steem and retain it's value with any extra upvote's to get us on our way to Double Dolphin at 10000 locked SP, this is appreciated thank you. Steem had been going up slightly until Nov 22th when it fell to $0.10 this marked the new lowest for Steem for the year and seems to be the fault of Bitcoin falling to around $6580 and with this it seems the Steem down trend could continue for another 2 months, we are also sticking between $0.12 and $0.14. But wow such a great opportunity to buy cheap Steem which for me is a problem right now. I'am not sure what is going-on but my payments keep getting declined by the service I use. I don't know if was the effect of an update on the exchange or my bank card. I contacted the exchange and learned the exchange had nothing to do with the issue I also found their customer service to be much more friendly and actually helpful than those who deal with the payments. So I contacted my bank to which they said there should be no reason for them to decline my payments. The woman from the bank investigated further. Even my bank were atleast trying to help me, the lady contacted me back saying they are trying to process the order but it's the company selling the crypto that are blocking the payments?! What kind of company blocks payments to their business then accuses their customer of being fraudulent without reason or refuse to solve the situation in-anyway. I had no choice but to try and search somewhere else for a solution to buy more Steem luckly I may have found a solution that for now will work. Anyway with Bitcoins I believe it was on October 26th when it reached $10000 as it had been mostly stuck between $7850 and $8350 but since then Bitcoins fell surprisingly fast to $6580! Since Nov 29th Bitcoins recovered somewhat and is seen mostly around $7300. The SBD price also dropped along with Steem and Bitcoins but since the Bitcoin recovery and fall we have not seen much change in the SBD price but at the moment it does seem to continue dropping slowly.
NEW-STEEM Bringing SMT's.
Steemit INC continue to work hard on bringing us SMT's and communities, the team are not far off it's scheduled release, it's development is now done. If your curious the whitepaper is still the most authoritative reference for understanding what SMTs can and can't do but it is also a very technical paper. That is why the best way to think of it all is like giving users the ability to create their own Steem-like-tokens. You can set a token's emissions rate for your SMT and also the emission rate's can change over time if specified in the formula. Remember that the formula is locked in consensus so you can’t change it once the SMT has been launched. There will be some things not included in version-1 of it's release but any needed or added changes could be integrated using your the tokens own Hardforks which can even include new features not even possible yet on the Steem Blockchain. You could recently test out Steem communities in the new Steem BETA that was open for everybody to test, but since then it seems it's passwords have been changed if you are in just please be aware anything you post on the BETA site will be posted on Steemit and unfortunately with some strict whales out there it's best to be careful. It's silly really testing I mean you want to test the site out and it's features yet you have to beware of some whales down-voting you. Also there as been many worries about people who got in first taking community names but this is not a problem as you will still be able to get the name you want for your community regardless of someone else already using that name. Steemit INC also placed Platform Independent State Files which is a great way for increasing the level of decentralisation and even dramatically reducing the downtime on the exchanges. With Platform Independent State Files it makes it easier to move databases into a format that is consistent across many platforms. What matters is whether or not information has been independently verified and we need this as just because code is executed by a decentralised network doesn't mean you can trust it. See as soft consensus is code that is stored on a distributed ledger "like say Steem" this decentralises the code enabling anyone to verify that it is indeed being executed properly. Like this Steem reduces the cost of Soft Consensus to a fraction of what it would be on any other chain which is great for applications. 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 also do so now. Steemit INC are also involved in the burning of Steem, as right now alot of extra Steem is floating around because of the SBD conversions, also some of the gained rewards goes towards the SteemDAO.
Always do your own due diligence the above is only a opinion.
