Good day Steemian welcome to today's Steem price update for 22/6/2019 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 22/6/2019
Should you be trading with Steem today...?
Missed yesterday's report as I had the opportunity to set a meeting next week to see a old friend to hang out, I also thought I would miss today's as a friend invited me to a 21th birthday party but due to drama lol I managed to leave at a decent time. Not looking forward to starting work in the early mornings again next week with my impossible boss argh but atleast I managed to catch-up with the pile up of work. Also the new Steem rewards system will be taking over very soon it's now on testnet, many are not happy about this change it's putting users on edge with it's possible go ahead for the hardfork 21 update, if you don't want these change's it's recommended to pick the right witnesses. 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 $7700 mark, the highest for Bitcoins on the latest upwave which was beat on Jun 18th was at $9418, bitcoins had fallen under the $8000 mark not long ago but continued to recover over the last week so it come to no surprise that we saw another Bitcoins record for the year, this time going way over the $9000 mark but but today we continue to see Bitcoins record breaking again going to $11128. Steem is trying to stay above $0.40 with it's overall crypto ranking position being at around #64 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 lower at $0.38. A fall was suspected soon and to $0.38 seems about right but by ⏰02.30 recovery started and Steem was back at $0.39, it was going steady but at ⏰11.45 they had a quick fall to $0.38 but at ⏰14.30 Steem reached the $0.40 mark which stayed until ⏰15.40 going to $0.39 again but not without going to $0.41 first which was today's highest. Steem continues to try to hold on $0.40 but is still falling to $0.39. 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 "higher" pegged rate, still looks like we made it today but I don't see it holding on for long, the Bitcoin movement is not helping but atleast SBD's stopped going downwards. SBD's began yesterday with $1.01 and for today lower at $1.00 but as you know things started to change around and so SBD's began holding between $1.01 and $1.02 from ⏰02.15 there was the still the odd drop to $1.00 but at ⏰14.20 we saw the jump and took SBD's to $1.04 which was holding until ⏰15.40 going to $1.01. Between ⏰16.20 and ⏰18.35 SBD's had a hold on $1.03 it fell after and recently recovered to holding $1.03 and even going to $1.05 briefly.
Always do your own due diligence the above is only a opinion.
