Good day Steemian welcome to today's Steem price update for 28/10/2019.
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 28/10/2019.
Should you be trading with Steem today...?
Yesterday was part 2 of the event and feel it was still a very packed event due to this time not having to face the disappointments of Saturday. We discovered that it firstly didn't include features which it promised on both the website and then later I also found a official guide book of the event stating that the features of the chosen show areas would be available but sadly that was not the case still on Sunday nothing was done to fix this execpt delete that information off the website. The next big downer on Saturday which could not of been helped was the horrible weather, it was literally raining the WHOLE day. Most of the event is inside but normally the large outside area is a place to chill, talk, listen to live music, get those photos with the people you wanted, and crab some food, etc. But nope it was cold, windy and raining to the point that we just couldn't bare to be outside. But Sunday was mostly sunny not very cold and many were outside enjoying the social part of the event. While it's been a very tiring weekend it was of course a ton of fun. I somehow made it to the end but feeling rough with a slight flu. I have also been told that the following weekend will also be a busy one but for that occasion it should only be for the one day either the Friday or Saturday, I cant remember which day right now lol but atleast I should only miss out on the one day of posting. Yup it's October and like clock-work I start to get busier at work along with other pesky things in life. I'am beginning to not really enjoy October throughout until January due to such things being all so close together. Still to be honest last year was a little easier compared to previous years, I do hope this time it may also be slightly calmer and so far that seems to be the case. My hope is that on November things will be a little calmer going forward till next year. Anyway a surprise for many was the Steem price drop from now 28 days ago which in the end was due to Bitcoins also taking a fall and so that made it the lowest for the year when it comes to the Steem price. Bitcoins had been slowly recovering and I believe it was on October 26th were it reached once again $10000 as they had been stuck between $7850 and $8350 since Spt 27th. In the exchange's the cost of Steem had been very slowly going up atleast compared to when we first dropped to $0.12 well it had fallen back to $0.12 and so of course so did the selling price but it is once again recovering. The SBD price also dropped along with Steem and Bitcoins but since it's recovery we have not seen a big change in price and so still some nice opportunities to buy cheap Steem.
NEW-STEEM continues.
Steemit INC continue to work on bringing SMT's and actually despite the extra hardfork22 related work the team are not far off schedule for it's release. Infact the testnet for SMT's as been live for 2 weeks. The already completed work for "Specific Voting" is done, which is a means of rewarding users with the desired SMT token of choice. "RC pools" are on their way, some Steemians are eagerly waiting for this as it could be a good future source of income. The RC pool's will most likely come with the release of SMT's. Steemit INC have been spending alot of their time on Platform Independent State Files which are great way for increasing the level of decentralisation in the ecosystem and another favourite of mine which is dramatically reducing the downtime on exchanges. See as with MIRA the databases were platform specific which I'am sure you can already see the potential problem with that, but with Platform Independent State Files it makes it easier to move databases into a format that is consistent across many if not all platforms. In the end what matters is whether or not information has been independently verified as just because code is executed by a decentralised network of machines does not mean you can always trust it. See as soft consensus is code that is stored on a distributed ledger "like Steem" and so this decentralises the code by 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 enables applications to take advantage of Steem’s high speed and fee-less transactions. 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. Because Steemit as been doing well with their advertisement campaign they didn't have a need to power-down the previous month but we do suspect power-downs to continue as normal. Still just the fact they were able to do this once is promising. This also means Steemit INC completed their transfer of 200,000 STEEM to Blocktrades for the purpose of building the Steem.DAO as they firstly wanted to observe it in action to ensure that it was sufficiently stable and safe for it's user-base. Blocktrades converted much of that STEEM into 25,000 SBD which was then deposited into the Steem.DAO, it's said Blocktrades will deposit the remaining 11,600 SBD sometime in the future. Steemit INC are also getting involved in burning-up their Steem, while I'am not a big fan of burning Steem just simply because it's a opportunity for someone else to own that Steem but I obviously realise we do have alot of extra Steem floating around because of the SBD conversions which could indeed do with some burning.
Always do your own due diligence the above is only a opinion.
Source: picgifs.com
Our Ship Is Now Dolphin Powered
Source: giphy.com
-Steem Price-
https://steemit.com/steemit/@simonjay/daily-steem-price-update-30-9-2019
-Month 30 Of Steemit Monthly Reports-
https://steemit.com/steemit/@simonjay/month-30-steemit-monthly-report-15-3-2019
-I Have Powered-Up To Dolphin!-
https://steemit.com/life/@simonjay/powered-up-to-dolphin-22-3-2019
-Young And Now Disabled By Vaccine?-
https://steemit.com/familyprotection/@simonjay/young-and-disabled-by-vaccine-7-1-2019
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