Good day Steemian welcome to today's Steem price update for 28/6/2019 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 28/6/2019
Should you be trading with Steem today...?
I missed a recent report as I had the opportunity to set-up a meeting to see a old friend what a great blast from the past it was and we hope to meet again soon when he returns from he's next trip up-country. Recently began some of my very early shift start's with the horrid boss who I heard may have already demoted 2 staff members since returning back this monday from he's holiday gee. Basically a colleague as gone on holiday and so I must cover her shifts argh. 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 and most likely go ahead for the Steem hardfork 21 update, if you don't want to see these change's it's recommended you pick the right witnesses to vote on. My biggest upset is not being able to continue to reward you guy's with my votes anymore as they will likely be useless with us moving out of linear and so rewards for comments will be non-existent which is a big shame, it seems these aren't good changes that help users support their good followers, I also wonder how will this benefits people wanting to do business on with Steem. 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 $8100 mark, the highest for Bitcoins on the latest upwave was beat on Jun 26th that was at $13829, yesterday there was a big pull-back nothing that we didn't already expect, Bitcoins had been going downwards all day putting them at around $10820 today the recovery works quickly seeing Bitcoins at $12348 as it's been going upwards all day. Steem is trying to stay above $0.40 with it's overall crypto ranking position being at around #66 amongst all other cryptos. As you know we beat the January high marking our highest value at $0.55. Yesterday Steem began at $0.41 and for today lower at $0.36 quickly moving to $0.37 by ⏰00.10 Steem continued this between $0.36 and $0.37 until a drop at ⏰04.15 to $0.35 this drop was the lowest for today and happened 3 times the last being at ⏰06.35 from there Steem went back to $0.37 at ⏰09.55 which became Steem's average for the day. While nothing much as happened with the Steem price for the year there is talk of changing it's linear reward 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, which if you have noticed the price of Steem as indeed gone up from when we started the year. With myself included in the dolphin count we have over a total of 2000 dolphins and things are going just as I expected when it comes to wealth spreading, whales used to own about %86 of all shares on the system but as from 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 is live along with MIRA, 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 on getting the price of Steem higher plus it seems 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 "average" pegged rate, I expected it to be back on average the Bitcoin movement is not helping but atleast SBD's stopped going downwards in general but with Bitcoins going down again we could see them go further down. SBD's began yesterday with $1.00 and for today slightly higher at $1.01 but quickly started falling, a drop to $0.98 by ⏰00.40 but by ⏰01.30 a quick recovery to $1.02. There was a slow fall until ⏰03.30 which took SBD's to $0.98 again then another slow recovery until ⏰13.00 that actually took SBD's back to $1.02 which we didn't expect but this fell to now the average of $0.99.
Always do your own due diligence the above is only a opinion.
