Good day Steemian welcome to today's Steem price update for 9/3/2019 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 prices and changes for just over 2 years now.
I also want to mention just incase your thinking something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do slightly change 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 its 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 9/3/2019
Should you be trading with Steem today..
Thank you, thank you guys for that extra support I just want to quickly mention that we are now only 80-SP away from reaching dolphin, any extra support on reaching our goal is appreciated. February didn't win us any Steem records the January high of $0.43 remained the best value of 2019 for a while until March 7th as we saw Steem reach $0.48 but we did beat SBD's in February with them reaching $1.01 on the very last day. With Bitcoins we started March going slightly downward but 4 days ago we recovered by upwaving to $3844 which is a "gain" from the previous fall and now we are going slowly upwards from hanging around $3813 to $3894. Ok as for Steem unless you haven't been paying attention you will know it's started going upwards nicely lately we beat the January high and so reaching to $0.48 making it the highest new Steem price for 2019 and honestly we already are in a really good place, Steem as been seen around position #40 amongst all the other cryptos. We started Steem today at $0.44 where it held until we reached ⏰04.25 when Steem dropped to $0.43 and honestly it would of been expected if Steem dropped a little further down but at this point things already started to change as Steem moved on to upbumping into $0.45 a few time before making it to $0.46. And basically the same pattern repeated itself for reaching $0.47 and even $0.48 and no we didn't break past the $0.48 if we can hold a little longer then this survival mode is over. Anyway If nothing much happens in 2019 then I hope those who are in the game will take the opportunity to keep collecting Steem. Still Steem at these low prices put's us on a survival mode era as Bitcoin dropped drastically forcing Steem's value to tank forcing Steem-INC staff reductions, a possible threat to the website and the Steemit's account security. The conclusion is to cut down the costs of nodes. Hivemind is now live the "steemd" instance size's went from 488GB RAM to now shockingly 61GB RAM! Focus is on a multi index RocksDB adapter which is a new technology in development 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. And so with the power downs put into halt all we really need is the price to be abit higher and we will be out of survival mode. Ned also said that the cost reduction progress will still remain above the creation of SMT's which I feel is the right move. Steem is also now available for trading on the Huobi marketplace so if you are a U.S. resident just go to huobi.com, if you are anywhere else you could try Huobi global at hbg.com. Also if you still don't understand how your private keys work or are relatively new to Steemit you can go to the Steemitblog account for a more recent official explanation. For SBD's you may remember they also broke record March 7th reaching to $1.01. Today we started at $0.98 and bounced between to $0.99 for most of the morning then falling to $0.97 and upbumping to $0.98 often. All normal but the only part that was unexpected was at round ⏰17.45 when it dropped to $0.95 it also went to $0.95 a little later again not what we expected to see happen but we are good at $0.98.
Always do your own due diligence the above is only a opinion.
Source: picgifs.com
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