Good day Steemian welcome to today's Steem price update for 23/2/2019 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 23/2/2019

Should you be trading with Steem today..

I just want to quickly mention we only have 160 more SP to go till we reach dolphin so any extra support on that is appreciated. Also when it comes to Steem INC and it's power down's they have come to a halt and will no longer be powering down their SP to zero. Steem's January high of $0.43 remains the best value for 2019. We had our first February Bitcoin downwave on the 6th but on the 8th that downwave got destroyed as Bitcoin's went from $3352 to $3663. This first downwave took Bitcoins from $3433 down to $3355 but now we have gone way past that $3433 mark. Bitcoins were hanging mostly around $3415 near the 1st of February and so that upwave also smashed that mark, and now for 3 days Bitcoin's continued to go upwards but 2 days ago it broke that trend with yesterday Bitcoin's going slightly downward but no worries as today brings better news. This is because we have just had our 3rd Bitcoin upwave for February, Bitcoins goes from $3915 at ⏰09.30 to $4135 at ⏰20.45 now the upwave may still continue so let's see how this turns out. But while this is great remember we are recovering what we had lost around the 9th of Jan. Anyway Steem, so yesterday as we know it was pretty much rock solid at $0.33 and that is where we started today. But Steem had a positive day, mostly going up but very slowly and with the recent Bitcoin's upwave we can could see Steem going higher soon. Steem reached $0.34 nicely and early by ⏰01.50 it did fall down back to $0.33 straight after and remain there till ⏰11.00. We it got back to $0.34 and it did fall again to $0.33 but mostly remained going upwards we even saw $0.35 briefly which we would of been surprised if it didn't happen. 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 also put into a 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. Also nodes continue to run well on hivemind to which it was only made possible thanks to AppBase. For SBD's today we expected a little more movement but it remained mostly at $0.95 we did see a few drops down to $0.94 but nothing to worry about this mostly happened around ⏰12.50 till ⏰17.05 indeed a odd and rather long time but from there it continued upwards taking us to $0.96, not that it was the first time we saw $0.96 today it was firstly seen at ⏰01.35.

Always do your own due diligence the above is only a opinion.

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Source: picgifs.com

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https://steemit.com/steemit/@simonjay/daily-steem-price-update-31-12-2018

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https://steemit.com/news/@simonjay/2018-the-media-wants-you-to-believe-in

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