Good day Steemian welcome to today's Steem price update for 1/3/2019 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 1/3/2019
Should you be trading with Steem today..
Thank you, thank you guys for some of that extra support I just want to quickly mention that now we only have 130 more SP to go till we reach dolphin so any extra support on that is appreciated. And so February is now already gone we didn't beat any Steem records, Steem's January high of $0.43 remains the best value for 2019 but we did beat SBD's with them reaching $1.01 on the very last day. The first February Bitcoin downwave was 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. The 3rd Bitcoin upwave for February took Bitcoin's from $3915 to $4135 but 5 days ago Bitcoin's downwaved and went slightly further down then what we had just gained and so it went from $4170 down to $3726 after that we started getting some good recovery going to $3849 yesterday you would of thought Bitcoins recovered due to Steem going up but strangely it remained roughly the same unfortunately we start March with Bitcoins going down. As for Steem it looks like it had a good day but infact it as been mostly slowly going downwards, it started in such a good place $0.42 and at ⏰07.45 it started to fall. Firstly to $0.40 at ⏰08.35 it recovered some at ⏰10.05. Steem went under the $0.40 mark at ⏰12.25 from there it's been fighting to stay at the $0.40 mark so buyers might get a opportunity soon. 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. 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 recent official explanation. Good day for SBD's they stayed steady around $0.99 until ⏰05.50 when it began falling to $0.97 and at ⏰08.10 SBD's went to $0.96 which I think was the lowest for SBD's today but all good as by ⏰11.00 we was back at $0.99 and we even saw $1.00 around ⏰21.20.
Always do your own due diligence the above is only a opinion.
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