Daily Steem Price Update 16/7/2020

simonjay (76)in #steemit • 4 years ago

Good day Steemian and welcome to today's Steem price update for 16/7/2020.
I have been posting the Steem price update since almost the very beginning of Steemit.com back in 2016.
Many have came here to discuss the daily Steem price's and changes for over 3 years.

I also want to mention incase your wondering that when something changes from the regular " Steem Price Update Posts" that we do occasionally change their format from time to time.

But regardless of the changes made we will carry on as usual and by this I mean knowing the price of Steem.
If your sick at looking at the charts every few minutes then instead just take one look at the average daily price here 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 every so often.
So without further ado lets take a look at today's Daily Steem Price change for 16/7/2020.

Should you be trading with Steem today...?

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Steem Daily Price MoonTemplate16072020.jpg

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Ok guys the Steem Price Update is now back, I have been away creating content for the Diary Game contest which I will probably discuss in more detail later at some point, mostly about some of my thoughts and ideas behind it's plan. But for now be patient while I update some of the other discussions on here. I have updated the intro so that hopefully it reads better and makes sense. But wow you really can't make up the stuff that goes on in this place.. you are probably wondering what happened to all that 23M Steem? From what I understand it is still locked away in the exchange, but atleast one good piece of news is the exchanges are thankfully running again and most important is Steem was not removed from it's listing PHEW! This link should help explain the situation: https://steemit.com/witness-category/@softfork22888/steem-consensus-witness-statement-hardfork-0-23-codename-new-steem. All the drama just needs to stop, I understand it's not that simple but if collective efforts were instead put into this place rather than chasing and thinking about easy big gains than the price of Steem would of been much higher by now. 🌍 The problem is now we have to wait and see what will Bittrex do after being thrown into such a difficult situation. The guy who is dealing with the Bittrex decision put out a tweet sounding very conflicted about the situation and annoyingly even still today we wait in hope that Bittrex can make a decision as of right now depositing or withdrawn any Steem is STILL not possible on their exchange. While this is frustrating could it also have something to do with a small rise in the price of Steem as not as many can sell their Steem? It could be but it's more likely to do with cryptos in general going up in price. 💖In perhaps better news if you didn't see my announcement post we have now reached "💛DOUBLE DOLPHIN💛" with our POWER at now over 💕10000 SP!! And so with that we continue to collect and lock-up even more STEEM POWER! Speaking of getting things running again let's see if all this covid19 madness gets any better but isn't it all abit back and forth atm with these announcements? I mean many seem to be getting their 2nd mini waves of the covid attack then suddenly everything is normal again.. so what exactly is going on? As for us we still continue kind..of in a lockdown people have basically not been taking much notice of the lockdown since the 2nd week and honestly there seems to be a mass confusion about whether people should be going back to work or not as the government is said to be unclear. As for me personally I have been working all during this crisis because we are owned by another company who deals with food. Like many of my colleagues who have already stated, it's basically the company using a loophole within the system to keep us all working. We are of course not pleased by this move, nor do we produce or sell any essential products. It is rather infuriating that we continue to put not only our own lives at risk but the lives of our family members and of others, for what? The sake of company profits?! The company denies that this as anything to do with making a profit but rather it is a action to keep people's morals flowing so that we can beat this crisis. YEH RIGHT! But if that was the case we would of preferred to see the company paying us extra during this tough period. This atleast would of been a better move than simply forcing us to work or face losing our job, and yet this is all despite our government stating that all non-essential work places should of been shutdown to comply with their rules. When will it all end? I don't know really, but the media as put out a date for the end of this month and while it's not exactly a end to the lockdown itself depending on a few factors, we will have to wait and see if the government agrees with such a date. But I do find it ridiculous that it is the media giving us a date rather than the government making it's own mind and informing us. If the government does not agree with such a date it will confuse the heck out of people even more, well I guess it's not like anybody actually really knows what they are doing anyway, as this whole thing as been such a big mess. Still we might have to wait on Mr Bill Gates🌍 to create a vaccine that as barely been tested before we can fully put an end to all this social distancing.. but I rather not have that vaccine to be honest. Also from the 18th of May some friends of mine have started receiving phone calls to return to work, this is despite yet still no confirmed date by the government of when to reopen, I have also received news many of them are now fighting for their jobs or have had many cuts to their hours some by half! Scary times indeed. Schools still continue to fight with the government about opening-up at the end of the month, teachers are scared of having so many children in one place as it almost guarantees a spread of a virus. Anyway if it's not that there is also always something else going on around here with STEEM. I shared the link above and the focus continues on with "New Steemit INC" and their "100 days of Steem announcements" which as consisted of announcements as promised yes but also many competitions to get Steemians active on the chain again, this is motivating many by offering possible wins in the form of a large upvote to those who take part. The new ownership of Steemit INC made many users move over to it's sister chain and whether or not it will be the Steemit successor or not.. that I believe still yet remains to be seen as Justin said he would continue working to make STEEM a success. Ned is no longer the owner of Steemit INC but many millions of STEEM remain held by the Steemit INC accounts, the promise at the time was that the main Steemit INC stake would be used for the on-chain development costs only. But now the stake is being used this replaced the balance of power making in-a-way now one account a "dictator" of all thing's Steem. The Steemit account holds a huge amount of Power, anything that account does will eat a big chuck of the rewards and it's mostly drawing Steem all into one place, this makes it potentially more risky to invest in STEEM if in the end Steemit INC decides to sell some of their stake. But also the sell out could be a good thing if enough people actually want that Steem and that means power would be better distributed. This is perhaps a demonstrated that Steem atleast for now is still unfortunately not as decentralised as what some of us would of hoped for, but still I think it's steps ahead 💛 of our current day capitalism.

Many had rightly predicted that the Steem price rise in February, this seemed on track to happen regardless of the move from Steemit INC being sold. The price did rise but it was only a small bump, still those with some SP behind their accounts noticed a difference in benefits for having some skin in the game which is why with Steem so cheap it would be a good idea for those who are below Dolphin to get a little more.

My goal 💕 is to now reach 💛15.000 SP, hopefully before the end of the year, that probably wont happen but lets see how far we can get.As I reckon it could be a close one, plus it will be fun trying to get there. I have been on here for over 3 years and have never powered down once, meaning your votes are safe with me and help retain Steem's value. We totalled 7.841 SP at the end of 2019 and reached 10.000 on May 11th so if you want to help me in finishing this quest to lock away 15.000 Steem Power and retain more of Steem's value please consider leaving your best vote below. Still with everything that is going on with Hive who knows if Steem and even Hive for that matter will still have any opportunity to see the light of some success, but it does seem like some efforts continue towards this goal. Regardless it's still fun to have plenty of SP to play around with and so for fun I would still recommend buying some more Steem at this price if your under 5000 SP.

In 2020 Steem's lowest was already better than in 2019 but due to the events that happened on Steemit it seems like we actually had it good back then. As after the selling of the company and it's crazy events we saw a nasty fall to it's lowest in a long time at $0.09, but that was followed by a mystery spike of STEEM which unfortunately didn't last long, this was on March 19th when Steem reached $0.40💛! Man would of made me very happy if Steem had stayed at that price. As for the mystery spike it could of been people buying up STEEM for the HIVE airdrop but who knows really. Still we are seeing slightly better days with Steem holding around mostly at $0.15 as for example we have not fallen to $0.13 since march 18th.

This still leaves in 2020 the current price of Steem nicely cheap to buy-in a good amount of Power for your account, especially to those who can see it's potential benefits or to those who want to have fun with more SP, just be aware this is not financial advice to make you money it's to have fun and enjoy the site the best you can but at a great price entry.

Anyway as for Bitcoins it was nice to see it reach $10000 recently on May 9 we had not seen Bitcoins this high since back on February 24th, it was then on the same day that it also was the beginning indicator of a Bitcoin downwave which fully showed its-self on March 13th taking Bitcoins down to $4225! But since March 19th Bitcoins had stated to see better numbers we saw them going above $5500. By March 30th the lowest for Bitcoins was $5800 and so far since then it's being going slowly upwards, and yes that is despite this covid19 virus. We can see this with a peak on I believe May 1st with Bitcoins reaching $9460 and so in other words yes Bitcoin are still going upwards. As for the SBD's we had not seen $1.00 worth of SBD's since Jun 28th in 2019 but finally on Feb 13th we hit $1.00, we can't deny SBD's had been doing relatively well since getting past that Bitcoin drop which is when it started staying mostly around $0.70 we even saw them going up to $1.24 on March 19th during the sister site hardfork mess. Now I might of missed something here but since April 3rd SBD's have been holding-up really well and are said to continue to do so for a good while. There were a few people who seemed to know why this was going to happen but I don't know how or what exactly happened for SBD's to stabilise so near the $1.00 mark, but heck it's where it should of been the whole time. This is really great but only a shame that right now it's very difficult to earn any SBD's due to STEEM price being so low.

TRON Owns Steemit INC.

🌍With the development team mostly all quitting what would happen to all the hard work already done towards bringing out SMT's for 2020? From what we can tell SMT's are still going to be in the works and released in the future sometime. If your still curious about the benefits of SMT's the whitepaper is still the most authoritative reference for understanding what they can do for us. But the best way to think about it all is it's like giving users the ability to create their own Steem-like-tokens and so tokennising the internet. As of right now alot of extra Steem is still floating around because of initially the SBD conversions and now the many users who sold with worry Steemit would sell their stake many are still converting their funds to the sister blockchain. In the past projects for Steem could receive a delegation since the change it still seems some older Steem related products are getting support but on a lesser scale. Instead the delegations are to be distributed to other accounts created by Steemit INC with the intention of handing those accounts-out to applied users who wish to curate others. Steemit INC as done away with it's advertising model, this was to improve the users experience on the website 🌍 and while I think this is a great move 💛 perhaps we could do with the money in this current state of low price situation.

If your a business or interested in marketing and finding a community of active users thanks to this wonderful platform I would advice you to invest in some STEEM Power first to gain more trust and viewer-ability withing the STEEM community.

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

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