Daily Steem Price Update 17/4/2020

simonjay (78)in #steemit • 6 years ago

Good day Steemian welcome to today's Steem price update for 17/4/2020.
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 over 3 years now.

I also want to mention incase your wondering that when something doesn't seem normal from the other regular "Price Updates" that the daily Steem price posts do occasionally change their 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 even if you are not planing to do anything with your Steem I still recommend checking out these updates and so keeping an eye on the price.
So without further ado lets take a look at today's Daily Steem Price change for 17/4/2020.

Should you be trading with Steem today...?

🌍

💕❤️💛💖

It was some strange times for those of us who celebrated Easter💕 and for many it was probably a Easter like no other. I also brought and added 30 STEEM Power to help celebrate Easter, and of course to be-able to give out better rewards. It seems like each day more places are going under lockdown this is of course due to the corona virus, we ourselves are also in a lockdown. Shockingly I must continue working because we are owned by a company who deals with food. Like many of my colleagues who have already stated, it's like the company is using a loophole in their system to keep us all working. We are of course not pleased by this move nor do we produce or sell any essential needed 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 the sake of what? Company profits?! The company denies that this as anything to do with profit but rather it is to keep people's hope's flowing? But if that is the case than we would of liked to see the company pay us extra during this period to those staff who are out there putting their lives at risk everyday. This would of been better than forcing us to work or face losing the job, and this is despite our government stating all non-essentials work places should be shutdown. When will it all end? Who know we have been told of another possible few weeks and that we have to wait for Mr Bill Gates to create a vaccine that as barely been tested..I rather not. But if it's not that then there is also always something else going on around here with STEEM. There was SoftFork 22.8888....? which Steemit INC claims was to give Steem back it's power to the community. And I have to say that right away when I first heard this I didn't believe it.. and yes unfortunately from what I can tell it's not true. I admit not the smartest guy but I can see they have yet to fully give Steem back to the community. Still it seems now they will move on and continue with their 100 days of Steem announcements. The new ownership of Steemit INC managed to repent the community enough to fork the blockchain into a sister chain. The new blockchain had its start a few weeks ago seems to have been a mostly successful switch-over. Whether or not it will be the Steemit successor that I believe is still yet to be seen as Justin said he would continue working into making STEEM a success. Ned is no longer the owner of Steemit INC and many millions of STEEM are held by the Steemit INC accounts, the promise at the time was that the main Steemit INC stake would be used for on-chain development costs only. There is enough Steem Power within the Steemit accounts to knock out the Witnesses and replace them. When Tron bought Steemit INC many in the community got worried that Tron could replace Witnesses, take over the blockchain and then force a token swap. The action decided by our Witnesses to prevent this from happening as Tron did not communicate with anyone was to lock temperately Tron from these accounts by freezing up their STEEM holdings. This was to mimic the initial agreement with Ned until we could confirm the blockchain was safe. Tron's response to this move was to gather from 3 big exchanges which hold much Steem and get them all to power-up to have enough POWER for Tron to then up-vote-in all it's own witnesses. This was to replace the balance of power making himself in-a-way a "dictator" of all thing's Steem. With this move it means that Justin could make his own Hardfork to unlock his main accounts again. There was a post explaining Justin's reasoning behind it, apparently he didn't know what was promised to the community with that stake. Perhaps this whole show as been a demonstration that Steem atleast for now is still unfortunately not as decentralised as what some of us may have hoped, but still I think it's steps ahead 💛 of our current day capitalism.

Many had rightly predicted that the Steem price was to rise in February this seemed abound to happen regardless of the move from Steemit INC's being sold over to Justin. The price did rise but many complained it was only a small bump, still those with some SP behind their accounts noticed the difference in benefits for having some skin in the game.

My goal 💕 is to reach 💛10.000 SP, 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 so if you want to help in finishing this quest to lock away 10.000 Steem Power and retain more of Steem's value please consider leaving your best vote below. Still with everything that is going on now with Hive who knows if Steem and even Hive for that matter will still have any opportunity to see the light of some success.

In 2020 Steem's lowest was already better than in 2019 but due to the crazy events happening with Steemit it seems like we actually had it good back then. As after we saw a nasty fall to it's lowest in a long time at $0.09 but followed by a mystery spike of STEEM which unfortunately didn't last long on March 19th. Steem reached $0.40!💛 which would of made me very happy if it had stayed there. 🌍 As for the mystery spike some think it was Justin buying up STEEM to stop people moving to HIVE, others say it was people buying up STEEM for the HIVE airdrop but who knows why really. I assume it could be because people were powering up for their move to Hive.

This leaves still in 2020 the current price of Steem nicely cheap to buy-in a good amount of Power for your account to those who can see it's potential benefits and to those who believe STEEM can still pull out of this mess by Steemit INC and TRON.

Anyway as for Bitcoins it was back on February 24th that I believe we last saw Bitcoins at $10000 it had been going slowly upwards since Dec 18th 2019. But the upward trend stopped in Feb 13th 2020 and more recently something that started on February 24th was the beginning of a big downwave that happened on March 13th taking Bitcoins to $4225! Luckily since March 19th Bitcoin as stated to see better numbers going above $5500 . As for the SBD's they went above $0.70 on Jan 18th. We had not seen $1.00 worth of SBD's since Jun 28th in 2019 until finally on Feb 13th we hit $1.00. SBD's have been doing relatively well since getting past the Bitcoin drop staying mostly around $0.70 and even going to $1.24 on March 19th during the Hive hardfork mess. It's only a shame that right now it's so difficult to earn any SBD's due to STEEM being so low in price.

TRON Owns Steemit INC.

There was worry on what would happen to Steemit INC and it's development team plus all the hard work already done towards bringing us SMT's for 2020. Well we know that the development team mostly all quit as they were not happy with how it's new owner was going about doing things but he did atleast give out the order to launch communities within a few days since taking over💓. If your curious about the benefits of SMT's the whitepaper is still the most authoritative reference for understanding what they can do for us. The best way to think about it all is it's like giving users the ability to create their own Steem-like-tokens. As of right now alot of extra Steem is floating around because of initially the SBD conversions and now others are selling because of the fear Justin will sell all he's stake when he comes to full power and not only that but many are converting their funds to Hive. There was also a push for power downs going from their current 13 week track to a new "powerdown" of only 1 day. I for one still feel this is a huge safety risk on ones funds and glad that so far this as not been applied. In the past projects for Steem could receive a delegation but now Justin Sun is in control of the delegation account there as already been some major changes with who is getting those delegations and how much. Justin also as done away with most of Steemit's advertising model 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 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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