Daily Steem Price Update 19/5/2020
Good day Steemian welcome to today's Steem price update for 19/5/2020.
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 19/5/2020.
Should you be trading with Steem today...?
Ok so your probably wondering what the hell is going on here on Steemit and why many are just getting crazy well this link should help explain the situation: https://steemit.com/witness-category/@softfork22888/steem-consensus-witness-statement-hardfork-0-23-codename-new-steem. In perhaps better news WOoHOoo if you didn't see my announcement post we have now reached "DOUBLE DOLPHIN" with our POWER now at over 10000 SP!! And so with that lets continue to collecting and locking even more STEEM POWER! Many believed that there was a mass censorship ban on the 6th of May this problem with Steem freezing and looking like bans also happened the other day but this time for less time. Perhaps the team are getting better at fixing the problem or are they updating something in the background for this to occur. Speaking of getting things running again let's see if all this covid19 madness gets any better as there seems to be a turn around when it comes to covid-19 in some places. Each day more are loosening-up their regulations, 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 been 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. But if that was the case we would of preferred to see the company paying us extra during this tough period. This 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-essentials 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 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 up 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. But 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 friends of mine have started receiving phone calls to return to work, this id 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 job or have had many cuts to their hours, scary times indeed. Anyway if it's not that there is also always something else going on around here with STEEM. I share the link above and the focus also continues on to "New Steemit INC" and their "100 days of Steem announcements" which as consisted of announcements yes but also many competitions to get Steemians active on the chain again this is also done with offering possible wins in a large upvote to those who take part. The new ownership of Steemit INC made many move over to it's sister chain and whether or not it will be the Steemit successor or not.. that I believe still 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. There is enough Steem Power within the Steemit accounts to effectively control everything on the blockchain. 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 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. Perhaps this whole thing as 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 sell over we know that the development team mostly all quit so 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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Our Ship Is Now Double Dolphin Powered
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