Daily Steem Price Update 2/12/2019

in steemit •  11 days ago 

Good day Steemian welcome to today's Steem price update for 2/12/2019.
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 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 2/12/2019.

Should you be trading with Steem today...?



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Respect to those companies who keep their Black Friday deals modest in an effort to stop any chaos from happening again at you local stores. I was not pleased to see that work required me to be in by 6.30 in the morning for Black Friday and lol.. Super Saturday. This annoyed me not only because it's early but more for the reason that they speculate it will be far more busier then it was in the previous 2 years. Instead what ended up happening is they continued to sent staff home throughout the day that were not necessary. I wouldn't be very happy turning up for work at such an early hour only to be told later I can go home as they cant afford to pay all the extra staff. Still I got up on time and felt fine for most of my shift. But was Black Friday the madness my boss expected it to be?........nope! Once again most of the staff were left for hours with nothing to do as there were many of us in and the tasks were completed fast. I want to point out that I'am not complaining as it was nice to have the staff in to handle any demands. Plus from what I understand this year nobody got sent home early. We expected Saturday may actually be busier than the Friday but I think it was about the same. I worked this Sunday and so glad I didn't have to be in for the early and in the end it was the Sunday that ended up being the busiest. Anyway Steem as been going up slightly.. well until Nov 22th when gosh Steem fell to $0.10! This marks the new lowest for Steem this year and seems to be the fault of Bitcoin falling to around $6580!! But dam such a nice opportunity to buy cheap Steem which for me is a problem at the moment. I'am not sure what is going-on but my payments keep getting declined. I don't know if this as something to do with an update on the exchange or my bank card. My betting is this problem as something to do with an update from the exchange. I managed to escape work early on Thursday and so decided to use that extra time to try and understand why I keep getting my payments declined. As those who deal with the payments basically wont give me a clear answer.. which is honestly just very frustrating. I contacted the exchange to see if there was any changes or updates that could cause such a problem, not only did I learn the exchange had nothing to do with the issue but I found their customer service to be much more friendly and actually helpful then those who deal with the payments. And so I decided to contact my bank to which they first said there should be no reason for the bank to decline my payments. The woman from the bank confused to why my payments would be stopped said she would look into the matter further for me. Once again even my bank were atleast trying to help me. And so the lady contacted me back saying they are trying to process the order but it's the company selling the crypto who are blocking my card?! Anyway with Bitcoins I believe it was on October 26th when it reached $10000 as it had been mostly stuck between $7850 and $8350 but since then Bitcoins as been going slowly downwards and like I said even hitting $6580. The SBD price also dropped along with Steem and Bitcoins but since the Bitcoin recovery and fall we have not seen much change in the SBD price.

NEW-STEEM Bringing SMT's.

Steemit INC continue to work on bringing SMT's and communities, the team are not far off it's scheduled release, infact it's development is now done, also in it's "review state" it didn't show the need for any major additional work so it's looking very positive. If your curious the whitepaper is still the most authoritative reference for understanding what SMTs can and can't do but it is also a very technical paper. That is why the best way to think of it all is like giving users the ability to create their own Steem-like-tokens. You can set a token's emissions rate for your SMT and also the emission rate's can change over time if specified in the formula. Remember that the formula is locked in consensus so you can’t change it once the SMT has been launched. There will be some things not included in version-1 of it's release like for example "powerdowns" but I believe it will come with the ability to powerdown at 13 weeks, but all this along with other options can be added and changed in future. For example needed added changes could be integrated using your own Hardforks of the created token this can include new features not even possible yet on the Steem Blockchain. In the end basically SMTs are leveraging the same Steem coding.Not sure if all this as something to do with Steemit acting a little strangely these last few days as it started with the wallet and then steemd was down. But from what I'am experiencing both now seem to be working correctly as they should. Steemit INC have also been busy with Platform Independent State Files which is a great way for increasing the level of decentralisation and even dramatically reducing the downtime on the exchanges. With Platform Independent State Files it makes it easier to move databases into a format that is consistent across many platforms. What matters is whether or not information has been independently verified and we need this as just because code is executed by a decentralised network doesn't mean you can trust it. See as soft consensus is code that is stored on a distributed ledger "like say Steem" and so this decentralises the code enabling anyone to verify that it is indeed being executed properly. Like this Steem reduces the cost of Soft Consensus to a fraction of what it would be on any other chain which is great for applications. Also if your a business or interested in marketing and finding a community of active users thanks to Steemit INC and their advertising partner "BuySellAds" anyone who wants to purchase ad space on the steemit.com website may also do so now. Steemit INC are also involved in the burning of Steem, as right now alot of extra Steem is floating around because of the SBD conversions, but some of the gained rewards also goes towards the SteemDAO.

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


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