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

Should you be trading with Steem today..

It's February already what happened to the first month? Regardless we must continue to remember that there's a possibility that Steem might fall down even further than January's lowest this is due to Steemit-INC powerdowns. As for Bitcoin's part it was interesting how the previous falls show Steem being barely affected, but now that seems to be finally catching-up along with the news of some other exchange problems leading-up to this now current price decline. Still it seems Bitcoin's latest downwave was on the 28th, Bitcoin's highest was $4075 and it fell to $3491, now this 4th downwave for the month as sent Bitcoins from $3531 down to $3387 we seem to be recovering slightly at $3431. Yesterday Steem continued it's down stream but what about today? Nope it spent most of the morning very still but it was around ⏰07.20 that we saw some movement, upbumps, these 2 upbumps quickly took Steem to $0.28 it was going well we almost started to expect $0.29 but it didn't happen instead it fell back to $0.27 at 3 separate downbumps the first being at ⏰08.30 but Steem now remains at $0.28. You can still take the risk on waiting for possibly one of the biggest opportunities to buy Steem as the Steemit account is powering down, PANIC mode ON!? Let's not.. This whole thing is important yes because that account held around 44 million Steem! If the powerdown's don't stop in 13 weeks all that Steem will be tokenized meaning the price of Steem will drop by ALOT. While this means the end of days for some we still don't know how exactly Steem-INC are handling this move but I feel this Steem will probably go into other accounts and therefore keeping Steem price steady. And no I don't believe they are running away with the money, it seems they are protecting it due to some threats. If nothing much happens in 2019 then I hope those who are in the game will take the opportunity to keep collecting Steem especially if the Steemit account continues to power down. You should know that Steem at these low prices and with the Steem power-downs it places us on a survival mode era basically Bitcoin dropped drastically forcing Steem's value to tank causing 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. Ned also said recently 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 and which it was only made possible thanks to AppBase. SBD's just were downbumping yesterday only stopping at ⏰07.20 by that time SBD's fell to $0.81 but from there SBD's spent the rest day recovering and so placing them back at $0.85. As for today we started with SBD's falling to $0.84 and to be honest we did expected to possibly see it fall a little further but instead from ⏰01.40 onward SBD's started it's upbumping steps, taking them to $0.89 at ⏰19.50, right now they gone down abit but if SBD's continue to hold we could start earning more SBD's again. I will be honest it's a little annoying being right on the line were we could either get SBD's or Steem.

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

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Source: picgifs.com

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