Daily Steem Price Update 31/10/2019
Good day Steemian welcome to today's Steem price update for 31/10/2019.
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 31/10/2019.
Should you be trading with Steem today...?
Part 2 of the event ended Sunday and I feel it was still a very packed day due to this time not having to face the disappointments of Saturday. We discovered that it firstly didn't include features which it promised on both the website and then later on the official guide book of the event. Nothing was done to fix this except the information was deleted off the website soon after lol. Another big downer on Saturday which could not be helped was the horrible weather, it was literally raining the WHOLE day. Most of the event is inside sure, but normally the large outside area is a place to chill, talk, listen to live music, get those photos with the people you wanted, and crab some food, etc. But nope it was cold, windy and raining to the point that we just couldn't bare to be outside. Luckily the Sunday was mostly sunny not very cold and many people were outside enjoying the social part of the event. While it's been a very tiring weekend it was of course a ton of fun. I somehow made it to the end but feeling rough with a slight flu that strangely wont come our go. I was also told that the following weekend would be a busy one, but some things have happened since then and so I wont be making it to the strange Halloween event on Novembers, well maybe it's not so strange as halloween tonight falls on a Thursday. But in one way I'am relived and hope things will get calmer from now. October nearly over but like clock-work I started to get busier at work along with other pesky things in life. I'am beginning to not really enjoy October throughout until January due to such things being all so close together. Still to be honest last year was a little easier compared to previous years, I do hope this time it may also be slightly calmer and so far that seems to be the case. My hope is that on November things will be a little calmer going forward till next year. Bitcoins had been slowly recovering and I believe it was on October 26th were it reached once again $10000 as they had been stuck between $7850 and $8350 since Spt 27th. The SBD price also dropped along with Steem and Bitcoins but since the Bitcoin recovery we have not seen a change in price until these last few days as now both Steem and SBD's went up making already buyers nervaous once more but still some nice opportunities to buy cheap Steem.
Steemit INC continue to work on bringing SMT's, the team are not far off it's schedule for release infact development is now done and it's review didn't reveal any major additional work and so now the testnet for SMT's as been live for 3 weeks. The already completed work for "Specific Voting" is done, which is a means of rewarding users with the desired SMT token of choice. "RC pools" are on their way, some Steemians are eagerly waiting for this as it could be a good future source of income. Steemit INC have been spending alot of time on Platform Independent State Files which is a great way for increasing the level of decentralisation in the ecosystem and another favourite use of mine which will be "dramatically reducing the downtime" on the exchanges. See as with MIRA the databases were platform specific which I'am sure you can already see the potential problem with that, but with Platform Independent State Files it makes it easier to move databases into a format that is consistent across many if not all platforms. In the end what matters is whether or not information has been independently verified as just because code is executed by a decentralised network of machines does not mean you can always trust it. See as soft consensus is code that is stored on a distributed ledger "like say Steem" and so this decentralises the code by 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 enables applications to take advantage of Steem’s high speed and fee-less transactions. 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. Because Steemit as been doing well with their advertisement campaign they didn't have a need to power-down on September but we do suspect power-downs to continue as normal. Still just the fact they were able to do this once is promising. This made it easier for Steemit INC completing their transfer of 200,000 STEEM to Blocktrades for the purpose of building the Steem.DAO as they firstly wanted to observe it in action to ensure that it was sufficiently stable and safe for it's user-base. Blocktrades converted much of that STEEM into 25,000 SBD which was then deposited into the Steem.DAO, it's said Blocktrades will deposit the remaining 11,600 SBD sometime in the future. Steemit INC are also getting involved in burning-up their Steem, while I'am not a big fan of burning Steem just simply because it's a opportunity for someone else to own that Steem but I obviously realise we do have alot of extra Steem floating around because of the SBD conversions which could indeed do with some burning. But not all Steem is being burned some of the rewards from the Steemitblog are going towards the SteemDAO.
Always do your own due diligence the above is only a opinion.
Our Ship Is Now Dolphin Powered
-Month 30 Of Steemit Monthly Reports-
-I Have Powered-Up To Dolphin!-
-Young And Now Disabled By Vaccine?-
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