Good day Steemian welcome to today's Steem price update for 5/1/2019 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 5/1/2019
Should you be trading with Steem today..
Here we are it's 2019 you made it Happy New Year, now some of you were still in hope of seeing Steem rise to $2.00 but as expected that didn't happen, but why was there such expectations? Well last year we started with the price of Steem and SBD's simply "booming"! But we leave 2018 with Steem at $0.26 and now 2019 Steem is at $0.28 but wow barely any movement from Steem right now its one of the most quiet days I have seen it was expected to have hit atleast $0.29 today at ⏰06.10 as I said yesterday a green was expected which did still happen just about but no $0.29. It was still a good day to buy if you were not looking for a challenge. It's already been predicting by many that 2019 could be a very dull year for prices unless something changes, but hey if that does happen to be the case then I hope all of you who are in this game with me will be strong and will take this opportunity to keep on collecting Steem Power before it gets even more difficult to obtain. Since starting the new year we have seen Bitcoin go from $3668 to $3886 it as now gone down and sitting around $3830. And so at these low prices we are still on a survival mode era of Steemit.com as Bitcoin's value dropped drastically forcing Steem's own value to tank causing "Steem INC" staff reductions and a possible threat to the website. So with this news the conclusion was to survive by cutting down the costs of nodes among other strategies which will still take time to implement. Right now there is a focus on a multi index RocksDB adapter which is a new technology in development to allow the Steem blockchain nodes to store almost all it's necessary data on a disk in a modern database instead of in RAM making nodes cheaper. The good news is with recent development Ned said we should be able to save enough to make it past this years bear market. While amazing news it's only speculation, we now still need to actually do this and survive. Steemit INC said they are on track with it's cost reductions like RocksDB and also moving forwards with SMT's. SBD's where also more steady today but they were just about able to hold on to $0.76 which was lucky as SBD spent most of its day at $0.75.
Always do your own due diligence the above is only a opinion.
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