Good day Steemian welcome to today's Steem price update for 8/2/2020.
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 8/2/2020.

Should you be trading with Steem today...?

Alright crew we quickly jumped to February and like many had already predicted the Steem price as started to rise. And while some complain it's only a little bump those with some SP behind their accounts have already noticed the difference in benefits their stake brings them.

The goal is to reach 10.000 SP 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 so that is what we have to start the year with. So if you want to help me jump-start this quest to lock away 10.000 Steem Power and retain more of Steem's value please consider leaving your best vote below.

In 2019 Steem had been going up slightly until in Nov 22th when the price fell to $0.10 this was the "fault of Bitcoin" as it dropped to around $6580 and it also marked the lowest Steem price for 2019. In 2020 Steem's lowest is already better then in 2019 at $0.11. You may have noticed the Steem price as been mostly staying between $0.11 and $0.13 for a while it's only been in the last few days we have seen jumps to $0.19! On the 18th of January marks Steem's highest for the year at $0.20 which is just shy of last year's result hitting $0.21. This makes 2020 a great opportunity to buy-in for cheap some nice amount of Steem Power for those who can see it's amazing value. My payments for buying into Steem were getting declined by the service I used but I luckily found a different method right here when browsing on Steemit.com. I had made a few payments with the new method and no problems initially. Until I brought a higher amount and while I could still buy Bitcoins they seem to have errors when buying Steem in bigger quantities. But I would still need to test the matter further as perhaps they simply run-out of Steem to sell, but what worries me the most is their lack of replies from their customer service. I didn't get a single reply which makes me worry. Anyway with Bitcoins it was back in October 26th when it last reached $10000 we did almost reach it in 2020 on Jan 19th but it is now better as it's cruising above $9000. There was alot of talk about Bitcoins coming out the bear market but to be honest Bitcoins as actually been going slowly upwards since Dec 18th 2019 and so far as stopped the trend in Jan 19th 2020. As for the SBD price it also dropped along with Steem and Bitcoins at the same time of decline, it continued dropping slowly with Nov 13th being the lowest, followed then by in Nov 22th, it recovered for Nov 29th but there was not really any change until recently. SBD's went just above $0.70 on Jan 18th which was last seen in Dec 22th and now Jan 24th marks this year's new highest at $0.92! Wow that was close to reaching the $1.00 mark right? We have not seen $1.00 worth of SBD's since Jun 28th in 2019!

NEW-STEEM Bringing SMT's.

Steemit INC continue to work hard on bringing us SMT's and communities for 2020, the team are not far off it's release, it's development is now done. If your curious the whitepaper is the most authoritative reference for understanding what SMTs can do for us in 2020. The best way to think of it all is like giving users the ability to create their own Steem-like-tokens. You could test out the Steem communities in the new Steem BETA that was open for everybody, but it did seem to have it's passwords changed at some point. Still if you got in just be-aware anything that you post on the BETA site will still be posted on Steemit.com. And those post's do come with their community tags, so for example "hive-169926". If you want to test it's features and add some pressure to the created code you could be saving us from bugs and issues down the line. What about the people who got in first taking all the good "community names"? Well don't worry because as you can see from the community tags like "hive-169926" this is not a problem as you will still be able to get the name's you want for your own community regardless of someone else already taking the name you wanted. 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, also some of the gained rewards go towards the SteemDAO. There is also a proposal about power downs going on, from their current 13 week track of "powering down" too a new power down track of only 4 weeks, what do you guys think of this change? In the past new projects for Steem could receive a delegation but now the projects most likely to receive any delegation whatsoever are the ones who are offering the most value. So in like terms of a mix of services, fiat, crypto, utility tokens, equity etc. Projects now must compete for such delegations. Why? Because they can be of really good value, a project that had a 1M SP delegation for a year as gotten around 10,000 Steem per week for 52 weeks! That's around 520,000 Steem and so worth around $50k, and if you think modestly in the past it's even been worth as much as $500,000!💩

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 do so now.

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

Secretly Win 0.050 Steem or More
You can win some Steem by simply doing ALL 3 steps below..
Upvote the post at %100, the more players who do this the more Steem you can win.
Write on the comments "Done"
And finally answer the question- Will the price of Steem be higher or lower tomorrow?
There will be one winner but hurry you only got 23 hours!

---

Source: picgifs.com

---

---

Our Ship Is Now Dolphin Powered

---

Source: giphy.com

---

---

-Steem Price-
https://steemit.com/steemit/@simonjay/daily-steem-price-update-31-10-2019

-Month 30 Of Steemit Monthly Reports-
https://steemit.com/steemit/@simonjay/month-30-steemit-monthly-report-15-3-2019

-I Have Powered-Up To Dolphin!-

https://steemit.com/life/@simonjay/powered-up-to-dolphin-22-3-2019

-Young And Now Disabled By Vaccine?-

https://steemit.com/familyprotection/@simonjay/young-and-disabled-by-vaccine-7-1-2019

So if you like this page I need you guys to do me 2 easy things.

1.First please upvote this page.
2.And secondly dont forget to follow me below.

Also since votes don't always = $ and you if want to see more you can send me Steem Power Tips to @simonjay to help support me.

@paradise-found - @karenb54 - @koskl - @hanshotfirst - @mammasitta - @akomoajong - @yusril-xabre - @surpassinggoogle - @whatisnew - @kristy1 have already done this so a big thank you to them all!

---

[Follow Me Here @simonjay