Good day Steemian welcome to today's Steem price update for 12/5/2019 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 just over 2 years now.
I also want to mention just incase your wondering when perhaps something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do occasionally change it's 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 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 12/5/2019
Should you be trading with Steem today...?
Guys almost reaching a Rep of 67.. finally! Lol any stronger upvotes is appreciated to get us there. March 10th Steem reached it's highest for the year at $0.55 along with SBD's which also had a breaker in the same month of March but on the 13th with it's highest being $1.41. With Bitcoins they have recently been holding above the $5500 mark, the highest for Bitcoins near the latest upwave which was beat yesterday was at $6986. It's only been 10 days since Bitcoins climbed and was trying to stay above the $5300 mark they were successful and had a crazy upwave going from $5290 to $5778 with the following day going to $5793. It slowed down abit but Bitcoins continued upwards from $5732 to $5937. Bitcoins dropped to $5724 but quickly recovered went to reaching $6071. The mayhem continued with two upwaves getting Bitcoins to $6417 and yesterday another big upwave going from $6263 to almost the $7000 mark with $6986. And well today while it may look like thing's calmed down Bitcoin's still broke record once again by reaching 7553! Steem is trying to make it back to $0.35 with it's overall ranking position being at around #58 amongst all other cryptos. As you know we beat the January high marking our highest value at $0.55. These past few days Steem as been presenting themselves with various opportunities to buy-in since the 24th of April but its been even better lately to buy as it was not that long ago Steem was at the $0.45 mark. But in the last few days Steem dropped down to $0.28 and for today we started higher than yesterday at $0.33 from $0.30 yesterday. But Steem dropped at ⏰01.25 to $0.32 and $0.31 by ⏰01.45, this is interesting because there was hope that Steem was starting to go up because of Bitcoin's but BTC went down today making those looking to buy Steem happy. Anyway Steem did recover at ⏰07.35 going back to $0.33 but at ⏰10.50 they dropped and continued until ⏰16.30 reaching it lowest at $0.30 as you can see it recovered to $0.31 and that is where it remains. Anyway if nothing much will happen for Steem in 2019 which is slowly looking more doubtful then I hope those who are still in the game will take the opportunity to keep collecting because right now we are in a seriously good place to grow our accounts remember as the price goes up higher collecting actual Steem becomes more difficult. But Steem is doing so much better then you may realise in BTC value Steem is on its way to make possibly a new all-time low but if you look back and have been here as long as me the lowest Steem has ever been was at $5800 BTC which was way back in March 2017 if you look now we are somewhere around the $6250 mark correct..so last time at $5800 BTC Steem was worth $0.07 but now around 6250 BTC it's still worth $0.34! As for the SPUD initiative.. no not potatoes but (Steem Power Up Day) there was around 980 accounts who powered up a total of 145,430 Steem compared to the average power up per-day of 106,300 Steem, this means some of you are now new dolphins in town, so with myself included in the dolphin count it means we have now a total of 2000 dolphins!! Also things are going just as I thought they would as whales used to own about %86 of all shares on the system and while today would you believe that they only own %55! While this may seem like horrid news it really is not! Because if we look at Dolphins we owned only %4 just over 2 years ago and now we own %13. No longer in survival mode the conclusion from all this is to continue cutting costs Hivemind is live the "steemd" instance size's went from 488GB RAM to 61GB RAM! Focus is on a multi index RocksDB adapter which is a new technology 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 the move will make nodes cheaper. Ned said that the cost reduction progress will still remain above the creation of SMT's which I feel is the right move. If you have returned recently to Steemit please be aware that there as been a wallet split to your account so please have your keys backed-up, yes ALL of them and don't use your masterkey to log into Steemit.com instead use your posting key, remember that when you click on your wallet you will be directed to a completely different website which should be "steemitwallet.com" please don't worry as this website is safe and part of Steemit.com. Also yes from now on both logged in and non-logged in users will now see adds on Steemit.com. For SBD's they broke record March 13th reaching $1.41. Currently SBD's are at a "lower" pegged rate, which isn't shifting but still it is better than what it was at $0.91 which unfortunately yesterday and today SBD's were not too far from reaching, but considering how much Steem as dropped the results aren't too terrible as SBD's were in the low $0.60s during December and not much better in Jan between $0.70 and $0.80. SBD's started yesterday at $0.92 and today looked great at $0.97 but unfortunately fell to $0.93 by ⏰01.45 it recovered some by reaching 0.94 at ⏰02.30 and then $0.96 at ⏰08.15 shame it didn't reach $0.97 again instead at ⏰09.40 SBD's fell to $0.94 again and from ⏰12.05 it would often fall to $0.93 we saw $0.95 again not long ago but didn't hold.
Always do your own due diligence the above is only a opinion.
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