Saturday December 16, 2017
Total BTC mined: 0.40171613
Total BTC mined USD: $7596.65 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $0.00
Bitcoin is on the march to $19,000 this morning as the currency has jumped spectacularly over the last day. The increase in price has seen overall mining ROI pass 400% while overall BTC mined has passed 0.4 coins and overall nominal USD is near $7600. It seems that everyone has put their money in Bitcoin over the past few days as momentum for Litecoin and Ethereum slowed and Ripple started to fall back as investors took profits and moved money elsewhere.
This environment must be exciting for anyone who bought late in the game and has been looking at a loss over the last two weeks. Bitcoin briefly passed $19,000 before falling into the 16-17k range and I think casual investors were starting to get nervous but now they are likely putting even more money into BTC while others suffering from FOMO are likely registering accounts as we speak.
As prices have risen the speed at which governments around the world are now proposing new regulations, standards and tax guidelines has accelerated. From Malaysia to South Korea and of course the United States, a growing flow of proposals, policies and guidelines have seemingly come from nowhere and the currency seen as being outside government control is about to come under the very thing it despised.
For anyone who loves cryptocurrency as much as I do, I encourage you to get a glass of your favorite whiskey and refresh every few minutes to see what happens. Onward and upward.
Today’s picture comes to us from Barnyz