Tuesday January 23, 2018
Total BTC mined: 0.46683457
Total BTC mined USD: $5041.93 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $0.00
Since my last post Bitcoin has shed another ~10 percent of it’s value to hover around $10,800. For anyone who invested in BTC when it was at $15-19k range you’re probably sick to your stomach and you may have already sold out of your position or maybe you took the plunge and bought even more in the hopes that $100k/coin territory is on the horizon.
When I first started this blog, Bitcoin was around $3000 after having plunged to $1800 in a flash crash over the summer. Over the course of just six months it has 5x in value and that’s where I keep my perspective. It’s easy to look at the short term and think that the cryptocurrency revolution is over now that life savings and lines of credits aren’t being tossed into the ring on a daily basis but I look at my ROI to date of 2.66 and I’m content because my goal of investing in cryptocurrency was never to drive a Lamborghini or buy a $10 million house in the south of France, it was a to see what would happen and I’m humbled by the response to this blog.
To those of you upside down on your investments and looking at alternative investment vehicles. Put money you don’t want to lose in safe investments like bonds and high yield dividend stocks with minimal principal movement (O, LTC … neither of which I currently own) and diversify your crypto portfolio with ETH, LTC, BCH and XRP with daily loaning.
By the way if you’ve been a longtime reader, go ahead and say hi in the comments. I didn’t think blog commenting was a thing anymore but I have a few entries that have racked up quite a few takes.
Today’s photo comes to us from JMillott