Monday July 31, 2017

Total BTC mined: 0.02783443
Total BTC mined USD: $80.47 (based on today’s current exchange rate)
Total Spent: $1891.50
Remaining to break even: $1811.03
ROI: 0.0425

Over the next two days the bitcoin world will either end or in all likelihood continue with some drop in price as money flows back into other cryptocurrencies. BTC to USD continues to spike as money flows in from new buyers hoping for a low risk bonus / dividend and sellers ditching every dollar of alt coin from the exchanges. As of this writing we’re almost to $2900/Bitcoin and it looks like my decision to go all in on alt coin has been a case of poor timing as money continues to flow out.

Still I regret nothing and with the additional Bitcoin that will (fingers crossed) be mined over the next few days, I’m hopeful that I can turn a quick profit on currency recovery and short term loans for margin traders. I realize 0.027 Bitcoin isn’t a million dollars but for purposes of casual investing it represents a lot of money for most people.

Transactions for the next two days will be frozen for the most part so most of my reporting will be on whether the world ends or whether this is a bump and things go back to normal. I think market activity will be slow for the next week as people keep their $BTC in private wallets and give the system enough time so the real action may be next week.

Exciting times everyone!

Today’s featured image comes from Susanne Nilsson