Saturday, December 7, 2013

BTC lost 40% of its value, and I feel fine

It must be a nasty time to be a speculator in bitcoin. with BTC down in the $600 range it's lost a huge chunk of its value the past few days. But for microtransaction players like me, it's meant that the advertisers are coming out of the woodwork and offering slightly better terms. I'm at a bit over 4% of my private goal to earn 1BTC just through microtransactions. No currency speculation, no gambling, just looking at ads and any other small tasks that might come my way. For me, this loss is a partial return to trend. We're still somewhat higher than BTC should be and I anticipate further drops before the whole cycle starts over again with another spectacular runup in value followed by another partial pull back.