Bitcoin Day 2: $120 billion gone

Today, on The Wall Street Journal:
Bitcoin Plunges 25% in 24 Hours in a Cryptocurrency Market Rout
Digital currency has lost more than $120 billion of its total market value in less than a week

The price of bitcoin tumbled sharply Friday, wiping one-fourth of its market value in the past 24 hours alone, as a wave of selling hit the broader cryptocurrency market just before the Christmas holiday weekend. (Read more on WSJ.)

People are reacting in different ways. The skeptics are convinced that the bitcoin is in a bubble that would soon crash into worthlessness before everyone could realize it was time to leave the game.

Altcoins are also heading south. For bitcoin newbies like myself, this is either an exciting time to really understand the level of volatility that surrounds bitcoin or a devastating time to realize that I got in the game way too late.

This could just be a time when the so-called investors are being sorted out. How tough are you? Are you in it for the long haul, or are you merely jumping on the bandwagon? We’ll see soon enough.

Looking for a Bitcoin Blogger

“Blogger” is one of the keywords I use when seeking jobs on Upwork, which is one of my hunting zones for part-time or freelance work. Every day, I’d see new job ads from clients looking for bitcoin bloggers. I used to ignore them.

Some of my friends here in Baguio city have gone completely mad about bitcoin. And just about a month ago, CBS’ “The Big Bang Theory” dedicated an episode to bitcoin a couple of weeks ago. The universe has just been feeding me with prompts. I have to respond. For good karma.

Still, as a stubborn procrastinator with attention deficit disorder, I said I’d learn about it “later.”

Then, just two or three weeks ago, I declined a project on cryptocurrency and blockchain. I apologized to the young and diplomatic client (certainly one of my favorites) because I simply wasn’t equipped to write about the subject yet.

The same client gave me another blockchain-related topic just three days ago. Any sensible freelance writer would know: our life is about incessantly expanding our comfort zone.

I wasn’t comfortable writing about bitcoin a month ago. But I have realized that I gotta adapt. So yesterday, I looked for a bitcoin app without reading much about what’s good and what’s bad. Today, I tinkered with the app I chose and got myself some satoshi.

I need to mine about 15,000 to 20,000 satoshi for 30 days before I could withdraw from the app and have some balance in my bitcoin wallet. Here I am, 2018. Watch me tap my way to pull in some satoshi.

I’ve got a long way to go. So I thought I’d document the journey here. Now who’s looking for a bitcoin blogger? I’m on Upwork.

In the past: I’ve ignored all games that gave satoshi as rewards. I was one of the skeptics who thought it would take me a billion years before I could make a bitcoin. I didn’t have the faith to simply make some baby steps. I had nothing to lose, anyway.

Remember this: Life would earnestly push whatever it wants to plant in your universe until you open your door to it. Pay attention to what’s been rolling down into your turf. It might be worth something.