It would be hard to find the right words for what's happening at the end of January, as everything is red — meaning everything related to the stock market or anything connected to it is in the negative. Unfortunately, cryptocurrencies also feel this, as in a single day, that is January 30, 2018 – January 31, 2018 between dawn, the previous day's value above 12,000 USD Bitcoin (BTC) is currently at below 10,000 USD by 100 USD.
You can really feel that the first month of the new year has already passed, but following December's brilliance, Bitcoin is really struggling to recover. Fortunately, it's still holding on, but looking at miners, a teeth-gritting situation is beginning to develop right now.
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Mining is tough, the block reward is already half of the initial one, and such minor things as the incredibly fluctuating exchange rate add to the gray hairs. More than 2,000 USD in a single day is a lot. True, if we consider that compared to the December peak, a Bitcoin is slowly worth half as much, then it's not quite as dire, but by no means reassuring.
Before those wishing Bitcoin to hell start their enthusiastic applause, let's note that USD, EUR, and other currencies are also plummeting, so it's not that surprising that the decline of the "big ones" – regulated currencies backed by gold – can also heavily drag down almost all digital cryptocurrencies.
Right now I'm worried too, but as they say, if we didn't put the kid's school lunch money into Bitcoin, it can't be that bad even if it drops to zero. But instead of bad moods, let's think that someday, if it's worth 100,000 USD, we'll be rich! Or everything goes bust and we'll be happy to order one pizza for 10,000 Bitcoin, not two, just one (inflation). 😀
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