Bitcoin Forum

Bitcoin Jobs and Jobseekers Rise and Fall With Price, Research Shows

According to new research from “augmented writing” startup Textio, job offers relating to Blockchain and cryptocurrency rise and fall entirely depending on how valuable Bitcoin is in USD terms.

http://bitcoinist.com/easy-come-easy-go-bitcoin-jobs-jobseekers-rise-fall-price/

To be fair to myself, all the jobs I still attend to regularly were acquired well before Bitcoin hit $1k again last year. I've definitely seen a massive increase in competition in many areas, especially in freelance content, but only at the lower end of quality spectrum. I would say that interest definitely creates demand for work, but it has also strangely resulted in lower pay (again on the lower quality end of spectrum) thanks to all the new interest, jobs, and competition.

I will say also that opportunities have actually increased this year, all this when Bitcoin has fallen from its ATH. The way ICOs have grown and the funds raised (Q1 2018 already exceeding the entire 2017 totals) should mean there's plenty of funds to go around, hire more people to develop these ICOs and expand.

P.S. Too lazy to read up augmented writing, but I rather think it takes a lot more than Google search to form correlations.

This effect is partly caused by the massive shorting that happened during the correction. This capital isn't miraculously vanished from the market, but instead of flowing back in Bitcoin or Ether for example, it's being put into ICO's. This might also explain why the main crypto currencies aren't booking much progress, and that while we have had quite some bullish events and announcements to steer the market back above the $10,000 level. ICO's this year are breaking records, and it's quite interesting to see that they are able to attract capital, while Bitcoin and Ether are hovering around the same levels for months.

Yes, the decrease in salaries is seen very well, especially for some jobs like community managers etc.