TD₿: Bitcoin Dumps to $53K, Time to Panic? - (a Swan original series) with Dante Cook
TL;DR: Despite a strong stock market and positive jobs numbers, Bitcoin fell to $53k. Why does this happen and how does it offer investing wisdom for enduring Bitcoin volatility.
Hey Bitcoiners,
The stock market is strong and jobs numbers look great, so why is Bitcoin crashing? Isn’t Bitcoin supposed to be a store of value? Are you ok? These are the questions Bitcoiners get on days like today where the price of Bitcoin fell as low as $53k.
In this episode of Bitcoin Daily, Dante shares how he responds to questions like this and gives some investing wisdom to hold onto as you weather the storms in your Bitcoin journey.
Enjoy!
Tick tock next block,
Cory Klippsten
The Daily Bitcoiner is Powered by Marathon Digital Holdings - setting the pace for the Bitcoin mining industry.
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Welcome to Bitcoin: 101 Series
Swan understands that learning about Bitcoin can be daunting, and articulating its concepts to your loved ones can often appear like an insurmountable task. So, we created this free 1-hour Welcome to Bitcoin: 101 Series. It’s the best way to orange-pill your friends and family.
With host Natalie Burnell, you’ll learn the many ways Bitcoin can benefit you, such as:
Inflation Protection: Protect your savings from inflation and manipulation.
Investment Opportunity: Potential for substantial returns driven by its scarcity and growing adoption.
Prosperous Future: Decentralized money that serves as a store of value for your hard-earned wealth.
Help kickstart your loved ones Bitcoin journey today!
Quote of the Day
“Bitcoin raised $0 to become the internet of money.”
- Dan Held
Job of the Day
Bare Bitcoin was founded on the idea that in the future, people can choose which currency they use daily. A future where you get paid in Bitcoin, and the whole world uses Bitcoin. It's just as easy to send money to your neighbor as to send money to your relative in the USA because everyone uses the same currency.
Step 1 towards that future has been to create a trading platform. Millions of Norwegians still don't own a single satoshi. We want to change that and believe the way to do so is by creating a service with a 100% focus on Bitcoin. This allows us to create a straightforward product. It is so simple that everyone can understand what Bitcoin is.
That narrow focus is unique among Norway trading platforms, allowing us to outcompete the more significant players. Good focus is about saying no to things and not doing too much at once. We say no to all other cryptocurrencies and believe this focus will allow us to achieve incredible things.
Build, build a lot!
Create an app in Flutter and a website in NextJS+Typescript
Develop anti-money laundering systems in Go+PSQL
Talk to customers, find out what they want, what they need, what they're unhappy with, and how we can make their lives a little better.
Scale Bare Bitcoin to 10x its size.
What can you expect from us?
You can expect to join a small team with decent growth. At the time of writing, we are four people, and your efforts will matter a lot. We aim to become Norway's best Bitcoin broker and are well on our way to taking the niche by storm.
Our culture is characterized by an LFG attitude, a love for Bitcoin, and a desire to create the best Bitcoin service we can. If you also love Bitcoin, you will be able to make a big difference for many Norwegians! If you don't love Bitcoin enough to call it a passion, you will have a steep learning curve about the future of money.
At times, the work can be demanding. In return, you will feel the satisfaction of building something of your own and see that your work improves the lives of thousands of people. You will have "skin in the game" and feel firsthand that doing a bad job has significant consequences for you and those around you. For better or worse.
You will fit in well if you:
Are not afraid to start big projects
Are independent and have experience driving projects forward on your own
Have a startup mindset and like taking calculated high risks
Like to be hooked into using the service and be available to fix things that go wrong immediately
We can offer:
Some of Norway's leading Bitcoin experts as colleagues
Competitive compensation (both salary and a good chunk of shares)
Poor pension (everything you save in a pension will be eaten up by inflation anyway; put it in Bitcoin instead)
A wide variety of tasks
High pace, lots of energy, and the feeling of creating something of your own
A very nice office at Kjelsås
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
Bitcoin 2024 - Nashville
Music City Center
July 25th - 27th, 2024
Connect with the best and brightest in the Bitcoin community at the Bitcoin 2024 conference! Scheduled for July 25-27, 2024, at the Music City Center in Nashville, TN, this event is a must-attend for anyone interested in the future of this transformative digital currency.
What to Expect: Expert-led presentations, engaging panel discussions, and numerous networking opportunities. Highlights include cutting-edge insights into Bitcoin innovation, adoption trends, and the much-anticipated halving event.
Kickoff Party: The festivities begin with a 12-hour all-inclusive "Pleb Party," where attendees will mingle with notable figures from the Bitcoin scene. This year, Swan Bitcoin is sponsoring the Pleb Party at 2024 Bitcoin Nashville on July 25th.
Buy tickets here.
Tickets: A range of ticket options are available, from general admission to VIP packages with premium seating and exclusive amenities. Additionally, there's a unique offer for students, providing free entry to foster education and participation among the youth.
Organized by: BTC Inc., known for its pivotal role in the community through Bitcoin Magazine.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
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