TD₿: Why Bitcoin’s Boring Price Action is a Good Sign - (a Swan original video) with Hurley
TL;DR: Bitcoin's price may seem dull, but it's the perfect time to stay the course. Learn why steady phases are crucial for long-term wealth and how patience can lead to success.
Hey Bitcoiners,
Bitcoin's current stagnation around $58K has frustrated some investors, but this slow phase is typical in its historical cycles. In this video, Hurley explores how past data shows that Bitcoin often consolidates after halving events before significant upward moves, making this a key time for long-term accumulation.
Key indicators, like declining exchange reserves, suggest strong demand despite the lack of price movement. Bitcoin's true value is best realized over 5 to 10 years, so short-term fluctuations shouldn't deter investors.
Patience and conviction are crucial. Like early investments in Amazon or Apple, those who hold Bitcoin through these phases are likely to see substantial rewards as it matures into a dominant digital asset.
Enjoy!
Tick tock next block,
The Swan Education Team
The Daily Bitcoiner is Powered by Marathon Digital Holdings - setting the pace for the Bitcoin mining industry.
Sign up for Swan and receive $10 in free Bitcoin today.
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 has a couple of things going for it: one is that it is distributed, with no single point of failure, no "mint", no company with officers that can be subpoenaed and arrested and shut down.”
- Hal Finney
Job of the Day
Go Engineer
Location: Anywhere (Remote)
Type: Full-Time
Position Summary
Our team is looking for an experienced Go Engineer to help lead our team's efforts in developing and implementing core product features for our wallet SDK and swapping service. This role will focus on implementing novel features that leverage the Taproot Assets protocol on Lightning.
Our mission is to deliver the optimal self-custodial user experience so anyone can custody, swap, and transfer Bitcoin or stablecoins (and other assets) seamlessly over the Lightning Network.
Joltz is eager to have you on board if you're ready to jump in!
Essential Skills
Deep experience in Go, C or C++
Excellent communication skills, willing to work with distributed team across multiple time zones
Previous experience working with Lightning, Bitcoin, submarine swaps, self-custodial wallets is desired
Ability to create clean and performant codebase; willingness to work on both frontend and backend of tech stack if needed
Hard worker, quick learner, willing to do what it takes to get the job done ahead of proposed timelines without compromising quality
Strong desire to learn and develop new skills, willing to take the lead on product efforts and find solutions to complex problems or tasks
Qualifications
Ability to work on Eastern Standard Time Zone; PST is okay as well
Ability to work 40 hours a week
At least 3 years experience in Go; or considers themselves and can demonstrate to be highly proficient in Go; previous work with LND or a swapping solution is a plus
Ability to simplify tasks, can build simple and performant solutions
Excellent communication skills
Strong desire to write maintainable code
Ability to work independently with minimal supervision; even assist in leading the team’s product vision and efforts by supporting other team members
You can email contactus@joltzrewards.com if you have any direct questions.
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Lightspark Launches "Extend" to Enable Instant Bitcoin Lightning Payments for U.S. Businesses: Lightspark News
10-Year Anniversary of the Passing of Hal Finney: Rare Video
Bitcoin ETFs Experience Largest Outflow in Three Weeks, Ending Positive Inflow Streak: HeyApollo
On This Day (In Bitcoin History)
August 29th, 2013 - The word "Bitcoin" is added to the Oxford English Dictionary
The OED, which is widely regarded as the authoritative record of the English language, defines “Bitcoin” as:
"A type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank."
Swan Shortie of the Day
Event of the Day
Indonesia Bitcoin Conference 2024
Dates: September 6-7, 2024
Location: Bali, Indonesia
The Indonesia Bitcoin Conference is a prominent, community-driven event dedicated exclusively to Bitcoin. Organized by the Asosiasi Indonesia Bitcoin Community, the conference aims to enhance awareness and understanding of Bitcoin while strengthening the local and international Bitcoin community in Indonesia.
Key Details
Focus: This is a Bitcoin-only conference, meaning it centers solely around Bitcoin and related technologies such as the Lightning Network rather than encompassing a broader range of cryptocurrencies.
Purpose: The event educates and brings together Bitcoin enthusiasts, professionals, and companies. It covers a range of topics, including the future of Bitcoin, mining profitability, regulatory developments in Indonesia, and Bitcoin's role in human rights.
History: The first conference was held online in 2021, attracting over 1,000 participants. It has since grown into an annual event highly anticipated by the Bitcoin community in Indonesia.
Speakers and Agenda: The conference features a diverse lineup of speakers, including well-known figures like Dr. Saifedean Ammous, author of The Bitcoin Standard, and Robert Breedlove, CEO of Parallax Digital. Topics covered include Bitcoin's future, mining, adoption in Indonesia, and on-chain analysis.
In 2024, the organizers announced that the conference would shift to a biennial schedule, with the next event planned for 2025. In the meantime, the community remains active through meetups and other educational initiatives.
For more details, you can visit the official Indonesia Bitcoin Conference website.
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
Thanks for reading The Daily Bitcoiner! Subscribe for free to receive new posts and support my work.