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It's Tuesday, and we are feeling extra bullish! Now sit back and relax for that sweet sweet signal! | | Today's Rundown: - The Power Of DCA: Dollar Cost Averaging into bitcoin is the way to go.
- Letter to Senator Warren: Why Progressives should love bitcoin.
- Diversifying Into Mining: Urban Television Network begins its bitcoin mining journey.
Let's do this. | | | Profiting Big From Bitcoin DCA
By Nik Hoffman
After running the numbers it's clear as day that dollar-cost averaging into bitcoin over time is a very profitable strategy!
Diving into the Bitcoin rabbit hole can be overwhelming at the beginning. While you will be informed on Bitcoin's potential, its normal to want to eat the world in one bite, and volatility can be harsh on newcomers, and often punishes those who invest more than they can stomach. The question remains, how should I enter this market?
When entering the community, you will find people advocating for DCA'ing into bitcoin, or Dollar Cost Averaging. In this piece the author explains to us the great potential of this strategy, and why this is the winning strategy; whether you chose a daily, weekly, or monthly frequency, averaging your way into the hardest asset on earth is the best way to go.
"If you were to have started daily DCAing $10 into bitcoin every single day since August 12, 2017, you would have invested a total of $14,610 dollars at the time of writing. That money saved in bitcoin would be worth a total amount of $84,506, approximately 1.82 BTC. That's a total return of 478.41%." - Nik Hoffman. | | Why Progressives Should Love Bitcoin: An Open Letter To Senator Elizabeth Warren
By Samantha Messing Dear Senator Warren: Bitcoin Is Not Powered By A "Shadowy Faceless Group Of Super Coders." In Fact, It Is Hope For People All Over The World.
This letter addressed to Senator Elizabeth Warren is a proposition on why the Senator should reconsider her position regarding bitcoin, and adopt it, as it aligns with her views of giving power to the people, as opposed to the current monetary system which unfairly benefits a small segment of wealthy individuals.
A key point of this piece is an explanation of how Warren's misguided position on Bitcoin is actually hurting the people she tirelessly is fighting for, and if Bitcoin can not be stopped. Why aren't we harnessing the benefits of it as individuals and as a country?
"Your voters own bitcoin... A survey found that most black and Hispanic Americans consider Bitcoin's decentralization to be a positive attribute. Is it any surprise that people who have been most oppressed by the State find appeal in a stateless money? Your voters are rejecting the legacy financial system because it fosters economic and racial injustice and perpetuates wealth inequality." - Samantha Messing | | Click the links:
1. Walmart's Search To Hire a "Digital Currency And Cryptocurrency Product Lead" Could Be Promising For Bitcoin.
2. Jehudi Castro Sierra, Advisor To Iván Duque Márquez, The President of Colombia, Called Bitcoin The "Most Brilliant Piece Of Software Ever"
3. Bull Bitcoin Doubles Down On Being A Noncustodial Exchange By Acquiring White-glove Bitcoin Self-custody Service Provider.
4. Robo-advisor Firm Wealthfront Announced That Clients Can Now Get Bitcoin Price Exposure Through Shares Of Grayscale Bitcoin Trust.
5. T-Mobile Servers Compromised, Personal Data Of Over 100 Million Customers Is Being Sold Online. Bitcoiners At Risk Of SIM Swap.
6. CNBC Portraying BTC As A Store Of Value Isn't Pessimistic As It Outlines The Electronic Cash's Path To Full Monetization.
7. Bitcoin Scaling, And The Multilayer Approach To Bitcoin.
8. A Matter Of Time Before The Price Of Bitcoin Began To Match The Continued Bullish Advances In The Market. | | Urban Television Network To Begin Mining In November
By Alex McShane Publicly-traded Urban Television Network Announced They Are Expanding Their Operations To Include Bitcoin Mining Starting In November.
Urban Television Network is a publicly traded company focusing on the development of a cable and television network and streaming technologies. The August 9 they announced that they had acquired 200 bitcoin miners and will continue to expand their operations to begin mining in November.
This is the first announcement of a non-energy company deciding to use bitcoin mining as a new stream of revenue, potentially to hedge their primary source of income. They added that the energy consumed for this purpose will be clean and come with no cost to the environment.
As bitcoin continues to grow, more companies with access to cheap energy will encounter themselves in front of the decision whether they should start mining or not, since the bitcoin market is the energy buyer of last resort.
"We are a fast-growing company and in line with our commitment to excellence, we have decided to throw our hat in the ring and begin crypto mining operations, in a move that is sure to boost revenue and drive growth." - Joseph Collins URBT CEO | | | We're excited to be celebrating our 10th Twitter anniversary in August by giving away 10 Bitcoin 2022 conference tickets. The giveaway will start Sunday, August 1 at 12:00 p.m. ET and run until August 31 at 12:00 p.m. ET. The winner will be contacted by email on Wednesday, September 1. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ | | By Bitcoin Magazine
Happens to all of us! Getting distracted or "focused on bitcoin" is entirely normal as the price starts surging, and it often intensifies the more NgU!
Remember to keep healthy and focus on your everyday responsibilities!
Keep stacking! | |  | |
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