If you survived this dip you are a Bitcoiner. You will become free very soon.
Before I understood #bitcoin I also owned ETH, XRP, IOTA and index funds. I no longer own those.
Being free is the ultimate wealth. Work hard for some years to become free. That’s how life should be and #bitcoin will bring this back.
When the Gold ETF got approved they increased the supply to get more gold to the market. Three months after the #bitcoin ETFs the new supply got cut in half. The only way for whales to get more BTC is to create FUD so weak hands sell.
$1B in trading volume on the ETFs after 34 minutes. Someone is buying the dip👀
The only thing normies are talking about right now are the elections in USA, UK and France, Tour de France, European Championship in Football and Formula 1.
They’re not even close to understanding #bitcoin. Too much distraction going on.
If you announce that you are going to sell your coins before you do it you show that you want to sell the coins as cheap as possible. If not you would sell it in silence. This means the German government hates their people and are working for someone who wants cheap #bitcoin.
Here’s a summary of the FUD since 2021:
- May 2021: China bans mining
- July 2021: The price falls to $31k
- Oct 2021: Futures ETF gets approved
- May 2022: Luna crash
- June 2022: Celsius crash
- Nov 2022: FTX crash
- Nov 2022: Price falls to $15.9k
- Nov 2023: Binance got regulated
- June 2024: Hedge Funds shorting BTC
- July 2024: Germany sells their holdings
- July 2024: Mt. Gox re payment
- July 2024: The price falls to $54k
This is the worst part of being a Bitcoiner. When a woke country gives you a free dip out of nowhere and you have no fiat coupons available to buy it.
- USA: «Miners are soon empty. Sell!»
- Germany: «Ok boss, we’ll sell now»
- USA: «Good boy, our elite is happy now»
Blue pilled people:
- BTC at $69k: «How can I buy BTC?»
- BTC at $16k: «So glad I didn’t buy it»
- BTC at $74k: «How can I buy BTC?»
- BTC at $57k: «So glad I didn’t buy it»
- BTC at $1M: «You’re so lucky!»
How it works:
- Miners FUD
- Weak hands sell coins to whales
- Germany FUD
- Weak hands sell coins to whales
- Mt. Gox FUD
- Weak hands sell coins to whales
- No weak hands left
- We go to $1M per #bitcoin
Imagine being a German and seeing your government giving away generations of #bitcoin wealth to Wall Street, plebs, Saylor and Dell.
You get scared that you are losing fiat value when #bitcoin goes down in fiat terms. I get scared because I don’t have any fiat available to buy the dip.
We are not the same.
According to Google Search Trends people have the same same level of interest in #bitcoin now as they had in May 2020 when it was at $9.5k.
What we are seeing now is that hedge funds are shorting #bitcoin through Futures ETFs so that miners needs to sell their BTC cheap to them. When all the weak miners are cleaned out it's bullrun time.
How the fiat system will end:
People holding stocks or real estate usually sell if the price is right.
If you ask a Bitcoiner for what price they sell they’ll say it’s not for sale for fiat.
#bitcoin is different because the hodlers wants to bring down the fiat system, and won’t spend BTC before it’s done.
Wall Street will find this out the hard way. They’ve never met people like Bitcoiners before. They’ll sweep up the coins of weak hands first, but then they will meet a wall of plebs that won’t sell before the price is so high that the fiat systems implodes.
Why do we have to pay taxes when the government can print money? Because then they can tax normal people and get back some of the printed money that normal people got when they printed for their rich friends.
The global wealth we know about is $900T. It’s hard to say how much hidden wealth there are, but it will flow into #bitcoin so we will see soon enough👀
#bitcoin is like being able to buy insurance on your house while it’s burning. And trust me, it’s burning now.