Stock markets are a scan to get you to over pay for shares. $1 worth of Black Rock will cost you $21.55. Your only hope is to sell it later to a chump willing to pay more. And they can issue more shares all while doing insider trading.
#Bitcoin, on the other hand, is pure, honest money, all transacted on a public ledger. Only 21M bitcoin ever. And the price you choose is the price you deserve.
#hodl
It means Nostr is working exactly as it was designed.
Most people can't get rich from #Bitcoin, because they lack the vision and fortitude to hold it LONG term. Like ten years or more. Most people will jump ship as soon as they've made a measly 100%. Or they think they'll buy back cheaper.
Long term #hodl works, but not for most people, because most people are, collectively, stupid.
This weekend is a perfect example why #Bitcoin etf's are not as good as owning real #BTC. The price drops to $61K and you can't BTFD with a Bitcoin #ETF.
Next weekend when Bitcoin is $100K, you won't be able to sell into the pump. Not that you should.
There is no ETF equivalent for unmediated, 24/7 true Bitcoin in your own wallet.
“IBIT is the fastest growing ETF in the history of ETFs. Nothing has gained assets as fast as IBIT in the history of ETFs,” Larry Fink, Blackrock CEO, said on Fox Business, March, 27.
#Bitcoin #Blackrock #IBIT #ETF
Someday, your kids and grand children will be scouring your old shelved computer looking for old wallets or passwords to exchanges, where they hope to be able to reclaim the few forgotten sats that you couldn't bother to move when, back in the day, #Bitcoin was "only" worth $70,000.
Plus, #Bitcoin ETF's truly take supply off market. Unlike rehypothecation that occurred when holders stored Bitcoin on FTX or deposited for interest at cex's.
Buying a mutual fund that can only be bought/sold once a day at close, and trusting its success to faceless "managers", paying relentlessly to fee sucking leaches who make money whether yo do or not, and being told to do this for 40 years, is NOT what the next generation wants. Its not what ANY generation wants. #Bitcoin
#Bitcoin is one step toward self sovereignty. Another is controlling who you are, your #identity. And that starts with your choice of social media. Those who exist on #Twitter #X have no sovereignty. All they have created there can be obliterated on the whim of the platform's owner.
Sometimes, for clarity, it is necessary to strip it all away, then slowly add back only that which is necessary.
That's what I'm doing with streaming services today.
Happy New Year, Bitcoiners!
Strap in and #hodl on!
2024 is going to be epic.
#bitcoin
Re #BitcoinETF: I am less concerned about paper Bitcoin or being unable to withdraw BTC. I'm more concerned about withdrawals from a #Bitcoin ETF resulting in "clean" or "legal" BTC, while everything else is dirty BTC.
Imagine being forced to register your #BTC by washing it through an ETF, or else its illegal, and unconfirmable/unspendable.
When paired with Government coersion, ETF's can be repurposed into devices of control, resulting in loss of what little anon is still available in Bitcoin, potentially forcing taxable events under the guise of outing tax cheats.
In the end, the symbol that will signify SATs is destined to be: $
#Bitcoin
#Amethyst makes #nostr over #Tor easy.
I appreciate that.
Stop watching the day to day price of #Bitcoin. Watch it year to year instead.
The road to wealth is patient.
#hodl
My realistic 1 year #Bitcoin price prediction. Hold me accountable on Halloween 2024:
$80K Usd.
Based on etf approval, halving hype, institutional inflows, growing retail portfolio, allocations to etf, SBF going to jail, new tech announcements, and growing fomo among super rich. Release of Gox funds will easily be absorbed by etf's. USA Gov will hodl their stash. Its all just around the corner. Could it go even high? Absolutely, and it will probably have traded higher by next Halloween.
The longer I hodled #Bitcoin, the easier it became to #hodl Bitcoin.
#Bitcoin price analysts should have to be measurably correct at least once every 3 years. Should not be enough to say, "Could go up, might go down", then claim you were the guy who called it.
The #NSA #Bitcoin lab leak theory has always been an interesting hypothesis. Personally, I think Bitcoin was an invention overdue for discovery given the tools and tech easily at hand. #Satoshi brilliantly put all the pieces together. But if not him then, just some other cipherpunk later. Bitcoin was always gonna happen.
Opening a #Bitcoin buy order at $20100 on Kraken. I don't want it to go that low, but if it does, it might as well end up in my wallet.