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Seth Michael Steele
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We must live together as brothers or perish together as fools #Bitcoin

I would never warn my followers that #Bitcoin might go lower and that they should sell now in hopes of buying cheaper later.

I WILL warn my followers that billions if not trillions of dollars are about to flow into the space, competing for the very same coins you want. The likelihood of you getting cheap #Bitcoin later dwindles with each day that passes.

A balanced, slow, and steady approach when it comes to stacking #Bitcoin will build strong hands and strengthen immunity to FOMO and FUD. Not too much, not too little.

I’m a simple man, sideways means up in an uptrend and sideways means down in a downtrend.

I’m also an honest man, I care about the price of #Bitcoin, not because I plan on trading it, but because I like knowing the value of the scarcest asset in existence. I do have respect for no-coiners and the maxis who ignore price, it takes willpower.

I happen to be a curious man, who can’t help but wonder what comes after all time low volatility, especially keeping all of the upcoming bullish catalysts in mind. Stay solvent, find out.

What does it mean when even the bears predictions are calling for higher lows on #Bitcoin?

I take it as a sign to stack #BTC like Tetris.

Lowering your time preference and stacking #Bitcoin is a life hack. It allows you to save without dealing with the unpredictable debasement associated with state issued currency.

I feel safest with a majority of my purchasing power sitting in #Bitcoin over the long term.

The number of people who realize the benefits of doing so will only go up and to the right!

Long-term holders now hold 75% of the total #Bitcoin supply. A continued uptick In accumulation, which is a logical assumption imo, without significant sell pressure could trigger a supply shock.

The ~14.6 million #Bitcoin held by long term holders sets a record for being the highest amount seen EVER, meaning the least amount of available supply met with the highest amount of demand is in our foreseeable future. Saying no one is bullish enough is an understatement.

From trough to peak last cycle was a ~20x, I believe this cycle could rival the last meaning $310k, However I have been stacking in a way that I would be completely fine if we didn’t even break ATH this cycle. Preparing for the worst while hoping for the best is just another way to stay humble and stack sats.

We have two halvings in the next 5 years and the world is oblivious to the opportunities price stagnation provides. Stack before they wise up!

PayPal is launching a stable-coin, will it be bigger and better than USDT?

I don’t think so. Even though tether has branched out, they originated as a stable coin called “realcoin” on the #Bitcoin network using an early #Bitcoin layer called Omni Layer which aims to connect all chains.

Where as, PayPal is launching on the ERC20 standard…representing a significant mismatch in knowledge between the two companies in tether’s favor.

Furthermore, when it comes to what the companies hold in reserve’s, tether plans on continuously purchasing and holding #Bitcoin with profits, but PayPal has made no mention of the same intentions.

Make no mistake I’m #Bitcoin only. I just happen to be so bullish and optimistic when it comes to the asset that I believe you can only compete with a company operating on a #Bitcoin standard by becoming a company that operates on a #Bitcoin standard. After that it’s just a matter of conviction!

There are moments in time where the trend isn’t your friend, but the cycle is, we are in one of these moments, people are too traumatized from the previous bear to see the new bull forming. They are expecting #Bitcoin to plummet again, without realizing the FUD they have been spreading has shriveled up from new cycle lows to <10% drops.

Bad actors have been purged from the system and we have experienced a healthy decoupling from traditional assets that I expect to continue. I’m still convinced no one is bullish enough.

Will the new LK-99 superconductor substance compromise #Bitcoin’s encryption by allowing major innovations in quantum computing? Imo it’s still too early to tell, as there is only the one study conducted so far.

Keep in mind the 10 minute window works in our favor. Cracking SHA-256 in 10 minutes required 1.9 billion qubits, current technology only allows for a 5,000 qubit quantum computer. Each qubit is estimated to cost $10k.

While we likely have some time before this becomes a major problem, starting to move towards a quantum resistant #Bitcoin can never be done too early. One solution could be changing public/private key pairs from 256 bit to over 1 million bit.

One of the biggest challenges will be reaching consensus on which steps to take in order to do so.

Here’s the worst case from the mouth of Satoshi Nakamoto on the threat of quantum computing:

“If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function.”

If this doesn’t eviscerate quantum computing FUD idk what will!

The bears are losing their grip. A local bottom seems to be forming in #Bitcoin’s Price Action.

I’m hopeful that #Bitcoin will remain range bound around $30k until the halving, but I’m preparing for new ATH before halving.

Whatever the case I think it’s better to stack and see.

Would it be so bad if cheap #Bitcoin stuck around?

I know I’ll miss it when it’s gone! 🥲

The US won’t be the first to back the dollar with #Bitcoin, Tether is already “backing” their digital dollar with #Bitcoin by allocating up to 15% of profits into #BTC while also mining #Bitcoin in ESG-friendly ways In Uruguay.

I don’t hold any money in USDT, and I don’t plan on doing so, but the more they adopt a #Bitcoin standard, the more I will want to see them win. In my eyes adopting a #BTC standard is a very redeeming act, and I hope other companies follow suit after seeing Tether’s success.

Edward Snowden is a hero, he saw problems with mass surveillance in the system and revealed them to the public. It’s no surprise he sees the importance of #Bitcoin, being such a strong advocate for freedom!

Stable coins are better than 99.996% of “crypto”, which is telling because it’s LITERALLY fiat😂. However, of these fiat coins Tether reigns supreme when it comes to profits, and they’ve decided to stack up to 15% of profits into #Bitcoin!

This could mean the only way for a stable coin to beat out Tether would be to stack more #BTC than their competitors! #Bitcoin Adoption Game Theory at its finest; a theme that I suspect will become more prevalent in all corners of the market!

Tether’s #Bitcoin address has been found, revealing a war chest of 55,022 #BTC ($1.67 billion). This is inline with the amount they reported in their Q1 2023 Assurance Report.

Although a publicized address won’t jeopardize its owner’s funds on its own, once publicized you must take extra precautions when it comes to safely securing your keys! Becoming pseudonymous after being publicized is no easy task. Yet!

Tether currently stands as the 11th largest #Bitcoin holder in the world, while some people FUD over the lack of transparency and possibility of hidden risks, I wouldn’t see its demise and redistribution of funds as a bad thing, with a low enough time preference, EVERYTHING is good for #BTC.

Even if they remain in operation, it seems they could turn over a new leaf. Shifting away from crypto and bonds while moving towards #Bitcoin is a wise, honorable move on their part. I would much rather Tether redeem themselves in the eyes of maxis than fail, and I think stacking up to 15% of profits is a good start…let’s see where this goes!

My favorite thing about a spot #Bitcoin ETF?

For now, the approval seemingly hinges on the filer’s ability to prove there will be NO REHYPOTHECATION!

Believe it or not, the SEC doesn’t want there to be anymore defaults than we do. Now, whether they are competent enough to prevent this through proper procedures is still up for debate.

It’s hard to estimate exactly how much money is expected to flow into #BTC, but it isn’t hard to estimate how difficult it will be for institutions to gain exposure to #Bitcoin after a spot ETF is approved…EFFORTLESS. Think of it as newfound demand, a good bit of which is smart money, coming in with diamond hands.

Keep in mind the efforts for getting a spot #Bitcoin ETF is no new subject. It’s been in the works for a decade, but this time seems different with BlackRock leading the charge.

The deadlines for these ETF approvals are likely going to act as a catalyst to kick off this next cycle, if approved, there will be multiple new avenues where demand for exposure can be satiated.

There are people scared of cheap #Bitcoin.

I for one drool at the thought of cheap #Bitcoin  and don’t plan on selling no matter the FUD, as long as #BTC is the easiest way to self custody my funds and protect my buying power in the long-term, I’m sold!

According to Santiment’s Age Consumed metric long-term holders are moving coins to exchanges, possibly due to fear, which means cheaper #Bitcoin for me.

People can sell their coins for any fiat price. I'll gladly add their #Bitcoin to my cold storage!

The US credit downgrade underscores #Bitcoin's value. It's a reliable, predictable currency, unaffected by a nation's fiscal missteps. Yet, it requires self-custody, not exchange IOUs!

The downgrade might not impact US markets significantly, but it could affect those the government owes. Videos of lost pensions are concerning, whether related or not.

Many people fully trust the government, risking massive losses. The best course of action? Stack #Bitcoin, self-custody, educate, and hope for the best.

The time #Bitcoin remains range-bound links with market psychology when it breaks free. The longer it’s range bound, the bigger the following move. Seeing as we are closer to $15.5k than $70k; I’d say it’s worth accumulating.

Even though I don’t have and exit strategy, because #Bitcoin is my exit strategy, I still enjoy getting #Bitcoin for a good deal. Imo #Btc is at a fair price in the short term, a good price in the medium term, and a fantastic price in the long term.