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

An important question to ask yourself is: if the Fed can control inflation, how did it get out of hand in the first place? Either incompetence, negligence, or malevolence. I like to think it’s a little bit of everything…bottom line, humans are flawed and corruptible. Not to be trusted with extreme power, even when dispersed among small groups.

#Bitcoin is superior as it’s a more predictable monetary policy, even when considering volatile fluctuations in other regards. If you work hard and store your value in #Bitcoin in cold storage, there’s no possible way for a third party to dilute your share of the network. Simple, yet brilliant.

#BTC already beats the “low” target inflation rate set by the Fed, and it will continue to exponentially decay until there is 0% inflation. Something that seems feasible, but has never been witnessed by the human race: an infinite stock to flow ratio…

BTW, I’m absolutely LOVING these cheap sats, an obvious indicator that nobody understands #Bitcoin yet. People do understand #Bitcoin, but the long term orientation is hard for the human mind to comprehend. At best some people understand #Bitcoin NOW. Much like you can understand an infant, because you still can only imagine the person they will grow to be… #Bitcoin is still an infant who has barely taken their first steps or mumbled their first words. This is not a bad thing, both growing pains and milestones lay waiting in its future.

Don’t make the mistake of listening to FUD; you are much better off watching whales. Why listen to a no coiner when you see whales withdrawing thousands of #Bitcoin from exchanges at a time?

Only 5.8% of #BTC remains on exchanges. Supply shock is imminent. No one is prepared.

With the latest FUD from Nassim Taleb, I think it’s only fair to meet it with FOMO. While Nassim has a point that trading volumes are down from all time highs, I think he is oblivious to the fact that a resurgence in trading volume is likely. Not to mention the enhanced euphoria coming out of the longest #Bitcoin bear market.

What Taleb calls decay: I call purification. We could still see more purification, but it will only be to the benefit of the benevolent actors in the space.

People trying to FUD about #Bitcoin putting in a local bottom is not only laughable, it’s extremely bullish, when a local bottom is as bad as it gets, I’d say things are pretty good.

I’m taking advantage of undervalued sats.

If they want to show their nasty true colors, they will be vanquished in the bright orange light.

It’s an atrocious thing to witness, but I believe the free market will provide more options faster than the opposition can prosecute. The victims are innocent, and I refuse to see them as anything other than modern hero’s. Standing for privacy is standing for freedom

Stack cheap sats = win

Withdraw for low fees = win

Don’t let extreme emotion be the driving factor for your victory. Stay calm and collected, being rational in times of irrationality is a superpower.

#Bitcoin is the base layer we can build a better world on. Everyone can be included.

Options to avoid on-chain fees will continue to be created and used, I don’t think #Bitcoin is only for wealthier individuals, instead I think on-chain transactions will begin to become more of a luxury and less of a necessity, at least for the end user.

#Bitcoin doesn’t just have all the properties of perfect money, there are trade offs you can make to help #Bitcoin better fit your needs, whether it’s through different layers, custodians, or other off-chain solutions.

Splicing implementation when it comes to the Lightning Network will greatly reduce the headaches and limits associated with liquidity. Being able to increase or decrease the liquidity in a payment channel without needing to close the channel, not only makes running the channels cheaper and more efficient, but also boosts liquidity and scalability.

Splicing will help blur the lines between on-chain #Bitcoin and Lighting Network transactions. I cannot emphasize how enthusiastic I am about #Bitcoin not only being the best, but continuing to get better. It’s scary good…while intimidating…when on the seeming cusp of dystopian digital control, scary good digital freedom is your greatest ally.

People are getting desperate for bullish price action. #Bitcoin never gives you what you want, it gives you what you need. Desperation leads to burnout, and we need more time to accumulate relatively cheap sats.

Too many people are taking this opportunity for granted, I refuse.

I don’t think the Fed will flip dovish yet. I expect them to wait until last minute; there’s still more runway before a crash is imminent.

We might get cheap #Bitcoin on Friday if enough people expect the Fed to flip dovish this time…like I said I see no reason to expect a dovish flip…but that won’t stop people from getting disappointed.

Some fall to greed, some fall to fear, but don’t forget about those that fall to boredom.

#Bitcoin doesn’t need any external catalysts, in fact we would likely benefit from more boredom, less FUD and FOMO.

Boredom takes noise out, you want to listen to those who never get bored of #Bitcoin.

You can’t support both the banks and the people, history has shown banks shouldn’t be trusted with your wealth, at the end of the day you are just another number in their system. If you run out of money, your bank fines you, but when the bank runs out of money, it’s the people who face consequences.

#Bitcoin fixes this, you should never trust a third party with more of your value than you are comfortable losing.

While self custody can seem like a daunting task, I think it’s fair to say #Bitcoin is the easiest asset to self custody no matter the amount.

If #Bitcoin isn’t going to new lows, it’s going to new highs.

If it isn’t going to die, it’s going to thrive.

And if you are on the sidelines, that’s likely where you will stay.

The halving is coming, are you prepared?

In my eyes, spot #Bitcoin in self custody is second to none. Diversifying just seems silly to me.

Soon many people will rush in chasing NGU, but they might miss the most important part, being able to hold all your funds 1:1 with no counterparty risk.

I don’t care about BlackRock, instead I wonder if Satoshi was bullish enough. He provided the perfect solution to broken money, but it’s unlikely he could predict the future, or that in a decade and a half #Bitcoin would be sought after by the biggest asset managers in the world.

One incredibly bullish tidbit of information: last week was the worst week for price performance all year. It was only a 10.5% drop, either people are overreacting or we will get cheaper sats…I don’t plan on waiting to stack, instead I’ll keep to my schedule and stay humble and solvent.

Satoshi would never lose his coins on accident, Satoshi would never claim to be Satoshi, and anyone who claims to be Satoshi, but needs help proving it is a brain deficient clown.

#Bitcoin wasn’t made by Clown Griftin Wrong. Satoshi either walks among us or waits with God.

I don’t want the dollars I work for to lose purchasing power; I never get upset when the dollar rallies. Recently the Fed has been strengthening the dollar and I secretly admire their effort.

Unfortunately, the decisions are made behind closed doors, and are based on lagging data. This results in an erratic monetary policy.

An erratic monetary policy that I have no comfort storing my life savings in, especially over the long term.

Predictable money is hard money. #Bitcoin’s monetary policy is the most predictable monetary policy to my knowledge.

The only unpredictable part of #Bitcoin is how many people understand it vs how many people thought they understood it.

History and the future usually rhyme, which could indicate September to be a bad month for price and a good time for accumulation.

#Bitcoin is seeming very oversold, as usual, these are the times where it’s hardest for me not to FOMO in, having a predetermined accumulation plan helps me stay humble and solvent.

So far it looks like we are gonna crab again, but there’s no telling how long we have to accumulate at these levels. Prepare for the worst, hope for the best: prepare for parabolic, hope for prolonged crab or dips.

I have no problem with the Fed attempting to strengthen the dollar. I enjoy being able to get more #Bitcoin for my hard earned money.

Who wouldn’t?

It’s been a hot couple of days in the sun with no service. I haven’t been able to check in as often as I would like, but so far it’s been the same old crab. It’s funny, it seems with the low volatility people are still prone to acting irrational, just on a smaller scale.

With this recent “downturn” people seem to be turning bearish, I think max pain for #Bitcoin is even MORE crab action and fake outs.

But what do I know? I probably haven’t been drinking enough water and might have heat stroke. Lol.

When’s the best time to buy #Bitcoin?

Anytime you have purchasing power you don’t feel like risking!

Over the long term it’s better sat in #Bitcoin than anything else.