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

Fair value accounting will increase transparency when it comes to companies adopting holding #Bitcoin on their balance sheet.

Bullish.

Grayscale holds ~628k #BTC?!?!

It’s on behalf of investors, but a #Bitcoin behemoth nonetheless.

Those who stack #Bitcoin at its weakest benefit most from it gaining its strength.

However I’m indifferent and always stack.

Say what you will, I’m stacking the scarcest digital asset regardless of price.

#Bitcoin

#Bitcoin is immortal. Nothing can kill it. The more people realize the importance of #BTC and use it the stronger it becomes.

A hyper resilient Terminator.

If a spot #Bitcoin ETF has the same effect on #BTC as the spot Gold ETF had on Gold, then we might not see another bear market for a while.

Supercycle?

Price corrections in the short term will only fool people who are in #Bitcoin for the short term, but this is the wrong game to play.

Long term hodlers know where we are going.

The wave of funds a spot #Bitcoin ETF would bring is MASSIVE.

Are you prepared?

They can delay a spot #Bitcoin ETF all they want.

They can’t delay me from devouring cheap sats.

If you are quiet, you can hear the #Bitcoin bull charging forward at full speed.

It won’t be long until it’s upon us.

Is BlackRock going to buy all of your #Bitcoin?

Only if you sell.

Pain is gain when it comes to #Bitcoin, when the market is experiencing pain, your wallet should be gaining sats.

When the market is experiencing face melting gains, remember the pain that may come, and allow it to motivate you to stay humble.

The potential pain ahead of us in the short term is heavily outweighed by the potential appreciation of value of the long term. #Bitcoin remains the most asymmetric bet money can buy imo.

I shall charge forward without caution because I already took the time to calculate MY perfect pace.

I hate when people use leverage, seems like there is so much risk associated that it is usually a factor in any financial catastrophe. However, I love the opportunity that financial catastrophes can provide. I don’t find it greedy to capitalize on financial ruin, I find it greedy to wreck the financials for yourself and others. Taking a risk that might turn into buying the bottom is beneficial for everyone, and staying solvent so you can do it again is more so, I suggest doing so in a routine manner.

I wasn’t able to hit the absolute bottom in Fiat terms of $15.8k, but I was able to stack a decent amount within 5-10% of the bottom, which I consider best case, as you will find the people who give 100% effort trying to time the absolute #Bitcoin bottom still fail, and end up FOMOing in at higher levels.

FUD about an upcoming crash has gotten me excited. Not only for stacking cheap sats, but for the purification it brings, it gets people who are chasing Fiat out and strengthens the conviction of those who understand #Bitcoin.

September is historically a bearish month for #Bitcoin. I hope none of you treat this like a bad thing. Discounted prices always = opportunity.

Whale FUD is irrelevant until they start accumulating stable coins, and this hasn’t happened yet.

The longer #BTC stays under $30k the happier I’ll be. I don’t care if the whales start accumulating stablecoins; I’m too busy stacking #Bitcoin, price doesn’t matter to me.

Contrary to what brain deficient FUDsters may be saying about #Bitcoin and “investors” looking for an exit, the organic demand remains strong for the wonder asset. Organic demand will ALWAYS triumph over artificial suppression in the long run.

Don’t let artificial suppression FUD you into selling, large holders have had an uptick in accumulation ever since we first dipped under $26k in August. IMO large #Bitcoin holders are the smartest money, and will be increasingly proven so in the long run.

Accumulating now is smart money moves. Even people with large amounts of #BTC know there is no such thing as too much.

You kinky bastard! 😂🧡

If you don’t hope and pray that #Bitcoin whales dump their coins on your dome every-stacking-day…I can’t say we are the same.

Not only is it good for redistribution; it’s also good for cheap sat accumulation. Stay humble, pray for dumps. Not a dip, DUMPS!

Now, my question is: why are we trying to bring all the useless gimmicks to #Bitcoin? Sure they will work better because they will operate on a superior standard, however are they necessary?

I ask this question because I struggle to answer it. I’m open to anyone’s opinion or thoughts.

I feel like the “developments” people are advocating for in the space will lead to more scams than utility. People suggest this could help with important documents, but I’m fairly certain 99% of the actual use will come from overpriced and poorly designed pictures of animals or mystical creatures. This has separated hard, under educated workers from their money in the past, and I’m not sure if I will be able to support this type of morality, even if it’s on #Bitcoin.

Another question: I understand people’s desire for everything to be on chain, but is this necessary?

#BTC on-chain transactions being slow and costly is a feature not a bug, but aiming to make the problem worse, especially for the miners sake seems like a lost cause to me. You likely aren’t attributing to an at home miner as much as you are to the big institutions, everyone flips nuts over hash rate, don’t they care it’s mostly coming from industrial miners and not your average at home pleb?

Maybe times are changing and these trends are bound to continue, but they are definitely food for thought.

Using the lightning network without internet connection? Seems like a killer idea if pulled off!

LNMesh is taking on this feat, planning to use Bluetooth and wifi to create local mesh networks that allows users to transact without the need for internet, mostly intended for using #Bitcoin during natural disasters.

So far the concept has worked in practice, but still needs to be perfected for UX purposes.