It seems the recent sell off was due in part to FTX looking to liquidate over $3.4 billion digital assets, #Bitcoin being the only one worth knowing about, everything else is 💩, sorry, not sorry.

I like poking flaws in FUD, and the blaring flaw in this FUD is FTX barely ever had any #BTC in the first place. In fact, they have LESS than 11k #BTC to sell, which doesn’t even make up 1/12th of their entire “stack”.

Even if Fiat denomination is negatively impacted, #Bitcoin Dominance will likely be positively influenced.

I don’t care about fiat price as much as I care about percentage ownership of the network.

#Bitcoin won’t dilute my value like fiat would in this sense.

A truly limited supply.

There’s only one thing better than cheap #Bitcoin…More cheap #Bitcoin!

Don’t be this guy:

“Oh no, my favorite asset might get a little cheaper in the near term, but remains an incredible value proposition over the long term…guess I better sell.”🤦‍♂️

#Bitcoin

Don’t use leverage with #Bitcoin. Risking your stack is never worth it.

Traders getting liquidated, even from long positions will increase selling pressure in the short term, but not as significantly as it will reduce selling pressure in the long run.

We have set 2 19-month highs for Mean Liquidated Volume in the past 2 days, and #BTC has been unfazed for the most part.

Still solvent, still stacking.

The average #Bitcoin transaction fee is currently ~5,315 sats ($1.41).

A person opting to pay 19 #BTC ($509,536) for their transaction is certainly an outlier, not to be mistaken for a necessary action, and not to be taken as an indication of the overall functionality of the network.

While this was likely a user-end mistake, I think it’s important to keep in mind that block space’s value is critical to the well being of the network in the long run, as it increases miner compensation and therefore security, specifically in times of high transaction demand.

Simple.

Genius.

Even when the #Bitcoin echo chamber plateaus in a boring manner.

The long term value potential remains immensely exciting.

Finally money that won’t steal from you.

#Bitcoin's strength? Decentralization! More miners, more diversity, more power to the people!

I’m not worried about what #Bitcoin will be worth in 30 days.

Try 30 years.

Volatility is itching to come back.

Are you ready?

#Bitcoin

There are too many #Bitcoin on exchanges…

Get ‘em off!

I’m not fond of the haughty opinion that #Bitcoin will suffer in high interest rate environments.

I’d rather subscribe to the idea that #BTC is a hedge against economic uncertainty, instead of solely benefiting from tradfi’s economic collapses, it also provides a monetary policy alternative that happens to be the most certain/predictable monetary policy available.

The dollar is strong(right now), but is it predictable? Can you tell me what the interest rates will be in the year 2040? What about inflation?

#Bitcoin will still have immense value…even in high interest rate environments.

In 2040, the #Bitcoin block reward will be 0.1953125 #BTC expected to be found ~10 minutes…meaning only 28.125 #BTC will be mined per day.

You can count on this like you count on the sun to rise.

If you can’t see the value in absolute certainty; I can’t help you.

NO WAY

Too many people are letting the crab market beat them into pessimism.

I’m just glad I have more time to stack #Bitcoin.

I won’t regret this, but weak hands will.

At best each millionaire could only split .37 #BTC evenly amongst themselves.

This is at best because it hypothetically considers all coins available.

However this is not the case.

Currently there are only ~1.85 Million BTC available on exchanges.

If we take into consideration the total number of millionaires in the world (56.1 Million) - the number of #Bitcoin millionaires (~40,500) = (56.06 Million)

1.85 million/ 56.06 million = .03 #BTC per millionaire.🤯

No point in waiting around to see what the masses do with this information, STACK.

My favorite #Bitcoin pump is one the alts can’t follow.

#Bitcoin not crypto.

Apparently this is just blackrock

$15M+

😂 I’m glad you like them!

Spot ETF could mean $30 trillion in capital vs 1.85 million #BTC.

Get ready to be shot out of a cannon.

#Bitcoin.