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

Tradfi, once again, is proving to be the best marketing team for #Bitcoin. The Fed has incurred ~$100 billion in losses since the beginning of the year, and while they can continue operating at a loss, it will only negatively effect this country’s deficit; due to decades of negligent monetary policies, there is no easy fix.

QE might not be in our immediate future, but it is always on the table. Due to my lack of say in tradfi’s unpredictable monetary policy, I opt in to an alternative that is transparent: #Bitcoin over Benjamin!

#Bitcoin is just a tug of war between weak hands and strong ones…can you guess who has the advantage? 😉

As you may have heard from Maxis before me, price is the most suppressed and manipulated metric when it comes to #Bitcoin, trying to find signal in price alone is almost always futile.

Instead of worrying about price, why not focus on metrics ripe with signal? Like: number of new addresses, exchange outflows, non-zero balances, or addresses with more than .1 #BTC … all of which are either hitting higher highs or all time highs.

All of the dominoes are getting lined up.

September hasn’t been too bad for #Bitcoin considering how treacherous Septembers have been previously. This signifies holder’s increased conviction compared to previous cycles.

According to Coinglass there are only

1,831,767.83 #BTC on exchanges, this is bullishly low and likely to continue decreasing for the time being, as euphoria comes back and network activity continues to increase.

It’s always amusing seeing dormant addresses come to life after a decade+ to cash out their stack, while some people get upset at this kind of behavior; it is a double edged sword, and I prefer to see the bright side.

The redistribution and further decentralization of #Bitcoin holders will only strengthen the network in the long run.

People who partake in #BTC for fiat gains usually do this under the assumption that they will turn a couple thousand dollars into millions over night, or even in the same timeframe that the people who adopted before the first halving did, but this likely won’t be the case.

Just because #Bitcoin LIKELY won’t 4,158x over the next decade doesn’t mean it’s dying. it only means that #BTC is maturing, still with the hardest monetary policy that we have ever witnessed.

I don’t opt in to #Bitcoin for fiat gains; I opt in for the hardest money. Everything else is just a perquisite of making that decision.

Hardest != Perfect, and that is completely fine by me.

Staying humble was never one of my weak points, confidence has always been much harder, and I think this contributes to my indecisiveness.

Being humble and indecisive can help you stay grounded in the volatile world of #Bitcoin, encourage you to DYOR before being swayed by FOMO or FUD, and promotes setting clear goals with a plan you can stick to.

#Bitcoin is oversold, but what else is new?

Different day, same weak hands giving me cheap sats.

It isn’t easy to hodl on a dive in to the cold depths of the bear, and it isn’t easy to hodl on to a rocket that’s breaking out of the atmosphere.

#Bitcoin is a lot of things, but it’s never been luck.

Sentiment seems to have pivoted on a dime. I’m expecting a run up to the FOMC, which could continue depending on how dovish the Fed seems.

Never take cheap #Bitcoin for granted, especially this close to the halving.

The CPI print revealed the biggest month-on-month increase in prices all year long, but shouldn’t interest rates being at 20-year+ highs be stopping this?

This only increases my excitement for the FOMC meeting, expectations are for no hikes or cuts…could the Fed be giving up?

Needless to say, #Bitcoin is the life raft.

When I look at Fiat, even the “best” fiat that follows the “best” practices; I can’t help but see a person with a bandaid that is multiple years old, all moldy, and infected. The wound, that likely would have healed on its own is made 10x worse.

All of this stems from a lack of patience. Money printing is the bandaid that never worked yet we still use it.

#Bitcoin is the man who comes and rips the bandaid off; handing his wincing acquaintance a straw.

“What do I do with this?”

“SUCK IT UP.”

The saying is: when the going gets tough, the tough get going.

Not: when the going gets tough, we print money.

This past “rally” was really a rally for ants. No one is bullish enough and it shows.

We haven’t seen anything yet, #Bitcoin hasn’t even started melting faces yet.

There are more eyes on #BTC going into this bull than we have ever had before; all the more faces to melt.

Considering how apathetic markets have been recently, a pause on interest rate hikes could spark a frenzy of newfound demand and optimism when it comes to #Bitcoin.

For some of us, these things never left. The FOMC meetings are alway a bittersweet reminder as to why we #Bitcoin.

What do you consider more valuable?

₿21,000,000

Or

$17,700,000,000,000

#Bitcoin

I often debate which group is the lesser “evil”: people who sell the top, or people who sell the bottom. I think I’m leaning towards people who sell the bottom. Only because it’s a higher quantity of short term, unaware individuals.

Short term/new Bitcoiners this one is for you:

#Bitcoin will wear the horns off a billy goat with its dull, choppy markets, but once all of the liquidity gets “bored” out of the market, volatility will start to spike.

TLDR: HODL

Most things that seem too good to be true, are.

However, #Bitcoin’s exceptional qualities, while borderline unbelievable, are completely verifiable.

#BTC is an open book.

3 million sats for the new iPhone 15? No thanks, seems like a rip off.

No true Bitcoiner would waste #Bitcoin fixing/replacing something that wasn’t broke…I think it’s arguable some might not even waste it on stuff that IS broke.

#BTC doesn’t just protect my value, it motivates me to get my worth.

I’m not worried about dips in the short term, I’m worried about taking these discounts for granted.

If you can’t maintain constant FOMO, even in times of max FUD, you might not understand #Bitcoin.

You can’t be resilient without guidance, devise a plan and stick to it.

RIGHT back into the crab. Never change #Bitcoin, never change.