Avatar
Seth Michael Steele
ae58c1fbe17c649a9c5f2b487aa152003b9dbc43c91c7840676cb624a0b9fbdb
We must live together as brothers or perish together as fools #Bitcoin

Exactly, falling behind the most aggressive expectations is…to be expected.

Just because the #Bitcoin ETF approval catalyst fell short of aggressive expectations doesn’t make it a failure. Maybe it’s only a turbocharger that kicks in when the market really starts heating up.

Stacking cheap sats is nothing to get upset over. This scenario is only negative for the brainwashed and feeble hearted. I refuse to get upset over mass adoption taking its time. After all, #BTC’s neutrality makes it beneficial for both altruistic and individualistic approaches.

What’s best for the individual is what’s best for every individual. There never was a whole, just a bunch of individuals. Humans have never achieved the hive mind, if we could maybe things would be different, but every attempt at a hive mind has led to a more mindless society, one that sticks its nose up to free thought, speak, and action.

Selling pressure due to varying ETF fees is laughable. #Bitcoin is free to hold. ANY fee is simply outrageous. There are reasons to buy the ETF, but there are also reasons not to. I suspect if you are seeing this you would be better off self custodying your #BTC.

Too many people are jumping to conclusions after a few days; revealing their high time preference. I’m curious to see the result of this newfound avenue of demand over the cycles to come.

Supply will dwindle, demand from institutions will likely stay the same or grow, but even if their demand subsides, we made it from $0-$65k with minimal institutional investment. We could do another ā™¾ļø% gain without institutions, it would just take longer.

The mempool is so full that it made a new ATH 2x larger than the previous ATH. Luckily getting into the next block doesn’t rely on a line, rather a bid. High fees stink, but they are a feature not a bug. Block space is scarce!

I don’t see the point in storing arbitrary data on #Bitcoin’s blockchain, it will only lead to higher fees and increased scalability issues.

You are going to have to download every ordinal to run a full node. Call it blockchain bloat. Blockchain bloat will increase the barriers to entry/centralization when it comes to running a node/validating transactions.

Ordinals won’t save miner’s, miners aren’t meant to be saved. It’s supposed to be a free market. Survival of the fittest, the more profitable #Bitcoin mining becomes; the more centralized hashrate becomes.

Make #Bitcoin Financial Again.

Dear people who think holding #Bitcoin undermines the purpose of a decentralized payment network:

Stay mad. 🧔

The funny thing about freedom money is you are free to do whatever dumb thing you want with it, buddy.

If an individual wishes to live below their means in order to stack more sats…so be it. #Bitcoin is a decentralized payment network, it is digital gold, it is financial inclusion, it is anti-censorship, it is open-source money, it is a hedge against uncertainty and monetary inflation.

Monetary inflation had to be specified because smooth brains think inflation is strictly at the gas station or grocery store, when in reality these are the last stops in the supply chain…meaning that there is usually a delay between inflation in monetary supply vs. grocery store prices.

I’m tired of the facts being misconstrued and misrepresented, but I’ll never get tired of correcting them.

#Bitcoin is maturing, yet still outperforming all other assets. All in the face of high interest rates. Uneducated haters are in disbelief as #Bitcoin was a bubble that would only work with ZIRP.

Now their fiat heroes are calling #BTC: a flight to quality, exponential gold/gold on steroids, even the future of money.

The funny thing about absolute scarcity/#Bitcoin is it’s scarcity will continuously increase relative to everything that isn’t absolutely scarce. In our case this is EVERYTHING, because #Bitcoin was the discovery of absolute scarcity.

For this reason I didn’t sell any #BTC last cycle and I don’t plan on doing so this cycle either. No need for a lambo, I only want to spend what I can replace.

#Bitcoin doesn’t need QE to melt faces…Why? Because, even a 5+% interest rate by the Fed, is QE compared to the hardest monetary policy that will continue getting harder FOR THE NEXT CENTURY.

Come on people. ITS NOT EVEN MATH!!!

It’s set in stone vs. built on sand.

I’m all in with no stop loss, I could hold to 0, I could hold past $1,000,000,000. One of these is actually impossible, the other is likely closer than you think.

Selling pressure? More like #Bitcoin redistribution from the weak hands to the strong hands.

Gotta love it.

Don’t assume my political ideology.

Am I red or blue? Neither. I am orange.

#Bitcoin is more synonymous with American ideals than either political party. I will remain orange for as long as both parties wish to infringe upon my or other’s rights.

Can the government take a God given right? Not unless the people lay down and let them, be weary of the psyops made to coax you into lying down. I can assure you it is better to die on your feet than live on your back.

Y’all are out here panic selling into the dip. I’m out here earning sats back off the beer I’m drinking with fellow Bitcoiners; solidifying my conviction even further; and hitting new ATHs when it comes to hope for the future, especially regarding #Bitcoin. (North ATL #BTC conference otw?!??!)

We are not the same.šŸ˜‚

I FOUND MY PEOPLE!!!

Came for the NGU stayed for the amazing people, couldn’t imagine my life without #Bitcoin!

Viva la revolución!

nostr:npub1f6ntw2f4dnpdwkccqgg7ef7yagf9kdkrfn7l07kr9uz0q8e9k94sje7kur nostr:npub14fzqnfzsmleeqkkdcdkmpu6v30zxfdqnwx096f4zqdt69p8vmc9qvxefsr nostr:npub1zk5wr22vljscs4k4ldjmwam95660u9q26cramphh8njvyqnhpjuq8ss4zn

(There were more I still need their npub’s…stay tuned!)

nostr:npub1lqulkec5tx98yv7snk759tuzejtcr5865468fuvyrtuskhynpyush5qaf3 just zapped me 10k sats as well!!!!

Who wants these?

Gotta get these sats flowing in anticipation for my first meetup tonight šŸ˜Ž

Don’t $5 wrench me pls and thanks šŸ˜‚

Replying to Avatar Michael

Today I found this about ETFs from Michael Saylor:

Jan 12, 202411:07 GMT+1

Founder and former chief executive of MicroStrategy, vocal Bitcoin proponent Michael Saylor, has taken to the X/Twitter social media platform to comment on the current substantial decline of the Bitcoin price and issue a call to the BTC community in an attempt to prevent a further drop.

In the meantime, small Bitcoin holders continue to sell BTC in order to get exposure to the newly approved spot Bitcoin ETFs.

Michael Saylor strives to stop BTC price fall

Saylor tweeted to tell his followers and the Bitcoin community overall not to sell their BTC. The approval of spot-based Bitcoin exchange-traded funds issued by the Securities and Exchange Commission earlier this week has provoked Bitcoin volatility, and the flagship cryptocurrency has been going down since many are now selling to profit on the first price increase, and many are selling to get free funds to invest in Bitcoin ETFs.

On Thursday, the price of the world’s leading crypto soared by 6.10%, reaching the $48,711 high. Immediately after that, Bitcoin plunged by 6.78%, hitting the $45,729 low.

You do not sell your #Bitcoin.— Michael Saylorāš”ļø (@saylor) January 11, 2024

MicroStrategy seeks to raise more funds to buy Bitcoin

When he was the CEO back in 2020, in August of that year, Saylor introduced a Bitcoin-based course for MicroStrategy as the company sought a way out of a crisis. On Saylor’s command it began purchasing big chunks of Bitcoin on a regular basis and adding them to its balance sheet.

Several times, MicroStrategy issued bonds to buy more Bitcoin. The most recent BTC acquisition was announced approximately two weeks ago as the company purchased another 14,620 Bitcoins, with $615.7 million between the end of November and the end of December 2023. As of Dec. 27, the company holds 189,150 BTC worth a whopping $8,666,777,340. Per Saylor’s earlier statements, his goal is for the company to acquire a total of 1% of the Bitcoin’s overall circulating supply.

MicroStrategy is also looking to issue more bonds to raise another $750 million to increase its Bitcoin stash. Saylor is going for only Bitcoin, excluding other cryptocurrencies, even the second largest to Bitcoin, Ethereum.

In a recent tweet, another Bitcoin maximalist, Max Keiser, sent a shoutout to Saylor to give him kudos for ā€œtaking Bitcoin out of the s-coin gutterā€ and for ā€œsetting the stage for today’s ETF approval.ā€

Yeah, idk who is selling, but stronger hands will acquire their sats on a discount!

I think it might be vanguard 😬

He said he would change companies if they can’t give him exposure šŸ˜¤šŸ»

My stepdad mentioned that he saw the SEC approved the #Bitcoin ETFs and he plans on requesting his 401k portfolio to increase its exposure to Bitcoin through those ETFs.

Says he has 20 years before he plans on touching it.

Proud stepson moment 🄹

NOT PRICED IN!

Demand OTW.