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

We will no longer be early to #Bitcoin when its price stabilizes. It’s likely that I will be on my death bed stacking at prices that will be considered a steal in the following cycle or two.

#Bitcoin’s long term orientation means it has a LONG time to mature, high time preference individuals look at this and shriek, “BuBbLe!!!🤡🌎”

#Bitcoin will change the way we all look at money in one sense or another, for the better, empowering the individual to produce instead of forcing him too through theft.

#Bitcoin is an attractive alternative whose beauty grows in contrast to your other option’s degenerative properties.

#Bitcoin is a modern revolution that will incentivize global harmony.

Expand your skill set and minimize your expenses!!!

Me ~4 years ago (not realizing my entire world was about to change):

“hmm, what’s this ‘#Bitcoin’ thing, WAIT WHY’S IT OPEN AFTER MARKET, *surfs web for 2 mins*, Fed CAN’T halt?! (Fed rekt my trades before)…maybe this thing is worth holding long term, why aren’t more people talking about this???”

Since then I’ve put in my 10,000 hours of research through various mediums; made thousands of posts about #BTC with varying degrees of seriousness and signal; made even more friends; and have continued to come to the same conclusion:

I NEED MORE #BITCOIN!!!

Can you smell that? Smells like melting faces.

Can you hear that? Pseudo-diamond hands cracking under pressure.

Can you taste that? Victory is so close.

Can you see that? The orange horizon?

Can you feel that? The hope that can’t be crushed?

#Bitcoin

My Mom = Awesome 😎

#Bitcoin

#Bitcoin wasn’t built for socialism. While I don’t agree with socialism, I think it’s fair to assume that any political or economic philosophy on a #Bitcoin standard would be superior to the same philosophy on a fiat standard, and multiple philosophies collaborating on a #Bitcoin standard would be superior to the same philosophies collaborating on a fiat standard.

The flaws in most economic/political philosophies can be boiled down to an over centralization of power and the assumption of human benevolence with no threat of corruption.

No matter how altruistic their words; EVERYONE is self interested.

There is no second best capital, there is no second best community, there is no second best form of capitalism, there is no second best form of communism.

#Bitcoin everything.

#Bitcoin block 827527 (mined by Foundry) was only 40% full…but why would this be done when the mempool is congested? While I can’t give a definite answer, there are a few possibilities:

Maybe Foundry’s mempool wasn’t synced with the global mempool, and Foundry didn’t have access to all available transactions.

Maybe it was done for competitive reasons, smaller blocks are propagated across the network faster, which could give a slight advantage to finding the next block. (They didn’t find the next block.)

Sometimes it’s done to maximize profits, but the fee span on this block was significantly lower than its predecessor and successor blocks. Good will?

Maybe it was technical difficulties and wasn’t meant to happen in the first place…

I can’t make sense of this particular case, stacking regardless.

#Bitcoin is great, but will it keep getting better? I think yes. At the very least #BTC working will become increasingly necessary.

We will continue to face problems on the base layer and above, but problems bring solutions, and solutions: improvements.

It won’t happen overnight, it’s baby steps towards a brighter future. Satoshi created #Bitcoin with a huge time horizon. Satoshi’s time preference was so low that even though #Bitcoin is 15 years old it is only in its infancy.

#Bitcoin won’t mature until 2140, when we are all long gone. Adulthood. Supply stops growing and #BTC becomes the creature we all knew it would.

Everyone’s preferred balance of security and convenience seems to differ. This means one size won’t fit all. Luckily, more options will become available to both sides of the spectrum as #Bitcoin evolves.

Or…better put, as humanity adapts to #Bitcoin/sound money…AGAIN.

The path isn’t clear, and there’s a lot to learn, but my optimism cannot be put into words.

What are the odds of cracking a 12 word #Bitcoin seed phrase?

1 in 5 duodecillion 444 undecillion 517 decillion 870 nonillion 735 octillion 15 septillion 415 sextillion 413 quintillion 993 quadrillion 718 trillion 908 billion 291 million 383 thousand 296 (1 : 5,444,517,870,735,015,415,413,993,718,908,291,383,296)

That is a 40 digit number! the number for a 24 word seed phrase 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936. (78 digits).

Not only are these simple facts, they are also #Bitcoin price predictions.

Few.

If we get option contracts on the #Bitcoin ETFs, I might be tempted to short the ETFs indefinitely in hopes for dips like this last one, in order to have extra powder to stack the dip with.

#Bitcoin’s already inherent volatility will likely be one of the main counter arguments against allowing options on the ETFs, but my previous statement stands.

I don’t plan on exercising any of the options, but having the ability to hedge my spot position with naked puts will be useful.

Bear markets would be even more fun.

It’s likely that tradfi will take a novelty approach to #Bitcoin, but they will change the game with their entry, therefore strategies could be optimized with adjustments and new financial instruments.

So far I have made 1 adjustment to my already simplistic approach to #Bitcoin in reaction to tradfi’s entry: STACK EVEN HARDER.

I don’t plan on paying options too much attention before they are allowed, but I will gain satisfaction when/if we get them, could be sometime this year.

Stagnant prices are nothing to me, they are comforting. This past #Bitcoin bear market had an entire year of falling prices. Didn’t make a difference to me. I stacked 52 times through it and my conviction only grew.

I couldn’t believe how cheap I was stacking sats for, after all I had bought all the way up to $65k considering it a fair price.

#BTC’s price will bounce back stronger than ever this cycle, just like it always does. Supply is tight and tightening, but demand is growing both through adoption and validation.

New whales will come solely through the ETF, others will self custody, this last dip for ants has seen a local high in #Bitcoin addresses with over 1,000 #BTC: 1,510.

It’s easy to tell the ETFs hold 638.9k #BTC, but it’s difficult to tell how many individuals hold 1,000 #BTC worth of the ETFs.

Grayscale $GBTC is still top dog in terms of the amount of #Bitcoin behind it, but for how long will this last? it has lost 21% of the amount it started with at launch.

Selling pressure has been able to keep up with demand, but what happens when selling pressure subsides?

It seems like #Bitcoin is taking a breather in preparation to run straight up a cliff.

#Bitcoin has changed my life for the better. It hasn’t only affected my views on money; it’s impacted my views on myself and my loved ones; and has given me immense hope when looking forward.

This is because #Bitcoin puts the future in the hands of the people.

I started to learn about #Bitcoin…and haven’t been able to stop learning about it.

I started storing my value in it and I don’t see a point in stopping no matter the price. It will remain the hardest money.

Corporate #Bitcoin hardfork FUD is just recycled FUD that Andreas Antonopoulos has already disproven, “Anybody want to jump on Fedcoin?!?”

There’s not one true Bitcoiner that would choose a corporate hardfork over the people’s #Bitcoin. Their hardfork would be expensive to pull off and pointless in the end.

#Bitcoin gives the individual the upper hand. Corporate entry doesn’t change this, individuals hold the lion’s share.

Individuals = ~81.09% of total supply, some “lost coins”

On exchanges = ~8.58% of total supply.

Corporate + ETFs = ~10.33% of total supply.

Diamond hands have never seen the tests that lie ahead. The whole game and rules are about to turn like tables.

If we all have diamond hands (never buy a sat more) and hodl, corporate could only ever hold ~19% of total supply.

I have faith in myself and individuals like me to stay true to the values that made us who we are.

I think $1m is the new $100k, we will probably top out at $694,200 this cycle 😂