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

Since December ‘23 Supply Last Active 1+ Years Ago has had an inverse relationship with price action. Dipping from 70.66%-67.07%. I can’t think of any reasons that this would be happening other than fiat “profit” taking. LTHs of #Bitcoin playing fiat games is only opportunity for those of us who know better. The rallies we have seen have been in the face of massive amounts of selling pressure that has been absorbed by relentless demand. Selling pressure will ease before demand does, and I believe this will cause an increase in price that nocoiners and sidelinors could only describe as cataclysmic.

Of course LTH that are selling are doing so in the face of whales accumulating. Seems like it’s a very rare instance that whales aren’t accumulating. Coincidence? I think rather an indicator of intelligence.

Selling #Bitcoin for fiat is a fool’s errand, but I wouldn’t be able to buy #BTC with my stupid fiat, so I THANK EACH AND EVERYONE OF YALL.

I believe price will increase further from here, but I wouldn’t be disappointed if I’m wrong.

There’s 1.1 million $100+ millionaires in the world. There’s 1.6k 1000+ Bitcoiners in the world…

This leads me to believe 1000 #BTC is at least 680x more valuable than $100 million…

That’s a $68 million dollar #Bitcoin in today’s dollar.

So far I’m insanely optimistic on how #BTC will progress for the rest of my lifetime and the rest of my descendants lifetimes.

I’m convinced we are experiencing the pre halving dip as we speak and it’s only making me more bullish on #Bitcoin.

Supply and demand dynamics are about to get very imbalanced, and price will have to adjust to reach equilibrium. #BTC Supply will be halved IN AN INSTANT. Severely undervalued/can’t be priced in imo.

I watched price dip $55k and my conviction grew, I’ve never stopped stacking and I won’t stop unless I stop producing value (unlikely). I have no sympathy for people getting cold feet after a $5k “correction”.

Volatility is my friend. Read it and weep.

Maybe all that matters is the inflation rate of what I store my value in. #Bitcoin is the best and it will only get better.

Don’t be mistaken, it’s not only that demand stays the exact same when supply halves. It’s that the supply halving is a catalyst for more demand.

The technology behind #BTC doesn’t fluctuate with its price. It was great from the start and it’s only got better.

Nobody realizes how early we are because we live in a high time preference society, because no one knows how long a #Bitcoin standard will last. As we are diving into the digital age it isn’t illogical to assume it will give all previous standards a run for their money.

#Bitcoin below $1 million is seeming more and more like a steal.

If the risk is volatility, then what’s the risk for someone who can stand the volatility? None.

Many believe $1 Million is the goal, but it’s really only the starting line.

8 billion people just became sidelinors, it’s about to get very hard to ignore #BTC, and a majority of people are severely under exposed.

There’s no telling what this mass realization will lead to other than hyperbitcoinization.

A revolutionary collective epiphany, no doubt.

If you don’t have enough #Bitcoin, now is a good time to add to your stack.

There are hundreds of thousands of wallets exiting the network right now…SEEYA, Wouldn’t. Want. To. Be. Ya.

Don’t worry, they will be back, but at prices they really deserve. I promise.

Why don’t I like cherry picked cases about #Bitcoin being involved in illicit activities?

Because it’s always blown out of the water.

We never hear stories from mainstream media about people being decent and prosper.

And it’s not a coincidence that a majority of my family members get a concerned look when I bring up #BTC.

There’s an unbalanced perception of this technology, and I believe that creates a lot of asymmetry in favor of believing in #Bitcoin. If it fails things continue as they were in a slow implosion of doom. If it succeeds then humanity will know no end to the fruits of their labor.

#Bitcoin empowers the individual, promotes financial inclusion, and is an effective alternative to both domestic and international trade.

Intellectual skepticism is about to make a lot of people look real dumb. Study #BTC, you might thank me later.

I love when #Bitcoin goes on sale.

It seems to be for no good reason as the world’s largest pension fund is now considering #Bitcoin as an investment option.

It doesn’t take a genius to see that demand will return; stronger than it left. Take advantage of this opportunity while you can, I have to wait until Friday when I get more fiat, and I wouldn’t be surprised if I no longer have the opportunity then…bummer right? WRONG! Having fiat on the sidelines is a bummer. I don’t regret being all in and I won’t regret stacking more no matter the price.

This type of pullback is natural after rapid growth. We shouldn’t have hit ATH already, and if this is the pre halving dip then no one is bullish enough.

I will buy every top, bottom, and crab. I don’t need to diversify, I need more spot #BTC in cold storage.

We are witnessing the most legitimate asset get legitimized.

Game theory is starting to play out in fiat land. Will they be able to stop playing fiat games?

Easy. Trustworthy. Foolproof?

Hey anon, ik you’re a dumb noob that wants #Bitcoin  exposure.

Well guess what?! Instead of going through the trials and tribulations of securing 12 words and remembering a 6 digit passphrase; I have the perfect solution for you.

Set up an account with Coinbase, buy #Bitcoin , DONT EVER TRANSFER, DONT EVER WITHDRAW. Only sell for fiat and take their word always.

Don’t worry about counterparty risk or whatnot, it’s all entangled anyways, a waste of time to think about.

No one has ever regretted putting trust over verification.

You’re too stupid to ever manage #Bitcoin , and I have always been smart enough…

*This post has been my satirical take on #Bitcoin  ETFs. IMO ETFs are for institutions, not individuals, with very few exceptions… and if these institutions had any balls or brains do you really think they would be buying an ETF? Ask Saylor.*

Make Maxis Toxic Again. ☣️🧡

😵 great point…

Does #Bitcoin fix this? I still have hope.

Roman Sterlingov, the operator of #Bitcoin Fog, has been found guilty of money laundering and faces up to 50 years in prison. All he did was operate a coin mixing service. People might use coin mixing for illicit reasons, but personally 100% of the people I know who have mixed coins are only doing so to avoid a potential confiscation event like the Gold Reserve Act of 1934. Coincidence???

Misinformation is likely responsible for the jury finding him guilty. Whatever happened to the 4th Amendment? The Privacy Act of 1974? Why is it necessary to be investigated when I haven’t committed a crime? When I’m not even a suspect?

Is privacy becoming illegal? Is hypocrisy becoming the norm?

According to the press release: most of the #Bitcoin was obtained from darknet marketplaces linked to computer fraud, illegal narcotics, and identity theft. The mixer also serviced people who supplied child sexual abuse material.

VERY SERIOUS ACCUSATIONS or MISINFORMATION/FUD?

Ngl, it’s hard for me to believe a majority came from the darknet…it’d be easier to believe this is virtue signaling to avoid getting criticized for invading privacy, but maybe I’m wrong and a majority did come from illicit activities, but it didn’t ALL come from illicit activity as their service and ones like it protect the individual from potential surveillance/data breaches.

There need to be balance between privacy and legal accountability. I can’t tell you the perfect ratio, but I can tell you the scales have been tipped.

Illicit activity existed before #Bitcoin and it’s logical to assume it will continue to exist on a #BTC standard. If I’m wrong then the government will possibly win the war on drugs. If I’m right the term illicit will become looser and looser and the invasion of privacy will compound.

They are trying to use transparency against #Bitcoin, BUT if EVERY coin join in 2023 was illicit activity it would have amounted to $24B worth of illicit activity whereas the UNODC estimates $1-2T worth of annual illicit activity is done through the dollar.

The illicit activity through #Bitcoin is likely 100x smaller than the dollar’s, but the scrutiny is 1000x more. Everything they accused #Bitcoin fog of facilitating is likely happening 100x more in the dollar…

If THIS is such a problem…why isn’t THAT?!?!

Have you lost hope? Your hope doesn’t have to be my hope, but I don’t want my homie in a state of hopelessness.

What is your motivator? Is it not your hope?

Yes, hope can simply be for better. Can you appreciate the small things even when the big picture is bleak?