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

#Bitcoin is seeming mighty resilient right now šŸ‘€

It’d be a shame if it….

Mooned and left all the skeptics on the sidelines.

I’m like Michael Jordan, but instead of basketball, it’s stacking and holding #BTC. I’m arguably better because you will never see me on the sidelines/bench, BUT it’s not a competition.

I don’t care how hard the game gets, I’m nothing but grit. I will stack more and hodl harder.

If the price dips that’s an opportunity to stack more for less, if it moons: more people see what I see. HOPE!

I can’t lose with #Bitcoin. The game never ends, the game doesn’t even SLEEP. I’ll always be in it to win it until I pass my baton to my descendants.

This isn’t a marathon, it’s a never ending race, the first and last checkpoint comes in 2140.

It seems futile to even attempt this race, but we are chased by the storm of debasement, those who can see beyond themselves realize it’s best to give their offspring the biggest head start they can.

The future is bright for #Bitcoin. It keeps getting brighter every 4 years. One cycle it’ll be so bright that the face melting simply won’t stop.

Can you see the beauty on the horizon?

Is the #Bitcoin market currently in a state of euphoria or is no one bullish enough?

We are experiencing an influx of capital that rivals 2021 easily. IMO thinking we have already reached a state of euphoria is cope for those who are under exposed to #BTC.

Those LARPs who think this cycle will be smaller than the last are in for a shock.

ā€œNo WaY InStItUtIoNs PuMp It HaRdEr ThAn ReTaIlā€

Not to mention 0 FUD.

I think things are just warming up and the real euphoria is yet to come.

I associate euphoria with FOMO and I think FOMO levels are relatively low because the below $100k ship hasn’t sailed yet.

SEC delayed its decision on spot #Bitcoin ETFs options trading until May 29, 2024.

I’m interested to see how the additional leveraged speculation would play out in price action.

If used correctly they could provide additional ways to manage risk and potentially profit from volatility.

If approved I might short the ETFs to potentially put more #BTC self-custodied with hands I trust (my own), but don’t get me wrong getting rekt by options/the Fed is what put me on the search for what ultimately proved to be #Bitcoin. So this would only be a sentimental thing that I expect to get rekt by either time decay, slippage, or the Fed.

BUT IMAGINE A WORLD…where the Fed halts the market and injects liquidity because Bitcoin has a red candle.

I wouldn’t exercise the contract, but I would cash out on the premium and use it to buy more spot #BTC after a tiny dip.

Timing the market is difficult and I’d probably give it up just to stack harder no matter the price. I treasure time in the market.

I wouldn’t have to participate from options, others wins and failures related to options could lead to more liquidity and avenues to participate in the market.

I don’t recommend options trading unless you are ready to learn some expensive lessons. It’s really just classy gambling imo 🤣

Always best to stay humble and stack sats in the long run.

The #Bitcoin halving is usually associated with a surge in price as it slowly creeps towards absolute scarcity.

For some reason it seems group thinkers are convinced this time will be less dramatic than 2020. They think a 5x is impossible. They think long term holders will lead to reduced volatility…

They are in for just as big of a shock as supply. šŸ˜‰

Long term holders don’t care about helping volatility. Long term holders, well at least the smart ones, won’t sell just because #Bitcoin is overvalued in the current cycle. As it’s still severely undervalued when you look at future cycles.

I think long term holders will be indifferent to fiat price volatility because they realize 1 #BTC = 1 #BTC.

I’m still expecting something more dramatic than 2020. Something so dramatic we invalidate the presumption of Diminishing returns and all other models. I would not be surprised if S2F seems to get re-validated, PlanB’s background was more associated with institutional investors than emotion filled retail investors.

Emotions are hard to quantify; I assume the institutions are bringing NONE. They won’t get shaken out, and they won’t stop. In fact they will start to increase their recommended allocations…

I haven’t seen any evidence that this cycle is going to be smaller than the last. Why is everyone acting like this time will be the same WHEN ITS ALREADY DIFFERENT (ATH before halving)

ā€œMeh, meh, meh, priced inā€ 🤔

SHUT YOUR FACE. Normies have barely started asking about it unless I bring it up. ā€œ$70k?!šŸ˜§šŸ˜°ā€

ETFs haven’t even started pushing/soliciting yet. What we have seen is interested clients gaining exposure. We haven’t seen all the sheeple who will invest in #Bitcoin because daddy Fink says so.

Sheeple might be sheep, but their pockets are deep.

You will find me anywhere but the sidelines.

#Bitcoin ETFs haven’t even been out for a whole year, the party is just getting started.

The success of these ETFs will catalyze more demand for the apex asset.

I suspect the recommended allocation will increase with their success too.

People will start to catch on, and the amount of maxis will boom.

Monetary premiums of other assets will be eaten.

Flipping gold this cycle is a possibility, and would be a huge milestone/shift in global finance.

Both South Korean political parties are incorporating #Bitcoin into their policies in order to gain support from their masses.

I don’t believe this is an isolated event, instead I think it signifies a growing trend of #BTC influencing geopolitical matters.

#Bitcoin’s influences on the political realm will be benevolent and empower the individual.

I think this will look like:

1. Increased decentralization and autonomy that promotes economic freedom and personal responsibility.

2. Borderless transactions that promotes and even fine tunes global trade from an individual to nation state level.

3. Privacy and security that will promote personal safety and freedom.

4. Political empowerment and activism, while some people believe #Bitcoin and politics are antonyms, I believe #BTC will fix politics. You can’t stop me from donating to a political cause or activist movement/organization as long as I have the desire to do so and an address to send to.

5. Inflation hedge and SOV, while #Bitcoin can help the individual to manifest sound policies, it can also be used to escape the consequences of irrational policies. This takes the weight of debt off my shoulders and hands it right to Uncle Sam.

6. Encourages innovation and financial inclusion, I speculate the most important financial services around #BTC have still yet to be created, and if they are here, they are still in their infancy.

We always knew if you fixed the money then you fix the world.

I believe we are on the precipice of fixing the world, and it’s not something that can be stopped. Satoshi pushed the first domino and we are all waiting to see the beautiful picture he so carefully crafted to fall into place perfectly.

#Bitcoin is about to go mainstream. It’s no longer, ā€œYou might want to get some incase it catches on.ā€

It is now, ā€œGet some it’s catching on.ā€

In the era of ā€œpick meā€ #BTC exposure, you might be asking yourself, ā€œWho should I gain exposure through??ā€

The answer is: Yourself.

There’s no second best custody to self custody.

It’s only a matter of time before institutions start pushing for #Bitcoin harder than I do currently.

It’s slowly then suddenly. I suspect suddenly is much closer than anyone expects if price action is any indication of sentiment.

A significant shift is coming. It’s bringing every maxi’s ā€œI told you soā€ moment

This time is different.

This short squeeze will be like no other.

#Bitcoin

It wouldn’t be surprising if the next cycle is bigger than this one that is wrapping up.

We haven’t seen what happens when supply shock is met with ETF demand, but I suspect we are so early that what we are witnessing is a comet coming towards our planet, what’s pretty will become face melting, and a new world will be born where #Bitcoin is at the top of the food chain.

The apex asset.

Seems like the bullish extremist outliers (who actually have me feeling bearish) are calling for a 65 million dollar #BTC. I thought $1M was going to be the next $100k not $100M, but we will see!

Say it ain’t so 😭

There isn’t a second best.

How many maxis will turn into LARPs this cycle?

Not I.

Maybe 10-20 altcoins out of 50,000 will outperform #Bitcoin, I’m okay with ā€œmissing outā€

Replying to Avatar jb55

Thank you nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg for inspiring this latest tech from #damuslabs nostr:note1t2n932ja794u9cymvvycgyge3fcj92jghrc3d9gvluvzaws53dyq0zd9j9

Make damus zap again 😌

Apparently some pods are learning how to capsize yachts in order to eat the rich.

Sign our petition to give killer whales a more accurate name: based dolphins

Replying to Beiner

https://youtu.be/qku2WZ7aRYw?si=smY61D7bbCT6n6tN šŸ”„šŸ”„šŸ”„ RIP XXXTENTACION

My favorite is valentine. It’s like trance music.