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

The #Bitcoin crab market is my favorite market. Makes everyone shake in their boots.

I don’t care because I know I’m protected against debasement.

I don’t have exposure to meme coins because, believe it or not, their success depends on #Bitcoin’s success.

I’m a firm believer that if #BTC “fails”, literally everything else that “competes” will be beyond doomed.

They lack the foundational substance for me to consider storing value in them.

If you don’t see the value in a hard capped supply or network effects then you’re missing the whole picture.

#Bitcoin’s network effect > all else.

Everything has a centralized authority when compared to #Bitcoin’s decentralization.

I simply choose quality.

Institutional interest isn’t the end all be all for legitimizing where it’s okay to put your value. I think it can signify a markets ripeness to be manipulated and turned into a profit.

When Solana ETF? Not like it would change my thesis.

ETF or not nothing compares to what can be built on #Bitcoin.

How low can exchange balances go?

How much longer will we be blessed with this #Bitcoin crab action?

I fear the next leg up is closer than expected.

I’m not changing my accumulation strategy. Unfazed by FUD or FOMO.

Exchange #Bitcoin balances hitting 5yr lows?!?

Not your keys? Not your coins.

Supply shock will exert upward pressure, faces will melt, and exchanges will get caught double dipping.

Don’t let it be with your hard stacked sats!!!

#Bitcoin is the ultimate memecoin.

A meme turned monetary marvel.

“Chancellor on the brink of second bank bailout”

What if your power to do so was slowly dissolved and eroded by the recondite rebellion, the digital revolution, the peaceful protest?

It’s the people’s money, we can all laugh at the few that used to run us out of house and home by proxy, by debasement.

Fix your view on #Bitcoin, fix your view on the world.

Then you win?

Fiat doesn’t put up much of a fight when it can’t fight by printing money huh?

Did Trump push the first domino or did RFK?

It won’t be long before every candidate is tumbling over themselves to publicly endorse #Bitcoin.

Not only are supporters getting louder, critics have gone eerily silent.

Everyone said #BTC isn’t real, but with the emergence and persistent innovation behind AI, it might not be long until #Bitcoin is the only thing in the digital realm that will be impossible to fake.

Damn the man, praise the individual.

Stop rallying behind false prophets and start rallying behind yourself.

The narrative behind #Bitcoin is one of the most intricate fables.

It’s an underdog story that strives to empower individual financial sovereignty.

It’s a story whose ending has yet to be written; whose fate lies in the palm of our hands.

The threats are out there, threats will always exist, it’s up to us to take responsibility and be aware.

When it comes to the myriad of possibilities; I feel safest banking on #BTC.

Buying #Bitcoin is like buying acreage in the modern El Dorado.

I like to keep my friends close and my risks closer, third party risk is my least favorite type of risk.

This epoch will begin to rewrite the very foundations of finance.

#BTC is a testament to human ingenuity, for every problem there is a solution, we just got to find it; if it can’t be found we got to make it. #Bitcoin is the first successfully engineered money, it is still the best engineered money.

#BTC is still the first of its kind and we are still treading through uncharted waters.

You gotta take it one breakthrough at a time.

Patience, discipline, and financial prudence are key traits to successfully making it the distance with your #Bitcoin.

Withstanding the test of time with your stack requires more than just luck. Don’t forget this.

Luck didn’t keep me from selling at $15.5k, but knowledge and logic did help me buy at a point where it felt like there was no light at the end of the tunnel.

As #BTC matures I think its growth will become steadier, and I think this cycle will be indicative of how much #Bitcoin has matured.

We mustn’t forget that #Bitcoin is a low time preference asset. Imo this means it doesn’t age/mature as fast as a short time preference asset.

It’s an immortal jellyfish vs. fruit flies.

I don’t think I can out trade hedge funds. Most of my experience in trading has shown me that I don’t know how to trade.

I think I can out HODL them. HODLing #Bitcoin is simple, but it isn’t easy.

I’m not spending millions a year on cutting edge information or algorithms that would give me an advantage in the short term as long as I kept doing it.

Much like #BTC, patience and discipline are severely undervalued.

I was never looking for a quick fortune, rather a slow and steady accumulation of wealth.

The stars are aligning for #Bitcoin.

I won’t stop stacking the digital gold.

I know it won’t be up and to the right all day everyday, but I am ready to weather the storm.

Quality Investing on a #Bitcoin Standard

I don’t invest in #BTC I save my money in the best money.

I price opportunities in #Bitcoin…and one day it might look like a smart idea to invest my sats, but I have yet to see that day.

I haven’t seen what would be considered responsible and sustainable business practices when priced in #BTC.

I’m not sure how I’d self custody my share of whatever I was investing my #Bitcoin in, why would I invest self custodial #BTC in something that had third party risk?

It might seem like a good investment on paper, but it’s only paper. I don’t see much difference between this trade off and “send me 1 #Bitcoin, and I’ll send you 2!”

The uncertainty of these ventures goes beyond just third party risk.

DO YOU KNOW HOW MANY OF THESE COMPANIES ARE AUDITED EVERY 10 MINUTES?!??

0!!!

Sounds like a flight risk to me, I think you can get away with a lot of unethical behavior when you aren’t audited every 10 minutes.

My stance is as firm as the ancient oaks, rooted deeply in the soil of financial sovereignty.

I’ll just keep saving my money in the best money until something seems worth my while. IF something seems worth my while.

How ironic I just made a post conflating things like this with the premine ETFs

The tapestry of history is rich with instances where governance turns what were once illicit and dishonest deeds into orchards of tax income and regulatory gains.

Lotteries, gambling, marijuana, alcohol, tobacco, in some countries prostitution, and now 🥁🥁🥁 PREMINE ETFs!!!

This changes nothing in my eyes; colors have been revealed.

#Bitcoin only.

Replying to Avatar m2carbine

I need that couch 💪

How long until the Fed’s monetary policies are influenced by #Bitcoin’s monetary policy? Or is it already?

Are we in control? Were we ever before #BTC?

I can’t help but ponder the supply and demand imbalances we will face, not only in this cycle, but for many cycles to come.

The unexpected is the norm when dealing with something for the first time. The human race has never seen a treasure as pure as #Bitcoin.