This ain’t no time to be a sat-stackin sissy.
Relax.
This is expected #bitcoin price action for the month of August, given the current macroeconomic conditions and, especially, after the huge pre-halving, spot BitcoinETF-hyped-up surge (too far, too fast).
Stacking more sats during a red monthly candle at this stage of the cycle while global M2 money supply is steadily rising again is a dreamy set of circumstances, as far as I am concerned.
Don't get shaken out by short-term noise.
1. Head down.
2. Word hard.
3. Stack sats.
Maybe. But I would be surprised if we don't have another exponential move higher in 2025.
Tbh, I kind of hope that we don't have such a move, as exponential moves tend to turn even the staunchest HODLer into a potential trader. And trading bitcoin is generally counterproductive.
Thanks for the info!
"We were unable to send this Zap?" -- Does any technically-literate person know why I keep getting this error message? I can receive Zaps, but can't send them...
My favorite page on the StLouisFed .org (FRED) site:
"Buying eggs with bitcoins."
Since they started keeping track in January 2015 through July 2024, the price of a dozen eggs:
- In US dollars: Up +46.0%, from $2.11 to $3.08.
Image
- In #bitcoin: Down -99.5%, from 925,406 sats to 4,903 sats.
Image
CONCLUSION: Life gets ever more expensive the longer you save in dollars (or any government fiat currency), while it generally gets (much) cheaper the longer you save in #bitcoin.
Inflationary fiat currency versus neutral inelastic energy money...
The choice is yours.
Source: https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
What sane person wouldn't want life affordability to go parabolic over time?
Welcome to life on a #Bitcoin standard.
(Chart: Bitcoin in USD, priced in gold.)
Not yet... But probably someday... Depends on how good the UI/UX and interactions. Using Damus via my iPhone as admittedly been a suboptimal experience.
Thanks Jeff! X feels empty (or, at least, lacking) without you, Odell, and many other Bitcoiners.
Trying out Primal for the first time, thanks to the annoying insistence of nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx ... Looking forward to posting on #NOSTR more regularly (and weening off of X) via a solid desktop app! 🍻
Finally got off my ass and spun up a Nostr npub for nostr:npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw. Give us a follow.
Boom. Done.
#Bitcoin is stateless energy money.
The government fiat currency system is unworthy of your hard-earned purchasing power.
Defund the shenanigans.
#Bitcoin
Evolution of the world's most desirable reserve asset:
Gold
⬇️
US Treasuries
⬇️
Bitcoin
The world is changing before our eyes... and the implications are massive.
Adapt, or risk obsolescence.
(Purchasing) Power to the People
#Bitcoin
What do you see, anon? 👀
Global M2 monetary supply is trying to resume its upward trend after chopping sideways for approximately three years.
If the new uptrend holds... #buckleup.
#Bitcoin 🚀 
Defund Dystopia.
#Bitcoin
If it’s not built on #Bitcoin, then it’s not built to last.