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BoomTown
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scarcity requires trade-offs.

Negative, I just love Melbourne.

I’m starting the $858k gang…any 58k gang OGs want to defect to set the next major resistance level?

Cc: nostr:npub1ayhdtt89alap5r4qvw2qzp6ccmfsamvz3wz7ncyctj53nzcvxl7qxy8s89

Y’all think we’ve seen the final miner capitulation for this cycle or will there be another major sell-off from the publicly traded miners ahead of the major bull?

Doesn’t seem like we’ve had much of a pullback on hashrate since the halving despite record low hashprices.

I may have been later to bitcoin than HODL but I have stacked with every ounce of my earning potential since 2021. Religiously. I have made this investment in bitcoin not only the significant majority allocation of my portfolio but it is a huge piece of my identity. I have defended it to family, friends, acquaintances, and colleagues and when they laughed at me, ridiculed me, or ghosted me I have chosen my conviction over capitulating for their acceptance.

For those who haven’t done something similar, you won’t reap the rewards I will reap. You won’t deserve those rewards until you find a similar conviction and embrace the “risk” I have embraced every day for the last 3.5 years.

I’m not bitter about my timing to the bitcoin party … it was the only time that worked for me and my family … but I am intolerant towards those who proclaim I don’t deserve the success I have coming.

The Commonwealth requires the Education of the People as the Safeguard of Order and Liberty.

Another ~1100 bitcoin sold out of ARK on Friday.

This isn’t institutional hodling. This is institutional trading. nostr:note1gxcygzkzchy8mg20kmf3kmgl0mdpdpatqkv9zrd7fw4tmmgsz3dqm6ecxq

Here for the weekend. Wasn’t sure if there might be a workspace or something I could drop in on. 🤙🏼

What’s the bitcoin scene in Boston? What’s the neighborhood / community focal point?

NYC summer over Labor Day.

Capital allocators back in office.

*Exponential upside move imminent.*

Is your government working to make you more free or more indebted?

**Edit for boomers: Is your government working to make your grandchildren more free or more indebted? **

I know there is a lot of leveraged trading on Bitcoin in both directions and that adds to the volatility in both directions. But over a long enough timeframe the accumulators of the physical bitcoin generally move the market up as true scarcity comes into play.

This 6-months range bound falling price action is weird. My instinct is that stackers and hodlers should have broken through this by now.

nostr:npub1tsgw6pncspg4d5u778hk63s3pls70evs4czfsmx0fzap9xwt203qtkhtk4 Who is selling their ARK/21 ETF position? Down 2,642 btc the last two days. The ETF now only holds 45,367 btc.

Who is selling their ARK/21 ETF position? Down 2,642 btc the last two days. The ETF now only holds 45,367 btc.

That’s ~5% sold in two days. Not good hodling technique. #bitcoin

MSTR is buying ~30% of newly mined btc at these price levels.

There is no way the global supply & demand dynamics at play here are organic and natural. Someone is manipulating something, somewhere, somehow at a magnitude serious enough to impact bitcoin’s purchasing power.

What triggers the absolute scarcity FOMO? Demand side or supply side? How is the increased spot trading volume (institutions) changing the signals you’re seeing on-chain?