Seth Michael Steele's avatar
Seth Michael Steele
S_michaelsteele@BitcoinNostr.com
npub14evv...lrc7
We must live together as brothers or perish together as fools #Bitcoin
Seth Michael Steele's avatar
sms 8 months ago
Overall coiners > suit coiners Overall coiners: it ain’t much, but its honest Suit coiners: it ain’t honest, but it’s much image
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sms 8 months ago
Mexican billionaire Ricardo Salinas predicting that Bitcoin will soon eclipse gold is not something to overlook. Bitcoin isn’t just a digital version of gold; it’s a way to opt out of a global monetary system controlled by a small group of elites that benefits only the few. What’s powerful about Bitcoin is that it treats everyone as an equal participant. Whether you’re an average saver or a billionaire, choosing to opt in offers the same fundamental advantages, and that’s a profound shift. image
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sms 8 months ago
With WW3 seemingly on the horizon, BlackRock is still stacking Bitcoin: by the field, no less. I’m doing the same, just on a much smaller scale. In the face of opportunity, smart money stacks. In the face of collapse… smart money still stacks. Based. image
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sms 9 months ago
Is it really still fair to call Bitcoin speculative when institutions like Bank of America are calling it the most disruptive technology of the past 1,000 years? If redefining money, trust, and the global financial system wasn’t already obvious, now even legacy institutions are starting to say the quiet part out loud. Whether a country is pro Bitcoin, pro crypto, or even anti Bitcoin; Bitcoin still finds a way to win. It adapts, survives, and keeps moving forward. image
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sms 9 months ago
The more companies that adopt Bitcoin as a treasury asset, the more legitimate and normalized buying and holding Bitcoin becomes. At some point, you have to ask: how many companies need to make holding Bitcoin a core principle before individuals realize it can work for them too? Because in the end, it’s not just about what Bitcoin is; it’s about what Bitcoin is to you. These treasury announcements are starting to feel like a casino floor: flashy headlines, wild bets, but I still believe they’re a net positive for Bitcoin in the long run. They broaden awareness, diversify Bitcoin’s appeal, and create fiat wrapped onramps for those not yet ready to custody their own. Call them fiat coated orange pills. Bitcoin is maturing, but our collective understanding of its macroeconomic role is still in its infancy. It’s not that Bitcoin is getting less volatile…it’s that the holders are. Treasuries will act as a proxy for sell pressure. After all, someone who buys an ETF or a fund is much more likely to sell than someone who self-custodies cold sats. And even among those who hold both, the proxy is usually what gets sold first. Why? Because the proxy comes with fiat tricks: tax advantages, liquidity tools, institutional buffers; that help it weather storms while still carrying the corn. Personally, I hold only cold, hard sats. Everyone should be free to do what they want with their money, but for me, being Bitcoin only is simple, clean, and satisfying. Why risk underperformance chasing vehicles that ultimately just try to replicate what holding Bitcoin already achieves? That said, I’m still bullish on Bitcoin’s properties as more companies adopt it as a store of value. But just because a company buys Bitcoin doesn’t mean they’re automatically trustworthy or credible. And it also doesn’t mean they’re evil either; if they’ve tied their success to Bitcoin, it’s fair to assume they want it to succeed. Still, trust is the sticking point. If I could rely on others to have my best interests in mind, I probably wouldn’t need Bitcoin in the first place. I’d consider buying Bitcoin treasuries if I thought I could outperform Bitcoin and end up with more sats. But with taxes, friction, and no crystal ball, that’s a tall order. So I’ll keep stacking. I’ve realized I might be wrong about a lot of things, but I’ll never be wrong for stacking a little more. Because when a man is grown, he doesn’t need a diaper; he handles his own shit. He just needs paper to wipe it. image
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sms 9 months ago
Watching billions of dollars in Bitcoin get absorbed week after week, regardless of price action, has only strengthened my conviction. In the midst of global uncertainty, Bitcoin’s resilience is becoming more evident than ever. I wouldn’t be surprised if it starts looking increasingly attractive to anyone feeling the weight of this chaos. image
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sms 9 months ago
Bitcoin isn’t a safe haven like gold; it’s a safe haven from a collapsing system. Gold is designed to preserve value in the context of the existing financial world. Bitcoin, on the other hand, is designed to thrive as that world falls apart. The gold community’s FUD didn’t push me away, it actually sparked my curiosity. And looking back, had I chosen gold over Bitcoin five, my performance would’ve been over 10x worse: in the past five years it’s been 984% vs. just 99%. That speaks for itself. I believe Bitcoin’s nature is fundamentally superior to gold’s and, over time, it will behave accordingly, but it’s also a newer and more misunderstood asset, and sometimes those misunderstandings get priced in. What we often interpret as volatility is actually Bitcoin reflecting reality more quickly and accurately than most other markets. Because Bitcoin is one of the most liquid and accessible assets in the world, it’s often the first to react in moments of global uncertainty. That can mean sharp dips due to panic, but those dips are signals. More than once, I’ve seen Bitcoin move 30 minutes to an hour before major news breaks. As adoption grows, I believe this lead time will only increase; Bitcoin is becoming the world’s financial seismograph. To put it bluntly: we’re in Dom’s car, Fast and Furious style. The fiat crowd and gold bugs hit the nitrous early, thinking they’ve won, but that was premature. Bitcoin’s just getting started, and when it kicks in, it’s going to blow past them and win the race. image
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sms 9 months ago
The way Bitcoin saves the world may mirror the way fiat destroyed it, but in reverse. That may sound like a sweeping claim, but one aspect makes this especially clear to me: lobbying. Fiat corrupted the world by allowing those closest to the money printer to buy influence: politicians, regulators, institutions. Over time, this power structure ensured that the productive class remained trapped: taxed, controlled, and devalued. The more fiat was printed to enrich the few, the more it lost value for the many. This created an exponentially negative loop, where those who actually build, grow, and sustain society were punished for their contributions, while those who controlled the system extracted value without creating it. Bitcoin, and the Bitcoiners who understand its potential, will reverse this cycle. Instead of using wealth to entrench corruption, Bitcoin allows capital to be used to support transparency, sovereignty, and innovation. Adoption grows not through coercion, but through voluntary alignment. There’s no privileged few, no one with closer access to the printer…because there is no printer. Bitcoin is for the people, by the people. If those who adopt it don’t benefit, adoption halts. But because they do benefit, it grows stronger. That’s what makes Bitcoin an exponentially positive loop. At the end of the day, Bitcoin is for everyone. And fixing the world may look different depending on your values, but that freedom of perspective is part of the point. If that’s not a reason to stack at any price, I don’t know what is. image
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sms 9 months ago
Supply is tightening while selling pressure continues to ease, and I’m increasingly confident that the top isn’t in yet. I’m clearly not alone, plenty of others seem to share that view. As supply becomes more scarce, even modest demand can have an outsized impact on price. What’s fascinating is how price itself can either attract people to Bitcoin or push them away. For some, a rising price is an orange pill: a wake up call to pay attention. For others, volatility or a lack of immediate gains becomes a turnoff. Personally, I find Bitcoin’s price action interesting, but I don’t need NGU 24/7 to stay convicted. That expectation isn’t realistic. Bitcoin is bigger than its short term chart. image
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sms 9 months ago
Bitcoin has taught me many things, but one lesson stands out: Bitcoin doesn’t let you down; your expectations do. Each day is a new opportunity to live in the moment rather than obsess over predictions. With the right mindset, a dip is simply a discount and a pump is a bonus. My share of the total supply is undilutable, and my holdings continue to grow: slowly, steadily, and consistently upward. What stands out today is how remarkably stable Bitcoin has been during a time of global uncertainty and conflict. And this isn’t some mild turbulence: the uncertainty we’re facing is serious. Yet, many are still too caught up in fiat based gains to appreciate the quiet strength of an asset once dismissed as highly speculative. That in itself is telling. Bitcoin is proving to be something new entirely: a dynamic asset, capable of existing outside the rigid constraints of its macro environment. It doesn’t need to “react” the way traditional assets do. Instead, it offers individuals the freedom to respond on their own terms. That’s what makes it unique. Bitcoin doesn’t cater to the first come, first served; it caters to the most sovereign. Supercycle might be a loaded word, but I do believe Bitcoin’s market structure has matured in a way that only time will fully reveal. Its sustainability and resilience are no longer theoretical, they’re playing out in real time. My demand for Bitcoin has moved beyond the normal concept of demand. I don’t need leverage. I don’t chase pumps. I just want to own sats. My next stack is as inevitable as my next paycheck. Price? That’s secondary. Ownership is everything image
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sms 9 months ago
BlackRock’s $IBIT has become the fastest ETF in history to surpass $70 billion in assets under management; achieving this milestone five times faster than the previous record holder, $GLD. This isn’t just a financial milestone, it’s a signal. The demand for Bitcoin exposure is growing faster than most narratives are willing to admit. While public rhetoric lags behind, traditional finance is rapidly aligning itself with Bitcoin. The integration is accelerating, and we’re on the verge of seeing it move at warp speed. But don’t get distracted. As capital continues to flow in, expect increased volatility and renewed debates around sustainability. Still, this may not play out like previous cycles. We might not get a full blown bear market, just a breather. At this pace, you may actually start getting tired of all the wins. image
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sms 9 months ago
James Wynn just closed his long and opened a short; same energy as Jim Cramer. That alone probably means new highs are around the corner, because the market makers seem to hate this guy’s positioning. It’s one thing to take reckless leverage and get rekt, but to take stupid leverage and short Bitcoin? Alright buddy, hold up; let me grab a chair for this one. Let James Wynn be a reminder: you can’t trade Bitcoin like a meme coin. This is Bitcoin, not crypto. image
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sms 9 months ago
Love them or hate them, BlackRock and other exchange traded products are accumulating Bitcoin at a blistering pace. With such aggressive acquisition and a fixed supply, how long can this continue without triggering a major price breakout? This rate of accumulation is clearly unsustainable. What we’re witnessing isn’t just speculation anymore; it’s a growing race among financial institutions for Bitcoin dominance. The narrative is shifting from profit chasing to positioning for a new monetary order. There are already murmurs about laying the foundation for a digital financial future. Power structures aren’t collapsing, they’re evolving, starting from what’s left of the middle and working outward. Bitcoin is becoming the gravitational center. image
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sms 9 months ago
Funny how people who despise Bitcoin also tend to hold shockingly bad opinions on other issues. If you find yourself defending pedophiles, or minimizing the severity of pedophilia; you’re not just wrong, you’re morally bankrupt. Enjoy staying poor, both financially and ethically. image
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sms 9 months ago
Chaos may be inevitable in the short term, but eventually, markets will reorient themselves toward something more stable and predictable. The real question is: how long will that take, and how prepared will you be when it happens? Bitcoin is no longer just a fringe idea. It’s becoming a reserve asset for individuals and entire nations alike; used as a hedge against financial instability and human error. When implemented properly, a Bitcoin standard isn’t just theory; it’s a lifeboat built for the storm. Having no plan is one thing. Making it halfway to financial sovereignty and giving up is another. Don’t be that guy. image
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sms 9 months ago
Bitcoin’s staying power is becoming undeniable, in my eyes, it’s second to none, and it won’t be long before that perspective becomes the norm. Its resilience now rivals that of entire nations, and the corporations within those nations would be wise to adopt Bitcoin strategically, or risk sharing the same fate as their failing governments. There’s a global shift underway; a trend toward Bitcoin adoption. When systems break down, and the pressure mounts, the tough don’t panic… they start stacking. In a world where everyone eventually plays by the same rules (Bitcoin), the only edge is first mover advantage. That edge may not be fully recognized yet, but it will be, and those who act early will be the ones best positioned. I’m here for the long haul. Price swings don’t rattle me; they just add entertainment. I don’t depend on any government or corporation to secure my future. As a man, I stack my own sats, not just for me, but like I’m stacking for my whole family. image
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sms 9 months ago
The California House just passed a bill that I’m still on the fence about. It would allow the state to seize crypto assets left dormant on exchanges and transfer them to what they consider a safer custodian, presumably so the original owner can reclaim them later with less risk of loss due to hacks or negligence. My main advice remains: get your coins off exchanges, but even if you don’t take that advice, your local government might end up doing it for you. Now, is it worse for the state to move people’s assets for their own good, or for someone to leave their coins sitting on an exchange for three years without even logging in? It sounds wild, but apparently people really do that. Imagine finding out a full coin of yours ended up in the state’s unclaimed property registry because you forgot about it. Personally, I think everyone should self custody, but let’s be honest; if someone hasn’t checked their account in over three years, they’re probably not interested in what I or anyone else has to say about responsible storage. At the end of the day, this really only matters to two groups: larpers and normies, and even then, they’re not going to benefit unless the asset in question is Bitcoin. Imagine going to claim some rug pull token like it’s an inheritance. image
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sms 9 months ago
Is quantum computing a threat to Bitcoin and possibly an agent of chaos? Not uniquely. If quantum computing becomes powerful enough to compromise Bitcoin, it would pose a much broader threat. That includes online banking, traditional payment systems, stock exchanges, secure web browsing, email, VPNs, classified communications, defense infrastructure, diplomatic channels, medical records, pacemakers, smart grids, supply chains, and cloud services. Bitcoin wouldn’t be the canary in the coal mine; it would be one of many systems affected. Ironically, Bitcoin remains one of the most asymmetric bets in the face of quantum uncertainty. It’s the only major protocol where concern over an event possibly decades away is already being debated and preemptively addressed…something most industries punt down to the next executive or administration. That level of forward looking scrutiny actually makes me more bullish, not less. In a quantum capable world, anyone, including bad actors, would have a choice: try to attack and destabilize Bitcoin (which could tank their own asset holdings), or use their power to help secure the network and claim the rewards. Why destroy the boat you’re sailing in? The incentives to secure rather than sabotage are powerful. It’s also worth noting that the computational cost to break Bitcoin’s encryption might simply be better spent elsewhere. Bitcoin’s encryption isn’t uniquely weak; it’s among the strongest, and in cybersecurity, you don’t have to outrun the bear; you just have to outrun the slowest person. Many systems are more vulnerable than Bitcoin…not to mention painstakingly more valuable. Eventually, Bitcoin will become quantum resistant. The real challenge is coordination: will that happen before or after a successful quantum attack? That’s the key unknown. But even a successful attack wouldn’t render Bitcoin invalid; it would likely trigger panic and present a once in a generation buying opportunity. Updating Bitcoin for quantum resistance will open a can of worms. It’ll require changes to more than one component of its design, and that brings debate, trade-offs, and preferences, but this is expected and healthy; how open systems evolve. It’s also worth noting: newer Bitcoin addresses are less vulnerable to quantum attacks, due to how public keys are handled. The threat is real, but it’s not universal, and not immediate. So what happens when quantum’s eventual threat meets Bitcoin’s inevitable truth? Growth. Betting against Bitcoin because of quantum computing will, in the long run, prove to be a mistake. image
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sms 9 months ago
I find it telling when people try to put Bitcoiners in a box; it usually signals ignorance. Anyone who takes a genuine look at the Bitcoin community will quickly realize how diverse it is, both in lifestyle and ideology, even within Bitcoin specific debates. You can’t take one person’s views or actions and extrapolate them to represent the whole. Bitcoin stands apart from every government. It’s an alternative to the system: one that can be embraced, but never controlled. That’s why it’s ironic to see people who once tried to ban it now labeling it as right wing. It isn’t. Bitcoiners would welcome any politician who supports Bitcoin the way Trump has, regardless of party. One side happened to reject it, the other embraced it. If the roles were reversed, the support would be too. Bitcoin is bipartisan by nature; anyone who advocates for it is worth celebrating. Some of the biggest threats to Bitcoin’s adoption aren’t technical, they’re social. Polarization, tribal branding, and cultural gatekeeping hurt more than they help. Bitcoin was designed for inclusion, as an open network for anyone to benefit from. Don’t let your dislike for a certain group blind you to that. Bitcoin is for everyone, including your enemies. Refusing to accept that could have long term, compounding consequences. Bitcoin is the king in a world full of crooks. If you reject Bitcoin just because your opponent didn’t, and opt for something else out of spite, that’s your choice. Bitcoin is already powerful today. But imagine what happens when regulations shift even more in its favor. It would be ironic if a future leader reversed all of Trump’s progress with Bitcoin, though realistically, they might have to support it to remain competitive. Bitcoin breaks you down, stripping away illusions with its relentless volatility and complexity, but once you seize the reins, it rebuilds you: tougher, truer, and unapologetically yourself, forged in the fire of its decentralized truth. I like that Trump supports Bitcoin. But I’m not buying his coins. To me, Bitcoin still feels too undervalued to be thinking about diversifying, and I still believe it’s misguided to idolize any man as more than human. My goal is simple: be the best version of myself, and earn more Bitcoin. image
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sms 9 months ago
I don’t like to suggest a fixed amount of Bitcoin as enough. Everyone’s situation is different: financially, psychologically, and in terms of goals, so there’s no one size fits all number. What I do recommend is simple: get some exposure if you haven’t already, and build that position slowly at a pace you’re comfortable with. This approach doesn’t just grow your holdings; it also helps you build tolerance for Bitcoin’s volatility over time. When you approach Bitcoin this way, it becomes an exit strategy, not a wild ride you’re planning to jump off. I stay productive because I have to survive, but Bitcoin motivates me to go further. I know that any extra value I create and store in Bitcoin is value that won’t be taken from me, and that’s a powerful incentive. image