Replies (50)
“Stay & Stack” - this is the only way. 😎✅🫡
🙌👏🙌
This will be fun to watch!
Wrong. They already started printing paper BTC and shorting the underlying. You are underestimating these assholes
My understanding was the ETFs have to own the underlying coins in full, limiting the potential to pull an FTX. Is that not true?
🫡🫂
I am not underestimating at all!
If something can be controlled, it will be. History and human greed ensure it bc of the power it brings. That is fight I’m expecting…and I’m prepared.
Just letting others know so they don’t get spooked and sell theirs.
Not only is “stay humble, & stack sats” a brilliant philosophy
I think you’re so on point re the awareness of bitcoiners
Specifically the ability to self-custody & ride out the storm
Gold was so hard to custody, at some point it could be taken
Plus information about the manipulation of gold wasnt as rife
Ie gold holders didn’t know as much about the problem as bitcoiners
As another point, I think the short-term volatility is so different vs gold
It’s like the back of a hedgehog in that it’s a self-defence mechanism
Sure, short gold, & it moves perhaps 25%
Short Bitcoin & it does a 5x. Boom. Wiped out
Fascinating times ahead
If ETF keep on moving 1 billion USD per day into #Bitcoin than the US confiscating 300 billion from Russia wouldn't look as evil.
View quoted note →ETF IS PAPER BITCOIN.
NO MATTER WHAT THEY SAY ABOUT IT BEING 1:1 BACKED. THEY WILL FIND A WAY TO EXPLOIT IT, BECAUSE IT'S NOT BITCOIN AND ANYTHING NOT BITCOIN IS PAPER.
THEY WILL PULL IN THE MAJOR INSTITUTIONAL DEMAND ONTO PAPER BITCOIN AND SUPPRESSING THE ACTUAL BITCOIN PRICE, WHILE THEY BUY OFF ACTUAL UTXOS ONTO THEIR OWN POCKETS AND KEEP SELLING NEWCOMERS PAPAER ETF CORN.
THIS WILL KEEP HAPPENING UNTIL SOMEONE BIG ACTUALLY GETS DENIED TO HAVE THEIR COINS AGAINST THEIR ETF HOLDINGS AND THAT WILL CAUSE THE BIGGEST SHORT SQUEEZE AND CAUSING MAJOR AWARENESS OF 'NOT YOUR KEYS, NOT YOUR COINS' AND TRIGGERING HYPERBITCOINISATION CYCLE.
SO YEAH I AGREE JEFF WITH EVERYTHING YOU SAY AND WILL AS ALWAYS BE GRATEFUL FOR YOUR WORK.
SORRY FOR THE CAPS, BUT YOU MENTIONED
@ODELL 😅
LOTS OF CHEAP SATS COMING OUR WAY BUT THIS WILL BE THE LAST OPPORTUNITY EVERYONE!
Thank you Jeff, I expected as much but it's always good to hear it from someone you respect.
So keep doing what I’ve been doing. Stack, HODL. GOT IT.
What a wonderfully elegant hypothesis.
Noone is coming to save you. Stack accordingly.
View quoted note →How much of the supply can the ETFs acquire? Maybe a million? Tops 1.5?
I think only 3 of them will survive. BR, Fidelity, and who knows….
The one that makes their wallet publicly auditable will win.
This
Keep spreading the word fellas and I’ll do the same 👊🏻
Standard Wall Street procedures all around. Game the gamers.
How it's going to play out
There's going to be a Government Official/Artificial Rate
And
There's going to be a Black/Free Market Real Rate
View quoted note →Ain’t nobody gonna print more ₿itcoin for bailouts. Getting rekt is all part of the education process.
Money has become a monopoly because of the games that have been able to be played with others assets due to the centralization and control of those assets.
View quoted note →Most is off the exchange now. 18 out of 20 mil or so?
Agreed - they can try and play , but #Bitcoin isn’t messing around
Fuck around, find out. 🤟
Unsqueezeable! More like hey squeeze, the more we buy.
“I like the stock” … I mean
“I like the corn 🌽 “
I’m sure there are a lot who remember the #GME squeeze, the #BTC one will happen and it’s going to be epic!
💎 🙌
Preach it.
Your post is receiving a lot of attention.
Added to the
https://nostraco.in/hot feed
Hodl the Line!
Wall Street don't need to or want to own bitcoin. They just need to convince the majority of people that they own bitcoin, which is what etf's represent and pretty soon they will control most of the flow, which is all they were ever interested in.
They have no interest in fighting, it's not how these people operate, nor in what self custody bitcoiners do on the sidelines. To see this as a fight, is to have already lost.
This doesn't stop amazing things from being created in the sidelines, including the tools which will help you and other like minded people to live and survive in a less fiat money world.
Staying clear minded is the fight.
3= Galaxy … zero fees first 6mths of ETF. That will attract some customers.
Wall Street is about to FAFO
This video was interesting because it showed the decrease in liquid coins over time. I reckon we’re a few halvings away from fully draining exchanges but when that happens absolutely tradfi is going to get REKT
Maybe a dumb question, but somewhat related. I’m still learning…
Where does the bitcoin come from to supply all the banks selling it for the EFTs? Who’s selling their bitcoin? And why? Mining alone isn’t enough right? I think there’s a bigger market that I’m ignorant of, just curious how it works
I think that letting the price go up would discourage more people to get in bitcoin then trying to suppress it. So many people think they missed it
👏👏👏👏👏
Agreed. Jeff. Hard to see it play out any differently. Suppression is the intention, but it’s never been tried on a truly scarce asset. Gold while scarce, is slightly more liquid.
It will depend on how much futures, stables and ETF dollar flows end up being, IMO.
Dangerous either way. Odd for an industry whose primary roll is fiduciary decisions.
I wish you luck trying to margin call the FIAT royalty, Jeff.
I remember how the GME “squeeze” was handled, and everyone should study that.
They can make or break any rule at any time. You cannot win against them in the FIAT realm.
The war for a better money will have to be fought in cyberspace AND in real space, where the people BUILDING the things civilization wants will need to understand they have to use Bitcoin instead of FIAT.
Good luck.
#bitcoin was always big league, it's the new players that are catching up. For those who are early, we sit back, stack sats, and watch the show unfold. The new players will bring their FIAT tools to play and will quite possibly rug themselves.
Wow
@Jeff Booth what an interesting analysis. I can for sure see the "powers that be" realizing they are behind the eight ball and using the more centralized assets as a trojan horse to attack and slow the industry as a whole to buy more time. Using centralization as a weapon; a tale as old as time and a weapon they already know works so well...
Required is such a strong word that requires so much trust.
Could they really be dumb enough to repeat what happened in 2022?
With 11 different ETFs it seems very unlikely they will be able to maintain a short position long without being discovered.
Devil is in the details id imagine. Fidelity is building out its own self custody infrastructure but i believe th rest are using coinbase as a custodian. So coinbase will be moving a bit of paper between the accts i guess 🤷♂️
Fidelity did have their own trading platform for a bit before the etf too.
My understanding is that the ETFs must hold the underlying. COIN as a custodian in most cases. This is readily auditable on chain. So I’m not sure how ‘paper’ btc occurs. But I could be misinformed
Pay attention to each other.
#bitcoin ... is at a new level ...
👇
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