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 7 months ago
Day 1985: I’m still incredibly bullish. Bitcoin remains, in my view, the most asymmetric bet money can buy. Every stack I add is like reinforcing my position: more protection against unforeseen risks, more allies for my sats tucked away in hyper remote locations like a hardware wallet. The dollar keeps weakening relative to itself, its purchasing power eroding year after year, while Bitcoin continues strengthening relative to its own past. The idea of diminishing returns is a fiat mindset. Every true maxi feels it. Maybe the super cyclers weren’t wrong after all, just early. Do recent regulatory shifts in favor of crypto or temporary dips in Bitcoin dominance shake my conviction? Not at all. If my neighbors started inviting foxes into their henhouses, I wouldn’t follow suit, and I’d hope I wouldn’t be forced to help clean up their mess of dead chickens. People buying altcoins only makes my life easier. That’s just less buying pressure on Bitcoin, and cheaper sats for me. I believe Bitcoin enforces the hardest monetary policy in the world, and it’s only going to get harder. I’m so bullish that I think Bitcoin dominance shouldn’t just be measured against the crypto market, but against the entire global financial system. It already comprises the majority of the crypto space, plus a tenth and some change. Right now, Bitcoin represents about 0.3125% of global wealth. Fitting, isn’t it? That number lines up nicely with the current block reward of 3.125 BTC. The poetry in that isn’t lost on me. image
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sms 7 months ago
Watching M2 surge at this pace feels like a bullish signal for Bitcoin, but it also raises serious questions. Who’s printing all this money? Who is devaluing the dollar at a rate we haven’t seen since 1973, and why isn’t this front page news? If it were, we’d probably see a wave of retail speculation and hype. Instead, what we’ve seen so far this cycle feels grounded, not in hype, but in liquidity. I believe the blow off top hasn’t happened yet. The real catalysts are still stacking: mounting reasons for no coiners to want to feel whole again, and maybe, just maybe, this time we won’t see the typical post peak crash. I can’t say for certain, but I’ll be there with every sat I have now and then some, ready to see what unfolds. Bitcoin and fiat remind me of the tortoise and the hare. The dollar sprints with printed fuel, while Bitcoin steadily advances, quietly gaining ground against a faltering fiat system. My conviction in Bitcoin is so strong that I have no interest in trying to time the market. Regardless of whether the cycle patterns repeat or evolve, I know where this is heading in the long run. It’s funny; this feeling I get has served me well before: Bitcoin feels cheap around $110K. image
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sms 7 months ago
Some might still call Bitcoin high risk, high reward, but I struggle to see it that way. In my experience, the real risk is having no Bitcoin at all…or better put, having no exit from a system that’s structurally stacked against you. Sure, the fiat value of my stack might fluctuate, and there’s always a chance it dips temporarily. But it’s also outperformed nearly every other opportunity I’ve had access to; short of insider trading or unethical behavior. At this point, my only real concern is stacking more. Fortunately, that’s becoming easier than ever. Still, the thought of a future where you can’t buy Bitcoin with dollars; that’s both terrifying and incredibly bullish. Up until now, individuals and especially corporations have been penalized by regulation for holding Bitcoin. But the tables are turning. Soon, people and institutions may be more incentivized than ever. If Bitcoin’s engineered properties, like scarcity, neutrality, and auditability, weren’t already enough to win you over, incoming regulatory alignment might tip the scales. It doesn’t have to float your boat personally, but sooner or later, the boat you’re in will be floating on Bitcoin. The best performing companies will inevitably run on a Bitcoin standard. If the fundamentals didn’t convince them, regulatory incentives will. Corporations tend to respond more decisively to such signals than individuals do; at least from what I’ve seen. image
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sms 7 months ago
Bitcoin has taught me to be skeptical of unnecessary complexity, overreaching ambitions, and environments prone to scams. In a world obsessed with growth at all costs, Bitcoin’s simplicity and clarity stand out. There is no second best asset. In a consumer driven society, minimalism isn’t just refreshing; it’s powerful. image
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sms 7 months ago
Watching institutions go on massive Bitcoin buying sprees, stacking sums that immediately dwarf my own, is definitely humbling, but it’s far from discouraging. After all, whose Bitcoin is it? It’s not truly the shareholders’ or the replaceable staff’s. It belongs to the company: the system itself. When corporations began adopting Bitcoin, it became clear that Bitcoin doesn’t just benefit individual organ systems (people); it enhances the integrity of organizational systems as well. It reaches higher order structures, not just individual holders. The pace at which they’re buying makes it feel like we might run out…but we haven’t, and despite appearances, we’re no closer to exhaustion than we usually are. Maybe there’s paper Bitcoin being shuffled around, but mine isn’t paper. No institution is buying my stack with fiat derivatives or instruments I don’t have access to. Not every company that adopts Bitcoin will succeed. It may only be those that align closest to a true Bitcoin standard that survive long term. Eventually, when the biggest and best treasuries have acquired most of what’s available, perhaps they’ll start acquiring other companies just to gain access to their Bitcoin holdings. Maybe we’ll never see another bear market, or maybe we will, but only the strong will survive and I’m not going anywhere. My sats stand 1:1, fully owned, fully held. I can’t be knocked out. image
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sms 7 months ago
I’m 100% spot Bitcoin, fully self custodied: a naturally aspirated Bitcoin maxi, if you will. I don’t feel the need to turbocharge my stack with leverage or derivatives. That kind of boost might offer short term torque, but it tends to overcomplicate things and adds failure points down the line. Instead, I’d rather slowly and steadily build the engine: bigger, stronger, and more resilient over time. Fiat is like a turbo: it overstimulates the markets, creates overheated systems, and introduces fragility. Bitcoin, on the other hand, is the solid engine block; something you can reliably build on. The future may involve some awkward hybrid systems: fiat financed Bitcoin instruments designed to appeal to fiat minded investors. That might create the kind of Frankenstein version of Bitcoin we’ve all feared: a diluted, co-opted shell of the real thing. But don’t let that confuse you. Don’t pass on Bitcoin. This opportunity won’t wait forever. I believe Bitcoin’s influence over global markets will only continue to grow. In times of chaos, the strong stand firm. In times of balance, the strong get stronger. That’s Bitcoin to me: already the best, and still getting better. Fiat enhancements may draw attention, but those with a fiat mindset will eventually realize: the more Bitcoin you have, the better. image
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sms 7 months ago
Bitcoin may be many things, but fragile isn’t one of them. It’s fragile hands that create the opportunity for me to buy cheap sats, and that’s not a flaw, it’s a feature. Every shakeout is a purification process, filtering out the weak and strengthening the conviction of those who remain. It might not be what you hoped for, but it just might be what you needed. I’m not here to cheer for traders. I’m a stacker. I’m a holder. And I’m far from alone. Volatility doesn’t scare me; it motivates me. Dips keep me focused, productive, and stacking. Over the long run, that discipline pays off. image
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sms 7 months ago
Will there ever be institutional treasuries holding fartcoins? Probably not. Smart money already knows the difference between Bitcoin and everything else, and it’s only a matter of time before the rest of the world catches on. Sideways chop might seem boring, but it’s a blessing in disguise for those steadily adding exposure. For leveraged players, though, it’s a slow bleed: death by a thousand cuts. Historically, Bitcoin dips during periods of geopolitical tension. That’s not a flaw; it’s a natural shedding of weak hands. What follows is often a correction and stabilization, as stronger, more convicted holders step in. Now we’re seeing historically low volatility during a time of elevated global tensions; tensions that are starting to cool off. That could be a signal: a return to business as usual, and maybe the calm before the next leg up. One thing I’ve learned: when people start saying Bitcoin has become predictable, I take a step back. That kind of complacency usually precedes a surprise, and it’s the observant who see it coming. I’ve never once regretted stacking more corn. Bitcoin is an experience: deep, humbling, and rewarding. No matter how much I’ve committed, I know there’s always a deeper level. My demand might be finite, but it’s persistent, and while I don’t know what effect it has on the system as a whole, I’m grateful for the effect it’s had on me. image
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sms 7 months ago
I’m so bullish on Bitcoin that I don’t need leverage; spot is enough. In fact, I hope overleveraged longs get wiped out. Speculative gambling only drains sat stacks in the long run. Real conviction isn’t measured by risk appetite, but by how many sats you keep when the dust settles. image
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sms 7 months ago
At some point, I just became indifferent to all the noise. Now, I simply want to stack more sats and live, not to be confused with surviving under some form of modern slavery. Whatever challenges lie ahead, I feel ready. I’m not interested in trading away my freedom for short term comfort, only to realize later it created more problems than it solved. I’d rather face the storm with my rights intact. Living on a Bitcoin standard makes my net worth look volatile on paper, but ironically, my actual life feels more stable than the lives of many I know who rely on fiat. What do you even call that? Inverted volatility? Right now, Bitcoin seems to be consolidating. That means what comes next is uncertain, but with prices already this high, I wouldn’t be shocked if the next leg up seems like hopium irl. These are stressful times, but stress is a choice. Stacking? That’s automatic. image
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sms 7 months ago
If historical patterns are any guide, we might be approaching a cycle top, but honestly, I don’t care. I’m pressing the pedal to the floor. Whether Bitcoin drops below $100K, soars past $250K, or stays exactly where it is; you won’t shake me. I don’t believe Bitcoin has to conform to these narrow, predictable cycles. It hasn’t been around long enough for me to treat past performance as a reliable map for future upside. Ironically, when the crowd gets cautious, I tend to get confident; can’t explain it. But in times like these, with global tension rising and even WW3 on the table, I’m stacking harder. If there’s a chance at peace in the Middle East, I want to meet it with conviction, not hesitation.
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sms 7 months ago
Bitcoin is a hedge against reckless, even outright foolish, monetary policy. It’s not some magical asset immune to hype or outlandish predictions, but its fundamental value proposition remains intact regardless of the noise. Personally, I’m focused on the $120K level, not as a finish line, but as a milestone. I’m tired of seeing multi million dollar predictions tossed around like it’s a game. One step at a time. Yes, Tim Draper says Bitcoin could be worth infinity dollars. And while that sounds extreme, it actually gestures toward a deeper truth: if Bitcoin is the final escape hatch from a broken system, how do you even price that? Bitcoin isn’t just an alternative; it’s the alternative. The ultimate plan B, for everyone, everywhere. And let’s be honest: what some call a “ drawdown often feels like nothing more than coordinated doubt; a kind of conspiracy against what they don’t control. Don’t underestimate Bitcoin’s borderless nature. In a globalized economy, that alone sets it apart. It moves freely, indifferent to borders, politics, and monetary mismanagement. image
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sms 7 months ago
My strategy is simple: Bitcoin. And it turns out anyone, at any level, can benefit from it. I used to think I could be one of the big dogs in this game… but now we’ve got tanks rolling in. Institutions stacking Bitcoin like it’s wholesale, and I’m just trying to keep pace. It’s humbling, but motivating. Get used to hearing about Bitcoin. It’s not just a movement anymore, it’s becoming the standard. image
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sms 7 months ago
I don’t care if we’re in a bear market or not. Honestly, it doesn’t matter. Buying all the way down during the last cycle was the best decision I’ve ever made. At this point, it feels like nothing else matters; I just keep stacking corn. Not because of some grand macro thesis, but because it’s the ultimate troll to all the financial tryhards still clinging to broken models. So yeah, we go higher. Not because it makes sense to them, but because it shouldn’t, and that’s exactly why it will. image
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sms 7 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 7 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 7 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 7 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 7 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 8 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