₿itcoin Umuttur⚡⚡'s avatar
₿itcoin Umuttur⚡⚡
ukarakaya@iris.to
npub1magv...uf6h
☀️ ∞/21M ₿itcoin Get money, buy ₿itcoin/ Not sell ₿itcoin/ The ₿itcoin Standard/ ₿itcoiner/ ₿itcoin Only / DYOR/YTD/WAGMI/ https://mempool.space / HODL #Bitcoin / #nostr / #zap https://bitcoin.org https://bitcoinknots.org ACCELERATE HYPERBITCOINIZATION ⚡Stack Friends Who Stack Sats⚡
If you don't understand #Bitcoin, every dip will feel like a collapse Every time the price falls from an all time high, you'll think: "It's over. Time to sell everything. I've already lost 10%-60% and I'm not willing to risk the rest." This is why I tell everyone to study Bitcoin Most people probably shouldn't buy Bitcoin before they understand AT LEAST the absolute basics of what it is Once you understand how Bitcoin works, you start seeing any dips as an opportunity Compared to 4 months ago, today you can buy more Bitcoin for every unit of currency you spend Once you start seeing dips in Bitcoin's price as a GOOD thing for you and your family, you finally understand it Some basics that you NEED to know: - Minimum holding period: 4 years - Maximum supply: 21 million BTC - Nobody can stop Bitcoin - Bitcoin can be valued in anything (currency, good, or service) - Bitcoin doesn't have a physical form - Bitcoin can be accessed and purchased from anywhere as long as you have an internet connection - Governments cannot regulate Bitcoin's use - Price is determined at the margin; a small number of sellers can trigger a massive melt-down and a small number of buyers can trigger a massive melt-up - Bitcoin has no physical utility - Bitcoin is designed to be the world reserve asset - Anybody can access and audit a copy of the Bitcoin ledger - You don't need to buy a whole Bitcoin - each one can be split into 100,000,000 units - Borrowing against your Bitcoin is risky - make sure you understand the risks - 99.9999999% of altcoins are just copies of Bitcoin with a smaller network and a small change - House prices will fall forever in terms of Bitcoin - Volatility will continue forever, so get used to it - Bitcoin will be worth $100,000, then $1,000,000, then $10,000,000, then $100,000,000, etc - You should never sell your Bitcoin to "take profits" because the price will always go higher in terms of dollars
When there's not enough Bitcoin for sale, billionaires will offer ANYTHING to own some. You'll be able to get: - Houses for 0.01 BTC - Cars for 0.001 BTC - A month of groceries for 0.00001 BTC They will give you everything you need... Because YOU have what THEY want.
If so many people are scared about #Bitcoin falling from $126K to $74K Imagine how much worse it'll be when Bitcoin crashes from $1.74M to $918K
NAYIB BUKELE: "If the government can print unlimited amounts of money out of thin air, why do they collect taxes?"
🇺🇸 The US dollar is one of the strongest currencies of the past 100+ years. Yet it has lost 97% of its purchasing power since 1913 👀 image
Bitcoin is digital gold. Bitcoin is mathematical. Bitcoin is a global payments network. Bitcoin is the best money humanity has ever had. ✨
We only used gold as money in the past because nothing better existed Now something better exists: Bitcoin Gold has always been a placeholder for something like #Bitcoin
Most of your life is spent working so you can enjoy a small fraction of it You're alive for 80 years Go to school until your 22 Work for 45 years Retire for 13 years This is not the life I want IMO, saving in #Bitcoin will help you retire within 20 years
#Bitcoin is the only asset you can own without worrying that someone else will dilute your holdings away
Could Satoshi Nakamoto really be Epstein? Where did this come from? Has everyone gone crazy? On January 30th, 3.5 million pages of Epstein documents were released. Everyone's talking about it. Tweets are flying around saying, "Satoshi Nakamoto is in the documents!", "Epstein created Bitcoin!", "The CIA is behind Bitcoin!" So what's the truth? Let me tell you the truth. Both the fake ones and the real ones. Let's start with the fake ones. There are emails that went viral on Twitter. An invitation from Epstein to Satoshi: "Come here, man!" A reply from Satoshi to Epstein: "Get out of my sight!" FAKE. Yahoo News investigated this. There is NO such email in the Epstein files. Someone created it with Photoshop and it spread. I also searched the Epstein library (the site published by the DOJ). I searched for the term "Satoshi Nakamoto." The results: It only comes up in general Bitcoin discussions, in the context of the phrase "Satoshi Nakamoto created Bitcoin." There's no real connection. So no, Epstein is not Satoshi. Epstein didn't exchange emails with Satoshi. So does Epstein have absolutely NO connection to Bitcoin? Yes, he does. But it's much more mundane than you might think. Now, let me tell you the facts. In 2016, Epstein wrote an email to an advisor in Saudi Arabia. The email read: "I spoke with some of the Bitcoin founders, they're very excited." This is a real email. It's in the Epstein files. But note: it says "with some of the founders," not "with Satoshi." Is it verified? No. Epstein said so, but there's no proof. Maybe he was lying, to influence. Maybe he really did speak with them, we don't know. But I think it's a lie, of course... But the important point: Satoshi disappeared in 2011. The email is from 2016. It's impossible anyway. Second fact: Blockstream. Blockstream is a company working on Bitcoin. Adam Back and Austin Hill are its founders. There is evidence in the Epstein files that he invested in Blockstream. It's mentioned in emails coordinating travel with Adam Back and Austin Hill. So Epstein invested money in Blockstream. He was an investor in a crypto company. Surprising? No. Epstein was a rich man, he invested in everything. He was interested in technology. Third fact: MIT donation. In 2017, Epstein donated $750,000 to MIT's DCI (Digital Currency Initiative) program. What does DCI do? It funds the Bitcoin Core team. So it supports Bitcoin code developers. Why did Epstein donate? Maybe he believed in Bitcoin. Perhaps for PR. Perhaps for other reasons. But the bottom line: Epstein indirectly contributed to Bitcoin's development. Fourth fact: The 2011 comment. In 2011, Epstein called Bitcoin "brilliant." But added that it "has serious drawbacks." A normal investor comment. Nothing special. Fifth fact: The argument with Peter Thiel. In 2014, Epstein argued with Peter Thiel (PayPal founder, Bitcoin investor) about the definition of Bitcoin. The email exists, that's true. But it was an academic discussion. Something like, "What is Bitcoin, how can it be defined?" Sixth fact: The "Sharia crypto" project. In 2016, Epstein proposed a project: to create two digital currencies. One "sharia" compliant for Muslim countries. Did the project materialize? No. Just a proposal. Now, let me summarize all this: Was Epstein interested in Bitcoin? YES. Did Epstein invest in Bitcoin? YES (Blockstream). Did Epstein fund Bitcoin development? YES (MIT donation). Was Epstein Satoshi? NO. Did Epstein speak with Satoshi? UNPROVEN. So Epstein was a crypto-enthusiast investor. He did the things wealthy people do: Invest, donate, propose projects. But he didn't create Bitcoin. He wasn't Satoshi. Now, let's get to the question, "Who is Satoshi?" Nobody knows. It's been investigated for 15 years, and they haven't found him. The strongest candidates are: 1. Hal Finney: The person who received the first Bitcoin transaction. Stylometric analysis suggests he most closely resembles Satoshi. But there's no proof. Hal Finney died in 2014, and he himself said, "I'm not him." 2. Nick Szabo: Created the concept of "Bit Gold" in 1998 (a precursor to Bitcoin). His writing style is very similar to Satoshi's. But he denies it. He says, "It's not me." 3. Adam Back: Created Hashcash (the technology Bitcoin uses). Satoshi referenced Adam Back in the white paper. But Adam says, "It's not me." 4. Len Sassaman: Cryptographer. Committed suicide in 2011 (the year Satoshi disappeared). Some say the timing is suspicious. But there's no evidence. 5. Dorian Nakamoto: A Japanese-American whose real name is Satoshi Nakamoto. In 2014, Newsweek said "this guy." But they were wrong. Dorian said, "I don't know what Bitcoin is." 6. Craig Wright: An Australian, said "I am Satoshi" in 2016. He went to court, and the court said "no, you are not" in 2024. 7. CIA/NSA theory: Tucker Carlson said "the CIA created Bitcoin." Evidence? None. The NSA wrote a report in 1996 called "How to Make a Mint," which is similar to Bitcoin. But that was 13 years ago, no connection. The truth is: Satoshi's identity is unknown. Maybe it's one person. Maybe it's a group. Maybe he's dead. Maybe he's in hiding. But one thing is certain: it's not Epstein. Now let me answer the question, "Why do these conspiracy theories arise?" Because people hate uncertainty.
#Bitcoin always takes the most painful path: 1) It moves sideways when you want it to go up or down 2) It skyrockets or crashes when you least expect it to 3) It underperforms other assets in the short term to test your conviction 4) It makes you feel like the selling will never end JUST BEFORE the selling ends 5) It makes you feel like the bull run is about to end just before a new wave of tourists starts jumping in 6) It makes you feel stupid for 3+ years sometimes Once you embrace the volatility, enjoying the ride becomes much easier Bitcoin's time will come Most people will be sidelined All the weak hands must sell before that happens I don't know if that has happened yet, but I think we're close... meaning we're month away 🤣 (refer to points 2 and 4) Keep stacking Ignore the noise Focus on getting your share of 21M BTC while the majority of the world panics or ignores Bitcoin image