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Owned by Nate

Captain Skool

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Private group for fishing guides to grow their business.

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24 contributions to Bitcoin
Never forget 2016 + 2017...
The last time bitcoin had a 90 day moving average that was this low in volatility was in 2016. And do you know what happened in 2017? A volcanic eruption. Price went from 1k to 20k. When bitcoin is low in volatility it means there is an equal amount of buying and selling pressure. Which really means a strong foundation for a massive tower is being built. As weak hands sell, and strong hands buy, it just makes bitcoin more and more potent. Eventually all the weak sellers stop selling (cause they run out of btc) but the buyers keep buying (because they know how to earn infinite flat) and that's when things go BOOM in an upwards fashion. But back in 2017, things were very different. There were no institutions buying billions of dollars worth of bitcoin. There were no bitcoin treasury companies adding billions of dollars to their balance sheet. There were no ETFs absorbing billions worth of bitcoin. There were no countries adding billions worth of bitcoin to their strategic reserve. 2025 is the year of a completely new kind of buyer. A sophisticated, long term thinking, deep pocketed, high IQ buyer who has ZERO plans of ever selling, and ZERO need to sell. So this time, unlike in 2016, when all the sellers run out of btc, it won't be just the millionaires buying and pushing up the price for a short term flip and a quick profit... It will be the billionaires. The corporations. The 100+ treasury companies. And all the countries... Not to sell for a profit a month later. But to preserve, grow, and protect their wealth forever. I hope your bags are packed. We are preparing for lift off...
Never forget 2016 + 2017...
0 likes • 2d
they are packed. im ready... 🚀
What’s driving the BTC price drop?
$109.5k at the current moment. A whale dumped 2.5B worth of BTC Sunday. And it seemed like the price recovered but now is falling. Slow summer? Even slower September? 10 days ago we hit an ATH though so just funny how the market sentiment is so bad right now on Twitter at least. Also, do you guys believe we’re still in the early adopters phase of the adoption curve, or the early majority? Let’s get a good discussion going.
0 likes • 29d
@Daniel Bissonnette Agreed
this is why you don't keep your coins on exchanges
I don't care how "safe" your exchange seems... you need to get ur BTC off coinbase, kraken, crypto.com ASAP and get them into self custody using a ColdCard wallet. Not your keys, not your coins... Below are 7 real world examples of why exchanges are risky and cannot be trusted no matter their track record and no matter how "trustworthy" and "reliable" they seem. I've also linked to a documentary for 6 of them so you can sit back, relax, and enjoy as you learn about the history of crypto. 1. Mt. Gox My sister got screwed with this one... Year: 2014 Losses: 850,000 BTC (worth 101 BILLION today) Mt. Gox was the original crypto catastrophe... Mt. Gox handled over 70% of all BTC trades before its collapse. It lost hundreds of thousands of BTC due to a long-running, undetected hack. CEO Mark Karpeles was arrested for data tampering (though not for the hack). Creditors have spent over a decade waiting for payouts—some are finally receiving partial repayments in 2024–2025. Before its collapse, Mt. Gox was by far the dominant Bitcoin exchange, handling the vast majority of all global BTC trades. It was considered the central hub for Bitcoin trading, and its failure sent shockwaves through the nascent crypto market, leading to a significant drop in Bitcoin's price and a period of deep mistrust. 2. Bitfinex Year: 2016 Losses: 119,756 BTC (worth 14 BILLION today) Hackers exploited Bitfinex’s multi-signature wallet system (shared with BitGo), draining hundreds of millions worth of Bitcoin. The hack led to a 36% haircut on all user balances, which were replaced with "IOU" tokens (BFX). In 2016, Bitfinex was one of the top 3 exchanges.. The hack caused an immediate 20% plunge in Bitcoin's price, demonstrating its significant impact on the market. While not an outright collapse, the "haircut" on user balances and the subsequent IOU tokens severely impacted user trust and led to a period of uncertainty for the exchange and the broader market.
2 likes • Jul 17
Makes me wonder what comes next on this story board...
BREAKING: BTC Hits $118,000 USD 🥳
A new ATH but still $882,000 away from 1 mil per coin so you're still very early.
BREAKING: BTC Hits $118,000 USD 🥳
6 likes • Jul 11
That math hurt my brain lol… wouldn’t we be 882k from 1M?
1 like • Jul 11
@Ted Carr I don't want to be "that guy" but...
Owning bitcoin feels like:
Winning the lottery in slow motion 😆
4 likes • Jul 10
facts
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Nate Perry
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@nateperry
I help people grow their fishing charter business.

Active 7h ago
Joined Jan 16, 2025
INTJ
Michigan ✋
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