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Bitcoin Back Above $31K

Bitcoin Back Above $31K

Sats O'Clock
May 31, 2022

Wake Up! It's Sats O'Clock.

Another weekend and another dip (sigh).

Good morning. It's May 31, 2022.

Bitcoin is back above $31K.

Remember, Dollar Cost Averaging is your best friend!

As realized losses grow, investors may potentially be using tax loss harvesting to offset any capital gains.

During bear markets it's rare to have these large spikes of realized losses. #Bitcoin
— Root 🥕 (@therationalroot)
11:21 PM • May 30, 2022

A fascinating thread from Gigi. He also highlights the difference between Bitcoin and alts in a thread posted below.

It's time to stop playing games. There is bitcoin, and there's shitcoins. The former is time, the latter is a waste of your time.
#Bitcoin is freedom money. All other monies enslave you in one way or another. Only Bitcoin makes the individual sovereign.
— Gigi ⚡🧡 (@dergigi)
6:55 PM • May 30, 2022

Some interesting news out of Russia.

JUST IN: 🇷🇺 Russia has added a proposal to allow #Bitcoin and #cryptocurrency payments in foreign trade to its draft law.
— Watcher.Guru (@WatcherGuru)
5:15 AM • May 30, 2022

12% of Argentinians own Bitcoin or crypto. Do you think this number will grow?

💥ARGENTINA: 12% own #Bitcoin or crypto.
Inflation is 60% there 🤔
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive)
4:01 PM • May 30, 2022

Jack Dorsey asks a question that will be very important in the coming years.

when did the dollar lose global reserve currency status?
— jack (@jack)
6:54 PM • May 30, 2022

As always, the Lightning Network continues to grow to record high capacity day by day.

Bitcoin lightning network capacity continues pushing to new all-time highs despite the recent price decline.
Although still in its infancy, Bitcoin's L2 continues to show consistent growth; allowing BTC to scale as a medium of exchange.
— Will Clemente (@WClementeIII)
10:06 PM • May 30, 2022

A small thread on BTC Miners Data from Dylan Leclair.

Some weekend thoughts on miners,
With #bitcoin hash rate 20% above it's China mining ban peak and with price trading near 16 month lows, if the market faces much more weakness or hash rate goes much higher, miners margins will really start to get squeezed.
1/5
— Dylan LeClair 🟠 (@DylanLeClair_)
8:17 PM • May 28, 2022

Here is a technical video on how Bitcoin ACTUALLY works.

If you missed it...

The truth on a billboard.

#Bitcoin billboard says “Your savings are being printed away. Plan ₿” 👏
— Bitcoin Magazine (@BitcoinMagazine)
8:06 PM • May 30, 2022

MEME OF THE DAY

Real ones will know.

#bitcoin is man’s best friend.
— ⚡️ Orange Pill App 🍊💊 (@orangepillapp)
6:56 PM • May 29, 2022

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