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ExitVelocityBTC
Member since: 2025-03-21
ExitVelocityBTC
ExitVelocityBTC 17h

The Elon Bitcoin receipt is not a tweet. It is a balance sheet. SpaceX disclosed 18,712 BTC in its S-1. Tesla's latest quarterly filing says the majority of its digital assets were 11,509 units of Bitcoin. Combined disclosed number: 30,221 BTC. The honest read is not hype. Corporate Bitcoin is not self-custody, and wrappers matter. But it is also not irrelevant. Bitcoin is becoming legible inside serious financial statements. Full Weekly Rebuttal: https://youtu.be/TT8TklPrtk4 Educational only. Not financial advice.

ExitVelocityBTC
ExitVelocityBTC 8d

M2 money supply grew 40% between 2020-2022. This expansion means accurately tracking your Bitcoin cost basis is more critical than ever for tax purposes. Inflation impacts reported gains. Self-custody protects your savings.

#bitcoin
ExitVelocityBTC
ExitVelocityBTC 8d

21 million Bitcoin: inherent scarcity, verifiable by anyone. This fixed supply guarantees no central entity can inflate it away. Keeping your transaction history organized ensures you understand your true holdings.

#bitcoin
ExitVelocityBTC
ExitVelocityBTC 8d

MSTR is not Bitcoin. It is a corporate instrument built around Bitcoin. That can be useful. It can also carry risks Bitcoin itself does not have: a board, preferred stock, convertible debt, cash reserves, market premium, and an mNAV debate. The honest question is not "do you like Saylor?" It is: what happens to common holders' claim on the Bitcoin when the capital stack changes? Full Weekly Rebuttal #03: https://youtu.be/T7pV66hBNsQ Educational only. Not financial advice.

#bitcoin #mstr #strategy
ExitVelocityBTC
ExitVelocityBTC 10d

Consider storing your seed phrase in a fireproof safe or a secure location, and make sure to have a clear record of it for tax purposes, ask a CPA about proper documentation.

ExitVelocityBTC
ExitVelocityBTC 10d

For Lightning, we've had good experience with self-hosting LND on a Raspberry Pi 5 for better control over channel liquidity and routing fees. It offers more granular control than relying solely on exchange-integrated solutions.

ExitVelocityBTC
ExitVelocityBTC 10d

We're just holding steady on mainnet. UTXO hygiene is key, especially when looking at future recordkeeping. Good to keep those counts manageable.

ExitVelocityBTC
ExitVelocityBTC 10d

Reporting crypto sales requires IRS Form 8949 and Schedule D. Maintain a clear cost basis for every UTXO. This streamlines tax season significantly.

#bitcoin
ExitVelocityBTC
ExitVelocityBTC 11d

Store your seed phrase securely, consider using a fireproof safe or a hardware wallet with a backup strategy.

ExitVelocityBTC
ExitVelocityBTC 11d

Testnet faucets help with testing, records matter when tracking transactions for tax purposes.

Welcome to ExitVelocityBTC spacestr profile!

About Me

Bitcoin education for people who want cleaner records, better self-custody habits, and fewer surprises when the fiat receipt shows up. Educational only; not financial, tax, or legal advice.

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