Bear Market Diary 2023: Sean Harris Interview
By @piratebeachbum - Analyzing The Bitcoin Bear Market Series - Volume 23
Name
Sean Harris
Country
I’m American, but currently in Spain.
How do people know you?
Greg’s token basketball player. Also from Bitcoin Twitter, Meme Factory, and The Halving Party.
How long have you been into Bitcoin?
I started studying bitcoin in 2017, but I waited until 2019 to buy because I had no clue what was going on. Class of 2019 is for the few, few.
How many Bitcon market cycles have you been through?
It’s been 4 years now, but feels much longer.
What are you optimistic about in this space despite the current state of the market?
Every person I meet that is a Bitcoiner is doing something awesome with their life. Bitcoin organically inspires people for the better and I’ve had the good fortune to meet Bitcoiners in many countries and see that the true idea of Bitcoin is alive and growing worldwide.
What tips do you have to those who are new to this or who might be upside down?
I made my biggest Bitcoin buys at $50k. I’m in the same boat. The good news is you need less Bitcoin than you actually think-that’s a bullish statement. Keep stacking as hard as you can, don’t compare your stack to anyone’s but yours, and find your Bitcoin zen. But just like the Timechain the past will remain unchanged, the future is exciting and is yet to be told ;)
Biggest regret during the last bull market?
That I was too much of a normie to study Bitcoin more and didn’t have the balls to buy Bitcoin and hodl.
What have you learned so far in this bear market?
Put yourself in a position to make more money to get more Bitcoin. Economies work because people do too. Become of value to your community by providing a good and/or service or by upping your skills and not only will you be compensated handsomely, you will be making the world a better place.
What is the biggest fail you have seen during the last bull cycle?
A Bitcoin core dev keeping his keys hot and getting 200 bitcoin stolen. Big time fail honestly!
What do you think about all the influencers promoting companies and products that have imploded?
If you’re an influencer, you should be doing your homework on the companies that you shill to your audience. This goes for any influencer in any industry. Not only should you use the companies yourself but you should vet them thoroughly. Obviously no one has a crystal ball on who will fail, but you should try your best to know. Any companies that support shitcoins have a greater chance of failing.
Why do you think people still listen and support these people?
Maybe they learned Bitcoin knowledge early on from them and have sentimental value attached to those people. They should be at minimum peeved that these influencers didn’t steer them away from these companies.
What do you think helped trigger the current bear market?
Natural occurrence, every 4 years, see it again in 2026. And then 2030. And then 2034. Until hyperinflation of the dollar, that’s when the cycles end and we will be in the “suddenly” phase.
Who was most exposed during this last market meltdown?
Anyone that turned to shitcoining full time- Nic Carter, Raoul Pal, Mike Novogratz. Obviously SBF.
Why do you think memeing is important in Bitcoin?
You can’t meme a lie and make it that good. Meming the truth comes naturally. That’s why Bitcoin memes are so good and shitcoin memes never are that good. Memes have the ability to cut through the noise and deliver an impactful message of truth in seconds.
How do you feel about memefluencers?
If their memes inspire, uplift, add beauty, humor, entertainment, truth, and help me be better overall- then keep the memes coming. If they do it only to get paid- then get rekt. We are fighting a war here. We need men who can’t be bought, or who at least can say f*ck you to the money if pushed too far.
What is your favorite meme you have seen lately?
Opti’s airhorn, it’s the signal and the noise 🔥
What are your thoughts on Bitcoin Maximalism?
It’s a natural conclusion for anyone who has integrity and has done the work. Bitcoin is the only money that you have full control of your own while at the same time no one has power over the monetary system. All fiats have centralized control, a lack of power for the end user, and that creates a bifurcated society. All cryptos not named bitcoin are fiat. Bitcoin is money with set rules and no rulers, fiat is the opposite. Bitcoin is a once in a species innovation and should not be overlooked.
Why do you think there is a narrative to demonize Bitcoin Maximalists?
That narrative exists because there are many fiat rulers who do not want to yield the power that fiat currently grants them. They have control over governments, media, scholars etc through fiat funding- Bitcoin Maximalists are the ones who can take their power away and distribute that power back to the individual.
What kind of damage do you think the radical price drop has done to buyer sentiment?
Number go Down has the same effect on non Bitcoin maximalists as Number go Up. It’s antithetical to the old trope “buy low, sell high” but FOMO is a powerful drug. Most people get excited when NgU and disinterested when NgD. But if you are curious enough then you will do the work required to understand bitcoin, and then you’ll get FOMO to buy at all times regardless of the fiat price.
Do you think this latest little pump is a sign the market is turning around?
I have no clue, I don’t try to time Bitcoin week to week or month to month.
What are your tips for HODLing Bitcoin through this cold bear market winter?
STAY SOLVENT. Do not lose your stack for being dumb. Expect the worst and hope for the best. A big recession/depression could still happen. If that happens, remember every cloud has a silver lining.
How do you feel about alt-coins and NFT’s and stable coins right now?
Alts and nfts are absolute hot garbage. We are trying to fix the money, they have nothing to do with any of this. As for stable coins, I guess I can understand the demand in a country like Argentina or Venezuela with high inflation. I’m still not a big fan of them but understand they may be a necessary evil for the time being.
What are your thoughts on ordinals?
More hot garbage. Again, they have nothing to do with fixing the money.
What do you think about the collapse of all the sketchy companies and shitcoin peddlers like FTX, blockfi, Celsius etc?
Good lessons, I think we will see more. In 2019 they said the days of Mt Gox were over as they pitched us a 6% yield on our bitcoin. They lied. Take those lessons and remember not your keys, not your coins, ever!
Do you think anyone will go to jail?
If you pay off the right people you don’t go to jail. Look at SBF.
What is the best way to accumulate Bitcoin during a down market?
Definitely not trading, leveraging, or gambling on shitcoins. Add value to society, you will be compensated, you will make the world a better place.
Any tips you want to give to people new to Bitcoin?
It’s a rollercoaster. Slowly buy in your position. Bitcoin is not an investment, it produces no yield nor dividends, it is savings. Gain conviction by study and by verification of the network. Verify yourself, don’t trust my words. You can do it!
Any last words of wisdom?
Freedom is not free. Freedom money much less. We may bend but we won’t break. The fiat currency we’ve been using has slowly shackled us. We are being handed freedom in the form of money. Don’t compromise your morals for more freedom money, because then it will become slave money to you. And you a slave to your desires. It’s not only about how much bitcoin you get, it’s about how you get it. Stay true to yourself and build something of value. You’ll respect yourself much more, and you’ll gain your freedom. That’s the fight that I’m fighting for. Peace✌️
»»»»»» Twitter | Youtube | Citadel21.com | Crypto News | Cryptoqed ««««««
Great interview!
Strong words from a strong man of character (and stature - hah!). BigSean’s Profound and introspective take really hits home...really loved the humble tone, mindset to persevere and meme summary - thx homie!