why would you try and use a public blockchain for privacy concerns payment?

Just to keep my name and billing address private when possible not for any overarching secrecy.

Is anyone interested in discussing a 2025 Bitcoin exit plan?
In the entire history of Bitcoin, an all time high has been reached approx 18 months after the halving.
The next halving is likely sometime in April 2024, and if history repeats, sometime fall of 2025 will be an all time high. It is my opinion retail investors for once will have a chance to front run institutional investors. We all know the big money players want to enter this space.

I believe now is a chance to build a position for potentially life changing money in the next 2 years.
What I'm grappling with is how to layer out, as nobody is going to be able to time the top.

As a Canadian I'm currently investing 50% of my disposable income into BTC, stored on cold storage for the long term, and putting the rest into a spot Bitcoin etf run by Mike Novogratz. It is the shares of the etf in my tax shelter account I want to unload during the next bullrun.

If we play our cards right this could be life changing.
Anyway, I'd love to hear some insight on profit taking strategies.

My concern about this is that each halving is less significant than the last, so history might not repeat itself.

diminishing returns, yes, but 4-year cycle still in play imo.

the "safe" way to layer out would be cash out 1/6th of your position every month beginning 12-13 months after the halving, so if the halving occurs on April 15, 2024 then begin selling 1/6 of your position every month from May 15 - Oct 15, 2025.

anecdotally, you can find some on-chain indicators that point to it being toppy, but it takes a lot of discipline using that methodology. you can also look to see when DOGE/SHIB (and now PEPE) start pumping as that is usually the final pump before the markets top out.

the diminishing return discussion is as old as bitcoin itself... BECAUSE ITS PART OF THE CODE!
hence the halving.

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SEC has officially accepted the Blockrock Bitcoin spot ETF application as oppose to rejecting it outright.

this doesn't really mean much. there are also others already in the queue ahead of BlackRock. i don't recall the SEC outright rejecting many spot btc etf applications in the past. they generally ride out the 240 days and then reject them for 'reasons'

Larry Fink is no small potato, I have to imagine he discussed the etf behind the scenes before officially launching the application. I'd be completely shocked if it gets rejected.

A bitcoin spot etf has been approved in the EU and will launch soon, Canada already has several. Is Gary really going to hold America back?

Don't disagree, I'm just saying the SEC acknowledging BlackRock's application is a nothingburger.

Ha!

After they get a better handle on their BAGS the ETF will be approved. Thankful for more time to stack I guess.

Recent state of politics, meme stocks, NFT's, anti-vaxxers, Q followers, MLM participants, and Time Share purchasers suggest that a significant number of people are irrational and when they try to make sense of things or business decisions they choose the easiest and least researched options, often those options are contrary to their best interests.

In the case of bitcoin the appeal to criminals and those trying to avoid taxes is real and understandable. To people looking to get rich quick without contributing anything meaningful to society that is also understandable, I didn't say it's the right thing, but understandable as in it makes sense.

Not sure of the future of bitcoin, but still strikes me as shady AF. But hey who doesn't want something a little shady now and then. amirite?

Anyone buying the scarcest commodity in the history of man lately?

Sats on sats on sats.

stay humble

Your fundamental understanding and comprehension of Bitcoin, and Crypto Assets, is not only flawed but it fuels your outlook with confused logic.

but hey, keep spouting misguided comprehensiveness that mimics naysayers and you'll look more echo'logical and dumb.

Must get his info from the same source as Lizzie Warren

no

If anyone is negative about Bitcoin just look at the number of views of this Bitcoin thread.

4.3 million views compared to the 2023 Trading Thread which only has 16,000 views.

That's all you need to know.

Wow 4.3 million criminals on 2p2

12 year old thread (on completely different topic) has more views than 7 month old thread...

Just a little context that could have come before the "all you need to know" part of your post

You have 37 posts, somehow you made it to the Bitcoin forum, and your username is Blockchain.

It's all you need to know.

So a document was leaked from Blackrock and their risk assessment department dated April 2, 2022... a white paper if you will on asset allocation of portfolios that hold crypto. This paper has recommendations on asset allocation percentages and it was arrived at mathematically and using very complicated algorithms.

Blackrock portfolio recommendations stand as such:
Bitcoin - 84.6%
Everything else, including all other investment asset classes (cash, stocks, bonds, art, real estate) - 15.4%

Asset Allocation with Crypto: Application of Preferences for Positive Skewness

Why so bearish?

There is a renewed push to fork for drivechains headed by Paul Sztorc and notable has been joined by the founder of the Nostr protocol.