Topic: Are you worried about the US Government moving BTC? - page 2. (Read 504 times)
Here is the thing even if US government managed to accumulate 1 million bitcoins all it can do is price manipulation which is completely different from controlling the bitcoin and for the record, the esmtination of lost bitcoin is around 4 million bitcoins so the lost assets exceeds what someone have that makes the price of asset to go higher due to reduced supply and to answer I am not worried and US government is not going to control in this way in my opinion, they are trying to squeeze the crypto platforms by hammering them with regulations and lawsuits.
On the one hand, the United States government has fairly bad viewed of bitcoin drastically difference opinion on other side very aggressive in freezing bitcoin assets from several criminal cases and storing them in their wallets. So far the number of bitcoins confiscated to date has reached more than 207,189 and is the only wallet with quite a large number of bitcoin holders. It doesn't seem fair what the United States government is doing with the amount of bitcoin they confiscated that is currently not being returned to investors or consumers who are victims of crime.
Its still not possible to speculate on the amount of bitcoin transferred by the United States government at this time whether it will remain as collateral or confiscated by the state and there is a possibility that it will be sold before the halving and the price of bitcoin has reached almost $70k.
Its still not possible to speculate on the amount of bitcoin transferred by the United States government at this time whether it will remain as collateral or confiscated by the state and there is a possibility that it will be sold before the halving and the price of bitcoin has reached almost $70k.
No worried.
I think they will do it and the proceeds will go into US treasuries... As for the impact, of course after the sale of BTC by the government there will be volatility, but only in the short term. This is also a repurchase opportunity for anyone who wants to increase their BTC holdings. In my view, the more BTC that leaves its owners, the more people will buy in and this will increase the level of confidence in BTC's long-term prospects in the future.
Regarding personal investment strategies and if you are used to market volatility as you said in the vote above, I choose I don't care, just DCA and hold BTC and that is also not a reason to panic so we have to throw away our BTC for no reason. clear.
I think they will do it and the proceeds will go into US treasuries... As for the impact, of course after the sale of BTC by the government there will be volatility, but only in the short term. This is also a repurchase opportunity for anyone who wants to increase their BTC holdings. In my view, the more BTC that leaves its owners, the more people will buy in and this will increase the level of confidence in BTC's long-term prospects in the future.
Regarding personal investment strategies and if you are used to market volatility as you said in the vote above, I choose I don't care, just DCA and hold BTC and that is also not a reason to panic so we have to throw away our BTC for no reason. clear.
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
- I don't think they, like us, understand that bitcoin will increase in price over time, like cryptographic assets, and will gradually sell them to the market.
- let it happen to see, because in the current context as I mentioned before, the pressure on the case is not too great, it will just be like normal news in the space. And if they are willing, there are always contractors who will pay to keep those bitcoins if they need to sell them all.
- Surely this is not an event that concerns me much, because we have bigger stories that confuse the weak minded (the Mt. Gox story).
The US government has the right to sell all confiscated BTC, which was seized from criminals. Why would anyone be worried about this?
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.
I agree with this: the US government can sell BTC within their budget, and I believe they will not sell hastily and cause the BTC price to be too negatively impacted. Every seller wants the asset price to remain stable or continuously increase to get the maximum amount of money.This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.
BTC price is currently moving sideways and the trend cannot be decided even though it just touched 70K USD. I think this comes from the selling pressure of Genesis and the US government. Anyway, the selling pressure from them is insignificant compared to the buying pressure from those who are FOMO. This could be an opportunity for many Altcoins to receive cash flow from BTC and grow strongly.
I really feel that concern considering how the US government's feedback on Bitcoin is quite negative. It is possible that at a certain time or indeed it has been done little by little they sell it and see the decline that occurs which is quite significant and has an impact on the market. With the large number of Bitcoin holdings and the attitude of the US government, this depends on whether, after the ETF is running, it can immediately respond when Bitcoin from the US government is sold. The point is that there are strong hands ready to buy. Regarding the profit-taking strategy, it is certain and the US government will make many of the Bitcoin community angry if it sells at the same time. This year is getting closer to the Halving, so the government's transfer of Bitcoin is something to be wary of.
The US government has the right to sell all confiscated BTC, which was seized from criminals. Why would anyone be worried about this?
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.
This might create a short term price drop, but the serious crypto traders shouldn't be worried about this. Of course the crypto newbs will panic and start panic selling again, but this is yet another opportunity to get BTC at a lower price. "Weak hands" always lose on the market.
I'm sure that the US government wouldn't sell all the BTC at once. This would lead to a lower BTC price, so the overall revenue from the sales will be lower.
I voted for DCA and Keep Holding so that clears my stand that I care nothing about if the US government selling or now because one way or another someone (in the whales will do the same) so why should i really care?
When I decided to trust bitcoin that comes with the ups and down of the value so I will stick to that.
When I decided to trust bitcoin that comes with the ups and down of the value so I will stick to that.
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
1. I don't give a damn.
2. I put a lot of emphasis on the difference between the short term and the long term. For investments, for gambling and life in general. In this case it may affect the market downward at one point in time but it doesn't change the long term perspective I have.
3. Of course not because I invest for the long term.
If you say that we shouldn't be worried then we shouldn't be worried 
, I think that it's a really crazy thing that US got the highest number of bitcoin and they don't even accumulate their bitcoins, they just seize those bitcoin that was made from illicit activities and now they've got a really huge amount of money sitting there, just waiting to be used I guess, what they're going to do with the money is still mystery to me though like why are moving those amounts somewhere? Needing another source of money for military budget?
, I think that it's a really crazy thing that US got the highest number of bitcoin and they don't even accumulate their bitcoins, they just seize those bitcoin that was made from illicit activities and now they've got a really huge amount of money sitting there, just waiting to be used I guess, what they're going to do with the money is still mystery to me though like why are moving those amounts somewhere? Needing another source of money for military budget?I don't feel happy whenever the price falls down. I guess that's normal for everyone of us here. So when the US government decides to dump their coins, that would make me a little sad because that would mean the price would be affected. But since I know that the correction would be temporary and that the demand would eventually erase the selling pressure, I think I generally don't care. Especially at this point when the global demand is rising so fast, the US government selling won't really be a game-changer.
We're opposite because I'm a long-term hodler so I almost always want bitcoin to go down in prices when it comes to me buying some bitcoin, I want to make sure that I'm getting a huge value whenever I buy and that's what I always wait for whenever I have a huge payday with my job and other side hustles. There's also the fact that I believe in bitcoin and it's inevitability to be able to go back up again whenever the prices are dumping and everyday is another new low for it, it will eventually recover which have been done many times before.
I don't feel happy whenever the price falls down. I guess that's normal for everyone of us here. So when the US government decides to dump their coins, that would make me a little sad because that would mean the price would be affected. But since I know that the correction would be temporary and that the demand would eventually erase the selling pressure, I think I generally don't care. Especially at this point when the global demand is rising so fast, the US government selling won't really be a game-changer.
I do not care at all about what US Government does with the Bitcoin they have stolen from someone. The amount of volume which is being added to Bitcoin everyday is way beyond their control and I am sure, it will continue to uprise no matter what any country's government does. Also, can we some considering US to be the only nation in the world? Why not talk about the positive impact EL Salvador is making for the Bitcoin?
I don't care and don't feel worried, that's their business and also their right because it's not my Bitcoin and it doesn't harm me either.
And the only thing I'm worried about is if Mr. Satoshi Nakamoto sells his holdings, because that will make the price of Bitcoin drop very significantly and apart from him I wouldn't worry and also don't care about it.
And the only thing I'm worried about is if Mr. Satoshi Nakamoto sells his holdings, because that will make the price of Bitcoin drop very significantly and apart from him I wouldn't worry and also don't care about it.
1. Why would I? That's nothing compared to the actual volume that we're having. But those with heart problems probably has to prepare themselves upon hearing the news that they have already sold that quantity of Bitcoins.
2. Probably but it's for the short term and just as how the quick crash has happened yesterday. You'll just see the quick recovery that became a normal thing for Bitcoin.
3. Nope. I'll keep holding no matter how bad the news are or whoever is going to dump their Bitcoins. Because there will always be someone who's bigger who would like to take those sold Bitcoins.
2. Probably but it's for the short term and just as how the quick crash has happened yesterday. You'll just see the quick recovery that became a normal thing for Bitcoin.
3. Nope. I'll keep holding no matter how bad the news are or whoever is going to dump their Bitcoins. Because there will always be someone who's bigger who would like to take those sold Bitcoins.
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I try not to concern myself and worry about the things that I cannot control, and this example is one good example of the situations that I cannot control, hence so not worry myself. The US government can move BTC in any quantity that they like, it is no concern of mine. Concerning yourself with things you cannot control os distracting, and can sway you from the focus of accumulating your own bitcoins.
I honestly can't imagine why anyone would care that the US govt has bitcoin. I don't get the fear people have around any entity having a lot of Bitcoin. You're afraid they are going to sell? Guess what, that's perfectly acceptable lol. Anyone is allowed to buy or sell as much Bitcoin as they want. There is no problem there. I really don't understand this panic people have about large bitcoin holdings. Let people, companies, govts, whoever do whatever they are gonna do with their Bitcoin. It doesn't affect you. There is no reason you should at all care, let alone be worried.
- Will this event have a negative impact on BTC and the entire crypto market?
On its own, I doubt that it would have any significant impact on BTC or the crypto market, but when it happens together with a series of other events then it can have an impact. For example, if the US government decides to sell its Bitcoin when other whales are selling the collectively, they can have a negative impact.
Also, I said it won't have a significant impact, not like it would have an impact at all. In the middle of last year, the price dipped a bit but it was only for a short term, that could be for a whole lot of reasons, it could also be because of FUD, but eventually, the market corrects itself.
- Are you worried and changed your investment strategy because of this event?
I wouldn't say "worried" but it's good to keep an eye out for the updates of such things.
These are events that can affect your investment so not paying attention to them is not a very wise thing to do. It doesn't necessarily mean you'll change your investment plans but it will help your investment decisions to be informed ones.
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
First off, great post and structure. Thanks for the taking the time to put this together.
1. I dont think it will go any where near spot markets, if they do sell it will be to OTC houses. I do also speculate they are weaponising the BTC transfer as some way of trying to tame the markets.
2. I think it will be a positive if they do sell in the long run, there is 15k of btc locked up in GOV coffers that would get redistributed out to the market. Thats a good thing!
3. No change
I don't quite understand what the impact is supposed to be because the op mentioned how the US government transferred 15k BTC, which coincided with Bitcoin growing and reaching the price of $60k. Then there's a story about a price drop in July after a transfer of 9,800 BTC. To me, it kind of shows that there's no strong correlation, there's no significant impact. It went down after one transfer and up after another. So there's no reason to worry. The market is growing fast, and it can continue to grow or suddenly collapse regardless of the US government's actions.
They don't have enough BTC to cause a major crash, they can only cause some short-term panic. When you're looking at price movements, you should also consider how long they last. Like, maybe the US dumping the coins that they have would drop the price by 10%, but in a week or two the price will return back to its course. Even if Microstrategy dumps, the price will eventually recover.
The only holder that you should be worried about is Satoshi, because a million of coins + the reputation loss of the creator abandoning their creation would be pretty bad and the effects would be felt for many-many years.
The only holder that you should be worried about is Satoshi, because a million of coins + the reputation loss of the creator abandoning their creation would be pretty bad and the effects would be felt for many-many years.
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