Topic: German Government completely sells off all its bitcoins. (Read 461 times)
Why do people think selling Bitcoin is a good idea? I'm sure the German government has already regretted their decision. Bitcoin is only going up!
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Indeed, the data ARKM provided only tells us that they have transferred all bitcoin to exchanges. We have no evidence that the German government actually sold those bitcoins or that they just stored them on centralized exchanges. Even about Mt.gox, no one knows what's going on, have they distributed bitcoins or is everything still just a plan on paper?
These news negatively impacted the market but the market quickly absorbed the news and recovered. So it can be said that someone tried to manipulate the market but they did not succeed.
Bitcoin has dropped to 52k$ in this correction and compared to the highest ATH it has dropped more than 20%, if you haven't bought it yet, at what price will you buy bitcoin? I think $52k isn't a bad price to buy, but things have passed and if you don't buy, you're missing out.
Bitcoin has its own strength even though sometimes some people try to manipulate the market. I don't get any information about whether the German government sold all the bitcoins or just kept them on centralized exchanges because for me it doesn't really matter. Negative news will always be there on the bitcoin journey so that we especially become more mature in receiving information. But from the many negative news that emerged bitcoin still gave a recovery effect and for that reason also made me not feel any panic. Since I only hold and don't trading to the whole bitcoin in the short term so any sentiment doesn't affect the mentality.These news negatively impacted the market but the market quickly absorbed the news and recovered. So it can be said that someone tried to manipulate the market but they did not succeed.
Bitcoin has dropped to 52k$ in this correction and compared to the highest ATH it has dropped more than 20%, if you haven't bought it yet, at what price will you buy bitcoin? I think $52k isn't a bad price to buy, but things have passed and if you don't buy, you're missing out.
That's why we need to see the potential for accumulation using DCA so that at any price it does not affect. Now the recovery is happening again and bitcoin has gained momentum again. If you want to play in the short-term area to make a profit, maybe the current price can be adjusted, buying when there is a decrease and selling again at the increase price. That will be interesting for those who take opportunities in the short term and will be quite profitable even though the amount is small according to capital.
I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?
This quiet make sense to be honest Arkham only give the data that the money is send to an exchange but they didn't say this going to be sell off.
And I agree with you there is possibility that the money not being sold and still sit and maybe they could waiting for the right time to sell because if i watch the price right now is starting to recover to 60K
This is an important lesson in the end so that we always stay relaxed and not get too carried away with news speculation because however regardless of other people or other parties with bitcoin ownership, we actually only have to focus on our goals and keep bitcoin as we should.
Whether it's the state or anyone selling bitcoin it depends on them because maybe that's their goal but on the other hand we also can't continue to be affected because we have our own goals when in bitcoin so don't panic too much with news like this.
If truly, the German government has released their Bitcoin for sale show that they have made a huge amount of funds from Bitcoin investment, because the government has invested in Bitcoin for income purposes which they have achieved their target in Bitcoin investment. But at the price rate they released their Bitcoin, make many people to wonder why the German government couldn't exercise patience for the price to increase to $80,000 or $100,000 before they can sell which the government only know the reason why they sold their Bitcoin in this month of July. Well, I like what the German government did to achieved income on time from Bitcoin investment, because it will allow them to carry out some projects in the country that will generate more funds for the government to have the opportunity to purchase more Bitcoin when the bearish season appear again.
As far as I know, Bitcoin owned by the German state is confiscated Bitcoin and not German state investment funds, it cannot be equated in my opinion because it is confiscated Bitcoin. Yes, we don't know what to use it for, but building some of these facilities is enough for development, but I doubt the funds are for what kind of development, or just made into the state treasury.
If truly, the German government has released their Bitcoin for sale show that they have made a huge amount of funds from Bitcoin investment, because the government has invested in Bitcoin for income purposes which they have achieved their target in Bitcoin investment. But at the price rate they released their Bitcoin, make many people to wonder why the German government couldn't exercise patience for the price to increase to $80,000 or $100,000 before they can sell which the government only know the reason why they sold their Bitcoin in this month of July. Well, I like what the German government did to achieved income on time from Bitcoin investment, because it will allow them to carry out some projects in the country that will generate more funds for the government to have the opportunity to purchase more Bitcoin when the bearish season appear again.
This would be the same government that stupidly shut down all of its nuclear power plants, the ONLY source of reliable CO2 emission free energy on the planet, leaving it at the mercy of foreign oil (Russia) to keep from freezing to death. 😂🤣😅
We’ve almost completely recovered the price before Germany started selling. Their dump no doubt hurt the market, but the end result seems to be going from $67K to $64K currently. As long as you didn’t sell in the month they were selling, you did alright. There’s a lesson in there. We’re in a bull market. Don’t sell the dips, buy them.
It did hurt us, but in just short term though, as we have steadily climbing as now into the $64k'ish. But the German government doesn't care about the price though, it's obvious that they want to sell everything and not waiting for the price to go up. And probably in this case, it's good to really do DCA, and mostly we bought at $54k and then keep on stacking and do not sell the dip. However, we still have some news along the way, it's the Mt. Gox, so most likely it could be the same with the German dumping, prices might go down again, but rinse and repeat and buy at the dip and then HODL and look for the long haul.They confiscated those bitcoins, meaning they didn't spend money to buy them, so no matter what price they sold them for, they still made a profit, so it's understandable that they don't care about the price.
People say falling prices are an opportunity to buy but what I see is that there aren't many buyers because most of them are more scared than excited to see the price of bitcoin fall. Many people even predicted the price would drop below 50k$ and a lot of people waited but in the end the price did not drop as they expected and missed the opportunity to buy bitcoin at 54k$.
Yes, Mt.gox is our next chance to accumulate bitcoin cheaply but again I think people will panic more instead of buying if bitcoin continues to correct because of Mt.gox.
We’ve almost completely recovered the price before Germany started selling. Their dump no doubt hurt the market, but the end result seems to be going from $67K to $64K currently. As long as you didn’t sell in the month they were selling, you did alright. There’s a lesson in there. We’re in a bull market. Don’t sell the dips, buy them.
It did hurt us, but in just short term though, as we have steadily climbing as now into the $64k'ish. But the German government doesn't care about the price though, it's obvious that they want to sell everything and not waiting for the price to go up. And probably in this case, it's good to really do DCA, and mostly we bought at $54k and then keep on stacking and do not sell the dip. However, we still have some news along the way, it's the Mt. Gox, so most likely it could be the same with the German dumping, prices might go down again, but rinse and repeat and buy at the dip and then HODL and look for the long haul. 
We’ve almost completely recovered the price before Germany started selling. Their dump no doubt hurt the market, but the end result seems to be going from $67K to $64K currently. As long as you didn’t sell in the month they were selling, you did alright. There’s a lesson in there. We’re in a bull market. Don’t sell the dips, buy them.
Governments come and go. They sell their Bitcoin; the market somewhat declines, whatever. Its only noise is noise. People, Bitcoin is not really going anywhere at the end of the day. Its intended longevity beyond any government, any market change, any FUD. Given this German context? Simply another dot on the radar. This reminds us that Bitcoin is meant to resist this kind of pressure. And who do you trust more: a distributed digital currency with a track record or a group of politicians with daily mental changes? So resist being scared by the headlines. Bitcoin is here to stay.
The government indeed keeps changing, and it is also a fact that when bitcoin is sold in large quantities, it affects the market and the price of bitcoin falls, but this fact is not understood by new traders, and they think that the market crashes only because people get scared and sell bitcoins and the big whales get them back.This is a good thing when you are a crypto trader you should be aware of every move and be aware of every move in the market, but those people who change their minds after every new news, those people can never become successful businessmen because we should do any work with our own will and our thinking and not worried about the circumstances. Or by making decisions under the influence of circumstances, we can gain nothing but loss.
I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?
This quiet make sense to be honest Arkham only give the data that the money is send to an exchange but they didn't say this going to be sell off.
And I agree with you there is possibility that the money not being sold and still sit and maybe they could waiting for the right time to sell because if i watch the price right now is starting to recover to 60K
Exactly. This probably means that the market will no longer be influenced by this news. Whether they have already sold or are waiting to sell at the right moment, the public will not know and there will be no FUD to affect the price.
The market seems to have already priced in this potential selling pressure. The price is recovering, which suggests that either the selling has already happened or investors are not as worried about it as they initially were.
I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?
This quiet make sense to be honest Arkham only give the data that the money is send to an exchange but they didn't say this going to be sell off.
And I agree with you there is possibility that the money not being sold and still sit and maybe they could waiting for the right time to sell because if i watch the price right now is starting to recover to 60K
The German gov address may be empty, but that money could still be waiting on exchange address to be sold. THe fact coins left the address doesn't mean sell orders were created.
It's good news if they sold it all. Usually the worst thing that can happen is when some whale threatens to dump, or simply moves money around and people panic, spread FUD and scare other people away from the market. I know you have to be strong and ignore these things and I do ignore it myself, but I wouldn't want to see people get scared and lose money because someone wants them to exit and isn't afraid to cheat and lie to achieve that goal.
It's good news if they sold it all. Usually the worst thing that can happen is when some whale threatens to dump, or simply moves money around and people panic, spread FUD and scare other people away from the market. I know you have to be strong and ignore these things and I do ignore it myself, but I wouldn't want to see people get scared and lose money because someone wants them to exit and isn't afraid to cheat and lie to achieve that goal.
Finally, the FUD about them that keeps on dumping the Bitcoins that they're holding will now have its final saga and ending.
Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.
Most likely that it went to the institutions that have been thirsty of accumulating more. But you're right, they're also one of those that practices DCA and will always want to buy during the dip. So, they have to thank Germany for that. What's next? the Mt GOX FUD and Germany sell off probably can't break Bitcoin's resistance now.That fud didn't get much bigger effect since people realize that its just a small picture to get afraid off. For sure what El Salvador announced that they keep accumulating no matter what situation happen make people realize that bitcoin still doing a good thing. So now hopefully many people realize that those news about Germany actions to dump bitcoin is just been used to spread fud then scare people. So I guess what's next thing to use is that Mt Gox fud since for sure that they will take advantage about those possible refund that might happen in future then scare a lot of people that there would be a huge dump will happen especially if lots of people will get their refunds.
People need to be prepared on next possible attempt so there's no other disturbance towards their investment plans or created strategy on bitcoin.
We all have to be prepared for whatever news that comes to the market. We're all trained already buy even with that, it's hard to react accordingly when our emotions are being played either by a FUD or a real news that comes out of nowhere. So, as someone who has been with the market for so long, we have to bear no feelings if bad news comes again to the market. Having a stoned heard won't make us emotional when ugly news comes in. hero member
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I understand that after Bitcoin has surged so high for some months, there are usually some factors that are being raised that will contribute to the price dip. Also, during a bear market, there are some factors that may arise that can cause the price to surge. There was this time last year when Bitcoin price surged above $30k, but there was also news that Tesla was selling off all its Bitcoin. The news caused the price of bitcoin to decline, while the news was not really true.
The price decline is an opportunity for investors to accumulate more coins because the price will definitely surge again.
The price decline is an opportunity for investors to accumulate more coins because the price will definitely surge again.
Governments come and go. They sell their Bitcoin; the market somewhat declines, whatever. Its only noise is noise. People, Bitcoin is not really going anywhere at the end of the day. Its intended longevity beyond any government, any market change, any FUD. Given this German context? Simply another dot on the radar. This reminds us that Bitcoin is meant to resist this kind of pressure. And who do you trust more: a distributed digital currency with a track record or a group of politicians with daily mental changes? So resist being scared by the headlines. Bitcoin is here to stay.
My take on this; is that around $3B worth of bitcoins were sold and it just dumped the price by nearly -12%. i don’t even think it’s the sell pressure that took bitcoin to this level i think it was the fud from it and the whole Mt.Gox sell.
This is to tell you that bitcoin can’t just be manipulated like other Altcoins. This is more than enough bullish news to hold on to bitcoin and don’t be chicken out by FUDs
I don't have any data to convey and maybe the bitcoin was moved and not completely sold. Who knows? But the part that stands out the most and I love that bitcoin can't be manipulated like altcoins and that makes things even more exciting doesn't it? The level has dropped in the last few days and I don't think anything of it. But to be honest I would have liked a sharper drop to be able to take a much bigger buying opportunity.This is to tell you that bitcoin can’t just be manipulated like other Altcoins. This is more than enough bullish news to hold on to bitcoin and don’t be chicken out by FUDs
It's just about selfishness and hope due to having spare money from previous sales. More precisely, hold on and don't think about anything when Bitcoin experiences a decline. The most important thing is not to get involved in panic because there is always a way for Bitcoin to recover.
Indeed, the data ARKM provided only tells us that they have transferred all bitcoin to exchanges. We have no evidence that the German government actually sold those bitcoins or that they just stored them on centralized exchanges. Even about Mt.gox, no one knows what's going on, have they distributed bitcoins or is everything still just a plan on paper?
These news negatively impacted the market but the market quickly absorbed the news and recovered. So it can be said that someone tried to manipulate the market but they did not succeed.
Bitcoin has dropped to 52k$ in this correction and compared to the highest ATH it has dropped more than 20%, if you haven't bought it yet, at what price will you buy bitcoin? I think $52k isn't a bad price to buy, but things have passed and if you don't buy, you're missing out.
Now it getting funny, German Government (BKA) receives BTC donations. The wallet now holds 289.25$. On twitter you can read how people makes jokes about it. One transaction has the message "HFSP". Meaning Have Fun Stay Poor 
. The media have publicized the sale of the 50,000 BTC and there are many who have noticed. And just as many may have noticed that there are now jokes about it. One good thing about it: the coins are now owned by hodler, not an authority.
Wallet overview: https://platform.arkhamintelligence.com/explorer/entity/germany
https://twitter.com/BTC_Archive/status/1812086942349041719
. The media have publicized the sale of the 50,000 BTC and there are many who have noticed. And just as many may have noticed that there are now jokes about it. One good thing about it: the coins are now owned by hodler, not an authority.Wallet overview: https://platform.arkhamintelligence.com/explorer/entity/germany
https://twitter.com/BTC_Archive/status/1812086942349041719
hero member
Activity: 1512
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My take on this; is that around $3B worth of bitcoins were sold and it just dumped the price by nearly -12%. i don’t even think it’s the sell pressure that took bitcoin to this level i think it was the fud from it and the whole Mt.Gox sell.
This is to tell you that bitcoin can’t just be manipulated like other Altcoins. This is more than enough bullish news to hold on to bitcoin and don’t be chicken out by FUDs
I don't have any data to convey and maybe the bitcoin was moved and not completely sold. Who knows? But the part that stands out the most and I love that bitcoin can't be manipulated like altcoins and that makes things even more exciting doesn't it? The level has dropped in the last few days and I don't think anything of it. But to be honest I would have liked a sharper drop to be able to take a much bigger buying opportunity.This is to tell you that bitcoin can’t just be manipulated like other Altcoins. This is more than enough bullish news to hold on to bitcoin and don’t be chicken out by FUDs
It's just about selfishness and hope due to having spare money from previous sales. More precisely, hold on and don't think about anything when Bitcoin experiences a decline. The most important thing is not to get involved in panic because there is always a way for Bitcoin to recover.
Be it German government has sold their coins or not, we have seen situations worse than this in the past but bitcoin remain an appreciating asset.
Germany should do whatever they like to the coins but bitcoin is here to stay and increase in price again.
We are all capable what to do with our own bitcoin, and that's what German government is doing right now. Their coins, their decision to sell off everything, and we don't have control on that. What we can only hold is our own coins. But nevertheless, bitcoin will always be bitcoin, it will dump but it will eventually pump again, so there's nothing to worry with it. Just buy and hold more in instances like this, but never resort to selling as you will certainly at a loss.Germany should do whatever they like to the coins but bitcoin is here to stay and increase in price again.
Maybe they are just securing there profit since they are already happy with currently what they get for now. But since they already tested out to acquire bitcoin as part of investment in their country then provably that they still have a chance to accumulate again in future.
But for now lets stick to the fact that even if that case happen the fud spread by some articles didn't work out and we see bitcoin rising at $60k price level. That indicates that people need to chill out on some news they are reading especially if the intention is to spread fear since what they think will not happen if lots of people will just think that what those people do is just normal scene happening in crypto.
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