Maybe yes. but I think it's probably only a small scale. take a good look at Germany, they are included in the top 5 countries with the largest gold supplies in the world to date. If they want, just release a few percent to the problem caver and why should BTC be released in the near future by them.
If you ask why the German government had to release this amount of Bitcoin, of course there are many answers to that because I also read news about the sale of Bitcoin being the result of a confiscation carried out by the German government itself. Apart from that, there is also other news which says that the German government is also ready to buy back Bitcoin under $60K for them to hold, although it is not stated how long they will hold it. You can read in two different articles that I will share here with you
Topic: German Government completely sells off all its bitcoins. - page 2. (Read 452 times)
the German government is selling the Bitcoins because they need money to fix their mistakes ....
At the moment we have the stupidest criminally corrupt government since World War II in Germany
At the moment we have the stupidest criminally corrupt government since World War II in Germany
Maybe yes. but I think it's probably only a small scale. take a good look at Germany, they are included in the top 5 countries with the largest gold supplies in the world to date. If they want, just release a few percent to the problem caver and why should BTC be released in the near future by them.
I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?
There's no point to send the coins to centralized exchange when they have no intention to sell, if they think centralized exchange is a safe place, they would have moved the coins to CEX before.So that's it? No crazy price dump? No mass exodus of Bitcoin from others? No gnashing of teeth and tearing out of hair? The rumourmongers were pointing scary faces at this + Mt Gox. Where massive crash?
And no, the current flailing can't have much to do with Germany -- Bitcoin's copycatting the stockmarkets is all, normal behaviour.
The actual effect from German Government to sell their coins is really small, but the effect from the medias and other people who pointing out German Government are selling their coins is really huge, because there are so many people invest in Bitcoin by relying on so called best financial advisor, best Bitcoin investor etc. And no, the current flailing can't have much to do with Germany -- Bitcoin's copycatting the stockmarkets is all, normal behaviour.
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?
Yes I believe your comment because there is still no real news if the German government is selling bitcoins. But they sent all from it to the exchange wallet but the sale reflection is still not available. But the news of them sending bitcoins in a few steps spread on social media. But now bitcoin is being dumped at present, and there may be other reasons behind this dumping.
But naturally I think the German government is to blame for the present moment.
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.
Actually I don't care about the news of Germany selling all its bitcoins, the German government has the right to do that, which is clear don't panic bitcoin will still return to a high price.
As after the German government sent all bitcoin to the exchange I did not see any selling pressure, maybe from this decline it has been affected in the last few weeks, some say the sale of German bitcoin to OTC so it will not affect the price.
Hold tight! Although there will be FUD news later, don't panic too much, that's all.
Hmm, yep mate !As after the German government sent all bitcoin to the exchange I did not see any selling pressure, maybe from this decline it has been affected in the last few weeks, some say the sale of German bitcoin to OTC so it will not affect the price.
Hold tight! Although there will be FUD news later, don't panic too much, that's all.
Your points are absolutely right that's why we don't have to panic. We just need HODL !
And in fact, if we do a deep dig, your point fits perfectly that the price will surge. These people, that is, the German Government, have no certainty that they will definitely sell their Bitcoin. I think it could be a short trap for those people that the German Government transferred their Bitcoin Exchanges to make people believe. That is, people will think that the market will dump now, when instead of selling, they will try to buy Bitcoin with weak hands.
Therefore, I think that your words need to be adopted, that is, it should not be pani. just HODL! It would be better to do it because it can also be a trap.
I am seeing $60,000 very soon. $3 billion worth of Bitcoin dumped to the market within a considerably short period of time and it didn't really shake the market. There was of course an expected dip but I don't think that was solely caused by the Germans. I'm sure the news of Mt. Gox refund has also contributed a lot. And then there must also be weak hands and newbies who have been carried away by the red charts and sold out of fear, anticipating a much worse correction.
The rebound is already starting.
The rebound is already starting.
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?
Two things are involved: either it was completely sold or it was moved to another wallet. Whatever be the case, it generated negative market sentiment and the market responded accordingly. If the coins were deliberately moved to another wallet, the purpose will not be far from market manipulation like many people suggested when this whole thing started. They did not dump outright, instead, they were selling and also buying. Nevertheless, with empty wallet at this point, there are high chances they sold off. the German government is selling the Bitcoins because they need money to fix their mistakes ....
At the moment we have the stupidest criminally corrupt government since World War II in Germany
At the moment we have the stupidest criminally corrupt government since World War II in Germany
They sold it because they had to. All that BTC was seized from criminals.
So that's it? No crazy price dump? No mass exodus of Bitcoin from others? No gnashing of teeth and tearing out of hair? The rumourmongers were pointing scary faces at this + Mt Gox. Where massive crash?
And no, the current flailing can't have much to do with Germany -- Bitcoin's copycatting the stockmarkets is all, normal behaviour.
And no, the current flailing can't have much to do with Germany -- Bitcoin's copycatting the stockmarkets is all, normal behaviour.
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.
yup that is true but the move alone made everyone think that they indeed have the intention of selling and Germany having that much bitcoin to sell scared people off and started taking out their bitcoins in fear that it will go down once Germany finally sells all their bitcoin
selling that much btc all at once might have some significant effect to the market but I doubt they will sell it all off
That is possible, but to be honest, I doubt that the sale of $3 billion worth of bitcoin is going to have any significant effect on the market. Yes, as the OP noted, Bitcoin suffered a loss of over 12% within a short time frame, but that doesn't necessarily mean it was caused by the sale itself; the FUD from the incident likely caused more. On top of that, this minor market crash didn't last long enough to become a worrisome issue; it's currently at $58,500 as we speak and rising. I'm not sure if we can confirm whether or not the German government has been selling their coins, but despite what's the case, I doubt it's something to worry about. selling that much btc all at once might have some significant effect to the market but I doubt they will sell it all off
If its the case that the German government have indeed sold off their Bitcoin I
celebrate it with gusto. I mean its a distraction and sends some people crazy with
panic, the same with MtGox coins. The sooner the better all is resolved IMO.
Unfortunately - there will be many more government seized coins sold off in the
future which will have effects on the markets.
Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.
celebrate it with gusto. I mean its a distraction and sends some people crazy with
panic, the same with MtGox coins. The sooner the better all is resolved IMO.
Unfortunately - there will be many more government seized coins sold off in the
future which will have effects on the markets.
Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.
There are actually many organizations that hold large amounts of bitcoin and they can also sell bitcoin to the market at any time, you don't need to wait for the government to confiscate and sell. And those who feel scared every time a large amount of bitcoin is sold on the market will always have to live in fear because it is part of this market, Fud will always appear whether we are in a bear market or a bull market.
Most of us say we are long-term investors but what I see is that people are concerned about the German government or Mt.gox selling bitcoin and worse, they are panicking about it. Meanwhile, if we are truly long-term investors, we need to take advantage of this opportunity to buy rather than panic.
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?
yup that is true but the move alone made everyone think that they indeed have the intention of selling and Germany having that much bitcoin to sell scared people off and started taking out their bitcoins in fear that it will go down once Germany finally sells all their bitcoin selling that much btc all at once might have some significant effect to the market but I doubt they will sell it all off
the German government is selling the Bitcoins because they need money to fix their mistakes ....
At the moment we have the stupidest criminally corrupt government since World War II in Germany
At the moment we have the stupidest criminally corrupt government since World War II in Germany
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. 
If its the case that the German government have indeed sold off their Bitcoin I
celebrate it with gusto. I mean its a distraction and sends some people crazy with
panic, the same with MtGox coins. The sooner the better all is resolved IMO.
Unfortunately - there will be many more government seized coins sold off in the
future which will have effects on the markets.
Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.
celebrate it with gusto. I mean its a distraction and sends some people crazy with
panic, the same with MtGox coins. The sooner the better all is resolved IMO.
Unfortunately - there will be many more government seized coins sold off in the
future which will have effects on the markets.
Fortunately - this will play into the hands of us who practice DCA and Buy-the-dip.
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.
Germany should do whatever they like to the coins but bitcoin is here to stay and increase in price again.
Bitcoin has once shown again that it can withstand any financial pressure from either government or any organization. There were predictions that the price would go below $50k but this didn't happen. We expect to see the market returning to its bullish outlook regardless of the Mt.Gox repayment scheduled to commence.
My question is that did the German Government officially announce that they were going to sell off the coins on the specified dates, or people just started panicking and speculating as soon as they saw some coins moving off the wallet where they were being held?
That earlier downtrend could have just been caused by panic sellers who expected the worst.
That earlier downtrend could have just been caused by panic sellers who expected the worst.
Monitoring the wallets of some of these Bitcoin whales is one of the causes of FUD. Maybe it might be helpful to traders but long-term hodlers shouldn't be bothered about the movement of funds by these organizations. I am not moved by these speculations because I have confidence that the market will still readjust after some time.
The coins were from the movie exchange site Movie2k.to. The most interesting thing is that the owner of the coins probably made a deal to get free. The price for freedom through Bitcoin.
Germany is divided into 16 regions and only 1 of these 16 regions has had the coins in its possession, the federal state of Sachsen. There is one woman in politics who has tried to prevent this, or has recommended that bitcoin should not be sold, that is Joana Cotar.
Here she makes it public how stupid this decision was:
Germany is divided into 16 regions and only 1 of these 16 regions has had the coins in its possession, the federal state of Sachsen. There is one woman in politics who has tried to prevent this, or has recommended that bitcoin should not be sold, that is Joana Cotar.
Here she makes it public how stupid this decision was:
Quote
Herzlichen Glückwunsch, so dämlich muss man erstmal sein.
https://x.com/JoanaCotar/status/1811840674905387170 
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
One of the reasons why bitcoin cannot just be manipulated like other Altcoins is the market capitalization. When compared to other altcoins is the largest. And because the Germany couldn't control a significant portion of its trading volume, it couldn't be manipulated. Therefore I agree with you that it was more of FUD and Mt. Gox effect. And the FUD in my estimation, are from people who thought that the market was going to be manipulated because of the sales of bitcoin from the German government sales. Jump to: