Topic: German Government completely sells off all its bitcoins. (Read 452 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
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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.
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
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. 
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.
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.
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.
They will never announce the exact date, which is for sure there is a lot of speculation circulating so that the state of the crypto market is not conducive and many people are too panicked. That earlier downtrend could have just been caused by panic sellers who expected the worst.
And now that Germany is detected not having Bitcoin in its wallet anymore, of course this will be an indication that they may buy it back or just abandon it.
Because it is likely that some bitcoins are also hidden in some CEXs.
Is it time for Bitcoin price reversal direction after massive declines in recent days?
TF 1D shows this could be a good reversal direction when Bitcoin Price could break $60k to enter the Flip point of the trend.
According to onchain data, the German government's wallet no longer has bitcoins but that does not mean they have sold all their bitcoins. I mean they moved all their bitcoins to exchanges but we have no evidence that they sold them or still store them on those exchanges. Don't forget that a few days ago they transferred bitcoins and then withdrew them to their wallets, which shows we don't know if they actually sold bitcoins or not. We don't know what they did with those bitcoins, and the market reacted to the on-chain data they wanted to show us. So, saying that they cannot manipulate the market is not entirely correct.
According to https://bitcointreasuries.net/entities/137 for German government's Bitcoin balance, the latest update is on 11 July 2024, and the balance is not empty. It's 4,295 BTC as of writing. You have to double check this information to confirm accuracy of the given number from Bitcointreasuries.net. I did not double check it and simply took that number from their website.With high Bitcoin trading volume nowadays in average 400,000 bitcoin a day. Selling pressure from German government can be absorbed by market participants. A bigger challenge is their panic that can not be calmed down easily and can be abused for market manipulations from market makers.
https://coinmarketcap.com/
What they did made the market quite affected, and influenced enough investors to sell their Bitcoin. However, since that news Bitcoin has recovered quite high and now it is at 57K USD, it proves how Bitcoin as a pioneer in this market is quite capable of withstanding negative sentiment like that - and that makes Bitcoin not a very volatile asset as it is said by many people. Right now we just have to wait for Bitcoin to go on a bull run, and I have a feeling that it won't be long now.
According to onchain data, the German government's wallet no longer has bitcoins but that does not mean they have sold all their bitcoins. I mean they moved all their bitcoins to exchanges but we have no evidence that they sold them or still store them on those exchanges. Don't forget that a few days ago they transferred bitcoins and then withdrew them to their wallets, which shows we don't know if they actually sold bitcoins or not. We don't know what they did with those bitcoins, and the market reacted to the on-chain data they wanted to show us. So, saying that they cannot manipulate the market is not entirely correct.
I think they have already sold a considerable amount already at least, and the sudden dumps we saw in the previous days was due to their sales.
But since they are a government, don't they have to announce and account the sale through official means of communication to their citizens? It's part of the transparency of a country to display monthly accounts through an official website, so everyone can have access to what is going on with the public finances and how the government is managing public funds.
If that information is free, this mistery can be solved instantly.
But since they are a government, don't they have to announce and account the sale through official means of communication to their citizens? It's part of the transparency of a country to display monthly accounts through an official website, so everyone can have access to what is going on with the public finances and how the government is managing public funds.
If that information is free, this mistery can be solved instantly.
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.
Well said.
But here's one thing to consider and that is, for all those worst cases there were many Black Swan events, and on top of that they pushed a bull market to end and started a long bear phase. Here things are not the same, I would call it a panic phase where maximum weak hands are liquidated. #keephodling
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.
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?
You are absolutely correct, just like last time when they made the deposit to the exchange and everyone believed that they were busy dumping all that was deposited to the exchange, but they surprised the public by pulling back 1915 btc, which created a mixed reaction on X different meanings were read to that move. 
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?
You’re definitely right, before the news was brought out there was other news earlier that they had moved this some coins to kraken, 139Po (this was rumored to be for OTC services/institutional deposit) and another address bc1qu, this was a total of 2,300 bitcoin and then the rest 3k bitcoin were later moved out to other exchanges. Why the news was about them totally selling off was because they usually bring back the remaining coins they don’t sell off the exchanges before the close of the day but this time around they didn’t. So it means they sold off. But the once set to those two special address might be for hold.
Regardless of whether the German government actually made the decision to sell Bitcoin or whether this is true, I still have several questions to answer for myself regarding this.
If their decisions are correct, they are in full control of their actions and they are also the ones who accept the good or bad of their decisions.
I don't comment too much on what they do. If this is what makes prices continue to decline, then this situation will be resolved and the market will be good again.
If their decisions are correct, they are in full control of their actions and they are also the ones who accept the good or bad of their decisions.
I don't comment too much on what they do. If this is what makes prices continue to decline, then this situation will be resolved and the market will be good again.
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.
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. 
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?
You are absolutely correct, just like last time when they made the deposit to the exchange and everyone believed that they were busy dumping all that was deposited to the exchange, but they surprised the public by pulling back 1915 btc, which created a mixed reaction on X different meanings were read to that move. So it could also be possible they just move it all back to exchange and are waiting for the right time to sell, trying to remove the attention of the public from that wallet. Unless solid data is given from those exchanges they sent their BTC to that all have been sold, I will still consider every other news story as speculation.
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?
It is no longer news that the German government have been lately In the news of recent bitcoin and the general cryptocurrency price dump due to their sells. According to ARKHAM the wallet belonging to them has just been emptied which means they have sold everything. They had a total of 49,860 bitcoin as at 17 June which totals to around $3B. With their daily sells they have officially sold off everything.
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
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
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