Since governments don't believe in Bitcoin, they probably didn't expect the price to go up this much, they want to sell it at any price so I expect they don't care much about the price when deciding to sell their confiscated Bitcoin, they want to get rid of it anyway and make some extra profit for the state treasury.
I don't know if they regret their decision now that they've seen the price Bitcoin has reached, maybe this is a good lesson for governments to know the value of Bitcoin and keep it as a strategic reserve for the future.
Topic: Germany Selling of 49,858 BTC Cost them Huge Profits - page 3. (Read 719 times)
German's Bitcoin decision however, as far as I know, was not all about profitability. German law requires seized assets in criminal cases to be sold to prevent heavy losses from market fluctuation, like what happened with Movie2K. At the time of their sale, Bitcoin was already up from $43k to $53k, raking in $2.86 billion, a good return on paper given the risk of holding a highly volatile asset.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
It serves them right! They don't deserve those massive gains with the massive genocide that fostered from their country under Hitler I don't care how long its been. That shit was evil and I am fully convinced that had to do with Karma. Anyways, who cares if Germany lost out on huge gains on bitcoin anyways? Its funny because after all this that has happened they're probably right back in line to buy more lmao.
Just because Hitler started World War II doesn't mean all Germans were bad people and that's in the past, things have changed a lot. It would be a bit extreme to recall what Hitler did and criticize the current government, because the two have nothing to do with each other.
Also, it is naive to think that they need to invest and hold bitcoin to make a profit and that it will bring huge benefits to their country. They are one of the 4 countries with the largest economy in the world, Germany's annual GDP is up to 4 trillion dollars, do they need to hold bitcoin just to earn a few billion dollars? This is a large amount of money for an organization or individual, but for the German government it means nothing.
The government's mission is to focus on developing the country, boosting the economy and bringing prosperity to the people, not focusing on high-risk investments like bitcoin. Bitcoin has real potential but it is not so attractive that countries need to depend on it, we should be realistic.
German's Bitcoin decision however, as far as I know, was not all about profitability. German law requires seized assets in criminal cases to be sold to prevent heavy losses from market fluctuation, like what happened with Movie2K. At the time of their sale, Bitcoin was already up from $43k to $53k, raking in $2.86 billion, a good return on paper given the risk of holding a highly volatile asset.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
It serves them right! They don't deserve those massive gains with the massive genocide that fostered from their country under Hitler I don't care how long its been. That shit was evil and I am fully convinced that had to do with Karma. Anyways, who cares if Germany lost out on huge gains on bitcoin anyways? Its funny because after all this that has happened they're probably right back in line to buy more lmao.
This information implies to those who feel the need to sell even when they’ve not gotten much, selling at this price now sounds good IMO probably who knows what the price has in the future regardless everyone should go for what’s perfect base on their opinion. Their lose no doubt or they failed to exercise patient, that’s why bitcoin investment is not for quick gains and those who chase after quick gains regret at the end. They had their reasons and with the current ATH bitcoin might surpass $93k it’s a matter of time secondly if they start investing now they’ll have to wait for another circle including newbies.
I will not blend them because at the point they sold their Bitcoin bitcoin was a bit high so I believe that that is the reason why they sold their Bitcoin, they never had a mind that Bitcoin will increase to the extent that bitcoin will get ninety-two to ninety-three thousands [92k/93k] so even those people that is opportune to hold their bitcoin till date those people have experienced this before and they have knowledge of Bitcoin increment and they also decrement so some people is just been lucky to meet this opportunity because I know quite well that is very hard to hold bitcoin for long time or any coins for period of three to four year... I believe that at the time they sold their Bitcoin they also made the a huge profit that makes them or motivate them to sell their bitcoin at that time.
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It is not their loss but their profit, they did not lose selling at that price because they did not use their money to buy the Bitcoin. It was like an airdrop to them although they seized the Bitcoin
Exactly! After subtracting the cost of prosecuting the criminals, everything after that is pure 'profit'.Regarding a gov entity holding/selling like a trader with focus on maximizing 'profits': They do not work like that. They have legal procedures in place that dictate when seized resources are sold. Timing seizure sales with the aim of increasing value does not enter into it.
Well, it is true that they could have earn more money if they have waited longer but we can't predict that it will reach 90k since during that time the price doesn't move much when it was around 50k. Anyway, if they have bought it at 50k and sold it higher than the price they bought then they will earn a little profit but since it is not bought by them so no matter what price they are going to sell the btc is that it's still a profit for them since it is a seized btc and not bought by them.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss 
But they could have made more profit don't get what's the hurry to sell them.
But they could have made more profit don't get what's the hurry to sell them. It is not their loss but their profit, they did not lose selling at that price because they did not use their money to buy the Bitcoin. It was like an airdrop to them although they seized the Bitcoin. When someone received an Airdrop and decide to sell, if they sold before the Airdrop got higher, will you say they lost, no. We can only say they did not get the most profit because they sold early. The German government are not interested in Bitcoin. They have other things that they do for profit and Bitcoin is just small for them. We are just the ones happy about the profit from Bitcoin because we do not have the type of money that the government have. The German government can print money anytime they want therefore they are not interested in the profit we think, they would have gotten.
German's Bitcoin decision however, as far as I know, was not all about profitability. German law requires seized assets in criminal cases to be sold to prevent heavy losses from market fluctuation, like what happened with Movie2K. At the time of their sale, Bitcoin was already up from $43k to $53k, raking in $2.86 billion, a good return on paper given the risk of holding a highly volatile asset.
What you said is true and I also read about this news at that time. After the German government sold all bitcoins and caused panic in the market, they also spoke up about the reason for selling bitcoins and that they were only complying with the laws and constitution of the German government. They have no intention of panicking the market nor do they intend to speculate to profit from the confiscated bitcoins because German law does not allow that.
Also, let's say they are a bitcoin investor and there is nothing wrong with them selling their bitcoins at that price as long as that is their goal and they are happy with that profit. Every investor has their own goals , just because they sell early and make little profit doesn't mean we are better than them .
~snip~
Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
It is not true that they sold everything at once, because they even bought back, so to speak, they played a little before they sold everything. That work was done for them by a company, @Stompix posted a link on the ATT forum
Code:
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In a surprising reversal, the German government, known for the recent large-scale Bitcoin sell-offs, has just bought back a significant amount of the BTC. Data from Arkham Intelligence reveals a purchase of 1,915 BTC, worth $111.5 million, from major exchanges Kraken, Bitstamp, and Coinbase.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. Maybe we should even appreciate them for releasing more Bitcoin into the market for others who were ready to buy and hold. It is very true that pick pointing the exact time to exit the market can be very difficult, but selling a large amount for whatever reason, thinking that the market will crumble or something, puts them on the losing side. Oh, they made some profits, but that was for a while untill Bitcoin almost doubled up from the initial amount they used in selling.
I just wonder what is currently going through the minds of those that supported the motion that the government should sell those amount. This should probably go down in History, as the German government won't forget this in a hurry. Such a big loss in a space of 3-4 months.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. Well current movement prove something that if they could just wait for certain good times to happen then provably that they can earn even a lot more. For seeing that thing it just show that the person who handle those matter is just a novice.
They don't know how they deal with bitcoin that's why at this moment they totally lose a potential huge profit which is somehow helpful on their country.
But guess again they would said that profit is profit for them. So maybe better luck next time if they want to enter the scene. Bitcoin is heading up again and it seems we could able to see the 6 digits figures which people right now look forward to happen.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
In short, Germany could have made x2 profit if it had held its bitcoins for another 2-3 months, right? And if it had held for 6 months, it would have made x3 profit (if bitcoin had reached $150K by that time). And if 6 years, then x10? 60 years - x100? In general, it is known for certain that Germany was hasty with its actions and in the long run, these 49,858 BTC would have brought much more profit than selling them in August. The simplest confirmation is the current price.Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Because they "don't believe" in this crypto asset. That's the whole point. But they could have made more profit don't get what's the hurry to sell them. Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
No need to be upset about their lost profits, Germany still made a good profit without spending anything (bitcoin were not bought with the state budget, but were seized and confiscated. So, these are free bitcoins).
German's Bitcoin decision however, as far as I know, was not all about profitability. German law requires seized assets in criminal cases to be sold to prevent heavy losses from market fluctuation, like what happened with Movie2K. At the time of their sale, Bitcoin was already up from $43k to $53k, raking in $2.86 billion, a good return on paper given the risk of holding a highly volatile asset.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
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They probably didn’t see this moment coming <...>
Of course not, as no politician with power in the EU, as they are more concerned with implementing CBDCs. The only thing they think about cryptocurrencies is how to control and tax them. Now if, as it looks like it is going to happen, the USA implements a strategic reserve, they will have to think about copying them, as is often the case. The whole issue of innovation in terms of cryptocurrency and AI companies is going to be done in the USA, as happened with the big internet companies (Apple, Microsoft, Amazon, Google, Tesla, Facebook and Nvidia).
Its still pocket change to them, and look at the United States they are printing 10 Billion dollars per day.
It wasn't their Bitcoins to begin with, as they just seized it. It's not like they bought it at some point using the Government money and then sold off later for profits. Your post would make sense if the latter was the case.
How do you say lettuce hands in German?
When they were selling at $53K I was buying heavily at that very same time so thanks Germany for the cheap sats!
When they were selling at $53K I was buying heavily at that very same time so thanks Germany for the cheap sats!
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
What's done is done and they have probably something for it already planned on how they're going to spend that funding their own projects.Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Although they're on profit and just like us, we have regret if we calculate how much profit should be in us if we do sell at the right time. It's true that they have missed additional profits if they have waited any longer. But they could have made more profit don't get what's the hurry to sell them. But that's them, it's not a mistake on their end when they have made billions of dollars already with that sale they've made.
-snip-
Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. They would have been able to make a profit if they had sold at any price, because they had never invested in the Bitcoin in the first place, it was confiscated and sooner or later they would have sold it anyway, so there was no loss in this - and also no one knew that in a few months the price of Bitcoin would be like it is now, so it was not their fault and I am sure they would not regret it either.
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