Topic: Germany Selling of 49,858 BTC Cost them Huge Profits (Read 618 times)

If the high court can stop that and their goal is profit, I think they should not sell now but hold for a few more years. Because we all believe that bitcoin will hit $1 million in the coming years and maybe $10 million per bitcoin in the next 10-20 years. So they should not sell early and then regret it. Also, I think not only them but all of us should not sell bitcoin in this bull season because we will regret in the future when bitcoin price reaches $10 million.  .

Not only the German government, even investors who sold their bitcoins for $1k or $10k in the past, I don't see anything wrong with them. Because that was the goal and they achieved it, and they are enjoying their rewards. We should not and have no right to judge anyone because each person's goals are different. We should invest with a clear plan and goal instead of investing with bottomless greed because the future is unpredictable.

Hindsight is 20/20, no one could've known that the price pump is ever going to happen to bitcoin this early or fast, and probably, with all the analytics back then that's saying that bitcoin might be experiencing a winter, and that could've affected the decision of the German government to sell at such a price, I mean back when the price was still at 20k and 40k range we never could've fathomed that the price of bitcoin would get to this point, this fast even with the halving to help insure that the pump is happening, it's just human nature to be cautious I guess, they want their money out and they got it, in fact, why are we feeling so bad about them when they still got billions out of selling those bitcoins anyway?

Yeah you are right, I meant to write 500 billion. Anyway, its been fixed now, thanks.

With that being corrected, I have to say that I find yours and similar threads/discussions quite pointless, as they remind me of those "if you invested $1k in bitcoin in 2010, today you would have xyz millions of dollars", that we see every bull run.

Maybe they sold the coins because of some laws that mandated them to do that. However, they were not well advised because they made a big mistake. Even a layman knows that the price of Bitcoin would appreciate after a few months, so there was no need to sell at that time. Even if there was a law that mandates the sale, it could be stopped by a higher court. The only reasonable reason for the dump might be if the state of Saxony needed the money for an emergency. I think they would be regretting the sales now.      

The amount is too big for an individual but not too big for a state government, which rolls in billions every month. In line with why they sold out the bitcoin they have in their possession, what was not disclosed in public could be that they just want to let go of it, or the money was used to settle off some little project that needed funding, which was not included in the budget, whichever be the case.

I don't think they are ever going to regret their action; they have already recorded it as something of the past. We are just the ones here arguing about how much profit they could have made if they sold with the current price.

I think you mean to say "close to 500 Billion euro" not million, right? You are right considering the amount of their budget., this unrealized profit would worth nothing to them.

It's my first time hearing that Poland's presidential elections are near and it seems like there is no hype of such news either so no hype means no effect on the price of BTC. Actually this all effect from politics on the BTC is nothing but a concept similar to "Buy the news" and when something bad is going to happen, it will be identical to "Sell the news"

Happy for you and the same goes for Germany but I am sure members are saying here that they didn't have the mind of an investor with this holding, while I think they must have as they bought BTC after selling and then sold, although It just not fit to the mind that they don't care for profit because in this world, hehe everyone cares for profit, it's just they had rules and according to them within 1 year they have to sell them.

Maybe from now on, they will create an investment plan as you are right they can't just make decisions like we can, hey let's hold them and make more profit in upcoming years. They must have gone through from a proper procedure and maybe anyone has proposed the idea of not selling.

Perhaps from a risk management perspective they were not wrong to sell at the time. But when you sell a large amount of something you should do so wisely.
But it appears the German government attempted to dump its bitcoin all at once. The problem with flooding the market with a large amount of something drives down prices
and makes it difficult to get your sell orders filled at a good price, if at all. Which is what happened.

Liquidating a large amount of an asset should be done gradually over a period of time to avoid such problems. The timing and the way Germany did it shows that they panic sold at or near the bottom, like an amateur retail investor would commonly do. Any good investment advisor would tell you that is the worst way to do it. But then they probably didn't care as the assets were seized and they didn't really "lose" any money.

I think there will be a reason why they sell their BTC with that price and at that moment, I believe some of them will sell their Bitcoin that time, the reason why I said there will be a reason why they sell their Bitcoin is that we all invest in Bitcoin to earn profit and we also know that the future of Bitcoin is going to be Bright in future, but selling Bitcoin when we are still expecting more with it we should know that there will be a reason why the person sells it.

But from looking at it again there are some people among those who sell their Bitcoin because they don't think the price will rise again, some of them will buy Bitcoin at a low price and when they see that they have made a profit they will sell it, it will be good if we understand what Bitcoin is all about because from my observation those people are not real investors, Real investors wait for the right time and achieve a big profit.

Have you heard the proverb "A bird in hand is better than two in bush.".

The amount of money here was too big at stake and we do not know that the reason for them making the move. They might be in need of money for some purpose. If Bitcoin corrected from there and entered a bear market, their money might have got stuck for long time. So at least now they have money in hands and they sold in profit.

 My investing style can be different in comparison to you and we both can coexist.

I don't think that they are after the profits though, it's government, so they will just like to dispose it as it is just a seized Bitcoin for them, nothing more, nothing less.

If the government then think of it as a investment then for sure they are not going to sell them.

So for them, what they did is correct, regardless if the price is going to $100k or beyond in this bull run.

What's the point of counting their lost profits now, they sold because their legislation required it, and they didn't invest their own money in these bitcoins, they just confiscated them, so for them it's just profit that they can now use at their own discretion. The state rarely strives for large investments, more often they focus on management processes and are engaged in budget allocation, and in order for them to be able to save their bitcoins they needed to redirect it to a special department that would deal with issues of state investment, and in the end they want to create a structure that will deal with bitcoin, because they did not have one.

Bitcoin took the heavy fall for it at the time to the point that people started digging deeper into what could have warranted the fall. Now, they may be disappointed in a way, but I do not think the syndicate will feel it much because the selling is not 100% by the government though the government sold as well but was from the eastern German state of Saxony.

Perhaps many have bought back Bitcoin with another arrangement that nobody will be able to trace to them. The selling was due to the government clamping down on the people, so they may still have their assets stashed somewhere. Even at that, the German government still have over 32,488 BTC that was not sold, so they can't lose entirely.

They are actually not investors.

A government agency, law enforcement agency, they have to obey to existing laws and conversion of confiscated bitcoins from criminals. They only can hold these bitcoins if existing law is updated and allows them to hold these coins with valid reason of that decision.

They don't know where is the top, like Bitcoin investors don't know where is Bitcoin ATH. So any plan to hold bitcoin and sell higher is always risky. Chance to increase the money from conversion as well as risk to see the conversion value drops lower.

They have no valid reasons to buy headache for themselves, as said they're not investors.

The German government shouldn't be seen as an investor here. They already converted a Bitcoin into Euro that was not theirs. According to legal regulations, there are conditions under which this conversion must be made, as long as they meet these conditions, there is no problem. I don't think they have the right to say that the value of Bitcoin will rise, let's hold these Bitcoin and then sell them from the top. If they had such an investment plan, they would've already collected Bitcoin with treasury resources. You have to distinguish between these two different situations. What would you say if the opposite happened, if the price of Bitcoin fell and the German government was criticized for not converting them into Euro in time?

Some of it is true, some is not.
They had other choices. They could have put that on auction, or sold to a private contractor OTC. There's no rule of law saying they have to dump it on one of the exchanges.

Also, things like that can be voted on and decided case by case. Imagine that a drug lord buys a castle and that castle is taken away as proceeds of crime when he's convicted. According to you the government cannot own that castle and, for instance, run art exhibitions in there, or make it available for public in any other way. It has to sell it because it was bought with drug money.
Private property can become public and the other way round.

We're like Germany, thinking of how much it would have costed us when we've sold too early.

Damn, this is making me remember the old times on how many BTCs I have sold in the past but no regrets, I've used the money properly and maybe same goes for the Germany government.

Yeah you have a point. Sometimes I really don't fancy the idea of directly associating bitcoin with politics though political decisions and matters can affect it. At first I really didn't fancy the idea that if trump should win the election, bitcoin will definitely pump however it turned out to be true.

Now based on speculation Poland has an election coming up too and chances have it that bitcoin could pump too after the election is over just like that of the US anyways like I said earlier let's see how it turns out. The pump may happen but I doubt if the effect would be as intense as that if the US shortly after the election.

I think the reason for all this miscalculated sell time is because the actual Bitcoin wasn't originally of the German government as the coins were confiscated which makes it a free profit for the government so selling at the right time wouldn't actually be their so goal rather just converting it to their fait alone would be a win for them. Although I understand the fact still this particular point here is gonna be the big question for any nation that decides to join the circle and race of Bitcoin investment.

I don't see how someone who bought bitcoin for let's say 10k and sold it for 90k is in a loss.  

Btw, Germany budget for 2024 is close to 500 billion euro, so I don't think that anyonne there missed some sleep due fact that if they waited longer, they could get few billion more. In the grand scheme of things, that amount means nothing to them.

You reckon right, them selling BTC worth more then $2 billion will definitely make BTC dump for temporarily and that's would not be a happy thing for us, I also think it's was better for the market that they sold early. And just like others pointed out I already knew that they confiscated these BTC from a film site (I knew the history) don't know why everyone commenting the same thing hehe.

Well, your point is good about the market timing maybe they might have already seen it coming as they are not that stupid they must have financial advisors to suggest them the best options. I just thought why they did not go after extra billions even if they are rich. But yeah profit is profit and they booked it good for them.

Ehh sad for them but happy for us no? I reckon them selling that much would've probably caused some waves. And I reckon they would've sold already when Bitcoin was at 60-70k ish anyway considering we were at that price point for quite a few months especially if they were already of the mindset to just sell it off.

And as others have pointed out, seems like the coins were just confiscated from somewhere. That's pretty much clean profit from them! I reckon they don't have any complaints for that. While sure, more profit is always better, profit IS still profit.

I leave this quote as a whole as it makes sense.

The law in Germany says that highly volatile assets resulting from confiscation have to be liquidated in order to prevent potential liquidation claims from going unmet because of value impairments. This applies to Bitcoin and while we here all agree that the chance for Bitcoin to go South long-term was very low, the law says that it is the government's obligation to liquidate those confiscated assets in a timely manner.

Now there still remain questions to be honest because that law doesn't make too much logical sense, but this is how a court spokesman explained to the press. It is somewhat comprehensible and I don't know whether they have now used separate funds to rebuy some of the Bitcoin. I guess so because otherwise they would practically not follow that law. I think they have made sure they now used a dedicated account belonging to the federal state of Sachsen. Still though, they have sold almost 50,000 Bitcoin, which is crazy as they did it shortly before the pump...

Ah I didnt know that they were buying back, thats interesting news.

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Also in German law, government agencies are not permitted to make profits from the proceeds of crime
and that is what those Bitcoin were, they were confiscated.

SO the German government had to sell those Bitcoin when they are available to do so, they were confiscated
in the first place so they are technically in profit anyway.

Even if they buy bitcoins for investment purposes to make a profit, there is nothing wrong with them selling bitcoins as long as they have made the profit they set out to make. It's their bitcoin and they have full control over it, we have no right to blame them.


Everyone has different goals and as long as they stick to their investment plan I don't think there is anything wrong with them regardless of what price they sell at. Like many of us, they all predict Bitcoin could hit $150k-180k in this bull cycle, but most plan to sell Bitcoin if the price hits $100k. So are they wrong and should we blame them?


Bitcoin can reach $1 million in the future and I believe you believe so too, right OP? I advise you not to sell Bitcoin during this bull run and hold until it reaches $1 million. What do you think? OP

Like I later learnt, there was actually no rush to sell, the German government's decision to sell those bitcoin at that time was based on what their law states that seized assets must be liquidated withing one year or less. So, we can't really blame them for taking that decision at that particular time, they only acted based on what their law states.

So, if actually they were going to change their minds to hold bitcoin for a longer period of time, then they would have had to first of all amend their laws to accommodate holding seized assets for a longer period of time before liquidating, since the bitcoin in question was (as we all know) seized and not purchased by the government.

That will be up to Germany because they have their own decision about when they want to sell Bitcoin. But if they can waits for some time and still hold until now, they will make bigger profit especially when they can sell at $93,000. They should know when they need to sell Bitcoin but not for all of their Bitcoin they had because they can still hold it and sell in the future. Holding Bitcoin will be good for them as they can have extra money as the profit.

We will not know what will be their plan and only can guess after we see what they do. But they are not lose at all because that Bitcoin is seized by them.

The reality is that all the bitcoin sellers must be in loss if not now then at least in next 4 years . We knew that they would be in a loss. I mean this is the 2024 - the halving year, we are not even at peak yet, we are talking about 93k as the peak when we are making these calculations and yet we are not really talking about the real return, we should be considering how this could be even more in the future as well.

Moreover, we are going to scale up with a lot more, like for example 200k isn't really out of question during this peak, but let's say that 180k is a bit more realistic, so double of what it is right now, and calculate how much that would make them profit and that is the most important part. That would have been about 7.5 billion dollars when they only made 2.5 billion, so they would have made 5 billion more money if that did that and we shouldn't really be considering that as a mistake, because they knew about the future of bitcoin and need to move on by justifying the decision of selling bitcoins.

Yep - they did it and nobody would stop them.
We are in for the most interesting period on the market itself, thus, we shouldn't mourn or trash talk the Germany for why it did so with its BTC - after all, it was seized.

Funny to say. Why would anyone of us be in confusion over an entity selling off their huge amount of Bitcoin as that of Germany when we know that FOMO is a reality to enthusiasts who are not emotionally fit to withstand a market Downtrend after just an Uptrend.

It is also unnecessary taking that Germans decision personal to ourselves because nomatter how good with are on holding our Bitcoin assets for a long time, there must become a day to sell off.
The goal is basically how we can make profits and not selling at lost.

Also, we need to understand that no holder can get to the peak of taking a maximum profit on Bitcoin in cordial to say that Bitcoin has reached it volatile elastic point.
We all must not sell at same price.
Perhaps, it is stated obvious that they have made a huge amount of profit even at their wells at $53K.

Remember we are potential to break ATHs in this season. That is to say even those would may sell at $90K are not selling at a maximum price because we are anticipating to hit not less than $120K ATH at the end of the bull-run.
So, don't get them blame over the sell at such rate. Although I can relate that if they have hole a bit long, they would had sold at higher price to make bigger profits.
But the fact remains that... They did not sold at lost because they account a huge amount of profit made.

Yep - it was done totally due to regulations.
They couldn't continue to hold these because they were confiscated.
Case closed.
 

Holding or selling these confiscated bitcoins and when do their sales are all big questions. It can relate to existing law in that nation, like after seizing bitcoin from criminals, how long will government need to finalize that case and will sale these bitcoins. I don't know about existing laws in the Germany on it, so I can not say, but it is possibly one of reasons.

Other reasons can be government didn't have belief that Bitcoin will rise more, so they went ahead and sold these coins at prices they saw as good.

Although those bitcoins are seized but they sold those coins at a relatively low price. If they had kept it for a while longer they could have made more money out of it. The point here is that they may not have trusted Bitcoin. They thought that the price of Bitcoin could fall further where they would have the potential to lose. But it is not that they do not expect more profit. I think in the future the government might change their mind about Bitcoin. If again when they buy bitcoins or in any way they own bitcoins they will try to hold them for a long time.

Everyone who sold Bitcoin even 1 month ago is now regretting. Last 30 days ago Bitcoin price was around $68,000 and in just one month the price per Bitcoin stood at $92,000. In the case of Bitcoin, it is definitely possible to get better returns if some one can hold it for a long term rather than a short term profit plan.

It is not their right and if the German government sells the Bitcoin at any price, they will not lose or regret, because the Bitcoin came from the confiscation of German and Polish citizens who were associated with a pirated movie website called ‘Movie2k‘. And I think if the Bitcoin belonged to the German government legally for investment purposes or something, I don’t think they would have sold it so quickly because the government is much smarter.

And according to the news the reason they sold it was for legal reasons and the authorities should not have waited for the price of Bitcoin to rise to sell it, they should have sold the asset as soon as possible. And besides, the funds from the sale of Bitcoin will remain withheld until the investigation is complete and cannot be considered as state revenue.

From this issue I do not see the government’s stupidity in selling Bitcoin too quickly or not understanding Bitcoin, and they did it because of the law.

They didn't see it as an opportunity to hold what was seized already - so they got rid of it.
Nothing more, nothing less.

Germany's decision to sell 49,858 BTC at $53K Which should probably around ($2.64B) instead of waiting for higher prices like our current ($90K+) kinda sparks debate. The fact is if you should calculate, the sale missed potential additional profits of about $1.84B. there are a couple of factors that affected the decision likely regulatory requirements, financial goals and market uncertainty.

The fact is even as a retail or individual HODLERs compare to governmental bodies too, Identifying optimal sell times can be quite challenging. The idea behind the motive probably could have been that if bitcoin are fallen below that price then it would be in much bigger losses that if they even bought the Bitcoin in the first place.

Yeah, that's what I agree on - it was done due to regulations, and they couldn't take a step left or right - thus, it was all made how it was made.

They seized these BTC - so they weren't losing anything, in fact.
And they wouldn't be able to do something else with them due to how they acquired them, probably. 

When they sold those Bitcoins, they clearly weren’t thinking about its potential future increase. They had to follow strict laws requiring seized assets to be liquidated promptly to avoid any depreciation in value. Currently, the country doesn’t buy Bitcoin at all. The only Bitcoins they’ve held are the ones they seized, and those were sold back when the price was still $53,000.

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.

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.

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.

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.

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.

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 .

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

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.

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.

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.

Because they "don't believe" in this crypto asset. That's the whole point.

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.

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!

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.

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 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.

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.

In as much as Laszlo might actually be regretting buying the most expensive Pizza in the world I think he should be celebrated for kick starting what was to be a monetary revolution. For the German liquidation of the bitcoin I don’t under stand why people still question this because to me it was something clear, this was a confiscated asset and they are not allowed to hold them for long if I am correct and selling off was the right thing, this is even expensive compared to assets been auctioned.


I read a lot of threads about investors having to hold for particular time whenever the Market is pumping like right now but people just fail to understand that the hardest part of investing is holding and to me I am never against selling at ones will except you’re selling at a loss. A profit taking is better than unrealized profits no matter the price difference. It is not a must to have diamond hand when you can actually save yourself some financial troubles

People are still spinning the same story that Germany sold some Bitcoins, when in fact it was about the fact that these BTCs legally belonged to one of their provinces (Saxony) considering that they were confiscated in their territory. As far as I know, there wasn't much of a choice about whether to keep them or sell them, because by law they had to do so.

It may seem to you that $1 or $2 billion is a lot, but Germany's budget for 2024 is approximately EUR 445 billion - it's not like waiting would help them much financially.

Still better than someone that sold 10k Bitcoin for a slice of pizza. I think they made their own choice and you know, there could be 1000 more reason why they sold. It's a government wallet and not an individual that will say they can make their own decision, it possible there was too much pressure and who ever is responsible for the private key can't say know if the political chamber directed them to sell. They didn't bought those Bitcoin, it was seized, so they know nothing about the pain of buying and holding.

Had it been the wallet is an individual wallet, such person cannot be so ignorance of holding, they have sold and it's now a good bye. As a government, they can genere 10x of that amount in days I think, let's focus on our own and hopefully we don't dump back to where we think they sold off or even lower because there are good days and there is also bad days in Bitcoin, dint forget that.

Germany as a country is among the top 10 richest countries with large economies. They should be on the level of 3rd-4th place as of the 2023 record. Do you think this amount is what they really care about? 
 
On the other hand, those seized bitcoins that were sold out were not federal seized funds; it was a small state inside Germany, "Saxony," that sold out their holdings, which were captured through the seizure process. They don't really care about the profit, like I stated here in my local board. 

These things are decisions that are taken over time. There's a lot of deliberations. I read somewhere that some victims of the Silk Road hack will receive remunerated. I also read that the family will be able to keep proceeds that were gotten legally. My point is, it's not always black and white. From the outside, we can't know why the German government sold when they sold, but like I said it's a decision that has been properly deliberated and the dates have been predetermined. The same with the US. We can't know why they haven't sold off the bitcoin they got from seizures but I doubt profit is what they primarily look for.

Like you said earlier, that you are no one to judge their decision,  that is actually right. Even as we want to HODL bitcoin for long doesn't mean we will HODl for dear life. Each of us has our target, our selling point may not be profitable as we thought but do you also know that bitcoin ATH now is not the highest ATH that will ever exist? Definitely there will be ATH upon ATH continuously 100years from now. If we keep thinking about that, we would not be able to sell our HODLings because new ATH is endless. What if bitcoin hit $200k  now, you will also regret selling at $93k and when bitcoin hit $500k, people who sold @$200k will also regret. So sometimes there is no need to regret if the owner of bitcoin decided to sell in his final stage. It could be that Germany bought there bitcoin when it was way cheaper than now, so it's up to them since it's a collective idea and a public bitcoin reserve, opinion would have arise to selling it compeard to a single entity.

That's a good point, they seized them, so at whatever price they sold them, it's a total profit, and they can use that money for any development. So considering your bolded line, do you think the USA wants to make a profit as they are not selling the seized BTC yet, although they have plans to sell BTC seized from Silk Road?

I know it's not their loss, but extra profit won't do them any harm yeah. Just thinking what emergency forced them to sell all at such price.

And then in the next year you will say they're made mistake to not hold until the next year, because they would have been earn $x if they sold at $x.

AFAIK there was no news where Germany bought Bitcoin, all the articles only said they're own Bitcoin, which mean high likely they own it by seizing criminal funds. Germany should be happy because they made 2,642 Billion Euros profit without any risk and cost to bought it.

Remember that German government is not Bitcoin investor. They simply do their job which does not require them to time the market and find the ATH in this market cycle to sell bitcoins. I don't think German government are regretful about their sale months ago, they did it and completed their job with these bitcoin.

If you are an investor or trader, you will try to find ATH, take profit with your bitcoin but government has many other things to do, and their government works by money from their citizens as tax payers. They don't work with money from seized bitcoin at any price of bitcoin on the market.

How German government got these bitcoins defines how they treat these bitcoins. If they invest their national treasury in Bitcoin, like El Salvador or Bhutan, their action would be very different.

If I am not wrong, I believe German government had confisticated those Bitcoins. So it was not an investment for the government. So I believe the y cannot hold it for longer period just to make profit out of this. That's why they had to sell of their holdings to recover the money. There was no speculation at all.

That's how usually happens in such scenarios. The enforcement authorities are bound to sell of the criminal proceeds in a time bound manner as directed by the court. I think that is what happened here!

They did not buy any of those bitcoins. All those bitcoins were seized and they got them for free so whatever price they sold them for would be profit. They're not in the business of making a profit out of the sales. If they wanted a profit they would not have sold everything off at once.
It's not their loss, it's actually their profit. They got the BTC for free and made millions of dollars out of it.
Selling when they did must have been something that have been discussed way earlier and that was only a predetermined date irrespective of the price of bitcoin.

They probably didn’t see this moment coming, or maybe they were already content with that price. What if no bull run had happened? They still wouldn’t have been able to sell, and that could’ve been money in the bank for them. Plus, they don’t really care much about that as they don’t have an investor’s mindset when it comes to those bitcoins since they were just seized back in January 2024.

German police claim largest Bitcoin seizure ever — more than $2 billion recovered in ongoing video piracy investigation

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.