Germany to Reinvest in Bitcoin After $3.1 Billion Loss in Previous Sale - page 2.

Iranus

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I was skeptical about this news and tried searching for any similar news but there was no credible source talking about Germany reinvesting in bitcoin, other than the news about former German Finance Minister Christian Lindner proposing bitcoin reserves for the European Central Bank.
https://www.benzinga.com/markets/eurozone/24/12/42724073/european-central-bank-should-consider-bitcoin-reserve-former-german-finance-minister-says

Also, I accidentally found the OP's similar post on Reddit but it was deleted after receiving a lot of criticism for being fake news and bullshit. If people try to visit the website, we can see that they are spreading a lot of false and untrue information.

https://www.reddit.com/r/CryptoCurrency/comments/1i20o1i/germany_to_reinvest_in_bitcoin_after_31_billion/?rdt=37182

NewRanger

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If they reinvest in Bitcoin after previously losing $3.1 billion, it is the right step and very good so that the price of BTC also moves with an interesting rhythm and interestingly many other countries are now starting to see Bitcoin as a strategic asset that is a win-win solution. I think they won at that time, but in terms of calculation, they did lose a lot of profit. It is indeed never too late if they want to get back in and also want to consider making Bitcoin a national reserve in the future if possible.

tread93

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Quote from: Sanitough on January 15, 2025, 07:45:28 PM

The writer seems to be exaggerating since there’s no real loss in the first place as they didn’t buy anything. Just like in the US, their holdings came from confiscations tied to illegal activities. Sure, we can call it their reserve, but technically, there was never a loss because they didn’t have any capital invested.

My guess is they’re just trying to set the books straight. The accounting for those confiscations likely can’t be considered as cleanly acquired assets, so selling them was probably the right move. If they decide to invest now, it wouldn’t be called reinvestment since they never actually invested in the first place.

Wow this is enligtening, I guess I bought into all the buzz because I thought for sure it was bitcoin that was state owned. Germany is back in the normal category now instead of the loser category for BTC, they will just about be on track with every other country that will move towards adoption. Once the 20th comes to pass I believe we will start to see a crazy influx in spend to BTC from other countries, I also think we will see XRP pump more as well tbh. Surely Germany will start buyign and many other countries, its gonna be a big year for that...

ancafe

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Quote from: Josefjix on January 17, 2025, 10:36:43 AM

Yeah, government starting to see something unique in cryptocurrency as a whole especially in the coins that really shows the symbol and strengths of decentralization in them. In the meantime, it's going to be the number priority of every country to consider it not only as a reserve but a major backbone of a country economy more than any other assets so far. The positive impact this going to create is even more massive to the point the banks as well as other sector will consider to implement and integrate blockchain technology into their system for easy visibility and transparency of every transactions as that's the main aim of cryptocurrency.

In some capacity this is still a backup consideration rather than the first flow in the backbone because it is different from El Salvador which is completely dependent on bitcoin. However, this step must be more coordinated because what bitcoin produces actually provides certainty regarding value. Something that was considered contradictory at first must be sacrificed and that was successfully done by El Salvador so that they gained better power from the process of accepting bitcoin in their country.

Quote from: batang_bitcoin on January 17, 2025, 10:55:17 AM

It is a very welcoming development but they lack in coordination when they have this plan. But what's done is done and they have to move on and follow the contingency plans that they have created like this one.

Initially it was not easy because there may be many things to consider but when they seriously implement it then I am sure everything will be much easier when everything has been running slowly. Plans and movements must be balanced so that the process achieved will be much more coordinated when run well.

d5000

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This news article is completely wrong, as some already have stated. The German Government has never made any statement on a strategic reserve or a "reinvestment" in Bitcoin. (Not even the date of the BKA/Saxony sale is correct, as it was in mid-2024 and not in 2022, and they made even a nice profit as the coins were seized in early 2024 at $40-45k and they sold it in the $55-65k range).

However, there was indeed an event that could have triggered the article's creation: Former German finance minister Christian Lindner has indeed proposed a Bitcoin reserve for the European Central Bank, see this article in the FAZ. This is however already some weeks old, as it occurred around New Year, and in addition it was after Lindner's resignation as Finance Minister. Lindner's speech was (nearly for sure) a campaign speech directed to potential voters as soon there will be elections in Germany.

m2017

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Quote from: TravelMug on January 15, 2025, 06:17:44 PM

So after missing out a huge profit before, the government of Germany has plans to reinvest again,

One can only laugh at their strategic planning in investments. As far as I remember, Germany sold bitcoin not only in 2022, but also in July 2024. Which speaks of a double failure.

But given the long-term investment, these losses will be more than offset if Germany reinvests.

Quote from: TravelMug on January 15, 2025, 06:17:44 PM

So obviously, they've missed out, but then again, it's not too late as every countries is talking about investing into Bitcoin and making it their national reserves. And with the incoming President of the US talking about it, definitely it has a ripple effects on most countries around the world.

If Germany plans to resume investing in bitcoin, then they still have a chance. Unlike those countries that are still not even looking in this direction.

This is certainly good news for bitcoin pricing if large (and economically strong) countries start to see bitcoin as a serious investment asset. Investor countries are the largest BTC-investors, which means a large flow of money into the cryptoindustry.

el kaka22

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If they actually looked back and realized that they made a mistake by selling and should have kept it, then we could only congratulate them because there are many people who make the same mistake and never get better at what they do, and never try to recover.

If they just looked backed, and learned from a mistake, then they are better than most nations and to be fair Germany has always been managed properly, well not always lol, we do all remember a period when they were Cheesy

but you know.. since then at least. So at the end of the day, we are going to see them have a much better future if they can invest into bitcoin and this time they should be keeping that for a long term, that would be a very important help for their economy.

batang_bitcoin

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Quote from: ancafe on January 17, 2025, 08:31:59 AM

Quote from: batang_bitcoin on January 16, 2025, 04:37:42 PM

Yup, we're looking at that side that this is still a good news. They want a full restart and reset and so, if they're buying Bitcoin at a price considered by them as a good buy, they're welcome. This is a free market, whether they buy or not, people will know.

There is always the best left for countries that start considering bitcoin as a reserve because in many aspects bitcoin can provide more value than others. If they want to do a recovery or reset purchase then that is a good choice because Germany is starting to understand that bitcoin can provide certainty for storing value. This is very welcome and maybe there will be many positive things that will be obtained by the country later.

Previously they only sold confiscated bitcoins and maybe Germany itself is starting to understand the movement or the positive side that bitcoin can provide on the way so they are starting to consider being directly involved in the reserve process like some countries that are also starting to consider it.

It is a very welcoming development but they lack in coordination when they have this plan. But what's done is done and they have to move on and follow the contingency plans that they have created like this one.

Quote from: Josefjix on January 17, 2025, 10:36:43 AM

Yeah, government starting to see something unique in cryptocurrency as a whole especially in the coins that really shows the symbol and strengths of decentralization in them. In the meantime, it's going to be the number priority of every country to consider it not only as a reserve but a major backbone of a country economy more than any other assets so far. The positive impact this going to create is even more massive to the point the banks as well as other sector will consider to implement and integrate blockchain technology into their system for easy visibility and transparency of every transactions as that's the main aim of cryptocurrency.

I agree, it will be numbers priority and every country will start to have their own plans and targets on how many and how much Bitcoins they should have as reserve. It's going to be a great FOMO and hype but in a different way and through them.

Zoomic

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Although the information in the OP might be a bit misleading, it is still good news to see that the German government is also willing to diversify the country's portfolio behold just traditional assets like government bonds, gold, real estate and even fiat. This will in no doubt boost global adoption and ofcourse push forward bitcoin's price. The US government has already set the pace, many countries will follow suit. This is a clear signal that bitcoin is fast growing to become a legitimate asset class recognised and accepted by even the government. I look forward to news like this from more countries.

Josefjix

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yes

Quote from: batang_bitcoin on January 16, 2025, 04:37:42 PM

Quote from: ancafe on January 16, 2025, 07:49:01 AM

But if they start thinking about investing it should be a positive step because they are starting to see something better in bitcoin. So considering starting will be one of the right steps because Bitcoin always provides maturity in personal, group and institutional investments.

Yup, we're looking at that side that this is still a good news. They want a full restart and reset and so, if they're buying Bitcoin at a price considered by them as a good buy, they're welcome. This is a free market, whether they buy or not, people will know.

Yeah, government starting to see something unique in cryptocurrency as a whole especially in the coins that really shows the symbol and strengths of decentralization in them. In the meantime, it's going to be the number priority of every country to consider it not only as a reserve but a major backbone of a country economy more than any other assets so far. The positive impact this going to create is even more massive to the point the banks as well as other sector will consider to implement and integrate blockchain technology into their system for easy visibility and transparency of every transactions as that's the main aim of cryptocurrency.

moneystery

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i don't know why the author of the article uses the term 'national reserve' when germany does not have a national bitcoin reserve; and as far as i know it's not bitcoin that was generated from their investments, it's bitcoin that they collected from criminal seizures-- and the author also talks about the losses as if they were losses that occurred due to mismanagement of investments. there are many misunderstandings in the article, and the author should re-edit the article.

but regardless if it is true that germany is showing interest in bitcoin they are one of the countries that have shown plans to create a bitcoin reserve and that would have a positive impact on the bitcoin market, and hopefully their plans can be implemented.

ancafe

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Quote from: batang_bitcoin on January 16, 2025, 04:37:42 PM

Yup, we're looking at that side that this is still a good news. They want a full restart and reset and so, if they're buying Bitcoin at a price considered by them as a good buy, they're welcome. This is a free market, whether they buy or not, people will know.

There is always the best left for countries that start considering bitcoin as a reserve because in many aspects bitcoin can provide more value than others. If they want to do a recovery or reset purchase then that is a good choice because Germany is starting to understand that bitcoin can provide certainty for storing value. This is very welcome and maybe there will be many positive things that will be obtained by the country later.

Previously they only sold confiscated bitcoins and maybe Germany itself is starting to understand the movement or the positive side that bitcoin can provide on the way so they are starting to consider being directly involved in the reserve process like some countries that are also starting to consider it.

batang_bitcoin

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Quote from: NotATether on January 16, 2025, 03:38:17 AM

Quote from: Hazink on January 15, 2025, 06:50:00 PM

It’s good news, and more of such will still be coming out, if not every month.

It is laughable news, because if Germany wanted to buy and hold some Bitcoin in the first place, then they should've contacted Saxony first and told them not to sell their bags. Bam - problem solved. No hits on the budget deficit required. But yeah, "crypto is bad money laundering tool", so of course they sold their holdings.

If they want to get some back, it will be at a huge loss.

I agree, they are aware of Saxony's bag and then did nothing when the rumors became news about them selling what they have. Well, whenever these countries and institutions that are backed by the government are buying, we're here to be happy about them.

Quote from: ancafe on January 16, 2025, 07:49:01 AM

But if they start thinking about investing it should be a positive step because they are starting to see something better in bitcoin. So considering starting will be one of the right steps because Bitcoin always provides maturity in personal, group and institutional investments.

Yup, we're looking at that side that this is still a good news. They want a full restart and reset and so, if they're buying Bitcoin at a price considered by them as a good buy, they're welcome. This is a free market, whether they buy or not, people will know.

Felicity_Tide

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Quote from: TravelMug on January 15, 2025, 06:17:44 PM

So after missing out a huge profit before, the government of Germany has plans to reinvest again,

~snip

After seeing the news headline, I was wondering when the German government actually sold the Bitcoin they claimed to have invested in, because from what I know, the ones that where sold were confiscated. And back to the headlines, should we call this FOMO?, Well maybe YES, or NO. They where quick to taking actions in the sale of confiscated Bitcoin, but it is good to see them taking quick action to buying back as well. But I hope they don't get too excited to sell their next investment.

headingnorth

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Panic-sell when the price is low, then panic-buy back in when the price goes back to all time highs. Sounds like a genius plan to me. Cheesy

avikz

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Quote from: Hazink on January 15, 2025, 06:50:00 PM

That article is a bit misleading to me; firstly, there was no bitcoin reserve that was sold out, and no profit was lost.

Saxony is a city in Germany that sold confiscated Bitcoin and not the Bitcoin they bought and reserved, as the article presumes.

Berlin, the capital of Germany is the one that have proposed to buy bitcoin, which is what I will consider to be a reserve and not the first seized and sold-out bitcoin. Unless their is something that I’m missing..

It’s good news, and more of such will still be coming out, if not every month.

Absolutely! After reading the thread subject, I was wondering, when did Germany invest in Bitcoin?

Indeed, no profit was lost. It's just that they could have made a higher profit but they had decided to sell off early. That's fine! Confiscated Bitcoins are not considered as an investment in any way. So whatever they have sold, it's pure profit for them - all 100%!

But honestly, I really do not want to see another big economy investing in Bitcoin and take out a huge amount of it out of the circulation for an indefinite period. Bitcoin is people's currency. It will thrive if it remains so!

Zaguru12

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Quote from: X-ray on January 16, 2025, 12:41:22 AM

now it explains why the decision to reinvest feels too much of a FOMO and frankly doesn't make sense, just imagine buying when price already doubled compared to price when selling, I doubt the government will be that FOMO'd toward btc increase in all honesty.
i also heard that the seized BTC was sold because court order or something, so reinvesting the money just doesn't make sense at all.

It’s not the same state that are re investing rather if true it is Berlin that is actually investing now and not re investing, the state that sold was Saxony. The order doesn’t have to be from the court because ideally it’s not right to keep the funds or property seized as reserve or anything. It’s just similar to impounded property which are later auctioned off. People actually relate this to the German government and many articles have actually debunked it a lot of time.

As for maybe the Berlin state are FOMOing by buying at the current price because of the move I would say no, the reason is they have the capacity to actually hold it for long and also are buying in large quantity. FOMo is when actually do not have the capacity to hold for long and you’re having smaller funds too. Moreover bitcoin isn’t like other cryptocurrencies that loses value easily and buying at a price like it is now will not cause much of a problem because there is high possibility of it Moving up from here

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I remember that news. Had dismissed it as a general liquidation of assets. You get what you get and bring in the money you need. Did not expect the state to consider it as an investment loss though, and did not expect them to re-up. Seems particularly bad timing (if you're playinig the game) to sell in a bear and buy in a bull if you're not holding longer than a cycle... Reuters should be reliable to report that fact, so... then again Germany does have a history of bad financial management (sorry Merkel, austerity only works if you do it all the way).

ancafe

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Quote from: TravelMug on January 15, 2025, 06:17:44 PM

So obviously, they've missed out, but then again, it's not too late as every countries is talking about investing into Bitcoin and making it their national reserves. And with the incoming President of the US talking about it, definitely it has a ripple effects on most countries around the world.

You can follow it here if they made the purchase or not: https://intel.arkm.com/explorer/entity/germany

The news was a bit exaggerated because Germany had not previously purchased bitcoin and they did not have any bitcoin reserves because the bitcoins they sold were obtained through confiscation. The author does not understand the meaning of loss and maybe he does not have a view on what is being done so the writing that is published is more about the meaning in a more general sense. If it is said that they want to reinvest then they should have done that before but they did not and I think it is just a matter of bookkeeping from the confiscated bitcoins they did before.

But if they start thinking about investing it should be a positive step because they are starting to see something better in bitcoin. So considering starting will be one of the right steps because Bitcoin always provides maturity in personal, group and institutional investments.

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Quote from: Hazink on January 15, 2025, 06:50:00 PM

It’s good news, and more of such will still be coming out, if not every month.

It is laughable news, because if Germany wanted to buy and hold some Bitcoin in the first place, then they should've contacted Saxony first and told them not to sell their bags. Bam - problem solved. No hits on the budget deficit required. But yeah, "crypto is bad money laundering tool", so of course they sold their holdings.

If they want to get some back, it will be at a huge loss.

Topic: Germany to Reinvest in Bitcoin After $3.1 Billion Loss in Previous Sale - page 2. (Read 596 times)