Germany was not Selling BTC all this Time - page 2.

coolcoinz

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Quote from: Faisal2202 on July 10, 2024, 12:02:15 PM

So, should we say Germany was selling or dumping the market all this time or it was Saxony? I mean for me it's the same thing.

Is there a difference? It's like we were to say that it's not USA that sold but Alaska. Does Saxony have it's own army, does it have borders, do they elect their own president, or chancellor?
If the answer is no, there's no need to differentiate.

The real problem is someone in that independent state is manipulating the market by moving bitcoin to exchanges and back to spook investors instead of selling it since they apparently want to do that. Why not sell OTC if they had such offers and this would be more profitable to them? Or maybe the deal is that they want to lower the price because they have short positions open?

The longer it takes before they actually sell their coins the more you can be sure it's a manipulation.

criptoevangelista

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There will always be people selling... people buying... in reality, worrying about this doesn't make much sense. The market goes where it has to go, but if you're looking for a reason for the fall, just look at how the market went from 15k to 73k... so it's normal for people to sell... I don't care about how much the government has, I care about how much I have.

Faisal2202

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So they say, it was not Germany selling 50,000 BTC (To be accurate 49,857) confiscated from a pirated film site (as they were involved in money laundering) but it was a free state of Germany "Saxony". There are a total of 3 free states in Germany, and according to what I learned is, each of these three states has its own government and its own president, but it's not that they are independent of Germany's government but they are bound to it as they have a parliamentary democracy.

So, should we say Germany was selling or dumping the market all this time or it was Saxony? I mean for me it's the same thing. But for news outlets seem to be very concerned about it, because people on X were saying different things about Gernmany's authorities that they have no sense, and blah blah while new outlets are making sure it was not Germany but one of its free states. BTW according to another news they have only left with 13,110 BTC.
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Topic: Germany was not Selling BTC all this Time - page 2. (Read 265 times)