Germany was not Selling BTC all this Time

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Quote from: Faisal2202 on July 14, 2024, 12:11:51 PM

~I think they elect there own president, I might be wrong but they might not have their own army. Well, I have the same idea that what's the point in clarifying by media that it was not Germany but Saxony? Speaking of why they are selling via exchanges and why they are not doing OTC, I think they really want to affect the market because when the price dropped to $56k I suppose they bought BTC as well.

And that was the right move on their side. They could generate good profits if they waited a bit before selling.

Quote from: Faisal2202 on July 14, 2024, 12:11:51 PM

And then they started selling them again.

And, as we can see now, that wasn't the right move, was it?

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Quote from: coolcoinz on July 10, 2024, 02:48:21 PM

Is there a difference? It's like we were to say that it's not USA that sold but Alaska. Does 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.

I think they elect there own president, I might be wrong but they might not have their own army. Well, I have the same idea that what's the point in clarifying by media that it was not Germany but Saxony? Speaking of why they are selling via exchanges and why they are not doing OTC, I think they really want to affect the market because when the price dropped to $56k I suppose they bought BTC as well. And then they started selling them again.

As of posting this reply, I think they have done selling all of there holdings and maybe that's why we are seeing a pump in the market that BTC crossed $60k today. It's a good sign. And obviously they might not be getting good deal via OTC and I think OTC deals are lesser than the Market price. That's why there preferred market. The question is can we do something about such selling? I think no, because every holder has the right to sell wherever they want to sell it.

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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. 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.
source

IN situations like this, we cannot be sure of what is the real state of affairs concerning the current happenings regarding the sell of bitcoin in Germany except we here the truth from their official statement about what is going on, just as we have already know about the news platforms and social media being able to disseminate informations very fast even when its all lies, but i want to hope that if the were actually selling, then there is a reason for doing that for now, while the market sell and buy will always be a continues experience.

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Quote from: $weetne$$ on July 13, 2024, 10:55:44 AM

Quote from: kryptqnick on July 12, 2024, 02:17:12 AM

Saxony is a state of Germany, so if Saxony is selling BTC, I think it's okay to say that it's Germany selling BTC. If I'm not mistaken, it is similar to the USA, e.g. if Texas was selling BTC, would you say that it's not the USA because it's the state of Texas?

This was what I was thinking too because you can say the country is selling instead of saying the state. The world will understand what you are trying to say when you call the country name. Or in a more simple terms you say the German government are selling which is still the same thing as saying Germany is selling. But I am glad that the selling is now over after there were news of Germany being done with the selling and that is also reflecting on the market as it is not dipping anymore for now as it was doing when the news came out and there was actual selling going on. What ever the Germany government wanted to achieve by selling when everything was looking very good for Bitcoin has failed as the market did not lose value that much. Bitcoin dripping is always expected after the market has gained some profit and that is what only just happening.

I also agree with you both on this. Since the state is under the German government, whatever they do will also go back to the federal government, which means the public is still not wrong for saying that the German government has been dumping all their bitcoin holdings, even if the sales are just done by a single state.

The market is correcting gradually, but let us not be too sure if they have sold out all their holdings; they might just be laying on the exchange without being sold, but never the less, as long as the wallet is empty in public eyes, and we can all see that there is no more panic selling. I guess that news of them selling off is good for the market.

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Quote from: kryptqnick on July 12, 2024, 02:17:12 AM

Saxony is a state of Germany, so if Saxony is selling BTC, I think it's okay to say that it's Germany selling BTC. If I'm not mistaken, it is similar to the USA, e.g. if Texas was selling BTC, would you say that it's not the USA because it's the state of Texas?

This was what I was thinking too because you can say the country is selling instead of saying the state. The world will understand what you are trying to say when you call the country name. Or in a more simple terms you say the German government are selling which is still the same thing as saying Germany is selling. But I am glad that the selling is now over after there were news of Germany being done with the selling and that is also reflecting on the market as it is not dipping anymore for now as it was doing when the news came out and there was actual selling going on. What ever the Germany government wanted to achieve by selling when everything was looking very good for Bitcoin has failed as the market did not lose value that much. Bitcoin dripping is always expected after the market has gained some profit and that is what only just happening.

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

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.
source

German government selling bitcoins It is true, they have manipulated the market by selling small amount of bitcoins from their huge bitcoin reserves. And the current island going is the biggest opportunity for other investors. This is the time when buying Bitcoin with accumulated money can be the most profitable, because we are still in the moment before the beginning of the peak bull run. So of course we should keep our thoughts on the most profitable ways to invest in bitcoins right now.

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

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.

Oh, god where did you get that?
They just call themselves Freistaaten there is no difference between them or other states
https://www.bpb.de/kurz-knapp/lexika/das-junge-politik-lexikon/320325/freistaat/

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?

Neither!
It's the BAK, Bundeskriminalamt, or Federal Criminal Police Office!

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

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.

If your research is done on what people are saying on X, you might find out it's year 56 899 you live on Atalantis and the sale is Bitcoin is done by the city of Volatis and the Iron Bank!
Seriously, stop!

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Quote from: fuguebtc on July 12, 2024, 06:53:05 AM

It is true that most people think that the German government is selling bitcoins and almost no one knows exactly who is selling, you have provided an additional interesting information. But this won't change anything in the market and above all the sale of 50kBTC to the market is almost over so it won't matter who sells anymore.

The thing is if the news outlets have actually carried out the news that it was the Saxony that was selling it wouldn’t have generated the much needed attention that they wanted rather the news had to just stick to calling it the German’s propaganda. Most of the bitcoin whales tracking sites like ARKHAM had actually labeled the wallet where the sized 49,860 bitcoins (to be exact) where stored to be that of German and when a movement was happening from there it was easily reported as the Germans selling. So it doesn’t change anything.

Quote from: m2017 on July 12, 2024, 03:30:27 AM

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

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.

This is because someone in their government heard that a bull trend was coming. Otherwise, these remnants would have been sold.

I doubt that they are actually taking it back to save for the potential bull run rather what they have been doing is actually to take the coins off the exchanges everyday after selling them. This has been on repeat for like the 25 days now that they have been selling, yesterday the $13k bitcoin was also been moved to exchange and then only 4,925 was returned back to the their wallets. Meaning they have just less than 10% remaining. Fair to say they were practicing Not your keys, not your coins

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It is true that most people think that the German government is selling bitcoins and almost no one knows exactly who is selling, you have provided an additional interesting information. But this won't change anything in the market and above all the sale of 50kBTC to the market is almost over so it won't matter who sells anymore.

As a bitcoin investor, we should focus on accumulating bitcoins and should take advantage every time someone dumps bitcoins to get better discounts. Don't spend too much time trying to figure out what the cause is and who is selling those bitcoins because it's almost impossible to change anything.

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

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".

This is the funniest moment in this news. It turned out that the regulator, fighting against “dirty money”, turned out to be dishonest.

"Quod licet Iovi, non licet bovi".

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

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.

I am sure that few people will understand the intricacies of the state structure and it will be easier for many to generalize under the name Germany.

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.

I agree with you.

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

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.

This is because someone in their government heard that a bull trend was coming. Otherwise, these remnants would have been sold.

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

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.
source

That's how it is for me too. What's the difference in who's actually dumping the market? It can be Saxon'y police selling those confiscated BTC from a pirate site or Mt Gox beneficiaries dumping their recovered coins. It's irrelevant. What matters is that when it's over, BTC will be rising again, as it always happens through Bitcoin's history.

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Quote from: avikz on July 12, 2024, 12:11:19 AM

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

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.
source

It essentially means, Germany was selling Bitcoins. Whether a state in Germany selling things or the German government selling things - both are same and doesn't make any difference. What matters is that a government sitting on a pile of seized bitcoins, is now selling it to the market. We will always see such selling pressures. In majority of the countries, Bitcoin is not yet a legal tender. Which means that the government can't use them directly. So they will always try to liquidate some of their holdings so that they can use the cash.

But the good part is that the Bitcoins are coming back to the market while the governments are reducing their reserves. It's very important for the future of Bitcoin. Corporates or governments sitting on a large pile of Bitcoin, will pose a threat to the market dynamics.

But the German government or any government selling bitcoin will not make this threat go away, while the German government or Mt.gox are selling, other major funds are also buying. We cannot expect bitcoin to be divided equally among everyone and avoid falling into the hands of corporations and governments because they will not stay out of this game. Michael J. Saylor, el salvador or the US government is also holding a lot of bitcoin, not just the German government.
Additionally, without the participation of governments, corporations, and large funds, I don't think bitcoin can become bigger than just retail investors.

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Saxony is a state of Germany, so if Saxony is selling BTC, I think it's okay to say that it's Germany selling BTC. If I'm not mistaken, it is similar to the USA, e.g. if Texas was selling BTC, would you say that it's not the USA because it's the state of Texas?
The responsibility falls on the local government, that's true, but for the sake of simplicity, you can generalize to the name of the country when we're not interested in specific authorities. Also, I don't think we can put any blame on Germany or on Saxony for selling those funds, as they seem to be required to do so.

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

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.
source

It essentially means, Germany was selling Bitcoins. Whether a state in Germany selling things or the German government selling things - both are same and doesn't make any difference. What matters is that a government sitting on a pile of seized bitcoins, is now selling it to the market. We will always see such selling pressures. In majority of the countries, Bitcoin is not yet a legal tender. Which means that the government can't use them directly. So they will always try to liquidate some of their holdings so that they can use the cash.

But the good part is that the Bitcoins are coming back to the market while the governments are reducing their reserves. It's very important for the future of Bitcoin. Corporates or governments sitting on a large pile of Bitcoin, will pose a threat to the market dynamics.

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If German government or other governments listed in Bitcoin Treasuries, sell their bitcoins, it's chance to buy it. If you are an investor, aim at long term investment and already have good strategy for your investment, with capital management for DCA strategy that means you always have capital in hands to purchase.

With long term investment vision, you will look farther than only this month, next several months or this cycle, it will help you to be less panic and see dips as opportunities to buy in.

Like when Bitcoin was above $70,000, many people were regretful that they did not buy or did not buy more when Bitcoin was below $60,000, and now they have chances but what they are thinking and doing now.

https://bitcointreasuries.net/

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The source that Coindesk cites is another Coindesk article that specifically mentions that one of the suspects voluntarily transferred their BTC to the German federal police. If we look at the original statement from the Saxony police it also says that the Bitcoin were transferred to wallet addresses provided by BKA, which is their federal police.

I think this writer just got her acronyms mixed up and thought it was LKA instead of BKA that seized the coins. The correct information is that the German federal government took possession.

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

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.
source

Does saying the country you wanted to reiterate change the fact about BTC tanking right now? I think it does not hold any importance whether to say Germany or part of Germany is selling BTC, but the fact that a huge amount of BTC was being delivered to the market made the current trend or Bitcoin price happen. and with the current remaining amount of BTC to be sold, I think the current situation will not change until that stated remaining BTC is liquidated.

Quote from: Dave1 on July 10, 2024, 08:53:11 PM

I guess the case will be since that we are already technically in a bull run, the price should not tank like this. But this is what the market offers to us, and so the best thing to do is to adjust, and if we don't care, then accumulate and look for the bigger picture or at least next year 2025 for a new all time high of 6 digits and not the short term negative effect like the so called selling of Germany.

We should not be surprised since we are talking about the Bitcoin market and why it is labeled as highly volatile. History already shows us how unpredictable the trend of the Bitcoin market is. When most believe that Bitcoin will continue to uptrend, it will show its volatility and downtrend instead. Despite the current downtrend of BTC I am still hopeful that it will not fail to repeat its 4-year cycle, giving us the much-awaited 6-digit price in the year 2025.

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Quote from: legendbtc on July 10, 2024, 08:11:09 PM

We don't need to care too much about who is selling that 50kBTC because this is a trading market so anyone who owns bitcoin has the right to sell and there will always be someone willing to buy them. Even if Satoshi wakes up and sells the 1 million bitcoins he holds, there is nothing to worry about, the market will always have enough supply and demand and liquidity for everyone. There are certainly short-term effects when large amounts of bitcoin are sold onto the market, but that never lasts.

As you know, they currently hold just over 13kBTC, which means they have sold 70% of their bitcoins and the market is no longer reacting to their selling. I think we should stop this story because it is really over, the market will no longer have any influence.

As I said, there will always be enough liquidity no matter who is selling and how many bitcoins they are selling.

Quote

The German Government is selling.

But Blackrock is buying.

https://x.com/ArkhamIntel/status/1811064906193486264

Imagine that we can see such news every time any large Bitcoin holder moves some significant amount of coins from their wallets, because this will imply their sale, but if there is a seller there is also a buyer, so what is the problem then? Moreover, the market reacts to the news without understanding whether these coins were sell or not. Despite the fact that there are large funds and states in the game, Bitcoin still remains a manipulative tool and it seems that this cannot be changed in any way yet.

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Quote from: criptoevangelista on July 10, 2024, 02:13:10 PM

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.

Or dumping because this news came out and we did see the price going down to as low as $54k. So the damage has been done already, but the good thing is that the market is back again and we have somewhat recover to $58k.

I guess the case will be since that we are already technically in a bull run, the price should not tank like this. But this is what the market offers to us, and so the best thing to do is to adjust, and if we don't care, then accumulate and look for the bigger picture or at least next year 2025 for a new all time high of 6 digits and not the short term negative effect like the so called selling of Germany.

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We don't need to care too much about who is selling that 50kBTC because this is a trading market so anyone who owns bitcoin has the right to sell and there will always be someone willing to buy them. Even if Satoshi wakes up and sells the 1 million bitcoins he holds, there is nothing to worry about, the market will always have enough supply and demand and liquidity for everyone. There are certainly short-term effects when large amounts of bitcoin are sold onto the market, but that never lasts.

As you know, they currently hold just over 13kBTC, which means they have sold 70% of their bitcoins and the market is no longer reacting to their selling. I think we should stop this story because it is really over, the market will no longer have any influence.

As I said, there will always be enough liquidity no matter who is selling and how many bitcoins they are selling.

Quote

The German Government is selling.

But Blackrock is buying.

https://x.com/ArkhamIntel/status/1811064906193486264

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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.

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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.

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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.
source

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