Nevereding drama? MtGox and German Gov, after that Individual x and Bitfinex?

tabas

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Quote from: Pidgeon on July 09, 2024, 11:19:22 AM

Is there no ending to this?

You need to be used to these dramas. There will be no ending to this when you're not expecting one drama to come. Soon, there will be one to come. For every season of the market, bears or bulls, there will always something like this to come out.

Quote from: Pidgeon on July 09, 2024, 11:19:22 AM

By the time they finally dump everything they will seize back again some 100 00 coins, just how much is there left that they can grab?
Is there any other major hack they can still recovers coins from? Mixers or darknet markets they've got their hands on?

It depends if these hacks are traced or not. But based on the history, there can always be these "seized" Bitcoins and from there, it's expected to be dumped in the market because the ones who seizes it will auction it.

Quote from: Pidgeon on July 09, 2024, 11:19:22 AM

I might be overreacting but this is like they are fucking printing coins and dumping them on us!

They're printing money and they're just rinsing and repeating the process. That's why we need to get used to it and just ride it all along, there will be some time that these dramas will be temporarily gone but then, fiascos are nonstop.

davis196

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Quote

Is there no ending to this?
By the time they finally dump everything they will seize back again some 100 00 coins, just how much is there left that they can grab?
Is there any other major hack they can still recovers coins from? Mixers or darknet markets they've got their hands on?

I might be overreacting but this is like they are fucking printing coins and dumping them on us!

So you want the governments to stop seizing coins from criminals and scammers? Good luck with this...
I wouldn't call this "drama". The BTC price dropped down 10-15%(which is normal for an asset with a volatile price) and you are acting kinda butthurt. Just enjoy the summer and forget about the Bitcoin price movements for a while. Summer has never been an extremely bullish period for Bitcoin. The government officials will keep confiscating coins from criminals and scammers and these coins will most likely be sold in parts.
If you can't deal with this sh*t, just leave the BTC market and start trading fiat currencies or stocks.

OgNasty

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It’ll be over in a few months. By now it should be obvious Bitcoin is on a four year cycle so investors should be prepared to hold for another year anyway. The next couple months will likely see the price fall but you have 2 choices. You can panic and sell the most obvious dip in Bitcoin’s history, or you can buy/hold and wait for the recovery and peak of the four year cycle to profit.

redsun114

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I am not seeing much options in front of us regarding this but we need to learn to live with it. I get that it may not be all that great, and I get that people may look at this as dangerous as a big FUD as well, but the reality is that we are talking about something that is taking more time and we should be getting used to it in between time.

Basically I can guarantee you that we can buy (as the whole market) more than what these governments can sell. But if we fear and sell with them, it will go down even more than it should. I know that it is not that easy to get used to this and remaining bullish and confident, but we can make it work one way or another.

Like our usual practice, we need to see this in a perspective view like these countries are preparing for better entry prices for us and for future adapters. I just mean that we should consider the situation all that less sensitive and we need to consider this as a way of getting better results, that's very important. This way we can simply keep ignoring these sales by considering future mass adaptions.

Pidgeon

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We have 200 000 coins hovering around the market, everyone expecting the dump, people like me getting pissed at the waiting and just wanting for everything to be done with only to realize this is a repeating till you're dead damned story!

Current situation:
- german gov liquidation of 50k coins
- possible liquidation of 30k to 120k coins from MtGox

Done, drama is over, we can go back to out things, and then I read this:
https://finance.yahoo.com/news/governments-hold-surprising-amount-bitcoin-125711893.html

- Uk seized 61,000 coins
- Us holds 69 000 coins from Individual x
- Us holds 51 000 coins from James Zhong
- US holds 96 000 coins from Bitfinex

https://platform.arkhamintelligence.com/tags/government

Is there no ending to this?
By the time they finally dump everything they will seize back again some 100 00 coins, just how much is there left that they can grab?
Is there any other major hack they can still recovers coins from? Mixers or darknet markets they've got their hands on?

I might be overreacting but this is like they are fucking printing coins and dumping them on us!

Topic: Nevereding drama? MtGox and German Gov, after that Individual x and Bitfinex? (Read 41 times)