Let's clarify the jargon we are using, Donald Trump does not buy bitcoin, he does not, he surely never will because of his financial convictions, now the announced political economic strategy has not yet been made effective, since due to the narrow margin (which never really existed) of votes, this announcement ("his love for Bitcoin") was necessary.
I think what has made bitcoin great is the great knowledge of its community and the trust in its niche and not in this type of announcements, whether true or false they should only reach peaks on the graph and not be decisive in the long term.
Topic: US court approves the sale of 69,000 Silk Road bitcoins (Read 156 times)
What they are going to do is make fools of themselves, both the outgoing administration selling and the minnows selling out of panic when they see the price go down.
To me this is good because Trump promised he would not sell the bitcoins the USA already has, while Lummis has proposed buying 4 million. After this move Trump is more likely to opt to buy bitcoin instead of just holding the ones he already has, and with all the bitcoiners he has around him, more.
If ppl sold it won't change btc price for long it'll recover. It's like Biden does what he wants with out caring about Trump. If they've got 69k bitcoin Biden shouldn't give permission to sell because they're going to stack them during Trump's presidency. To me this is good because Trump promised he would not sell the bitcoins the USA already has, while Lummis has proposed buying 4 million. After this move Trump is more likely to opt to buy bitcoin instead of just holding the ones he already has, and with all the bitcoiners he has around him, more.
Going by the last dip and quick recovery, I do not see this as something that is very shocking or disconcerting news to any Bitcoiner. If anything, it seems to be the general consensus that this is not going to impact the Bitcoin price in any significant way.
Spot trading's changed the past. It's different now because price correction's accelerated after bitcoin ETF's were introduced. 
US court approves the sale of 69,000 Silk Road bitcoins because this news bitcoin just dropped to retest the 92K level, and I hate them because us just dropped like without noticing us.
If trump said about bitcoin reserve than we will see bitcoin reach beyond 100K
You don't have to hate them, Donald Trump has not taken over the leadership so the present government has the right to do what they want and they know what they are doing. And I also believed that it was because of this court approval that made bitcoin to come down recently but we have to know that bitcoin is a volatile digital currency and it is good for people at all time. Both in the bear market and in the bullish market. Some of the investors invested when it hit $92,000 and we should not expect bitcoin to rise at all time. So we should prepare our mind at all time to avoid disappointment. As I said in the my previous comments today, when Trump takes over the leadership and with his economic policies, if they favour bitcoin, the price will surpass $110,000. If trump said about bitcoin reserve than we will see bitcoin reach beyond 100K
Well that's Donald Trump administration that said they will establish bitcoin strategic reserves, and not this present administration. The Joe Biden administration hasn't ended so they are definitely going to do things their way. They are going to run the government in their own terms till the last minutes they have in office. Nothing concerns Joe Biden administration with building bitcoin national reserves. There is no way Joe Biden administration will consider anything that will aid the incoming administration with their proposed establishment of bitcoin strategic reserves.
Even we know that if the Trump administration is serious and wants to create a bitcoin strategic reserve, Biden selling this 69kBTC won't stop them. So Biden won't waste time and effort just to sell that amount of bitcoin when they know that it won't stop Trump either.
Many people like you are trying to blame the Biden administration but that is just your baseless speculation, there is no evidence for that. If the Biden administration wants to make things difficult for Trump, they will focus on bigger issues like the Russia-Ukraine conflict, the economy, immigration...because those are the issues that Trump cares about most, not bitcoin.
It could also be that the officials of this present administration wants to buy their own bitcoin on individual basis. So they know fully well that releasing the news will crash the market and enable them to buy bitcoin cheaper. They already knew that once Trump administration comes into office, that bitcoin stands a better chance of doing well. So crashing the market with the news seems to be a pretty good plan. To me it a well calculated move from the present administration.
The Biden administration is the one that approved bitcoin ETFs and if I remember correctly bitcoin was trading at $40k before ETFs were approved. If they really wanted to buy cheap bitcoins and speculate, they would have had no shortage of time to do so and would have made huge profits. They don't have to wait until now and there are plenty of ways for them to buy bitcoin at a bargain price so stop badmouthing them when we have no proof.
Going by the last dip and quick recovery, I do not see this as something that is very shocking or disconcerting news to any Bitcoiner. If anything, it seems to be the general consensus that this is not going to impact the Bitcoin price in any significant way.
US court approves the sale of 69,000 Silk Road bitcoins because this news bitcoin just dropped to retest the 92K level, and I hate them because us just dropped like without noticing us.
If trump said about bitcoin reserve than we will see bitcoin reach beyond 100K
If trump said about bitcoin reserve than we will see bitcoin reach beyond 100K
Well that's Donald Trump administration that said they will establish bitcoin strategic reserves, and not this present administration. The Joe Biden administration hasn't ended so they are definitely going to do things their way. They are going to run the government in their own terms till the last minutes they have in office. Nothing concerns Joe Biden administration with building bitcoin national reserves. There is no way Joe Biden administration will consider anything that will aid the incoming administration with their proposed establishment of bitcoin strategic reserves.
It could also be that the officials of this present administration wants to buy their own bitcoin on individual basis. So they know fully well that releasing the news will crash the market and enable them to buy bitcoin cheaper. They already knew that once Trump administration comes into office, that bitcoin stands a better chance of doing well. So crashing the market with the news seems to be a pretty good plan. To me it a well calculated move from the present administration.
It could also be that the officials of this present administration wants to buy their own bitcoin on individual basis. So they know fully well that releasing the news will crash the market and enable them to buy bitcoin cheaper. They already knew that once Trump administration comes into office, that bitcoin stands a better chance of doing well. So crashing the market with the news seems to be a pretty good plan. To me it a well calculated move from the present administration.
I don't think they will be selling a single bitcoin of that stash before Trump is sworn into the office. They only got a court's approval, possibly there's also a period to file an appeal from that decision (but not sure on that).
If Trump is serious about keeping his promise regarding the Bitcoin reserve, dumping those 69,000 coins by the current administration won't be much of an obstacle, it's not like Trump is buying from his own pocket.
And in terms of market manipulation, 69k bitcoins is a lot, but selling them wouldn't impact the price that much looking only at the supply/demand side of things. It's the fear and uncertainty fueled by media that could be a bigger factor.
As for the topic, the US court approved the sale of over 69,000 bitcoins. Some say this is the main reason for the recent dump, although it would be a bit strange as I hear the approval took place on 30th Dec, and we've seen the price going up to above $100k since then before dipping again.
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
It is not something new to hear. If you take a look on the past years, the United States specifically did the same thing a couple of times when the Bitcoin price rises, I don't know if it is intentional to drop the price and let some people buy at lower price or just sell to grab maximum of money. Either way it is quite intentional in my opinion and MtGox was the last one if I am not mistaken before this one?
Intentional meaning it is politically motivate by the Biden administration? Yeah, I might have to go with that, I mean it doesn't make sense for the US or DOJ to just decided to sell their Bitcoin when the incoming President wanted to established a Bitcoin national reserved.
It could also be that the officials of this present administration wants to buy their own bitcoin on individual basis. So they know fully well that releasing the news will crash the market and enable them to buy bitcoin cheaper. They already knew that once Trump administration comes into office, that bitcoin stands a better chance of doing well. So crashing the market with the news seems to be a pretty good plan. To me it a well calculated move from the present administration.
Fixed that for you.
What they are going to do is make fools of themselves, both the outgoing administration selling and the minnows selling out of panic when they see the price go down.
To me this is good because Trump promised he would not sell the bitcoins the USA already has, while Lummis has proposed buying 4 million. After this move Trump is more likely to opt to buy bitcoin instead of just holding the ones he already has, and with all the bitcoiners he has around him, more.
But this news still clearly shows some political motives IMO.
The incoming president has made it clear that he has plans for a Bitcoin reserve, which will definitely require purchasing a large amount, but why on earth was this sales approved in the first place, when it could actually be a starting point for the incoming administration?. And the funny part is that they have just few weeks left before stepping down.
To me, there are two obvious motives here, which are
To drive fear into the market, thereby causing people to sell, which could result in a massive dump and allow them to buy for themselves at a lower price(because people can make drastic decisions at every last minute, so who knows). Or to make things a bit difficult for the incoming administration and its plans to acquire Bitcoin, but at the end of the day, it still won't change anything.
Intentional meaning it is politically motivate by the Biden administration? Yeah, I might have to go with that, I mean it doesn't make sense for the US or DOJ to just decided to sell their Bitcoin when the incoming President wanted to established a Bitcoin national reserved.
I doubt that. The DOJ shouldn’t be influenced by politics; otherwise, it would compromise their independence and damage the reputation of the US justice system. Even if it hadn’t been announced this year, it would still have occurred under the Trump administration I believe. As for the potential market dump, people aren’t overly concerned. If it causes prices to drop, many investors are confident that the market will recover. Like they say, if it dumps, accumulate; if it pumps, sell. It’s all just part of the cycle, so lets not make it a big deal.
As for the topic, the US court approved the sale of over 69,000 bitcoins. Some say this is the main reason for the recent dump, although it would be a bit strange as I hear the approval took place on 30th Dec, and we've seen the price going up to above $100k since then before dipping again.
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
It is not something new to hear. If you take a look on the past years, the United States specifically did the same thing a couple of times when the Bitcoin price rises, I don't know if it is intentional to drop the price and let some people buy at lower price or just sell to grab maximum of money. Either way it is quite intentional in my opinion and MtGox was the last one if I am not mistaken before this one?
Intentional meaning it is politically motivate by the Biden administration? Yeah, I might have to go with that, I mean it doesn't make sense for the US or DOJ to just decided to sell their Bitcoin when the incoming President wanted to established a Bitcoin national reserved.
But in any case they want to before Trump officially sits on January 20th, but all means they can do it. So that others can scoop it as a cheap price, regardless if it is institution or whales or average joe like the rest of us.
They are still holding some Bitcoin though: https://intel.arkm.com/explorer/entity/usg
It they're selling 69k bitcoin it's going to cause more ppl idiots to dump. It's looks like they're manipulating the market by releasing the news but it'll mirror in btc price.
Fixed that for you.
What they are going to do is make fools of themselves, both the outgoing administration selling and the minnows selling out of panic when they see the price go down.
To me this is good because Trump promised he would not sell the bitcoins the USA already has, while Lummis has proposed buying 4 million. After this move Trump is more likely to opt to buy bitcoin instead of just holding the ones he already has, and with all the bitcoiners he has around him, more.
It they're selling 69k bitcoin it's going to cause more ppl to dump. It's looks like they're manipulating the market by releasing the news but it'll mirror in btc price.
As for the topic, the US court approved the sale of over 69,000 bitcoins. Some say this is the main reason for the recent dump, although it would be a bit strange as I hear the approval took place on 30th Dec, and we've seen the price going up to above $100k since then before dipping again.
Could it be that releasing the news now is just an attempt of market manipulation?
Could it be that releasing the news now is just an attempt of market manipulation?
It is not something new to hear. If you take a look on the past years, the United States specifically did the same thing a couple of times when the Bitcoin price rises, I don't know if it is intentional to drop the price and let some people buy at lower price or just sell to grab maximum of money. Either way it is quite intentional in my opinion and MtGox was the last one if I am not mistaken before this one?
If Bitcoin’s price does dump, it’s probably not because the US is selling confiscated Bitcoin, but more likely due to FUD.The market volume is much larger now, and it’s not like they’ll sell everything in one go. There’s likely a schedule or timing for the sales to minimize market impact. Too add, the US has a vested interest in protecting the market integrity since they regulate many exchanges and financial institutions related to Bitcoin. They wouldn’t want to harm something they’re actively involved in managing.
It is not something new to hear. If you take a look on the past years, the United States specifically did the same thing a couple of times when the Bitcoin price rises, I don't know if it is intentional to drop the price and let some people buy at lower price or just sell to grab maximum of money. Either way it is quite intentional in my opinion and MtGox was the last one if I am not mistaken before this one?
Mentioning potential manipulation I didn't mean the court's approval in particular, but more the fact that multiple news outlets started to report on it at the same time but about a week after the approval happened. It could be nothing, i.e. one news outlet picked up a story and others took it from them, but who knows.
Anyhow, I don't think that amount would have any serious impact on the price (unless psychological), especially if they split them into smaller tranches like they tend to do.
There's also a possibility that Trump's administration could prevent that sell-off, if he's serious about creating the strategic Bitcoin reserve.
Short term suppression of the price is long term bullish, its liquidity not weakness so knowing that is an advantage. I imagine they carry out a process like an IPO float which is a giant issuance into the market. What they do there is secure buyers ahead of time and usually a company is in the background as buyer of last resort at a certain price, etc.
Just like people are thinking of a lower price from higher supply. Think inversely of very large buyers of BTC who want to enter the market but also not suffer a higher price from being front run. These people exist always to some extent, its a case of operating with finesse and marrying these two ends of the order book up in a cordinated way. Its something banks do for other assets all the time, if they are doing the sale properly it will be done here also even if not stated explicitly.
Just like people are thinking of a lower price from higher supply. Think inversely of very large buyers of BTC who want to enter the market but also not suffer a higher price from being front run. These people exist always to some extent, its a case of operating with finesse and marrying these two ends of the order book up in a cordinated way. Its something banks do for other assets all the time, if they are doing the sale properly it will be done here also even if not stated explicitly.
It is not something new to hear. If you take a look on the past years, the United States specifically did the same thing a couple of times when the Bitcoin price rises, I don't know if it is intentional to drop the price and let some people buy at lower price or just sell to grab maximum of money. Either way it is quite intentional in my opinion and MtGox was the last one if I am not mistaken before this one?
Mentioning potential manipulation I didn't mean the court's approval in particular, but more the fact that multiple news outlets started to report on it at the same time but about a week after the approval happened. It could be nothing, i.e. one news outlet picked up a story and others took it from them, but who knows.
Anyhow, I don't think that amount would have any serious impact on the price (unless psychological), especially if they split them into smaller tranches like they tend to do.
There's also a possibility that Trump's administration could prevent that sell-off, if he's serious about creating the strategic Bitcoin reserve.
As for the topic, the US court approved the sale of over 69,000 bitcoins. Some say this is the main reason for the recent dump, although it would be a bit strange as I hear the approval took place on 30th Dec, and we've seen the price going up to above $100k since then before dipping again.
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
I think the intention of US court to approved the sales of over 69,000 bitcoins is for business purpose. like every other businesses or commodities when the supply is high the price will likely crash. US are very smart people and before US court approved the sales of 69000 Bitcoin they have critically analyzed and forecast the future of bitcoin and how to run their investment to maximize their profit.Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
Bitcoin is currently valued at a very high price now and if we consider this high price you will see that US court approval to sell over 69,000 Bitcoin is to hit the market and make morr profit and as well as to crash the price which they will in turn use the profit they made from selling the 69000 Bitcoin when the price was drastically high to reinvest and accumulate more Bitcoin at a low price with the intention of holding the Bitcoin for a very long time to make more profit in the future when the market will enter another bull season.
As for the topic, the US court approved the sale of over 69,000 bitcoins. Some say this is the main reason for the recent dump, although it would be a bit strange as I hear the approval took place on 30th Dec, and we've seen the price going up to above $100k since then before dipping again.
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
Could it be that releasing the news now is just an attempt of market manipulation?
https://www.fxstreet.com/cryptocurrencies/news/us-court-approves-sale-of-65b-silk-road-bitcoin-202501091317
https://bravenewcoin.com/insights/us-govt-cleared-to-sell-69k-btc-worth-6-5b-from-silk-road-report
It is not something new to hear. If you take a look on the past years, the United States specifically did the same thing a couple of times when the Bitcoin price rises, I don't know if it is intentional to drop the price and let some people buy at lower price or just sell to grab maximum of money. Either way it is quite intentional in my opinion and MtGox was the last one if I am not mistaken before this one?
The US govt to liquidate 69,000 BTC an ongoing discussion on same topic.
Good news is the market is, such panic won’t last long in the market.
Could it be that releasing the news now is just an attempt of market manipulation?
Anything is possible; there is no harm in a few top players trying to drag down the market in order to have an opportunity to buy bitcoin cheaper as a result of the damage the news will cause to the market.Good news is the market is, such panic won’t last long in the market.
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