At the same time, I also believe that with the positivity in price fluctuations and the optimism of investor sentiment, this liquidation worth 1B USD from the US government will not cause any negative impact on the increasing momentum of BTC price as well as the crypto market. FTX sold 1B USD worth of GBTC in January[4] and Genesis is selling 1.3B USD worth of GBTC [5] also with no significant impact on BTC price. Therefore, I believe that in the context of the market being extremely excited and the daily BTC trading volume reaching up to 70B USD, the selling force of 1B USD from the US government, if any, is not worth our concern.1. These BTC are national asset. If it is not absolutely necessary, the US government will not move BTC for fun. Their behavior of moving BTC is also very cautious: try transferring 1 BTC and then transfer the remaining amount to ensure safety. That shows everything is done thoughtfully with a clear purpose.
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
BTC is no longer just a new asset in the financial market, BTC has been widely accepted and entered national reserves. Currently, the US holds 207,189 BTC[1] seized from criminals. At the present time, this amount of BTC is worth about 14B USD, a huge amount of money, making the US government the independent entity holding the most BTC, surpassing MicroStrategy with 193K BTC. And we can consider the US government as a big whale in the market, as each of its actions can create waves for the crypto market.
Generally, I am not worried a bit with the US government selling their Bitcoin portfolio...in fact I think this is the best time for the government to sell them all so they will not anymore be a "whale" that can manipulate the price of BTC in the market. Why am I not worried? Because there is now a supply crisis with Bitcoin. Buyers will soon be complaining that they have no BTC to buy as surely the demand will continue to surge while sellers will be shrinking.I like your idea, maybe things would be better if the US government sold all their BTC and was no longer a worry to the market every time they moved BTC. However, I really think that if they sell all of the 200K+ BTC ~ 14B USD right now, the market could suffer a very negative impact, even BTC will need to re-accumulate for many more months to return to the growth trend instead of approaching 100K USD as we expect.
1. Do you think the US government is about to sell 15,085 BTC?
I think they should as the price is really great. The government actually never invested any money with the BTC they are holding. This is the right timing as the market can easily absorb even all the Bitcoin they are holding.
2. Will this event have a negative impact on BTC and the entire crypto market?
There can be a slight correction that can happen in case the government will finally let go a green light to sell a part of its BTC holding but eventually Bitcoin will bounce back with even bigger vengeance. Soon, a new ATH will be made by Bitcoin and this is going to be a big history...and there can be a fuel for more towards the $100K zone.
3. Are you worried and changed your investment strategy because of this event?
No, there is no need for that. Instead, one must do is to do nothing. Unless, of course, if one is trading because that can be a different story. For other people, just like me, who are simply holders, we should just watch and see the numbers for Bitcoin go up, up and away. Still, though, we must be aware of things and be watchful for developments.
1. These BTC are national asset. If it is not absolutely necessary, the US government will not move BTC for fun. Their behavior of moving BTC is also very cautious: try transferring 1 BTC and then transfer the remaining amount to ensure safety. That shows everything is done thoughtfully with a clear purpose.Maybe right now they are selling BTC cleverly so as not to negatively affect the BTC price. We have seen BTC's quick recovery after retesting $59K. The market is still very positive and investors do not seem to be concerned or worried about this event. I hope that this is a good opportunity for Altcoins to get new cash flow and grow well, catching up with BTC's price performance.
2. As topic owner stated, we are seeing an active market with $70B in volume per day for only BTC, this good liquidity is enough to ensure that BTC price will not be pushed down too much by selling pressure from $1B worth of BTC. The US is also the market with the best liquidity in the world, I believe that BTC and the crypto market will be safe.
3. I will continue to DCA BTC until halving, then will spend part of my capital to DCA a few more Altcoins. This plan remains unchanged, whether FTX, Genesis or the US government sells their BTC 8)
1. Of course they will sell these BTC, but why would they not, they are making a good profit, and according to law, if these funds are seized then there must be some timeline for the authorities to clear these funds. And considering that, I don't think they have the luxury to wait for a better price to sell the BTC.
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
1. Of course they will sell these BTC, but why would they not, they are making a good profit, and according to law, if these funds are seized then there must be some timeline for the authorities to clear these funds. And considering that, I don't think they have the luxury to wait for a better price to sell the BTC.With a huge trading volume of around 60 - 70B USD per day, I hope if the US government really sells BTC from their budget, the price of BTC will not be affected. BTC price should naturally adjust to retest important price zones below to continue to grow stronger in the future instead of being negatively affected by a huge selling force that exceeds the market liquidity at that time.
2. I don't think this event will have negative impact on BTC, because currently the market is so soaking, and I think this amount will be soaked by the consumers as well, as new comers are mostly newbies, and buying BTC, plus there are ETFs not, market has expanded, and there is a chance that, these 11 ETFs might buy these BTC via OTC, if they did then we might not see any dump as well.
3. Nah, I did not know about this until this post, and my strategy remain the same.
They're crooked, plain and simple. All politicians are!!! You don't really expect them to hold funds that they seize forever do you? When the police make a drug bust and seize assets, they sell them in a police auction. Just the way things are.If they only sold about 1B USD worth of BTC, I would forgive them.
Guys, there is no danger of those coins hitting the exchanges soon!
Those coins are from the Bitfinex hack and the DoJ will not release them nor will they auction it until Bitfinex settles the claims with their clients, after the hack the victims agreed to a plan taking 30% losses and getting paid in tokens, they want now their coins back, and no federal agency will return a seized good or commodity or anything else when there is not clear owner of the funds and no lawsuit regarding it.
So those coins will be stuck there for years to come much as MtGox!
Nothing to worry about in my opinion.Bitcoin market now is bigger than itself in the past. With bigger trading volume, it can be well even the US government dumps its bitcoins.
Us government is just one more big player, a big whale
It can dump its coins , but this won't make a difference in the long run
Even USA tried to attack the network, like performing a 51% attack , it would cost trillions of dollars and black-outs due to high energy cost.The cost is huge and benefit is small, does not last long.
Bitcoin is highly resistant to that continental attack.
I am more concerned that Bitcoin is somehow more and more dependent on one country, whether it is mining, the amount owned by their funds and companies, or what their current or future president will say on the subject.If Bitcoin miners can have a Great Migration from China, they can do the same to migrate out of the USA.
As long as they don't hold more than 50% of the Bitcoin supply, I wouldn't worry about it.Why specifically 50% though? Are you referring to 51% as mentioned above, or are you suggesting that if they have more than 50% of BTC supply they can manipulate the spot market whenever they want to? If it is the latter, I'm pretty sure some people already did that with way less supply, as long as they have a good amount of money to pay media to say stuff (either to hype retail or scare the shit out of them). I can already imagine some headlines that will come when the government holds 10% or more supply, or vice versa. If you care about long-term gains then you should be prepared from years ago, considering how the cycle works.
1. Do you think the US government is about to sell 15,085 BTC?1. Yeah, they will sell it as usual.
2. Will this event have a negative impact on BTC and the entire crypto market?
3. Are you worried and changed your investment strategy because of this event?
~snip~
If Bitcoin miners can have a Great Migration from China, they can do the same to migrate out of the USA.
1. Yeah, they will sell it as usual.I hope that if the US government actually moves BTC to liquidate, the market will not suffer too much negative impact. Today BTC has retested 66K USD and caused many investors to panic, I do not know the reason, hopefully not because of the event related to BTC from the US government.
2. Maybe slight impact but that will surely be consumed and added to bags of big time investors that is only waiting for opportunities in the market.
3. I am personally not worried about this because I am a long term holder.
~snip~
If Bitcoin miners can have a Great Migration from China, they can do the same to migrate out of the USA.
It is possible, of course, but the question is to migrate where? I
As long as they don't hold more than 50% of the Bitcoin supply, I wouldn't worry about it. Because if they plan to sell the Bitcoins in their hands, then there will be people who are ready to accept the Bitcoins.
Have been more two weeks with US government moving bitcoin assets but not get bad side of bitcoin keep in the higher price, but today large correction seems not the impact with transaction moving bitcoin made by US government last two weeks ago. I think if bitcoin US government assets just moving only from one wallet to other wallet its not much problem and can't make bad impact with bitcoin price will drop drastically.It seems like it doesn't have much of an impact on the market. In fact, Bitcoin's trend at that time was increasing, and the increase could actually be as significant as that. Indeed, there was quite a decline today, but that wasn't something that happened because of the news. yes, only a few market correction conditions.
I think bad if US government moving their bitcoin assets from wallet to exchange wallet and sell it there have large impact with bitcoin price drop significant.
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:I'm not at all worried if the US government sells all its bitcoins because it's a trap of their own making. This event may have some morale impact due to which the market may fall slightly. We have seen the market go down a bit due to this at the moment but I am not at all worried about it as this has happened many times before. I am not selling my bitcoins I am continuing as I am and investing in the DCA method. A lot of people may be worried about this dumping right now but I'm not worried about them I know Bitcoin halving is not long and whatever dramatic events happen after the halving, the new ATH in the Bitcoin market will be created to end all dramatic events. To those who are going ahead with bitcoin investment don't look at all these dramas.
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:I'm not at all worried if the US government sells all its bitcoins because it's a trap of their own making. This event may have some morale impact due to which the market may fall slightly. We have seen the market go down a bit due to this at the moment but I am not at all worried about it as this has happened many times before. I am not selling my bitcoins I am continuing as I am and investing in the DCA method. A lot of people may be worried about this dumping right now but I'm not worried about them I know Bitcoin halving is not long and whatever dramatic events happen after the halving, the new ATH in the Bitcoin market will be created to end all dramatic events. To those who are going ahead with bitcoin investment don't look at all these dramas.
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
They will eventually sell these Bitcoin, they did not invest on the Bitcoin its confiscated so anytime they can sell that profit, the US government will and can continue to accumulate Bitcoin coming from breakers of their regulation, and they will keep on confiscating
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:
- Do you think the US government is about to sell 15,085 BTC?
I don't think there's a huge impact, if ever it, not something that can bring down the market or cause negativity, there's always a taker
- Will this event have a negative impact on BTC and the entire crypto market?
No, I will continue my betting strategy the market should worry if Nakamoto moves his Bitcoin and dumps it in the market.
- Are you worried and changing your investment strategy because of this event?
With a huge trading volume of around 60 - 70B USD per day, I hope if the US government really sells BTC from their budget, the price of BTC will not be affected. BTC price should naturally adjust to retest important price zones below to continue to grow stronger in the future instead of being negatively affected by a huge selling force that exceeds the market liquidity at that time.You are right about the trading volume and this is going to increase in the future and as you said if they sell the BTC amount it will be consumed by the market as well. Thanks for your words, I hope we all will receive good profit in BTC holdings. Although I am already making some but let's wait for the next ATH that BTC is going to set after halving.
I like your steadfastness in investment thinking, wish you will receive many profits with diamond hands.
don't believe the government will have a large amount of BTC, they haven't learned much about crypto and bitcoin, that's the reason they haven't legalized bitcoin until now..
Stop underestimating governments!I agree with your statement and so far it makes sense that the government has started to get into cryptocurrency and contribute to upholding justice by providing restrictions as you have mentioned. Hopefully the contribution from the government can make digital currency transactions safer and free from criminal acts.
I keep hearing this stuff and people think that the government is just some senile senators or some lunatic dictator who has no clue about technology!
Government means also the US Navy, they've developed the TOR protocol.
Government also means the NSA, they've developed sha-2, Bitcoin uses it as a hashing method for tx and blocks.
Governmental agencies have managed to take down dark markets, mixers, find stolen coins, track transactions, and issue laws and regulations, there are plenty of people working for those who have more knowledge about crypto than a lot of users here, so again, don't underestimate them.
Just because they are hostile doesn't mean they don't know how things work.
don't believe the government will have a large amount of BTC, they haven't learned much about crypto and bitcoin, that's the reason they haven't legalized bitcoin until now..
don't believe the government will have a large amount of BTC, they haven't learned much about crypto and bitcoin, that's the reason they haven't legalized bitcoin until now..
I think it's obvious that they have learned a lot already, we've seen them legalized like Bukele of El Salvador, Japan and Germany and others as well are very open minded with regards to crypto and bitcoin. And majority is still in the middle, neither accepting or rejecting it and that's why majority of us are very much enjoying it. And if I'm not mistaken, those Bitcoin being held by US government are auctions at a cheap price and that's how some early adopters grow their stash as well, buying it less than premium price.
If the US government seized bitcoins form the scammer or terrorist and tries to release those into the market, it's entirely up to them what they want to do. However, since the country has recently permitted ETF trading, it is not unusual for them to have a specific target. But as a big investor, they can have some influence in the market if they want. The government of any country strives for the overall development of their country. In that case, all the seized bitcoins must be released for the welfare of the country, not today but tomorrow. I'm not worried about that. Because we know that the amount of bitcoins is not more than the total supply of bitcoins. It is true that the demand for Bitcoin will increase over time.I don't think its possibility with US government moving the seized bitcoin from scammer or fraud activities for selling to the market, they hold for long term as evidence and never has ideas for selling it although the current bitcoin raise to the higher price. After few weeks ago US government moving bitcoin still not bigger impact with bitcoin price keep stable and not dump significant,
don't believe the government will have a large amount of BTC, they haven't learned much about crypto and bitcoin, that's the reason they haven't legalized bitcoin until now..
how make you not believe? in fact it is governments and politics that have a lot of btc supply,Exactly, they pretend not to care and don't like bitcoin, but in fact, with the money that is easy to get in the government, they also understand bitcoin and have a lot of bitcoin owned and stored in their private wallets, I believe that is because in the world of government the people in it are very intelligent people, especially those who manage state finances.
they don't know just pretend because they don't want to be embarrassed by the way they don't legalize btc,
there will be concerns if the government really sells their BTC, I can't imagine at what price they will drop BTC in the future, hopefully this will never happen because the bullrun is still in the stage
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:1. I think the US will sell. Usually, each time they move it, it's a sell-off. If they don't have this purpose, they won't move BTC.
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
They already do, its not like a new thing. They seized so much bitcoin from so many different sources and they cash them out time to time, nothing really changes. During the bear market if they sell people consider the drop in price is because they sold, the reality is that its the bear market and we drop for any reason at all, sometimes they sell at bull market and it doesn't eve nbudge downwards, why? Because we are dealing with nothing at all during bull and don't care. All in all, this doesn't really matter and it doesn't change much of us at all, we should be considering this quite normal.The US government is very strict in controlling its economy, but until now I know that the government does not limit the circulation of Bitcoin. In the US there are still many places that provide Bitcoin currency exchange. So I believe that bitcoin assets that move in very large amounts are personal or group assets that actually have very large amounts of bitcoin.
They already do, its not like a new thing. They seized so much bitcoin from so many different sources and they cash them out time to time, nothing really changes. During the bear market if they sell people consider the drop in price is because they sold, the reality is that its the bear market and we drop for any reason at all, sometimes they sell at bull market and it doesn't eve nbudge downwards, why? Because we are dealing with nothing at all during bull and don't care. All in all, this doesn't really matter and it doesn't change much of us at all, we should be considering this quite normal.The US government is very strict in controlling its economy, but until now I know that the government does not limit the circulation of Bitcoin. In the US there are still many places that provide Bitcoin currency exchange. So I believe that bitcoin assets that move in very large amounts are personal or group assets that actually have very large amounts of bitcoin.
It could be that private assets that move in large amounts do not belong to the government, because I have not found any evidence that the assets in circulation belong to the government. But for me it doesn't matter, because bitcoin owners are spread almost all over the country.The government will of course continue to allow people to speculate that it is a wallet owned by the government with no evidence to support that the wallet is his. At least Bitcoin still has very strong support, including from the government.
I don't think its possibility with US government moving the seized bitcoin from scammer or fraud activities for selling to the market, they hold for long term as evidence and never has ideas for selling it although the current bitcoin raise to the higher price.
It could be that private assets that move in large amounts do not belong to the government, because I have not found any evidence that the assets in circulation belong to the government. But for me it doesn't matter, because bitcoin owners are spread almost all over the country.The government will of course continue to allow people to speculate that it is a wallet owned by the government with no evidence to support that the wallet is his. At least Bitcoin still has very strong support, including from the government.
1. I think the US will sell. Usually, each time they move it, it's a sell-off. If they don't have this purpose, they won't move BTC.We still haven't had any updates on this issue, and it seems like that amount of BTC has not been deposited on CEXs for sale. All we have is anxiety and suspicion about the real purpose of the US government. I'm not too worried about the negative impact of their moving this BTC because we're in an uptrend, as long as we can sell crypto assets in the distribution zone before the market goes into a downtrend, the profit will still be ours.
2. 1 billion USD is also a big number. If the US sells massively in a few sessions, it's not sure if the market will absorb it completely. The BTC price may drop by 20-30%, but I think everything will soon balance out again.
3. I don't have any BTC yet. If the US sells and pushes the price down, I will also have the opportunity to buy some. Right now, focusing on waiting for the halving and then buying altcoins is also quite FOMO.
So far no one knows when the Bitcoin price will collapse again and enter a bearish season again. However, as you have said, it is currently still in an uptrend because it will be approaching the halving which will make Bitcoin rise even higher because it will be increasingly difficult to get Bitcoin, but after halving, you should remain alert because there is the potential for collapse.1. I think the US will sell. Usually, each time they move it, it's a sell-off. If they don't have this purpose, they won't move BTC.We still haven't had any updates on this issue, and it seems like that amount of BTC has not been deposited on CEXs for sale. All we have is anxiety and suspicion about the real purpose of the US government. I'm not too worried about the negative impact of their moving this BTC because we're in an uptrend, as long as we can sell crypto assets in the distribution zone before the market goes into a downtrend, the profit will still be ours.
2. 1 billion USD is also a big number. If the US sells massively in a few sessions, it's not sure if the market will absorb it completely. The BTC price may drop by 20-30%, but I think everything will soon balance out again.
3. I don't have any BTC yet. If the US sells and pushes the price down, I will also have the opportunity to buy some. Right now, focusing on waiting for the halving and then buying altcoins is also quite FOMO.
I'm not waiting for the BTC price to go down to buy, I'm still DCAing BTC with my income. I think it helps me reduce stress, especially since thanks to DCAing throughout the crypto winter, I'm still in profit even though it's not as big as those who went all-in at the bottom price.
So far no one knows when the Bitcoin price will collapse again and enter a bearish season again. However, as you have said, it is currently still in an uptrend because it will be approaching the halving which will make Bitcoin rise even higher because it will be increasingly difficult to get Bitcoin, but after halving, you should remain alert because there is the potential for collapse.History says Bitcoin makes major corrections before halving but it remains to be seen whether history will repeat itself before halving this time. The Bitcoin market is still very high which is still unpredictable to traders as a result of which there is still greed in the market and big investors are playing the market which is why we have not seen a big correction yet. Who knows, the market could suddenly repeat history and see a big correction, and traders must be prepared to avoid the unexpected.
History says Bitcoin makes major corrections before halving but it remains to be seen whether history will repeat itself before halving this time. The Bitcoin market is still very high which is still unpredictable to traders as a result of which there is still greed in the market and big investors are playing the market which is why we have not seen a big correction yet. Who knows, the market could suddenly repeat history and see a big correction, and traders must be prepared to avoid the unexpected.I think for investor need to prepare right now with huge correction few days left before or after halving, current market or bitcoin price too high right now although some people believing with bitcoin price will raise above $100k but keep sell half or few percent of assets before dropping. Market condition just take correction few percent only and seems stable with bitcoin price, I scared after halving moment all investor will sell their bitcoin during on higher price and make large correction for bitcoin after halving.
It is very difficult to understand the movement of the market, now no one knows what the next movement of the market will be. Since market movement is difficult to understand, it is important to be prepared so short-term traders should be prepared because we have yet to see a big correction after a massive uptrend. Many investors must be preparing to sell after the halving news, and the market will certainly dip because of that selloff. The market is very high right now and that makes me wonder how much the next correction will be.~~~I think for investor need to prepare right now with huge correction few days left before or after halving, current market or bitcoin price too high right now although some people believing with bitcoin price will raise above $100k but keep sell half or few percent of assets before dropping. Market condition just take correction few percent only and seems stable with bitcoin price, I scared after halving moment all investor will sell their bitcoin during on higher price and make large correction for bitcoin after halving.
Not too late for selling few percent of assets before have bad possibilities after halving with bitcoin price will going drop and disappointed later.
So far no one knows when the Bitcoin price will collapse again and enter a bearish season again. However, as you have said, it is currently still in an uptrend because it will be approaching the halving which will make Bitcoin rise even higher because it will be increasingly difficult to get Bitcoin, but after halving, you should remain alert because there is the potential for collapse.Normally, BTC peaks in the 12th or 18th month after halving, I hope this will repeat this season and we can hold BTC and altcoins until April or October 2025. In addition, I also follow many quite prestigious BTC analysis channels, their opinions in 2025 will also be worth considering when I officially plan to take profit and exit the market. At this time, no matter what big news the market has, even the most negative, they are just to legitimize the correction and create an opportunity for BTC to re-accumulate before entering the largest wave of the uptrend.
Normally, BTC peaks in the 12th or 18th month after halving, I hope this will repeat this season and we can hold BTC and altcoins until April or October 2025.
But also normally it never peaked before the halving!The new ATH before the halving has confused many analysts, but I think the cyclical nature of BTC and the crypto market will still be maintained this season, meaning that we will have an ATH in 2025 rather than in 2024. I still have expectations for the Halving because it could be the biggest narrative we have to maintain the upward trend of BTC and the fundamentals of the market.
Also, the halving effect was reduced considerable back in November the halving looked like
- from 6.25 coins worth each 30k so, $187k dollars per block
- to 3.15 coins per block, $91k per block
right now the halving will bring-
- 3.15 coins per block at $70k, so $225k per block, the actual worth of daily supply will still be bigger than the pre halving one.
~The new ATH before the halving has confused many analysts, but I think the cyclical nature of BTC and the crypto market will still be maintained this season, meaning that we will have an ATH in 2025 rather than in 2024. I still have expectations for the Halving because it could be the biggest narrative we have to maintain the upward trend of BTC and the fundamentals of the market.
I am also not a technical analyst, I only use simple indicators and tools to identify trend reversals: trendline, MACD, RSI. I hope I won't miss the opportunity to take profits at the top range.
So far no one knows when the Bitcoin price will collapse again and enter a bearish season again. However, as you have said, it is currently still in an uptrend because it will be approaching the halving which will make Bitcoin rise even higher because it will be increasingly difficult to get Bitcoin, but after halving, you should remain alert because there is the potential for collapse.History says Bitcoin makes major corrections before halving but it remains to be seen whether history will repeat itself before halving this time. The Bitcoin market is still very high which is still unpredictable to traders as a result of which there is still greed in the market and big investors are playing the market which is why we have not seen a big correction yet. Who knows, the market could suddenly repeat history and see a big correction, and traders must be prepared to avoid the unexpected.
I don't think so. Since the crypto mining is majorly shrift from overseas like China to US. Crypto market is booming. This is a huge cake that the US will not give up. It is true that the attribute of cryptos including defi and storage will have a huge impact on the financial system in the US. But I think they will figure it out.I'm not talking about the possibility of the US abandoning or cracking down on crypto. Crypto users in the US are demanding a clear legal framework, and the US government is working on that demand. What I'm talking about is the US government moving a large amount of BTC, and it could be a sign of strong selling pressure, albeit through OTC, and negatively impacting the crypto market. Many people are arguing that the market downturn this week is due to the actions of the US government.
actually , who do really care about this government selling? its their bitcoin so they can do anything towards their holdings, as if you will be caring if whales sells their bitcoin , and also how much do US government has than those whales that we should be worry if happens.
The US government recently made headlines in the crypto world by transferring 15085 BTC ~ 922M USD. This move coincided with the time BTC reached 60K USD, raising speculation about the US government's profit-taking strategy[2].(https://talkimg.com/images/2024/03/05/y6PaT.png)
The last time, in July 2023, the US government transferred 9800 BTC ~ 300M USD and then we saw an 18% decline in BTC price from 30K USD to 25K USD[3]. This time, the community is also worried even though the BTC price has reached 68.5K BTC and is approaching ATH 2021.(https://www.tradingview.com/x/6fPUXeTc/)
Personally, I believe that the US government has a reason to take profits because they do not need to prove diamond hands. Their purpose is just to effectively handle the assets confiscated from criminals. The current price of BTC is attractive enough for them to sell and add to the national budget.
actually , who do really care about this government selling? its their bitcoin so they can do anything towards their holdings, as if you will be caring if whales sells their bitcoin, and also how much do US government has than those whales that we should be worry if happens.I think many people will be interested when the news of the US government's BTC movement is widely spread on crypto news sites. Currently, the US government has just moved about 2 billion USD worth of BTC and the US government's action is said to be the reason why the BTC price has been stagnant below 70K USD in the past few weeks.
1. Apart from the US government, individuals or institutions can also sell as huge as that. Or will it sound differently since it is about the US government?1. Do you think the US government is about to sell 15,085 BTC?1. Yeah, they will sell it as usual.
2. Will this event have a negative impact on BTC and the entire crypto market?
3. Are you worried and changed your investment strategy because of this event?
2. Maybe slight impact but that will surely be consumed and added to bags of big time investors that is only waiting for opportunities in the market.
3. I am personally not worried about this because I am a long term holder.
If the US government decides to sell these assets, it means they are licking their lips by confirming that the money will be a legitimate profit for them. Confiscated money should be something that settles in the burn, not to be used unilaterally like that. Even though the regulations do not take sides in the middle, I think they must still respect the existence of many eyes monitoring every case they handle.The fact that the US government also sells this illicit BTC and adds it to the national budget. BTC is also considered a type of seized asset and there is no regulation requiring that it be burned or frozen permanently. I myself would like the US government to hold this BTC as a form of national reserve, as Gold, rather than selling it off to use the way they are wasting taxpayer money.
The US government should not be able to exchange or move these assets anywhere, except to burning wallets. Panic that occurs due to BTC transactions from large wallets often occurs, and I think the dump that occurs will not last long, it will make BTC recover again after the dump due to large-scale selling.
If the US government decides to sell these assets, it means they are licking their lips by confirming that the money will be a legitimate profit for them. Confiscated money should be something that settles in the burn, not to be used unilaterally like that. Even though the regulations do not take sides in the middle, I think they must still respect the existence of many eyes monitoring every case they handle.
The US government should not be able to exchange or move these assets anywhere, except to burning wallets. Panic that occurs due to BTC transactions from large wallets often occurs, and I think the dump that occurs will not last long, it will make BTC recover again after the dump due to large-scale selling.
If the US government decides to sell these assets, it means they are licking their lips by confirming that the money will be a legitimate profit for them. Confiscated money should be something that settles in the burn, not to be used unilaterally like that. Even though the regulations do not take sides in the middle, I think they must still respect the existence of many eyes monitoring every case they handle.The fact that the US government also sells this illicit BTC and adds it to the national budget. BTC is also considered a type of seized asset and there is no regulation requiring that it be burned or frozen permanently. I myself would like the US government to hold this BTC as a form of national reserve, as Gold, rather than selling it off to use the way they are wasting taxpayer money.
The US government should not be able to exchange or move these assets anywhere, except to burning wallets. Panic that occurs due to BTC transactions from large wallets often occurs, and I think the dump that occurs will not last long, it will make BTC recover again after the dump due to large-scale selling.
I'm not sure if there is any correlation between the drop in BTC price and the movements of BTC from the US government, but such events have an impact on the media and the psychology of crypto investors.
The US government recently made headlines in the crypto world by transferring 15085 BTC ~ 922M USD. This move coincided with the time BTC reached 60K USD, raising speculation about the US government's profit-taking strategy[2].Every time there is a Bitcoin movement related to the US, even though it feels like it's normal, it definitely gives the effect of being nervous and over-thinking what will happen afterwards. However, for now, the influence is not on excessive panic and fear, but rather on how to respond if something happens. For, the influence of the US news still really gives big influence to crypto, especially Bitcoin.
Nonetheless, the effect on the market is not that significant, sure it goes down a bit. Investors though as intelligent enough to take advantage of that situation and buy it. So even if some of us see the US government moving it and selling regardless of the price, it is not enough to put a dent on the market.It cannot be denied that there is still an influence on the market. Yes, at least, market conditions have recently experienced a slight decline, whether because of the news that continues with the sale of confiscated Bitcoins, or because of the effects of other conditions. Or a combination of several conditions. But what is certain is that the market response is not that panic, and this is very good. because perhaps most investors already understand this cycle and the possibility of manipulation to make the market down before the halving. So, the market won't drop too far because there are still many investors who strictly store their BTC without panic.
Nonetheless, the effect on the market is not that significant, sure it goes down a bit. Investors though as intelligent enough to take advantage of that situation and buy it. So even if some of us see the US government moving it and selling regardless of the price, it is not enough to put a dent on the market.It cannot be denied that there is still an influence on the market. Yes, at least, market conditions have recently experienced a slight decline, whether because of the news that continues with the sale of confiscated Bitcoins, or because of the effects of other conditions. Or a combination of several conditions. But what is certain is that the market response is not that panic, and this is very good. because perhaps most investors already understand this cycle and the possibility of manipulation to make the market down before the halving. So, the market won't drop too far because there are still many investors who strictly store their BTC without panic.
Data shows that the U.S. government often sells at localized lows in the market. Notably, in March 2023, about 10,000 BTC were sold while BTC was trading at about $21,500. This sale almost coincided with the lowest price in the local market, which fell to around 20,000$ during the SVB crash. Another significant sale of approximately 8,200 BTC occurred on July 12, 2023, with bitcoins trading at around 30,000$ USD.Interesting, I hope they will learn something from the wrong decisions during the market recovery phase and will hold BTC and sell BTC in the distribution zone in 2025.
BTC is no longer just a new asset in the financial market, BTC has been widely accepted and entered national reserves. Currently, the US holds 207,189 BTC[1] seized from criminals. At the present time, this amount of BTC is worth about 14B USD, a huge amount of money, making the US government the independent entity holding the most BTC, surpassing MicroStrategy with 193K BTC. And we can consider the US government as a big whale in the market, as each of its actions can create waves for the crypto market.So we are over 70k and the US government has most of the 200000 it had a month ago they will not hurt the price by sell some off.
The US government recently made headlines in the crypto world by transferring 15085 BTC ~ 922M USD. This move coincided with the time BTC reached 60K USD, raising speculation about the US government's profit-taking strategy[2].(https://talkimg.com/images/2024/03/05/y6PaT.png)
The last time, in July 2023, the US government transferred 9800 BTC ~ 300M USD and then we saw an 18% decline in BTC price from 30K USD to 25K USD[3]. This time, the community is also worried even though the BTC price has reached 68.5K BTC and is approaching ATH 2021.(https://www.tradingview.com/x/6fPUXeTc/)
Personally, I believe that the US government has a reason to take profits because they do not need to prove diamond hands. Their purpose is just to effectively handle the assets confiscated from criminals. The current price of BTC is attractive enough for them to sell and add to the national budget.
At the same time, I also believe that with the positivity in price fluctuations and the optimism of investor sentiment, this liquidation worth 1B USD from the US government will not cause any negative impact on the increasing momentum of BTC price as well as the crypto market. FTX sold 1B USD worth of GBTC in January[4] and Genesis is selling 1.3B USD worth of GBTC [5] also with no significant impact on BTC price. Therefore, I believe that in the context of the market being extremely excited and the daily BTC trading volume reaching up to 70B USD, the selling force of 1B USD from the US government, if any, is not worth our concern.
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
References:
[1] Countries & Governments that Own Bitcoin (https://bitcointreasuries.com/)
[2] US gov’t moved $922 million of seized Bitcoin after BTC price broke $60,000 (https://cointelegraph.com/news/u-s-gov-moves-922-million-seized-bitcoin)
[3] US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins (https://news.bitcoin.com/us-government-transfers-300-million-worth-of-seized-silk-road-bitcoins/)
[4] FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources (https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/)
[5] Genesis Cleared to Sell GBTC Shares Worth $1.3 Billion (https://www.bloomberg.com/news/articles/2024-02-14/genesis-cleared-by-court-to-sell-gbtc-shares-worth-1-3-billion)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5487581.0)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
Update 2024.04.03:
In a major cryptocurrency move, the U.S. government transferred 30,175 bitcoins (valued at around $2 billion) to a wallet associated with Coinbase.
- U.S. Government Moves $2 Billion in Bitcoin to Coinbase, Impacting Market (https://coinpaprika.com/news/u-s-government-moves-2-billion-in-bitcoin-to-coinbase-impacting-market/)
So we are over 70k and the US government has most of the 200000 it had a month ago they will not hurt the price by sell some off.
I would like to know your views on the possibility of selling 1B USD worth of BTC from the US government:Actually why should we need to be worried where Bitcoin can't control by any person or any government. There was 21 million supply and if US government hold large amount of Bitcoin even then it will not be so much regarding of the supply of Bitcoin. And Bitcoin goes its own way so I don't think I have to be worried about US government. Even if they sold and buy big amount of Bitcoin then it may make little impact on market for a certain time. But it will be back in its own way so in long run no one can control with coins so I don't have to be worried for that and it will make not single changes on my investment is strategy DCA will be go on.
- Do you think the US government is about to sell 15,085 BTC?
- Will this event have a negative impact on BTC and the entire crypto market?
- Are you worried and changed your investment strategy because of this event?
There is something I can say about the Americans, even more so about the government, is that they are not stupid, where there is money they have to be very Stupid to Sell and anyone knows that , now , if the government wants to be an enemy of Bitcoin, then they will simply sell to $20k, even $10k, but the investors who take those Bitcoins will buy Cheaper bitcoins, and that can then give a much more inflated price than is thought possible , so they are the ones who throw away or kill the goose that lays the golden eggs. , and if so, I think it is even better because a Government no longer has so many bitcoins in the world, and they have that money only Because it has been confiscated , not because it has been bought. I greatly respect Bukele's Management because he did buy didn't grab it, then it is likely that people like Bukele will buy those Bitcoins , or the largest Institutions will do so Without thinking About it, it would be a Strong market overturn, and it would cause a lot of Panic, but you have to be Prepared for all of these scenarios.
There is something I can say about the Americans, even more so about the government, is that they are not stupid, where there is money they have to be very Stupid to Sell and anyone knows that , now , if the government wants to be an enemy of Bitcoin, then they will simply sell to $20k, even $10k, but the investors who take those Bitcoins will buy Cheaper bitcoins, and that can then give a much more inflated price than is thought possible , so they are the ones who throw away or kill the goose that lays the golden eggs. , and if so, I think it is even better because a Government no longer has so many bitcoins in the world, and they have that money only Because it has been confiscated , not because it has been bought. I greatly respect Bukele's Management because he did buy didn't grab it, then it is likely that people like Bukele will buy those Bitcoins , or the largest Institutions will do so Without thinking About it, it would be a Strong market overturn, and it would cause a lot of Panic, but you have to be Prepared for all of these scenarios.
I think the US government is not after the profits on their Bitcoin, what they wanted is to just sell them off, easy as that. They want to dispose it as early as they can and clean up their hands, regardless of what the price they will sell it, doesn't matter to them.
And we can't compare them to Bukele, his government is after Bitcoin as a reserved and that's why they are making tons of profit now that the price has hit new all time high. But the best thing is yet to come as it might come to fruition that it will go at least at a conservative 6 digits.
So for the US government and it's impact on this news? slight as the market has bounce back again to $70k.
In response to the op, first, the US government moved over 15k bitcoin worth about a billion dollars, where did they move it to?, to coinbase, what is coinbase? An exchange, infact, the biggest crypto currency exchange in the US at the moment.I just want to say that the US government wants to take the opportunity to sell at the peak to get the most money for the federal budget, OK not profits as in your opinion. Billions of USD of selling pressure can have a negative impact on the market. I don't believe that the actual liquidity of the market is more than 30B USD per day, and a large part of the trading may come from trading bots. The user's demand for accumulating BTC is not billions of USD per day. This means that selling 1-2B USD worth of BTC can easily cause the price of BTC to drop by 5-10% each way, which can then trigger investor fear, burn long orders, and cause the market to fall further. This is what I'm worried about!
With the above information, we should already be certain or sure that they moved those bitcoin there to sell it, and should we be worried about this?, to me, I would say "absolutely not", because whether now or later, they are probably still going to sell the bitcoin, so, the sooner they sell it off, the better, at least, we know one whale have left the market.
But I think it's wrong to refer to the US government selling the bitcoin they seized as them taking profit, how does one take profit on something they did not buy or invest their hard earned money in? They simply are selling, I do not consider t this as taking profit because they did not buy those coins.
but What I do believe is that those who rpetend to be affected are those who wanted to shaken the market favoring them tore invest once the market dumped as how they planned this to happen.actually , who do really care about this government selling? its their bitcoin so they can do anything towards their holdings, as if you will be caring if whales sells their bitcoin, and also how much do US government has than those whales that we should be worry if happens.I think many people will be interested when the news of the US government's BTC movement is widely spread on crypto news sites. Currently, the US government has just moved about 2 billion USD worth of BTC and the US government's action is said to be the reason why the BTC price has been stagnant below 70K USD in the past few weeks.
Market liquidity is around 33 billion USD per day, but most of it can be created by arbitrage trading bots. A few billion USD worth of BTC sell-offs can affect the price and trigger panic and sell-offs by holders. That's what we're worried about.
- U.S. Government Moves $2 Billion in Bitcoin to Coinbase, Impacting Market (https://coinpaprika.com/news/u-s-government-moves-2-billion-in-bitcoin-to-coinbase-impacting-market/)
but What I do believe is that those who rpetend to be affected are those who wanted to shaken the market favoring them tore invest once the market dumped as how they planned this to happen.Indeed, the US government's move to transfer BTC will not only have an impact on the trading market but also on investor sentiment. This is what I am truly concerned about. If investors panic, we will see a sell-off and the selling pressure will not be just a few billion USD from the US government, but tens of billions of USD from companies or individual retail investors. Of course, this could be part of a market manipulation plan by the whales, who will wait for the price to drop lower to accumulate for the uptrend. The most steadfast holders who do not sell their BTC to the whales will deserve to reap big profits when the market grows.
but of course we have our own belief in this coin and this market.