Are you worried about the US Government moving BTC?

[Lucius]

~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? If the US were to put crypto mining on some sort of blacklist, do you think other countries wouldn't follow that example? There are also political-environmental groups in the EU that consider crypto mining bad, so we can't count on hospitality there - and besides, electricity is quite expensive in that part of the world.

China is out of the question, and probably neither is Russia, given that they are practically at war with half the world.

[KryptoBull]

1. Yeah, they will sell it as usual.
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.

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.

The good liquidity of the market at this time is probably enough to absorb that selling pressure easily, many investors are also waiting for the market to adjust to accumulate more BTC for their portfolio. If the US government doesn't want to hold BTC, other diamond hands will hold!

[armanda90]

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.
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.

[Stompix]

~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

Even if it's not about the laws, it's a problem with capacity!
You can have Buekele brag about mining how much he wants but all of the potential capacity of energy in Salvador even if used only for Bitcoin mining will be just a drop in the bucket.

If the US chases miners away in another way (the tax won't) there are 3 possible destination with energy to spare
Russia, Canada, Brazil.
-Russia is how it is and no way companies listed on the Nasdaq would move there
-Canada will probably follow the US decision in a heartbeat
-which leaves Brazil, with the mention that a lot of that extra power comes in cycles, so...

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.

Bitcoin is PoW not PoS, holding 40% or 60% of coins makes no difference.

[UNIVERSE]

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.
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.

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.

However, it cannot be denied that various news from this country often has an impact on the market. FUD or positive news from them can make many people feel panicked about doing something. Yes, because they do have power, and they actually have that much.

So, actually it's not that surprising anymore. As long as we are able to mentally manage various bad things, and if most people can handle it without panicking easily, it actually won't have much of an impact. However, it might be different when the big holders do something for a more significant cause.

[Primo1760]

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?

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.

[Cryptsafe]

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?

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.

Selling such volume of Bitcoin at the same time would definitely have impact on the Crypto market causing panic and price drop but this I believe would only be on a temporary basis. It will definitely bounce back with full force to a new all time high.

Truly the market is down as a result of their actions but it does not really bothers me as I already know how it works on Crypto space. So what is currently going on now is a price corrections I would see it as. Holding now is the only best option to ignore a panic and rush to sell your assets.

[Marlboro]

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..

[robelneo]

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?

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

• Will this event have a negative impact on BTC and the entire crypto market?

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

• Are you worried and changing your investment strategy because of this event?

No, I will continue my betting strategy the market should worry if Nakamoto moves his Bitcoin and dumps it in the market.

[Faisal2202]

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.

I like your steadfastness in investment thinking, wish you will receive many profits with diamond hands.

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.

All I am praying is, no bad news come that would disrupts this bullish trend, as market don't remain the same all time, if its bullish then a time will come it will be bearish and no one will even notice at first. As things in crypto happen so fast.

[Stompix]

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 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.

[Google+]

Stop underestimating governments!
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.

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.

[Jating]

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.

[Rubel007]

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.

[therozaq]

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 bitcoin is auctioned at a ruby ​​price it will have a bad impact on the bitcoin market, although to be honest I don't care about the government that owns or auctions the bitcoin they own, but we as bitcoin holders also have to think about this if it has a bad effect on the crypto market .