Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Fivestar4everMVP on July 04, 2024, 04:28:01 PM
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Hi everyone, in the noon of today; the 4th of June, 2024, Tron founder; in the person of, Justin Sun, through his official X handle (https://x.com/justinsuntron?t=F6cj46MwYkWRB6IoHvZnuA&s=09), posted that he is willing to negotiate with the German government to buy all the bitcoins in their custody, as a way to mitigate or reduce the negative impact which the sell off has had, and still having on the market.
It might interest you to know that the German government started selling their stash of bitcoin Last month, being June, and the sell off is still going on.
So far, the german government have sold bitcoin worth over $3 billion dollar; and they seem not done yet.
This is why Justin Sun forwarded this proposal, and my question now is...
1. Is it actually right for individuals or a group of persons to buy large amount of bitcoin over the counter, as a means of maintaining market stability?
2. How will the market grow, get stronger to be able to absorb such sell offs in the future; if buying over the counter becomes a regular thing?
I personally feel that every trade should be allowed to happen in the open market no matter how large, overtime, this can help the market grow to become stronger, to be able to easily absorb such sell offs.
Remember, guys like Justin Sun won't be here forever to continue baby sitting the market, right?
(https://talkimg.com/images/2024/07/04/oTQ12.jpeg) (https://x.com/justinsuntron/status/1808828661401072092?s=19)
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It might interest you to know that the German government started selling their stash of bitcoin Last month, being June, and the sell off is still going on.
So far, the german government have sold bitcoin worth over $3 billion dollar; and they seem not done yet.
In fact, this is the total amount they supposedly have, and there is still no proof that they have sold even one BTC. Here is the topic (https://www.altcoinstalks.com/index.php?topic=322236.msg1581650#msg1581650) that I opened some time ago when the news appeared.
I personally feel that every trade should be allowed to happen in the open market no matter how large, overtime, this can help the market grow to become stronger, to be able to easily absorb such sell offs.
Remember, guys like Justin Sun won't be here forever to continue baby sitting the market, right?
Somehow, I doubt that there is too much sincerity in this move, because firstly, $3 billion is a lot of money, and secondly, if you want to make such a deal, then you will not use social networks, but you will contact directly the person who owns that BTC.
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I personally feel that every trade should be allowed to happen in the open market no matter how large, overtime, this can help the market grow to become stronger, to be able to easily absorb such sell offs.
Remember, guys like Justin Sun won't be here forever to continue baby sitting the market, right?
Somehow, I doubt that there is too much sincerity in this move, because firstly, $3 billion is a lot of money, and secondly, if you want to make such a deal, then you will not use social networks, but you will contact directly the person who owns that BTC.
Yeah, definitely a very good point, owning to the fact that alot of celebrities in different industries use social media as a way to show off, or make other people to want to imagine how wealthy they must be, I really also had this same thought in my mind when I came across that tweet.
It's just as you have said, we can't really be sure how much bitcoins the German government owns, possibly in their tens of thousands, and no one is really sure how much of this they have sold, as there is no prove of this any where yet, we only saw that they've been sending bitcoin to the exchange, how are we even sure they are the ones selling and dragging the price of bitcoin down?
Anyways, serious businesses like this are better done in the secret, I believe Justin just wants to show off, but if actually he's serious, then I see him as a very lousy person.
+1
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Marketing for the king of bs.
This dude only wants to be in the spotlight, he has no actual plan to buy any BTC from any government.
Last time: Tron (TRX) Founder Justin Sun Wants To Buy Over $1,144,000,000 in Bitcoin Held by US Government (http://Justin Sun Wants To Buy Over $1,144,000,000 in Bitcoin Held by US Government)
Spoiler: he didn't buy anything.
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Hi everyone, in the noon of today; the 4th of June, 2024, Tron founder; in the person of, Justin Sun, through his official X handle (https://x.com/justinsuntron?t=F6cj46MwYkWRB6IoHvZnuA&s=09), posted that he is willing to negotiate with the German government to buy all the bitcoins in their custody, as a way to mitigate or reduce the negative impact which the sell off has had, and still having on the market.
I heard he is a greedy person with immoral ways to make money. He tried to wash trading with TRX to manipulate the price by selling and buying it. He was also sued by authorities along with some other celebrities who didn't know at that time that, he the Justin was manipulating the price of TRX for personal gains. Speaking of buying BTC from Germany, why doesn't he buy BTC from CEXs or DEXs? I don't know but if there is any way that German authorities will sell there BTC stash for some other price means other than the CMP.
If that's the case, then they are not going to sell lower then the CMP but obviously higher or what? It's unclear to me, if they way to sell all the BTC with no issues then OTC or understand the table deals are better and they don't really affect the price of the market as well. Which is a good thing. You said it should not be happen but I think it is needed otherwise BTC market would be too volatile and I don't think with that volatility an ETF would be approved. Although I don't care if Justin buys the whole stash or these BTC will be consume by market overall, there will be temporary affect on the price of BTC only.
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1. Is it actually right for individuals or a group of persons to buy large amount of bitcoin over the counter, as a means of maintaining market stability?
2. How will the market grow, get stronger to be able to absorb such sell offs in the future; if buying over the counter becomes a regular thing?
1. I don't see anything wrong with anyone who has the money to buy Bitcoin by means negotiation. In this case we have TRX's Justin Sun as the possible buyer and the German government as the possible seller. So far as I know, this is a free world and if one has the money then he can buy anything as long as both parties can agree on terms. Now, can this be considered as market interference or manipulation? Yes, in a way but there is no law against it as far as I know...this is not like insider trading which many politicians are fond of doing.
2. That remains to be seen. Now, if the intention of Justin Sun is to stop the selloff then maybe he would be so considerate so as not to sell his Bitcoin holdings in such a way that the market will be affected negatively. He can even sell the same on the same way...via over-the-counter negotiation so as to lessen the impact on the price.
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~snip~
It's just as you have said, we can't really be sure how much bitcoins the German government owns, possibly in their tens of thousands, and no one is really sure how much of this they have sold, as there is no prove of this any where yet, we only saw that they've been sending bitcoin to the exchange, how are we even sure they are the ones selling and dragging the price of bitcoin down?
We know that it is 50 000 BTC because that is what they announced after they seized them, although it was actually a slightly different situation - because the suspects for illegal activities actually voluntarily handed it over to the German authorities.
We cannot be sure that they are responsible, but the combination of these coins with the start of Mt.Gox payouts and practically no inflows into spot ETFs have their effect on the price. This is going to be a very long summer in the northern hemisphere...
Jan 30 (Reuters) - German police have confiscated 50,000 bitcoin worth $2.17 billion in the country's 'most extensive' cryptocurrency seizure ever, it said in a statement on Tuesday.
"This is the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date," police in the city of Dresden said.
The investigation was supported by the Federal Criminal Police Office (BKA), the FBI and a Munich-based forensic IT expert company, it said. Police said ongoing investigations into commercial money laundering are directed against two suspects who ran a German piracy website until 2013.
The bitcoins were seized after the suspects voluntarily transferred them to official wallets provided by the BKA, it added.
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Rather than buying directly all the coins from the German government, why not place an order for 50 000 BTC at the current price on exchanges if he has the money? It's the same thing, someone dumps 50k someone puts a wall of 50k buy, no need for OTC deals that he will never actually do outside Twitter.
2023:
Justin Sun to FTX Rescue? TRON Founder wants to Buy Assets to Halt Market Dump
2024:
Justin Sun Offers to Buy $2 Billion in Bitcoin From Germany to 'Minimize' Market Impact
2189:
Justin Sun offers to buy all the debt of Milkyway Galaxy Federation to halt a Market Dump
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If could recall correctly I don't think there is any way to purchase all the bitcoin in the market where bitcoin total market cap is Worth trillions of dollars, which government could ever want to involved in such deal and what is the total DGP of german if not about ~$4.trillion dollars and the overall cryptocurrency marketcap is around $2.03 trillion dollars, and what risk are they putting their country GDP? Well, there may be some people who would never want to sell their bitcoin irrespective of how high the price could be they wouldn't want to sell so it is very hard to buy off all the bitcoin on the market. Maybe except I am not comprehending your post correctly.
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It would have been a good offer if he didn't do it on social media. But he is really that rich?
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1. Is it actually right for individuals or a group of persons to buy large amount of bitcoin over the counter, as a means of maintaining market stability?
No it's not right for individuals to buy large amounts of BTC from any government all at once, because this purchase will not be on the chain so it won't use the blockchain thus network and miners won't be getting any benefit from such big deals. I know a single transaction can't contribute too much to miners and networks but what if they won't be making a single transaction. It's not bad for a person to buy such a huge amount of BTC because there is no such rule but total freedom to buy as much as we want and that's the beauty of BTC.
2. How will the market grow, get stronger to be able to absorb such sell offs in the future; if buying over the counter becomes a regular thing? [/b]
Good news is required like more adoption and spreadness of the BTC if he is ready to buy BTC then the market won't be going down I think he is bluffing or trying to get attention. This was just a phase of the market that was necessary and many investors were already waiting for it to happen so they could fill their bags again.
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Snip
That guy just want to have attention of crypto users and he's not someone who may dare to purchase Bitcoin from anyone.
He just want free promotion for TRON and that's why he make such useless statements which he even can't execute in real. I can't trust someone like Justin Sun because he only speaks and never take any action.
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Marketing for the king of bs.
This dude only wants to be in the spotlight, he has no actual plan to buy any BTC from any government.
Last time: Tron (TRX) Founder Justin Sun Wants To Buy Over $1,144,000,000 in Bitcoin Held by US Government (http://Justin Sun Wants To Buy Over $1,144,000,000 in Bitcoin Held by US Government)
Spoiler: he didn't buy anything.
Poor him, if that is what he cares about to be in the spotlight of crypto news.
I can't imagine such a crab idea for someone of his caliber to do. You know that you won't buy anything and you are acting like you want to, in the end, it ends there without any single bitcoin bought. That's childish
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1. Is it actually right for individuals or a group of persons to buy large amount of bitcoin over the counter, as a means of maintaining market stability?
Trading one ton of Bitcoin OTC may be a boon as much as it is a bane. On one hand, it can bring some much-needed stability and confidence to the market, and that is awesome! But at the same time, it can create various manipulations with prices and ownership decentralization is not so great for crypto-oriented concepts. But, you know, there must be some reasons for such large purchases and it is necessary to pay more attention to the situations when such decisions are made. For instance, are they out to assist the market or rather assist themselves? That’s why we have to ensure that their actions do not harm the market; we wouldn’t want that, would we?
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I agree that this is another one of those moments that Justin just trying to put the spotlight on himself again. I might not like what's currently happening in the market but let them trade the BTC freely. No public statements and no private negotiations or agreements needed between seller and buyer.
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I agree that this is another one of those moments that Justin just trying to put the spotlight on himself again. I might not like what's currently happening in the market but let them trade the BTC freely. No public statements and no private negotiations or agreements needed between seller and buyer.
Free market, decentralized market and anyone can do it.
Justin is very smart to take advantage of every big moment so that he is always in the spotlight and this will also affect his own business.
Justin is always involved in some issues that are quite hype and he comes like a helping angel and so on.
A good self-image makes Justin survive to this day.
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If could recall correctly I don't think there is any way to purchase all the bitcoin in the market where bitcoin total market cap is Worth trillions of dollars, which government could ever want to involved in such deal and what is the total DGP of german if not about ~$4.trillion dollars and the overall cryptocurrency marketcap is around $2.03 trillion dollars, and what risk are they putting their country GDP? Well, there may be some people who would never want to sell their bitcoin irrespective of how high the price could be they wouldn't want to sell so it is very hard to buy off all the bitcoin on the market. Maybe except I am not comprehending your post correctly.
First of all, you should not take the marketcap as something that reliably shows the total value of all coins/tokens - because it is very easy to manipulate these numbers and show a value that is much higher than it actually is.
In addition, the "buy all BTC" mission is actually an impossible mission, because first of all, not everyone will sell, part of the BTC is lost, and if someone were to embark on such a crazy mission, sooner or later they would simply run out of money - such great demand would push the price to unprecedented heights.
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If could recall correctly I don't think there is any way to purchase all the bitcoin in the market where bitcoin total market cap is Worth trillions of dollars, which government could ever want to involved in such deal and what is the total DGP of german if not about ~$4.trillion dollars and the overall cryptocurrency marketcap is around $2.03 trillion dollars, and what risk are they putting their country GDP? Well, there may be some people who would never want to sell their bitcoin irrespective of how high the price could be they wouldn't want to sell so it is very hard to buy off all the bitcoin on the market. Maybe except I am not comprehending your post correctly.
The German government doesn't want to buy more!
They confiscated assets and by law, they have to sell it, Justin and others are afraid that such a huge dump in a market would trigger a panic and they want the sale OTC to protect the price!
The whole thing is ridiculous since they are actually afraid of a free market, they want a deal behind the counter to manipulate the price, and I don't understand how no one sees that this is just like a bank trying to limit a bank run imposing limits or asking people to withdraw in other banks accounts not direct cash!
For instance, are they out to assist the market or rather assist themselves?
That's not even a question! They want to "protect" something just so their finances don't get hurt!
and if someone were to embark on such a crazy mission, sooner or later they would simply run out of money - such great demand would push the price to unprecedented heights.
But if they run out of money because their buying spree has made the price go up from 60k to 6 000k, doesn't this mean they would have made on average 50x profits assuming linear growth? ::)
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Rather than buying directly all the coins from the German government, why not place an order for 50 000 BTC at the current price on exchanges if he has the money? It's the same thing, someone dumps 50k someone puts a wall of 50k buy, no need for OTC deals that he will never actually do outside Twitter.
2023:
Justin Sun to FTX Rescue? TRON Founder wants to Buy Assets to Halt Market Dump
2024:
Justin Sun Offers to Buy $2 Billion in Bitcoin From Germany to 'Minimize' Market Impact
2189:
Justin Sun offers to buy all the debt of Milkyway Galaxy Federation to halt a Market Dump
Justin Sun should be wary about doing business with governments since the SEC has a target on his back and the governments share intel with each other. I am surprised he is this brazen ;D
Anyway, if he actually buys this stuff, I wonder what he would actually do with the stash. He's definitely not holding it (as a shitcoiner), he probably moves it to some other exchange and sells it off for Tron or one of his other projects to pump it.
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Justin Sun should be wary about doing business with governments since the SEC has a target on his back and the governments share intel with each other. I am surprised he is this brazen ;D
Why? Tim Draper bought 30,000 coins, and nobody cared, hundreds of people bought coins from auctions and nobody was in trouble for that! What you're actually trying to say is that Jutsin Sun with all his wrong doings and with all his tricks to not get in trouble doing some illegalities again, like wash trading and unregistered securities as he has done before!
He's definitely not holding it (as a shitcoiner), he probably moves it to some other exchange and sells it off for Tron or one of his other projects to pump it.
What would be the point, he could use that money to pump Tron now!
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Saw this news circulating on another forum which was relevant to this topic. I thought of sharing it with the community. Germany’s Surprise $111 Million Bitcoin Buyback (https://coinedition.com/germanys-surprise-111-million-bitcoin-buyback/). It seems Germany is looking to utilize this dip to make more profit for themselves. I can vouch they will be selling those bought Bitcoin when the price goes up. Isn't hypocrisy is looking at its best.
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Justin Sun is not going to buy anything from the German government, not even a Volkswagen... That guy has always wanted to be the center of attention for many years with similar statements, using X/Twitter so that as many people as possible see it. Sometimes I have thought that his ego forces him to feel or believe himself to be "the savior of the industry", when in reality all he has done is leave Tron more dead than alive, without caring in the slightest what may happen next. Those statements from Sun are just a child asking for attention.
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Sometimes I have thought that his ego forces him to feel or believe himself to be "the savior of the industry", when in reality all he has done is leave Tron more dead than alive, without caring in the slightest what may happen next.
This is the funny part, I wonder how people who have put their money in the hype back in 2018 with Tron and haven't seen yet a profit feel when this guy is saying he will buy billions of BTC while tron itself is the one indeed of fund injections!
I wonder how long it will take for him to claim he wants to buy the MtGox coins also!
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This is the funny part, I wonder how people who have put their money in the hype back in 2018 with Tron and haven't seen yet a profit feel when this guy is saying he will buy billions of BTC while tron itself is the one indeed of fund injections!
I wonder how long it will take for him to claim he wants to buy the MtGox coins also!
What you say reinforces the idea that Justin Sun no longer has interest in Tron, maybe because he already got what he wanted to have, honestly, after so long I can't find any other explanation. But I am also sure that he will continue making statements with big headlines to continue attracting the attention of users and the media, when everyone knows that he will not do anything he says.
Sometimes I think that Sun lives in a parallel reality or something similar, while Tron investors see how their investment remains undeveloped.
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But I am also sure that he will continue making statements with big headlines to continue attracting the attention of users and the media, when everyone knows that he will not do anything he says.
I think he is more diabolical than this, he not only seeks attention but also wants an army of social media users to see him as the savior, he has seen the power of that and how it has worked in favor of a lot of guys when the law is reaching out for them and how users that made 10 cents in an airdop would defend online a 1 billion tax evasion case or even outrageous rug pulls.
All these guys with serious problems trying to find unconditional support in crypto users make some think it's no coincidence at all. Look how people are bootlicking Saylor despite the fact the guy is in only for the money, and how easy is to make them think that if somebody loves crypto they are good guys no matter what!
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Oh this Justin guy is such a clown and he has to turn everything into circus ::)
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.
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Oh this Justin guy is such a clown and he has to turn everything into circus ::)
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.
You have definitely and for sure been right alot of times, but let me say that this which you have said above is the ultimate of all, absolutely correct.
I did a transaction on Tron recently, this was like a couple of weeks ago, and the outcome (in terms of fees) was absolutely disgusting (really wish there was a better word to use to describe how bad it was), imagine selling tokens worth about $22 on a Dex on Tron network, and after the completion of the transaction, what I saw in my wallet was $7.22 usdt, the rest was taken on fees, I felt I was robbed, got really angry and sold every single tokens from different projects I held on Tron network, which of course I made a huge loss on (but at that point, that really did not bother me), I sent the proceeds to binance, then set my remaining Trx to Binance as well for selling, then I deleted my Tronlink wallet for good.
Tron used to be one of the cheapest blockchains but I don't know what happened, things changed overnight, and Justin Sun has always been an attention seeker, always looking for something to boast about, really don't like that part of him, but all the same, if that's his selling point, what can I say..
+1 btw
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That guy just want to have attention of crypto users and he's not someone who may dare to purchase Bitcoin from anyone.
He just want free promotion for TRON and that's why he make such useless statements which he even can't execute in real. I can't trust someone like Justin Sun because he only speaks and never take any action.
I think Justin SUN doesn't really need the attention from people. He is a popular man in crypto space. He can easily attract people with other ways.
Justin SUN won't promote Tron in that way. He must realize it won't bring positive impacts on Tron. If he wants to promote Tron, he must get a better idea. Tron is also not really needed to promote, people already know Tron very well. So if Justin SUN wants to buy the Bitcoin, he may try to stabilize the market condition.
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Oh this Justin guy is such a clown and he has to turn everything into circus ::)
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.
True, not the first time that we have heard from this clown, https://www.coindesk.com/markets/2020/02/06/trons-justin-sun-finally-gets-45m-dinner-with-warren-buffett/
But in any case, he is late already, the German government has almost dumped everything and I doubt that he will get his hand for even a satoshi. Down to 6 BTC holdings for the German now.
In any case, prices goes to $56,000 but doesn't matter at all, market is still very strong and another good time to buy.
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Snip
That guy just want to have attention of crypto users and he's not someone who may dare to purchase Bitcoin from anyone.
He just want free promotion for TRON and that's why he make such useless statements which he even can't execute in real. I can't trust someone like Justin Sun because he only speaks and never take any action.
If he wants free promotion, he should just buy up the entire Hamster Kombat infrastructure along with all the users and make them receive their rewards in TRX after merging the coin into some TRC-20 token.
I'm sure many people will thank him for lining their pockets with wealth /s
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Oh this Justin guy is such a clown and he has to turn everything into circus ::)
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.
Justin wants to be relevant again in the crypto world. I remember him years ago inviting Warren for a dinner so he can introduce Cryptocurrency to Warren, He's been trying to put himself in the
spotlight again.
Now he is at it again, Justin Sun is in headlines again:
Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH (https://www.mitrade.com/insights/news/live-news/article-3-256179-20240712)
Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.
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The German government has sent out its last Bitcoin today, how much did Justin buy from that lot?
I can't find any information about it.
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The German government has sent out its last Bitcoin today, how much did Justin buy from that lot?
I can't find any information about it.
There will be no information related to the money of Justin Sun to buy Bitcoin from German government. It is quite doubtful that he can buy all the Bitcoin, it requires too much money. I personally don't care about it, but it looks like to give positive impression among the investors. IMO, Justin Sun only tries to calm everyone, he doesn't really has the intention to buy all the Bitcoin.
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Oh this Justin guy is such a clown and he has to turn everything into circus ::)
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.
Justin wants to be relevant again in the crypto world. I remember him years ago inviting Warren for a dinner so he can introduce Cryptocurrency to Warren, He's been trying to put himself in the
spotlight again.
Now he is at it again, Justin Sun is in headlines again:
Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH (https://www.mitrade.com/insights/news/live-news/article-3-256179-20240712)
Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.
So the man back , what can we expect to happen in Tron these days? i know that this is out of topic but since he is the founder then there might be light towards this long sleeping coin?
back in the days when I keep my Tron on hold but since the Solana network make its way up? i transferred all my Tron to Sol and yeah if this Justin's action now to be more precise then I might consider reentering again.
The German government has sent out its last Bitcoin today, how much did Justin buy from that lot?
I can't find any information about it.
Im also looking for data but find nothing so far , hope that this comes to justin all those bitcoin in German's hand.
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The German government has sent out its last Bitcoin today, how much did Justin buy from that lot?
I can't find any information about it.
Between 0 and 0 , oh my bad, 500k coins bought by Bitcoin Budha! ;)
There will be no information related to the money of Justin Sun to buy Bitcoin from German government.
The BKA (Federal police) mucha s US Marschals have mandated these guys : https://cumberland.io to do the bidding for the.
It's a licensed company in the EU for both custodial, OTC deals, trade for partners and so on.
If Justing Sun had wanted to buy the coins he could have made one google search and contacted the guys, offered them a OTC deal and be done with, not endlessly tweet about the German government when actually the government has no say in this at all by German laws!
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This is commendable effort by Justin Sun to reduce the market sells pressure as withness during the MTGox exchange sell off some week ego. I think this is a good gesture and should be welcome by the entire crypto community.
As for the Btc sells by the German government, it very obvious that the market has absorbed this pressure and we have got to move on.
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Why doesn't Justin Sun be so kind and asks to buy all MtGox Bitcoin? 8)
I heard they just sent a bunch of Bitcoin to Kraken exchange and this is going to start selling in next few weeks.
Go and save the day for everyone mister Sun :P
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I wish that this was possible and was done, we could have done something that would have been a lot better for the market. This isn't to mean that we are talking about something that will not be all that hard, nor easy. We would have just seen Justin buy them all, and the price wouldn't have gone this much down, and the market would have been so much higher. All Germans would have to do would be dealing with OTC market. I mean that was the call anyway, everyone kept on saying they should use OTC instead of selling on the market, and yet they still declined and did the most moronic way that is possible, such an ungerman situation.
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I wish that this was possible and was done, we could have done something that would have been a lot better for the market. This isn't to mean that we are talking about something that will not be all that hard, nor easy. We would have just seen Justin buy them all, and the price wouldn't have gone this much down, and the market would have been so much higher. All Germans would have to do would be dealing with OTC market. I mean that was the call anyway, everyone kept on saying they should use OTC instead of selling on the market, and yet they still declined and did the most moronic way that is possible, such an ungerman situation.
They have sold and moved on to another chapter which is now a thing of the past. The next bag that is disturbing the market is the Mt.gox, if Justin Sun wasn't chasing clout, there were some wallet movements and rumors about distribution coming soon, this is the perfect time for him for him to buy this and I'm very sure that if that OTC goes well, not only the Bitcoin price will grow well but his Tron will be bullish because they will think their ecosystem has bag some more Bitcoin for the growth of Tron ecosystem.
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Why doesn't Justin Sun be so kind and asks to buy all MtGox Bitcoin? 8)
I heard they just sent a bunch of Bitcoin to Kraken exchange and this is going to start selling in next few weeks.
Go and save the day for everyone mister Sun :P
Lols. Mister Sun should save the day for everyone than having bitcoin dump for the second time in few weeks when MtGox sells their bitcoin.
As poor as he is, he won't buy a single one anyway, he should just be pissed off than try to bring himself into the crypto spotlight when you have nothing to offer to save bitcoin from dumping again
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Is it possible that Justin has special ties to the German government so he can issue BTC off-market safely??? Every big movement is always filled with suspicion, even though many people say it's impossible... but believe me there is a small percentage of the possibility that it still exists... people in this world have a lot of fraud going on, especially at the government level... I myself don't judging the German government, but governments all over the world are in the majority..
If the aim is not to have a major impact on the market, then can these negotiations convince us that nothing is being covered up?
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This is commendable effort by Justin Sun to reduce the market sells pressure as withness during the MTGox exchange sell off some week ego. I think this is a good gesture and should be welcome by the entire crypto community.
You know what they say about selling your would to the devil for two gold coins, right?
We really need to stop worshipping someone who has no interest in BTC success as the savior when one is not needed in the first place and second when he does not intend to be a savior at all.
It's a bit ironic to have idols and people acting as leaders in a decentralized system, not to mention the whole free unrestricted and permissionless economy.
Is it possible that Justin has special ties to the German government so he can issue BTC off-market safely???
Zero to nada, and again those coins were in the possession of the BAK, the federal police, do you see a guy who has renounced all citizenships and taken a Grenada one to hide all his dealing starting to talk with a federal police? Common!
Escobar coming to a FBI auction to buy his coke smuggling submarine would be just as realistic!
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The German government has sent out its last Bitcoin today, how much did Justin buy from that lot?
I can't find any information about it.
I wish he got some from that government holdings because I know how how happy we are when we successfully achieve something we wanted just like a kid but this time it's Bitcoin and having much of it is awesome it makes us great. But yeah the only question is that did he made it to get a portion of that pie? If yes, then that would be great I am happy for him.
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The German government has sent out its last Bitcoin today, how much did Justin buy from that lot?
I can't find any information about it.
I wish he got some from that government holdings because I know how how happy we are when we successfully achieve something we wanted just like a kid but this time it's Bitcoin and having much of it is awesome it makes us great. But yeah the only question is that did he made it to get a portion of that pie? If yes, then that would be great I am happy for him.
Lols, what are you saying bud, there was never a way Justin was even ready to buy those bitcoins from the German government, he was simply clout chasing through that tweet and that's all.
And besides, if actually he was serious and later got the bitcoin from the government, what's there to be happy for him about? Not like the government was going to give him the bitcoins for free, he was simply going to buy them; and at official market price as well, it's exactly the same thing as if he had bought that Bitcoins in the market.
This is to tell you that ; assuming he later got the bitcoins from the German government, it's nothing to celebrate, he simply bought more bitcoins to add to his stash and that's all, it's nothing special.
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I wish he got some from that government holdings because I know how how happy we are when we successfully achieve something we wanted just like a kid but this time it's Bitcoin and having much of it is awesome it makes us great. But yeah the only question is that did he made it to get a portion of that pie? If yes, then that would be great I am happy for him.
Seems you don't know much how dirty Justin Sun is in the crypto, there was a time when Binance listed one coin in invasion zone, this was before CZ went to prison. Binance made an announcement for people to deposit Busd and BNB in order to farm the coin only for Justin Sun to deposit millions of Busd and it causes big commotion in the crypto space. He was warned and he had to withdraw the Busd from Binance to keep things on silent at that time.
Assuming he had all those Bitcoin, what is he going to later with such number of Bitcoin, it's more like centralization of Bitcoin but since the government has sold everything on the market and it's evenly distributed to different buyers, that chapter is now close.
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Regarding Cointelegraph update, The German government holding around 49,858 BTC but recently have sold out and seems not worry about what the FUD make by them. Bitcoin have recovery to $66k since FUD published by Germany government and right now after their bitcoin holding sold out easily for recovering to higher price and near future we can see the ATH possibility of bitcoin price.
Justin Sun not have to buy all bitcoin holding by Germany government after their bitcoin assets sold out, now the dark era when government easily make FUD or bad news have been over and we can't see in the future with Germany government make bad news anymore.
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Now cointelegraph is speculating that UK government is going to sell all their 61,245 Bitcoin holding following the example of Germany.
If that really happens than we can say this was coordinated selling of Bitcoin that was ordered by someone, and this won't stop just by this two countries.
Surprising that most of this coins got purchased by Blackrock... and they are certainly not the good guys.
https://cointelegraph.com/news/uk-labour-government-liquidate-bitcoin-holdings
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Regarding Cointelegraph update, The German government holding around 49,858 BTC but recently have sold out and seems not worry about what the FUD make by them.
Sorry but what FUD do the german government does? they have sold their bitcoin so how come that this is a FUD?
and also why do they care about anything when everyone does not care when they purchase their bitcoin with risk?
don't you realized how much they ctually earned from selling these bitcoins in this price?
Bitcoin have recovery to $66k since FUD published by Germany government and right now after their bitcoin holding sold out easily for recovering to higher price and near future we can see the ATH possibility of bitcoin price.
keep calling fun when they are actually acted with manner selling their coins.
Justin Sun not have to buy all bitcoin holding by Germany government after their bitcoin assets sold out, now the dark era when government easily make FUD or bad news have been over and we can't see in the future with Germany government make bad news anymore.
for me this is actually a good thing that they have sold the government holding so now its individuals to have them safe in their pockets .
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Now cointelegraph is speculating that UK government is going to sell all their 61,245 Bitcoin holding following the example of Germany.
If that really happens than we can say this was coordinated selling of Bitcoin that was ordered by someone, and this won't stop just by this two countries.
Surprising that most of this coins got purchased by Blackrock... and they are certainly not the good guys.
Following the event with the German government, the price of BTC has recovered to above $65K. This makes me no longer worry about the many FUDs in this market because the market ability to absorb BTC at this time is very good, enough to support BTC price.
I think governments should be more careful when making decisions related to global assets like BTC: selling is very easy, but accumulating is more difficult and time-consuming. If possible, I think Sun can take the initiative to buy back BTC from the British government to "save" this market ^^
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Regarding Cointelegraph update, The German government holding around 49,858 BTC but recently have sold out and seems not worry about what the FUD make by them.
Sorry but what FUD do the german government does? they have sold their bitcoin so how come that this is a FUD?
People have lately been labeling everything that they don't like as FUD!
Were Bitcoin fees high? FUD!
Was Bitcoin down 10K from ATH? FUD!
Are MtGox coins being distributed? FUD!
Nowadays anything that can even a bit hurt the price is labeled as FUD, these are some serious issues with denying reality.
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People have lately been labeling everything that they don't like as FUD!
Were Bitcoin fees high? FUD!
Was Bitcoin down 10K from ATH? FUD!
Are MtGox coins being distributed? FUD!
Nowadays anything that can even a bit hurt the price is labeled as FUD, these are some serious issues with denying reality.
It became the minds of people who panicked too much, and they made all the news as FUD that would destroy the market.
Even though they don't know in detail what happens to the market when the Fees are too high, when Bitcoin drops drastically or when MtGox makes a distribution.
People are too weak to sell when a little bit of bad news comes up,
But when the good news comes out, they are also too FOMO and label all the positive news as FOMO.
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But when the good news comes out, they are also too FOMO and label all the positive news as FOMO.
I remember when there was that fake announcement about Walmart accepting Litecoin, despite even the representative of the company denying it people kept on cheering the price went up by 20% and only fell back in a matter of days but still above the initial. Even funnier a lot of other coins also gained, people were simply buying into the hype like it was the last day.
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I remember when there was that fake announcement about Walmart accepting Litecoin, despite even the representative of the company denying it people kept on cheering the price went up by 20% and only fell back in a matter of days but still above the initial. Even funnier a lot of other coins also gained, people were simply buying into the hype like it was the last day.
It was indeed a hoax that was quite interesting at the time, and some people who were too hyped just believed it.
About Walmart is not a rumor about the acceptance of Litecoin alone but also Bitcoin.
and you certainly remember Tesla accepting Bitcoin at the beginning which made a pretty incredible wave of hype, but in the end Tesla also sold its Bitcoin holdings This became a pretty sad dump moment for those who overbelieved in positive news that was only temporary.
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For now, the price of Bitcoin has relatively risen after the end of the sale and there is also some other good news. We're just waiting for a response when MT Gox starts transferring their Bitcoin to holders. I don't think this will go very badly. The market has experienced this and it's back to above $60 pretty quickly. Yes, we are in an era where the crypto market is in the middle position, not bearish, but it can't be said to be bullish. So, the market will indeed be much more volatile.
It was indeed a hoax that was quite interesting at the time, and some people who were too hyped just believed it.
About Walmart is not a rumor about the acceptance of Litecoin alone but also Bitcoin.
In fact, in 2021, there has been clarification regarding fake news which reported that Wallmart received the payments directly. Even though it's called news, the ethic is related to things that are being hyped, it's like you don't really care about them and instead you focus more and believe in what is fake news. That's it.
Source: https://www.bbc.com/news/technology-58545944
And as time goes by, this news is growing again. Yes, this news is still ongoing. But in reality, Walmart does not accept payments directly in crypto. However, we can buy Walmart gift cards using Bitcoin, this also has to go through other third services, namely Gyft or Bitrefill.
Source: https://materialbitcoin.com/en/blog/who-accepts-bitcoin/
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It was indeed a hoax that was quite interesting at the time, and some people who were too hyped just believed it.
About Walmart is not a rumor about the acceptance of Litecoin alone but also Bitcoin.
In fact, in 2021, there has been clarification regarding fake news which reported that Wallmart received the payments directly. Even though it's called news, the ethic is related to things that are being hyped, it's like you don't really care about them and instead you focus more and believe in what is fake news. That's it.
Source: https://www.bbc.com/news/technology-58545944
It's scary the fact that crypto people have selective hearing/reading lol on what news they want to believe in. That's why FUD and FOMO is a thing in this space.
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For now, the price of Bitcoin has relatively risen after the end of the sale and there is also some other good news. We're just waiting for a response when MT Gox starts transferring their Bitcoin to holders. I don't think this will go very badly. The market has experienced this and it's back to above $60 pretty quickly. Yes, we are in an era where the crypto market is in the middle position, not bearish, but it can't be said to be bullish. So, the market will indeed be much more volatile.
So MT Gox still not starts transfer their bitcoin o the holders? have been long time and recently any rumor will transfer on the early of July but almost one week left for this month not any update news yet possibility refund of transfer to the holder of their user MT Gox.
The German government news over after all their bitcoin sold and not bad news come from MT Gox only has potential make many people panic although moving the bitcoin assets to other wallet without have decision transfers to their member have waiting almost ten years.
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It's scary the fact that crypto people have selective hearing/reading lol on what news they want to believe in. That's why FUD and FOMO is a thing in this space.
This can be called a Fundamental, as any news related to crypto will affect the market.
FUD and FOMO have become the most awaited moment, the moment to sell with more profit or buy at a lower price.