I would like to know your opinion on this issue:1. I was also worried when I saw the sharp decline in BTC price recently, and the German government's sell-off of BTC was accused of being the cause of the panic in the market.
- Are you worried about the German government selling off 50K BTC?
- What positive perspective do you have about this event?
- Are you holding BTC despite the negative news that has been going on in the market for the past several months?
I blamed the German government for dumping BTC, causing a negative impact on the crypto market. It's even more annoying that this action was not really wise when the new uptrend was just starting and BTC had not reached a price worth selling. However, recent information shows that this BTC sale was conducted by a small state in Germany called Saxony and they were forced to liquidate this 50K BTC according to regulations after confiscating it from criminals in January.
I would like to know your opinion on this issue:
1. Are you worried about the German government selling off 50K BTC?
2. What positive perspective do you have about this event?[/li][/list]
3. Are you holding BTC despite the negative news that has been going on in the market for the past several months?
I will only sell my little Bitcoin when the price will reach either $150K or better yet $200K ad I am hoping that in 2025 that goal can be accomplished. We are seeing that the Bitcoin market is just like looking at a glass half empty or half-full...take your pick and make sure to smile as you are drinking your water.That's an ambitious goal. Do you have no plans to sell some after you gain 25% of profit from your initial entry, 30%, and so on? My experience with setting such a huge goal ended up in disappointment since I missed the timing to acquire some profits due to my stubbornness. Best of luck to you though.
The German government is now left with just 3856 Bitcoin according to this article (https://cointelegraph.com/news/bitcoin-bottom-german-gov-t-bitcoin). This mean that we will not see more price bottom of Bitcoin. I do not think we should now think about the German government anymore.Bad news: The German government has dumped almost all of its 50K BTC, negatively impacting the market.
I would like to know your opinion on this issue:1. No and if you're into crypto for a long time, this kind of scenario isn't the one that I will be worrying about. I've seen events that had far worse effect than what the German government did in the past. Newbies might see this as a negative one, but those who've been in crypto for a long time sees this is as an opportunity.
- Are you worried about the German government selling off 50K BTC?
- What positive perspective do you have about this event?
- Are you holding BTC despite the negative news that has been going on in the market for the past several months?
The most important thing is that you take good advantage of the situation at hand, the price of Bitcoin really dipped and it is the best time to accumulate more,Right, the moment bitcoin dumps and stop at a certain point on 54k~ish was actually the good time, i already mentioned it on one of the threads that its a temporary dump because of FOMO people thinking.
The most important thing is that you take good advantage of the situation at hand, the price of Bitcoin really dipped and it is the best time to accumulate more,Right, the moment bitcoin dumps and stop at a certain point on 54k~ish was actually the good time, i already mentioned it on one of the threads that its a temporary dump because of FOMO people thinking.
I thanked germany on bitcointalk for selling their coin as it dropped prices enough to let me add a good amount of btc.
heres hoping mount gox drops price back into the 50k range i will buy more btc if that happens.
Sure mate, those who know their market and season will eventually take good advantage of the opportunity provided by the German government. When Bitcoin price experiences a great/drastic dump panicking is just an attribute of a newbie who might not have enough experience to understand what to do next, and the only thing he thinks of is to sell his coins so he don't run at loss. Even if he had left his coins and the price gets back to where it was we wouldn't be lossing anything, the only difference is that for an experienced trader, he'll use that opportunity a d the money he got from selling to buy more at the dip and that will aid more profits.The German government needs to sell this number of BTC according to the regulations on the liquidation of assets confiscated from criminals, it seems that they have no other choice. But the way they quietly move and sell BTC has caused concern in the community, especially when they do not understand what the purpose of the German government is in this sell-off.
I thanked germany on bitcointalk for selling their coin as it dropped prices enough to let me add a good amount of btc.
heres hoping mount gox drops price back into the 50k range i will buy more btc if that happens.
Anyway, the German government no longer has BTC to worry us, their BTC has been absorbed and we see a recovery in the BTC price this week. Investors who were able to buy BTC in the cheap zone below 60K USD were really lucky and deserved to enjoy the profits from their faith and determination.
Anyway, the German government no longer has BTC to worry us, their BTC has been absorbed and we see a recovery in the BTC price this week. Investors who were able to buy BTC in the cheap zone below 60K USD were really lucky and deserved to enjoy the profits from their faith and determination.Yes, I heard that German government has successfully sold all their Bitcoin few days ago. It means they have no longer the Bitcoin now, all the Bitcoin has been sold to the market. Because of this, we have no reason to feel worried again about the issue of German government to dump Bitcoin price. Now, we only have the issue about MT Gox, but I think everyone understands the situation. Since the market looks raises, it indicates that everyone no longer panic although we still have bad news related to MTX Gox.
Germany did us all a favor. Kept price down a bit allowing us to buy some lower cost coin.
Germany did us all a favor. Kept price down a bit allowing us to buy some lower cost coin. Mt. Gox is next I would guess 40k of the 134k coins will sell which will allow more lower priced btc. After that market forces will drive prices up past 75k then a sell off to 59-62 k. Then the nov election trumps wins and 90k in Dec.
Should be fun.
The recent drop in BTC prices to the 53K USD range has caused many investors to worry, and even the market sentiment index has been pulled back to 25 - extreme fear [1]. Many factors have been mentioned, the first being the event of Mt.Gox starting to pay BTC and BCH to users [2], but its impact is still very difficult to assess and quantify. The second factor is the event of the German government selling tens of thousands of BTC [3].You are right, it's hard to assess, either it was Germany or MT gox that really triggered the market I think they both play an important role. People were already expecting the distribution from Mt Gox so most of them might already have assessed the situation and made some buying and selling plans so that's why they were cool with it. I am saying this because MT Gox is still distributing but the market is not dumping as it dumped when the sudden news from Germany selling came out.
I was worried to see the market in red color haha but was not really worried because I knew the market will recover. I would say if they sold all of there BTC on CEX rather then via OTC (which you mentioned hey did but I doubt that). Then all of this BTC can be bought by the public and this way big organizations like BlackRock won't have a pile of BTC but still they bought this dump. Yes I am holding my funds till now.
- Are you worried about the German government selling off 50K BTC?
- What positive perspective do you have about this event?
- Are you holding BTC despite the negative news that has been going on in the market for the past several months?
Yes so I noticed the price has been so resistant to news even as they keep selling bitcoin the price never dump massively instead it went the other ways I believe seeing 66k towards this evening can actually makes it climb to 70k before Sunday or Monday morning. Mtgox and the German news seems to be an aid to help rebounce back the price so easily.Germany did us all a favor. Kept price down a bit allowing us to buy some lower cost coin.
It seems to me that the recent dump of BTC and alts was mainly due to the news about mtgox. By the way, the German government started selling BTCs in mid-June, and although the BTC price reacted negatively to it, but not as much as to the news about mtgox at the beginning of July.
German government now are really that having that huge regret considering that the price had made out some recovery after they have sold out their coins which they've saw for sureYes so I noticed the price has been so resistant to news even as they keep selling bitcoin the price never dump massively instead it went the other ways I believe seeing 66k towards this evening can actually makes it climb to 70k before Sunday or Monday morning. Mtgox and the German news seems to be an aid to help rebounce back the price so easily.Germany did us all a favor. Kept price down a bit allowing us to buy some lower cost coin.
It seems to me that the recent dump of BTC and alts was mainly due to the news about mtgox. By the way, the German government started selling BTCs in mid-June, and although the BTC price reacted negatively to it, but not as much as to the news about mtgox at the beginning of July.
German government now are really that having that huge regret considering that the price had made out some recovery after they have sold out their coins which they've saw for sureYes so I noticed the price has been so resistant to news even as they keep selling bitcoin the price never dump massively instead it went the other ways I believe seeing 66k towards this evening can actually makes it climb to 70k before Sunday or Monday morning. Mtgox and the German news seems to be an aid to help rebounce back the price so easily.Germany did us all a favor. Kept price down a bit allowing us to buy some lower cost coin.
It seems to me that the recent dump of BTC and alts was mainly due to the news about mtgox. By the way, the German government started selling BTCs in mid-June, and although the BTC price reacted negatively to it, but not as much as to the news about mtgox at the beginning of July.
that the market cant really just that make out that huge dump even if they would really be selling their bags. We do know that when it comes to news or sentiments then its not something that it will really be giving out that sure effect whether positive or negative towards the value or price. Its not something that would be a guarantee but if you are someones who do love on sticking with FA then it would really be your choice whether you do get in line with that analysis or not.
Germany was done dumping all of those Bitcoins, the price didn't reflected negatively but instead it went up. I wasn't worried at all looking at such dumps. Microstrategy can even dump theirs and many will definitely panic but that's more worrying when they're known to hold a lot of Bitcoins. But I don't think that they'd be able to dump that all at once because if they'd do it, they'll do it in batches. That's just an example on which to worry with.Perhaps before the halving, this would have a much more significant effect on the price of Bitcoin. Miners are now mining a smaller amount of Bitcoin and the new amount put back into circulation is a good thing
Germany was done dumping all of those Bitcoins, the price didn't reflected negatively but instead it went up. I wasn't worried at all looking at such dumps. Microstrategy can even dump theirs and many will definitely panic but that's more worrying when they're known to hold a lot of Bitcoins. But I don't think that they'd be able to dump that all at once because if they'd do it, they'll do it in batches. That's just an example on which to worry with.How can you say the price did not reflect negatively did you not notice the price went as low as $54,000. No doubt it went up after Germany was done selling all of their Bitcoins. But when the news came out and when they started selling, the market reflected to the news and people also panicked about selling. Mt Gox selling has also caused a good dump but Most of the community thinks that the selling of BTC by Germany has caused BTC a big dump.
How can you say the price did not reflect negatively did you not notice the price went as low as $54,000. No doubt it went up after Germany was done selling all of their Bitcoins. But when the news came out and when they started selling, the market reflected to the news and people also panicked about selling. Mt Gox selling has also caused a good dump but Most of the community thinks that the selling of BTC by Germany has caused BTC a big dump.I agree that while the German government's BTC sell-off did not cause the price to plummet below 40K USD, it did bring the price back down to 53K USD in just one week. This is even scarier than the Mt.Gox BTC payout to users. After all, this event also shows us that when someone sells tens of thousands of BTC, the market can still absorb it all to support the BTC price.
MicroStrategy won't be dumping all of their BTC I heard some rumors about them getting into their own Forked BTC, so they need real BTC to fork another one if these rumors are true. Why would they dump while their business depends on it now, people are buying shares of these fake bitcoins pegged to real bitcoins, if they will dump real ones why would people consider buying these shares in the first place.
Germany was done dumping all of those Bitcoins, the price didn't reflected negatively but instead it went up. I wasn't worried at all looking at such dumps. Microstrategy can even dump theirs and many will definitely panic but that's more worrying when they're known to hold a lot of Bitcoins. But I don't think that they'd be able to dump that all at once because if they'd do it, they'll do it in batches. That's just an example on which to worry with.
Germany was done dumping all of those Bitcoins, the price didn't reflected negatively but instead it went up. I wasn't worried at all looking at such dumps. Microstrategy can even dump theirs and many will definitely panic but that's more worrying when they're known to hold a lot of Bitcoins. But I don't think that they'd be able to dump that all at once because if they'd do it, they'll do it in batches. That's just an example on which to worry with.Germany has sold the Bitcoin, it is reported Germany missed $124M profits. Bitcoin was dropping below $60k but it is already above $65k again. Germany cannot drop the price again because the Bitcoin has been sold already. We shouldn't be worried again with Bitcoin owned by Germany. What we must worry is the Bitcoin to be transferred by MT Gox to their creditors. If they transfer the big number of Bitcoin, it may drop the price significantly when the creditors immediately sell all the Bitcoin to the market. Regarding Microstrategy, I don't see any reason that they will dump the price. Is there a bad issue from Microstrategy currently?
What we must worry is the Bitcoin to be transferred by MT Gox to their creditors. If they transfer the big number of Bitcoin, it may drop the price significantly when the creditors immediately sell all the Bitcoin to the market. Regarding Microstrategy, I don't see any reason that they will dump the price. Is there a bad issue from Microstrategy currently?We can imagine the same scenario if several Mt.Gox creditors sell bitcoin simultaneously at around that amount. If Mt. Gox must refund 141k Bitcoins to 24k creditors evenly so the figure will be around 5k bitcoins per person.
We can imagine the same scenario if several Mt.Gox creditors sell bitcoin simultaneously at around that amount. If Mt. Gox must refund 141k Bitcoins to 24k creditors evenly so the figure will be around 5k bitcoins per person.You are right, it is around 5k per person (5.8k). It is a big number of Bitcoin, someone can be rich suddenly with 5.8k Bitcoin. If they sell the Bitcoin at the current price, it will be around 385,120 USD (5.8 x 66,400). It is a big amount of money, I even never have that amount of money. :D
We can be sure that they will definitely not sell all at once, but with a thorough plan, especially because they want to minimize expenditure on taxes. The selling action will not be as aggressive as the German government.
I guess, those who were few weeks worried about the Germans selling their bitcoin are done worrying about it again, as the sale is over and bitcoin price is on the uptrend movement.
This is just how the negative news about bitcoin doesn't last for so long before the market begins to react positively to bitcoin price. This is the reason why, I don't get myself worried about whatever negative news I hear about bitcoin, because for sure, the negative news would pass away, and it will be like nothing happened to the bitcoin price
As I predicted, there was no aggressive selling (although we don't know if there were thousands of limit/SL orders, lol).~You are right, it is around 5k per person (5.8k).
The selling action will not be as aggressive as the German government.
Mt. Gox creditors received #Bitcoin 4 hours ago.https://x.com/i/status/1815871183549604051
There has been no significant spike in hourly spot trading volume dominance or $BTC outflows on Kraken since then.
We need to wait for the Asian time zone, but it's a positive sign so far.
It's over now, so I guess there are people who not comfortable when the price goes down hard and panic sells. But for those who didn't move a eyelash when the price goes to $54k, then that is the sign of a diamond hand.I also think that those who rushed to sell BTC below 60K USD are worried because they might not have another chance to buy BTC at a similar price, meaning their BTC holdings will decrease if they buy right now. The news about the German government's BTC sell-off could be a big FUD to make weak-handed investors let go of BTC and other tokens in the market.
But for those who sold, then let this be a very expensive lessons for them to learn. Don't worry about this kind of price movement, this could be just normal as well in the bull market. So might see this challenges and not be comfortable, but in the end, everything will settled down and recovery on the way. Just like what we are now seeing in the market, next target is $70k and no one will remember that German dump in the market in the next coming months.
It's over now, so I guess there are people who not comfortable when the price goes down hard and panic sells. But for those who didn't move a eyelash when the price goes to $54k, then that is the sign of a diamond hand.I also think that those who rushed to sell BTC below 60K USD are worried because they might not have another chance to buy BTC at a similar price, meaning their BTC holdings will decrease if they buy right now. The news about the German government's BTC sell-off could be a big FUD to make weak-handed investors let go of BTC and other tokens in the market.
But for those who sold, then let this be a very expensive lessons for them to learn. Don't worry about this kind of price movement, this could be just normal as well in the bull market. So might see this challenges and not be comfortable, but in the end, everything will settled down and recovery on the way. Just like what we are now seeing in the market, next target is $70k and no one will remember that German dump in the market in the next coming months.
I think we will soon face another FUD related to Mt.Gox when their users start receiving BTC from 10 years ago. I hope they are diamond hands and are ready to hold BTC to target in this uptrend!
I think the same. With you there will be no more BTC price drops to 50k $ later there will always be a slow but sure increase so I think those who have sold their BTC will feel at a loss, especially if they bought when BTC was at 40-49k $ there will only be regretToday, after Trump's speech at the BTC conference, BTC price has approached 70K USD. I seem to hear the cries of investors who sold at 53K USD. If they sold to exit the market, they would no longer care about crypto, but if they just wanted to optimize the number of BTC and altcoins in their account, they probably made a mistake and lost many tokens if they bought back right now.
Today, after Trump's speech at the BTC conference, BTC price has approached 70K USD. I seem to hear the cries of investors who sold at 53K USD. If they sold to exit the market, they would no longer care about crypto, but if they just wanted to optimize the number of BTC and altcoins in their account, they probably made a mistake and lost many tokens if they bought back right now.I don't think that a real holder have sold his holding on the 53k price. Those peoples can do sell who are new and day traders and also those who are the panic seller. The real bitcoiner used that situation for more adaption. I have also got have bitcoin in my wallet on 56k.
I don't think that a real holder have sold his holding on the 53k price. Those peoples can do sell who are new and day traders and also those who are the panic seller. The real bitcoiner used that situation for more adaption. I have also got have bitcoin in my wallet on 56k.This concern might stem from the Chinese government continuously lowering interest rates. We can see that each news piece creates two opposing viewpoints: the first being optimistic because lower interest rates can provide the economy with more operational funds and money will also flow into financial markets, driving asset price increases. The second is pessimistic because they fear that something terrible is about to happen due to the Chinese government's hasty actions.
Anyway talking about the german government selling bitcoin that can be also a natural movement of crypto world. Anyway there are also rumors got spreaded that in the up coming near future a global economy collapse can be happened and that is why the whales are selling their bitcoin right now.
I agree that while the German government's BTC sell-off did not cause the price to plummet below 40K USD, it did bring the price back down to 53K USD in just one week. This is even scarier than the Mt.Gox BTC payout to users. After all, this event also shows us that when someone sells tens of thousands of BTC, the market can still absorb it all to support the BTC price.The Plummeting of BTC price below $40k was out of option because BTC was giving strong signals that it would recover and see it recover back to $70k and now due to selling pressure of the buyings investors and whales made when it dumped to $53k. The price of BTC is $62k. This not only shows the absorption power of the BTC but also shows that investors and whales find a way to speculate on the BTC and make a profit at any stage.
MS has accumulated a lot of BTC and there is no reason for them to sell BTC right now when we are not yet in an uptrend. Saylor has also said that MS will hold BTC forever, so I don't think we will see MS selling their BTC anytime soon. They are smart enough to understand the market conditions and trends to optimize their BTC investment strategy. We should not worry too much about this either. We should FOMO and accumulate more BTC.It's good to know that they made their plans about selling their accumulation clear. Because they own more than 200,000 BTC if they start to sell them we will see a big dump which will be 4x bigger then this one.
It's good to know that they made their plans about selling their accumulation clear. Because they own more than 200,000 BTC if they start to sell them we will see a big dump which will be 4x bigger then this one.Yesterday, I read a news post here stating that the US moved 2 billion bitcoins to another address, which may indicate that they will also take part in selling bitcoins. The market is now going up as the German government sold their BTC. The market went down, but it has now regained its previous position. However, it seems that the market will once again go back to a low price. The news about their selling is not confirmed, but if they make a decision, then the users will face some bad consequences, and small traders will be brutally destroyed.
Yesterday, I read a news post here stating that the US moved 2 billion bitcoins to another address, which may indicate that they will also take part in selling bitcoins. The market is now going up as the German government sold their BTC. The market went down, but it has now regained its previous position. However, it seems that the market will once again go back to a low price. The news about their selling is not confirmed, but if they make a decision, then the users will face some bad consequences, and small traders will be brutally destroyed.Is it because of this transaction that the price of Bitcoin is falling today? Bitcoin has lost 3.63% in one day. And its market cap is down to 3.60%.
I'm sure 90% of members are gonna relate to this meme, I was just scrolling and found this, I cant be sure of the source as it is a random pick, As you know in the view of the maximum community, this is a wrong move to sell of the bitcoin in the market at such price by the German government. Even many people compared it with the historical gold sell-off, but as its a risk investment market no-one can claim to be always right, maybe what Germany did can be a wise move if we see it in the future. anyway just enjoy every moment.I like the meme but I think Germany has no shortage of BTC holdings but yeah governments have. Mean the German government does have not that much BTC in their holdings but the German Citizens have a lot of BTC in their holdings in fact they are on the 2nd or 3rd number in operating Nodes and more nodes means more miners and more miners means BTC is being mined in that country are more.
I like the meme but I think Germany has no shortage of BTC holdings but yeah governments have. Mean the German government does have not that much BTC in their holdings but the German Citizens have a lot of BTC in their holdings in fact they are on the 2nd or 3rd number in operating Nodes and more nodes means more miners and more miners means BTC is being mined in that country are more.Since they are second or third number in terms of operating nodes as you mentioned that then I don't think they have sold such a large amount of bitcoin without any planning. Bitcoin is an asset and assets are used by people when needed but I will not disagree with you that it is foolish to miss out on bitcoin holding.
Germany made a big mistake by selling it because, in the long run in 50 to 100 years, these 50,000 BTC would prove to be a big asset for them. It's not that they are not going to live till then. They said they have no other option but to sell the funds which means maybe they are in need of funds.
Yesterday, I read a news post here stating that the US moved 2 billion bitcoins to another address, which may indicate that they will also take part in selling bitcoins. The market is now going up as the German government sold their BTC. The market went down, but it has now regained its previous position. However, it seems that the market will once again go back to a low price. The news about their selling is not confirmed, but if they make a decision, then the users will face some bad consequences, and small traders will be brutally destroyed.That's true that the news about selling is not confirmed but what's the point in moving them if they are not selling them? They are going to sell if not then why do they move it? retail investors will face problems when the US sells Silk Road BTC but according to my last posts, I still think that hodlers are not going to exit BTC trading and exit the market due to this news. We just need good buyers who can buy all these 2 billion worth of BTC. Two billion is an enormous amount of money but after seeing the recovery from Germany dump and MT Gox Dump. I think BTC can bear this selling too.
That's true that the news about selling is not confirmed but what's the point in moving them if they are not selling them? They are going to sell if not then why do they move it? retail investors will face problems when the US sells Silk Road BTC but according to my last posts, I still think that hodlers are not going to exit BTC trading and exit the market due to this news.We don't know what the reason is. They can move the Bitcoin for selling the Bitcoin. They also can move the Bitcoin to safer wallets. Or they can move the Bitcoin because they want to see the response of the market. There are many possibilities of the reasons, moving it doesn't always to sell on the market. However, it is true that we may face big dump if they really sell the big numbers of Bitcoin to the market. The price can drop again below $60k, it happened when the German government sold their Bitcoin. But I think the price won't drop to $50k.
We don't know what the reason is. They can move the Bitcoin for selling the Bitcoin. They also can move the Bitcoin to safer wallets. Or they can move the Bitcoin because they want to see the response of the market. There are many possibilities of the reasons, moving it doesn't always to sell on the market. However, it is true that we may face big dump if they really sell the big numbers of Bitcoin to the market. The price can drop again below $60k, it happened when the German government sold their Bitcoin. But I think the price won't drop to $50k.I don't think so that they move their bitcoin for more safe wallets because all they transaction are to the centralized exchanger like the coinbase, kraken and bitstamp maybe there will be more but I don't know about that. And when a country move their holding bitcoin on the centralized exchanger then it will be 100% confirmed that they willing to sell their holding bitcoin we have also seen the same case like USA government do with their confiscated Bitcoins. And as we all see the market affected when they sell their bitcoin and dump so.
That's true that the news about selling is not confirmed but what's the point in moving them if they are not selling them? They are going to sell if not then why do they move it? retail investors will face problems when the US sells Silk Road BTC but according to my last posts, I still think that hodlers are not going to exit BTC trading and exit the market due to this news. We just need good buyers who can buy all these 2 billion worth of BTC. Two billion is an enormous amount of money but after seeing the recovery from Germany dump and MT Gox Dump. I think BTC can bear this selling too.More and more issues coming.
Reports U.S. Bitcoin Transfer to 2 Wallets, Transfer Fuels Custody vs. Sale Theories
Since they are second or third number in terms of operating nodes as you mentioned that then I don't think they have sold such a large amount of bitcoin without any planning. Bitcoin is an asset and assets are used by people when needed but I will not disagree with you that it is foolish to miss out on bitcoin holding.You are right, there is always some plan behind government moves, the statements I made in my posts published on this thread are because these 50k (around 50k) were totally free for Germany as they did not earned it, they seized it. That's why I thought there is no point in selling them all. But yeah if they have some plan for it then let's wait and see what would be that.
And if this German government has sold bitcoins without any strategy or planning, then they will really regret it in the long-run. Maybe they have an internal planing otherwise why market manipulation?I don't think they tried to manipulate the market, although it's exactly what happened but what they can do about it, whenever there is a huge selling market will react and the price will decrease and vice versa. Well, as the meme shared by Hamza also shows the same thoughts that they might regret one day that they sold that much BTC. But for me, 1 BTC is a lot and we are talking about 50k BTC. Maybe for them (the Germany) 1 BTC is not a lot of BTC as well 50k BTC too.
We don't know what the reason is. They can move the Bitcoin for selling the Bitcoin. They also can move the Bitcoin to safer wallets. Or they can move the Bitcoin because they want to see the response of the market. There are many possibilities of the reasons, moving it doesn't always to sell on the market. However, it is true that we may face big dump if they really sell the big numbers of Bitcoin to the market. The price can drop again below $60k, it happened when the German government sold their Bitcoin. But I think the price won't drop to $50k.I think have whales ideas behind any government moving their bitcoin fund or transfer it to other wallet, most of them take opportunity buy bitcoin with lower price after moving or bitcoin transfer activities to other make many people got panic for selling their bitcoin. '
We don't know what the reason is. They can move the Bitcoin for selling the Bitcoin. They also can move the Bitcoin to safer wallets. Or they can move the Bitcoin because they want to see the response of the market. There are many possibilities of the reasons, moving it doesn't always to sell on the market. However, it is true that we may face big dump if they really sell the big numbers of Bitcoin to the market. The price can drop again below $60k, it happened when the German government sold their Bitcoin. But I think the price won't drop to $50k.I agree with your statement that BTC Won't drop below $50k because it did not drop below $50k when Germany sold their 50k BTC then it is not possible for BTC to drop below $50k if Silk Road sells its 30k BTC. The difference in amount is big so the dump difference will also be big too. I agree with your opinion of possibilities because there can be any possibility like they are testing something out or they found that wallet exposed to attacks etc.
I agree with your statement that BTC Won't drop below $50k because it did not drop below $50k when Germany sold their 50k BTC then it is not possible for BTC to drop below $50k if Silk Road sells its 30k BTC. The difference in amount is big so the dump difference will also be big too. I agree with your opinion of possibilities because there can be any possibility like they are testing something out or they found that wallet exposed to attacks etc.It's very difficult for us to conclude definitively on the reasons for the decline, as this depends on each individual's beliefs. Currently, BTC price has dropped to 52K USD and there's a lot of negative news in the market: Mt.Gox is returning BTC, the US government is moving BTC, the FED might lower interest rates in September. It's hard to assess the impact of each event on BTC price and the crypto market.
We can't know the real possibility but the recent selling of Germany was done in the same way. There are endless possibilities to this move but a suitable one for this is selling.
Regret like Lazlo Heinz ? Who brought two pizza via 10k bitcoin ;D. But lazlo express in media he didn't regret ::)Since they are second or third number in terms of operating nodes as you mentioned that then I don't think they have sold such a large amount of bitcoin without any planning. Bitcoin is an asset and assets are used by people when needed but I will not disagree with you that it is foolish to miss out on bitcoin holding.You are right, there is always some plan behind government moves, the statements I made in my posts published on this thread are because these 50k (around 50k) were totally free for Germany as they did not earned it, they seized it. That's why I thought there is no point in selling them all. But yeah if they have some plan for it then let's wait and see what would be that.And if this German government has sold bitcoins without any strategy or planning, then they will really regret it in the long-run. Maybe they have an internal planing otherwise why market manipulation?I don't think they tried to manipulate the market, although it's exactly what happened but what they can do about it, whenever there is a huge selling market will react and the price will decrease and vice versa. Well, as the meme shared by Hamza also shows the same thoughts that they might regret one day that they sold that much BTC. But for me, 1 BTC is a lot and we are talking about 50k BTC. Maybe for them (the Germany) 1 BTC is not a lot of BTC as well 50k BTC too.
Regret like Lazlo Heinz ? Who brought two pizza via 10k bitcoin ;D. But lazlo express in media he didn't regret ::)Many investors once regretted selling BTC, believing it was just a scam or would soon collapse and disappear, and they deserve to feel that regret. Conversely, I believe that many people sold BTC to take profits and help support their families, and they have no reason to regret or feel remorse. After all, BTC is just an investment, we invest to make profits and improve our living conditions, not just to stare at numbers on screen.
Actually there will be always regrets to all those peoples who have sell their bitcoin or will sell their bitcoin if they think about the future and how will be the price of bitcoin on future. I believe in the future bitcoin will cross 1million dollar and that time we all regret why we sell our bitcoin in this time.
But one think of mine is if bitcoin were only held for holding if no one exchanged to each other as a currency then it might be lose it's price and place. Peoples and institutions are selling bitcoin and that is why bitcoin is the digital gold of market. :D
It's because of the Some stupid public who are sitting on a good position in our society. Those stupid are spreading the FUD(Fear, uncertainty, and doubt). And because of these stupid people, many people in the society consider this Crypto currency or Bitcoin as Scam and among them there are many people who sell their holding Bitcoin despite the loss when they get a little negative news. I think people who spread FUD and people who fall into the trap of this FUD are both equally fooolish.
Many investors once regretted selling BTC, believing it was just a scam or would soon collapse and disappear, and they deserve to feel that regret. Conversely, I believe that many people sold BTC to take profits and help support their families, and they have no reason to regret or feel remorse. After all, BTC is just an investment, we invest to make profits and improve our living conditions, not just to stare at numbers on screen.
In the case of the German government: they may regret not having quickly researched crypto and having rejected the opportunity to make huge profits from 50K BTC and being more proactive in their national economic development strategy in the age of BTC/Crypto. They still have a chance to change everything because it is not too late to change the legal framework and start accumulating BTC for the national reserve budget.
It's because of the Some stupid public who are sitting on a good position in our society. Those stupid are spreading the FUD(Fear, uncertainty, and doubt). And because of these stupid people, many people in the society consider this Crypto currency or Bitcoin as Scam and among them there are many people who sell their holding Bitcoin despite the loss when they get a little negative news. I think people who spread FUD and people who fall into the trap of this FUD are both equally fooolish.Actually, I'm not too concerned about evaluating other people's investment decisions. Both profits and losses will be theirs to bear. In fact, it's their failures and losses that help the market operate according to its own rules and create the uptrend we're waiting for.
Regret like Lazlo Heinz ? Who brought two pizza via 10k bitcoin ;D. But lazlo express in media he didn't regret ::)You are right they might say like laszlo that they don't regret their selling but inner them will be regretting the choice they made but laszlo was a individual and if he would have kept the funds then he would be the one making money but here in terms of Germany there is not a single individual making money but the funds will go into national reserves.
Actually there will be always regrets to all those peoples who have sell their bitcoin or will sell their bitcoin if they think about the future and how will be the price of bitcoin on future. I believe in the future bitcoin will cross 1million dollar and that time we all regret why we sell our bitcoin in this time.
But one think of mine is if bitcoin were only held for holding if no one exchanged to each other as a currency then it might be lose it's price and place. Peoples and institutions are selling bitcoin and that is why bitcoin is the digital gold of market. :D
You are right they might say like laszlo that they don't regret their selling but inner them will be regretting the choice they made but laszlo was a individual and if he would have kept the funds then he would be the one making money but here in terms of Germany there is not a single individual making money but the funds will go into national reserves.I also want to mean the same thing on the above post of mine. Because we have already saw that many time the Lazlo said to press that he doesn't feel regret but we all know that as a human beings all people will have inner regretting.
Well that's another thing and I think its best to leave them for now on their situation.
Speaking of no selling and no buying, that is a scenario I think will never come because people can't resist selling in dump how will they not sell it when they are making good profits in uptrend.
I don't know why German government selling Bitcoin. I think it is great mistake for German government. They will cry for it today or tomorrow, I strongly believe it. As German government selling Bitcoin so Bitcoin price will decrease, but it will happen for short time i think.According to their announcement, the BTC sale was conducted in accordance with the regulations for handling assets confiscated from criminals to supplement the state budget, but perhaps a more suitable decision would be for the German government to change the regulations to store BTC and profit from this uptrend.
We know some days ago Bitcoin halving happened. I think within short time we will see It's impact one market. And then Bitcoin price will increase there has no any doubt. so I am not worried about German government selling Bitcoin.
According to their announcement, the BTC sale was conducted in accordance with the regulations for handling assets confiscated from criminals to supplement the state budget, but perhaps a more suitable decision would be for the German government to change the regulations to store BTC and profit from this uptrend.Actually we the general people don't know nothing about the internal situation of the government or the rulers. And who knows what the plan of their government they try to use the funds for their country development but if it might also be a strategy?
I'm not sure if the German government would be quick enough to regret and quickly buy back BTC. Governments are usually quite slow and unable to make big decisions related to new assets like BTC and crypto. We, as small retail investors, are more easily able to accept risks and make buy & hold decisions to participate in this new wave of finance.
As long as the bitcoin belongs to the government, I don't have any problem with them trying to sell some or all of they bitcoin, because as far as i know only the holder of the wallet have to sole right to spend the bitcoin in those wallets and as a matter of fact if not going to affect the general bitcoin value in the market for long.According to their announcement, the BTC sale was conducted in accordance with the regulations for handling assets confiscated from criminals to supplement the state budget, but perhaps a more suitable decision would be for the German government to change the regulations to store BTC and profit from this uptrend.Actually we the general people don't know nothing about the internal situation of the government or the rulers. And who knows what the plan of their government they try to use the funds for their country development but if it might also be a strategy?
I'm not sure if the German government would be quick enough to regret and quickly buy back BTC. Governments are usually quite slow and unable to make big decisions related to new assets like BTC and crypto. We, as small retail investors, are more easily able to accept risks and make buy & hold decisions to participate in this new wave of finance.
because if we saw the current few days ago crypto market then who knows that who buy their bitcoin all hand ? And if these happen then the german government will not agree with working russian.
Actually we the general people don't know nothing about the internal situation of the government or the rulers. And who knows what the plan of their government they try to use the funds for their country development but if it might also be a strategy?Strategy of pump and dump?
Strategy of pump and dump?I don't think governments are playing the pump/dump game because they don't frequently move BTC or trade to make a profit. We also don't know of any announcements about governments buying back BTC at low price after dumping by selling or moving BTC.
I think that Government is also playing on it.
Fortunately, the related sale by the German government has already happened and its impact has begun to pass. Yes, even though yesterday there was a really drastic drop, it did not make Bitcoin that bad. In fact, it became a reason for many investors to get more Bitcoin at a cheaper price because of the price drop. So in every FUD, there must be an opportunity for some people to still be able to take advantage of it all. And that will affect us, whether we fall into that category or are the ones who panic sell.
Strategy of pump and dump?Who knows that? What is their strategy? That is why I mentioned that positive and negative both side like they can also manipulate the market to get more good price for buying but the probability of this much less because if these kinds of big transactions happened again then we can also see that on market.
I think that Government is also playing on it.
Fortunately, the related sale by the German government has already happened and its impact has begun to pass. Yes, even though yesterday there was a really drastic drop, it did not make Bitcoin that bad. In fact, it became a reason for many investors to get more Bitcoin at a cheaper price because of the price drop. So in every FUD, there must be an opportunity for some people to still be able to take advantage of it all. And that will affect us, whether we fall into that category or are the ones who panic sell.
Who knows that? What is their strategy? That is why I mentioned that positive and negative both side like they can also manipulate the market to get more good price for buying but the probability of this much less because if these kinds of big transactions happened again then we can also see that on market.We won't be able to know the whole truth, we only have the official announcements from the German government to refer to and better understand the event of selling 50K BTC. It's possible that the German government has sold and then bought back using many new accounts, or they may have partnered with investment funds to sell and create FUD in the market... Conspiracy theories are very attractive, but I think we can't use them to make investment decisions.
And the rest thing I have already told maybe this is their pre-plan they will sell those bitcoin on a good price at their need also ? For getting more reserve to develop their country? Any thing can be the truth. But if they really sell the bitcoin we should accept it as a natural flow of market which happended but the author behind of this have different different face.
We won't be able to know the whole truth, we only have the official announcements from the German government to refer to and better understand the event of selling 50K BTC. It's possible that the German government has sold and then bought back using many new accounts, or they may have partnered with investment funds to sell and create FUD in the market... Conspiracy theories are very attractive, but I think we can't use them to make investment decisions.Yeap you are also right. the can also separately transact or buy bitcoin in on the small amount. It is possible but I will say the chances of doing this very low. Because I don't see anything to hide their specially when the investor or adopter is the government of a country.
I believe that governments are still not really ready to accept and reserve BTC for the national budget until the world's largest economy, the US, officially recognizes BTC as a long-term strategic reserve asset. To achieve this, we need Trump to win the ongoing election.
Yeap you are also right. the can also separately transact or buy bitcoin in on the small amount. It is possible but I will say the chances of doing this very low. Because I don't see anything to hide their specially when the investor or adopter is the government of a country.This event simply shows us the slow pace at which governments are adapting to the developments in the financial market. The German government participated in drafting MiCA but they only thought about regulating and taxing crypto, they don't even understand or believe in BTC long-term value.
I don't know that the German government will take or not take bitcoin on their reserve but I think they will missed the opportunity if they did reject it like the way they sell their huge amount of bitcoin. Because I we know bull -season is near so if they want they can also sell on the bull season of 2025.
This event simply shows us the slow pace at which governments are adapting to the developments in the financial market. The German government participated in drafting MiCA but they only thought about regulating and taxing crypto, they don't even understand or believe in BTC long-term value.If I tell you the main point then I have to say that No central government wants that controlling power to go out of their hands.
Some lawmakers have suggested that the German government should reserve BTC but it seems that it didn't achieve the desired result. The German government has not given any response yet but at least this could help other governments be more serious in studying the potential of BTC. I wouldn't be surprised if some government announces that they have secretly bought and are holding thousands of BTC in their budget.
If I tell you the main point then I have to say that No central government wants that controlling power to go out of their hands.I understand that as well. That's probably why they make hasty and unwise decisions, at least from the perspective of crypto fans. They have something to protect: power, and fiat is the biggest tool that creates government power. They're not ready to change.
And that's the reason they don't want to adopt bitcoin and if you look to the countries those have the dictatorial situation those all are banned bitcoin and cryptocurrencies. Because cryptocurrency and the bitcoin has the financial freedom that don't have on the traditional fiat currencies.
I don't know what's the reason behind of the Germany but I can say most of the country who avoid bitcoin or banning it those behind reason are the same.
According to their announcement, the BTC sale was conducted in accordance with the regulations for handling assets confiscated from criminals to supplement the state budget, but perhaps a more suitable decision would be for the German government to change the regulations to store BTC and profit from this uptrend.Actually we the general people don't know nothing about the internal situation of the government or the rulers. And who knows what the plan of their government they try to use the funds for their country development but if it might also be a strategy?
I'm not sure if the German government would be quick enough to regret and quickly buy back BTC. Governments are usually quite slow and unable to make big decisions related to new assets like BTC and crypto. We, as small retail investors, are more easily able to accept risks and make buy & hold decisions to participate in this new wave of finance.
because if we saw the current few days ago crypto market then who knows that who buy their bitcoin all hand ? And if these happen then the german government will not agree with working russian.
You think everything is correct, this is most likely a strategy, but they won’t tell us about it, there are government funds and funds that have money from people in the government who find it very profitable to get such insider information and make huge amounts of money on the fall, they themselves won’t punish themselves for such insider trading of course)) but others can’t do this, roughly speaking, nothing just happens at a certain moment when something concerns huge amounts of money and the government has everything thought out 10 steps ahead.There is high possibility of that they don't have any other strategies after selling recent huge amount of bitcoin. Because we also don't see anything massive recovery or transaction as well.
I also heard that the Russian government is adopting bitcoin privately, if the German government sells bitcoin in large quantities causing the price to drop the chance of buying it back will be small. It would be better for every government to have bitcoin because in the future the price of bitcoin will be expensive and for those who do not have it will be left behind by other countries.You think everything is correct, this is most likely a strategy, but they won’t tell us about it, there are government funds and funds that have money from people in the government who find it very profitable to get such insider information and make huge amounts of money on the fall, they themselves won’t punish themselves for such insider trading of course)) but others can’t do this, roughly speaking, nothing just happens at a certain moment when something concerns huge amounts of money and the government has everything thought out 10 steps ahead.There is high possibility of that they don't have any other strategies after selling recent huge amount of bitcoin. Because we also don't see anything massive recovery or transaction as well.
But I said it because there is also chances of this because we have also seen government do have multiple strategies at once like If we talk about the Russian government then they banned the cryptocurrency but we have the news that the Russian government adopting the bitcoin privately. So the German government will not have any idea to re-adopt by manipulating the market it's also possible.
You think everything is correct, this is most likely a strategy, but they won’t tell us about it, there are government funds and funds that have money from people in the government who find it very profitable to get such insider information and make huge amounts of money on the fall, they themselves won’t punish themselves for such insider trading of course)) but others can’t do this, roughly speaking, nothing just happens at a certain moment when something concerns huge amounts of money and the government has everything thought out 10 steps ahead.There is high possibility of that they don't have any other strategies after selling recent huge amount of bitcoin. Because we also don't see anything massive recovery or transaction as well.
But I said it because there is also chances of this because we have also seen government do have multiple strategies at once like If we talk about the Russian government then they banned the cryptocurrency but we have the news that the Russian government adopting the bitcoin privately. So the German government will not have any idea to re-adopt by manipulating the market it's also possible.
My first fear is Trump wins and attacks bitcoin. My second fear is Harris wins and attacks bitcoin.I know that Trump is pro bitcoin only to get some extra votes as its going to be a very clsoe run between him and Kamala, but tbh I do not fear either him or her as after all, they are only the puppets (as majority of world "leaders" are) and will do what they are being told to do.
I would love a thread about major governments forcing us to make all btc to be in an exchange and not in a private wallet.Unfortunately, that's something I can see happening in the future. That or having to register your private wallet so government can keep an eye on it the same way they are doing to our bank accounts.
My first fear is Trump wins and attacks bitcoin. My second fear is Harris wins and attacks bitcoin.I know that Trump is pro bitcoin only to get some extra votes as its going to be a very clsoe run between him and Kamala, but tbh I do not fear either him or her as after all, they are only the puppets (as majority of world "leaders" are) and will do what they are being told to do.I would love a thread about major governments forcing us to make all btc to be in an exchange and not in a private wallet.Unfortunately, that's something I can see happening in the future. That or having to register your private wallet so government can keep an eye on it the same way they are doing to our bank accounts.
Yeah a hidden wallet may become not legal in usa. I have always had a private wallet and an exchange account.Yep, same here.
This shows that cryptocurrency is anonymous and it is not known who owns the wallet in circulation. Therefore, if currently there are many wallets whose owners are known, it is better now to be able to move all assets using a third party such as a mixer and move our assets to a private wallet that is no longer known to many people.My first fear is Trump wins and attacks bitcoin. My second fear is Harris wins and attacks bitcoin.I know that Trump is pro bitcoin only to get some extra votes as its going to be a very clsoe run between him and Kamala, but tbh I do not fear either him or her as after all, they are only the puppets (as majority of world "leaders" are) and will do what they are being told to do.I would love a thread about major governments forcing us to make all btc to be in an exchange and not in a private wallet.Unfortunately, that's something I can see happening in the future. That or having to register your private wallet so government can keep an eye on it the same way they are doing to our bank accounts.
Yeah a hidden wallet may become not legal in usa. I have always had a private wallet and an exchange account.
If we touch on the topic of partial permission of cryptocurrencies, I will tell you that almost all countries partially allow the withdrawal of cryptocurrency, I live in a European country and here in many countries it is allowed to cash out cryptocurrency by paying taxes, but the thing is that these are mainly not countries that are part of the European Union and that is not even the point but that this money will be considered legal only in this country but you will already pay taxes on it, this is very bad and does not make cryptocurrency accessible as in the Emirates where you can buy yourself an apartment directly for cryptocurrency and no one will ask you where the money is from, I think that such prohibitions in Europe and Russia are not from great intelligence but from aligorkhat who do not want to lose money on transactions in their banks.If we talk about the Russia and the china why they are banning cryptocurrency in those countries is the own interest of the dictatorship. And we seen in them no one have the good practice of the democracy. I don't find the others reason on it. But they are also adopting bitcoin privately I saw in some of the article.
If we talk about the Russia and the china why they are banning cryptocurrency in those countries is the own interest of the dictatorship. And we seen in them no one have the good practice of the democracy. I don't find the others reason on it. But they are also adopting bitcoin privately I saw in some of the article.Each country has its own choice to adapt to and benefit from crypto, although their decisions are not always beneficial to this market. The extremes of China and Russia are not what the crypto community wants or expects, but we are forced to accept, similar to the German government selling off BTC to our surprise.
And talking about the showing the source of money is also important because here many bad peoples are also exists those will always want to take the benefits of the anonymity of the cryptocurrency and money laundry. So it is also necessary.
If we touch on the topic of partial permission of cryptocurrencies, I will tell you that almost all countries partially allow the withdrawal of cryptocurrency, I live in a European country and here in many countries it is allowed to cash out cryptocurrency by paying taxes, but the thing is that these are mainly not countries that are part of the European Union and that is not even the point but that this money will be considered legal only in this country but you will already pay taxes on it, this is very bad and does not make cryptocurrency accessible as in the Emirates where you can buy yourself an apartment directly for cryptocurrency and no one will ask you where the money is from, I think that such prohibitions in Europe and Russia are not from great intelligence but from aligorkhat who do not want to lose money on transactions in their banks.If we talk about the Russia and the china why they are banning cryptocurrency in those countries is the own interest of the dictatorship. And we seen in them no one have the good practice of the democracy. I don't find the others reason on it. But they are also adopting bitcoin privately I saw in some of the article.
And talking about the showing the source of money is also important because here many bad peoples are also exists those will always want to take the benefits of the anonymity of the cryptocurrency and money laundry. So it is also necessary.
Bad people use cryptocurrency (this is mostly a fairy tale invented by states) because cryptocurrency has only been in widespread use for 5 years, before you could of course sell it but it was extremely difficult (almost impossible), but scammers are not 5 years old or even 50 years old, they have had money delivery established for a very long time, in the records of one historical treatise about 300 years ago it was said that you could contact the right people in one country and give them money, they would give you a receipt and you could receive this money with it even on another continent and so the question arises why do they need this cryptocurrency when for hundreds of years they have been able to receive cash simply by having a receipt in hand and not worrying about these wallets and cashing out, so if some scammers use cryptocurrency then it is either out of stupidity or only a few.This is also one hard true things that the people's who don't know much about the cryptocurrency those are want to say or thing that cryptocurrrency only used those people who are doing illegal things like the hacking , money laundry or funding tor*rist organizations.
Fraud is more glued in Fiat because Fiat is more owned and used by people, but in the world of Crypto which is famous for semi -anonyms is also very empty if we are not careful.Bad people use cryptocurrency (this is mostly a fairy tale invented by states) because cryptocurrency has only been in widespread use for 5 years, before you could of course sell it but it was extremely difficult (almost impossible), but scammers are not 5 years old or even 50 years old, they have had money delivery established for a very long time, in the records of one historical treatise about 300 years ago it was said that you could contact the right people in one country and give them money, they would give you a receipt and you could receive this money with it even on another continent and so the question arises why do they need this cryptocurrency when for hundreds of years they have been able to receive cash simply by having a receipt in hand and not worrying about these wallets and cashing out, so if some scammers use cryptocurrency then it is either out of stupidity or only a few.This is also one hard true things that the people's who don't know much about the cryptocurrency those are want to say or thing that cryptocurrrency only used those people who are doing illegal things like the hacking , money laundry or funding tor*rist organizations.
But if we carefully see the reports that till now the most percentage of those scams thing are happened by the fiat currencies so the bad peoples are in the word from the beginning and it will stay in the future but it will change the system.
Fraud is more glued in Fiat because Fiat is more owned and used by people, but in the world of Crypto which is famous for semi -anonyms is also very empty if we are not careful.All the accusations aim to attack and hinder the development of crypto. The data is presented in a subjective way, without mentioning the fact that crypto is only a small part of the total value of dirty money laundered. It's not surprising that fiat is still the preferred tool of criminals but is overlooked. Governments know that they cannot quickly solve the money laundering problem, so they just look for a scapegoat to prove that they are working and deserve to be paid with taxpayers' money.
Back to discussing the German government, where what he did could make Bitcoin dumping. I don't think we need to panic because Bitcoin will go back up let alone this is the season before the bullish season.
Bad people use cryptocurrency (this is mostly a fairy tale invented by states) because cryptocurrency has only been in widespread use for 5 years, before you could of course sell it but it was extremely difficult (almost impossible), but scammers are not 5 years old or even 50 years old, they have had money delivery established for a very long time, in the records of one historical treatise about 300 years ago it was said that you could contact the right people in one country and give them money, they would give you a receipt and you could receive this money with it even on another continent and so the question arises why do they need this cryptocurrency when for hundreds of years they have been able to receive cash simply by having a receipt in hand and not worrying about these wallets and cashing out, so if some scammers use cryptocurrency then it is either out of stupidity or only a few.This is also one hard true things that the people's who don't know much about the cryptocurrency those are want to say or thing that cryptocurrrency only used those people who are doing illegal things like the hacking , money laundry or funding tor*rist organizations.
But if we carefully see the reports that till now the most percentage of those scams thing are happened by the fiat currencies so the bad peoples are in the word from the beginning and it will stay in the future but it will change the system.
Fraud is more glued in Fiat because Fiat is more owned and used by people, but in the world of Crypto which is famous for semi -anonyms is also very empty if we are not careful.Bad people use cryptocurrency (this is mostly a fairy tale invented by states) because cryptocurrency has only been in widespread use for 5 years, before you could of course sell it but it was extremely difficult (almost impossible), but scammers are not 5 years old or even 50 years old, they have had money delivery established for a very long time, in the records of one historical treatise about 300 years ago it was said that you could contact the right people in one country and give them money, they would give you a receipt and you could receive this money with it even on another continent and so the question arises why do they need this cryptocurrency when for hundreds of years they have been able to receive cash simply by having a receipt in hand and not worrying about these wallets and cashing out, so if some scammers use cryptocurrency then it is either out of stupidity or only a few.This is also one hard true things that the people's who don't know much about the cryptocurrency those are want to say or thing that cryptocurrrency only used those people who are doing illegal things like the hacking , money laundry or funding tor*rist organizations.
But if we carefully see the reports that till now the most percentage of those scams thing are happened by the fiat currencies so the bad peoples are in the word from the beginning and it will stay in the future but it will change the system.
Back to discussing the German government, where what he did could make Bitcoin dumping. I don't think we need to panic because Bitcoin will go back up let alone this is the season before the bullish season.
Fraud is more glued in Fiat because Fiat is more owned and used by people, but in the world of Crypto which is famous for semi -anonyms is also very empty if we are not careful.I am also saying that if we do analysis or see the article then we will find that the fraud worked are most of done by the fiat currencies but people blame the cryptocurrency i.e. with out knowing anything about cryptocurrency. I won't say that scammer are not in crypto scammers are every where so the system is not responsible for that because we can't blame the system for the bad peoples.
Back to discussing the German government, where what he did could make Bitcoin dumping. I don't think we need to panic because Bitcoin will go back up let alone this is the season before the bullish season.
Fraud is everywhere, not only crypto but also fiat. I also agree with why crypto is always blamed and suspected, because fraudsters will always do their actions in all places, both crypto and fiat. This is what sometimes makes us disappointed as crypto lovers, there is always negative news attacking crypto.Fraud is more glued in Fiat because Fiat is more owned and used by people, but in the world of Crypto which is famous for semi -anonyms is also very empty if we are not careful.I am also saying that if we do analysis or see the article then we will find that the fraud worked are most of done by the fiat currencies but people blame the cryptocurrency i.e. with out knowing anything about cryptocurrency. I won't say that scammer are not in crypto scammers are every where so the system is not responsible for that because we can't blame the system for the bad peoples.
Back to discussing the German government, where what he did could make Bitcoin dumping. I don't think we need to panic because Bitcoin will go back up let alone this is the season before the bullish season.
Isn't something that will be good initially also opposed and rejected everywhere, as happened to bitcoin. At the beginning of bitcoin's launch we read negative news everywhere and it was rejected in several countries.
Fraud is everywhere, not only crypto but also fiat. I also agree with why crypto is always blamed and suspected, because fraudsters will always do their actions in all places, both crypto and fiat. This is what sometimes makes us disappointed as crypto lovers, there is always negative news attacking crypto.
Yes, when Bitcoin was first launched, there was a lot of negative news about it. Because it was first of all a digital currency so no one could easily trust it as it could cause a final loss to someone. But after those times, Bitcoin has come so far and now a huge number of people around the world are holding and trusting Bitcoin. So no action by the German government can kill Bitcoin completely. Maybe this will bring down the price of Bitcoin temporarily but the effect will not last longIsn't something that will be good initially also opposed and rejected everywhere, as happened to bitcoin. At the beginning of bitcoin's launch we read negative news everywhere and it was rejected in several countries.
Fraud is everywhere, not only crypto but also fiat. I also agree with why crypto is always blamed and suspected, because fraudsters will always do their actions in all places, both crypto and fiat. This is what sometimes makes us disappointed as crypto lovers, there is always negative news attacking crypto.
Discussing scams, not only in crypto, most of them even happen in FIAT, that's the fact.
Yes, when Bitcoin was first launched, there was a lot of negative news about it. Because it was first of all a digital currency so no one could easily trust it as it could cause a final loss to someone. But after those times, Bitcoin has come so far and now a huge number of people around the world are holding and trusting Bitcoin. So no action by the German government can kill Bitcoin completely. Maybe this will bring down the price of Bitcoin temporarily but the effect will not last longFirstly, when bitcoin launching many people not believing with bitcoin and have some one sold 10k bitcoin fund swapping for a box pizza. But recently after ten years later bitcoin have been more popular digital currency transaction with many feature adopt make easily transaction huge amount and taken short term than using fiat.
You are right, crypto is only about 10 years old but there are already many scams there, but not only crypto we also see a lot of scams in FIAT.
It's obvious that scams or fraud are tied with fiat as they have been in existence for thousands of years. But for cryptocurrency, it's just been with us for the last 10 years or so. But people with their intelligence, was also able to take advantage of it to scam or even used it for their own advantage like criminals. Nevertheless it was not design like that. In any case though, about the German government dumping their 50k Bitcoin, the effect has been forgotten, Bitcoin proves itself again to be very resilient and everything has been settled down already. Prices are not in the $60k'ish and it seems that we have somewhat gain already from that news a few months ago.
Isn't something that will be good initially also opposed and rejected everywhere, as happened to bitcoin. At the beginning of bitcoin's launch we read negative news everywhere and it was rejected in several countries.We can rest assured because blockchain is a transparent environment and traces will be stored permanently, making it easy for law enforcement agencies to investigate. Mixers or privacy coins can complicate this process, but we are still seeing many crypto scams being solved and governments seizing a lot of BTC.
Discussing scams, not only in crypto, most of them even happen in FIAT, that's the fact.
Maybe the German government has its own considerations why it sells bitcoin in large quantities that make us panic because the market is experiencing a sharp correction, let it be, because the crypto market will have good progress when demand rises again. so we just have to be patient and hold our potential coins until the bullish season which is expected to occur next year.Isn't something that will be good initially also opposed and rejected everywhere, as happened to bitcoin. At the beginning of bitcoin's launch we read negative news everywhere and it was rejected in several countries.We can rest assured because blockchain is a transparent environment and traces will be stored permanently, making it easy for law enforcement agencies to investigate. Mixers or privacy coins can complicate this process, but we are still seeing many crypto scams being solved and governments seizing a lot of BTC.
Discussing scams, not only in crypto, most of them even happen in FIAT, that's the fact.
The issue is that governments should handle this amount of BTC more intelligently and reasonably during this critical period. This could be a great opportunity for governments to own a large amount of BTC in the national budget without having to try too hard or mine and DCA like El Salvador. Unfortunately, the German government did not act that way, they sold off and once caused the market to panic :(
Large sales of bitcoin by any government or big entities might also be one of the reasons for the volatility in the market, sometimes due to long-term strategies or considerations. The crypto market generally goes through ups and downs cyclically and sees positive development on uptick demand, though it's highly uncertain today, causing sharp corrections.Maybe the German government has its own considerations why it sells bitcoin in large quantities that make us panic because the market is experiencing a sharp correction, let it be, because the crypto market will have good progress when demand rises again. so we just have to be patient and hold our potential coins until the bullish season which is expected to occur next year.Isn't something that will be good initially also opposed and rejected everywhere, as happened to bitcoin. At the beginning of bitcoin's launch we read negative news everywhere and it was rejected in several countries.We can rest assured because blockchain is a transparent environment and traces will be stored permanently, making it easy for law enforcement agencies to investigate. Mixers or privacy coins can complicate this process, but we are still seeing many crypto scams being solved and governments seizing a lot of BTC.
Discussing scams, not only in crypto, most of them even happen in FIAT, that's the fact.
The issue is that governments should handle this amount of BTC more intelligently and reasonably during this critical period. This could be a great opportunity for governments to own a large amount of BTC in the national budget without having to try too hard or mine and DCA like El Salvador. Unfortunately, the German government did not act that way, they sold off and once caused the market to panic :(
Maybe the German government has its own considerations why it sells bitcoin in large quantities that make us panic because the market is experiencing a sharp correction, let it be, because the crypto market will have good progress when demand rises again. so we just have to be patient and hold our potential coins until the bullish season which is expected to occur next year.I don't know the exact purpose of the German government, but it seems they aren't selling just because they're worried about an imminent market correction and the decrease in value of their 50K BTC. As stated in the announcement, the sell-off is carried out according to the regulations for handling assets seized from crime, the only issue is the German government's delay regarding the global development of BTC.
I think that you could express your best opinion in your post. I also believe that German government liquidate bitcoin, that's effect will spread in bitcoin or cryptocurrency market. But we also believe that, this problem will not stay in long time. Because we know that bitcoin is one of the best popular currency in cryptocurrency world. So i think within a short time bitcoin overtake this problem and gradually increase it’s market prices. So we should be must wait until to recovery crypto market.You are right, crypto is only about 10 years old but there are already many scams there, but not only crypto we also see a lot of scams in FIAT.
It's obvious that scams or fraud are tied with fiat as they have been in existence for thousands of years. But for cryptocurrency, it's just been with us for the last 10 years or so. But people with their intelligence, was also able to take advantage of it to scam or even used it for their own advantage like criminals. Nevertheless it was not design like that. In any case though, about the German government dumping their 50k Bitcoin, the effect has been forgotten, Bitcoin proves itself again to be very resilient and everything has been settled down already. Prices are not in the $60k'ish and it seems that we have somewhat gain already from that news a few months ago.
The German government dumped 50K bitcoin, this resulted in bitcoin experiencing a correction, but now the price of bitcoin is improving again.
We have seen the power of bitcoin in the crypto market from several years ago, many attacks on bitcoin, both manipulative and intentionally carried out by the government. But bitcoin will return to its role as the king of crypto currency and the crypto market will recover. The effect of the German government is quite large, making the price of bitcoin fall, but in the last few weeks we have seen the price of bitcoin rise again,
I think that you could express your best opinion in your post. I also believe that German government liquidate bitcoin, that's effect will spread in bitcoin or cryptocurrency market. But we also believe that, this problem will not stay in long time. Because we know that bitcoin is one of the best popular currency in cryptocurrency world. So i think within a short time bitcoin overtake this problem and gradually increase it’s market prices. So we should be must wait until to recovery crypto market.
It is true that bitcoin has a lot of strength in the crypto market though it has been subjected to threats like manipulative attacks and government policies that affect the prices of bitcoin. Bitcoin’s ability to resist different forms of pressure therefore suggests it is still a crucial investment product with considerable market demand. In some situations, when the crypto market is under pressure, bitcoin still holds its premier position, proving its stability.We have seen the power of bitcoin in the crypto market from several years ago, many attacks on bitcoin, both manipulative and intentionally carried out by the government. But bitcoin will return to its role as the king of crypto currency and the crypto market will recover. The effect of the German government is quite large, making the price of bitcoin fall, but in the last few weeks we have seen the price of bitcoin rise again,
I think that you could express your best opinion in your post. I also believe that German government liquidate bitcoin, that's effect will spread in bitcoin or cryptocurrency market. But we also believe that, this problem will not stay in long time. Because we know that bitcoin is one of the best popular currency in cryptocurrency world. So i think within a short time bitcoin overtake this problem and gradually increase it’s market prices. So we should be must wait until to recovery crypto market.
We have seen the power of bitcoin in the crypto market from several years ago, many attacks on bitcoin, both manipulative and intentionally carried out by the government. But bitcoin will return to its role as the king of crypto currency and the crypto market will recover. The effect of the German government is quite large, making the price of bitcoin fall, but in the last few weeks we have seen the price of bitcoin rise again,
I think that you could express your best opinion in your post. I also believe that German government liquidate bitcoin, that's effect will spread in bitcoin or cryptocurrency market. But we also believe that, this problem will not stay in long time. Because we know that bitcoin is one of the best popular currency in cryptocurrency world. So i think within a short time bitcoin overtake this problem and gradually increase it’s market prices. So we should be must wait until to recovery crypto market.