Invest & Hodl Bitcoin!!

[pieppiep]

But the thing is even if they will get rid of those Bitcoins it will just have a slight effect on the market and it will surely be like nothing has happened given the volatility of Bitcoin is just natural which we can expect anytime. Though this sell off thing by German and US is quite huge it will also create slight fear from average to new investors and that is pretty natural.

The selling action carried out by Germany and the US caused the price of bitcoin to fall, but the price of bitcoin rose again. Although today the price of bitcoin has experienced another correction. but I think this is only temporary and it is possible that Bitcoin prices will rise again.

This is a decision from Germany and they already understand the risks that exist so they prefer to sell Bitcoin at the current price. Bitcoin will always recover its price when there is a dump because the demand for Bitcoin is very high and also the support is very strong making it difficult for Bitcoin to go down to a low price again. As we see and as you mentioned on the exchange the price of Bitcoin is increasing again.

[MUGNIA]

But the thing is even if they will get rid of those Bitcoins it will just have a slight effect on the market and it will surely be like nothing has happened given the volatility of Bitcoin is just natural which we can expect anytime. Though this sell off thing by German and US is quite huge it will also create slight fear from average to new investors and that is pretty natural.

The selling action carried out by Germany and the US caused the price of bitcoin to fall, but the price of bitcoin rose again. Although today the price of bitcoin has experienced another correction. but I think this is only temporary and it is possible that Bitcoin prices will rise again.

This is a decision from Germany and they already understand the risks that exist so they prefer to sell Bitcoin at the current price. Bitcoin will always recover its price when there is a dump because the demand for Bitcoin is very high and also the support is very strong making it difficult for Bitcoin to go down to a low price again. As we see and as you mentioned on the exchange the price of Bitcoin is increasing again.

It is true that all risks should be borne by the parties who sell, even if they sell now it will not affect the future because the value of BTC will always increase because there will be a lot of demand, and every day there will always be new investors to invest.

[Metha Wulandarin]

The balance of Bitcoin owned by the German government has all been sold out and Mt.Gox officially announced that they had paid off 13,000 creditors as evidenced after the German government and Mt.Gox had finished their business with Bitcoin, Bitcoin immediately experienced a price increase of up to $65k hopefully nothing will hinder Bitcoin's journey.

It is good to know German government has sold all their Bitcoin. So, it won't bring bad impact anymore to Bitcoin price and crypto market as a whole. At least, one of the bad news has been over, we only face with MT Gox issue now. Well, they may already distribute some of the Bitcoin, but it is not over yet. As far as I know, they plan to distribute the Bitcoin gradually until October. However, the price of Bitcoin already jump again to $66k today. We don't need to worry, everything looks good.

Yes, as long as you hold the most Bitcoin has not made a sale Bitcoin will remain safe, maybe we will never see the price of Bitcoin below $20k, maybe the lowest price in 2023 will be the lowest price of bitcoin for the future.

[salad daging]

But the thing is even if they will get rid of those Bitcoins it will just have a slight effect on the market and it will surely be like nothing has happened given the volatility of Bitcoin is just natural which we can expect anytime. Though this sell off thing by German and US is quite huge it will also create slight fear from average to new investors and that is pretty natural.

The selling action carried out by Germany and the US caused the price of bitcoin to fall, but the price of bitcoin rose again. Although today the price of bitcoin has experienced another correction. but I think this is only temporary and it is possible that Bitcoin prices will rise again.

The sell-off by the government will be a FUD as the news will continue to be fried negatively causing the price to drop, naturally because there are many units being dumped into the market, the price will drop below 10%.
Considering that the German government did this sell-off for several weeks but in the end bitcoin recovered, so this is only temporary.

[debra]

Yes, as long as you hold the most Bitcoin has not made a sale Bitcoin will remain safe, maybe we will never see the price of Bitcoin below $20k, maybe the lowest price in 2023 will be the lowest price of bitcoin for the future.

I think most people are holding Bitcoin more then 50% of their assets because Bitcoin should be the priority of our investment. You're right, it will be safe if we have more Bitcoin in our wallets. Buying Bitcoin in 2022-2023 must be very cheap, the price can be around $20k. Even the price of Bitcoin was below $20k in 2022. We don't know the price of Bitcoin in the future, but I'm very sure it must be above the current price in the next year. People said the peak of Bitcoin price is probably in 2025, so it is very safe to keep holding the Bitcoin.

[NikeFit_7777]

China may allow cryptocurrencies as soon as this year. X (formerly Twitter) is spreading the word about the possible lifting of China's cryptocurrency ban by the fourth quarter of 2024.

"If this is true, and this is the second time I've heard this in a few weeks, it's huge. Does anyone have any insight?" commented Galaxy Digital CEO Mike Novogratz.

P.S. FUD is just fleeing the market lately.

News link: https://x.com/novogratz/status/1812650983987515396

[UNIVERSE]

The sell-off by the government will be a FUD as the news will continue to be fried negatively causing the price to drop, naturally because there are many units being dumped into the market, the price will drop below 10%.
Considering that the German government did this sell-off for several weeks but in the end bitcoin recovered, so this is only temporary.

It is a FUD because the government sell big number of Bitcoin. It is normal if it can drop the price quite significantly. In the last few days, Bitcoin price has dropped from $70k to $62k. However, the current drop isn't caused by the German government, they already sold their Bitcoin. Now, it is probably caused by negative issue about war. Or maybe some MT Gox creditors start to sell their Bitcoin. However, it is true that it will be a temporary impact only. We shouldn't feel so worried because it will end soon, there will be green market again.

[debra]

This is a decision from Germany and they already understand the risks that exist so they prefer to sell Bitcoin at the current price. Bitcoin will always recover its price when there is a dump because the demand for Bitcoin is very high and also the support is very strong making it difficult for Bitcoin to go down to a low price again. As we see and as you mentioned on the exchange the price of Bitcoin is increasing again.

German government needs the money, they don't care with the price of Bitcoin. When they think to sell the Bitcoin, they will sell it immediately. We don't too surprise because they are not real holders, German government got the Bitcoin from some crypto cases. Sure, it dropped the price significantly but the market have recovered after they the sold the Bitcoin. But now the market drops again because of another factor. It may take few days for correction, the price of Bitcoin must increase again.

[salad daging]

The sell-off by the government will be a FUD as the news will continue to be fried negatively causing the price to drop, naturally because there are many units being dumped into the market, the price will drop below 10%.
Considering that the German government did this sell-off for several weeks but in the end bitcoin recovered, so this is only temporary.

It is a FUD because the government sell big number of Bitcoin. It is normal if it can drop the price quite significantly. In the last few days, Bitcoin price has dropped from $70k to $62k. However, the current drop isn't caused by the German government, they already sold their Bitcoin. Now, it is probably caused by negative issue about war. Or maybe some MT Gox creditors start to sell their Bitcoin. However, it is true that it will be a temporary impact only. We shouldn't feel so worried because it will end soon, there will be green market again.

The German news is behind us because after it was over bitcoin recovered.
For the current decline there is certainly a negative effect from other news because many associate it, for the recipients of Mtgox creditors it is said that the recipients do not sell they prefer to HODL that's what I know the opinion of reddit.
Of course this is not yet clear about the decline, what is clear is that now is the time to buy.

[alltalk]

The German news is behind us because after it was over bitcoin recovered.

Agree. There is no more German government issue about selling big numbers of Bitcoin because they already sold all the Bitcoin. Now, we have new issues related to US government reported moving around 29,799 Bitcoin. We also have the issues about Israel vs Iran war and MT Gox creditors selling Bitcoin.

For the current decline there is certainly a negative effect from other news because many associate it, for the recipients of Mtgox creditors it is said that the recipients do not sell they prefer to HODL that's what I know the opinion of reddit.
Of course this is not yet clear about the decline, what is clear is that now is the time to buy.

It is very possible that MT Gox creditors sold their Bitcoin because Bitcoin was around $70k few days ago. Since they have many Bitcoins, it is normal if they want to convert some of them to dollars. By the way, the issue of US government seems bring impacts on the market as well. I read the news that they move 29,799 Bitcoin. It makes people to feel afraid with crypto market.

News: https://dailyhodl.com/2024/07/31/us-government-moves-over-29799-bitcoin-btc-worth-2020000000-heres-where-its-headed/

[salad daging]

For the current decline there is certainly a negative effect from other news because many associate it, for the recipients of Mtgox creditors it is said that the recipients do not sell they prefer to HODL that's what I know the opinion of reddit.
Of course this is not yet clear about the decline, what is clear is that now is the time to buy.

It is very possible that MT Gox creditors sold their Bitcoin because Bitcoin was around $70k few days ago. Since they have many Bitcoins, it is normal if they want to convert some of them to dollars. By the way, the issue of US government seems bring impacts on the market as well. I read the news that they move 29,799 Bitcoin. It makes people to feel afraid with crypto market.

News: https://dailyhodl.com/2024/07/31/us-government-moves-over-29799-bitcoin-btc-worth-2020000000-heres-where-its-headed/

Yes it could be that Mtgox creditors are selling their bitcoins, we don't know for sure, what is clear is that when they suffered losses when the price was $600 which I know from the news, try to imagine selling at $70K a few days ago then it was a profit that multiplied.

If the government moves its assets then this will be a reaction to the market so red, well investors or traders are panicking for fear that all bitcoins will be sold directly so that it has an impact on the market.

[doc]

Yes it could be that Mtgox creditors are selling their bitcoins, we don't know for sure, what is clear is that when they suffered losses when the price was $600 which I know from the news, try to imagine selling at $70K a few days ago then it was a profit that multiplied.

If the government moves its assets then this will be a reaction to the market so red, well investors or traders are panicking for fear that all bitcoins will be sold directly so that it has an impact on the market.

Yes, regarding the sale of bitcoin, which might, as you said, from cash Mt Gox, cause the price of bitcoin to plummet, we don't need to panic because the bullish season hasn't happened yet, it's still a long time away. It will likely happen early next year. It's best if we see the market experiencing a correction and prices are decreasing, we buy bitcoin to add to the bitcoin collection in our wallet.

[Fivestar4everMVP]

Yes it could be that Mtgox creditors are selling their bitcoins, we don't know for sure, what is clear is that when they suffered losses when the price was $600 which I know from the news, try to imagine selling at $70K a few days ago then it was a profit that multiplied.

If the government moves its assets then this will be a reaction to the market so red, well investors or traders are panicking for fear that all bitcoins will be sold directly so that it has an impact on the market.

Yes, regarding the sale of bitcoin, which might, as you said, from cash Mt Gox, cause the price of bitcoin to plummet, we don't need to panic because the bullish season hasn't happened yet, it's still a long time away. It will likely happen early next year. It's best if we see the market experiencing a correction and prices are decreasing, we buy bitcoin to add to the bitcoin collection in our wallet.

I am not trying to sound pessimistic but what if there is really not going to be a bull season again? I mean, this is something we have discussed on this forum in the past not far from now, the price of bitcoin if compared to the price it was late last year, you did discover that it has done really well this year, bitcoin has grown from the price if $15k last year to over $70k in this  year, what if this is the bull run we all are waiting for? Which simply means that we are now back to hear season?

Like I said before, I am not trying to sound or appear negative, but I guess it's time we just have to start living for the moment until a bull run comes actually.

[Metha Wulandarin]

Yes, as long as you hold the most Bitcoin has not made a sale Bitcoin will remain safe, maybe we will never see the price of Bitcoin below $20k, maybe the lowest price in 2023 will be the lowest price of bitcoin for the future.

I think most people are holding Bitcoin more then 50% of their assets because Bitcoin should be the priority of our investment. You're right, it will be safe if we have more Bitcoin in our wallets. Buying Bitcoin in 2022-2023 must be very cheap, the price can be around $20k. Even the price of Bitcoin was below $20k in 2022. We don't know the price of Bitcoin in the future, but I'm very sure it must be above the current price in the next year. People said the peak of Bitcoin price is probably in 2025, so it is very safe to keep holding the Bitcoin.

Everyone remains focused on Bitcoin because everyone sees from the history of Bitcoin's journey every year, now the lowest point of Bitcoin is at the price of $56k this price is the lowest support point if this point is passed or Bitcoin drops past the price of $56k there is a possibility of a continuous decline and the potential to return to ATH it may take a long time.

[salad daging]

Yes it could be that Mtgox creditors are selling their bitcoins, we don't know for sure, what is clear is that when they suffered losses when the price was $600 which I know from the news, try to imagine selling at $70K a few days ago then it was a profit that multiplied.

If the government moves its assets then this will be a reaction to the market so red, well investors or traders are panicking for fear that all bitcoins will be sold directly so that it has an impact on the market.

Yes, regarding the sale of bitcoin, which might, as you said, from cash Mt Gox, cause the price of bitcoin to plummet, we don't need to panic because the bullish season hasn't happened yet, it's still a long time away. It will likely happen early next year. It's best if we see the market experiencing a correction and prices are decreasing, we buy bitcoin to add to the bitcoin collection in our wallet.

I am not trying to sound pessimistic but what if there is really not going to be a bull season again? I mean, this is something we have discussed on this forum in the past not far from now, the price of bitcoin if compared to the price it was late last year, you did discover that it has done really well this year, bitcoin has grown from the price if $15k last year to over $70k in this  year, what if this is the bull run we all are waiting for? Which simply means that we are now back to hear season?

Like I said before, I am not trying to sound or appear negative, but I guess it's time we just have to start living for the moment until a bull run comes actually.

If there is no bullrun this season then we should be able to HODL again there is no other way but to wait for the next cycle isn't it and how about our challenge to get through that and get through another bear market? We can survive again if indeed the bullrun only reaches $70K.

Anything can happen in bitcoin, historical cycles will not always be the same as previous history, maybe it will be different this time, it's just that optimism is always there that the bullrun next year, if it doesn't happen then we have to accept what the market conditions are now.