Are you worried about the US Government moving BTC?

[Mr. Magkaisa]

Bad news will only have a temporary impact on the market, because after that the market will find its rhythm again. The main factors of price are demand and supply, when bad news is likely demand will decrease due to investor concerns, some will even sell their coins at a loss because of panic. But I don't think this will last long, I believe bitcoin will rise again when demand starts to rise.

I think some people sell their Bitcoin to mitigate their positions, some of this people that sell Bitcoin don't have choice because they operate with leverage trading which involves some high risk and when Bitcoin move against their predictions, they quick to unload their Bitcoin into the market which cause a quick squash on the market price.

I want to see more demand other this US government thing, if Trump get played again and Kamala get into the office, the Bitcoin price will be screwed and probably get manipulated by the whales again for their own personal gains.

       -      If a country's government has a huge amount of Bitcoin, we can consider it one of the whales that has the ability to somehow lower the price of Bitcoin in the market. But it is not for sure that the price of Bitcoin will also recover.

Because there may also be other governments that, due to the sale of a large amount of bitcoin by a country's government, for sure once the price of bitcoin drops, they will take advantage of it to make a dip in bitcoin, lowering its price in the market by a large amount of bitcoin, so the tendency is that the price of bitcoin will also rise again, apart from the other crypto holders around the world.

[nakmantu99]

       -      If a country's government has a huge amount of Bitcoin, we can consider it one of the whales that has the ability to somehow lower the price of Bitcoin in the market. But it is not for sure that the price of Bitcoin will also recover.

Because there may also be other governments that, due to the sale of a large amount of bitcoin by a country's government, for sure once the price of bitcoin drops, they will take advantage of it to make a dip in bitcoin, lowering its price in the market by a large amount of bitcoin, so the tendency is that the price of bitcoin will also rise again, apart from the other crypto holders around the world.

Actually, we don't need to worry about the whales' game at the moment, because the bullish season hasn't happened yet and it's possible that whales will try to lower the price of bitcoin to be able to buy bitcoin at a low price before the bullish season. Once they get what they want, it's possible that the price of bitcoin will return to normal. And during the bullish season they will sell their bitcoins and make a profit.

[KryptoBull]

Actually, we don't need to worry about the whales' game at the moment, because the bullish season hasn't happened yet and it's possible that whales will try to lower the price of bitcoin to be able to buy bitcoin at a low price before the bullish season. Once they get what they want, it's possible that the price of bitcoin will return to normal. And during the bullish season they will sell their bitcoins and make a profit.

I don't view governments as whales, regardless of what conspiracy theories might suggest or speculate about for the sake of media buzz. Governments have long had their own regulations regarding the liquidation of assets from criminals, and they're simply applying these rules mechanically, like the German government. The US government also has a habit of moving BTC for various purposes, such as liquidations or enhancing the security for their BTC.

Perhaps governments haven't yet succumbed to FOMO to the point of engaging in dump-and-pump schemes to increase the amount of BTC in their budgets, as this is a significant matter that requires congressional approval and public disclosure, similar to what El Salvador did. I believe that BTC is merely a tool being misused for political purposes in the US during this election: Trump wants to make BTC a national reserve asset, but someone is constantly moving BTC as if they intend to sell everything before Trump can become president and implement his grand plans.

[Kemarit]

       -      If a country's government has a huge amount of Bitcoin, we can consider it one of the whales that has the ability to somehow lower the price of Bitcoin in the market. But it is not for sure that the price of Bitcoin will also recover.

Because there may also be other governments that, due to the sale of a large amount of bitcoin by a country's government, for sure once the price of bitcoin drops, they will take advantage of it to make a dip in bitcoin, lowering its price in the market by a large amount of bitcoin, so the tendency is that the price of bitcoin will also rise again, apart from the other crypto holders around the world.

Actually, we don't need to worry about the whales' game at the moment, because the bullish season hasn't happened yet and it's possible that whales will try to lower the price of bitcoin to be able to buy bitcoin at a low price before the bullish season. Once they get what they want, it's possible that the price of bitcoin will return to normal. And during the bullish season they will sell their bitcoins and make a profit.

We are already at the bullish season if I'm not mistaken, halving is completed and this is the catalyst for a bull run. Although we need to wait for months before we can finally see a massive uptick in the price. Nevertheless, we have reach all time high already at $73,000 but it is not the peak.

And I think we shouldn't worry not just the US government, but any other government for that matter when they move their Bitcoin. It might have impact in the price, but still when we are in the bull run, no matter what the negative news are, the price is going to march into a new all time high and in this cycle, $100,000 might be waiting for us in 2025.

[nakmantu99]

We are already at the bullish season if I'm not mistaken, halving is completed and this is the catalyst for a bull run. Although we need to wait for months before we can finally see a massive uptick in the price. Nevertheless, we have reach all time high already at $73,000 but it is not the peak.

And I think we shouldn't worry not just the US government, but any other government for that matter when they move their Bitcoin. It might have impact in the price, but still when we are in the bull run, no matter what the negative news are, the price is going to march into a new all time high and in this cycle, $100,000 might be waiting for us in 2025.

We should not care about the negative news circulating if we already have a long-term hold goal. Bullish season will happen next year, don't care about the US, Germany etc. We remain focused on looking at the sales plan that we have targeted. I planned to sell bitcoin at $100K, but I sold some of my bitcoins.

[KryptoBull]

We are already at the bullish season if I'm not mistaken, halving is completed and this is the catalyst for a bull run. Although we need to wait for months before we can finally see a massive uptick in the price. Nevertheless, we have reach all time high already at $73,000 but it is not the peak.

And I think we shouldn't worry not just the US government, but any other government for that matter when they move their Bitcoin. It might have impact in the price, but still when we are in the bull run, no matter what the negative news are, the price is going to march into a new all time high and in this cycle, $100,000 might be waiting for us in 2025.

If whales truly want to profit, they would follow market behaviors instead of trying to manipulate at all costs, as that would require a lot of money and time. We've had the halving and can be optimistic about market growth, because whales have no reason to break the cycle of BTC price.

Besides El Salvador, I don't consider other governments as whales, they are just external entities that happen to own a lot of BTC from criminals. We shouldn't worry too much about this because the upward trend is still ongoing on the BTC price chart, although occasional sell-offs from them can cause significant market fluctuations.

[doc]

We are already at the bullish season if I'm not mistaken, halving is completed and this is the catalyst for a bull run. Although we need to wait for months before we can finally see a massive uptick in the price. Nevertheless, we have reach all time high already at $73,000 but it is not the peak.

And I think we shouldn't worry not just the US government, but any other government for that matter when they move their Bitcoin. It might have impact in the price, but still when we are in the bull run, no matter what the negative news are, the price is going to march into a new all time high and in this cycle, $100,000 might be waiting for us in 2025.

If whales truly want to profit, they would follow market behaviors instead of trying to manipulate at all costs, as that would require a lot of money and time. We've had the halving and can be optimistic about market growth, because whales have no reason to break the cycle of BTC price.

Besides El Salvador, I don't consider other governments as whales, they are just external entities that happen to own a lot of BTC from criminals. We shouldn't worry too much about this because the upward trend is still ongoing on the BTC price chart, although occasional sell-offs from them can cause significant market fluctuations.

Maybe the ones who can really manipulate the market are a group of whales because if there is only one whale, it is difficult for them to manipulate the market, because it takes a lot of funds to do so. El Salvador is a country that pioneered legalizing bitcoin as a payment method, maybe the El Salvador government has a lot of bitcoin. This is just a guess.

[KryptoBull]

Maybe the ones who can really manipulate the market are a group of whales because if there is only one whale, it is difficult for them to manipulate the market, because it takes a lot of funds to do so. El Salvador is a country that pioneered legalizing bitcoin as a payment method, maybe the El Salvador government has a lot of bitcoin. This is just a guess.

We can track on-chain data related to many whale wallet addresses and can only know the identities behind those addresses when the information is publicly disclosed. Usually, everything is confidential, and only professional on-chain analysts have the ability and data to predict whale actions.

Governments typically focus on managing and operating based on tax revenue from citizens. I don't think they're willing to use public funds to trade or manipulate the crypto market by moving or selling tokens to dump, then secretly buying them back somehow. Even the US government isn't necessarily a whale because their BTC movements are usually not associated with major market fluctuations.

[Wiseman]

The transfer and sale of large amounts of bitcoins by the government is certainly not good, but this is a very small part of these bitcoins. It is worth worrying if they start selling large wallets that are more than 10 years old and which make up half of the entire issue. Then it is worth thinking about a temporary release of their cryptocurrencies, and not even in USDT, but in euro or dollar.

[KryptoBull]

The transfer and sale of large amounts of bitcoins by the government is certainly not good, but this is a very small part of these bitcoins. It is worth worrying if they start selling large wallets that are more than 10 years old and which make up half of the entire issue. Then it is worth thinking about a temporary release of their cryptocurrencies, and not even in USDT, but in euro or dollar.

We cannot know for sure how much BTC governments hold. Everything is reported and recorded based on the information they provide, and we temporarily believe these figures. The conspiracy theory about the US government creating BTC and holding Satoshi's 1M BTC is quite intriguing but unproven.

Currently, the market has gradually become accustomed to events involving large-scale movements or sell-offs of BTC. This will be a part of the future market if governments hold BTC in their national reserves. We need to get used to them but also avoid being negatively impacted by this news.

[gunhell16]

       -      If a country's government has a huge amount of Bitcoin, we can consider it one of the whales that has the ability to somehow lower the price of Bitcoin in the market. But it is not for sure that the price of Bitcoin will also recover.

Because there may also be other governments that, due to the sale of a large amount of bitcoin by a country's government, for sure once the price of bitcoin drops, they will take advantage of it to make a dip in bitcoin, lowering its price in the market by a large amount of bitcoin, so the tendency is that the price of bitcoin will also rise again, apart from the other crypto holders around the world.

Actually, we don't need to worry about the whales' game at the moment, because the bullish season hasn't happened yet and it's possible that whales will try to lower the price of bitcoin to be able to buy bitcoin at a low price before the bullish season. Once they get what they want, it's possible that the price of bitcoin will return to normal. And during the bullish season they will sell their bitcoins and make a profit.

At this point that you are saying, dude, I agree with that we should not be worried about those whale investors; in fact, instead of us worrying about what they should be worried about, let's do our best because that will also be their weakness in the end.

Although whale investors do not have the same thoughts, we who are not as rich as them should not lose hope and continue to be patient because, for sure, in the end we will succeed.

[rizqillah]

At this point that you are saying, dude, I agree with that we should not be worried about those whale investors; in fact, instead of us worrying about what they should be worried about, let's do our best because that will also be their weakness in the end.

Although whale investors do not have the same thoughts, we who are not as rich as them should not lose hope and continue to be patient because, for sure, in the end we will succeed.

People with big capital always have big profit opportunities and they are calmer in looking at the market. Even a group of whales will also manipulate the market and this is a fact that happens. We don't need to worry about whales, because we should follow their game to get profit. I agree with this opinion.

[KryptoBull]

People with big capital always have big profit opportunities and they are calmer in looking at the market. Even a group of whales will also manipulate the market and this is a fact that happens. We don't need to worry about whales, because we should follow their game to get profit. I agree with this opinion.

With existing on-chain analysis tools, we can find traces of whale BTC movements, but it's really difficult to guess their true intentions: are they moving to decentralize storage, to mislead investors, or to sell off for profit? The movement of BTC by the US government is also quite puzzling, and we usually only know their true purpose after they make an announcement.

Swimming with the whales to make a profit is something many investors desire, but it's sometimes quite difficult to do because the whales capital is almost endless. They can withstand losses, they can manage risk, and they can allocate capital extremely efficiently. If an investor goes all-in on a token just because it's in a whale's portfolio, that investor may still face losses if the token is abandoned or doesn't form a price pattern suitable for pumping.

[Jating]

The transfer and sale of large amounts of bitcoins by the government is certainly not good, but this is a very small part of these bitcoins. It is worth worrying if they start selling large wallets that are more than 10 years old and which make up half of the entire issue. Then it is worth thinking about a temporary release of their cryptocurrencies, and not even in USDT, but in euro or dollar.

We cannot know for sure how much BTC governments hold. Everything is reported and recorded based on the information they provide, and we temporarily believe these figures. The conspiracy theory about the US government creating BTC and holding Satoshi's 1M BTC is quite intriguing but unproven.

You can used this tracker to see how much the US government and other entities hold as far as crypto goes,

https://platform.arkhamintelligence.com/explorer/entity/usg

U.S. Government

$12,427,947,836.20

Currently, the market has gradually become accustomed to events involving large-scale movements or sell-offs of BTC. This will be a part of the future market if governments hold BTC in their national reserves. We need to get used to them but also avoid being negatively impacted by this news.

Maybe, but from time to time, there are still some news that can really affect us in any way, shape or form. Just like what there is a news that the German government is offloading. It negatively impacted the price. But so far, the US government hasn't had any movement at all, they still holds 203.239K BTC and other major crypto assets.

[Wiseman]

The transfer and sale of large amounts of bitcoins by the government is certainly not good, but this is a very small part of these bitcoins. It is worth worrying if they start selling large wallets that are more than 10 years old and which make up half of the entire issue. Then it is worth thinking about a temporary release of their cryptocurrencies, and not even in USDT, but in euro or dollar.

We cannot know for sure how much BTC governments hold. Everything is reported and recorded based on the information they provide, and we temporarily believe these figures. The conspiracy theory about the US government creating BTC and holding Satoshi's 1M BTC is quite intriguing but unproven.

Currently, the market has gradually become accustomed to events involving large-scale movements or sell-offs of BTC. This will be a part of the future market if governments hold BTC in their national reserves. We need to get used to them but also avoid being negatively impacted by this news.

I agree with you and I also heard this about who created Bitcoin, but you must understand that this is all guesswork and not the real truth, even if it is so, you cannot be sure that they will be able to do it the way they want, perhaps everything has long since gotten out of control and the price of Bitcoin is already much higher than someone wanted, including the American government, which is why they decided to sell their share of Bitcoin, but you are right in that you need to follow such news.