Justin Sun wants to buy all the bitcoins held by the German government..

[taufik123]

I agree that this is another one of those moments that Justin just trying to put the spotlight on himself again. I might not like what's currently happening in the market but let them trade the BTC freely. No public statements and no private negotiations or agreements needed between seller and buyer.

Free market, decentralized market and anyone can do it.
Justin is very smart to take advantage of every big moment so that he is always in the spotlight and this will also affect his own business.

Justin is always involved in some issues that are quite hype and he comes like a helping angel and so on.
A good self-image makes Justin survive to this day.

[Lucius]

If could recall correctly I don't think there is any way to purchase all the bitcoin in the market where bitcoin total market cap is Worth trillions of dollars, which government could ever want to involved in such deal and what is the total DGP of german if not about ~$4.trillion dollars and the overall cryptocurrency marketcap is around $2.03 trillion dollars, and what risk are they putting their country GDP? Well, there may be some people who would never want to sell their bitcoin irrespective of how high the price could be they wouldn't want to sell so it is very hard to buy off all the bitcoin on the market. Maybe except I am not comprehending your post correctly.

First of all, you should not take the marketcap as something that reliably shows the total value of all coins/tokens - because it is very easy to manipulate these numbers and show a value that is much higher than it actually is.

In addition, the "buy all BTC" mission is actually an impossible mission, because first of all, not everyone will sell, part of the BTC is lost, and if someone were to embark on such a crazy mission, sooner or later they would simply run out of money - such great demand would push the price to unprecedented heights.

[Stompix]

If could recall correctly I don't think there is any way to purchase all the bitcoin in the market where bitcoin total market cap is Worth trillions of dollars, which government could ever want to involved in such deal and what is the total DGP of german if not about ~$4.trillion dollars and the overall cryptocurrency marketcap is around $2.03 trillion dollars, and what risk are they putting their country GDP? Well, there may be some people who would never want to sell their bitcoin irrespective of how high the price could be they wouldn't want to sell so it is very hard to buy off all the bitcoin on the market. Maybe except I am not comprehending your post correctly.

The German government doesn't want to buy more!
They confiscated assets and by law, they have to sell it, Justin and others are afraid that such a huge dump in a market would trigger a panic and they want the sale OTC to protect the price!

The whole thing is ridiculous since they are actually afraid of a free market, they want a deal behind the counter to manipulate the price, and I don't understand how no one sees that this is just like a bank trying to limit a bank run imposing limits or asking people to withdraw in other banks accounts not direct cash!

For instance, are they out to assist the market or rather assist themselves?

That's not even a question! They want to "protect" something just so their finances don't get hurt!

and if someone were to embark on such a crazy mission, sooner or later they would simply run out of money - such great demand would push the price to unprecedented heights.

But if they run out of money because their buying spree has made the price go up from 60k to 6 000k, doesn't this mean they would have made on average 50x profits assuming linear growth? 

[NotATether]

Rather than buying directly all the coins from the German government, why not place an order for 50 000 BTC at the current price on exchanges if he has the money? It's the same thing, someone dumps 50k someone puts a wall of 50k buy, no need for OTC deals that he will never actually do outside Twitter.

2023:
Justin Sun to FTX Rescue? TRON Founder wants to Buy Assets to Halt Market Dump
2024:
Justin Sun Offers to Buy $2 Billion in Bitcoin From Germany to 'Minimize' Market Impact
2189:
Justin Sun offers to buy all the debt of Milkyway Galaxy Federation to halt a Market Dump

Justin Sun should be wary about doing business with governments since the SEC has a target on his back and the governments share intel with each other. I am surprised he is this brazen 

Anyway, if he actually buys this stuff, I wonder what he would actually do with the stash. He's definitely not holding it (as a shitcoiner), he probably moves it to some other exchange and sells it off for Tron or one of his other projects to pump it.

[Stompix]

Justin Sun should be wary about doing business with governments since the SEC has a target on his back and the governments share intel with each other. I am surprised he is this brazen 

Why? Tim Draper bought 30,000 coins, and nobody cared, hundreds of people bought coins from auctions and nobody was in trouble for that! What you're actually trying to say is that Jutsin Sun with all his wrong doings and with all his tricks to not get in trouble doing some illegalities again, like wash trading and unregistered securities as he has done before!

He's definitely not holding it (as a shitcoiner), he probably moves it to some other exchange and sells it off for Tron or one of his other projects to pump it.

What would be the point, he could use that money to pump Tron now!

[pakhitheboss]

Saw this news circulating on another forum which was relevant to this topic. I thought of sharing it with the community. Germany’s Surprise $111 Million Bitcoin Buyback. It seems Germany is looking to utilize this dip to make more profit for themselves. I can vouch they will be selling those bought Bitcoin when the price goes up. Isn't hypocrisy is looking at its best.

[Freemind]

Justin Sun is not going to buy anything from the German government, not even a Volkswagen... That guy has always wanted to be the center of attention for many years with similar statements, using X/Twitter so that as many people as possible see it. Sometimes I have thought that his ego forces him to feel or believe himself to be "the savior of the industry", when in reality all he has done is leave Tron more dead than alive, without caring in the slightest what may happen next. Those statements from Sun are just a child asking for attention.

[Stompix]

Sometimes I have thought that his ego forces him to feel or believe himself to be "the savior of the industry", when in reality all he has done is leave Tron more dead than alive, without caring in the slightest what may happen next.

This is the funny part, I wonder how people who have put their money in the hype back in 2018 with Tron and haven't seen yet a profit feel when this guy is saying he will buy billions of BTC while tron itself is the one indeed of fund injections!
I wonder how long it will take for him to claim he wants to buy the MtGox coins also!

[Freemind]

This is the funny part, I wonder how people who have put their money in the hype back in 2018 with Tron and haven't seen yet a profit feel when this guy is saying he will buy billions of BTC while tron itself is the one indeed of fund injections!
I wonder how long it will take for him to claim he wants to buy the MtGox coins also!

What you say reinforces the idea that Justin Sun no longer has interest in Tron, maybe because he already got what he wanted to have, honestly, after so long I can't find any other explanation. But I am also sure that he will continue making statements with big headlines to continue attracting the attention of users and the media, when everyone knows that he will not do anything he says.

Sometimes I think that Sun lives in a parallel reality or something similar, while Tron investors see how their investment remains undeveloped.

[Stompix]

But I am also sure that he will continue making statements with big headlines to continue attracting the attention of users and the media, when everyone knows that he will not do anything he says.

I think he is more diabolical than this, he not only seeks attention but also wants an army of social media users to see him as the savior, he has seen the power of that and how it has worked in favor of a lot of guys when the law is reaching out for them and how users that made 10 cents in an airdop would defend online a 1 billion tax evasion case or even outrageous rug pulls.

All these guys with serious problems trying to find unconditional support in crypto users make some think it's no coincidence at all. Look how people are bootlicking Saylor despite the fact the guy is in only for the money, and how easy is to make them think that if somebody loves crypto they are good guys no matter what!

[dkbit98]

Oh this Justin guy is such a clown and he has to turn everything into circus 
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.

[Fivestar4everMVP]

Oh this Justin guy is such a clown and he has to turn everything into circus 
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.

You have definitely and for sure been right alot of times, but let me say that this which you have said above is the ultimate of all, absolutely correct.

I did a transaction on Tron recently, this was like a couple of weeks ago, and the outcome (in terms of fees) was absolutely disgusting (really wish there was a better word to use to describe how bad it was), imagine selling tokens worth about $22 on a Dex on Tron network, and after the completion of the transaction, what I saw in my wallet was $7.22 usdt, the rest was taken on fees, I felt I was robbed, got really angry and sold every single tokens from different projects I held on Tron network, which of course I made a huge loss on (but at that point, that really did not bother me), I sent the proceeds to binance, then set my remaining Trx to Binance as well for selling, then I deleted my Tronlink wallet for good.
Tron used to be one of the cheapest blockchains but I don't know what happened, things changed overnight, and Justin Sun has always been an attention seeker, always looking for  something to boast about, really don't like that part of him, but all the same, if that's his selling point, what can I say..

+1 btw

[UNIVERSE]

That guy just want to have attention of crypto users and he's not someone who may dare to purchase Bitcoin from anyone.

He just want free promotion for TRON and that's why he make such useless statements which he even can't execute in real. I can't trust someone like Justin Sun because he only speaks and never take any action.

I think Justin SUN doesn't really need the attention from people. He is a popular man in crypto space. He can easily attract people with other ways.

Justin SUN won't promote Tron in that way. He must realize it won't bring positive impacts on Tron. If he wants to promote Tron, he must get a better idea. Tron is also not really needed to promote, people already know Tron very well. So if Justin SUN wants to buy the Bitcoin, he may try to stabilize the market condition.

[Kemarit]

Oh this Justin guy is such a clown and he has to turn everything into circus 
While pretending he wants to buy BTC from German gov, he is just trying to get more attention on his shitcoin project because he is planning to make big changes with tron again.
Bunch of people stopped using USDT stablecoin on his network because of crazy fees and complicated bandwidth energy crap.

True, not the first time that we have heard from this clown, https://www.coindesk.com/markets/2020/02/06/trons-justin-sun-finally-gets-45m-dinner-with-warren-buffett/

But in any case, he is late already, the German government has almost dumped everything and I doubt that he will get his hand for even a satoshi. Down to 6 BTC holdings for the German now.

In any case, prices goes to $56,000 but doesn't matter at all, market is still very strong and another good time to buy.

[NotATether]

Snip

That guy just want to have attention of crypto users and he's not someone who may dare to purchase Bitcoin from anyone.

He just want free promotion for TRON and that's why he make such useless statements which he even can't execute in real. I can't trust someone like Justin Sun because he only speaks and never take any action.

If he wants free promotion, he should just buy up the entire Hamster Kombat infrastructure along with all the users and make them receive their rewards in TRX after merging the coin into some TRC-20 token.

I'm sure many people will thank him for lining their pockets with wealth /s