Are you worried about the German government dumping 50k BTC?

[JoyMarsha]

Why would I be worried when I wanted the market to go down a bit more before it began to bounce back.

The way it just seems, it's like the German government didn't sell off their bitcoin as presumed. I think they have it saved up somewhere, giving the impression they have sold their bitcoin, why they haven't yet. 50k worth of bitcoin can't be sold and the market looks strong not shaken(bitcoin is  $60k + price). Is it not funny?

[vegasus]

Germany has actually done it and they have finished transferring their BTC for sale. And in the end, the market drops stopped and there was an increase. In fact, after a few days of their BTC being sold, it became quite good, because at least, wouldn't the bad news end here. And the price retest stopped at support. At least, look now, the price of Bitcoin has even started to rise again, and so have altcoins which have started to appear green on the graph. Yesterday was a panic simply because of the coinciding sale of BTC from the German government and also the MT Gox issue. It's just that we can get through it easily, right? Maybe the market will correct again, so shouldn't we be ready again for the market in front of us?

[LogitechMouse]

I would like to know your opinion on this issue:

• 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?

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.

2. Positive perspective? I guess the fact that we can buy Bitcoin at a much lower price is the positive one on this event. Of course, those who will take the risk are the ones that will make more profit with this event. Those who have spare money to buy more Bitcoin are the winners. Those who take opportunities are the one that will be having that much profit.

3. Yes. I don't make decisions off of the events that are happening and in fact, I didn't know that the German government had this much Bitcoin until I read some articles online. I distanced myself from articles that are related to cryptocurrency for weeks or even months already hence, I didn't know anything about this one. I believe those old investors not only hold, but also took the opportunity to buy even more Bitcoin and of course, those who panicked sold their holdings and lost money.

[Makus]

Things like this has been happening and they will still keep on happening because we still have more whales who sell and buy ever now and then. 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, even as the price is now at $60 it's still a good price to keep accumulating aggressively before this might lead to the famous bull after the Halving, though I'm not 100% certain but being prepared for anything is important so you don't get thrown off balance.

[PX-Z]

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.

[Kemarit]

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.

Good for you, yeah, when the price hits it's lowest low at $54,000, there could be panic for some, but then again, that is another good price to get into the picture so why now. But now, everyone is buying again after it was reported that the German government has dumped everything. And if others worried, then just look at the price again, it goes to $60,000 already. So for those who are worried, probably they know how resilient the market is. And you just put your self in stress as now we have bounce back already.  Although this July we are still in the negative (-2%), we still have 2 weeks to go before the end of this month. So plenty of time to be able to recover and who knows, maybe, we will be around $63,000 the next barrier that we need to reach.

[philipma1957]

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.

[Makus]

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.

[KryptoBull]

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.

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.

[NotATether]

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.

Send them an email pressuring them to distribute the bitcoins to the creditors faster - that always works to get a whale to dump even more coins on the market to depress the price.

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.

Now the only thing we have to worry about is if El Salvador somehow buys up the entire stash of Bitcoins and we'll never be able to buy at this price again.

[robelneo]

The community is now mature enough to fully understand what's the consequences and how the market performs so the community is unbothered, we've seen it so many times in the past and we will see more of this in the future.

The German should have hodl those Bitcoin, but they prefer to dump it since it is a conficated bitcoin. They do not have an investment here; there will be another possible dumping in the case of Mt.Gox.

[philipma1957]

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.

[UNIVERSE]

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.

Well, those people who bought Bitcoin or altcoins few days ago, they can take profits now. But I think they will keep holding until Bitcoin hits $70k again at least.

[Gposas]

My opinion is this...
The German government selling off their BTC worth over 50k kept me worried in a way, because the range of trend was dragged down, causing a swift drop in price. I was disturbed because as a trader, I have already made a buy order along the previous trend before the dump... And we all know what that means. But on the other way round, I still had some capital to buy below so I endured the loss I was already experiencing and held on to buy again at the dip. And with the green candle the crypto market experienced within the past week, I was able to realize all loses, both on BTC and Altcoins.
So as a trader, one is likely to get worried in a way.

[dwyane36]

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.