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

[Hamza2424]

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.

[JoyMarsha]

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

[Jating]

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

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.

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.

[bee]

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The selling action will not be as aggressive as the German government.

You are right, it is around 5k per person (5.8k).

As I predicted, there was no aggressive selling (although we don't know if there were thousands of limit/SL orders, lol).

Mt. Gox creditors received #Bitcoin 4 hours ago.
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.

https://x.com/i/status/1815871183549604051

It can be concluded that the recent correction is not from creditor selling, just the effect of the news.
My next scenario, if there is a massive withdrawal action to private wallets, we can conclude that the price dump will not occur until at least the next 2 quarters.

[KryptoBull]

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.

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 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.

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!

[MUGNIA]

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.

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 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.

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 regret

[KryptoBull]

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 regret

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 think the recent event is part of a whale's plan to get investors to sell their tokens at a low price and give profits to more deserving investors. If Mt.Gox customers continue to hold after receiving BTC, I believe we will soon see an uptrend in the market as soon as BTC creates a new ATH.

[|MINER|]

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.
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.

[KryptoBull]

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.
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.

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.

I believe that each investor action comes from their own calculations. They act this way because they think they have accurately predicted the market. I will wait for more reports on the accumulation status of whales from Glassnode to know exactly what they have been doing recently. I personally believe that whales have enough capacity to understand that we are about to have an uptrend and they will continue to accumulate more BTC even though they sometimes sell to manipulate the market.

[ZAINmalik75]

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.

[JunaidAzizi]

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.

[|MINER|]

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%.
Before I knew that the big whales are trying to manipulate the market, now I see that the government of some countries is going to write their names in this book. But no matter how much they try to manipulate. This price drop will only be for a short period of time, I also think this is an opportunity to accumulate bitcoins at low prices.

[Faisal2202]

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.

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.

[|MINER|]

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.

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.

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.

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?

[ZAINmalik75]

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.