German economy struggles while selling crypto

[Z-tight]

Salvador has had for two consecutive years the lowest economic growth in Central America, but god forbid we talk about it as it would be...FUD, right?  Now Germany sells a few Bitcoins worth not even 0.1% of their annual GDP and their economy crashes...

That is the truth that many bitcoiners do not want to talk about, instead they would prefer to live in the illusion that things are great economically for El Salvador since they made BTC a legal tender, but that is not the truth. We must understand what BTC really is, and how it cannot really help a country's economy, neither does selling it affect a country like Germany.

[Bobcrypto]

I doubt if there are any indications or economic reasons surrounding the German government offloading their Bitcoin. I think that the German government decided to sell off their Btc may be because price has really appreciated in recent time.
Again, German government Btc sales may not be associated with a struggling economy but may be because Bitcoin prices has increased dramatically this year and there was some critical needs to sales.

[Stompix]

That is the truth that many bitcoiners do not want to talk about, instead they would prefer to live in the illusion that things are great economically for El Salvador since they made BTC a legal tender, but that is not the truth. We must understand what BTC really is, and how it cannot really help a country's economy, neither does selling it affect a country like Germany.

The annoying part is that Bitcoinw as about verify don't trust, yet the mob is slowly moving back into the same direction as everything, where just tweets and memes without information are considered enough of a source today and as long as it's painting a good image nobody will ever consider doubting it.

[taufik123]

That is the truth that many bitcoiners do not want to talk about, instead they would prefer to live in the illusion that things are great economically for El Salvador since they made BTC a legal tender, but that is not the truth. We must understand what BTC really is, and how it cannot really help a country's economy, neither does selling it affect a country like Germany.

The annoying part is that Bitcoinw as about verify don't trust, yet the mob is slowly moving back into the same direction as everything, where just tweets and memes without information are considered enough of a source today and as long as it's painting a good image nobody will ever consider doubting it.

Living with the illusion of not really feeling the benefits, when Bitcoin became a legal currency but many people resisted.
But after all, a government like El Slavador has a lot to gain from the investment and mining that is made, but not from the transactions that take place.

Germany may be one of the countries that has not been able to make the most of their bitcoin and Germany can only sell it for a temporary profit.

[Faisal2202]

Oh yeah, people leaving Germany....in what alternate reality is that?

What I meant is, that they prefer to leave the country and settle in another country considering the facilitates and relaxation in financial terms they are getting. I am not saying they will just leave the country by facing struggles, while some might be. 

[Z-tight]

What I meant is, that they prefer to leave the country and settle in another country considering the facilitates and relaxation in financial terms they are getting. I am not saying they will just leave the country by facing struggles, while some might be. 

Do you have any proof of people leaving Germany in their numbers, for the reason you claim; surely the answer is no. Let us stop making too much out of it once we hear about countries that are not interested in BTC, i am a pro bitcoiner, but i know that not everyone or every country would care about BTC.

[Stompix]

Oh yeah, people leaving Germany....in what alternate reality is that?

What I meant is, that they prefer to leave the country and settle in another country considering the facilitates and relaxation in financial terms they are getting. I am not saying they will just leave the country by facing struggles, while some might be. 

Yeah, and I'm asking you in what reality is this happening?
Seriously, how many people are leaving Germany because all I can see in the news is people risking their lives and drowning at sea just for a chance to get to Europe and especially Germany, I don't see Germans trying to storm the borders of Mexico or Nigeria.
Look at the figures 60 000! people from Salvador were caught trying to cross the border illegally to the US, 1% of the country's population was caught trying to flee another country in just a year!

We seriously need to stop making macroeconomics being about Bitcoin, it's not!

[Lucius]

~snip~
People really need to understand the size of the German economy!

Not only Germany, but also other large countries within the European Union, but also the EU as a whole. When we look back two years since the start of the second phase of the war in Ukraine, how many articles were written about how the EU will literally collapse (first, of course, it will freeze) because there is no more cheap gas and oil.

The assumption that Germany is selling BTC to save its economy is one of the weirder things I've read lately.

[Z-tight]

The assumption that Germany is selling BTC to save its economy is one of the weirder things I've read lately.

Really it is and it is even weirder that people believe in such things, or maybe they don't and they are just upset that the sell off cause the price of BTC to tank temporarily. Events like these cannot keep the price of BTC down for a long time, but people should not make up propaganda against those selling BTC or who are not interested in it like we are.

[Stompix]

~snip~
People really need to understand the size of the German economy!

Not only Germany, but also other large countries within the European Union, but also the EU as a whole. When we look back two years since the start of the second phase of the war in Ukraine, how many articles were written about how the EU will literally collapse (first, of course, it will freeze) because there is no more cheap gas and oil.

The assumption that Germany is selling BTC to save its economy is one of the weirder things I've read lately.

Remember how we were supposed to:
- die in our houses of cold
- eat our hamster pets?
- no gasoline , no cars , no travel
- entire industry collapse
- skyrocketing unemployment

It's been two years and you can't get a damn booking in a hotel, I spend hours in traffic, everyone seeks workers and we've reached the highest levels of employment in the history of the EU, but still...we're supposed to go bankrupt. It's a 14 trillion economy that grew in the last quarter by only 0.3% but that means 42 billion so 10 times the amount of Bitcoins sold, that in just a quarter!!

[Faisal2202]

Yeah, and I'm asking you in what reality is this happening?
Seriously, how many people are leaving Germany because all I can see in the news is people risking their lives and drowning at sea just for a chance to get to Europe and especially Germany, I don't see Germans trying to storm the borders of Mexico or Nigeria.
Look at the figures 60 000! people from Salvador were caught trying to cross the border illegally to the US, 1% of the country's population was caught trying to flee another country in just a year!

We seriously need to stop making macroeconomics being about Bitcoin, it's not!

This is happening in this reality, I was not talking about the multiverse, if you will check some stats for example source 1 and Source 2, you will know that if people are dying to go to Germany then there are Germans who are leaving Germany to other Europe countries and some are moving to other parts of the world. It won't be right to say, if the news is showing you the ones side that people are dying for German occupation, and not considering the other side where people are also leaving Germany, and these are those people who have established something in their life and now they are trying to move into another country better than Germany.

In the first source, you can see the departures are, the data is not so specific to tell if those are unique departures means, the person departed might be counted in arrival counting too if comes back. But this number still gives some idea that people are leaving Germany not permanently. I was just trying to say at the start that people are leaving and coming to this country. And speaking of Salvador's, I did not know about that information, thanks for sharing. I am also trying to get a scholarship of Germany at the moment because I can afford to go to Germany.

[Lucius]

~snip~
People really need to understand the size of the German economy!

Not only Germany, but also other large countries within the European Union, but also the EU as a whole. When we look back two years since the start of the second phase of the war in Ukraine, how many articles were written about how the EU will literally collapse (first, of course, it will freeze) because there is no more cheap gas and oil.

The assumption that Germany is selling BTC to save its economy is one of the weirder things I've read lately.

Remember how we were supposed to:
- die in our houses of cold
- eat our hamster pets?
- no gasoline , no cars , no travel
- entire industry collapse
- skyrocketing unemployment

It's been two years and you can't get a damn booking in a hotel, I spend hours in traffic, everyone seeks workers and we've reached the highest levels of employment in the history of the EU, but still...we're supposed to go bankrupt. It's a 14 trillion economy that grew in the last quarter by only 0.3% but that means 42 billion so 10 times the amount of Bitcoins sold, that in just a quarter!!

I am not surprised that the picture of the EU outside the EU is quite different from the one we have who live here - because if we are honest, huge resources are invested in creating the impression that the EU is collapsing, that people live worse than before, and that the majority of Europeans are against helping our eastern neighbors, who are subjected to aggression.

I will not say that there are no people who do not migrate, but I also hear that a lot of people come to Europe from the US, especially to Portugal.

[Faisal2202]

What I meant is, that they prefer to leave the country and settle in another country considering the facilitates and relaxation in financial terms they are getting. I am not saying they will just leave the country by facing struggles, while some might be. 

Do you have any proof of people leaving Germany in their numbers, for the reason you claim; surely the answer is no. Let us stop making too much out of it once we hear about countries that are not interested in BTC, i am a pro bitcoiner, but i know that not everyone or every country would care about BTC.

Dear Z-tight I don't think you got the idea of what I was talking about, you must read my first post that I made on this thread and then read others. I was trying to say if the German economy is struggling, and they are not thinking about their future in the long run which can be clearly seen by their selling of BTC, but I know we can't just say they are not thinking about their future on single selling of a single asset. I was saying if the economy starts to scatter, and taxation will increase and business owners might prefer to move to and might want to start their business in some other country.

If you want a number of how many Germans who flew from Germany to some other countries just because they were fed up with taxation to back up my statement then I might not find that source link, but I did not say they already did but saying if things go wrong then in future. I will try to find past data as well, but a specific search of data is hard but I am sure these data will help you idealize. And speaking of being pro-bitcoiner, we all are, and we all don't really care at the moment about Germany, because they already made their move and in that move, I did not sell anything.

https://www.dw.com/en/germany-immigration-reaches-record-high-in-2022/a-66042319
https://www.destatis.de/EN/Themes/Society-Environment/Population/Migration/_node.html#1189580
https://www.infomigrants.net/en/post/58069/germany-net-immigration-sinks-sharply-in-2023
https://www.infomigrants.net/en/post/58508/skilled-professionals-leaving-germany-for-other-english-speaking-countries

[Stompix]

I was trying to say if the German economy is struggling, and they are not thinking about their future in the long run which can be clearly seen by their selling of BTC, but I know we can't just say they are not thinking about their future on single selling of a single asset. I was saying if the economy starts to scatter, and taxation will increase and business owners might prefer to move to and might want to start their business in some other country.

Can you stop with the struggling economy of Germany?
Seriously if the German economy is struggling let's make a head-to-head with your country and see what that leads to, deal???
Common, it would be nice to see how it is when strangers talk about your country!

If you want a number of how many Germans who flew from Germany to some other countries just because they were fed up with taxation to back up my statement then I might not find that source link

Again you talk about things you don't understand.
People in every country move in and out, there are people moving away from Switzerland and there are people actually moving to Syria, what we all ask you is proof that Germans (of German nationality and birthright) are fleeing Germany because of economic consequences...
And most important what economic consequences would that be?
Even more important, to where would they flee, so Salvador? 

Ps, do you even read what you link to?
https://www.infomigrants.net/en/post/58508/skilled-professionals-leaving-germany-for-other-english-speaking-countries

Where in that link is anything about Germans leaving the country? All I can see is this

Germany is increasingly eyeing India as a recruitment ground for skilled labor migrants.
Figures from the Federal Statistical Office show that in 2023 alone, the number of Indian nationals in Germany was estimated at 36,391. In 2022, that number was estimated at 38,114 and 21,224 in 2021.

 Second:
https://www.infomigrants.net/en/post/58069/germany-net-immigration-sinks-sharply-in-2023

Some 663,000 more people came to Germany to live in 2023 than emigrated from the country, according to official statistics released on Thursday (June 27).

Half a million people (legally migrated) because the economy is in trouble right?

[Cech1337]

It's true that the German government’s offloading of seized bitcoins has captured a lot of attention, but it's also crucial to consider the broader economic context. The impact of this sale on the market and Germany's economy might not be immediately visible but understanding the hard numbers and economic indicators could provide a clearer picture of the situation. Examining these figures will help us better understand how these actions align with the broader economic challenges Germany is facing. Thanks for highlighting this important aspect!